Daily News Monitor: 21 May 2021

HEADLINES:

1. Gautam Adani becomes Asia's second-richest person after Mukesh Ambani

2. Govt extends timelines for income tax compliance amid Covid-19 crisis

3. Modi govt cuts subsidy on sugar exports to Rs 4,000 per tonne from Rs 6,000 on high global prices

4. Ready to strengthen dialogue, scale-up technical collaboration with India during pandemic: IMF

5. Moody's assigns first-time 'B3' ratings to OYO, outlook stable

6. Companies being roped in to make the injectable drug

7. BigBasket, Grofers hiring thousands of delivery, warehousing staff as order volume surges

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