Business news 14 Mar, 2021

Craftsman Automation IPO: 10 things to know before investing in the issue - Moneycontrol.com

The allotted shares will get credited to demat accounts of eligible investors around March 24 and trading will commence from March 25.

India’s move to deter digital monopolies may hit Amazon, Walmart - Mint

The draft rules seek to prescribe a code of conduct for online retailers and define cross-border flow of user data, according to a note titled Draft Ecommerce Policy

$70m digital artwork’s mystery buyer is Singapore-based desi - Times of India

India News: The art world was left scratching its head on who forked out $69.

India has 100 unicorns, majority of them set up after 2005, says report - Hindustan Times

Employing a “rigorous investigation”, the report found more unicorns in India than conventionally reported.

Subscribe to Laxmi Organic Industries: Anand Rathi - Moneycontrol.com

Anand Rathi has come out with its report on Laxmi Organic Industries. The research firm has recommended to ''Subscribe'' the ipo in its research report as on March 12, 2021.

New car launches in India next week - CarWale

Read below to learn more about two new product launches in India next week.

India to re-examine adverse events for both Covid vaccines after blood clot concerns over Oxford's Covishield - India Today

A member of the Centre’s National Task Force on Covid-19 told India Today that all deaths and hospitalizations related to vaccine dosage will be re-examined.

‘You struggle to survive while he…’: Rahul Gandhi on Adani’s wealth surge - The Indian Express

According to the Bloomberg Billionaires Index, the wealth of Adani, a first-generation entrepreneur, has jumped $16.2 billion in 2021 to $50 billion, making him the year’s biggest wealth gainer, beating even Jeff Bezos and Elon Musk.

Pre-owned, well-maintained Audi cars selling at the price of a Maruti Swift - Cartoq

Pre-owned luxury cars have slowly started gaining popularity in the market. Buyers who are looking for a luxury car do have a look at the used car market these days as you can easily find a good deal here. The main reason why these luxury cars that are well m…

Covid-19: This woman-run Hyderabad firm will supply vaccines to Quad countries - Hindustan Times

The vaccine initiative among the four countries revolves around Hyderabad's pharmaceutical company Biological E.

India's fintech industry valuation estimated at $150-160 billion by 2025: Report - Economic Times

The report unveiled on Saturday details the findings from the study that Boston Consulting Group (BCG) and FICCI undertook to size the value-creation potential and identify imperatives for India's FinTech growth.

India's draft e-commerce policy calls for equal treatment of sellers - Reuters

India will require e-commerce firms to treat sellers equally on their platforms and ensure transparency, according to a draft policy seen by Reuters on Saturday that follows criticism against business practices of big online companies.

Bitcoin hits $60,000 in record high - Economic Times

Bitcoin is up more than 2 per cent from its previous year high of $58,354.14 on Feb. 21.

Honda City Hybrid India Launch Likely In Mid-2021 - Report - GaadiWaadi.com

Honda City hybrid will reportedly launch around May or June 2021 and it is said to use the same hybrid system as in the global markets

Cos to be barred from sending commercial SMS if new rules not adopted, says Trai - Mint

The Telecom Commercial Communication Customer Preference Regulation introduced in 2018 makes it mandatory that only registered entities be allowed to send bulk SMSes, that too in a standardised format. The implementation was halted after it led to glitches in…

Looking at adverse effects: India on concerns over AstraZeneca vaccine - Yahoo India News

India is constantly looking at all the adverse side effects as it conducts a massive coronavirus vaccination program, a top medical expert said today. The...

China attacks President Biden over tighter Huawei ban - Gizchina.com

China attacks President Biden over tighter Huawei ban. Things are obviously not moving how Huawei would have hoped. Its more complicated now

2021 Hero XPulse 200T BS6 Launched; Priced At Rs. 1.13 Lakh - carandbike

The Hero XPulse 200T now gets updated to meet the Bharat Stage VI (BS6) emission regulations. No other changes in design or features.

Tata Will Buy Big Basket For Rs 7500 Crore: Tata’s Biggest Gamble For Conquering Online Grocery - Trak.in

Tata Will Buy Big Basket For Rs 7500 Crore: Tata's Biggest Gamble For Conquering Online Grocery According to a filing with the Competition Commission of India (CCI), Tata Sons Pvt. Ltd plans to buy a majority stake in India’s largest online grocer Bi

Sundar Pichai, Satya Nadella Engage in War Over Online News - News18

Sundar Pichai-run Google has launched a scathing attack on Microsoft, accusing the Satya Nadella-run enterprise of willing to break the way the open web works in an effort to undercut a rival.

Royal Enfield Meteor 350 Mileage Test: Video Review - BikeWale

The Royal Enfield Meteor 350 has turned out to be an excellent companion for everyone at BikeWale, be it city riding or highway cruising. In this video, we test the real-world mileage of the Meteor 350 by riding it in ideal city-traffic scenarios, moderate tr…

Upcoming Bajaj Pulsar 250: What the upcoming motorcycle could look like - CarToq.com

For Indian two wheeler manufacturer Bajaj Auto, Pulsar range of motorcycles have been one of the most popular in their portfolio. The Pulsar brand came into existence back in 2001 and ever since then, Bajaj has launched several new models and revised versions…

Smallcaps outperform again; 18 BSE-500 stocks rise 10-30% - Moneycontrol.com

As the Nifty formed a bearish hammer with a lower high formation on the weekly chart, it is advisable to reduce weak long positions at resistance levels, say experts.

Broader market looks attractive, stay positive on financials - Economic Times

So I think those are the factors and largely I think it is a good thing because it broadens out the universe and changes the composition of the market.

"Effortless And Painless": Ratan Tata Gets First Shot Of COVID-19 Vaccine - NDTV

Tata Group's Chairman Emeritus Ratan Tata on Saturday took his first dose of COVID-19 vaccination.

Bom Kim To Bill Gates: 7 Harvard Dropouts Who Made It To The Top - NDTV

While Harvard is considered to be one of the best universities in the world and boasts of a galaxy of famous alumni, the Ivy League school has also produced some of the world's most well-known dropouts.

Anupam Rasayan IPO: Grey market premium, other details in 10 points - Mint

Many brokerages have recommended subscribe to Anupam Rasayan IPO despite the issue being aggressively priced.

Tata Power terms Tesla tie-up report as 'factually incorrect' - ETAuto.com

In a stock exchange filing, Tata Power said the news item published in the media on March 12, 2021 is factually incorrect.

Gold Price Today, 13 March 2021: Gold prices drop near lowest in a year, down about Rs 12,000 - Zee News

Rs 44218 10 grams Tuesday: Rs 44857 10 grams Wednesday: Rs 44792 10 grams Thursday: Rs 44879 10 grams Friday: Rs 44713 10 gram (trading in progress)

WHO approves Johnson & Johnson's Covid-19 vaccine for emergency use - Mint

'Every new, safe and effective tool against Covid-19 is another step closer to controlling the pandemic,' WHO chief Tedros Adhanom Ghebreyesus said in a statement

China's Xiaomi Removed From Trump-Era Blacklist By US Judge - NDTV

A US judge on Friday ordered Chinese smartphone maker Xiaomi temporarily removed from a government blacklist barring American investment in the company.

Income Tax: 5 Rules That Are Changing From April 1 | All You Need to Know - India.com

Income Tax: Here Are The Top 5 Income Tax Changes That Will Come Into Effect From Next Month

Indian Bank to auction two properties owned by Saravana Stores Gold Palace - Business Standard

The bank has issued a notice of sale to recover Rs 288 crore from the jewellery represented by its partners, guarantors and title holders

Government to sell entire 26.12% stake in Tata Communications - Mint

Government will sell a 16.12% stake in Tata Communications through an offer-for-sale. The remaining shares will be sold to Tata Sons Pvt.’s investment arm Panatone Finvest

Nitin Gadkari asks auto sector to adopt Make in India approach to reduce imports - HT Auto

Union Minister Nitin Gadkari had earlier urged the industry to reduce dependency on auto part imports to promote local manufacturing.

Huawei Among 5 Chinese Firms Posing "Risk To US Security": Federal Agency - NDTV

The Federal Communications Commission (FCC) on Friday designated five Chinese companies as posing a threat to national security under a 2019 law aimed at protecting U.S. communications networks.

Petrol and diesel prices remain unchanged for 2 weeks as five states prepare for upcoming polls - Free Press Journal

Industrial production returns to contraction in January, retail inflation at 3-month high in February - Moneycontrol.com

The dual economic challenge continues in 2021 as a fragile manufacturing sector drags down industrial production in January while the ripple effect of higher fuel prices continues to raise inflation in February.

Tesla investor sues Elon Musk over his 'erratic tweets' - Hindustan Times

The complaint highlighted several Musk posts on social media platform Twitter, including his assessment last May 1 that Tesla's stock price was "too high," prompting a more than $13 billion tumble in Tesla's market value.

Gold Prices Hold Steadfast in Light of Dollar Strength and Higher US Treasury yields - FX Empire

Over the last few articles, we have spoken about the multiple factors that have created bearish pressure on both gold and silver pricing.

S Srimathy assumes charge as executive director of Indian Overseas Bank - The Financial Express

Dow Swells to Record High, Shrugging Off Tech After Rate Scare Returns By Investing.com - Investing.com

Dow Swells to Record High, Shrugging Off Tech After Rate Scare Returns

Coronavirus | Novavax reports 96.4% efficacy on original virus - The Hindu

Serum Institute in deal with U.S. based biotech firm to manufacture several doses

Adani Transmission wins Rs 1,300-crore power transmission project in MP - Business Standard

Project involves setting up 16 new sub-stations and strengthening existing power supply network

Ahead of IPO, Craftsman Automation garners 247 crore from anchor investors - Economic Times

The anchor investors include HSBC Global Investment Funds, Tata Mutual Fund (MF), Aditya Birla Sunlife MF, The Nomura Trust and Banking Co Ltd, Max Life Insurance Co Ltd and Integrated Core Strategies Asia Pte Ltd.

New ransomware strain exploits Microsoft Exchange security flaw - Tech Xplore

A new strain of ransomware has emerged which exploits a security flaw in Microsoft Exchange servers, signaling potentially damaging consequences from a high-profile hack.

Govt to sell 16.12% stake in Tata Communications through OFS, rest to Tata Sons arm - Moneycontrol

The government holds 7,44.46,885 equity shares of TCL, which, at last closing price of Rs 1,289.75 per unit, stands at a value of over Rs 9,601 crore.

SBI Cards gets board's nod to raise up to Rs 2,000 cr via bonds - Economic Times

The board of directors of the company, at its meeting held today (Friday), has approved raising of funds by way of issuance of non-convertible debentures (NCDs) aggregating to Rs 2,000 crore, it said in a regulatory filing.

Samsung failed to make a dent in the TWS market in India last quarter - SamMobile

There's no better way to describe the TWS (true wireless stereo) earbud market in India other than 'it's booming,' but ...

YouTube To Deduct Taxes From Payments Outside US - Gulte

In a piece of upsetting news for creators based on YouTube all over the world, they now need to pay taxes for their earnings. Google said it would begin deducting US taxes from payments to creators. The creators who have been enjoying a great subscriber base …

Owner of Nissan Magnite explains why he bought Magnite over Kia Sonet - CarToq.com

Nissan India launched their all-new sub-4 meter compact SUV, Magnite in the market last year. The SUV competes with cars like Maruti Brezza, Kia Sonet, Hyundai Venue, Ford EcoSport, Tata Nexon and Mahindra XUV300 in the segment. When launched, Nissan Magnite …

Ittira Davis resigns as CEO of Ujjivan Financial Services - BusinessLine

Ittira Davis has resigned as the MD and CEO of Ujjivan Financial Services Limited (UFSL) to take up a proposed directorship role on the board of Ujjivan Small Finance Bank Limited.In a regulatory fili

CPI Inflation Rises To Three-Month High In February - BloombergQuint

CPI Inflation rose to 5.03% in February 2021.

Sharing and using friends' Netflix account no longer allowed? - Lokmat

Sharing and using friends' Netflix account no longer allowed?

FinMin to infuse Rs 14,500 crore in banks under PCA soon - Moneycontrol

Indian Overseas Bank, Central Bank of India and UCO Bank are currently under this framework that puts several restrictions on them, including on lending, management compensation and directors' fees.

We have planned Rs 100-cr capex this year: Rajni Hasija, IRCTC - Economic Times

Decision on resumption of normal train services soon, says Rajni Hasija, CMD, IRCTC.

Infosys plans to hire Google-certified graduates to meet its target of 25,000 US employees by 2022 - Business Insider India

The Indian IT services giant Infosys has signed on with Google to hire 500 employees with Google Career Certificates over the next two years.This comes as

New-gen Mahindra XUV500 continues testing; dashboard design leaked - CarWale

The 2021 Mahindra XUV500 gets a dual-tone dashboard. The model is expected to be launched later this year.

This Airline In India Is Offering Rs 300 Covid Tests to Get People Flying - NDTV

One airline in India has hit upon a new way to make a bit of extra money while encouraging people back on planes -- sell them Covid-19 tests.

Hero Splendor Plus, Passion Pro 100 Million Editions launched in India - BikeWale

Hero MotoCorp has announced the launch of the 100 Million Editions of its existing models to celebrate the 100 million cumulative production milestone that the company achieved in January this year. The list includes the 100 Million Editions of the Splendor P…

Why Should Women be Primary or a Co-Applicant When Availing Home Loan? - Goodreturns

The number of women applying for home loans has risen dramatically over the years as more women become financially independent. Due to social changes, women are becoming more interested in homeownership.

Ridham Desai’s advice to investors: Park your money in these 3 sectors - Economic Times

Consumer discretionaries, industrial and financials are the three sectors where one can turn stock pickers, says Morgan Stanley India MD.

Tata Model Wise Feb 2021 Sales - Tiago, Nexon, Harrier, Safari, Altroz - GaadiWaadi.com

Tata continued to be the third largest carmaker in the country in the month of February 2021 with a healthy YoY sales growth of 119 per cent

2021 KTM RC 200 spotted testing in India - Team-BHP

The 2021 KTM RC 200 has been spotted testing in India. It may be recalled that in December 2020, the bike was seen undisguised on the production floor.The bike gets a new fairing with a hexagonal headlamp, turn-indicators integrated into the front fascia, new…

Tata Motors: To Buy or Sell? - Investing.com India

The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.

Bull trend intact; 16,500 next target for Nifty: CLSA’s Laurence Balanco - Economic Times

Nfty Bank target is 40,000 in short term, followed by consolidation and then a long-term target of 55,000.

American Tower Corp appoints Sanjay Goel as executive VP and president of Asia-Pacific region - ETTelecom.com

American Tower Corporation has appointed Sanjay Goel as Executive Vice President and President, Asia-Pacific, succeeding Amit Sharma, who will serve as Chairman of the Company’s Asia-Pacific region and as Special Advisor to the CEO until his retirement on Jul…

Scorpio to Brezza – 4 Popular Cars to Enter New Generation In 2021 - India Car News

The Indian automobile industry has started the year 2021 on a positive note as most of the car manufacturers registered a decent YoY (year-on-year) growth in the last two months. Several new cars have made their debut and several have been lined up for the co…

Harvard Dropout $8.6 Billion Richer After Listing Of His Softbank-Backed Company - NDTV

Bom Kim sold his first venture fresh out of college. Fast forward two decades, and the serial entrepreneur is joining the ranks of the world's richest with the listing of his Coupang Inc.

From Blue Star To Sobha, Here Are Jefferies’ 14 Mid-Cap Stock Picks - BloombergQuint

The Nifty Midcap index is still trading at a discount to the Nifty 50 in terms of price to book multiples.