Business news 01 Mar, 2021
Asian stocks rally, battered bond market tries to steady By Reuters - Investing.comInvesting.com
Asian stocks rally, battered bond market tries to steady
All You Need To Know Going Into Trade On March 1 - BloombergQuintBloombergQuint
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Interview: Realme's Madhav Sheth talks Narzo lineup's success, improvements to TWS, and democratizing 5G and ANC - GSMArena.com news - GSMArena.comGSMArena.com
Sheth also confirmed launching more smartphones and lifestyle products in March.
SBI MF launches first international fund investing in US stocks - MintLivemint
According to a presentation from SBI MF, the underlying fund has delivered returns of 16.27% (CAGR) in euro terms, beating its benchmark S&P 500 Index return of 16.16% (as of 31st January 2021)
India's Covid crisis far from over; 3rd wave to be more dangerous: CSIR official - India TodayIndia Today
Council of Scientific and Industrial Research (CSIR) Director General Shekhar C Mande on Sunday warned that the Covid-19 crisis was far from being over and allowing a "third wave" by lowering our guard is fraught with grave consequences.
Telco industry bid adieu to growth for 5 years, as Jio moved to top spot - MintLivemint
Revenues of all other telecom operators have declined 38%, not mention the massive cash burn of those who have survived thus far.In the December 2020 quarter, Jio alone reported monthly data traffic of around 500 crore GB/month on its wireless network
JLR to take a write off of 1.5 bn pounds in Q4 as part of a restructuring - Business StandardBusiness Standard
This will be the second biggest hit for Tata Motors-owned firm since FY19
Jeep India releases new video for 2021 Compass featuring actress Chitrangada Singh - CarToq.comCarToq.com
American SUV manufacturer Jeep recently launched the facelifted version of Compass SUV in the Indian market. The update that it received was due for quite some time. Compass was Jeep’s first product in India and it is also manufactured in India. Ever since it…
Quantitative data set up: Surge in VIX likely to put pressure on market at any bounce - Moneycontrol.comMoneycontrol
VIX touched the intraday high of 29.64 and made its highest levels of the last 169 trading sessions since June 29, 2020.
The Big Day: Another vacuous Netflix attempt at Indian myth-making - The Indian ExpressThe Indian Express
The Big Day -- much like Indian Matchmaking -- uses India as a backdrop, pointing the camera at places they want to view and be viewed against. It feeds into stereotypes without caring enough to examine the discrepancies.
Spectrum Auctions Begin Tomorrow: Here is All You Need to Know - News18News18
Bidding for the sixth round of spectrum auction for radiowaves worth Rs 3.
RIL buys majority stake in skyTran; invested in future tech, says Ambani - Business StandardBusiness Standard
Shareholding of Indian entity at 54.46%; skyTran has developed breakthrough passive magnetic levitation & propulsion tech for personal transportation
Trade setup for Monday: Top 15 things to know before Opening Bell - Moneycontrol.comMoneycontrol
According to pivot charts, the key support levels for the Nifty are placed at 14,358.17, followed by 14,187.13. If the index moves up, the key resistance levels are 14,809.87 and 15,090.53.
Have you ever made $10 billion mistake? Warren Buffett did - India TodayIndia Today
The 90-year-old billionaire Warren Buffett on Saturday admitted he “paid too much” when his Berkshire Hathaway Inc spent $32.1 billion in 2016 to buy aircraft and industrial parts maker Precision Castparts Corp, its largest acquisition.
Messaging apps may be able to comply with new guidelines without privacy breach - MintLivemint
According to industry experts, messaging apps can 'fingerprint' text messages in order to find the originator without having to reach the content of said messages.Messaging apps will need to design a way that allows the police or other authorities to figure o…
2021 Isuzu D-Max Launched In The UK With A Host Of Features - GaadiWaadi.comGaadiWaadi.com
2021 Isuzu D-Max is offered in single, extended and double cab variants and sold with a single diesel engine
All-new Tata Safari vs Adventure Persona Edition: 5 changes explained - CarToq.comCarToq.com
Tata Motors just launched the 2021 Safari on 22nd. It is completely different from the previous one as it is based on a new Omega ARC platform and a monocoque chassis instead of a ladder-frame chassis. To everyone’ surprise, Tata also launched an Adventure Pe…
Is the phase of Nifty’s outperformance vs bonds coming to an end? - Moneycontrol.comMoneycontrol
Ratio line shows a reversal from pattern re-test zone (i.e. peak of August 2018). Fall has been steep, yet it is trading above its 50-EMA.
Hyundai's EV recall to cost 50% of carmaker's 2020 net income - Team-BHPTeam-BHP
The latest Hyundai Kona EV recall of nearly 82,000 cars could be one of the most expensive EV recalls so far. It is estimated to cost the carmaker US$ 900 million. The Kona EV is being recalled due to a potential fire risk in battery cells produced by LG in C…
Volvo XC40 & S60 Local Assembly To Begin Soon In India - GaadiWaadi.comGaadiWaadi.com
Volvo India has announced that it will locally assemble the XC40 and S60, which will likely make these two models even more affordable
Sell-off in markets may persist as Q3 GDP indicates uneven recovery - MintLivemint
Divergence of Q3 GDP growth with strong corporate earnings, GST collections and other high frequency indicators' data show that the informal or unorganised sector still has not come out of the covid pain, analysts said
Top 5 Things to Watch in Markets in the Week Ahead By Investing.com - Investing.comInvesting.com
Top 5 Things to Watch in Markets in the Week Ahead
Sovereign gold bond opens for subscription tomorrow. Maturity period to benefits— 10 things to know - MintLivemint
The Reserve Bank of India, on behalf of government of India, fixed the issue price of Sovereign Gold Bond at ₹4,662 per gram.If you are considering to invest in gold, then Sovereign Gold Bonds are a far better option than physical gold, says expert
Anand Mahindra Shares Photo of Mobile Home Atop Auto Rickshaw, Wants to Connect with Architect - News18News18
Recently the pictures of an auto rickshaw transformed into a mobile home had gone viral.
Mobile app improves price data collection of essential commodities: Govt - Economic TimesThe Times of India
The mobile app for price monitoring for 22 essential commodities has started providing effective real time information about retail and wholesale prices from 127 locations across the country, the statement said.
SBI home loan interest rate at record low, no processing fee till March-end. Know details - MintLivemint
SBI commands a market share of 34% in the home loan segment.Last week, SBI signed a Memorandum of Understanding (MoU) with Shapoorji Pallonji Real Estate
GT Voice: Contribution of Indian vaccines should be lauded - Global TimesGlobal Times
While Canada's appreciation for India's vaccine cooperation could be seen by some as a sign of the latter's success in the so-called
Indians work the longest but earn the least: Report - MoneycontrolMoneycontrol
Indians earn some of the lowest minimum wages in the world. Indians earn $215 (about Rs 15, 823) a month, higher only to Bangladeshis, and ILO report has said.
2021 Mahindra Scorpio Interiors Captured In New Spy Shots - GaadiWaadi.comGaadiWaadi.com
The new-gen Scorpio is expected to be launched after the new-gen XUV500's debut in the country, and will rival the Kia Seltos and Hyundai Creta
Private health insurers offering 80-100% discounts on renewal premia - Business StandardBusiness Standard
Most health insurance provides no-claim bonus for claim-free years but that usually ranges from 25 per cent to 50 per cent
Low gold prices spark flurry of activity in India - Economic TimesThe Times of India
Gold futures in India were trading around Rs 46,000 per 10 grams, not far from the eight-month trough of Rs 45,861 touched last week.
Puravankara enters plotted development business; to launch six projects at Rs 825 crore - MoneycontrolMoneycontrol
In an interview with PTI, Bengaluru-based Puravankara Ltd Managing Director Ashish R Puravankara said the company has created a separate brand and team ''Purva Land'' to enter into plotted development segment.
Prepaid Plans You Should Get Before Tariff Hikes Kick-In - TelecomTalkTelecomTALK
Tariff hikes might be introduced by the operators next quarter or the quarter after that
Central Bank of India is out of mess, stage set for PCA exit: CEO - Business StandardBusiness Standard
Outgoing CEO Pallav Mohapatra says the bank will report profit in Q4FY21
New BSNL broadband and landline customers to get free 4G SIM card, details - India TodayIndia Today
BSNL is offering free 4G SIM cards its new broadband and landline customers in Kerala and Tamil Nadu circles.
FPIs net buyers for 2nd consecutive month in February; invest Rs 23,663 crore - Moneycontrol.comMoneycontrol
Foreign portfolio investors (FPI) invested a net Rs 25,787 crore into equities but pulled out Rs 2,124 crore from the bonds market during February 1-26, the depositories data showed.
Income Tax raids ceramic tiles magnate in Chennai, undisclosed income worth ₹220 cr found - Hindustan TimesHindustan Times
The CBDT said in a statement that ₹8.30 crore cash was seized during the raids on the group engaged in the business of manufacture and sale of tiles and sanitaryware.
Meet the Uber drivers who spent 5 years fighting the ride-hailing firm for basic workers' rights — and won - Business InsiderBusiness Insider
One of the ex-Uber drivers who won the case for workers to get minimum wage and sick pay told Insider: "I'm just a driver who spoke up for injustice."
Made-In-India Triumph Could Borrow Next-Gen Bajaj Pulsar’s Air-Cooled Engine - GaadiWaadi.comGaadiWaadi.com
The recently spied 250 cc Pulsar is expected to be equipped with an air-cooled motor, and this engine will likely also be used by Triumph for its most affordable offering under its JV with Bajaj
9 out of top 10 firms lose nearly Rs 2.2 lakh cr in m-cap, RIL gains - Economic TimesThe Times of India
Reliance Industries (RIL) was the only scrip to post gains in its market valuation among the top 10 valued companies.
96 per cent people faced drop in earnings during lockdown: Survey - Economic TimesThe Times of India
Job losses and non-availability of casual work were the key reasons for this, and every fifth respondent was forced to go hungry because of no money to buy food, Mukta Srivastava, Maharashtra's convener for the Anna Adhikar Abhiyan, told.
GDP numbers below expectations; Nifty likely to touch 14,250 levels in short-term: Nirali Shah of Samco... - Moneycontrol.comMoneycontrol
Investors can move their money to pharma stocks during this correction as they have been consolidating for some time now and could see some pickup, says Shah.
FDA clears Johnson & Johnson’s shot, the third covid vaccine for US - The Indian ExpressThe Indian Express
The announcement arrived at a critical moment, as the steep decline in coronavirus cases seems to have plateaued and millions of Americans are on waiting lists for shots.
Now, Mumbai airport gets new RT-PCR counter - Mid-dayMid-day
International and domestic passengers can now avail their test results within eight hours
Ban on international commercial flights extended till March 31 - The Tribune IndiaThe Tribune India
The earlier ban was to end on February 28
Solar Overtakes Wind As India’s Largest Renewable Energy Technology - CleanTechnicaCleanTechnica
Solar power has replaced wind power to become the largest renewable energy technology in India. According to data reported by the Ministry of New and Renewable Energy for January 2021, solar power capacity in India
Should cryptocurrencies be banned? - Deccan HeraldDeccan Herald
Between September 3, 2020, and around noon on February 26, the price of bitcoin in US dollars, has gone up by a whopping 356% and is quoting at around $46,350 per unit. And, not surprisingly, those investors who rode this wave are a confident lot.
Trading pick of the week: REC Ltd (Rs 135.5): Sell - BusinessLineBusinessLine
Investors with a medium-term horizon can sell the stock of REC Ltd at current levels. After encountering a key long-term resistance in the band between ₹156 and ₹160 in mid-February this year, the sto
Renault Kiger rendered with a sporty paint job - CarToq.com - CarToq.comCarToq.com
Renault just launched the Kiger compact-SUV in the Indian market. It is the most affordable compact-SUV that you can currently buy as it starts from just Rs. 5.45 lakhs ex-showroom. The bookings for the Kiger are already open. The Kiger is competing in one of…
We must continue to trade with China: Rajiv Bajaj - MintLivemint
Rajiv Bajaj said that in terms of ease of doing business, operating something in one of the ASEAN countries is certainly easier than 'what we encounter here in India'.Noting that if it is cheaper to make something out of China or procure something from Thaila…
Vocal for local: KVIC’s e-commerce portal crosses Rs 1 cr sales; delivers over 1 lakh products - The Financial ExpressGoogle News
Atum Electric Motorcycle First Batch Delivered To Owners In Hyderabad - RushLaneRushlane.com
Following launch in Q3 2020, Atumobile has now started deliveries of its first product, the low speed Atum 1.0 electric bike.
Elon Musk tweets if 'Androids dream of electric cars?'. Here's how world reacted - HT AutoHindustan Times
Elon Musk's latest tweet has gained over 221.1K likes and 12K retweets on the social media platform. .A meme shared by the Tesla boss on Dogecoin rocketed the value of the lesser-known cryptocurrency several hundred times.
This week in Auto: 7-seater SUVs catch people’s fancy; GM India warns workers; Osamu Suzuki announces... - Moneycontrol.comMoneycontrol
Here is a complete wrap of all the top stories of the week
Citroen La Maison showrooms launched in Delhi & Gurugram: C5 Aircross bookings to open on 1st March - The Financial ExpressGoogle News
Sovereign Gold Bond Scheme 2020-21 Series XII to Open on March 1 - GoodreturnsGoodreturns.in
The Sovereign Gold Bond Scheme 2020-21 - Series XII will be available for subscription from March 01, 2021, to March 05, 2021. The central bank also reported that the issue price for the upcoming bond issue has been set at Rs 4,462 per gram.
India's Reliance partners with Google, Facebook for digital payment network bid - ET - Investing.com IndiaInvesting.com
The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.
Jio Phone at Rs 1999 is a deal you should not miss if looking for feature phones - India TodayIndia Today
The new Jio Phone 2021 comes with a new design and interesting offers that you should not miss.
Maruti Suzuki exports cross 20 lakh unit mark - Team-BHPTeam-BHP
Maruti Suzuki has announced that its overall exports from India have crossed the 20 lakh unit mark with the latest shipment comprising of the S-Presso, Swift and Vitara Brezza cars. The shipment is bound for South Africa. Maruti Suzuki commenced export of veh…
Pay Rs 7000 To Book Elon Musk’s Satellite Internet Connection In India! (Launch Date, Features) - Trak.inTrak.in
Pay Rs 7000 To Book Elon Musk's Satellite Internet Connection In India! (Launch Date, Features) Seems like Elon Musk has a newfound fascination with India. In the latter half of last year, the much-anticipated entry of Musk’s electric vehicle compa
Hyundai i20 wins 2021 Indian Car of the Year (ICOTY) award - CarWaleCarwale.com
Hyundai i20 wins 2021 Indian Car of the Year (ICOTY) award
Gadkari urges MSMEs to avail concessional finance and install rooftop solar - YourStoryYourStory
The Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways said installing rooftop solar could add to business efficiency.
RBI Calls Digital Currencies A Mixed Blessing - BloombergQuintBloombergQuint
Why RBI calls digital currencies a mixed blessing.
Mukesh Ambani overtakes China's Zhong Shanshan to become richest Asian - India TodayIndia Today
Reliance Industries Chairman Mukesh Ambani has once again become the wealthiest person in Asia after China's Zhong Shanshan lost $22 billion this week, according to Bloomberg Billionaires Index.
The Mutual Fund Show: What Should Debt Fund Investors Do As Yields Rise? - BloombergQuintBloombergQuint
Should debt fund investors be worried as yields rise?
Top 3 key elements to look out for while deciding to subscribe to an IPO - Moneycontrol.comMoneycontrol
The IPO process allows retail investors, HNI investors, and institutions to invest in shares of the company and benefit from the ownership as the value of the company increases.
Anand Mahindra shares jugaad pic, tweets it ‘doesn’t deserve any applause’ - Hindustan TimesHindustan Times
Anand Mahindra took to his personal Twitter profile to share the post.
In Pics | All-new Mercedes-Benz C-Class interior, features and other images - Moneycontrol.comMoneycontrol
There’s no word on when the C-Class will arrive in India, but expect it sometime next year, given Mercedes-Benz India’s tendency to stay ahead of the curve at all times. This is a luxury-oriented sedan, but there will be the option of rear-wheel steering for …