Business news 02 Mar, 2021
Market LIVE Updates: Nifty reclaims 14,900, Sensex up 400 pts; BPCL, IT stocks in focus - Moneycontrol.comMoneycontrol
All the sectoral indices trading in the green with Nifty IT, Infra and Energy indices rose 1 percent each.
Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar for short term - Moneycontrol.comMoneycontrol
Mitessh Thakkar of mitesshthakkar.com recommends buying Bharat Electronics with a stop loss of Rs 142, target at Rs 155 and Granules India with a stop loss of Rs 336, target at Rs 353.
Cheapest Home Loan Rates: Here's what SBI, Kotak Bank and others have on offer - MoneycontrolMoneycontrol
The private lender said the interest rates are linked to borrowers’ credit score and the Loan to Value (LTV) ratio. The bank said the rates will be applicable for both the salaried and self-employed customer segments.
Stocks to Watch: Prestige Group, Bank of Baroda, IDBI Bank, Linde India - MintLivemint
Kilburn Engineering's board of directors will meet on 4 March to consider and approve a proposal for issue and allotment of equity shares by way of a preferential allotment and conversion of outstanding loans into equity shares and cumulative redeemable prefe…
Price of CNG, PNG hiked from today, Petrol and Diesel prices remain stable - MoneycontrolMoneycontrol
The price was Piped Natural Gas (PNG) also climbed to Rs 28.41 SCM (Standard Cubic Meter), an increase of 91 paise per SCM. This is in addition to the increase in the price of Liquified Petroleum Gas (LPG) by Rs 25 since March 1.
10 things you need to know before the opening bell on March 2 - CNBCTV18CNBCTV18
The Indian market is likely to open lower on Tuesday as the trend on SGX Nifty indicates a weaker start for the broader index in India. The Nifty futures were trading 33.75 points or 0.23 percent lower at the 14,878.20 level on the Singaporean Exchange at 7:1…
Ford Ecosport’s new variants officially teased ahead of launch - CarToq.comCarToq.com
Earlier, a Ford Ecosport without a tailgate-mounted spare wheel was spotted while an advertisement shoot. Till now, there were only spy shots. However, now Ford India has officially teased the upcoming variants. There will be two new variants on offer. There …
SBI contributes Rs 11 crore to PM CARES fund to support COVID-19 vaccination drive - MoneycontrolMoneycontrol
The PM CARES Fund was set up in March 2020 to gather funds for relief during the COVID-19 pandemic.
All You Need To Know Going Into Trade On March 2 - BloombergQuintBloombergQuint
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
RBI says banks reluctant to lend to big business - The Indian ExpressThe Indian Express
“Owing to the stressed assets in large industries, there was a general reluctance on the part of bankers to lend to these industries, with the problem getting compounded by the pandemic,” the RBI said.
On the road with Covid: Auto-rickshaws and bike taxis recover faster, cabs behind - The Indian ExpressThe Indian Express
Data show that even as usage of public transportation continues to climb toward pre-Covid levels, modes such as bike taxis and auto-rickshaws have recovered faster than cabs.
Hot Stocks | Dalmia Bharat Sugar, Torrent Power, NMDC are 3 short-term trading ideas - Moneycontrol.comMoneycontrol
The trendline support for Nifty is currently placed at 14,350 odd levels, which also coincides with the partially filled gap support placed between 14,336 and 14,469.
Apple alum’s jobs app for India’s workers raises $12.5 million - TechCrunchTechCrunch
A startup by an Apple alum that has become home to millions of low-skilled workers in India said on Tuesday it has raised an additional $12.5 million, just five months after securing $8 million from high-profile investors. One-year-old Apna said Sequoia Capit…
Jeff Bezos versus Mukesh Ambani isn’t the only fight in India’s retail - MintLivemint
A tech startup is revolutionizing the back-end for millions of small shops. The founders are doing it their way.
Gold prices fall by over ₹11,000. Is it safe to invest in the yellow metal? - Hindustan TimesHindustan Times
The fall in prices of gold and silver has left investors wondering whether they should invest in the precious metals or sell or hold what they have.
All engines of demand starting to fire, says RBI - Times of IndiaThe Times of India
India Business News: The RBI’s state of the economy note has said that there is economic recovery with drop in Covid cases and “all engines of aggregate demand are startin
NSE glitch will cost us, says FM; Sebi meet today - Times of IndiaThe Times of India
India Business News: Sebi has called for a meeting on Tuesday to discuss the issue of interoperability of exchanges. This will be with top officials of the exchanges as we
Spectrum sale: Government gets bids for over Rs 71k crore - Times of IndiaThe Times of India
India Business News: The total revenues that the exchequer may earn this fiscal through upfront payment requirements will be around Rs 12,000-13,000 crore, communications
Gold Forecast - Expecting a Bottom in Gold this Week - FX EmpireFX Empire
I view this as an excellent long-term opportunity and believe we will look back at today’s prices as a gift.
Finance Ministry Considers Cutting Taxes On Petrol, Diesel: Report - NDTVNDTV News
The Finance Ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said. A doubling in the price of crude oil over the past 10 months has con…
Flipkart makes leadership changes ahead of planned IPO - Economic TimesThe Times of India
Flipkart has appointed Unilevers Hemant Badri as senior vice president for its supply chain operations, and shuffled and expanded the roles of Amitesh Jha and Ranjith Boyanapalli.
Chinese hackers target Indian vaccine makers SII, Bharat Biotech, says security firm - The Indian ExpressThe Indian Express
Rivals China and India have both sold or gifted COVID-19 shots to many countries. India produces more than 60% of all vaccines sold in the world.
J&J CEO Alex Gorsky sees COVID-19 shots in American arms in 1-2 days as shipping starts - MoneycontrolMoneycontrol
Gorsky said J&J was confident that its vaccine would have a 'robust response' against these emerging variants, based on its clinical trial in countries including South Africa and Brazil where worrisome variants were circulating.
Sebi proposes sweeping changes to rules for appointment of independent directors - Economic TimesThe Times of India
The regulator plans to introduce the dual-approval system for the appointment and removal of independent directors.
Delhi Govt’s bizarre move to delist Tata Nexon EV from subsidies! Company responds - Financial ExpressGoogle News
EXCLUSIVE | We are feeling perfectly fine: Infosys co-founder NR Narayana Murthy after getting vaccinated - MoneycontrolMoneycontrol
The vaccination process was seamless, and we did not have any problem in registering, says Infosys co-founder NR Narayana Murthy after getting vaccinated against COVID-19.
LPG price hiked again by Rs 25, fourth increase in month’s time - The Tribune IndiaThe Tribune India
Prices up by Rs 125 per 14.2-kg cylinder since the beginning of February
Air India cancels its pilots' leaves with immediate effect - MintLivemint
Officials of Air India indicated that many pilots were on leave during the COVID-19 pandemic and the services were not utilised fully
Good news for travelers! IATA plans to launch travel pass; in talks with Indian authorities, airlines - Financial ExpressGoogle News
Stocks Move Higher At The Start Of The Month - FX EmpireFX Empire
Vaccine optimism and stimulus hopes provide support to the market.
BPCL to sell entire stake in Numaligarh Refinery for Rs 9,880 cr - Business StandardBusiness Standard
BPCL will sell its 61.65% holding in Numaligarh Refinery to a consortium of Oil India and Engineers India and may also include the state govt of Assam
Indian Railways freight does heavy lifting; April-Feb cumulative numbers up year-on-year - Times of IndiaThe Times of India
India Business News: Indian Railways' freight loading seems to have made a smart comeback after it suffered from the COVID-19 pandemic.
Suzuki boss will retire after almost 5 decades with the firm - Team-BHPTeam-BHP
Osamu Suzuki, Chairman of Suzuki Motor Corporation, will step down from his position to retire in June 2021. The 91-year-old will hand over the reigns to his son Toshihiro but will continue in an advisory role. Osamu Suzuki joined the company in 1958.
GST February Collections Cross Rs 1 Lakh Crore For Fifth Straight Month - BloombergQuintBloombergQuint
GST revenue for January, collected in February, was at Rs 1.13 lakh crore.
Citroën C5 Aircross Bookings Begin In India; Launch Soon - carandbikeCarandbike.com
Bookings for the Citron C5 Aircross are now open online and across the brand's dealerships for a token of Rs. 50,000, and early-bird customers will get a 5 years/50,000 km maintenance package as complimentary.
IBPS RRB Clerk Mains Result 2021 Out: Check Scores, Provisional Allotment for CRP RRB IX Office Assistant @ibps.in - Jagran JoshJagran Josh
Institute of Banking Personnel Selection (IBPS), Regional Rural Banks (RRB) has released the result of mains online exam along with scores and
Mobile Retailers Call For Amazon Probe, Cap On Online Smartphone Sales - NDTVNDTV News
A trade group representing 1,50,000 mobile phone stores on Monday urged Prime Minister Narendra Modi to investigate Amazon's business practices in the country and impose a daily cap on a single seller's online smartphone sales.
These are the top 10 likely IPOs scheduled in March 2021 - Business Insider IndiaBusiness Insider India
PLI scheme, OpenRAN to grow local telecom gear vendor ecosystem: Airtel CTO - ETTelecom.comThe Times of India
Bharti Airtel said that India’s local telecom vendor ecosystem will grow with the help of the OpenRAN technology and the recently introduced PLI scheme, which will allow new players to enter the market and innovate further. It said that the global telecom ven…
Bitcoin rises 6% as risk assets rally; Citi says at a 'tipping point' - Economic TimesThe Times of India
Bitcoin, which has risen to $47,000 from $4,700 last March, could in the future become the preferred currency for international trade or face a speculative implosion, Citi said.
Pune Airport Adjudged Among The Best In The World: Airports Council International - Punekar NewsPunekarnews.in
Pune, 1st March, 2021: After witnessing an unprecedented year marred by the Covid-19 pandemic that impacted the world economy and hampered global air travel, the Airports Council International (ACI) World today announced Airport Service Quality (ASQ) Awards f…
Crude oil futures fall 0.26% to Rs 4,592 per barrel; money managers decrease long positions - Moneycontrol.comMoneycontrol
The black gold has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The Relative Strength Index (RSI) is at 76.64 which indicates positive momentum in prices.
100-year-young man gets Covid jab in Hyderabad, says he's keen to have socially active life - The New Indian ExpressThe New Indian Express
Jaidev Chowdhry, 100, a resident of Hyderabad and ex-entrepreneur, took the first shot at Medicover Hospitals on Monday
As more Indians invest abroad, MFs to line up international funds - MintLivemint
Around six mutual fund houses are seeking Sebi’s permission to offer nine international schemes. The fund houses include Mirae Asset Mutual Fund, Mahindra Manulife Mutual Fund, Nippon India Mutual Fund, Kotak Mahindra Mutual Fund, HSBC Mutual Fund and BNP Par…
BOC Aviation signs purchase-leaseback agreements with Indigo - MoneycontrolMoneycontrol
The aircraft will be powered by CFM Leap engines and are scheduled to be delivered in the second half of 2021, the Singapore-based aircraft leasing company said in a release on Monday.
SoftBank Group all set to merge PayPay and Line Pay apps in Japan - MoneycontrolMoneycontrol
SoftBank's telecom arm plans to fold Line Pay into PayPay, its Yahoo Japan unit and India’s Paytm in April 2022 after securing relevant regulatory approvals.
Paytm claims top spot in India’s mobile payments market with 1.2B monthly transactions - TechCrunchTechCrunch
This is the largest volume of transactions reported by any payments firm in India and Paytm claimed that it has consolidated its leadership position.
Sonalika tractor sales rise 22.5% at 11,821 units in Feb - ETAuto.comThe Times of India
During the April-December period the company reported its highest-ever sale of 106,432 tractors, translating into 35.5% increase from the year-ago period.
Sterlite Tech bags $100 million deals in Middle East, Africa for 5G - MintLivemint
STL launched three new wireless products in the December quarter and will commercially deploy open radio access network, essential for creating backend infrastructure for 5G, later this year
Warren Buffett's nuggets of wisdom for investors from his latest letter to shareholders - MintLivemint
'Productive assets such as farms, real estate and, yes, business ownership produce wealth – lots of it. Most owners of such properties will be rewarded'
Nissan India Feb 2021 Sales Records 313% Growth - Thanks To Magnite - RushLaneRushlane.com
Nissan India witnessed its sales in February 2021 growth by a staggering 313% YoY. However, the base was small to begin with.
RailTel share price zooms 20% post Friday’s premium listing; should you buy, sell or hold shares? - The Financial ExpressGoogle News
Elon Musk-backed Starlink broadband pre-orders now available in India for around Rs 7000 - India TodayIndia Today
Starlink broadband is slated to provide broadband services in India by 2022. The Elon Musk-Backed company has now made pre-orders available on a first-come-first-serve basis for users in India.
Tata Motors reports highest passenger vehicle sales in 9 years — Maruti, Ashok Leyland, outperform street expe - Business Insider IndiaBusiness Insider India
The actual numbers in the case of Maruti and Ashok Leyland have outperformed the street estimates. However, it failed to meet the expectations for Bajaj Auto.The
Buy Tata Motors: target of Rs 365: Sharekhan - Moneycontrol.comMoneycontrol
Sharekhan is bullish on Tata Motors has recommended buy rating on the stock with a target price of Rs 365 in its research report dated February 26, 2021.
MG Motor India records highest-ever production, bookings, and sales in February 2021 - Times NowZoom
The British automaker sold a total of 4,329 cars in India last month, which translates into 215 per cent growth as compared to February 2021. The company attributed this growth to ZS EV and Gloster.
ImaginXP raises $1.5 million led by Venture Catalysts - MintLivemint
The company currently has 2,500 students studying its full-time degree programmes and 15000+ students on the MyCoach platform. Additionally, with universities being allowed to issue online degrees, ImaginXP is in a unique position to help its partners
Ashok Leyland share price gains after sales rise 4.4% MoM - Moneycontrol.comMoneycontrol
Ashok Leyland's exports were up 7.4 percent at 927 units against 863 units (YoY).
Escorts tractor sales up 30.6% at 11,230 units in February - Moneycontrol.comMoneycontrol
The company had sold 8,601 units in February 2020.
Godrej Properties Highest Bidder for Navi Mumbai Land at Rs 166 Crore - Investing.com IndiaInvesting.com
The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.
Fertiliser shares jump; RCF, National Fertilizers zoom up to 68% in a week - Business StandardBusiness Standard
Last week, rating agency ICRA reaffirmed credit ratings of the RCF's instruments and revised outlook to 'positive' from 'stable
Elon Musk is facing a challenge from Asia’s richest man Mukesh Ambani in India— both in energy and transporta - Business Insider IndiaBusiness Insider India
Indian billionaire Mukesh Ambani has upped the stakes with an investment of $25.76 million in skyTran, acquiring a majority stake. skyTran, not unlike Elon
Bharti Airtel stock slips 2% after Integrated Core Strategies sells 3.7 crore shares - Moneycontrol.comMoneycontrol
Goldman Sachs has retained its 'buy" call on Bharti Airtel.
KEC International share price hits 52-week high on winning Rs 1,140-crore orders - Moneycontrol.comMoneycontrol
The company's transmission & distribution business secured orders of Rs 963 crore in the Middle East and Africa.
First cop to buy Royal Enfield Interceptor 650 explains why she chose the motorcycle - CarToq.comCarToq.com
Royal Enfield is a known name amongst biking enthusiasts. The manufacturer has created a separate niche customer segment that continues to remain loyal to the brand. They surely have their own reasons. Reasons include the retro look it offers or the comfortab…
Buzzing Stocks | Bharti Airtel, RIL, Railtel, Bank of Maharashtra, Equitas Holdings, Tata Chemicals,... - Moneycontrol.comMoneycontrol
Bharti Airtel, Esab India, Railtel Corporation of India, Indian Oil Corporation, Vedanta, United Spirits, Minda Industries, Acrysil, Mallcom (India), SSPN Finance, Kilitch Drugs (India), BEML, are also among the stocks in focus today.
Year into pandemic, economy in polarised place - Hindustan TimesHindustan Times
It was on March 24 that Prime Minister Narendra Modi announced a comprehensive nationwide lockdown beginning March 25. This lockdown, which lasted for 68 days, was among the most stringent in the world and virtually brought all non-essential economic activiti…
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…
Coinbase Mafia Shows How Tight A Circle Holds Sway Over Bitcoin - BloombergQuintBloombergQuint
Here’s a glimpse into the remarkably small circle of mostly men who command the incredibly lucrative digital landscape.
Tata Safari vs MG Hector Plus: Which Variant Of These SUVs Offers Better Value? - CarDekhoCardekho.com
Both are three-row versions of existing, popular mid-size SUVs. Here’s a detailed analysis on how their variants stack up against each other in a brochure comparison With the SUV segments getting more and more crowded, it has become critical for carmakers to…