Business news 03 Mar, 2021
Amazon Quietly Changes App Icon after Netizens Compare it to Hitler's Mustache - News18News18
Days after Myntra announced its decision to tweak its logo, now e-commerce giant Amazon has sneakily rolled out a small change in its mobile app icon after users found an uncanny similarity between the app's former logo and Adolf Hitler.
Share Market LIVE: Nifty reclaims 15,000 after 3-day gap, Sensex tops 50,700; RIL, HDFC top contributors - The Financial ExpressGoogle News
Fly Me To The Moon: Japan Billionaire Offers Space Seats - NDTVNDTV News
It's the sort of chance that comes along just once in a blue Moon: a Japanese billionaire is throwing open a private lunar expedition to eight people from around the world.
MTAR Technologies IPO opens today: Should you subscribe? - Moneycontrol.comMoneycontrol
MTAR IPO: Looking at the growth potential of the company, many brokerages and analysts are advising investors to subscribe to the issue
Indian Bank seeks shareholders nod for Rs 4,000 crore equity capital raise - MoneycontrolMoneycontrol
Extraordinary General Meeting (EGM) of the bank was held on 2nd March, 2021 through video conferencing/other audio visual means in accordance with government guidelines, the bank said in a regulatory filing.
Renault Kiger Adventure Edition: What it could look like - CarToq.comCarToq.com
Renault India recently launched their all-new product Kiger in the Indian market. Kiger is a sub-4 meter compact SUV that competes with cars like Nissan Magnite, Maruti Brezza, Hyundai Venue, Kia Sonet, Tata Nexon, Mahindra XUV300 and Ford EcoSport in the seg…
Heranba Industries IPO allotment status finalised: Here is how to check - Moneycontrol.comMoneycontrol
Trading of equity shares that were part of Heranba IPO will commence on March 5.
CNBC-TV18's top stocks to watch out for on March 3 - CNBCTV18CNBCTV18
Indian indices are likely to open in the green on Wednesday tracking gains in Asian peers on optimism that US stimulus will energise the global economic recovery. The SGX Nifty was also trading marginally higher, up around 0.2 percent over 15,000 suggesting a…
Buzzing stocks | RIL, Bharti Airtel, Vodafone Idea, Ion Exchange, YES Bank, Ruchi Soya, Vipul - Moneycontrol.comMoneycontrol
Ion Exchange (India), Ircon International, Kranti Industries, Bank of Baroda, Jaiprakash Power Ventures, Engineers India, Motherson Sumi Systems are also among the stocks in focus today.
All You Need To Know Going Into Trade On March 3 - BloombergQuintBloombergQuint
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Best Selling Cars, SUVs Feb 2021 - Swift No 1, Creta Enters Top 5 - RushLaneRushlane.com
Maruti Suzuki dominated the top 10 selling cars with as many as seven products of the company making to the list.
Climate crisis to cost $100 billion to Indian firms in next 5 years: Report - Hindustan TimesHindustan Times
The report, titled “Building Back Greener”, said the numbers were based on responses by 42 of 220 Indian companies that responded to investor requests and disclosed climate data.
Exclusive: Zomato on course for $1 billion IPO without investor exits - Economic TimesThe Times of India
The Zomato IPO—slated for later this year—is expected to raise $750 million to $1 billion through a 100% primary offering, keeping in mind the long-term upshot that the investors expect from the stock.
Precious metals gain on the back of dollar weakness and lower Treasury yields - Kitco NEWSKitco NEWS
Exclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamen…
Government realises Rs 77,814 crore against Rs 4 lakh crore spectrum put for sale - Times of IndiaThe Times of India
India Business News: NEW DELHI: The much-touted spectrum auctions ended after just six rounds and under two days as the government managed to generate sales of Rs 77,814 c.
UK To Receive 10 Million AstraZeneca Covid Vaccine Doses From India: Report - NDTVNDTV News
The UK will receive 10 million AstraZeneca COVID-19 vaccine doses made by the Serum Institute of India (SII), the UK government said in a statement on Tuesday.
Exports decline in Feb after 2 months of growth - MintLivemint
Exports fell 0.25%, while imports picked up to grow at 7% in February, data showed.In April-February, exports contracted 12.32% while imports fell 23.1%, resulting in a $151.4 bn deficit
YES Bank gets majority vote of shareholders for Rs 10,000 cr fund mop-up - Economic TimesThe Times of India
As many as 98.78 per cent votes were cast in favour of the resolution to authorise the bank to raise capital through issuance of equity shares or other securities, YES Bank said in a regulatory filing.
Electronics exports hit record high of ₹8,806 cr in December - MintLivemint
Boosting electronics exports is high on the government agenda right now. The Narendra Modi-led government announced its PLI scheme for the same last year..The scheme, which offers 4-6% cash incentives on incremental sale of mobile phones manufactured in India…
How a 10-second video clip sold for $6.6 million - The HinduThe Hindu
Block chain technology allows the items to be publicly authenticated as one-of-a-kind, unlike traditional online objects which can be endlessly reproduced.
BPCL to pay shareholders from Rs 9,876 cr Numaligarh Refinery stake sale - Economic TimesThe Times of India
The Board of BPCL on Monday approved the sale of the company's 61.65 per cent stake in Numaligarh Refinery Ltd (NRL) to a consortium of state-owned Oil India, consultancy firm Engineers India Ltd (EIL) and Government of Assam for Rs 9,875.96 crore.
IIM Ahmedabad Cluster 1 placement: BCG makes highest number of offers at 32, followed by McKinsey - Moneycontrol.comMoneycontrol
McKinsey offered the second-highest number of 30 offers in Cluster 1 of the final placements at Indian Institute of Management, Ahmedabad.
Trade setup for Wednesday: Top 15 things to know before Opening Bell - Moneycontrol.comMoneycontrol
The area of 14,920-15,065 is expected to be a crucial resistance zone for the market for short term, said Nagaraj Shetti of HDFC Securities.
Hurun Global Rich List 2021: Only 1 Indian in top 10; Elon Musk takes No 1 spot - CNBCTV18CNBCTV18
While the total number of billionaires rose by over 400 to 3,228 in 2020, over 600 people across the world became billionaires for the first time during the year gone byGet latest Business online at cnbctv18.com
Govt to sell up to 16% stake in IRCON via OFS, issue opens Wednesday - Business StandardBusiness Standard
The floor price is Rs 88 per share
Comic: Spooked by Inflation By Investing.com - Investing.comInvesting.com
Comic: Spooked by Inflation
Rakesh Jhunjhunwala, Rare Investments sell stake in Ion Exchange - Moneycontrol.comMoneycontrol
As of December quarter 2020, Rakesh Jhunjhunwala, the big bull of the Dalal Street, held 5.29 percent stake in Ion Exchange.
Tata Motors delivers 100 units of the all-new Safari in a single day in Delhi NCR - CarToq.comCarToq.com
Tata Motors launched the 2021 Safari last month and it has received a good response from the Indian market. The homegrown manufacturer reported that they have delivered 100 units of their new flagship SUV in just one day in Delhi-NCR. Most of the customers ha…
As Gold and Silver Prices Witness a Drop, Should You Look for Other Options? - News18News18
For a long time, Gold has been considered a safe investment that guaranteed profitable gains.
PhonePe & Paytm lock horns: Both claim market leadership - MoneycontrolMoneycontrol
Paytm is yet to put out a breakup of its numbers for February, so it’s hard to tell who really was No. 1 last month with both claiming to have recorded over a billion transactions.
Amounts Paid By Indian Companies To Use Foreign Software Not Royalty;Not Income Taxable In India; No TDS... - Live Law - Indian Legal NewsLivelaw.in
Settling an important issue in the income tax law, the Supreme Court on Tuesday held that the...
Toyota: Employee union calls off labour strike - Team-BHPTeam-BHP
Toyota has released an official statement confirming the end of the labour strike at its Bidadi factory, near Bangalore. The Toyota Kirloskar Motors (TKM) Employee's Union has officially called off the labour strike.
Busy IPO season in March with seven offers worth Rs 12,000 crore - Business StandardBusiness Standard
Unprecedented rush due to excess liquidity; all IPOs getting oversubscribed multiple times over, say experts
BJP spokesperson shares selective data portraying lower petrol price in BJP-ruled states - Deccan HeraldDeccan Herald
Amid the growing criticism from opposition parties over the hike in petrol prices, BJP Tamil Nadu’s spokesperson SG Suryah tweeted a list of petrol prices in different states. The data was divided into two parts – one that listed petrol prices in BJP governed…
Spectrum acquired in 5 circles to boost 4G coverage, capacity: Vodafone Idea - Moneycontrol.comMoneycontrol
In a statement issued after the conclusion of the spectrum auctions on Tuesday, VIL said it has used "this opportunity to optimise spectrum holding post-merger to create further efficiencies in few circles".
Heranba Industries IPO: Check share allotment status via registrar, BSE website; grey market premium soars 40% - The Financial ExpressGoogle News
Hyundai Bayon Compact SUV Revealed With Aggressive Styling - GaadiWaadi.comGaadiWaadi.com
Hyundai Bayon derives power from a 1.0-litre three-pot turbo petrol engine developing either 99 bhp or 118 bhp
Karnataka unveils new policy for engineering research & development sector - MoneycontrolMoneycontrol
The Engineering R&D Policy 2021 has the potential to create around 50,000 new direct and indirect jobs and attract investment into Karnataka beyond Bengaluru in next five years.
Nitin Gadkari tells how much fuel India will save with mandatory FASTags - HT AutoHindustan Times
National Highways Authority of India (NHAI) has implemented mandatory FASTags on toll plazas across the country from February 16.
MTAR Technologies IPO: 10 things you should know before the issue opens - Moneycontrol.comMoneycontrol
Historically, its order book was Rs 201.85 crore, Rs 243.74 crore and Rs 345.13 crore, as on March 2018, March 2019 and March 2020, respectively.
Vodafone Idea partners Aditya Birla Health Insurance to offer health insurance benefit on mobile recharges - ETTelecom.comThe Times of India
The first-of-a-kind offering provides a fixed hospitalisation cover of up to Rs 1,000 for a period of 24 hours of hospitalisation and Rs 2,000 of cover for ICU-related expenses from ABHI for any kind of ailments including COVID-19, according to an official st…
Elon Musk's ultra-fast internet Starlink open for pre-booking in India. Here's everything you need to know about it - YourStoryYourStory
In India, one can pre-book Starlink internet for $99, roughly Rs 7,200. The service will be available in the country from 2022.
Flipkart to expand grocery business to 70 cities in India - Moneycontrol.comMoneycontrol
Flipkart’s grocery services are available across cities like Kolkata, Pune and Ahmedabad.
Bajaj Auto rides in all-new Platina 100 Electric Start - HT AutoHindustan Times
Bajaj Platina 100 Electric Start is now available across all Bajaj Auto dealerships in India..The new Platina 100 ES comes with Bajaj's proven Comfortec technology.
Tata Motors clocks highest-ever PV sales in 9 years in Feb 2021; stk up 5% - Business StandardBusiness Standard
ICICI Securities maintain 'buy' rating on Tata Motors with target price of Rs 375 per share.
Jio Phone Data Plans Introduced for Subscribers, Packs Start From Rs. 22 - Gadgets 360NDTV News
Jio Phone plans are priced at Rs. 22, Rs. 52, Rs. 72, Rs. 102, and Rs. 152. The Rs. 22 data plan from Jio offers 2GB of 4G high speed data for a validity of 28 days. After the FUP is reached, the speed is throttled to 64Kbps for the subscriber. The data plan …
India likely to miss 2022 renewable energy target by a long way - MintLivemint
Against its renewable energy target of 175 GW, India is lagging at around 93 GW. The main reason for the shortfall is solar power, where capacity addition and production is beset by issues pivoting around declining tariffs
Shipping Corporation of India Ltd leads gainers in A group - Business StandardBusiness Standard
Prakash Industries Ltd, Just Dial Ltd, Ion Exchange (India) Ltd and Symphony Ltd are among the other gainers in the BSE's 'A' group today, 02 March 2021.
Mumbai-Based Startup IdeaForge Bags $20 Million Indian Army Order For ‘SWITCH’ Drone, Here’s All You Need To Know - SwarajyaSwarajya
SWITCH drone can be used for long duration operations, long endurance surveillance and security, inspection etc.
Jaguar i-Pace, Mercedes-Benz A-Class, and more: Upcoming cars in March 2021 - Times NowZoom
Upcoming cars in March 2021: Jaguar i-Pace, Jeep Wrangler (locally assembled), BMW M340i, and Mercedes-Benz A-Class Limousine will be launched in India this month.
After A Rate Cut Here’s What SBI And Kotak Bank Are Offering On Home Loans - GoodreturnsGoodreturns.in
On March 1, Kotak Mahindra Bank lowered its home loan interest rate by another ten basis points (bps), taking it to 6.65 percent per annum, the cheapest in the segment. The bank stated in a release that this is a discounted rate that will be in place until Ma…
GST officers arrests Advocate for committing ITC fraud of Rs. 50 crore - taxscan.inTaxscan.in
The Goods and Service Tax (GST) officers arrested the Advocate for committing Input Tax Credit (ITC) fraud of Rs. 50 crore.
Lamborghini Urus Sales Hit 100 Units Milestone In India; Company Hopes For Record Sales In 2021 - carandbikeCarandbike.com
The Lamborghini Urus has reached the 100 units sales milestone in India, and the company says that it has achieved the fastest hundred in the super-luxury segment. The company is looking to grow on this momentum in 2021 spearheaded by the Urus.
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.
Twitter tackles COVID-19 vaccine misinformation with labels, strike policy - MoneycontrolMoneycontrol
The social media network started promoting public health information before COVID-19 was declared a global pandemic. It also aimed to remove demonstrably false or misleading content about the virus that had the highest risk of causing harm.
Oil Down, Ahead of Thursday's OPEC+ Meeting By Investing.com - Investing.comInvesting.com
Oil Down, Ahead of Thursday’s OPEC+ Meeting
Bitcoin at 'tipping point,' Citi says as price surges - MoneycontrolMoneycontrol
With the recent embrace of the likes of Tesla Inc and Mastercard Inc, bitcoin could be at the start of a “massive transformation” into the mainstream, the investment bank said.
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.
Stocks To Watch: BPCL, Eicher Motors, Hero MotoCorp, NMDC, Quess Corp - BloombergQuintBloombergQuint
Here are the stocks to watch in trade today...
News 3.9 million J&J COVID Shots to Ship, More Expected Soon - WebMDWebMD
The federal government is shipping 3.9 million doses of Johnson & Johnson’s COVID-19 vaccine starting today. Those doses are all that the company has on hand,
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.
Car manufacturers witness strong growth in sales in India in February 2021 - CarWaleCarwale.com
Apart from the strong demand for personal mobility in the pandemic world, we have also witnessed an improvement in buyer sentiments.
EXPLAINED | Why the NSO has widened India's FY21 GDP contraction forecast - MoneycontrolMoneycontrol
One of the reasons why the government now sees a contraction of 8 percent in FY21, compared to 7.7 percent forecast earlier, is the general government's own estimated lower contribution to economic activity compared to what was forecast earlier.
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
Recent NSE trading glitch not anticipated, cost us immensely: FM Sitharaman - MintLivemint
'Maybe that was an issue of interoperability between the two exchanges, but that is the kind of thing where seamless digital payment is the goal that we have to aspire for,' the FM says
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…
Tata Sales Up By 119% In Feb 2021 - Highest In Nearly 9 Years - GaadiWaadi.comGaadiWaadi.com
Tata recorded 27,225 units in February 2021 as against 12,430 units during the same period in 2020 with a YoY sales growth of 119 per cent