Business news 04 Mar, 2021
Top 10 things to know before the market opens - Moneycontrol.comMoneycontrol
Trends on SGX Nifty indicate a gap-down opening for the index in India with a 218 points loss.
SpaceX Rocket Explodes On Ground After Seemingly Successful Flight - NDTVNDTV News
An unmanned SpaceX rocket exploded on the ground Wednesday after carrying out what had seemed to be a successful flight and landing.
Oil Jumps as Talk of OPEC Rollover Overshadows Humongous US Crude Build By Investing.com - Investing.comInvesting.com
Oil Jumps as Talk of OPEC Rollover Overshadows Humongous U.S. Crude Build
Services sector posts fastest rise in a year in February - Times of IndiaThe Times of India
India Business News: Rising from 52.8 in January to 55.3 in February, the India Services Business Activity Index pointed to the sharpest rate of expansion in output in one
Extreme weather events put $84 billion of Indian bank debt at risk - Business StandardBusiness Standard
Banks flagged exposure to environmentally sensitive businesses including cement, coal, oil and power. They also listed effects of cyclones and floods on loan repayments in farming and related sectors
Una-born Jay Chaudhary among top 10 billionaires in US - The Tribune IndiaThe Tribune India
The 62-year-old CEO and founder of Zscaler was born in Panoh village in 1959
India’s Covid-19 Vaccine Is Found Effective, Boosting National Efforts - The Wall Street JournalThe Wall Street Journal
Bharat Biotech reports 81% efficacy in large clinical trial, aiding vaccination drive and exports
Why Das should heed Buffett on bond yields - MintLivemint
The RBI governor’s attempt to draw a line in the sand on yield curve is not going down well with the bond market.The RBI cannot stop or even slow down the rise in yields without purchasing bonds. But by doing so, it ends up infusing more liquidity at a time w…
S&P 500, Nasdaq fall as high-flying tech stocks slide - Moneycontrol.comMoneycontrol
Microsoft Corp, Apple Inc and Amazon.com Inc dropped 0.9 percent and 1.3 percent, weighing the most on the S&P 500.
Adani Ports plans to gain full control of Gangavaram port soon - MintLivemint
GPL is located in the northern part of Andhra Pradesh next to Vizag Port. .It is the second-largest non-major port in Andhra Pradesh with a 64 million tonne per annum capacity established under a concession from the Government of Andhra Pradesh that extends t…
India to deliver 10 million doses of Astrazeneca COVID-19 vaccine to UK |Latest English News |WION - WIONGoogle News
Honda City-Rivaling Citroen CC26 Sedan Set For Launch In 2023 - GaadiWaadi.comGaadiWaadi.com
Citroen CC26 sedan will likely be launched after the introduction of the CC21 sub-compact SUV and the CC24 mid-size SUV in the Indian market
The Tesla Mafia: How Elon Musk's Ex-Employees Are Becoming His Top Rivals | Forbes - ForbesGoogle News
'Excise duty on petrol, diesel can be reduced by Rs 8.5 a litre without hurting revenues' - Times of IndiaThe Times of India
India Business News: Petrol and diesel prices have touched historic highs following a relentless spike over the past nine months. Currently, a litre of petrol costs Rs 91.
Govt non-committal on Jet Airways historical rights on flight slots - Business StandardBusiness Standard
DGCA and Civil Aviation ministry informed the Mumbai bench of NCLT that Centre will favourably consider application of slots to revive the company
Hyundai i20 Active’s replacement – the Bayon – officially revealed - CarToq.comCarToq.com
Hyundai has revealed the all-new Bayon in the international markets. While there are no comments from Hyundai India on its launch in the Indian market, it is essentially the replacement of the Hyundai i20 Active from the brand’s line-up globally. The Bayon is…
Infosys, Accenture to cover Covid-19 vaccination costs for Indian workers - Times of IndiaThe Times of India
India Business News: Information Technology major Infosys Ltd and consulting and outsourcing services provider Accenture Plc said on Wednesday they would cover Covid-19 va
HDFC slashes home loan interest rates; Change to benefit all existing retail home loan customers - Times NowZoom
HDFC has reduced its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from March 4, 2021
RBI may consider issuing bonds to help soak up foreign money into stocks - MintLivemint
Current laws forbid the RBI from selling its own paper, and budgetary constraints could prevent the government from issuing so-called market stabilization scheme, or MSS, bonds that authorities have used in the past
COVID-19 vaccine doses will available around the clock in India - Business Insider IndiaBusiness Insider India
In a bid to speed up the pace of the coronavirus vaccination drive, Union Health Minister Harsh Vardhan on Wednesday announced that citizens will now be able
Explained: Why Amazon was forced to change its new app icon - The Indian ExpressThe Indian Express
The new logo design of Amazon featured Amazon’s signature curved arrow against a brown background. Several social media users were quick to notice that the jagged edges of the blue tape closely resembled Hitler’s characteristic toothbrush moustache.
Heranba Industries IPO grey market premium jumps sharply this week ahead of listing - Moneycontrol.comMoneycontrol
The company is expected to list its equity shares on March 5. It finalised the IPO share allocation on March 2.
Vistara starts operating flights on Mumbai-Male route - MintLivemint
Vistara will fly three times a week on the route under India's transport bubble agreement with the Republic of Maldives
Maruti Suzuki Discounts March 2021 – Alto, Wagon-R, Swift, Vitara Brezza - GaadiWaadi.comGaadiWaadi.com
Read ahead to know about the discounts and offers on Maruti Suzuki’s Arena range of cars available during March 2021
Tata Signa 3118.T 3-axle 6x2 truck with 31-tonne GVW launched - Team-BHPTeam-BHP
Tata Motors has launched the Signa 3118.T - India’s first 3-axle 6x2 (10 wheeler) rigid truck with 31 tonnes Gross Vehicle Weight (GVW). The truck will be lintroduced in phases across different states and markets. The Tata Signa 3118.
Ratan Tata shares tribute for Tata Group founder, post garners praise - Hindustan TimesHindustan Times
The post is a tribute to Jamsetji Nusserwanji Tata, the founder of the Tata Group, on his birth anniversary.
EPF Interest Rate 2021: Bad news for 6 crore PF subscribers, interest rate reduction likely for FY 2021 - Zee NewsIndia.com
In a recent development, EPF (Employees Provident Fund) interest rate might witness a cut again in the financial year. If this happens, it will be a big blow for more than 6 crore salaried classes. The EPFO Central Board of Trustees (CBT) will meet to decide…
Volvo will only build electric cars by 2030 - Team-BHPTeam-BHP
Volvo plans to phase out all internal combustion engines, including hybrid powertrains and will only produce electric cars by 2030. The carmaker will invest heavily in online sales. However, customers will also be able to order cars through a dealership. Henr…
Mukesh Ambani, Gautam Adani, Shiv Nadar: The wealthiest Indians in global rich list - The Indian ExpressThe Indian Express
Hurun Global Rich List 2021: Forty Indians entered the billionaires’ club in the pandemic-stricken 2020 to take the number of those in the coveted list to 177 people, a report said on Tuesday. Mukesh Ambani continued to be the wealthiest Indian with a networt…
MTAR Technologies IPO Fully Subscribed Within Hours Of Opening - NDTV ProfitNDTV News
MTAR Technologies shares were in huge demand among investors as it received total bids for 91 lakh shares as against 72.60 lakh shares on the offer.
At 17, Elon Musk Had To Be Retested For Computer Aptitude Because... - NDTVNDTV News
Elon Musk's mother, Maye Musk, took to Twitter on Wednesday to share the result of a computer aptitude test that the billionaire entrepreneur took when he was a teenager.
Jaguar gets 22 retail outlets EV-ready ahead of I-PACE launch on March 23 - HT AutoHindustan Times
Jaguar I-PACE gets a 90 kWh lithium-ion battery and has 294 kW of power and 696 Nm torque..Once launched Jaguar I-PACE will rival Mercedes EQC and will eventually also take on Audi e-tron.
Insurance Ombudsman Rules amended: Here’s how customers will benefit - MoneycontrolMoneycontrol
Insurance brokers and agents have also been brought under the purview of the Ombudsman. This means policyholders can now file complaints against these entities as well.
Heranba Industries IPO allotment status finalised: Here's how you can check - CNBCTV18CNBCTV18
The status of the allotment can be checked on BSE and Bigshare Services, the registrar to the issue.Get latest Market online at cnbctv18.com
Reliance Industries, Bharti Airtel spectrum shopping carries share price up; Vodafone Idea stock falls - The Financial ExpressGoogle News
Starlink calling India: All your questions answered about Elon Musk’s revolutionary satellite broadband service - The Financial ExpressGoogle News
Easy Trip Planners Rs 510-cr IPO opens Mar 8, grey market premium soars; check price band, bid lot size - The Financial ExpressGoogle News
Gold Down Alongside Falling US Treasury Yields By Investing.com - Investing.comInvesting.com
Gold Down Alongside Falling U.S. Treasury Yields
Ircon International share slips nearly 7% as govt to divest stake via OFS - Moneycontrol.comMoneycontrol
The share touched a 52-week high of Rs 108.40 and a 52-week low of Rs 58.20 on 11 February 2021 and 24 March 2020, respectively.
2021 Kawasaki Ninja 300 launched in India - HT AutoHindustan Times
With the latest update, the Kawasaki Ninja 300 has received three new paint schemes and a BS 6-compliant powertrain.
Deliveries Of Renault Kiger Compact SUV Commence In India - GaadiWaadi.comGaadiWaadi.com
Renault India has finally begun deliveries of the all-new Kiger, and the waiting period extends up to 8 weeks in some cities
Gold prices today tumble to lowest in 10 months, down ₹11,000 from record high - MintLivemint
Gold prices are down for the sixth day in previous seven days.Silver rates also fell sharply
Buy or Sell: Stock ideas by experts for March 03, 2021 - Economic TimesThe Times of India
ET Now spoke to various experts and here's what they have to recommend for today's trading session.
Stocks to watch: Ircon Intl, Ion Exchange, YES Bank, Ruchi Soya, BoB, RIL - Business StandardBusiness Standard
YES Bank's shareholders have approved a proposal for raising Rs 10,000 crore capital
Top gainers on BSE-500: 10 stocks that surged the most since February 15 - CNBCTV18CNBCTV18
Here's a look at 10 stocks that gained the most on the BSE-500 from February 15 to 26.Get latest Business online at cnbctv18.com
Top 12 things to know before the market opens - Moneycontrol.comMoneycontrol
Trends on SGX Nifty indicate a positive opening for the index in India with a 16 points gain.
Exports slip into negative zone in Feb as core shipments slow - The Indian ExpressThe Indian Express
Exports had crashed between March and May 2020, as the government was forced to impose a stringent lockdown to battle the pandemic.
NRL sale wont help BPCL valuation; proceeds to go as special dividend - Business StandardBusiness Standard
The BPCL board had cleared the bids submitted by the OIL-headed consortium on March 1
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.
Gadkari Woos Tesla For Local Manufacturing Of EVs, Says Govt Will Ensure Production Cost Even Lower Than China - SwarajyaSwarajya
Tesla has earlier this year registered a company in India.
How is the Johnson & Johnson vaccine different from the others? A virologist explains - Scroll.inScroll.in
It is the difference that could make it a huge help to global vaccination efforts.
How a 10-second video clip sold for $6.6 million or 66 lakhs - The Indian ExpressThe Indian Express
Blockchain technology allows the items to be publicly authenticated as one-of-a-kind, unlike traditional online objects which can be endlessly reproduced.
Good News For International Passengers: IATA to Launch Travel Pass For Them by March-end - India.comIndia.com
According to updates, the IATA Travel Pass will be a mobile app to help passengers easily and securely manage their travel in line with government requirements for COVID-19 tests or vaccines.
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.
Microsoft's 10 Biggest Azure Announcements At Ignite 2021 - CRNCRN
The Microsoft Ignite 2021 conference includes Microsoft Azure announcements such as the Azure Percept platform and tools for Azure migrations.
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…
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.
Vi (Vodafone Idea) Bought Spectrum in 5 Circles Only, Waiting for 5G Spectrum Auctions Eagerly - TelecomTalkTelecomTALK
Vodafone Idea stayed low-key during the 4G spectrum auctions 2021 and focused mainly on renewing the spectrum that was expiring soon.
RBI restricting banks from raising stakes in insurance firms: Report - MintLivemint
The RBI wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20%, less than half of what the current regulations permit, the report said.The move comes at a time when India is keen to woo foreign investment in its insura…
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…
Bajaj Auto unveils new Platina 100 Electric Start: Check price, features and more - Zee NewsIndia.com
The bike gets an electric start (ES) system and is only Rs 800 costlier than the kickstart variant that gets a price tag of Rs 53,120 (ex-showroom, Delhi). This makes Platina 100 ES the cheapest bike in India to get an electric start system.
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.
The crash at NSE: what happened, and who was impacted? - The Indian ExpressThe Indian Express
Given that this came a day before the monthly expiry of derivative contracts in the crucial Budget month, the trading halt and subsequent opening of the market for an extended time created significant volatility.
Elon Musk’s Starlink satellite internet service expected in India in 2022 - MintLivemint
The option to pre-book Starlink services is available to Indian users on the website at a refundable amount of $99 (around ₹7,265)
BPCL To Reward Shareholders Post Numaligarh Refinery Sale - BloombergQuintBloombergQuint
BPCL will hold an extraordinary general meet on March 25.
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 …
Auto stocks in sharp rally amid monthly sales data; Mahindra, Tata Motors, Hero MotoCorp in the fast lane - IndiainfolineIndiainfoline
Heavyweight stocks were in the fast lane which led the overall sector to outperform against benchmarks.
European markets close higher as U.S. bond yields stabilize - CNBCCNBC
European stocks closed higher on Tuesday, building on the previous session's rally as concern over rising U.S. bond yields stabilized.
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…