Business news 05 Feb, 2021
PayPal is shutting down domestic payments business in India - TechCrunchTechCrunch
PayPal is shutting down its domestic business in India, less than four years after the American giant kickstarted local operations in the world’s second largest internet market. “From 1 April 2021, we will focus all our attention on enabling more internationa…
A Mugging-Style Cyber Attack That Hit A Stock Exchange, Yes Bank, Others - NDTVNDTV News
The website of the New Zealand Stock Exchange slowed to a crawl on a Tuesday afternoon in August. It was so badly throttled that the exchange couldn't post market announcements, as required by financial regulators. So with an hour left for trading, management…
Stove Kraft share price climbs 29% on listing day: What should investors do? - Moneycontrol.comMoneycontrol
"We are cautious about its valuation. Company's brand value, margins and return on capital are lower than its peers," Keshav Lahoti of Angel Broking said.
ASCI claims that Nissan Magnite ad is misleading - CarToq.comCarToq.com
ASCI or better known as Advertising Standards Council Of India had reached out to Nissan Motor India Pvt. Ltd. claiming that the manufacturer is falsely advertising their latest compact-SUV that launched in the Indian market, Magnite. Mr Kumal Prakash says th…
Brookfield REIT IPO subscribed 2 times, institutional investors portion fully booked on final day - Moneycontrol.comMoneycontrol
Brookfield REIT offering is a great indicator of the strong future that commercial real estate has in India, said Tushar Rane Executive Director - Capital Markets at Knight Frank India.
Why India's coronavirus cases have fallen so sharply - Times of IndiaThe Times of India
India News: NEW DELHI: With its 1.
RBI monetary policy | Shaktikanta Das delivers on his promise to lend a hand to shore up economy - Moneycontrol.comMoneycontrol
At this point, the tone of the monetary policy is growth, and not inflation, and rightly so.
Bajaj Electricals share price jumps 13%, hits 52-week high as Q3 profit surges 948% - Moneycontrol.comMoneycontrol
The consumer electronics firm posted a 948 percent year-on-year (YoY) jump in the December quarter (Q3) consolidated net profit at Rs 98.2 crore. The company had posted a profit of Rs 9.37 crore in the year-ago period.
PhonePe gives shares worth over Rs 3 lakh to every employee - Times of IndiaThe Times of India
India Business News: In one of the largest employee stock ownership plans (ESOP) by a startup, payments major PhonePe has issued shares worth over $200 million or Rs 1,500
ICICI Bank signs MoU with Japan's MUFG Bank - MintLivemint
ICICI Bank and MUFG Bank will combine strengths to cater to banking requirements of Japanese corporates present in India.Japan is the fifth largest investor in India’s economy with cumulative FDI inflows of $34.15 billion from April 2000 to September 2020
NTPC Q3 Profit Soars to Rs 3,315 crore, Announces Interim Dividend - News18News18
India's largest energy conglomerate – NTPC Limited, formerly known as the National Thermal Power Corporation Limited (NTPC), on Thursday reported a net profit of Rs 3,315 crore for the quarter which ended on December 31, 2020 (Q3 FY21).
Pfizer Withdraws Emergency Use Request For Its Covid Vaccine In India - NDTVNDTV News
Pharma major Pfizer on Friday said it has decided to withdraw its application for Emergency Use Authorisation (EUA) of its COVID-19 vaccine in India.
Samsung considers Austin for $17 billion chip plant, eyes tax breaks of at least $806 million - WIONYouTube
Samsung Electronics Co Ltd is considering Austin, Texas, as one of the sites for a new $17 billion chip plant that the South Korean firm said could create 1,...
Maserati Ghibli 2021 launched at ₹1.15 cr, gets 2.0 l hybrid engine - HT AutoHindustan Times
Maserati Ghibli 2021 gets a long list of updates which include design changes on the outside and a larger infotainment system in the cabin.
All banks to have Cheque Truncation System by September 2021: RBI Governor - MintLivemint
RBI Governor Shaktikanta Das said that around 18,000 banks are still not under the Cheque Truncation System.Under this process, the issuer of the cheque submits electronically details related to the cheque presented for clearing
PSU Bank index up 31% in 1 wk on strong SBI Q3 results, privatization hope - Business StandardBusiness Standard
SBI, Indian Bank, Bank of Baroda, Canara Bank, Punjab National Bank and Bank of India were rallied between 25 per cent and 50 per cent in past one week.
SBI shares surge to record high as analysts hike target price after Q3 results - MintLivemint
The economic revival is coming back with a vengeance, SBI’s Chairman Dinesh Khara said in a post-earnings media call
Tata Model Wise Jan 2021 Sales - Tiago, Tigor, Nexon, Harrier, Altroz - GaadiWaadi.comGaadiWaadi.com
Tata impressed yet again with 94 per cent growth in January 2021 courtesy of the highest monthly sales yet for Nexon and Altroz
Budget done, here's what you must do with your investments - Moneycontrol.comMoneycontrol
You can take some profits if your asset allocation demands so
Oil prices rise to highest in a year - Khaleej Timeswknd.
Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains this week, boosted by the continued commitment of pro...
When Will Life Return To Normal? In 7 Years At Today's Vaccination Rate - NDTVNDTV News
When will the pandemic end? It's the question hanging over just about everything since Covid-19 took over the world last year. The answer can be measured in vaccinations.
Maruti Swift Facelift To Launch This Month In India - GaadiWaadi.comGaadiWaadi.com
Apart from changes to the design, the Maruti Swift facelift is expected to get a more powerful 1.2-litre petrol engine
US FDA gearing up for rapid review of potential COVID-19 booster shots - MoneycontrolMoneycontrol
Dr. Janet Woodcock, acting commissioner of the FDA, said that if new variants of the coronavirus emerge that require booster shots or changes to vaccines, the agency will not require the type of large trials that were required for emergency use authorization …
Stocks in focus: Britannia, PNB, M&M, Stove Kraft, Bharti Airtel, IOCL, HPCL, rate sensitive stocks - The Financial ExpressGoogle News
Results: Zee Entertainment posts Q3 net profit of Rs 398 crore - Free Press JournalFree Press Journal
Stocks to Watch: SBI, Reliance Industries, Mahindra & Mahindra, Airtel, banks - MintLivemint
Britannia Industries, Mahindra & Mahindra, Punjab National Bank, Mrs Bectors Food Specialities, Cadila Healthcare, Pfizer, RCF, Shipping Corporation are among the 127 companies scheduled to release their quarterly earnings today
Trade Spotlight: What should investors do with Indian Bank, Adani Enterprises and Apollo Tyres? - Moneycontrol.comMoneycontrol
Stocks like Indian Bank rose over 16 percent and hit a 52-week high of Rs 120.80, Adani Enterprises gained over 4 percent, and Apollo Tyres closed with gains of more than 7 percent were some of the stocks in focus on Thursday.
Securities market ban on Biyani won't impact Future-Reliance deal - Free Press JournalFree Press Journal
Hero MotoCorp Q3 net profit jumps 23%; company declares interim dividend - Moneycontrol.comMoneycontrol
The board of directors declared an interim dividend at 3250% i.e. Rs 65 per equity share (face value of Rs 2 per equity share) for the financial year 2020-21.
M&M to announce Q3 earnings today: Here's what to watch out for - Moneycontrol.comMoneycontrol
Overall volumes increased by 3 percent year-on-year in Q3FY21 led by 20 percent YoY increase in tractor volumes, though automobile volumes fell by 8 percent YoY.
Over 1,500 Mahindra Thar Recalled For Potential Defect In Camshaft - GaadiWaadi.comGaadiWaadi.com
The camshaft of the new Mahindra Thar was found to have not been machined as per the design and it could result in pressure drop in fuel line
Explained: Your PF and new tax on interest - The Indian ExpressThe Indian Express
Part of the Budget proposals, the tax will be on interest earned on contributions above Rs 2.5 lakh in a year. It will be applicable for perpetuity; what should you do if your contribution is above the threshold?
India's vaccine diplomacy reaches 17 nations, 56 lakh doses supplied in good faith - India TodayIndia Today
India plans to give doses of Covid-19 vaccines to CARICOM countries, Nicaragua and the Pacific Island states over the next few states, MEA spokesperson Anurag Srivastava said.
Covid vaccines 'superbly safe', adverse events 0.18% of total vaccinations: Centre - India TodayIndia Today
None of the deaths of healthcare workers have been attributed to coronavirus vaccines approved for emergency use in India, Dr VK Paul told reporters during a press conference on Thursday.
Neuralink May Start Human Implants Later This Year, Elon Musk Says - FuturismFuturism
Elon Musk once again says Neuralink is almost ready to experiment on humans.
Wall Street rises as focus turns to stimulus, corporate earnings, Dow up 200 pts - MintLivemint
All the three major indexes have bounced back sharply this week as investors monitored talks over the next round of fiscal stimulus and as a recent buying frenzy driven by social media appeared to stall following a bout of market volatility last week
Strides Pharma Standalone December 2020 Net Sales at Rs 421.09 crore, up 15.53% Y-o-Y - Moneycontrol.comMoneycontrol
BSE m-cap crosses historic Rs 200 lakh crore-mark - Times of IndiaThe Times of India
India Business News: The market capitalisation (m-cap) of BSE-listed companies on Thursday crossed the historic Rs 200 lakh crore mark for the first time, driven by a cont
Microsoft unveils new Employee Experience Platform — Microsoft Viva — to help people thrive at work - Stories - MicrosoftMicrosoft.com
Company reimagines fragmented $300 billion market to bring tools for employee communications, wellbeing, learning and knowledge discovery into the flow of work REDMOND, Wash. — Feb. 4, 2021 — Microsoft Corp. on Thursday announced Microsoft Viva, the first emp…
IRFC mops up $750 million in maiden bond sale after initial public offering - Business StandardBusiness Standard
IRFC had a bumper IPO last month
Tata Power Q3 profit up 22% at Rs 318 crore - Moneycontrol.comMoneycontrol
The net profit in the year-ago period was Rs 260.10 crore, Tata Power said in a BSE filing.
Amazon's upcoming CEO backs the company's troubled game studio - GSMArena.com news - GSMArena.comGSMArena.com
Andy Jassy, who will take over from Jeff Bezos later this year, has expressed support for Amazon Game Studios, following a damning Bloomberg report.
Explained: Why is the Delhi High Court order on Future Group-Amazon dispute important? - The Indian ExpressThe Indian Express
The high court also held that the order of the emergency arbitrator was not a nullity as claimed by Future Retail and Reliance Retail and that it was enforceable under Indian laws.
TVS iQube Electric Scooter Launched In New Delhi; Priced At Rs. 1.08 Lakh - carandbikeCarandbike.com
The iQube Electric Scooter is the first premium electric scooter to be available in Delhi, compared to its rivals, the Bajaj Chetak and Ather 450X.
Second Covid-19 vaccine shot to be administered from Feb 13 - Hindustan TimesHindustan Times
As per the government, 45,93,427 beneficiaries have been vaccinated against Covid-19 till 1:30pm on Thursday.
BHEL commissions 800 MW unit at Gadarwara project in Madhya Pradesh - Moneycontrol.comMoneycontrol
BHEL is India’s largest manufacturer of power generating equipment with an installed base of over 1,90,000 MW of power equipment globally.
Elon Musk, Back On Twitter, Turns His Support To Cryptocurrency Dogecoin - NDTVNDTV News
Cryptocurrency Dogecoin surged more than 50 per cent on Thursday after billionaire entrepreneur Elon Musk tweeted his support for it, two days after he said he was to take a break from Twitter "for a while"
Toyota Fortuner Facelift And Legender Cross 5,000 Bookings In India - GaadiWaadi.comGaadiWaadi.com
Within a month of its launch, the 2021 Toyota Fortuner (including Fortuner Legender), has managed to garner over 5,000 bookings in our market
World faces around 4,000 Covid-19 variants as researchers explore mixed vaccine shots - Times of IndiaThe Times of India
UK News: The world faces around 4,000 variants of the virus that causes Covid-19, prompting a race to improve vaccines, Britain said on Thursday, as researcher
Worrying: Ministry lists 8 states/UTs with high Covid-19 positivity rate - Hindustan TimesHindustan Times
Chandigarh, Puducherry have higher Covid-19 weekly positivity rate than the national average.
Mahindra Thar recalled in India over possible camshaft issue - HT AutoHindustan Times
Affected Thar customers will have to bring the vehicle to the authorised Mahindra service centres, where the model will be inspected and needed repairs will be carried out free of charge.
India’s 5 best selling cars in 2021 are all Maruti Suzukis - CarToq.comCarToq.com
Maruti Suzuki is the automotive market leader in India. They still are leading the sales numbers when it comes to the January sales. Yes, there has been a percentage decrease when it comes to Jan-21 market share as compared to Jan-20 market share. It used to …
Britannia Q3 preview: Analysts see 20%YoY jump in PAT, 9% volume growth - Business StandardBusiness Standard
Sustained rural demand due to better rural economics driven by a strong kharif and rabi seasons, analysts at Sharekhan believe an over 9 per cent sales' volume growth may support overall numbers
Tata Safari 2021 pre-bookings starts at ₹30,000 — here are all the details from price to features and much mor - Business Insider IndiaBusiness Insider India
Tata Motors opened bookings for its flagship SUV, the all-new Safari,for a token amount of ₹30,000. The deliveries are set to commence from February 22, and
MPL scores $95 Mn in Series D round at a valuation of $945 Mn - EntrackrEntrackr
Mobile Premier League or MPL has scooped up $95 million in its Series D round led by Composite Capital and Moore Strategic Ventures with participation from Base Partners, RTP Global, SIG, Go-Ventures, Telstra Ventures, Founders circle and Play Ventures. The B…
Cognizant reports 2.3% year-on-year decline in revenue in December quarter - Moneycontrol.comMoneycontrol
This decline comes at a time when its Indian peers TCS, Infosys, Wipro and HCL Tech have posted strong growth on the back of improving demand environment, deals wins.
MRF stock on course to hit Rs 100,000-mark. Is it a good time to buy? - Business StandardBusiness Standard
The monthly chart shows a strong bullish sentiment if the stock closes above 95,000 levels
Future Retail v. Amazon: Delhi High Court hears FRL's appeal against status quo order [LIVE UPDATES] - Bar & Bench - Indian Legal NewsBar & Bench - Indian Legal News
The Delhi High Court is hearing the appeal filed by Future Retail Limited (FRL) against the Court's order passed earlier this week directing status quo on FRL's deal with Reliance.
RIL's unit to sell Marcellus shale assets for $250 million - Times of IndiaThe Times of India
India Business News: Reliance Industries Ltd (RIL) said on Thursday its unit will sell its interest in certain upstream assets in the Marcellus shale in the United States
Procter & Gamble share price hits 52-week high after Q2 profit jumps 84% - Moneycontrol.comMoneycontrol
The FMCG firm reported a net profit to Rs 250.62 crore up from Rs 135.93 crore in the year-ago period.
Buy or Sell: Stock ideas by experts for February 04, 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.
Kishore Biyani says SEBI ban won't stop Future Group's deal with Reliance - Business Insider IndiaBusiness Insider India
Kishore Biyani has been banned from accessing the securities market for a year by India’s market regulator Securities and Exchange Board of India. However,
Top stocks in focus: Bharti Airtel, Hero MotoCorp, Future Group, Jubilant Foodworks, P&G - IndiainfolineIndiainfoline
Check out the stocks that will be in focus during trade today based on recent and latest news developments.
Ujjivan SFB reports net loss of Rs 279 cr in Q3 on higher provisioning - Business StandardBusiness Standard
The bank had posted a net profit of Rs 90 crore in the October-December quarter of 2019-20
Home First Finance shares see profit-booking, close with just 1.8% gains on listing day - Moneycontrol.comMoneycontrol
Home First traded with more than 2.45 crore shares on the NSE and 20.26 lakh shares on the BSE.
What the Indigo Paints IPO has in common with GameStop frenzy - MintLivemint
Much like GameStop, Indigo Paints has ceased to be a mere paints stock. Its shares are rising only because it got the necessary support from the markets ecosystem, which pushed it as a great IPO, to be bought at any cost.
Mahindra Cars Become Dearer; XUV300, Scorpio, Marazzo And XUV500 Affected - CarDekhoCardekho.com
The Thar witnessed a hike earlier in January while the prices of the Alturas remain unchanged The XUV300 sees the highest price hike of up to Rs 65,000. The sub-compact SUV recently got the petrol-AMT option along with new features for select variants…