Business news 05 Mar, 2021
Buzzing Stocks | Wipro, Unichem Labs, Balrampur Chini Mills, Laurus Labs, Jagran Prakashan, GG... - Moneycontrol.comMoneycontrol
Heranba Industries, Unichem Labs, B L Kashyap and Sons, Balrampur Chini Mills, Igarashi Motors India, Nitin Spinners, RCL Retail, ISGEC Heavy Engineering are also among the stocks in focus today.
Oz warns of deportation post attacks on Sikhs - The Tribune IndiaThe Tribune India
Instances of intimidation ahead of roundtable on farm laws in Parliament
Upcoming Jeep H6 7-seat SUV spied alongside Compass & Renegade - CarToq.comCarToq.com
Jeep India is working on multiple SUVs for India. One of them is the 7-seater SUV which has been codenamed H6. The new SUV will also be offered as a left-hand drive and the new SUV has been spied on the international roads. Here are some of the new spy shots …
SBI mega property e-auction across India starts today: Key things to know - MintLivemint
SBI mega property e-auction: The bidding price will be lower than the actual market value.SBI has put up the mortgage assets of loan defaulters to recover the dues through this e-auction
Cognizant announces 'substantially higher' bonus, promotes 24000 employees - MintLivemint
The step, aimed at helping the company stem attrition, will also see Cognizant moving to a quarterly promotion cycle for billable employees at the senior associate level and below, starting in the June quarter of 2021
Stocks Slump as Treasury Yields Top 1.5% on Powell: Markets Wrap - BloombergQuintBloombergQuint
Stocks dropped in Japan, South Korea and Australia, while S&P 500 futures saw modest declines.
Case to get petrol, diesel under the ambit of GST - Hindustan TimesHindustan Times
At a time when petrol and diesel prices are at an all-time high, and taxes have a bigger component in the retail price than the base price of the fuels, it is worth revisiting the debate
Why home loan rates are falling, and what the buyer should do - The Indian ExpressThe Indian Express
While State Bank of India, HDFC and Kotak Mahindra Bank slashed housing loan rates to the lowest level in nearly 15 years, other lenders are gearing up to join the race.
EPFO liquidates equity outlay, retains 8.5% payout for FY21 - Times of IndiaThe Times of India
India Business News: The decision was taken at a meeting of the EPFO’s central board of trustees headed by labour minister Santosh Gangwar. It will need to be endorsed by
Fuel retailers may cut rates in run-up to polls - Hindustan TimesHindustan Times
While the base price of petrol is ₹33.26 per litre, it attracts ₹32.90 a litre central excise and ₹21.04 per litre local levies in Delhi.
Sebi should probe Franklin, not ED or cops, says Amfi - MintLivemint
Amfi had earlier questioned the FIR and said that the investigation of such offences must rest with the markets regulator
Bharat Biotech's nasal vaccine for Covid-19 likely to be a game-changer. Here's why - India TodayIndia Today
If approved after clinical trials, the nasal vaccine developed by Bharat Biotech could prove to be a game-changer. Sneha Mordani explains why.
More women borrowed personal loans in pandemic: CRIF High Mark - MoneycontrolMoneycontrol
The active loans to women borrowers stood at 6,482 in the personal loan segment, as against 4,354 home loans, while auto loans witnessed a 4 percent de-growth to 1,818 women borrowers, the report released in the run-up to the women's day said.
Skoda Kushaq compact SUV’s interior sketches officially revealed - CarToq.comCarToq.com
Skoda Auto India is working on launching the first vehicle under their India 2.0 Plan. They will be launching the new mid-size SUV, Kushaq on March 18th. While the exterior of the new SUV has been spied numerous times wearing camouflage, the interior of the S…
Wipro to acquire UK-based consultancy firm Capco for $ 1.45 bn - MintLivemint
London-based Capco serves banking and financial institutions across the Americas, Europe and Asia-Pacific regions.With the acquisition, Wipro claims to become 'one of the largest providers of integrated, end-to-end consulting, digital, cloud and IT transforma…
MTAR Technologies IPO Day 2: Issue subscribed 10.26 times, HNIs portion booked 8 times - Moneycontrol.comMoneycontrol
The company’s wide product portfolio catering to customers in diverse segments and surplus order book of Rs 336 crore would enable it to leverage its overall operating efficiency in the upcoming years, BP Equities said.
Super Specialty hospital, hotel, land parcels: Over 500 properties up for sale in SBI’s mega e-auction - MoneycontrolMoneycontrol
SBI will conduct what it calls a mega e-auction on March 5 (Friday). Bank auction properties can offer 20-23 percent discount to market rates. But, the buyer needs to evaluate the property carefully.
Rival telcos’ deft moves in spectrum auction may compound Vodafone Idea’s woes: Report - The Indian ExpressThe Indian Express
Vodafone Idea has acquired spectrum to cover minor gaps in five circles for Rs 1,993.4 crore, while Bharti Airtel shelled-out nearly Rs 18,700 crore for 355.45 MHz radiowaves and Reliance Jio a whopping Rs 57,123 crore for 488.35 MHz spectrum.
If brought under GST, petrol price can come down to Rs 75, diesel to Rs 68 per litre - Times of IndiaThe Times of India
India Business News: Petrol and diesel prices have touched record highs over the past nine months following spike in international crude rates. However, according to a rep
Nifty Could Again Decline Tomorrow as US Bond Yields Creeps up Again - Investing.com IndiaInvesting.com
The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.
71% of India Inc optimistic about economic recovery in 2021, higher than global average - MoneycontrolMoneycontrol
Among Indian business leaders, 65 percent are expecting a growth in exports in 2021, a Grant Thornton report has stated.
Rahul Bhasin on where to look for big returns over next 5-10 years - Economic TimesThe Times of India
‘We are going to embark on that next growth cycle for India and that is pretty much here.
Stock Market Highlights: Sensex sheds 598 points, Nifty ends below 15,100 dragged by metals, banks - CNBCTV18CNBCTV18
Stock Market Highlights: The Indian equity benchmark indices, Sensex and Nifty ended over a percent lower on Thursday, snapping 3 sessions of gains as another spike in bond yields weighed on the overall global market sentiment. Domestically, broad-based selli…
Walmart’s Flipkart Considers U.S. Listing With SPAC as Option - BloombergQuintBloombergQuint
Flipkart could seek a valuation of at least $35 billion in a blank-check transaction, the people said.
Delhi HC asks Serum Institute, Bharat Biotech to disclose capacity to manufacture COVID-19 vaccines - MoneycontrolMoneycontrol
The high court also asked the Centre to explain in affidavit the rationale behind keeping strict control over class of persons who can be vaccinated against COVID-19 currently as under the present system those above the age of 60 years or between 45 to 60 yea…
Maruti Vitara Brezza Crosses 6 Lakh Sales Milestone In India - GaadiWaadi.comGaadiWaadi.com
Maruti Suzuki Vitara Brezza reached six lakh sales milestone within five years of its market debut and is currently sold only with a petrol engine
2021 Bajaj Platina 110 ABS Launched In India; Priced At Rs. 65,926 - GaadiWaadi.comGaadiWaadi.com
Bajaj Platina 110 ABS continues to be powered by the 115 cc single-cylinder engine producing 8.6 PS at 7,000 rpm and 9.81 Nm at 5,000 rpm
What went wrong as SpaceXs Starship rocket explodes after landing? Watch - Republic TVRepublic World
SpaceX founder Elon Musk chose to look on the brighter side after the first major flight test of the Mars-bound starship prototype, SN10 remained unsuccessful.
No need to visit RTO as 18 services including learner’s licence, renewal moved online - Times NowZoom
Road Transport Ministry notified Aadhar-based authentication of 18 services including learner’s licence, licence renewal, duplicate license so that applicants do not need to visit regional RTO offices
TCS introduces solutions for COVID-19 testing, vaccine management - MoneycontrolMoneycontrol
There is an opportunity to provide a seamless process across the entire value chain to prevent issues that could slow down testing and vaccinations, TCS said.
Razorpay announces $10-million ESOP buyback - Moneycontrol.comMoneycontrol
Sequoia Capital and sovereign wealth fund GIC are the investors buying back the ESOPs that will benefit 750 current and former employees.
Tata Tiago XTA Variant Launched In India; Priced At Rs. 5.99 Lakh - carandbikeCarandbike.com
The new XTA variant is the fourth AMT offering in the Tata Tiago line-up for the Indian market. It is priced at Rs. 5.99 lakh (ex-showroom, Delhi).
One million customers of other banks are using ICICI Bank's ‘iMobile Pay’ - MintLivemint
To start using ‘iMobile Pay’, customers of any bank can link their bank account with the app, generate a UPI ID.Along with the payment services, ‘iMobile Pay’ also allows customers to open an ICICI Bank savings account digitally and instantly
Heranba Industries listing day strategy: Strong grey market premium; book profits or hold for long-term? - The Financial ExpressGoogle News
‘Back off from petty war or pay up’: Traders body shoots off hard-hitting letter to Amazon founder... - Moneycontrol.comMoneycontrol
The All India Consumer Products Distributors Federation, which said it represents 10 lakh stockists, suppliers and distributors of FMCG goods, cautions Amazon India against blocking Future-Reliance deal.
Morgan Stanley Upgrades PNB, BoB; Says SBI Top Pick Among PSU Banks - BloombergQuintBloombergQuint
Morgan Stanley prefers SBI to play the economic recovery cycle; sees structural woes for other state-run banks under its coverage.
IRCON International stock steady as OFS issue opens for retail investors today - IndiainfolineIndiainfoline
The offer for sale (OFS) of Ircon International was oversubscribed on the first day of issue by institutional investors.
Infosys Will Double Canada Headcount To 4,000 By 2023 - MoneycontrolMoneycontrol
The company will add 500 people in Calgary over the next three years and will hire tech talent from fourteen educational institutions, Infosys has said.
Commodity strategies: Gold, silver, crude oil, base metals - Economic TimesThe Times of India
The strength index RSI for MCX Gold is hovering in the oversold zone (28) that might limit more downside in gold prices.
Welspun India's board approves raising up to $100 mn - MintLivemint
Board of directors approved raising of up to a maximum of $100 million in one or more form or instruments, including but not limited to loans, ESG Bonds, NCDs, ECBs, etc
India Gets its 1st Street Lamp Mounted EV Chargers, ChargeGrid Flare Installed in Mumbai and Delhi - News18News18
HPCL and Magenta has inaugurated “ChargeGrid Flare”, a street lamp integrated charger, at HPCL Bandra Kurla Complex outlet in Mumbai and Nitimarg T&E outlet in Delhi.
Mahindra Logistics’ Stock Jumps To Two-Year High After Bajaj Electricals Deal - BloombergQuintBloombergQuint
Shares of Mahindra Logistics surged to their highest in two years, while Bajaj Electricals’ stock jumped to a record high.
Gold Down, as Rising Yields Strips Some of Yellow Metal's Lustre By Investing.com - Investing.comInvesting.com
Gold Down, as Rising Yields Strips Some of Yellow Metal’s Lustre
'We look forward...': Canada's message after receiving vaccine doses from India - Hindustan TimesHindustan Times
Earlier this month, Canadian Prime Minister Justin Trudeau had reached out to Prime Minister Narendra Modi and requested a shipment of Covid-19 vaccines and PM Modi had assured his Canadian counterpart of full cooperation.
TCS, Infosys, Accenture, SBI among others to bear Covid-19 vaccination cost of employees and family - Times NowZoom
Large companies such as Tata Consultancy Services (TCS), Infosys, Accenture, RPG Group and state-run lender SBI have decided to bear the cost of Covid-19 vaccination for employees and their dependents.
Bharat Biotech says Covid-19 vaccine shows 81% interim efficacy - ETHealthworld.comThe Times of India
The trials involved 25,800 participants and was conducted in partnership with the Indian government's medical research body.
Hurun India Rich List 2021: Interesting facts about billionaires in India - CNBCTV18CNBCTV18
Here are some interesting details that emerged from the Hurun Rich List 2021 that was released on Tuesday.Get latest Business online at cnbctv18.com
CERAWeek: India pushes for responsible pricing by oil producers - Moneycontrol.comMoneycontrol
"We need a reasonable price and responsible price of energy," Petroleum Minister Dharmendra Pradhan said
All-new 2021 Tata Safari imagined as an electric SUV - CarToq.comCarToq.com
Tata Motors recently launched their new flagship SUV, the Safari. They also have just delivered 100 units of the new SUV in Delhi-NCR. The new SUV is performing well, many purists were disappointed that the Safari was not offered as an all-wheel-drive vehicle…
Cheapest home loan interest rates: SBI vs Kotak Mahindra Bank vs HDFC - MintLivemint
State Bank of India (SBI), Kotak Mahindra Bank, HDFC have reduced the interest on home loan rates
Stocks to Watch: Welspun, Reliance Power, Mahindra Logistics, HDFC - MintLivemint
Mahindra Logistics Ltd signed a five-year, ₹1,000 crore agreement with Bajaj Electricals Ltd for logistics optimisation and outsourcing arrangement.
Top stocks in focus: Adani Ports, Canara Bank, IRCTC, IRCON - IndiainfolineIndiainfoline
Check out the stocks that will be in focus during trade today based on recent and latest news developments.
Cashify raises $15 million for its second-hand smartphone business in India - TechCrunchTechCrunch
Tens of millions of people each year purchase a second-hand smartphone in India, the world’s second-largest market. Phone makers and giant online sellers such as Amazon and Flipkart are aware of it, but it’s too much of a hassle for them to inspect, repair an…
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
Infosys, Accenture to cover Covid-19 vaccination costs for Indian employees - Hindustan TimesHindustan Times
India's vaccination campaign ramped up on Monday, with people above the age of 60, and individuals 45 or older suffering from certain medical conditions, now eligible for shots.
India to deliver 10 million doses of Astrazeneca COVID-19 vaccine to UK |Latest English News |WION - WIONGoogle News
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…
Ratan Tata inaugurates exhibition at Steelenium Hall inside Jamshedpur Works - Avenue MailAvenuemail.in
Ratan Tata inaugurates exhibition at Steelenium Hall inside Jamshedpur Works | Jamshedpur News | The Avenue Mail
Will it make sense to invest in VPF after changes in tax rules kick in? - MintLivemint
Voluntary provident fund (VPF) continues to be attractive in the current scheme of things as the interest rate on various other instruments have come down drastically.Even the tax-free bonds are giving a yield of 4.5% which is lower than the post-tax return o…
‘Sub-standard range’: Delhi govt suspends subsidy on Nexon EV, Tata Motors retorts - Times of IndiaThe Times of India
Cars News: Tata Nexon EV, the most-affordable electric SUV is priced between Rs 13.99 lakh and Rs 16.40 lakh (ex-showroom, Delhi). The EV is fitted with a 30.2 k
MTAR Technologies IPO News: Check allotment status finalisation, listing date and how to check share subscr... - Zee BusinessZee Business
Here is all you need to know about MTAR Technologies IPO allotment status finalisation date, listing date and how to check share subscription:-
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.
Accenture in India to cover COVID-19 vaccination cost for employees and their dependents - MoneycontrolMoneycontrol
The cost of vaccination for employees and their dependent family members would be covered under the medical benefits program.
Renault Kiger off to strong start, 1,100 units delivered on opening day of sales - HT AutoHindustan Times
Renault Kiger was officially launched in February and takes on a long list of rivals in the sub-compact SUV segment..Kiger is offered in two petrol engine and three transmission options.
Gold Prices Down Rs 11,000 From Record Highs Amid Uncertain Global Cues - GoodreturnsGoodreturns.in
Due to poor global cues and following international markets, gold and silver were seen trading lower in India. Gold and silver futures dropped as firm US treasury yields continued to weigh on the non-yielding bullion. In the previous seven days, this was thei…
Reliance Industries, Bharti Airtel spectrum shopping carries share price up; Vodafone Idea stock falls - 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
Flipkart Marketplace to facilitate contactless grocery shopping in Jaipur - KnocksenseKnocksense
Flipkart Marketplace allows you to buy your supplies from anywhere at any time.