Business news 07 Mar, 2021
George Muthoot death: AIIMS Forensic dept to probe cause of death - The News MinuteThe News Minute
The Forensic Department of the All India Institute of Medical Sciences (AIIMS) in Delhi has constituted a medical board of three senior doctors to probe the cause of death of MG George Muthoot, the chairman of the Muthoot Group. George Muthoot died on Friday …
Ola wants to do a Tesla, affordably - MintLivemint
Ola aims to make 10 million e-scooters annually.The integrated manufacturing plant will have 10 assembly lines, use 3000 robots and around 10,000 workers
Energy & Precious Metals - Weekly Review and Calendar Ahead By Investing.com - Investing.comInvesting.com
Energy & Precious Metals - Weekly Review and Calendar Ahead
Top 5 Things to Watch in Markets in the Week Ahead By Investing.com - Investing.comInvesting.com
Top 5 Things to Watch in Markets in the Week Ahead
Junk your old car and get 5% rebate from automakers on new purchase: Gadkari - MintLivemint
The voluntary vehicle scrapping policy announced in the Union Budget for 2021-22 provides for fitness test after 20 years for personal vehicles while commercial vehicles would require it after the completion of 15 years
Explained: What the new rule on airbags means for passengers, car manufacturers - The Indian ExpressThe Indian Express
The Central government's decision of making passenger airbags mandatory for all vehicles is part of its plan to improve safety norms in the country.
FM's push for 'calibrated' approach on crypto trading calms frayed nerves - MintLivemint
'Negotiations and discussions' are on with the Reserve Bank of India to regulate cryptocurrency, Sitharaman says in interview.Crypto industry sees FM’s stance on ‘considering a calibrated approach’ as an 'encouraging sign'
First Ever Tweet Fetches Rs 18.30 cr - GulteGulte
The first ever tweet by Twitter co-founder Jack Dorsey is likely to fetch a whopping Rs 18.3 crore to him. When put up for sale, the highest bid from Sina Estavi,CEO of Bridge Oracle, reached $2.5 million. The tweet reads: "Just setting up my twttr," sent fro…
Tata Group Shuts Down Rumours Regarding Tesla Tie-Up - GaadiWaadi.comGaadiWaadi.com
Tata Motors has stated that there is “no dialogue with Tesla”, and that it has no need for an outside partner at the moment
Movers & Shakers | Top 10 stocks that moved the most last week - Moneycontrol.comMoneycontrol
Experts say the market is likely to remain volatile this week and they suggest keeping a watch on the US for triggers and oil prices along with economic data points on the domestic front.
Royal Enfield Meteor 650 cruiser rendered digitally - CarToq.comCarToq.com
As we know that Royal Enfield is currently working on a new range of motorcycles for the Indian market. They plan to release a new motorcycle every three months. We know that they are working on some motorcycles that will come with the 650 cc parallel-twin en…
Maruti Suzuki Sold Over 12,000 MPVs In February 2021 – Ertiga & XL6 - GaadiWaadi.comGaadiWaadi.com
In February 2021, Maruti Suzuki reported a YoY sales degrowth of over 17 per cent and 28 per cent for the Ertiga and XL6, respectively
LIC's authorised capital to be hiked to ₹25,000 crore to facilitate listing - MintLivemint
According to one of the 27 proposed amendments, the central government will hold at least 75 per cent in LIC for the first five years post the IPO
Easy Trip Planners IPO: 10 key things to know before subscribing the issue - Moneycontrol.comMoneycontrol
Nishant Pitti and Rikant Pitti will sell shares worth Rs 255 crore each through offer.
2020 Mahindra Thar vs Jeep Compass in a tug of war [Video] - CarToq.comCarToq.com
Jeep Compass is the most popular car from the brand in the Indian market and it has been around for quite some time now. Last year, Mahindra introduced the all-new Thar to the Indian market and it has become a popular choice in the market too. Well, the Compa…
MFs selling spree continues; withdraw 16,306 cr from equities in February - MintLivemint
Many investors had started to directly participate in equity markets by opening their Demat accounts
How Saudi Arabia plans to make the kingdom a global hub for green hydrogen - MintLivemint
Saudi Arabia is building a $5 billion plant powered entirely by sun and wind that will be among the world’s biggest green hydrogen makers when it opens in the planned megacity of Neom in 2025
PPF, other post office savings account: New rules on cash deposit, withdrawal in 5 points - MintLivemint
The withdrawal limit per individual has been hiked from ₹5,000
China Exports Soar To Highest Level In Decades After COVID-19 Hit - NDTVNDTV News
China's export growth jumped to the highest in over two decades, official data showed Sunday, with imports also surging in a sharp bounceback from the coronavirus outbreak that had brought activity to a near halt.
2021 Volkswagen T-Roc Will Now Cost Rs 21.35 Lakh In India - GaadiWaadi.comGaadiWaadi.com
The Volkswagen T-Roc sits under the Tiguan AllSpace in the German carmaker’s Indian line-up, and currently serves as the most affordable VW SUV in India Volkswagen launched the T-Roc in the Indian market last year, and the car was brought to the country as a …
Bank FD rates compared: SBI vs Kotak Mahindra vs Canara vs Yes Bank - MintLivemint
Before choosing an FD, you should compare the interest rates on offer by various banks
I’ve never seen anything like this: Chaos strikes global shipping - Economic TimesThe Times of India
Empty containers are piled up at ports in Australia and New Zealand; containers are scarce at Indias port of Kolkata, forcing makers of electronics parts to truck their wares more than 1,000 miles west to the port of Mumbai, where the supply is better.
This modified Hyundai Elite i20 with air suspension looks gorgeous - CarToq.comCarToq.com
Hyundai is India’s second largest car manufacturer with a variety of products in their portfolio. One of the popular car from the manufacturer was Hyundai Elite i20. It was a premium hatchback that was on sale till last year. The Elite i20 was replaced with n…
The Hindu Explains | How much did the government earn from the recently concluded spectrum auction? - The HinduThe Hindu
Why was an auction needed now? Wasn’t this for the 5G rollout?
Non-basmati rice exports surge as West Asia, Africa build reserves - The Indian ExpressThe Indian Express
Shipments of the staple food grain between April 2020 and January 2021 more than doubled over the same period in the previous financial year, showed provisional government data.
Covid-19 pandemic: WHO warns against letting guard down - Hindustan TimesHindustan Times
“Countries are going to lurch back into third and fourth surges if we’re not careful.” Mike Ryan, WHO’s top emergency expert, told an online briefing.
A Close Look : Tata Safari Adventure Persona - Team-BHPTeam-BHP
Car manufacturers introducing special editions of their popular cars isn't breaking news. In most cases, special editions are launched to give a boost to sales when the curve starts to flatten. Tata Motors is trying out a new strategy here and has introduced …
Air France flight made emergency landing over ‘disruptive’ Indian passenger - The Indian ExpressThe Indian Express
The man, whose name was not revealed, was taken off the aircraft and has been charged with endangering flight safety. If convicted, he faces up to 10 years in prison.
EPFO Launches Electronic Facility For Principal Employers To View EPF Compliances Of Their Contractors - Kalinga TVGoogle News
More than 20,000 US organizations compromised through Microsoft flaw: Source - MoneycontrolMoneycontrol
The latest hack has left channels for remote access spread among credit unions, town governments and small businesses, according to records from the U.S. investigation.
TVS Apache RTR 200 with single channel ABS gets riding modes - Team-BHPTeam-BHP
The Apache RTR 200 4V with single channel ABS has been updated for 2021. The bike now comes with multiple riding modes - Urban, Rain, and Sport and is priced at Rs. 1,28,020 (ex-showroom Delhi). The riding modes were already available in the dual channel ABS …
Reliance Home Finance defaults on Rs 40 cr loan repayment to Punjab & Sind Bank - Financial ExpressGoogle News
Kawasaki Ninja 300 Arrives At Dealer Showroom - First Look Walkaround - RushLaneRushlane.com
Kawasaki has started dispatching units of the BS6 updated Ninja 300 to dealerships across India, as per new images.
Covishield vs Covaxin: What are the side effects and who should avoid these vaccines - CNBCTV18CNBCTV18
As the country is on the second phase of its vaccination drive, know which jab is suitable for youGet latest Healthcare online at cnbctv18.com
Volkswagen Previews EV Sedan Project Trinity - carandbikeCarandbike.com
By the planned start of series production in 2026, Trinity will already reach Level 2+ autonomous capability (partial automation) and be technically ready for Level 4 autonomous capability (high automation).
TVS Motor to provide free Covid-19 vaccination to 35,000 employees, families - HT AutoHindustan Times
TVS said that the drive is in line with the ongoing Government guidelines..The vaccination drive is going to cover around 35,000 direct and indirect company employees across India.
Dalal Street Week Ahead: Nifty50 to stay rangebound with upside capped - Economic TimesThe Times of India
The index is showing some classical signs of an impending consolidation, and therefore, all moves on the upside will continue to remain vulnerable to any selloff at higher levels.
Jeep Compact SUV Production To Begin By July 2022 - Report - GaadiWaadi.comGaadiWaadi.com
Jeep compact SUV will likely sit below the Renegade in the global portfolio and is expected to launch in India late next year
Adidas launches one-metre-long sneakers that look like 'baguette', sparks a laugh riot on Twitter - MoneycontrolMoneycontrol
The one-metre-long black and white shoes, which look like an elongated version of clown shoes, was launched by Adidas in collaboration with Estonian rapper Tommy Cash.
2021 Renault Triber details leaked ahead of launch - CarToq.comCarToq.com
Renault Triber is a very unique vehicle in its class. It is the cheapest 7-seater MPV that you can get in India. It falls under 4-metres which has helped Renault in positioning it so attractively in the Indian market. Despite being on a budget, Renault has pa…
AirAsia plans launch of flying-taxi business next year - MintLivemint
I think we are about a year and a half away from launching, CEO Tony Fernandes said.The flying taxis it hopes to begin providing next year will come with as many as four seats and will be powered by a quadcopter, he said
IndiGrid InvIT to acquire northeast power transmission project for ₹4,625 crore - MintLivemint
This transaction comes in the backdrop of the government expediting strategic North Eastern Region Power System Improvement Project as part of the strategy of accelerating infrastructure development along the country’s frontier
2021 Volkswagen T-Roc makes a comeback in India, to be priced from ₹21.35 lakh - HT AutoHindustan Times
The new Volkswagen T-Roc SUV will be a CBU model, like its predecessor..It is expected to be a limitedly available car, as before..An official announcement on the T-Roc launch is expected to take place soon.
Will you benefit from the home loan rate cuts? - MintLivemint
SBI has reduced home loan rates to 6.7% for loans up to ₹75 lakh, while Kotak Mahindra Bank‘s offer starts at 6.65%. SBI has a further 5 basis points concession for women borrowers. HDFC has reduced its retail prime lending rate by 5 basis points from 4 Marc…
Robot Dog Inspects Wreckage Site After Elon Musk's SpaceX Rocket Explodes on Landing - News18News18
SpaceX Boston Dynamics robot dog named “Zeus" was spotted at the test site of the space agency last week just after the rocket prototype called SN10 exploded.
Ikea rushes to make up lost time on India expansion after delays - Business StandardBusiness Standard
The company opened its second India store on the outskirts of Mumbai in December and another in the southern city of Bengaluru is now on course to be completed in 12 months
Jaguar Land Rover cutting workforce in India - Moneycontrol.comMoneycontrol
As per a company statement, the reduction in workforce is in line with the company’s ‘Reimagine’ strategy
Anand Mahindra shares food for thought for the weekend in viral post. Read here - India TodayIndia Today
In his post, Anand Mahindra shared a graphic that illustrated a lesson on kindness depicted by a group of children from an African tribe.
Elon Musk takes dig at GM, Chrysler; Ford CEO reacts with one word - CNBCTV18CNBCTV18
On Thursday, Musk tweeted, "Tesla & Ford are the only American carmakers not to have gone bankrupt out of 1000’s of car startups. Prototypes are easy, production is hard & being cash flow positive is excruciating," to his 48.5 million followers on the microbl…
Moneycontrol Pro Weekender | Markets want more - Moneycontrol.comMoneycontrol
Correction in equities triggered by a sell-off in bonds is only a flash in the pan for a long-term bull market
McKinsey, Amazon, Deloitte — big firms make big hires from IIMs, pvt B-schools despite Covid - ThePrintThePrint
Several IIMs, some top private management schools saw 100% placements, with average salary offers of up to Rs 28 lakh, as companies bet on Modi govt's privatisation push.
Top 10 Selling Cars Of February 2021 - Maruti Swift And Baleno Overtake Alto! - CarDekhoCardekho.com
The list includes seven Maruti cars and three Hyundai cars Another month has gone where Maruti has dominated the list of top 10 selling cars of February 2021. Seven places in the list are taken up by Maruti and the other three by Hyundai. We are still surpri…
This week in Auto: Delhi Govt withdraws subsidy; No more visits to RTO; India woos Elon Musk for Tesla... - Moneycontrol.comMoneycontrol
Here is what made headlines during the week
Software Icon John McAfee Charged In Cryptocurrency Scam - NDTVNDTV News
The creator of McAfee computer security software was facing charges Friday that he cashed in on a "pump-and-dump" scheme, by promoting cryptocurrencies on Twitter to drive up their value.
Upcoming Creta, Seltos Rivals From Maruti, Tata, Mahindra - India Car NewsIndiacarnews.com
SUVs are as popular as ever and have become top choice among buyers after the downfall of small cars and sedans. While the subcompact SUV space has already been crowded, it’s the mid-size SUV segment that’s going to witness multiple launches in coming months.…
Saudi asks India to use cheap oil it bought last year to cool prices - ETEnergyworld.comThe Times of India
Brent crude, the most widely used benchmark, on Friday rose nearly 1 per cent to USD 67.44 a barrel
Twitter 'undo' button for tweets may emerge as a paid feature - Android PoliceAndroid Police
Since time immemorial, users have been begging Twitter for the ability to edit tweets. While it's unlikely that this will be a reality anytime soon
Blackstone in talks to acquire a minority stake in Sify Technologies - Business StandardBusiness Standard
Sify's American depositary receipts rose 6.7 per cent in pre-market trading on Friday in the US. The company had a market value of about $484 million as of Thursday
Manufacturing to get $520-billion PLI push in next 5 years: PM Modi - Business StandardBusiness Standard
Says govt aims to do away with more than 6,000 compliance requirements
Sprawling Cyberattack Breaches Several Airlines - ThreatpostThreatpost
The cyberattack on SITA, a nearly ubiquitous airline service provider, has compromised frequent-flyer data across many carriers.
Why Two Doses of COVID-19 Vaccine for Pfizer and Moderna? - HealthlineHealthline
Some COVID-19 vaccines require two doses because the second dose helps to better reinforce the immune response. Learn more about vaccine immunity.
DHFL auditor finds another fraud of ₹1,424 crore, files affidavits in NCLT - MintLivemint
The administrator of the company has appointed Grant Thornton to conduct investigation. .The administrator of the company received an initial report from the transaction Auditor, indicating that there are certain transactions which are undervalued, fraudulen…
Concor places developmental order with BHEL, Braithwaite for ‘Made in India’ containers - BusinessLineBusinessLine
Goyal pitches for Rlys’ production units to be used for making containers
Government Makes Dual Airbags Mandatory For Vehicles - carandbikeCarandbike.com
The Ministry of Road Transport and Highways has issued a notification mandatory the passenger side airbag in vehicles and will be applicable for new cars from April 1, and existing cars from August 31, 2021.
Sitharaman on cryptocurrency: Govt leaves room to experiment but with calibrated approach - CNBCTV18CNBCTV18
At CNBC-TV18's IBLA townhall, FM Nirmala Sitharaman said that the government is keeping windows open for experiment in the crypto world but a very calibrated approach will be taken.Get latest Business online at cnbctv18.com
Renault Kiger outsells Nissan Magnite in the very first month of launch - CarToq.comCarToq.com
Compact SUV segment is one of the fastest growing segment in our country. Almost all the manufacturers that are present in Indian market at least have one product in this segment. Where all the other brands were focusing on offering feature loaded compact SUV…
BMW M340i bookings open ahead of launch - CarWaleCarwale.com
BMW M340i bookings open ahead of launch
To create alpha in volatile markets challenging for mutual funds: Nilesh Shah - MintLivemint
The success of mutual funds will depend on how we transit to lower middle-income group & bottom of the pyramid and how we work towards expanding our network and move to rural India, Nilesh Shah, CII official said