Business news 08 Feb, 2021

Upstart Rises 824% as Founder Bets on Making Phones in India - BloombergQuint

While Vachani, 52, struggled in his early days, his company’s shares have surged 824% since a 2017 initial public offering.

Share Market LIVE: Sensex opens at fresh all-time high, Nifty starts above 15,000 for first time; M&M up 5% - The Financial Express

Monday’s top brokerage calls: M&M, Britannia Industries and more - CNBCTV18

Among brokerages, Nomura has a Buy rating on M&M while CLSA maintains an Outperform call on Britannia Industries as it believes that its growth deceleration is largely a factor of widening options with consumers. Here are the top brokerage calls for today.Get…

HCL Tech announces special one-time bonus for employees worth ₹700 crore - Mint

All HCL Tech employees with one year of service or greater will receive a bonus, the equivalent of ten days’ salary.

Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar for short term - Moneycontrol.com

Sudarshan Sukhani of s2analytics.com suggests buying Cummins India with a stop loss of Rs 761, target at Rs 837 and DLF with a stop loss of Rs 291, target at Rs 337.

For Nifty, deploy Modified Call Butterfly spread strategy: Shubham Agarwal - Moneycontrol.com

Considering the positive outlook depicted by the F&O activity this week, Modified Call Butterfly is advised.

In Charts | How patient retail investors made money in equity markets in 2020 - Moneycontrol.com

Retail investors’ assets in mutual funds grew by 16 percent in 2020, helped also by rising equity markets. Investments in direct plans also grew

Kerala Lottery Result: 'Winwin W-602' lottery winners to be announced today at 3 pm - Moneycontrol

Kerala Lottery Result 'Winwin W-602': The first prize winner of the Kerala state lottery 'Winwin W-602' will take home Rs 75 lakh. The second prize winner will get Rs 5 lakh and the third prize winner will get Rs 1 lakh. The winner of the consolation prize wi…

Stocks to Watch: Banks, Maruti Suzuki, Reliance, BHEL, Britannia, PNB - Mint

Nifty company BPCL will report its December quarter earnings today, while non-Nifty companies that will announce results are Aditya Birla Fashion & Retail, Astrazeneca Pharma, Balkrishna Industries, NMDC, Sun TV and Torrent Pharma

2021 Tata Safari Vs Mahindra Scorpio Drag Race - Scorpio Wins All 3 Times - RushLane

New 2021 Tata Safari races with the old Mahindra Scorpio in a drag race on an empty road 3 times. Safari loses all 3 times.

Nifty outlook and stock picks by Sameet Chavan: Buy ITC, Sell ICICI Bank - Business Standard

We have witnessed a good base building in the ITC stock and finally, it has managed to come out of its slumber

Govt to sell stakes in BHEL, two others next - Hindustan Times

The stake sales in the three companies will bolster the government’s efforts to raise funds via asset sales for the next fiscal and overcome the tepid progress made so far this year.

All You Need To Know Going Into Trade On February 8 - BloombergQuint

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

Elon Musk shares cute picture with son X Æ A-XII. ‘Adorable,’ say people - Hindustan Times

Elon Musks picture with son X Æ A-XII has now prompted people to share all sorts of comments.

Scarcity on high seas hurting India’s exports - Mint

A shortage of shipping containers thanks to China’s quick recovery and Atmanirbharta is pushing up trade costs..Shipping ministry officials say the government is keen to set up a container manufacturing facility in the country. A high-level meeting was held r…

Brookfield listing is proof that Reits in India are here to stay - Mint

Analysts say investors have embraced the product, paving the way for more to come.Brookfield India Real Estate Trust’s ₹3,800 crore Reit issue closed on Friday with an overall 8 times subscription

China issues new anti-monopoly rules targeting its tech giants By Reuters - Investing.com

China issues new anti-monopoly rules targeting its tech giants

Chip designer Dialog confirms $6 billion Renesas offer talks - Moneycontrol.com

The discussions centred on a possible cash offer of 67.50 euros per share in British-based chip designer Dialog representing a 20% premium to the Friday closing stock price of 56.12 euros, when it had a market capitalisation of around 4.3 billion euros ($5.2 …

AstraZeneca vaccine being tweaked to fight South Africa variant - Times of India

UK News: LONDON: Developers of the Oxford-AstraZeneca vaccine expect to have a modified jab to cope with the South Africa coronavirus variant by autumn, the va.

2021 MG ZS EV: Price Expectation - carandbike

The 2021 MG ZS EV SUV will go on sale in India on February 08, and this time around, we might see the SUV with an updated i-Smart connected car technology, which is also offered on the facelifted Hector SUV.

Edelweiss Wealth Management targets to raise Rs 1,000 crore for equity-focused AIF - Economic Times

Over the next few months, it plans to go overseas for widening its asset under management pool through the AIF.

Mumbai International Airport: Adani Airports acquires 23.5% stake for ₹1,685 crore - Mint

A controlling 74% stake in Mumbai International Airport Ltd (MIAL), together with the six non-metro airports, will make Adani Group the largest private operator of airports in India

Top 25 Selling Cars In January 2021 – Maruti Suzuki Alto Tops The List - GaadiWaadi.com

Maruti Suzuki dominated the Indian market in terms of sales in January 2021 as well, but its market share for the month fell to 45 per cent

All About COVID-19 Passport: Your Travel Pass for International Travel in the Future| FAQ - News18

In 2020, COVID-19 created a havoc for the travel industry globally and the aviation sector was the worst hit with almost all the countries stopping international flights to contain the spread of virus.

2020 Mahindra Thar: Can it deliver a mileage of 20 Kmpl? - CarToq.com

Mahindra launched the all new SUV  Thar in the market last year and it quickly became a very popular among buyers and enthusiasts. It is currently the most affordable 4×4 SUV you can buy in India and the demand for the SUV has also gone up tremendously. Thar …

BQ Big Decisions: Have ULIPs Lost Their Glimmer After Budget 2021? - BloombergQuint

ULIPs were being pitched as alternatives to mutual fund investments. They may have lost some of their allure though.

Why surging Ether cryptocurrency is next best bet after Bitcoin - Business Insider India

New Delhi, As the surging Bitcoin grabs most of the headlines, Ether or Ethereum, the second biggest cryptocurrency, is touching record valuation and could

MFs' selling spree continues; withdraw Rs 12,980 crore from equities in January on profit-booking - Moneycontrol.com

MyWealthGrowth.com co-founder Harshad Chetanwala said investors may prefer to book profits for some more time as they witness more surge in the stock market.

Hyundai announces discount offers for February 2021 - CarWale

Hyundai announces discount offers for February 2021

Honda CB350 Scrambler/Cafe Racer Coming Soon- What To Expect? - GaadiWaadi.com

The upcoming motorcycle will likely share its underpinnings with the H'ness CB350, and could be priced around the Rs 2.40 lakh (ex-showroom) mark

ITC sets up Young Digital Innovators Lab - Mint

ITC said it has leveraged e-commerce as a distribution channel in the aftermath of the pandemic. The segment has grown by over 100% since the beginning of the pandemic

FPIs net purchase Rs 10,793-crore Indian equities in first 5 sessions of February - Economic Times

As per FPI statistics available with depositories, overseas investors pumped in a net Rs 10,793 crore into equities and Rs 1,473 crore in the debt segment between February 1-5.

Jio vs Airtel vs Vi: Best Prepaid Packs Under Rs. 200 - Gadgets 360

Jio, Airtel, and Vodafone Idea (Vi) are the three largest telecom providers in India. As per data from TRAI, they take up about 90 percent of the total market share when it comes to wireless subscribers.

FDI cap hike to raise insurance penetration, help attract overseas funds: Experts - Economic Times

The proposed increase in FDI would also likely result in increased value for customers by way of more product options at reduced costs, he said.

Who is Andy Jassy? - The Hindu

London's 'Thinnest' House Is Up For Sale For $1.3 Million - NDTV

Blink and you could easily miss it. Wedged between a doctor's surgery and a hairdressing salon, London's thinnest house is only identified by a streak of dark blue paint.

Markets to be driven by quarterly results this week, say analysts - Business Standard

Stock markets would be driven by quarterly results and global factors this week amid lack of any major economic event, say analysts.

Mcap of top 10 firms zoom over Rs 5.13 trillion; banks steal the show - Business Standard

HDFC Bank was the biggest gainer from the pack as its market valuation jumped Rs 113,516 crore to Rs 879,735 crore

22 Carat And 24 Carat Gold Price Rises In Bhubaneswar On Sunday - Kalinga TV

PNB received debt restructuring requests worth Rs 12,000 crore: Mallikarjuna Rao - Moneycontrol.com

Requests for restructuring had not been as expected, PNB Managing Director Mallikarjuna Rao said.

2021 Royal Enfield 650cc Cruiser Imagined In 8 Colour Options - RushLane

Royal Enfield 650 cruiser is all set for its big launch in India later this year. Ahead of that, production version has been spied.

Car News That Mattered: Mahindra XUV300 Petrol AMT Launched, Thar Recalled, Citroen C5 Aircross Revealed, And More - CarDekho

This week’s highlights focus on SUVs and the 2021 Union Budget Mahindra XUV300 Petrol AMT Launched Mahindra has finally introduced the XUV300 Petrol AMT to make it a complete package. It gets a 6-speed AMT, similar to the one seen on the diesel XUV300. The s…

Explained| Decoding RBI's big move to expand retail participation in govt securities - Moneycontrol.com

The expansion of retail participation in government securities' markets can be expected to bring in a host of short and long term benefits to the economy.

These 6 penny stocks are already up 40 percent in 2021 - Moneycontrol.com

Indian equities have been trading higher this year. In 2021 so far, the benchmark index, BSE Sensex, has surged over 6 percent. During this rally, along with the bluechip, there are many low-priced stocks that have also witnessed good gains. Heres' a look at …

Exclusive-Amazon Orders Hundreds Of Trucks That Run On Natural Gas - News18

Amazon.

Modi 2.0: Let's demystify the fuel price dynamics - The Sunday Guardian

The ongoing transition from an ‘oil economy’, to a ‘gas economy’, under PM Modi’s visionary leadership, is undeniably, the best anti-dote to insulate India from the vagaries of volatile global oil prices. Exxon Mobil Corp, the mammoth Oil driller, posted its …

Buffeted by Centre and State, GM threatens legal action - The Hindu

A year after announcing plans to sell its Talegaon plant, automaker rejects Maharashtra government’s order to continue operations

Citroen all set to launch C5 Aircross in India, know specs and features - Zee News

French auto manufacturer Citroen is all set to launch its first product in the Indian market. Citroen was supposed to launch C5 Aircross much before but pandemic happened, and the launch got postponed. C5 Aircross is a premium segment SUV and will be priced a…

Times Now-CVoter opinion poll shows Mamata Banerjee as most preferred Bengal CM - Economic Times

What is the mood on ground as poll faceoff begins in West Bengal? Who has got edge? TIMES NOW-CVoter tracks it for you.

Is It Safe to Get One COVID-19 Vaccine Now and Another Later? - Healthline

Experts say even if you get a less-effective COVID-19 vaccine now, getting a different, more effective vaccine in the future should be perfectly safe.

The GameStop dilemma: What to do if day traders target your company stock - Livemint

GameStop and other companies briefly saw their share prices surge as Reddit-inspired buyers created a short squeeze. For executives, taking advantage of the situation is more complicated than it appears.

Walmart’s PhonePe continues to beat Google Pay, Paytm as top UPI app in Jan; WhatsApp volume declines - The Financial Express

Upcoming Ford Rs 15 Lakh SUV - MotorOctane - MotorOctane

Upcoming Ford Rs 15 Lakh SUV » What could it be like? » What features could we see? » When will it launch? » Click here to know more.

Airtel vs Jio vs Vodafone: Best prepaid recharge plans under Rs 500 - The Indian Express

Jio vs Airtel vs Vodafone Prepaid Recharge Plans 2021: Here's a quick look at the best prepaid recharge plans under Rs 500 with most benefits.

CRED Expenses Surge 492% In FY20; Revenue Barely Crosses INR 50 Lakh - Inc42 Media

Bengaluru-headquartered fintech startup CRED posted operating revenue of just 52 lakh in the fiscal year ended March 31, 2020. The

Nabard disburses Rs 16,500 crore under RIDF in first 10 months of FY21 - Times of India

India Business News: The National Bank for Agriculture and Rural Development (Nabard) on Saturday said it has sanctioned Rs 30,200 crore and disbursed Rs 16,500 crore for

Bitcoin rally takes crypto market value to another record - Mint

The largest cryptocurrency rose as much as 5.6% to $39,959 on Saturday, taking it closer to early January’s all-time high of almost $42,000.The jump comes after another volatile week in cryptocurrencies marked by Elon Musk’s support for Bitcoin and a record r…

China Approves Sinovac Biotech Coronavirus Vaccine For General Public Use - NDTV

Sinovac Biotech said on Saturday that its unit's COVID-19 vaccine has been formally approved for use by the general public by China's medical products regulator.

Explainer | Why are petrol, diesel prices rising? - Deccan Herald

Petrol and diesel prices have been touching record highs in India as fuel retailers revised prices upwards. On February 6, petrol price was Rs 86.95 in New Delhi, Rs 93.49 in Mumbai, Rs 89.85 in Bengaluru and Rs 89.39 in Chennai. Read: Petrol, diesel prices a…

RBI instructs its officers: Stick to bank's policy and do not interact with press - Free Press Journal

BSNL 4G SIM is still available for free, scheme extended until March 31 - India Today

BSNL has extended its free 4G SIM card offer in Kerala and has also enabled a free call forwarding facility in Chennai and Tamil Nadu telecom circles.

Call for Bharat Ratna award: Ratan Tata requests people to stop social media campaign - The Hindu

"...I would humbly like to request that such campaigns be discontinued,” Ratan Tata said in a tweet

Indias internet startups on cusp of IPO, combined value at $180 bn: Report - Business Standard

India's internet startups leaders that operate business ranging from food delivery to e-commerce are now on the cusp of listing, a report said putting their combined value at $180 billion by 2025

Cars To Watch Out For In February 2021 - CarDekho

Which new cars are expected to enter the Indian market this month?

Divi’s Laboratories Q3: After Operationally Strong Results, Management Says Things Set To Improve - BloombergQuint

Shares of Divi’s Laboratories were the best performers on the Nifty 50 index in 2020.

2021 Suzuki Hayabusa: Image Gallery - BikeWale

The 2021 Suzuki Hayabusa has finally arrived, and the motorcycle packs styling and mechanical revisions in its latest form. The Hayabusa has received a full-model change for the first time in 13 years and here we bring you a detailed image gallery of the moto…

Hyundai Creta Diesel E variant de-listed from company website - HT Auto

When launched, the all-new Hyundai Creta was introduced in five variants - E, EX, S, SX, SX (O).

Tesla and SpaceX CEO Elon Musk offers to dig a 3.2-km tunnel under Miami for just $30 million - Business Insider India

San Francisco, Tesla and SpaceX CEO Elon Musk has told Mayor of Miami city in the US that his Boring Company could dig a 3.2 km tunnel for just $30 million

Airtel to shutdown copper network; to offer only fiber broadband: Gopal Vittal - ETTelecom.com

Bharti Airtel said that it will shutdown down its copper infrastructure in a year's time and will just offer Fiber-to-the Home in the country.

New Mahindra Thar recalled; more than 1,500 units affected - CarWale

1,577 units of the Mahindra Thar recalled. The recall is limited only to the diesel variants of the SUV.