Business news 09 Feb, 2021
Share Market LIVE: Sensex breaches 51,600, Nifty still shy of 15,200; Titan, Reliance among top gainers - The Financial ExpressGoogle News
Petrol, diesel prices at record high after today's hike: Check out latest rates in your city - MintLivemint
Global oil prices today rose to their highest in 13 months as supply cuts by major producers and optimism over fuel demand recovery support energy markets
Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar for short term - Moneycontrol.comMoneycontrol
Mitessh Thakkar of mitesshthakkar.com suggests buying Bharat Forge with a stop loss of Rs 634, target at Rs 665 and advises selling Britannia Industries with a stop loss of Rs 3,510, target at Rs 3,400.
Upcoming Hyundai AX1 Micro SUV Spied Testing On Snow - GaadiWaadi.comGaadiWaadi.com
Hyundai AX1 micro SUV is expected to launch in India in early 2022 to compete against Mahindra KUV NXT and upcoming Tata HBX
Stocks to watch: Tata Steel, RIL, Voda Idea, BPCL, Wipro, Crompton Greaves - Business StandardBusiness Standard
The Indian government has challenged in the Singapore High Court an international arbitration tribunal's verdict that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc
NMDC Q3 net profit jumps 53% to Rs 2,108 crore - Moneycontrol.comMoneycontrol
Total expenses during the third quarter of 2020-21 financial year stood at Rs 1,650 crore as against Rs 1,491 crore in the same period last year.
All-new Mahindra Thar takes on a Jeep Compass in a classic drag race - CarToq.comCarToq.com
Mahindra launched the all-new Thar in the market last year and it quickly became popular among buyers. The response in so overwhelming that Thar is already sold out till May 2021. Mahindra has already increased the production to meet rising demand. Mahindra T…
CNBC-TV18's top stocks to watch out for on February 9 - CNBCTV18CNBCTV18
The Indian market is likely to open higher on Tuesday following a rally in major global indices. At 7:00 am, the SGX Nifty was trading 24.50 points or 0.16 percent higher at 15,166.50, indicating a positive start for the Sensex and Nifty50. Get latest Market …
Kia's All Electric Crossover 'CV' Spied; Debut Next Month - GaadiWaadi.comGaadiWaadi.com
The Kia CV will go on to become the Korean carmaker's first dedicated electric vehicle, and is expected to make its debut next month
Post-budget tax math: Should you shift from EPF to NPS now? - MintLivemint
Experts suggest having a combination of EPF, PPF and NPS to maximize returns and reduce tax outgo.EPF returns are attractive even though the interest earned on contributions above ₹2.5 lakh will now be taxed
Gold Price Prediction - Prices Rebound as Dollar Slips - FX EmpireFX Empire
Gold tests critical resistance
Why Clubhouse is being hailed as the next big thing - MintLivemint
Silicon Valley’s hottest and latest social platform Clubhouse is being promoted by celebrities and users alike. The app has a sense of exclusivity to it and billions of dollars secured in funding to turn some important heads. Mint explores the reasons for its…
Explained: What Is Bitcoin? Cryptocurrency That Tesla Has Invested In - NDTVNDTV News
Bitcoin was once again in the news after Tesla invested $1.5 billion in it and signaled its intent to begin accepting the cryptocurrency as a form of payment, sending prices to a new record after the vote of confidence. The leading electric-car maker's embrac…
Stocks Set for Muted Start After Hitting Record: Markets Wrap - BloombergQuintBloombergQuint
All you need to know about global markets....
RBI sees 387% rise in complaints against NBFCs, 58% rise against banks - MintLivemint
There was a total of 308,630 complaints against banks in the FY as against 195,901 a year earlier.With NBFCs, the higher number of complaints were about non-adherence to the FPC (36.29%), followed by non-observance of RBI’s directions (18.56%)
Trade setup for Tuesday: Top 15 things to know before Opening Bell - Moneycontrol.comMoneycontrol
Though the Nifty is placed at an all-time high, there is no indication of any reversal pattern forming at the highs, says Nagaraj Shetti of HDFC Securities.
Citroen C5 AirCross caught on video at dealership ahead of launch - CarToq.comCarToq.com
Citroen just unveiled their first SUV for the Indian market. It is the C5 AirCross that is expected to go on sale in March 2021. A video has been uploaded by Dr. Amit Biswas on his YouTube channel which showcases the new SUV at the dealership. The videos show…
2021 Yamaha FZ FI And FZS FI Launched In India From Rs. 1.03 Lakh - GaadiWaadi.com - GaadiWaadi.comGaadiWaadi.com
2021 Yamaha FZ FI and FZS FI have the kerb weight reduced by two kilograms and gained Bluetooth connectivity in India
Microsoft Wallops Amazon in 2020 Cloud Revenue; Bigger than AWS and Google Cloud Combined - Cloud WarsCloud Wars
Amazon’s AWS cloud unit had an excellent year with revenue of $45.4B, but Microsoft blew past that w/ 2020 commercial cloud revenue of $59.5B.
China ramps up vaccine logistics for global inoculation campaign - Global TimesGlobal Times
With China projected to have at least three viable COVID-19 vaccines available to the public, China's airports are likely to see international cargo flights flood in to pick up COVID-19 vaccines in mid-2021, similar to scrambling for masks and other protectiv…
Supreme Court Stops E-Rickshaw Registration In India - carandbikeCarandbike.com
Any EV customer across India will have to use Amit Engineering's service to get their vehicle registered, as it has leased the rights from Kanishk Sinha.
Titan TraQ Lite, Titan TraQ Cardio, Titan TraQ Triathlon Smartwatches Launched in India - Gadgets 360NDTV News
Titan TraQ Lite, Titan TraQ Cardio, and Titan TraQ Triathlon have been launched by the company under its new fitness gear brand, TraQ. The TraQ smartwatches have features such as inbuilt GPS and heart-rate monitoring. The brand is aimed at Indian consumers, e…
Divi’s Laboratories Q3 show is strong but stock remains pricey - MintLivemint
The key highlight was the strong profitability, especially gross profit margins, which expanded by as much as 820 basis points year-on-year to 69%
Investor wealth jumps over Rs 16.70 lakh crore in 6 days of market rally - Times of IndiaThe Times of India
India Business News: Investor wealth has jumped over Rs 16.70 lakh crore as markets extended its winning streak to the sixth session on Monday. The BSE benchmark sensex ra
Dow Futures Up 120 Pts on Stimulus Hopes and Earnings Growth By Investing.com - Investing.comInvesting.com
Dow Futures Up 120 Pts on Stimulus Hopes and Earnings Growth
Future-Reliance Retail Deal: Status Quo Lifted By Delhi High Court - BloombergQuintBloombergQuint
Delhi High Court lifts the status quo on the Future Retail-Reliance Retail deal.
MG Hector To Get Autonomous Tech Like Gloster In Indonesia, Will It Come To India? - CarDekhoCardekho.com
The autonomous tech could feature adaptive cruise control, automatic braking, and lane departure warning MG Hector, known as Wuling Almaz in Indonesia, will get a new top-spec RS variant with cosmetic upgrades. The biggest addition will be MG’s Drivin…
Chocolate Day 2021: Wishes, quotes to express your love this Valentines week - Hindustan TimesHindustan Times
This chocolate day, along with the sweets, send sweet nothings to your favourite person and express your feelings.
2021 Royal Enfield Himalayan reaches dealer yard - BikeWaleBikewale.com
The 2021 Royal Enfield Himalayan has started to arrive at the dealer yards, thus hinting at an upcoming launch.
Bus booking gets easier! IRCTC launches online bus seat booking facility; see features - The Financial ExpressGoogle News
India May Side-Step Parliament to Push Through Crypto Bill: Report - CoinDesk - CoinDeskCoinDesk
The Indian government is reportedly planning to pass its proposed cryptocurrency bill as soon as possible, using the ordinance process.
Instagram updates its 'Parents Guide' for 2021 to help improve safety on its platform - Business Insider IndiaBusiness Insider India
New Delhi, Facebook-owned photo-sharing platform Instagram on Monday launched a Parents Guide to help young people be safe on the platform. The guide is
JSW Steel to raise $1 bn via dollar bonds for Bhushan acquisition, capex - Business StandardBusiness Standard
Source says talks with firm are currently focused on structure of offering and seeking necessary approvals from RBI. Issue will be launched as early as this month
What Should You Do With Britannia Stock After its Results? - Investing.com IndiaInvesting.com
The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.
PhonePe partners with Axis Bank on UPI multi-bank model - BusinessLineBusinessLine
PhonePe will acquire merchants with Axis Bank in addition to its partnership with YES Bank
Brent Oil Hits $60/Barrel; Trades at Highest Since January 2020 By Investing.com - Investing.comInvesting.com
Brent Oil Hits $60/Barrel; Trades at Highest Since January 2020
AstraZeneca Vaccine Prevents Covid Death: UK As South Africa Halts Shots - NDTVNDTV News
There is no evidence that the Astrazeneca vaccine does not prevent death or serious illness, and South Africa has only imposed a temporary halt on using the vaccine, a British junior health minister said on Monday.
2021 MG ZS EV Launched In India; Prices Start At Rs. 20.99 Lakh - carandbikeCarandbike.com
The updated MG ZS EV 2021 gets minor cosmetic updates along with substantial improvements on the inside. The all-electric SUV gets a starting price of Rs. 20.99 lakh (ex-showroom, India).
All-new 2021 Suzuki Hayabusa: Details Explained - BikeWaleBikewale.com
Suzuki recently unveiled the 2021 Hayabusa which comes with major updates to its styling, mechanicals and electronics. So here we tell you all there is to know about the all-new Suzuki Hayabusa.
Triumph’s Most Affordable Tiger Yet Is Launching In India Tomorrow - ZigWheels.comZigwheels.com
The 850 Sport is well positioned to cater to first time big-bike buyers
BHEL share down by 8.15%, priced at Rs 40 per piece due to losses in Q3 and disinvestment report - Free Press JournalFree Press Journal
Google-backed Dailyhunt and Josh’s parent firm raises over $100 million - TechCrunchTechCrunch
VerSe Innovation, the parent firm of popular news and entertainment app Dailyhunt and short video app Josh, said on Monday it has raised over $100 million as part of a Series H financing round from Qatar Investment Authority and Glade Brook Capital Partners. …
Affle, Dixon Tech: 30 mid, small-caps that you can bet on at current levels - Business StandardBusiness Standard
Nearly 20 stocks in Nifty Small-cap 100 are showing strong bullish signals as against 10 stocks of Nifty Mid-cap 100
Airtel and Jio Disney+ Hotstar VIP users can now upgrade to premium subscription, here is now - India TodayIndia Today
Airtel and Jio users with VIP subscription to Disney+ Hotstar can now upgrade to a Premium subscription by logging into Dinsey+ Hotstar and tapping on 'Upgrade.'
Explained: All you need to know about the Government Instant Messaging System - MoneycontrolMoneycontrol
Any individual with a valid mobile number or email ID can make use of the system.
Alembic Pharma gets five observations from USFDA for Gujarat facility - MoneycontrolMoneycontrol
"The United States Food and Drug Administration (USFDA) has conducted an inspection at Alembic Pharmaceuticals'' New Injectable Facility (F-3) located at Karkhadi from January 29-February 5, 2021.
Jaguar I-PACE set for India-launch on March 9 - Times of IndiaThe Times of India
Cars News: The I-PACE will be offered in S, SE and HSE variants in India. Equipped with a 90 kWh lithium-ion battery, the I-PACE produces 294 kW and 696 Nm torqu
Container Corp.’s Shares Trade Near 52-Week High. Here’s Why - BloombergQuintBloombergQuint
Shares of Container Corporation rose to the highest since March 2020.
HCL Tech declares one-time bonus worth over Rs 700 cr for staff to mark $10 bn-revenue milestone - CNBCTV18CNBCTV18
HCL Technologies said it is ”issuing a one-time special bonus to employees around the world” worth over Rs 700 crore in recognition of its recent milestone of crossing the USD 10 billion mark in revenue for 2020.Get latest Business online at cnbctv18.com
India Plans More Than $41 Billion in Bond Purchases - BloombergQuintBloombergQuint
RBI wants to cap benchmark yields at about 6% in FY22, according to a person familiar with the matter.
SarvaGram raises Rs 77 crore, anticipates Rs 8,000 crore loanbook in next 5 years - Moneycontrol.comMoneycontrol
SarvaGram, founded by Utpal Isser and Sameer Mishra, aims at allowing livelihood upgradation for rural and semi-urban households in India.
Gujarat Gas Stock Rallies Most On Record After Q3 Results - BloombergQuintBloombergQuint
Shares of Gujarat Gas also touched an all-time high on Monday.
Gold, Silver Open The Week Marginally Lower - GoodreturnsGoodreturns.in
Gold prices in India opened the day marginally lower, with Gold Futures for April delivery on the MCX at Rs 47,227, down Rs 29 over the previous day.
China court accepts ByteDance case filing against Tencent over alleged monopoly - TechCrunchTechCrunch
ByteDance is bringing its battle with archrival Tencent to the court at a time when the Chinese government moves to curve the power of the country’s internet behemoths. The Beijing Intellectual Property Court has permitted a ByteDance lawsuit brought against …
Adani Enterprises shares hit new 52-week high after arm picks up 23.5% stake in Mumbai International... - Moneycontrol.comMoneycontrol
Adani Airport Holdings, a wholly owned subsidiary of Adani Enterprises, has acquired 23.5 percent stake in Mumbai International Airport from ACSA Global and Bid Services Division (Mauritius) for Rs 1,685.25 crore, the company said.
BEML shares up 2% on MoUs with 11 entities - Moneycontrol.comMoneycontrol
The share touched its 52-week high Rs 1,053.60 and 52-week low Rs 369.60 on 24 December, 2020 and 24 March, 2020, respectively.
M&M stock jumps 9% as Q3 beats expectations; here's what Goldman Sachs, Nomura said post result - Moneycontrol.comMoneycontrol
The auto major reported a massive 39.6 percent YoY growth in profit to Rs 530 crore for the quarter ended December 2020. Revenue from operations grew by 16 percent YoY to Rs 14,056.5 crore in Q3 FY21 with strong tractor volumes.
Sell USDINR; target of: 73.10 - 73.00: ICICI Direct - Moneycontrol.comMoneycontrol
ICICI Direct, The rupee continued to remain in a range due to contraction in volatility.
Sunil Vachani’s Dixon Technologies is showing global manufacturing can happen in India - ThePrintThePrint
Dixon produces about 4 million smartphones a month for brands including Samsung. It is also making TVs for Xiaomi, washing machines for LG and lighting products for Philips.
Here are the top trading ideas by Vaishali Parekh of Prabhudas Lilladher - Business StandardBusiness Standard
The RSI indicator has indicated a trend reversal near the oversold zone to signal a buy in Hindustan Unilever (HUL) stock
Govt budgets for sharp LPG price hikes - MintLivemint
Fuel retailers revise prices of LPG cylinders, which is primarily dependent on the international benchmark rate of LPG and the exchange rate of the US dollar and the rupee
IIHR develops chilli hybrids resistant to leaf curl virus - BusinessLineBusinessLine
To commercialise five hybrids in kharif 2021 season
Chip designer Dialog confirms $6 billion Renesas offer talks - Moneycontrol.comMoneycontrol
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 …
Trade Setup: Nifty prone to correction; volatility likely to shoot up - Economic TimesThe Times of India
The pattern analysis of the daily chart shows that Nifty faces a short-term pattern resistance in the form of a rising trend line drawn from the previous high point from where it saw a major corrective move.
Top 25 Selling Cars In January 2021 – Maruti Suzuki Alto Tops The List - GaadiWaadi.comGaadiWaadi.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
Why surging Ether cryptocurrency is next best bet after Bitcoin - Business Insider IndiaBusiness 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
PNB expects ₹3,800 crore recovery from Bhushan Power resolution - MintLivemint
PNB also hopes to make good recovery of its exposure in crisis-hit DHFL, which is undergoing a resolution process currently.The bank has posted a net profit of ₹506 crore on a standalone basis in the quarter ended December 2020 of this fiscal
How many funds should you add to your mutual fund portfolio? - MintLivemint
Investors often feel that if they invest in 10 to 15 funds or even more then they are well-diversified.Experts say 8 funds are enough and explain where you should invest