Business news 09 Mar, 2021
CNBC-TV18's top stocks to watch out for on March 9 - CNBCTV18CNBCTV18
The Indian market is likely to open higher on Tuesday as the trend on SGX Nifty indicates a strong start for the broader index in India. The Nifty futures were trading 96.00 points or 0.64 percent higher at the 15,078.00 level on the Singaporean Exchange at 7…
India is trying to build its own internet - CNNCNN
While Twitter finds itself in a prolonged standoff with the Indian government over the company's refusal to take down certain accounts, a senior executive of a very similar Indian social network says the sudden attention on his app has been "overwhelming."
New rules for pesky calls lead to SMS outages - Times of IndiaThe Times of India
India Business News: Lakhs of consumers across the country faced mobile messaging outage for bank and payment OTPs, company service and promotional matters and even for a
Truecaller decides to shut down UPI services in India - MintLivemint
The caller ID app plans to focus on core offerings such as communication and safety
Tata Motors Shareholders Approve Hiving Off Passenger Vehicle Business - BloombergQuintBloombergQuint
Shareholders approve the transfer of the passenger vehicles business unit to TML Business Analytics Services Ltd.
Does trade deficit signal trouble for India’s economy? - MintLivemint
Since 1990, on an average, India has had an overall trade deficit. Even so, for the period April–September 2020, India witnessed a trade surplus and is likely to post a current account surplus of 2% of GDP for 2020-21. However, this might not be a reason to r…
Oil companies go easy with fuel prices ahead of state polls on ‘government nudge’ - Times of IndiaThe Times of India
India Business News: If petrol price hasn’t risen for over a week, thank the polls in five states. Public sector fuel retailers appeared to be going easy with pump prices
Nasdaq hits correction, Dow advances as stimulus bill nears finish line - Economic TimesThe Times of India
Shares related to finance, restaurants and travel rose on expectations those sectors will do well when the economy reopens, but they were unable to offset the weight of the bigger tech shares that dominate the U.S. stock market.
ESIC to run new hospitals all by itself, says Labour Ministry - Moneycontrol.comMoneycontrol
The move comes in view of demand from both workers and employees, and with the objective to provide better medical services to the beneficiaries.
Skoda Rapid CNG confirmed for India, under test currently - CarToq.comCarToq.com
Skoda India is currently working on a new line-up of vehicles for the Indian market. Recently, Zac Hollis, Director of Sales, Service & Marketing, Skoda Auto has just confirmed that the CNG version of the Rapid is under testing. Zac confirmed this information…
Employee consortium bid for Air India fails to make the cut - MintLivemint
The central government aims to complete the privatization of the national carrier in the next fiscal year
Serum Institute seeks government's intervention over import of Covid vaccine raw material from US - Times of IndiaThe Times of India
India News: NEW DELHI: Serum Institute of India (SII), the world's largest vaccine manufacturer by volume, has sought the central government's intervention so as .
Mumbai Airport T1 Opens Wednesday, 5 Domestic Airlines to Resume Operations - News18News18
The operations from T1 remained suspended even after a restart of domestic air services in the country on May 25 last year.
Ola’s electric scooter officially unveiled - CarToq.comCarToq.com
We all know Ola as a ridesharing, food delivery and cab service provider. Now, Ola is entering an all-new segment of electric scooters. The test mule of the electric scooter was first spotted back in January. Ola made this possible by acquiring a Netherland-b…
Blackstone joins Baring in wait to exit profitable India IT investment - MintLivemint
Five years after Blackstone bought a stake in Mphasis, it is sitting on profits of 300% on investment.Baring has been struggling to find a buyer for its stake in Hexaware, even after 7 years of acquisition
McAfee to sell its enterprise business for $4 billion - Economic TimesThe Times of India
McAfee expects to reduce debt by about $1 billion and is set to become a pure-play consumer cybersecurity company.
India now has over 700 commercial aircraft: DGCA - MoneycontrolMoneycontrol
As per official figures, India had 695 aircraft at the beginning of 2020. Last year, 73 aircraft were added while 52 were sent back to the lessors by the airlines.
Maharashtra govt further cuts stamp duty charges for women homebuyers. Know details - MintLivemint
Mumbai, the financial capital of India, saw huge surge in property registration numbers in February, thanks to stamp duty cut
Nifty, BSE Sensex Give Up Gains to End Flat; Volatility Might Continue Tomorrow - Investing.com IndiaInvesting.com
The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.
VS Parthasarathy resigns as President from Mahindra Group after two decades of service - MintLivemint
VS Parthasarathy has decided to resign from the post, effective close of April 1, 2021, to pursue personal interests.Anish Shah will take additional charge of overseeing the Mobility Services Sector directly
Technical View: Nifty forms small bearish candle, consolidation likely to continue - Moneycontrol.comMoneycontrol
Traders should remain neutral on the Nifty on the long side whereas shorting opportunity should be considered below 14,860 levels, Mazhar Mohammad of Chartviewindia said.
Panasonic to buy U.S. software firm Blue Yonder for $6.5 billion: Nikkei - Economic TimesThe Times of India
While Panasonic bought 20% stakes of Blue Yonder in 2020, it is now in the final stage to acquire the rest from shareholders including Blackstone Group Inc, the Nikkei said, citing unnamed sources.
Hyundai To Strengthen SUV Portfolio In India; 7-Seater Alcazar Launch Next - GaadiWaadi.comGaadiWaadi.com
Hyundai will host the global debut of the seven-seater Alcazar soon in India ahead of its launch in the coming months
Kabira Mobility KM3000 and KM4000 receive over 6000 bookings - BikeWaleBikewale.com
The electric motorcycles were launched in India last month.
Bad loans to rise at Indian banks as easy liquidity may tighten: Fitch - Moneycontrol.comMoneycontrol
Fitch added it sees high risk of a "protracted deterioration" in asset quality with more pressure on loans to retail and stressed small and medium-sized enterprises.
Tata dials up another acquisition talk – with India’s discovery platform Just Dial, whose stock is up by 7% - Business Insider IndiaBusiness Insider India
The acquisition talks come as Tata is set to be working on its own Super App for which it has reportedly signed a deal with grocery retail platform BigBasket
Coronavirus vaccine side-effect: What is 'COVID arm'? Here's everything you need to know - Times of IndiaThe Times of India
With the onset of the novel coronavirus, scientists and medical professionals have been trying to study the virus and understand its intricacies, which has now led to the development of various COVID vaccines in and around the world.
2021 Royal Enfield Classic 350 To Come With Tripper Navigation - ZigWheels.comZigwheels.com
The bike has been spotted with the revised instrument console for the first time
Google India to support 1 million women entrepreneurs in rural India - MoneycontrolMoneycontrol
In addition, the tech major is also launching $25 million grant under Google.org Global Impact Challenge for women and girls for non-profits and social enterprises in India and across the world.
Muthoot Finance Shares Fall After Chairman's Death - NDTV ProfitNDTV News
George Muthoot took charge as chairman in 1993, overseeing its expansion into more than 4,500 branches across the country and growing its market capital nearly eight folds in the past decade.
5G Will be Launched in India With New Rules for Telecom Industry - TelecomTalkTelecomTALK
The DoT has decided to introduce a much-needed change in the rules governing the telecom industry before 5G is launched in the country
Billionaire philanthropist MacKenzie Scott, formerly married to Jeff Bezos, ties knot with Seattle science teacher - The HinduThe Hindu
MacKenzie Scott is the world’s 22nd-richest person worth some $53 billion, according to Forbes.
Dual Airbags mandatory on new cars from April 1, 2021 - CarToq.comCarToq.com
The Ministry of Road Transport and Highways or MoRTH has just released a notification regarding dual airbags, which will now be mandated on passenger vehicles from April 1. This has been done keeping in mind the safety of the occupants. While the date for new…
Women's Day Special: Startup stories from 3 inspiring female entrepreneurs in India - Moneycontrol.comMoneycontrol
This Women's Day, Moneycontrol brings you a conversation with 3 female entrepreneurs in India who are blazing a trail in three very different fields. AI & Health, Fin Tech and Direct to Consumer. Presenting, Dreams Unlimited: Startup stories from 3 women entr…
SBI vs Axis vs HDFC vs ICICI: Latest Interest Rates On Fixed Deposit Compared - GoodreturnsGoodreturns.in
For risk-averse investors apart from savings accounts, fixed annuity, recurring deposit, and post office small savings schemes, a bank fixed deposit tend to be a common investment option. You can open a short-term, mid-term, or long-term FD with any of the to…
There’s no reason we can’t double growth in next 4-5 years: Rajni Bector, Mrs Bectors - Economic TimesThe Times of India
Mrs Bectors' founder on her journey from kitchen to bourses.
Astral Poly jumps 5% on fixing record date for 1:3 bonus share issue - Business StandardBusiness Standard
The company has fixed March 19 as the record date for the 1:3 bonus share issue
Gold slumps to 9-month trough as yields, dollar rally continues - CNBCCNBC
Gold prices slid more than 1% on Monday to a nine-month low.
Laxmi Organic IPO opens March 15, grey market premium zooms 100%; subscribe for long-term or listing gains? - The Financial ExpressGoogle News
Anupam Rasayan India IPO to open on March 12; price band set at Rs 553-555 - Moneycontrol.comMoneycontrol
The specialty chemicals maker aims to raise Rs 760 crore through its public issue which includes a reservation of 2.2 lakh equity shares for subscription by its employees.
International Women`s Day: SBI announces further concession to women home loan borrowers, check details her... - Zee NewsIndia.com
India s largest lender State Bank of India (SBI), offering further cheer to women borrower on International Women s Day, has announced reduction of interest on home loans by further basis points.
MTAR Technologies IPO GMP: Grey market premium surges; check share price and listing date - India TV NewsIndia TV News
MTAR GMP Today: The Rs 597-crore initial public offering of MTAR Technologies received an overwhelming support from investors. It was subscribed more than 200 times. According to data available on the exchanges, the IPO received bids for 145.79 crore equity s…
OYO vs Zo – Zostel claims victory while the Ritesh Agarwal-led firm says there’s still room to win - Business Insider IndiaBusiness Insider India
OYO and Zo Rooms have been in a legal tussle for over three years now. The dispute was over the merger between OYO and Zo Hostels, where the latter said it
Natco Pharma share price rises nearly 8% after marketing partner gets final US FDA approval - Moneycontrol.comMoneycontrol
The share touched a 52-week high of Rs 996 and a 52-week low of Rs 402.55 on 07 December 2020 and 25 March 2020, respectively.
On International Women's Day, consider these assets to compound your returns - Moneycontrol.comMoneycontrol
Asset allocation is how you must decide the level of risk you are willing to take for returns you will generate. Usually, the younger you are, the more risk you can take.
Apple to soon make iPhone 12 in India, shift 7-10% of capacity from China - Business StandardBusiness Standard
iPhone 12, according to sources in the know, will be manufactured at the Hon Hai Precision Industry (Foxconn) facility in Tamil Nadu - both for the domestic as well as well as the export market
Aarti Drugs share price jumps 7% as arm gets approval under pharma PLI scheme - Moneycontrol.comMoneycontrol
The share touched a 52-week high of Rs 1,026.95 and a 52-week low Rs 105.25 on 08 October 2020 and 23 March 2020, respectively.
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.
BEML surges 13% as report suggests Tata, Mahindra eyeing stake in firm - Business StandardBusiness Standard
The board approved the appointment of M/s Deloitte Haskins & Sells LPP, as Consultant for advising, undertaking and implementing demerger of non-core assets of BEML
Gold Rate Today, 8 March 2021: Gold Price Recovers From Nine-Month Low. Check Rates in Noida, Delhi And Mumba - India.comIndia.com
Gold Price Today: Following the marginal hike, the price of 22-carat gold in Delhi rose to Rs 43,860 from Rs 43,850. In Mumbai, the yellow metal was trading at Rs 43,520 per 1o gram after an increase of Rs 10.
Adani Ports shares hit 52-week high as board approves Rs 800 crore investment by Windy Lakeside - Moneycontrol.comMoneycontrol
Research firm Citi has kept a buy rating on the stock with a target price of Rs 935.
Easy Trip IPO opens today: All you must know before hitting subscribe - Business StandardBusiness Standard
Easy Trip has no listed peers in the domestic market, having a similar operating model although it faces competition from private players like Cleartrip, MakeMyTrip and Yatra Online
GLOBAL MARKETS-Shares, dollar cheer U.S. stimulus, bonds downcast - Investing.com IndiaInvesting.com
The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.
Buzzing Stocks | Adani Ports, Aarti Drugs, NMDC, DCB Bank, Emkay Global, Tata Chemicals, India Grid Trust - Moneycontrol.comMoneycontrol
The Indian market made a smart comeback last week with benchmark indices rising over 2 percent. However, weakness in the last two sessions cut profits and pulled Nifty back below the psychological 15,000 mark. Improving macro numbers and a strong showing from…
New Tata Safari Waiting Period Details; Top Variants In Demand - India Car NewsIndiacarnews.com
Launched in mid February 2021, the new Tata Safari 6/7-seater SUV has been doing really well for the carmaker. Last month, the company dispatched 1,707 units of the SUV to its dealers across the country. The higher trim XZA+ with Orcus White and Royal Blue pa…
Ethereum, Litecoin, and Ripple's XRP – Daily Tech Analysis – March 8th, 2021 - FX EmpireFX Empire
It's a bullish start to the day for the majors after yesterday's late rally. Steering clear of the pivot levels would leave resistance levels in play.
Birla Sun Life plans1 raise ₹5,000 crore from share sale - MintLivemint
Aditya Birla Sun Life Asset Management has started talks with potential merchant bankers for the IPO, which is likely to be launched in the June quarter, said the people cited above
India’s Crypto Ban Uncertain as Finance Minister Touts a Window for Experiments - CryptoPotatoCryptoPotato
India's Finance Minister said that the country will be liberal towards innovations in the digital asset world to align with fast-paced technological advancements.
‘Foolhardy’ to ignore Alpine, Ferrari threat – Aston Martin - Motorsport WeekMotorsport Week
Aston Martin boss Otmar Szafnauer says the team must remain wary of Alpine and Ferrari in spite of outlining its
Scrappage Policy update: More details revealed - India TodayIndia Today
While the Scrappage Policy is yet to be announced, there is a new update which involves scrapping your old car. Read on as we tell you about one of the financial benefits you will get on scrapping your old car.
Gold prices down over 20% from highs. Should you invest? - Hindustan TimesHindustan Times
Gold has been falling for the past few months and has lost more than 20% in value from the highs witnessed in August last year.
Energy & Precious Metals - Weekly Review and Calendar Ahead By Investing.com - Investing.comInvesting.com
Energy & Precious Metals - Weekly Review and Calendar Ahead
India Inc's business confidence highest in decade: FICCI Survey - Economic TimesThe Times of India
The Index had stood at 70.9 in the previous survey and 59 a year ago, noted the survey. It revealed recovery of demand conditions, improved capacity utilisation and a promising outlook on various operational parameters.
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…
LIC to sell stake in IDBI Bank to ease process of disinvestment - BusinessLineBusinessLine
Government intends to complete the process in FY21-22
How to check PF balance without Universal Account Number - Hindustan TimesHindustan Times
For checking EPF balance without UAN number, users will need to log into their account through the EPF homepage at epfindia.gov.in.
US government scientists skeptical of one-shot regimen for Pfizer, Moderna covid vaccines - LivemintLivemint
Some members of Congress have urged to allow for just one dose to speed up vaccinations
Hackers breach thousands of Microsoft customers around the world - MintLivemint
The Chinese hacking group, which Microsoft calls Hafnium, appears to have been breaking into private and government computer networks through the company’s popular Exchange email software for a number of months