Business news 10 Feb, 2021

Share Market LIVE: Sensex recoups some losses, but still in red, Nifty nears 15,100; Titan, L&T top drags - The Financial Express

Petrol prices may go as high as ₹100 a litre unless duties are cut - Business Insider India

TCS to recruit 1,500 tech staff in UK - Moneycontrol

The Mumbai-headquartered company has grown its business in the UK almost four-fold over the last decade entirely organically, making it one of the largest providers of IT and IT-enabled services in the nation. TCS is also one of the UK's largest recruiters of…

Royal Enfield 650 Cruiser Spotted On Test Revealing New Details - GaadiWaadi.com

Royal Enfield 650 Cruiser is expected to go on sale later this year and it will more likely use the same 648 cc parallel twin

Renault Kiger Subcompact SUV India Launch Details Out - carandbike

India is the first market to get the Kiger and will also be the base for the production of the car. Renault India is looking to export the car as well from India just like the Kwid and Triber.

Pre-Budget jitters pummel 70% PMSes into the red in January; large, multi-cap funds bleed the most - Moneycontrol.com

Basant Maheshwari Wealth Advisers' Equity Fund was the biggest loser in January, dropping 8.09 percent on a month-on-month basis.

How 7 'shameless' countries failed in their COVID-19 response - Yahoo India News

A leading Australian epidemiologist has criticised several countries who should have been in a position to keep Covid infection rates low.

India's Biological E aims to produce 60 crore doses of Johnson & Johnson covid vaccine a year - Mint

The Johnson & Johnson covid vaccine is currently under regulatory review in the US

Tata Motors gets notice from Delhi Transport Dept; buyer says Nexon EVs range not 312 km - Republic TV

Delhi Transport Department has issued a show-cause notice to Tata Motors, seeking its reply in connection with a complaint filed over the performance of its EV

Capri Global Consolidated December 2020 Net Sales at Rs 190.80 crore, up 4.7% Y-o-Y - Moneycontrol.com

Maruti Suzuki’s premium retail arm Nexa touches 1.3 million sales - Times of India

News News: Maruti Suzuki retails the likes of Baleno, Ciaz, XL6, Ignis and S-Cross through the Nexa network. Maruti informed that the S-Cross has doubled the ave

Max Estates leases 80,000 sq ft office space at Noida Max Towers to Cyril Amarchand Mangaldas - Moneycontrol.com

The company recently leased 62,500 sq ft to Yes Bank and 7,300 sq ft to DBS. The latest deal takes the total leased area at Max Towers to nearly 90 percent of the total around 5.3 lakh sq ft

Muthoot Finance share price up 4% on robust Q3; Motilal Oswal retains buy - Moneycontrol.com

Motilal Oswal has increased EPS estimates by 6–7 percent, factoring in stronger growth and lower opex and has maintained buy with target of Rs 1,500 per share.

Polyplex Corporation announces interim dividend of ₹100 per share - Mint

Record date for the purpose of payment of dividend has been fixed at February 19: Polyplex Corporation

EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar - Moneycontrol.com

LIC's`contrarian’ strategy when investing in equity markets, to sell when the sentiment is bullish and buy when the mood is bearish, has paid rich dividends

EXCLUSIVE: Tech Mahindra CFO says talent is getting expensive but clients are willing to pay the premium - Business Insider India

The demand-supply gap between fresh talent and the skill demands of the IT services industry is only going to increase in the coming days. Tech Mahindra points

Elon Musk’s SpaceX Accepting Preorders For Starlink Satellite Broadband; Coming To India This Year? - News18

Elon Musk’s SpaceX is extending the testing phase of the Starlink satellite broadband service is now accepting preorders from anyone who may want to get access.

What should investors do with Adani Ports post Q3: Buy, sell or hold? - Moneycontrol.com

The company’s consolidated Q3 net profit jumped 15.4% at Rs 1,561.47 crore versus Rs 1,352.17 crore in the same quarter last year.

Watch out Tesla: Audi showcases e-tron GT, its most ambitious EV ever - HT Auto

The e-tron GT is the most powerful EV Audi has ever made, with 470 hp of peak power..The Audi e-tron GT will also get an RS version with peak power of 590 hp..The 2022 Audi e-tron GT will get an overboost mode in both versions which further hike performance f…

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

Mitessh Thakkar of mitesshthakkar.com recommends buying PAGE Industries with a stop loss of Rs 30,000, target at Rs 31,000 and SBI Life Insurance with a stop loss of Rs 874, target at Rs 920.

Reddit User Claiming To Be Tesla Insider Now Says Bitcoin Posts Were Not True - NDTV

A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker's purchase of bitcoin said on Tuesday that his assertions were not true.

Stocks to watch: Tata Steel, IndiGo, Eicher Motors, Titan, Burger King - Business Standard

Eicher Motors, Titan Company, GAIL India and Hindalco Industries are the four Nifty companies slated to post their December quarter numbers today

MG Hector Petrol Automatic To Get Affordable By About Rs 50k - RushLane

MG Hector is currently offered with petrol DCT automatic. It will now also be offered with a more affordable CVT automatic option.

Explained: The significance of crude crossing $60 a barrel - The Indian Express

Why has the price of crude oil risen sharply? How will this impact India?

Future Group Lenders Look To Restructure Debt By March 31 - BloombergQuint

Lenders plan to move ahead with restructuring Future Group debt under RBI’s one-time restructuring scheme.

CNBC-TV18's top stocks to watch out for on February 10 - CNBCTV18

The Indian market is likely to open higher on Wednesday as the trend on SGX Nifty indicates a positive start for the broader index in India. The Nifty futures were trading 31.00 points or 0.21 percent higher at the 15,148.00 level on the Singaporean exchange …

Existing laws inadequate to deal with crypto: Govt - Times of India

India Business News: The government on Tuesday said that existing laws are inadequate to deal with cryptocurrency. It has proposed to introduce a legislation to keep an ey

How to maximise returns on fixed deposits and avoid penalty on premature withdrawal - Times Now

Following these techniques can help you maximise returns on your fixed deposits and also you can avoid penalty on premature withdrawal.

India Has a Backdoor Entry Into Digital Currency. Will It Take It? - BloombergQuint

‘Retail Direct’ is an idea that could go far, writes Andy Mukherjee.

IndiGo, Sebi settle over Gangwal case - Mint

The airline paid the market regulator to settle complaints of related party transactions and violation of corporate governance norms

Salesforce says 'the 9-to-5 workday is dead,' and will provide 3 new ways for employees to work - including th - Business Insider India

Salesforce announced it will offer three different ways of working going forward. The flex option will allow employees to come into the office up to three

India and Nigeria's Crypto Crackdowns Continue Old Trends - CoinDesk - CoinDesk

Both nations hope to prevent banks from providing services to crypto companies.

India to pip EU as world's 3rd largest power consumer by 2040: IEA - Times of India

India Business News: India will dislodge the European Union as the world’s third-largest energy consumer by 2030 as urbanised population expands and rapid economic growth

OnePlus co-founder Carl Pei’s ‘Nothing’ to launch wireless headphones among other products - XDA Developers

OnePlus co-founder Carl Pei has confirmed that is new company 'Nothing' is working on a pair of wireless headphones among other smart products

InterGlobe Aviation pays ₹2.10 crore to SEBI to settle alleged violation of norms - Mint

SEBI initiated an investigation against the airlines after it had received several complaints from its co-founder and director Rakesh Gangwal.SEBI disposed of the proceedings against InterGlobe Aviation, according to news agency

Delhi, Hyderabad airports receive ACI recognition - The Siasat Daily

New Delhi: GMR-run Indira Gandhi International Airport (IGIA) in New Delhi and Rajiv Gandhi International Airport (RGIA) in Hyderabad have received the ACI (Airports Council International) world's prestigious 'Voice of Customer' recognition. Both airports hav…

Qualcomm X65 debuts - the world's first 10 Gbps 5G modem - GSMArena.com news - GSMArena.com

This is 100x faster than early LTE modems. The first devices using the X65 and the cheaper X62 will be out before the end of the year.

Volkswagen explores flying cars in China - Economic Times

In an interview with Volkswagen CEO Herbert Diess on Linkedin, the carmaker's China head Stephan Woellenstein said the company wanted to develop a drone that could be licensed, giving it a way to participate in this future market.

Renault India commences mass production of Kiger sub-4 meter compact SUV - CarToq.com

Renault India had recently unveiled their all-new sub-4 meter SUV Kiger. It will be the latest vehicle to be introduced in this highly competitive segment. Renault has now started mass production of the SUV before official launch. Renault India has started th…

Congress troll tries to defame India’s vaccine diplomacy by spreading falsehood about Coronavirus expiry rate: Here are the facts - OpIndia

Congress troll and conspiracy theorist Saket Gokhale resorted to scaremongering against the Coronavirus vaccination programme in India. | OpIndia News

India Backs AstraZeneca, Orders 10 Million New Doses - NDTV

India said on Tuesday it had no concerns over the efficacy of the AstraZeneca COVID-19 vaccine despite South Africa putting it on hold, and ordered 10 million more doses of the shot for its own huge immunisation campaign.

Jio, Airtel & Vodafone Idea apply to bid in spectrum auctions - ETTelecom.com

Telecom market leader Reliance Jio, second ranked Bharti Airtel and financially stressed Vodafone Idea have filed applications for participation in the upcoming 4G spectrum auctions, due to start on March 1, industry executives told ET.

Rakesh Jhunjhunwala-backed gaming platform raises ₹100 crore ahead of proposed IPO - Mint

Mumbai-based mobile gaming company, backed by big bull Rakesh Jhunjhunwala, filed initial public offering documents in January.Nazara has invested over ₹300 crore in the last five years in the Indian gaming ecosystem

Adani Ports & SEZ Q3 consolidated profit up 16% to Rs 1,576 crore - Moneycontrol.com

The country’s largest integrated logistics player had clocked a consolidated profit of Rs 1,356.43 crore in the corresponding period a year earlier, the company said in a regulatory filing to the BSE.

What is going on with Elon Musk, Doge, Tesla and Bitcoin? Here is the story so far - India Today

Musk’s Tesla on Monday announced that it invested $1.5 billion in the cryptocurrency. Tesla also mentioned the possibility of accepting payments in bitcoin, in the near future. Bitcoin’s value as of Tuesday is $47,000.41 which is over Rs 34 lakh.

Your Essential Clubhouse Guide — how it works, how to get in and other vital details - Moneycontrol

The audio-based social network is the rage, drawing in top investors and celebrities to its chatrooms along with thousands of users. Here is what you need to know about Clubhouse.

Wistron looking to resume operations in Apple iPhone plant near Bengaluru - The News Minute

Production at the Apple iPhone manufacturing plant in Kolar district near Bengaluru run by Taiwanese manufacturer Wistron is set to begin soon for the first time after the facility was shut in December 2020 after incidents of violence. TNM had reported how on…

Novel blood cancer drug developed by Alembic Pharma's associate Rhizen gets US approval - Moneycontrol.com

Umbralisib has peak market size potential to reach $1 billion - $1.5 billion

India orders 14.5 million more COVID-19 vaccine doses as campaign expands - Mint

India's drug regulator says SII's COVISHIELD vaccine is about 72% effective, while Bharat Biotech says COVAXIN’s last-stage trial results are expected by March

5G Trials in Limited Area and Time to Start in Next 2 to 3 Months: DoT - TelecomTalk

The Department of Telecommunications (DoT) has informed the parliamentary panel on IT that 5G trials will start in two to three months

Over 5 million healthcare, frontline workers given COVID-19 vaccine in 21 days, says Indian government - Business Insider India

New Delhi, More than 50 lakh healthcare and frontline workers have been vaccinated against coronavirus in 21 days in India which is the fastest rate in the

Equity Mutual Funds See Outflows For Seventh Straight Month - BloombergQuint

Investors pulled out a net Rs 9,253.22 crore from equity mutual funds in January.

Cure.fit acquires Fitternity; to build a fitness network - YourStory

Cure.fit has announced the acquisition of the Bengaluru-based fitness aggregator platform Fitternity. The details of the deal were undisclosed, but post this acquisition, Fitternity will continue to operate independently.

2021 Triumph Tiger 850 Sport Launched In India; Priced At Rs. 11.95 Lakh - carandbike

The 2021 Triumph Tiger 850 Sport is the brand's most affordable adventure tourer and borrows heavily from the Tiger 900, albeit designed for better on-road mannerisms.

Rupee Rises 8 Paise to 72.89 Against US Dollar in Early Trade - News18

The rupee appreciated by 8 paise to 72.

Gold prices and the relationship with uncertainty and Bitcoin, explained - Moneycontrol.com

A guide to what investors know about the movement of gold prices in times of economic uncertainty.

STEL Holdings Consolidated December 2020 Net Sales at Rs 0.09 crore, down 85.44% Y-o-Y - Moneycontrol.com

Balaji Amines Stock Hits A Record High As Volumes Jump In Q3 - BloombergQuint

Balaji Amines’ total volumes for the third quarter stood at 28,353 million tonnes, a rise of 34% over the year earlier.

Gold Price Decreases In Capital City Bhubaneswar On Tuesday - Kalinga TV

Shares Of US Bio Pharma Company That Struck A Deal With Bharat Biotech For Covaxin Surge 200 Per Cent In NASDAQ - Swarajya

Under the deal, Ocugen will to develop and commercialize Bharat Biotech’s Covaxin for the US market

CNBC-TV18's top stocks to watch out for on February 9 - CNBCTV18

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 …

Top stocks in focus: Wipro, Torrent Pharma, NMDC, Jindal Stainless (Hisar), Tata Steel - Indiainfoline

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

US Court Seeks Status Report On Visas To Family Members Of H1-B Holders - NDTV

A US court has asked for a joint status report by March 4 on the prospects of work authorisation for H-4 visas, in view of the decision of the Biden administration to withdraw a Trump-era move to rescind work authorisation to certain categories of spouses of …

RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10 - Business Standard

The central bank on Friday devolved nearly the entire bond auction on primary dealers, as the markets were demanding higher yields for five-year and 10-year bonds being sold

7 Gifts Your Boyfriends Secretly Want From Y’all On Valentine’s Day - iDiva.com

Valentine’s Day is always a difficult occasion to find presents for. Whether you’ve been dating for only a couple of months or you’ve been together for decades, getting an accurate gift that your boyfriend is actually craving can turn out to be an Olympic spo…

Trade setup for Tuesday: Top 15 things to know before Opening Bell - Moneycontrol.com

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.

Future-Reliance Retail Deal: Status Quo Lifted By Delhi High Court - BloombergQuint

Delhi High Court lifts the status quo on the Future Retail-Reliance Retail deal.

1.2 lakh HCL Tech employees to get one-time bonus - Moneycontrol

The bonus is to celebrate HCL Tech $10 billion revenue milestone for the year ending December 2020. The employee bonus payout is worth over Rs 700 crore.

2021 MG ZS EV launched at Rs 20.99 lakh, range jumps to 419 kilometres - Times of India

Cars News: The top-of-the-line exclusive variant is priced at Rs 24.18 lakh (ex-showroom). The facelifted avatar comes within a year of launch. The improved batt

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.