Business news 12 Mar, 2021
Anupam Rasayan IPO: Grey market premium, other details in 10 points - MintLivemint
Many brokerages have recommended subscribe to Anupam Rasayan IPO despite the issue being aggressively priced.
All-new Toyota Fortuner Legender reimagined as a police car - CarToq.comCarToq.com
Toyota launched the Fortuner Facelift in January. Along with it, they launched the Legender variant of the Fortuner, which comes with more features and a more sporty and aggressive look. The Fortuner is known for its capability, road presence and reliability.…
Explained: Why have Sebi’s new AT1 bond norms raised a storm among mutual funds? - The Indian ExpressThe Indian Express
The Finance Ministry has asked the regulator to withdraw the changes as it could lead to disruption in the investments of mutual funds and the fund-raising plans of banks.
Gold prices drop near lowest in a year, buying picks up in India - MintLivemint
Gold rates in India are down about ₹12,000 from August highs.Some analysts say that says that jewellery demand will provide support to gold around current prices
WHO approves Johnson & Johnson's Covid-19 vaccine for emergency use - MintLivemint
'Every new, safe and effective tool against Covid-19 is another step closer to controlling the pandemic,' WHO chief Tedros Adhanom Ghebreyesus said in a statement
6 ways to reduce investment risk on your portfolio - MintLivemint
While asset allocation of your portfolio is largely dependent on equity, debt and cash, it also depends on many personal factors such as your age, risk tolerance, savings and financial goals
Tesla investor sues Elon Musk, claims tweets violate SEC settlement - Times of IndiaThe Times of India
International Business News: Tesla Inc chief executive Elon Musk has been sued by a shareholder who accused him of violating his 2018 settlement with the US Securities and Exchang
Laxmi Organic Industries IPO: 10 key things to know before subscribing the issue - Moneycontrol.comMoneycontrol
The initial public offering opens for bidding on March 15 and closes on March 17, 2021.
BMW Narrows Gap To Mercedes In Feb 2021 In India; Just 23 Units Shy - GaadiWaadi.comGaadiWaadi.com
BMW India sold a total of 626 units in February 2021 as against 755 units during the same period last year with the least YoY de-growth of them all
Thieves In Maruti Baleno Steal Toyota Innova From A Gated Society - CCTV Footage - RushLaneRushlane.com
Thieves arrived in a Maruti Baleno inside a gated society with security and still managed to get away with a Toyota Innova Automatic.
Huawei Among 5 Chinese Firms Posing "Risk To US Security": Federal Agency - NDTVNDTV News
The Federal Communications Commission (FCC) on Friday designated five Chinese companies as posing a threat to national security under a 2019 law aimed at protecting U.S. communications networks.
Honda to recall several units of H'ness CB350 bikes. Here's why - HT AutoHindustan Times
Honda H'ness CB350 may have a potential fault in its transmission unit..Honda H'ness CB350 was launched in October and rivals options in the Royal Enfield and Jawa camps.
Petrol and diesel prices remain unchanged for 2 weeks as five states prepare for upcoming polls - Free Press JournalFree Press Journal
Industrial production returns to contraction in January, retail inflation at 3-month high in February - Moneycontrol.comMoneycontrol
The dual economic challenge continues in 2021 as a fragile manufacturing sector drags down industrial production in January while the ripple effect of higher fuel prices continues to raise inflation in February.
Vodafone Idea plans to raise $750 million via convertible debentures - Business StandardBusiness Standard
Promoters to dilute stake post conversion
Xiaomi wins court ruling blocking US ban on smartphone maker - MintLivemint
US District Judge puts a temporary halt to the ban, siding with Xiaomi in a lawsuit that argued that the move was ‘arbitrary and capricious’ and deprived the company of its due process rights
Coronavirus | Novavax reports 96.4% efficacy on original virus - The HinduThe Hindu
Serum Institute in deal with U.S. based biotech firm to manufacture several doses
Can gold price break free of Treasury markets? Analysts zero in on this trigger - Kitco NEWSKitco NEWS
FinMin to soon infuse Rs 14,500 cr in banks under PCA: Report - Business StandardBusiness Standard
Indian Overseas Bank, Central Bank of India and UCO Bank are currently under this framework that puts several restrictions on them, including on lending, management compensation and directors' fees
Tatas to buy BigBasket for more than $1 billion - MintLivemint
Tata Digital to acquire 64.3% stake in online grocery startup
Adani Transmission wins Rs 1,300-crore power transmission project in MP - Business StandardBusiness Standard
Project involves setting up 16 new sub-stations and strengthening existing power supply network
Gautam Adani becomes top gainer this year so far, beats Jeff Bezos and Elon Musk - Economic TimesThe Times of India
The Indian who has added the maximum wealth among all the billionaires across the globe is the founder of the Adani group. Gautam Adani has added over $16-billion to his current net worth of $50-billion since the beginning of the current year. Warrant Buffett…
Govt to sell 16.12% stake in Tata Communications through OFS, rest to Tata Sons arm - MoneycontrolMoneycontrol
The government holds 7,44.46,885 equity shares of TCL, which, at last closing price of Rs 1,289.75 per unit, stands at a value of over Rs 9,601 crore.
SBI Cards gets board's nod to raise up to Rs 2,000 cr via bonds - Economic TimesThe Times of India
The board of directors of the company, at its meeting held today (Friday), has approved raising of funds by way of issuance of non-convertible debentures (NCDs) aggregating to Rs 2,000 crore, it said in a regulatory filing.
YouTube To Deduct Taxes From Payments Outside US - GulteGulte
In a piece of upsetting news for creators based on YouTube all over the world, they now need to pay taxes for their earnings. Google said it would begin deducting US taxes from payments to creators. The creators who have been enjoying a great subscriber base …
Owner of Nissan Magnite explains why he bought Magnite over Kia Sonet - CarToq.comCarToq.com
Nissan India launched their all-new sub-4 meter compact SUV, Magnite in the market last year. The SUV competes with cars like Maruti Brezza, Kia Sonet, Hyundai Venue, Ford EcoSport, Tata Nexon and Mahindra XUV300 in the segment. When launched, Nissan Magnite …
Severe Allergy Added To AstraZeneca Covid Shot Side Effects: EU Regulator - NDTVNDTV News
Severe allergies should be added to the possible side effects of AstraZeneca's coronavirus vaccine after likely links were found to a number of cases in Britain, the EU's drug regulator said on Friday.
Ittira Davis resigns as CEO of Ujjivan Financial Services - BusinessLineBusinessLine
Ittira Davis has resigned as the MD and CEO of Ujjivan Financial Services Limited (UFSL) to take up a proposed directorship role on the board of Ujjivan Small Finance Bank Limited.In a regulatory fili
Shooting for the Stars: ISRO's Commercial Arm Bags Contracts to Launch 4 Foreign Satellites - News18News18
NewSpace India Limited has announced that it is all set to own and operate space assets such as satellites and launch vehicles on a commercial basis.
IIP: Industrial Output Drops In January - BloombergQuintBloombergQuint
Industrial production contracted by 1.6% in January.
Sharing and using friends' Netflix account no longer allowed? - LokmatLokmat.com
Sharing and using friends' Netflix account no longer allowed?
HDFC Bank to cover vaccination cost of employees, family members - Business StandardBusiness Standard
HDFC Bank will sponsor the inoculation of over 1 lakh employees of the bank and their immediate family members against coronavirus
Tesla in talks with India's Tata Power for EV charging infrastructure: Report - HT AutoHindustan Times
The talks between Tata Power and Tesla are in the initial stages and no arrangements have been finalised yet, the report said.
Why Sensex today fell over 1,000 points from day's high to end sharply lower - MintLivemint
Financial stocks sold off on the back of a broader rise in bond yields in the US and Europe
From EPF Contribution To TDS: Here Are The 5 Rules That Will Change From 1st April 2021 - GoodreturnsGoodreturns.in
While proposing the Union Budget 2021, Union Finance Minister Nirmala Sitharaman proposed a new streamlined income tax system to provide support to the salaried elite. The reforms to the income tax system that concern the salaried class will come into force o…
50% of PMS beat Nifty in February, mid & small-cap funds lead the charge - Moneycontrol.comMoneycontrol
Nine of the top ten funds in February 2021 were from the mid & smallcap space.
After The Bell: Profit-booking hits D-St; what should investors do on Monday? - Moneycontrol.comMoneycontrol
The Nifty has to decisively hold above 15,000 zones to witness an up move towards 15,200 and 15,300, while on the downside, immediate support exists at 149,00 then 14,800, say experts.
Kalyan Jewellers IPO to open next week. Should you subscribe? - MintLivemint
The company plans to raise ₹1,175 crore through the offer which comprises issuance of fresh equity aggregating up to ₹800 crore and an offer for sale (OFS) worth ₹375 crore
India fifth most attractive growth destination after UK: Survey - Economic TimesThe Times of India
Britain's attractions have changed as a result of becoming a separate country and location , Moritz told the Reuters Global Markets Forum, noting that U.S. and German companies appeared particularly favourable toward investing in the UK.
We have planned Rs 100-cr capex this year: Rajni Hasija, IRCTC - Economic TimesThe Times of India
Decision on resumption of normal train services soon, says Rajni Hasija, CMD, IRCTC.
Pfizer vaccine 97% effective in symptomatic Covid 19 cases: Study - Business Insider IndiaBusiness Insider India
New York, Pfizer-BioNtech's Covid-19 vaccine offers at least 97 per cent effectiveness in symptomatic Covid-19 cases, according to real world data published
New-gen Mahindra XUV500 continues testing; dashboard design leaked - CarWaleCarwale.com
The 2021 Mahindra XUV500 gets a dual-tone dashboard. The model is expected to be launched later this year.
This Airline In India Is Offering Rs 300 Covid Tests to Get People Flying - NDTVNDTV News
One airline in India has hit upon a new way to make a bit of extra money while encouraging people back on planes -- sell them Covid-19 tests.
Hero Splendor Plus, Passion Pro 100 Million Editions launched in India - BikeWaleBikewale.com
Hero MotoCorp has announced the launch of the 100 Million Editions of its existing models to celebrate the 100 million cumulative production milestone that the company achieved in January this year. The list includes the 100 Million Editions of the Splendor P…
Tata Model Wise Feb 2021 Sales - Tiago, Nexon, Harrier, Safari, Altroz - GaadiWaadi.comGaadiWaadi.com
Tata continued to be the third largest carmaker in the country in the month of February 2021 with a healthy YoY sales growth of 119 per cent
Infosys to hire 500 people with Google Career Certificates in US over next two years - Moneycontrol.comMoneycontrol
Infosys, Accenture and Cognizant are among over 130 firms who will be hiring people with Google Career Certificates in the US. In India, the company is working to make certificates more accessible and launch an employer consortium, said Sundar Pichai, CEO, Go…
2021 KTM RC 200 spotted testing in India - Team-BHPTeam-BHP
The 2021 KTM RC 200 has been spotted testing in India. It may be recalled that in December 2020, the bike was seen undisguised on the production floor.The bike gets a new fairing with a hexagonal headlamp, turn-indicators integrated into the front fascia, new…
Tata Motors: To Buy or Sell? - Investing.com IndiaInvesting.com
The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.
American Tower Corp appoints Sanjay Goel as executive VP and president of Asia-Pacific region - ETTelecom.comThe Times of India
American Tower Corporation has appointed Sanjay Goel as Executive Vice President and President, Asia-Pacific, succeeding Amit Sharma, who will serve as Chairman of the Company’s Asia-Pacific region and as Special Advisor to the CEO until his retirement on Jul…
Airtel says to bear covid-19 vaccination cost for all employees - ETTelecom.comThe Times of India
The Sunil Mittal-led telco is currently looking at partnering with health care providers to vaccinate its employees and their families.
Anupam Rasayan IPO Fully Subscribed, Retail Portion Booked 2 Times On Day 1 - Moneycontrol.comMoneycontrol
The offer size was reduced to 97.01 lakh shares after the company raised Rs 225 crore from anchor investors on March 10.
China Eyes Record Monopoly Fine Near $1 Billion For Alibaba: Report - NDTVNDTV News
China is considering imposing a record fine of nearly $1 billion on e-commerce giant Alibaba for allegedly flouting monopoly rules, according to a report, as authorities continue to put the screws on the firm as part of a crackdown on the technology sector.
Buy Hyundai Cars At Discounts Of Up To Rs 1.5 Lakh This March - CarDekhoCardekho.com
Buyers can grab an exchange bonus of up to Rs 30,000 on select Hyundai cars Kona Electric carries maximum benefits of up to Rs 1.5 lakh. The 2020 Elantra gets discounts of up to a lakh. Offers on the Santro, Grand i10 Nios, and Aura vary depending o…
SBI Life’s valuation comes under brief pressure as BNP Paribas exits - MintLivemint
BNP Paribas Cardiff has reportedly launched a share sale to offload at least 3.5% of its stake in the life insurer. But the valuation even at the upper end of the price band of ₹870-917 per share is lower than the market value as of Wednesday
Rakesh Jhunjhunwala-backed Nazara Technologies IPO opens next week; grey market premium strong - The Financial ExpressGoogle News
This 167 Year Old Company Giving a 2-Week Salary Bonus To All 15,000 Indian Employees! - Trak.inTrak.in
This 167 Year Old Company Giving a 2-Week Salary Bonus To All 15,000 Indian Employees!PricewaterhouseCoopers Private Limited, or PwC India, has announced that all the employees of the company, as many as 15,000 employees, will be granted a one time b
Suryoday Small Finance Bank IPO to open on 17 March - MintLivemint
The proceeds from the issue will be used to augment tier-1 capital base to meet future capital requirements. As of March 2020, the lender's CRAR was at 29.57%--tier 1 capital of 28.61%--the highest among small finance banks
A digital artist just sold a JPG file for $69 million - MintLivemint
The sale of the work for $69,346,250 put Beeple in the top three most valuable living artists, Christie's announced on Twitter
10 things you need to know before the opening bell on March 12 - CNBCTV18CNBCTV18
The Indian market is likely to open on a subdued note on Friday as the trend on SGX Nifty indicates a flat start for the broader index in India. The Nifty futures were trading 3.50 points or 0.02 percent lower at the 15,415.50 level on the Singaporean Exchang…
US Group Opposes Biden Admin's Steps on H1B Visas - News18News18
A US group on Thursday opposed the move of the Biden administration to reverse some decisions of the previous Trump administration with regard to H-1B visas, in particular going back to the lottery system for allocation of this most sought after work visa for…
Top headlines: Future revs up JVs amid Amazon row, PSU privatisation list - Business StandardBusiness Standard
Global money manager BlackRock just delivered a double-barreled warning on the merits of holding traditional haven gold right now. Read top stories today
Asian stocks set for gains as bond yields dip By Reuters - Investing.comInvesting.com
Asian stocks set for gains as bond yields dip
Facebook Adds New Monetization Options for Creators, Including Ads in Short Video Clips - Social Media TodaySocial Media Today
Facebook is launching more monetization tools for creators, including a focus on short video clips.
S&P 500, Dow Jones hit record highs after upbeat jobless claims data - Moneycontrol.comMoneycontrol
The blue-chip Dow hit an all-time high for the fourth straight session, while the tech-heavy Nasdaq is now about 5 percent below its February 12 record close after slumping as much as 12 percent from that level last week.
ProxyLogon PoC Exploit Released; Likely to Fuel More Disruptive Cyber Attacks - The Hacker NewsInternet
A public PoC exploit has been released for ProxyLogon Microsoft Exchange vulnerability.
SpiceJet offering RT-PCR COVID-19 tests for Rs 299 to passengers - MoneycontrolMoneycontrol
SpiceJet passengers will be able to book an RT-PCR test on the company's website; to avail the discounted rate they would have to provide their PNR number.
Samsung sets up innovation lab at Delhi Technological University - MintLivemint
Engineers at Samsung R&D Institute, Noida, will work on collaborative research projects with DTU students and faculty members, the company said
Explained: What new ‘trusted telecom’ rules mean for telcos using Chinese equipment - The Indian ExpressThe Indian Express
What impact will these new rules have on existing telecom companies like Bharti Airtel, Vodafone Idea, BSNL and others? We explain.
IDBI Bank is free of RBI’s intensive care, but will it fly? - MintLivemint
IDBI Bank's provision coverage ratio is now 97% and its net non-performing assets are below 2% from the peak of 18.76%.The bank has also improved its leverage ratio and jacked up its provision coverage ratio to cover for risky assets