Business news 13 Feb, 2021
ByteDance In Talks To Sell Its Indian TikTok Assets: Report - NDTVNDTV News
ByteDance Ltd. is said to be exploring a sale of the India operations of TikTok to rival unicorn Glance, in an attempt to resuscitate the once-thriving short video sharing app that's been banned indefinitely in the South Asian nation.
Maruti Suzuki Dzire VXi Gets New Music System - GaadiWaadi.comGaadiWaadi.com
The Maruti Suzuki Dzire currently puts up against the likes of the Honda Amaze, Hyundai Aura, Tata Tigor as well as the Ford Aspire in the Indian market
Amazon Is Working on Digital Currency Solutions— Pilot Project Set to Launch in Mexico – News Bitcoin News - Bitcoin NewsBitcoin.com
The e-commerce giant Amazon is preparing to explore the crypto business, as a recent job listing suggests.
Royal Enfield Classic 350 Prices Go Up Ahead Of New-Gen's Arrival - GaadiWaadi.comGaadiWaadi.com
The Royal Enfield Classic 350 range gets a price hike of up to Rs. 10,000 with no mechanical or visual changes
Small & midcaps outperform! Over 40 stocks in BSE500 rose 10-30% in a week - Moneycontrol.comMoneycontrol
The Budget momentum continued for the second consecutive week in a row especially in the small & midcap space which are a play on the big CAPEX spend from the government, suggest experts.
Petrol, Diesel Prices Hiked Again; Petrol Nears Rs. 95/Litre Mark In Mumbai - carandbikeCarandbike.com
Petrol and diesel prices have been revised for the fifth straight day across all metro cities. With a hike of 30 paise, petrol currently retails at Rs. 88.14 per litre, while diesel rates were increased by 36 paise to Rs. 78.74 per litre in Delhi.
Twitter chief Jack Dorsey teams with Jay-Z to back bitcoin - MoneycontrolMoneycontrol
Dorsey, who is also founder and chief of financial services and mobile payments firm Square, said in a tweet that he and Jay-Z are giving 500 bitcoin to fund an independent endowment called "Btrust."
The Mutual Fund Show: Know When And How ETFs Are Good For You - BloombergQuintBloombergQuint
ETFs are cheaper mode of investments. Read to know how to invest in them and rebalance your portfolios.
Nureca IPO: Raises Rs 44 crore from anchor investors; issue opens on Feb 15, should you subscribe? - The Financial ExpressGoogle News
2021 Honda X-ADV is the scooter of your wildest dreams - HT AutoHindustan Times
2021 Honda X-ADV has gained a slew of new updates which include tweaked exterior design and new features..Honda has changed the ergonomics of the X-ADV scooter with repositioned handlebar and a reshaped seat which now gets a narrower inseam.
An inside look at Ather's new factory and its now bigger dreams in EV world - HT AutoHindustan Times
Ather Energy is looking at expanding to newer cities in the country and the Hosur factory is its way of scaling up production..The new Ather factory is capable of producing 9,700 units of 450X e-scooter every month.
Top 5 Changes In 2021 Royal Enfield Himalayan - GaadiWaadi.comGaadiWaadi.com
The Royal Enfield Himalayan continues to draw power from a 411 cc air-cooled single-cylinder engine that produces 24.3 PS power at 6,500 rpm, and 32 Nm torque between 4,000 - 4,500 rpm
EaseMyTrip plans ₹510 cr IPO amid slump in travel - MintLivemint
The company will look to exploit a surge in liquidity in primary markets that has led to blockbuster demand for IPOs in recent months.There is a lot of liquidity in the market right now, and that has been driving IPO deals
2021 Jawa 42 BS6 detailed on video - CarToq.comCarToq.com
Classic Legends launched the facelifted or updated version of the Jawa 42 motorcycle in the market yesterday. Jawa motorcycles were re-launched in the market couple of years ago and became a popular choice among buyers who loved the retro motorcycles. Jawa cu…
Big news for train passengers! Indian Railways may open up all passenger services in April - The Financial ExpressGoogle News
Lufthansa sacks 103 India-based employees - Bangalore MirrorThe Times of India
A Lufthansa spokesperson said that severe financial impact of the pandemic has left it with no choice but to restructure the airline and as part of that, “it will not be extending the fixed-term empl
Qualcomm seeks to block NVIDIA's $40 billion bid to buy ARM - PhoneArenaPhoneArena
Qualcomm is objecting with regulators in various countries about NVIDIA's $40 billion bid to purchase ARM. The latter is known for its CPU cores and is also the third largest supplier of graphic ...
India set for funding wave with flurry of IPOs in 2021 - MintLivemint
The combined value of internet startups can cross $180 bn by 2025, shows report
Life without Google: Australia is now facing the unthinkable - Deccan HeraldDeccan Herald
Imagine a world without Google, the search engine so pervasive it’s the starting point for more than five billion queries a day. That’s the reality facing Australia, where the tech giant is threatening to unplug its homepage in a standoff with the government.
NCLT raps Amazon in Future case: Dont be a perpetual objector - Business StandardBusiness Standard
Says it has no locus standi in Future's plea to hold shareholder meeting; reserves order
India finally bans cryptocurrencies, gives investors six months to liquidate their assets By BTC Peers - Investing.comInvesting.com
India finally bans cryptocurrencies, gives investors six months to liquidate their assets
New India Assurance Q3 net profit rises 5.9% to Rs 524 crore - Moneycontrol.comMoneycontrol
Gross premium written during the reported quarter rose to Rs 7,889.38 crore as against Rs 7,045.66 crore earlier.
Marc Llistosella to be CEO and MD of Tata Motors from July 1 - BusinessLineBusinessLine
Tata Motors on Friday said Marc Llistosella has been appointed Chief Executive Officer and Managing Director of the company, effective from July 1, 2021.He will be taking over from Guenter Butschek, t
Vedanta, Centricus join hands to create $10-billion fund to invest in divestment-bound PSUs - Moneycontrol.comMoneycontrol
Vedanta and private equity firms Apollo Global and I Squared Capital's arm Think Gas have shown interest in buying the government's 52.98 per cent stake in BPCL.
Pre-owned Audi Q5 & BMW 5-series luxury cars selling for less than Rs 10 lakh - CartoqCarToq.com
In the used car market, number of luxury cars are increasing day by day. People have shown interest in well maintained pre-owned luxury cars because of its attractive price tags. In the past we have featured several examples of well maintained pre-owned luxur…
Spotify to allow employees to work from anywhere - Economic TimesThe Times of India
With work shifting to cloud-based systems and people tuning into meetings online, offices have adapted a remote working lifestyle as vaccine inoculations could still take the better half of the year to complete.
Franklin Templeton investors to get paid next week - MintLivemint
Payment will be made by extinguishing proportionate units in the scheme at the prevailing NAV
Indiabulls Housing looks to halve wholesale book by December 2022 - MintLivemint
The company said in a statement that it will gradually reduce its wholesale book by 33% by March 2022.According to the company, it is also planning to double the retail customer base by March 2025 and said that retail loan disbursals have picked up on the bac…
Explainer| Will falling CPI inflation push the MPC for an early rate cut? - Moneycontrol.comMoneycontrol
The CPI inflation has fallen within the central bank’s comfort zone in last the two months.
ISRO and MapmyIndia collaborate to bring India made rival to Google Maps - India TodayIndia Today
ISRO and MapmyIndia have announced a strategic partnership to launch mapping portals, apps and geospatial software.
Crude oil falls 0.94% to Rs 4,201 per barrel on weak demand outlook - Moneycontrol.comMoneycontrol
In the futures market, crude oil for February delivery touched an intraday high of Rs 4,231 and an intraday low of Rs 4,183 per barrel on MCX.
IIP turns positive in December, grows by 1% after temporary blip in November - MoneycontrolMoneycontrol
This comes after IIP had contracted by 1.9 per cent in November. It had expanded in October and September after six straight months of contraction due to Covid-19. Analysts had then termed this a temporary blip.
How Bumble, dating app Priyanka Chopra invested in, made its CEO a self-made woman billionaire - ThePrintThePrint
Bumble debuted its IPO Thursday at $43. It soared over 70% on trading in New York, valuing CEO Whitney Wolfe Herd’s stake at over $1.5 billion.
Mahindra Scorpio S3 Plus variant launched in India at Rs 11.67 lakh - CarWaleCarwale.com
The Mahindra Scorpio S3 Plus variant is the new base version in the range. The variant is powered by a 120bhp 2.2-litre mHawk diesel engine.
Volvo Cars promotes Jyoti Malhotra as MD for India operations - ETAuto.comThe Times of India
Malhotra will replace Charles Frump who joined Volvo Cars India as MD in 2017.
IRFC lists $750 million medium-term note on India INX - Moneycontrol.comMoneycontrol
The company has already listed $1.5 billion bonds under its $4 billion global medium-term note programme and $500 million green bond issuance on India INX.
IRCTC shares surge to close at highest level since March - MintLivemint
RCTC will restart operations of Railways' Tejas trains on Lucknow-New Delhi and Ahmedabad-Mumbai routes from 14 February.
Former ICICI Bank Managing Director Chanda Kochhar Granted Formal Bail in Money Laundering Case - Live Law - Indian Legal NewsLivelaw.in
Former ICICI Bank Managing Director and CEO, Chanda Kochhar, appeared before a special court on...
NextExclusive: e-grocer Grofers raises funds from Euler FundNext - EntrackrEntrackr
Online grocer Grofers has been in conversation to raise $70-100 million in the fresh round from existing investors for a while. The anticipated round is yet to materialise but it has raised money from Chicago-based asset management firm Euler Fund. Euler is …
Indian Railways rolls out its first air conditioned three-tier economy class coach - Cheapest and best AC - Economic TimesThe Times of India
A new ergonomically improved design of ladder for accessing the middle and upper berths is also a new feature. There is an increased headroom in the middle and upper berths as well. The design has been improved for both Indian and the Western style lavatories…
Natural Gas Price Fundamental Daily Forecast - Bulls Feeling Extreme Cold, Bears See Warmer Month-End Temps - FX EmpireFX Empire
The combination of extremely cold weather and robust export demand wiped out long-held storage surpluses.
Bharat Forge reports a loss of Rs 210.4 crore in December quarter - Moneycontrol.comMoneycontrol
Consolidated revenue from operations declined 5.9 percent year-on-year to Rs 1,723.1 crore in Q3FY21, beating analysts' estimates.
Anand Mahindra's "One Shot Advertising Brief" For Adar Poonawalla - NDTVNDTV News
Want a 'sure-shot' way to make your partner happy this Valentine's Day? Give them the gift of a Covid-19 vaccine, a hilarious parody advertisement suggests.
Explained | Can market ignore social media, is GameStop a sign of things to come and other questions... - Moneycontrol.comMoneycontrol
A GameStop-like frenzy is unlikely in India but social media’s influence on trading and investing can’t be overlooked, say analysts.
Motherson Sumi Stock Jumps To Highest In More Than Two Years On Q3 Results Beat, Debt Reduction - BloombergQuintBloombergQuint
Shares of Motherson Sumi rose to their highest since September 2018.
Elon Musk calls Bill Gates ‘underwhelming’ for buying a Porsche Taycan - CarToq.comCarToq.com
Elon Musk, founder of popular electric car brand Tesla is known for his style of tweeting things on social media. There have been several instances where Elon Musk simply responded in contemptuous manner to others mainly billionaires. Now, Elon Musk has calle…
Nifty Auto index trades lower; Ashok Leyland tanks 5% after Q3; Motherson zooms 6% on quarterly results - IndiainfolineIndiainfoline
Motherson Sumi continued the winning streak this week to hit a fresh 52-week high of Rs194.65 per piece.
Hotstar drags down Disney+ Q1 ARPU, now has 28.5 million subscribers - Economic TimesThe Times of India
Walt Disney attributed the decline in ARPU to the much lower average price points of Disney+ Hotstar in India and Indonesia as compared to Disney+ in other markets.
Airfare hiked: Flying within India to cost up to 30% more - India TodayIndia Today
Passengers flying within India will now have to pay more for their flight journey. The government has hiked airfare price by 10-30 per cent for domestic flights.
Strides Pharma share price gains as arm gets USFDA approval for Prednisone tablets - Moneycontrol.comMoneycontrol
Strides Pharma Global Pte Limited, Singapore, has received approval for Prednisone tablets USP in the strengths of 10 mg and 20 mg from the United States Food and Drug Administration, it said.
Clubhouse, Elon Musk's Buzzy Hangout, Drives Billions To Chinese Startup - NDTV ProfitNDTV News
Agora has soared more than 150% since mid-January when online chatter began to circulate about how it powers the world's hottest new social media forum
These Consumers are Cutting Power Bills By Installing Rooftop Solar on Their Homes - Mercom IndiaMercomindia.com
The adoption of residential solar systems is picking up in India and with greater awareness and tremendous growth potential. To get a...
Sun Pharma share price falls on settlement order by SEBI, here is what brokerages have to say - Moneycontrol.comMoneycontrol
Research house Macquarie has kept outperform rating with a target at Rs 700.
What should investors do with ITC post Q3: buy, sell or hold? - Moneycontrol.comMoneycontrol
Consolidated revenue from operations grew by 6.1 percent year-on-year to Rs 14,124.48 crore in Q3FY21, with cigarette business showing 2.5 percent YoY growth in operating revenue
Covid-19: Trump 'didn't do his job' on vaccinations, J&J jab to be authorised this month: Biden - Khaleej Timeswknd.
U.S. President Joe Biden on Thursday said the coronavirus vaccination program he inherited from Donald Trump was in “much worse shape” th...
Explained: The NSE co-location case investigation, and what SEBI’s new order means - The Indian ExpressThe Indian Express
What is the National Stock Exchange (NSE) co-location case? What happened after the allegation of unfair access in algo trading at the NSE came to light? What action had SEBI taken earlier in the case? What does the latest SEBI adjudication order mean for NSE?
Sensex ends volatile trade 12 pts up; RIL jumps 6% this week, ITC down 7% - Business StandardBusiness Standard
On the sectoral front, the Nifty Metal index skid 1.7 per cent, followed by the Nifty FMCG index declined 1.5 per cent
Minister reveals more details about Tesla’s India plans - CarToq.comCarToq.com
Multiple states are trying to get Tesla to set shop at their states. Here is Subhash Desai, a Minister of Maharashtra government who has ruled out rumours of Maharashtra losing Tesla’s investment to Karnataka. He also revealed some of Tesla’s plans for the fu…
RailTel Corporation shares trade at 16% premium in grey market ahead of IPO - Moneycontrol.comMoneycontrol
The issue, which comprises a full offer for sale of 8,71,53,369 equity shares by the Government of India, will fetch the government Rs 819.24 crore at higher price band.
Top stocks in focus: Infosys, Sun Pharma, Power Grid, ITC, Grasim - IndiainfolineIndiainfoline
Check out the stocks that will be in focus during trade today based on recent and latest news developments.
Royal Enfield Himalayan 2021 First Ride And Walkaround - Better Than Before? - RushLaneRushlane.com
All new Royal Enfield Himalayan 2021 model has been officially launched and here is the first test ride review and walkaround.
Ashok Leyland posts net loss of ₹19.4 crore on VRS costs - The HinduThe Hindu
Revenue rises 20% to ₹4,814 crore
MG Hector and Hector Plus petrol CVT deliveries commence - CarWaleCarwale.com
MG Hector and Hector Plus petrol CVT deliveries commence
The carbon pushback to Tesla’s crypto punt - MintLivemint
Bitcoin ‘mining’ is a carbon guzzler. With renewed interest in crypto, could a green coin be the next big thing?.The entrance of big corporations into the cryptocurrency market could boost incentives to produce a new ‘green bitcoin’ using renewable energy, su…
Covid-19: How India became the fastest country to vaccinate over 7 million people - Hindustan TimesHindustan Times
The ministry of health and family welfare said that more than 7.4 million people have received the shots as of February 11, 2021, under the nationwide immunisation exercise.
RIL surges 4%, lifts Sensex, Nifty to new closing highs. What analysts say - MintLivemint
Besides RIL, other top gainers among Sensex stocks included HUL, Bajaj Finance, Sun Pharma
ACC Q3 results: Net profits jumps 73% to Rs 472.4 crore - Economic TimesThe Times of India
Its total revenue from operations in October-December 2020 rose 2.08 per cent to Rs 4,144.72 crore, against Rs 4,060.31 crore in the year-ago period.
Adar Poonawalla on why he is buying Magma Fincorp - Economic TimesThe Times of India
There is a huge growth potential in financial space over the next decade if not longer in India.