Business news 16 Feb, 2021
SBI customers alert! Earn Rs 10,000 every month through this scheme of State Bank of India - DNA IndiaDNA India
Here's is something that you should consider investing in, through which you start getting monthly income.
Share Market LIVE: Sensex begins trading above 52,450, Nifty breaches 15,400; Kotak Bank, ONGC top gainers - The Financial ExpressGoogle News
2021 Genesis G80 spotted in India for the first time - Team-BHPTeam-BHP
The Genesis G80 sedan has been spotted in India. However, it is unclear if the car is a test mule or a private import. Genesis is a premium sub-brand of Hyundai. It's like how Lexus is to Toyota.
South Africa asks Serum Institute to take back 1 million vaccine doses, says report - The HinduThe Hindu
The move comes a week after South Africa paused the vaccine roll-out following a clinical trial that showed it offered minimal protection against the coronavirus variant dominant in the country.
Elon Musk’s Tesla hits mute on Yediyurappa announcing its entry into India - Hindustan TimesHindustan Times
The intent of the statement, the people said, was to show global investor interest in India.
Brookfield REIT makes flat debut on stock exchanges - MintLivemint
Brookfield REIT will become third such trust to be listed in the country.
EPF interest in tax net: Where should high-income earners invest for retirement now? - Moneycontrol.comMoneycontrol
Employees earning high salaries can opt for a mix of EPF, PPF and NPS to optimize returns
Gold price today: Yellow metal trades higher, Rs 47000 crucial support - Moneycontrol.comMoneycontrol
Experts are of the view that precious metals may remain choppy but the general bias would be on the upside amid weak dollar.
Insider Trading: SAT stays SEBI's order barring Future Group's Kishore Biyani from markets - MoneycontrolMoneycontrol
The tribunal has however directed Future Group’s promoters to deposit Rs 11 crore as an “interim measure.” The case to be heard next on April 12, 2021.
Renault Kiger Vs Nissan Magnite Comparison – Video - GaadiWaadi.comGaadiWaadi.com
Here, we have a video which walks us through all the similarities and differences between the Nissan Magnite and Renault Kiger
Budget rally takes Sensex to 52,000: Here are 5 takeaways for investors - Moneycontrol.comMoneycontrol
The markets are likely to inch towards 53,500 in the near term. 51,200 is now crucial support on the lower side, says Jay Thakkar
Media reports saying 'govt shortlists four mid-sized state-run banks for privatisation' not correct - CNBCTV18CNBCTV18
The sources informed CNBC-TV18 that government is yet to identify PSBs for privatization and the process will take a while.Get latest Finance online at cnbctv18.com
Ather 450 Electric Scooter Ownership Review After 1 Year Of Use - RushLaneRushlane.com
Bangalore based owner of Ather 450 electric scooter has shared his detailed ownership review after 1 year of yse.
Gold Price on February 16: Rates Decline in Metro Cities, Silver hikes - News18News18
The gold prices on Tuesday, February 16, witnessed a sharp decline while the silver prices increased marginally.
India to see $500-billion investment in renewables by 2030: IEEFA report - Moneycontrol.comMoneycontrol
A report by the Institute for Energy Economics and Financial Analysis (IEEFA) says that a huge global capital pool is mobilising to invest in renewable energy and grid projects in India
Stocks to Watch: Titan, Tech Mahindra, Wipro, Future Retail, Jet Airways - MintLivemint
Despite a dip in global spending amid the pandemic, the country’s information technology sector is set to post a 2.3% rise in revenues to $194 billion in the current fiscal, according to Nasscom
Fuel prices touch new highs as price rise for 8th consecutive day - MoneycontrolMoneycontrol
It is important to note that the base prices of petrol and diesel today are Rs. 31.82 and 33.46 respectively. Excise duty, freight, VAT, and dealer commission are added to this price to determine the retail price of the fuel.
Cold Snap Leaves 8 Million In Texas, Mexico Without Power - NDTVNDTV News
A rare deep freeze in Texas that raised demand for power forced the state's electric grid operator on Monday to impose rotating blackouts, leaving 4 million customers without power even as temperatures dipped to teeth-chattering levels.
Heranba Industries to raise Rs 625 crore via IPO; price band fixed at Rs 626-627 - Moneycontrol.comMoneycontrol
The issue comprises of a fresh issue of Rs 60 crore and an offer for sale of 90.15 lakh equity shares by promoters. Heranba will utilise net fresh issue proceeds for working capital requirements.
RailTel Corporation of India IPO opens today: Should you subscribe? - Moneycontrol.comMoneycontrol
RailTel Corporation IPO, which closes on February 18, aims to raise Rs 819.24 crore. Here is a low-down of what brokerages have to say about the issue
World stocks look to extend bull run to 12th day on economic optimism - Moneycontrol.comMoneycontrol
MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.1% while Japan’s Nikkei rose 0.4% to a 30-year high.
‘My retirement plan is very much driven by mutual funds’ - MintLivemint
‘Individual fund managers are integral to the mutual fund industry and the investment universe’
Policybazaar eyes IPO of ₹4,000 crore - MintLivemint
The firm is targeting a valuation of $3.5 bn via a stake dilution of 15%.At least six merchant bankers are expected to be given the mandate to manage the proposed IPO
Number Theory: What does mobility data tell us about the state of the economy? - Hindustan TimesHindustan Times
While mobility has been increasing continuously, its recovery is relatively slower when compared to NIBRI. To be sure, mobility levels had reached 90% of pre-lockdown values (median value for the day of the week in the January 3, 2020 to February 6, 2020 peri…
JLRs $3.5 bn plan to take all Jaguars, 60% Land Rovers electric by 2030 - Business StandardBusiness Standard
Brainchild of new CEO Thierre Bollore, move forms part of 'Reimagine' strategy of Tata Motors' UK arm; Britain to ban sale of gasoline and diesel cars from 2030, putting pressure on legacy carmakers
Byju’s nears deal to acquire rival Toppr - Hindustan TimesHindustan Times
Byju’s, which raised more than $1.25 billion in 2020 and is currently valued at $12 billion, acquired WhiteHat Jr, an online coding school for young children, for $300 million last August.
RBI panel to weigh consolidation of urban co-op banks - MintLivemint
The panel will also review the regulatory approach and suggest steps to strengthen the co-op sector
Prannoy Roy Speaks To Bill Gates On Pollution, Climate Change: Full Transcript - NDTVNDTV News
Hello and welcome to this very special programme about a very special issue, with one of the world's most special human beings, Bill Gates.
Well-maintained, pre-owned Toyota, Audi & Mercedes 7-seater SUV & MPV starting at Rs 8.75 lakh - CarToq.comCarToq.com
Popularity of used car have gone up in the last few years. Many manufacturers have also entered this space and are now selling certified pre-owned car via dealerships. Several first time car buyers or those who are learning how to drive are also preferring us…
India Boosts Spot Oil Imports As Major OPEC Producers Cut Supply - OilPrice.comOilPrice.com
The world's third-largest crude oil importer, India, has been sourcing more and more oil in spot deals with exporters outside of the Middle East after the biggest OPEC producers have tightened global crude supply as part of the OPEC pact
Gainers & Losers: Top 10 stocks that moved the most on February 15 - Moneycontrol.comMoneycontrol
The Nifty Bank index rose 3.3 percent, while the PSU Bank index added over 2.3 percent. The BSE realty index jumped 1.4 percent, while midcap and smallcap indices rose 0.3-1.4 percent.
Is the Clubhouse App Leaking Its Users’ Data to Chinese Govt? - The QuintThe Quint
A report published by Stanford Internet Observatory (SIO) alleged that the app consists of serious security flaws which have reportedly left its users’ data in the hands of the Chinese government.
Vodafone Idea is ready for 5G rollout, says CEO Ravinder Takkar - MintLivemint
Ravinder Takkar said the spectrum bands—3,300MHz to 3,600MHz—earmarked for 5G are expensive.He said the telco will participate in the upcoming spectrum auction and has deposited earnest money to the department of telecommunications
Apollo Hospitals to step up pharmacy, retail biz, eyes Rs 10,000 cr revenue - Business StandardBusiness Standard
Core hospital segment too is looking up on the back of rise in occupancies, footfalls
Amazon had asked for $40 million as compensation for RIL deal: Future Group - Times of IndiaThe Times of India
India Business News: Amazon had asked for $40 million (around Rs 290.41 crore) in compensation from Future Group for the deal with Reliance Industries, and Amazon's claim
Puzzling Covid-19 decline in India sparks a shopping spree - Deccan HeraldDeccan Herald
By Chris Kay and Vrishti Beniwal, For the home to the world’s second-largest Covid-19 outbreak, life in India is almost back to normal. Shopping mall parking lots are full again. Stores are buzzing, and there are long lines for hair salons and restaurants.
New Volkswagen Polo, Vento Turbo Edition Launch Price Rs 6.99 L, Rs 8.69 L - RushLaneRushlane.com
Volkswagen has launched a new Turbo Edition models for both Polo and Vento in India at a price of Rs 6.99 lakh and Rs 8.69 lakh respectively.
Buy NCC; target of Rs 110: ICICI Direct - MoneycontrolMoneycontrol
ICICI Direct is bullish on NCC has recommended buy rating on the stock with a target price of Rs 110 in its research report dated February 12, 2021.
Investing in Cryptocurrency? Risks, Safety Legal Status, Future in India – All you need to know - The Financial ExpressGoogle News
Royal Enfield Hunter 350 Spied Again, Doesn’t Get Tripper Navigation - GaadiWaadi.comGaadiWaadi.com
The upcoming Royal Enfield Hunter 350 was spied again recently, and this time, its semi-digital instrument cluster has been revealed
Hiranandani Group to invest Rs 10,000 crore for 100-acre industrial, logistics and data centre park in... - Moneycontrol.comMoneycontrol
The first phase of the industrial and logistics park will be up and running by June 2022 and the first data centre building will be ready by June 2023, the company said
India's exports up 6.16% in January, trade deficit narrows to $14.54 billion - Moneycontrol.comMoneycontrol
Exports during April-January this fiscal dipped by 13.58 percent to $228.25 billion, while imports declined by 25.92 percent to $300.26 billion.
States' fiscal deficit to narrow to 4.3% of GDP in FY22: Report - Moneycontrol.comMoneycontrol
The rating agency has revised the outlook on state finances to stable for FY22 from stable-to-negative.
4 Government Banks Shortlisted For Privatisation: Report - NDTV ProfitNDTV News
The government is considering mid-sized to small banks for its first round of privatisation to test the waters.
Mercedes-Benz recalls 13 lakh cars in the US over software glitch: Things to know - Gadgets NowGadgets Now
Daimler AG's US unit Mercedes-Benz USA said that it is recalling 1.29 million vehicles because of software glitch. The recall is likely to start on April 6. Note: All images are used for representational purposes only.
2021 Indian Chief line-up to be launched in India soon - BikeWaleBikewale.com
Indian Motorcycles will soon bring its entire Chief line up to our markets. The company confirmed in an official statement that the 2021 Indian Chief range will arrive in India in the second quarter (April-June) of 2021.
Nasscom CEO Survey 2021: Indian tech industry to add 1.38 lakh jobs in FY20-21 - MoneycontrolMoneycontrol
CEOs surveyed by industry body expect growth to take place in the digital space. Companies upskill 2.5 lakh employees in the digital space every year. Deal value for cloud grew 80 percent between April and September 2020, compared to October-March 2020 at the…
Microfinance institution Arohan Financial Services files IPO papers to raise Rs 1,750-1,800 crore - Moneycontrol.comMoneycontrol
The company may raise Rs 150 crore via pre-IPO placement. If the said fund raising takes place, then the fresh issue size will get reduced.
RBI announces Operation Twist worth ₹10,000 crore on 25 Feb - MintLivemint
Central bank will purchase securities maturing in 2025, 2029 and 2033, and sell short-dated securities maturing in November this year and February 2022
WPI inflation rises 2% in January— at its highest since February 2020 - Business Insider IndiaBusiness Insider India
New Delhi, India's annual rate of inflation based on wholesale prices sequentially rose to 2.03 per cent in January from a rise of 1.22 per cent in December.
TVS Launches Ntorq 125 SuperSquad (Marvel) Edition In Nepal - GaadiWaadi.comGaadiWaadi.com
TVS Ntorq SuperSquad Edition in Nepal continues to draw power from a 125cc fuel-injected engine, with 9.38 PS and 10.5 Nm on tap
Citroen C5 Aircross 2021: Observations after 1 day of driving - Team-BHPTeam-BHP
Citroen C5 Aircross Review Exterior ReviewDesign & StylingThe C5 Aircross is unique when it comes to styling and quite a head-turner. It looks fantastic, and offers something "different" which makes it stand out from today's Japanese, Korean and Indian cars.
Amara Raja Batteries dips 8% on disappointing operational performance in Q3 - Business StandardBusiness Standard
The company announced capex of Rs 500 crore towards setting up lead acid recycling plant of 1 lakh tonnes per annum capacity and captive 280 MW solar power plant
MNC drug body OPPI names S Sridhar as president - Moneycontrol.comMoneycontrol
S Sridhar heads Pfizer's commercial business in India
Delhi Metro to Soon Go Cashless, Touchless for Commuters With QR code, RuPay-based Ticketing - News18News18
Reeling under the impact of the coronavirus pandemic, the Delhi Metro Rail Corporation (DMRC) has decided to introduce cashless and touchless transactions for commuters.
KreditBee bags 75 Mn in Series C round from Premji Invest, Mirae Asset and Alpine - EntrackrEntrackr
Digital lending startup KreditBee has raised its Series C round worth $75 million from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures consisting of both primary and secondary investment. Previously, KreditBee had raised o…
Japan economy shrinks for first time since 2009 financial crisis but tops forecast - Economic TimesThe Times of India
The world's third-largest economy shrank 4.8 percent last year, its first annual contraction since 2009 at the height of the global financial crisis.
Deepak Nitrite Stock Hits A Record High On Above-Estimated Results, Bullish Outlook - BloombergQuintBloombergQuint
Shares of Deepak Nitrite also gained the most in six months.
Gold prices today struggle for 3rd day, down ₹9000 from record high, silver up - MintLivemint
Higher US bond yields and positive GDP reports from some countries put pressure on gold prices
Nureca IPO opens today: Check price band, grey market premium and more - India TV NewsIndia TV News
The initial public offering (IPO) of Nureca Ltd will open for subscription from today (February 15). The subscription opens a month after the company received SEBI approval to raise Rs 100 crore through public issue. The issue will close on February 17.
Apple approached Nissan over autonomous car project but talks have ended: Report - HT AutoHindustan Times
Apple reportedly contacted Nissan to collaborate for its autonomous vehicle. Talks are believed to have ended after disagreements..Apple and Hyundai were previously in talks but nothing came of it.
Major Australian media company strikes Google news pay deal - Times of IndiaThe Times of India
International Business News: Seven West Media has become the largest Australian news media business to strike a deal with Google to pay for journalism in a partnership announced o
Meme-Based Digital Currency Dogecoin "Gets My Support If...": Elon Musk - NDTVNDTV News
Billionaire Elon Musk said on Sunday that he supports major holders of the meme-based digital currency dogecoin selling most of their coins, adding that he felt too much concentration in dogecoin was the "real issue".
Crypto exchanges, experts may move out - Economic TimesThe Times of India
Industry, investors fearing a drain of both talent and business in case of an adverse bill
IRFC Q3 net up 15%; declares interim dividend of ₹1.05 a share - BusinessLineBusinessLine
Indian Railway Finance Corporation (IRFC) reported a 15 per cent increase in net profit for the third quarter ended December 31 at ₹ 1046.70 crore (₹907 crore). In the previous quarter, IRFC had repor
Srei Infrastructure Reports Large Loss On Accelerated Provisions - BloombergQuintBloombergQuint
Srei Infrastructure reported a net loss of Rs 3,810 crore in the third quarter as provisions surged.