Business news 18 Feb, 2021

RailTel IPO updates: Issue subscribed over 42 times - Mint

The share allocation in RailTel IPO is likely to be finalised on February 23 and listing may happen on February 26, according to brokerages

P&G India's parental leave policy to include all employees, regardless of gender, marital status - Moneycontrol

The policy will allow all new parents - biological parents, domestic partners, same-sex couples, adoptive parents - to avail 8 weeks fully paid leave,

Amazon Faces Ban Threat In India After Damning Report On Dodging FDI Rules - Inc42 Media

What was perhaps known all along, owing to several parties alleging the same in their complaints to Indian regulatory authorities,

Apple lobbies for India incentives as it plans iPad assembly: Report - Times of India

India Business News: Apple Inc is angling to participate in a new scheme to boost India's exports of computer products, part of what government and industry sources say ar

Benelli Leoncino 500 BS6 launched in India - CarToq.com

Benelli has launched the Leoncino 500 in the Indian market today. This is the BS6 compliant version of the Leoncino and it gets a price tag of Rs 4.6 lakh, ex-showroom, Delhi. The bike is also available in a new Leoncino Red colour theme that costs an extra R…

BLS Internation Consolidated December 2020 Net Sales at Rs 150.44 crore, down 26.38% Y-o-Y - Moneycontrol.com

Companies in India Likely to Give 7.3% Average Increment This Year, Says Report - News18

New Delhi: Companies in India are expected to dole out an average increment of 7.

Market LIVE: Sensex widens losses, falls below 51,300, Nifty gives up 15,100; ONGC up 8.5%, ICICI Bank drags - The Financial Express

RBI Clears Decks For Piramal Takeover Of DHFL - BloombergQuint

RBI gives fit and proper clearance and a no-objection certificate to Piramal Group to take over DHFL.

Central Bank of India, Indian Overseas Bank shares jump 20% each on privatisation rumours - The Financial Express

Move in or lose out: Saudi Arabia's ultimatum unsettles firms - Times of India

International Business News: Saudi Arabia’s ultimatum for global companies to move their regional hubs to Riyadh by 2024 or lose business is the kind of decision making that has m

Bharti Airtel, GAIL, Jubilant Food Works: Top Stocks for Investors on February 18 - News18

The stock market on Wednesday, February 17 closed in the red for the second consecutive day.

DP World records 36% growth in throughput at ICTT Cochin in January - Moneycontrol

DP World Cochin offers various direct connections to Europe, the Mediterranean, the Far-East, South East Asia and the Middle East, thereby, providing reduced transit time, cost and reliable reach to global markets, the company said in a release.

Nureca IPO share allotment: Simple steps to check your application status - Moneycontrol.com

The company will finalise the IPO share allotment in consultation with merchant bankers.

All-New 2021 Honda HR-V Revealed With A Hybrid Powertrain - GaadiWaadi.com

2021 Honda HR-V gets bigger proportions, a restyled exterior and interior along with the addition of new features

Happiest Minds Gained 35% In Two Sessions. Here’s Why - BloombergQuint

The stock is trading 21% higher than its Bloomberg consensus 12-month price target.

Fortis-IHH share sale: Supreme Court pulls up banks for deal going through despite Delhi High Court bar - Moneycontrol

Banks have been asked to disclose specified details to the court by February 22

Subscribe to RailTel corporation of india: Mehta Equities - Moneycontrol.com

Mehta Equities has come out with its report on RailTel corporation of india. The research firm has recommended to ''Subscribe'' the ipo in its research report as on February 16, 2021.

New India Assurance, GIC Re hit 20% upper circuit on privatization buzz - Business Standard

As on December 31, 2020, the government held 85.78 per cent stake in GIC RE, and 85.44 per cent holding in the New India Assurance Company.

Skoda Kushaq Sketches Reveal Design Of The Compact SUV - carandbike

The SUV is the first Skoda product to be based on the MQB A0-IN platform and the company is looking to use local content of upto 95 per cent on the car.

Silver Prices May Continue Outpacing Gold Despite Rising Inflation Bets - DailyFX

Gold prices continue to move lower despite rising inflation bets. Investors have been friendlier towards silver over the same period, however. Why is there a disconnect?

Vogo raises $11.5 million funding from Lightrock, Kalaari, others - Moneycontrol

The latest capital infusion, which is an extension of the series C round, will be utilised to expand and electrify the fleet, to increase focus on achieving profitability by improving unit economics, asset utilisation and to optimise marketing growth through …

Another Maersk ship loses hundreds of boxes overboard in the Pacific - Splash 247

The 13,100 teu became the latest boxship casualty on the Pacific yesterday, suffering a blackout while en route to California and a subsequent loss of hundreds of containers overboard. The accident ha

SBI share price target raised: Morgan Stanley says State Bank of India will beat other PSU banks - The Financial Express

Unlike Elon Musk, Bill Gates Is "Not A Mars Person". Here's What He Said - NDTV

Bill Gates said Elon Musk have a famously complicated relationship, but the Microsoft co-founder admits that underestimating Elon Musk is "not a good idea."

'Biggest Blunder in Banking History': Citibank Wired $900 Million to Lenders by Mistake. What Lies Ahead - News18

Citibank acting as a loan agent to cosmetic company Revlon, accidentally transferred USD 900 million (about Rs 6,554 crore) to the company’s lenders.

YouTube Shorts launching in the US soon, YouTube videos to add automatic video chapters - GSMArena.com news - GSMArena.com

YouTube TV will receive an option to download programming for offline viewing.

News: Cognizant puts up $30 MN for employee retention — People Matters - People Matters

Honda CB350 RS vs H’ness CB350: Key differences explained - Times of India

Bikes News: Both the motorcycles share plenty of details right from the engine and platform to the BigWing dealership network they will use and goal to pin down 3

NPCI upgrading IT systems across platforms, anticipates 1 billion daily transactions: Report - Moneycontrol

AePS, IMPS, NACH, and UPI have been identified for the IT systems upgrades. The process is aimed to be completed by March 2021.

NALCO share buyback opens on February 25, stock price rises 2% - Moneycontrol.com

NALCO has made an offer for buyback of its equity shares for an amount up to Rs 749 crore. As the promoter, the government has decided to participate in the buyback to the extent that its equity remains at least 51 percent, DIPAM Secretary Tuhin Kanta Pandey …

Yes Bank revises fixed deposit rates; here are latest FD interest rates - Moneycontrol

Yes Bank offers an interest rate of 3.50 percent on deposits maturing in seven to fourteen days, 4 percent on 15 to 45 days, and 4.5 percent on 46 to 90 days FDs.

Keep some cash in hand, it’s a buy-on-dips market - Economic Times

Betting on IT, select pharma, speciality chemicals and building material led by revival in housing, says Gurmeet Chadha.

Gold prices today steady near 8-month lows, down ₹10,000 from record highs - Mint

Gold had fallen ₹2,000 per 10 gram in the previous five sessions.As compared to August highs of ₹56,200, gold is now down about ₹10,000 per 10 gram

Gail India share price gains 5% on share buyback approval - Moneycontrol.com

The share touched its 52-week high of Rs 146.20 and 52-week low of Rs 65.70 on January 15, 2021 and March 19, 2020, respectively.

Can liquidate 40-50% of Franklin Templeton's debt fund assets within a month: SBI MF - Moneycontrol.com

The chief business officer of SBI Mutual Fund says it will avoid any conflict of interest and ensure a transparent process while selling securities

Jaguar Land Rover to slash 2,000 jobs around the world - HT Auto

Owned by Tata Motors, Jaguar Land Rover is reportedly looking at trimming its non-manufacturing operations.

Made-In-India Jeep Wrangler Launch Details Out - carandbike

The 2021 Jeep Wrangler will be assembled at the Ranjangaon facility and prices are expected to drop once it enters local production.

Dodla Dairy files IPO papers with Sebi again, aims to raise around Rs 800 crore - Moneycontrol.com

Dodla Dairy compares itself with listed companies namely Hatsun Agro Products, Heritage Foods and Parag Milk Foods.

RailTel IPO Review: Buy or Not! Check what stock market experts say on listing gains, company fundamentals - Zee Business

RailTel IPO Review: The companys Initial Public Offer is opening for subscription tomorrow i.e. 16th February 2021. The Mini Ratna Companys issue will open on 16h February 2021 and it will remain available for bidding till 18th February 2021.

2021 Mahindra XUV500 Petrol Variant Spied - New Spy Shots Of Dashboard - RushLane

New generation Mahindra XUV500 will sport completely revised interiors with a new intruent console and touchscreen infotainment unit.

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

Mitessh Thakkar of mitesshthakkar.com suggests buying Bank of Baroda with a stop loss of Rs 82.9, target at Rs 87.5 and Bharat Electronics with a stop loss of Rs 136.5, target at Rs 145.

Not True: South Africa Denies Serum Institute Asked To Take Back Vaccine Doses - NDTV

South Africa plans to share 1 million AstraZeneca COVID-19 vaccine doses with other African countries, a senior official said, as the government confirmed the first shots from rival Johnson & Johnson would arrive on Tuesday evening.

Singapore's Singtel says personal information of 1,29,000 users stolen in data breach - Moneycontrol

Singtel, an associate of Bharti Airtel, has completed initial investigations into the breach and established which files on the Accellion file transfer appliance (FTA) were accessed illegally, reported Channel News Asia on Wednesday, citing the company''s new…

Indian companies urge New Delhi to let them help with vaccine drive - Financial Times

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

No electricity, no water, Texans struggle through historic cold with more dark days ahead - Hindustan Times

Residents in over 100 counties in Texas have been told to boil their drinking water as treatment plants continue to suffer from energy blackouts, officials said.

Government may challenge international tribunal’s Cairn tax order - Times of India

India Business News: The government is in no mood to relent in its fight to recover $1.2 billion in tax claims from Cairn and is looking to appeal against the internationa

Sebi eases rules to smoothen LIC IPO - Mint

Sebi’s decision to relax the minimum offer and public holding norms will give the Centre more time to comply with rules.

Finance Ministry asks RBI to ensure a higher dividend for govt in FY22 - Business Standard

RBI advises against any change in inflation goalposts, monetary policy targets

Kavin Bharti Mittal's Hike now wants to take on Facebook - Mint

Kavin Bharti Mittal is now betting on a Facebook-like new social networking platform.Hike would go back to investors to raise funds sometime this year, he said, declining to elaborate

Google Maps gains built-in parking payments for over 400 US cities - GSMArena.com news - GSMArena.com

In addition, Google Maps users will be able to pay for transit fares in 80 more transit agencies globally via GPay.

Cabinet approves over Rs 12,000-crore PLI scheme for telecom sector - Business Standard

Scheme on telecom products will be implemented from April 1

Tata Group may acquire BigBasket: Details here | NewsBytes - NewsBytes

Tata Group has reached an agreement to acquire a majority stake in BigBasket according to unnamed sources privy to the deal | NewsBytes

Skoda Kushaq global debut on 18 March - CarWale

Skoda Kushaq global debut on 18 March

Bitcoin surges to new highs, analysts warn about price sustainability - Moneycontrol.com

Despite the flurry of mainstream acceptance this year, some analysts warned that bitcoin was still far from becoming a widely used form of payment.

Nestle Indias investors may have to take a break on muted Q4 show - Business Standard

While valuations are rich, analysts have trimmed earnings estimates by 2-4% for CY20-CY23

People coming to Bahrain will need to undergo COVID-19 tests three times in span of 10 days - Saudi Gazette

People arriving in Bahrain from outside will now need to undergo coronavirus tests three times over a period of 10 days.

Day trading guide: 2 stock recommendations for Thursday - Economic Times

Within the banking space, PSU Bank index stood out strongly, posting gains of 6%. The ongoing outperformance of PSU banks is likely to continue.

Hyundai nears 25 years of success in India — here’s how this carmaker crossed the 9 million-mark, beating peer - Business Insider India

Hyundai holds the second-largest share of the pie in India after Maruti Suzuki. The market which was then dominated by popular automobile manufacturers — Maruti,

IndiaMART Intermesh share price rises 8% on QIP launch - Moneycontrol.com

The share touched its 52-week high of Rs 9,951.95 on February 5, 2021 and and a 52-week low of Rs 1,641.20 on March 25. 2020.

How India’s hunger for oil could transform the Middle East - RT

India’s rapidly growing oil demand and good relations with Washington make it a key element in US’s new strategy to counter China’s rapidly increasing influence in the Middle East.

Elon Musk video asking people to not invest life savings in cryptocurrency surfaces as bitcoin crosses $50,000 - India Today

Elon Musk in a video can be heard asking his fans to not invest their life savings in cryptocurrency and that they should not go too far with the crypto speculation front.

Billionaire Hindujas Pay 61% Premium to Boost IndusInd Stake - BloombergQuint

IndusInd Bank founders completed rights issue to fund conversion of warrants.

Gold, Crude Oil Forecast: Rising Yields and Stronger USD Exert Pressure - DailyFX

Gold prices extended lower as the US Dollar gained alongside Treasury yields. Crude oil prices retreated from a 12-month high despite output disruptions in Texas as a cold blast swept the region.

Rajesh Exports shares gains on export order worth Rs 1,352 crore - Moneycontrol.com

This was its first major order after the pandemic

Twitter Voice DMs Feature Being Rolled Out in India, Brazil, Japan - Gadgets 360

Twitter has launched voice DMs for users in India, Brazil, and Japan. The new feature will let Android and iOS users send voice notes as direct messages or DMs.

Why Indians are paying a bomb for fuel despite cheap crude prices - India Today

As petrol and diesel prices continue to rise across the country, Indians are paying four times for a litre of petrol compared to its crude price. Here's why.

Budget plan to privatise two PSBs: Centre may have to tweak the ‘nationalisation’ laws - BusinessLine

Changes to the two laws that enabled govt to takeover lenders in 1970 and 1980 may be made in the monsoon session

In big Atmanirbhar Bharat push, Amazon to begin Electronic Devices manufacturing in India - Republic TV

In a massive development in giving manufacturing sector an Atmanirbhar push, E-Commerce giant Amazon will begin Electronic Devices manufacturing in India.

Unacademy acquires majority stake in TapChief - Entrackr

Unacademy has announced the acquisition of TapChief, a networking platform for professionals in a deal which will allow the edtech unicorn to make its foray into a new segment of readying students for jobs. TapChief is set to join Unacademy with a valuation o…