Business news 18 Feb, 2021
RailTel IPO updates: Issue subscribed over 42 times - MintLivemint
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 - MoneycontrolMoneycontrol
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 MediaInc42 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 IndiaThe 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.comCarToq.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.comMoneycontrol
Companies in India Likely to Give 7.3% Average Increment This Year, Says Report - News18News18
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 ExpressGoogle News
RBI Clears Decks For Piramal Takeover Of DHFL - BloombergQuintBloombergQuint
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 ExpressGoogle News
Move in or lose out: Saudi Arabia's ultimatum unsettles firms - Times of IndiaThe 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 - News18News18
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 - MoneycontrolMoneycontrol
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.comMoneycontrol
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.comGaadiWaadi.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 - BloombergQuintBloombergQuint
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 - MoneycontrolMoneycontrol
Banks have been asked to disclose specified details to the court by February 22
Subscribe to RailTel corporation of india: Mehta Equities - Moneycontrol.comMoneycontrol
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 StandardBusiness 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 - carandbikeCarandbike.com
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 - DailyFXDailyFX
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 - MoneycontrolMoneycontrol
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 247Splash 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 ExpressGoogle News
Unlike Elon Musk, Bill Gates Is "Not A Mars Person". Here's What He Said - NDTVNDTV News
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 - News18News18
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.comGSMArena.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 MattersPeople Matters
Honda CB350 RS vs H’ness CB350: Key differences explained - Times of IndiaThe 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 - MoneycontrolMoneycontrol
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.comMoneycontrol
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 - MoneycontrolMoneycontrol
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 TimesThe Times of India
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 - MintLivemint
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.comMoneycontrol
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.comMoneycontrol
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 AutoHindustan Times
Owned by Tata Motors, Jaguar Land Rover is reportedly looking at trimming its non-manufacturing operations.
Made-In-India Jeep Wrangler Launch Details Out - carandbikeCarandbike.com
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.comMoneycontrol
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 BusinessZee 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 - RushLaneRushlane.com
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.comMoneycontrol
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 - NDTVNDTV News
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 - MoneycontrolMoneycontrol
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 TimesFinancial 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 TimesHindustan 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 IndiaThe 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 - MintLivemint
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 StandardBusiness Standard
RBI advises against any change in inflation goalposts, monetary policy targets
Kavin Bharti Mittal's Hike now wants to take on Facebook - MintLivemint
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.comGSMArena.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 StandardBusiness Standard
Scheme on telecom products will be implemented from April 1
Tata Group may acquire BigBasket: Details here | NewsBytes - NewsBytesNewsBytes
Tata Group has reached an agreement to acquire a majority stake in BigBasket according to unnamed sources privy to the deal | NewsBytes
Bitcoin surges to new highs, analysts warn about price sustainability - Moneycontrol.comMoneycontrol
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 StandardBusiness 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 GazetteSaudi 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 TimesThe Times of India
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 IndiaBusiness 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.comMoneycontrol
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 - RTRT
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 TodayIndia 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 - BloombergQuintBloombergQuint
IndusInd Bank founders completed rights issue to fund conversion of warrants.
Gold, Crude Oil Forecast: Rising Yields and Stronger USD Exert Pressure - DailyFXDailyFX
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.comMoneycontrol
This was its first major order after the pandemic
Twitter Voice DMs Feature Being Rolled Out in India, Brazil, Japan - Gadgets 360NDTV News
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 TodayIndia 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 - BusinessLineBusinessLine
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 TVRepublic World
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 - EntrackrEntrackr
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…