Business news 19 Feb, 2021
IKEA plans to open shopping mall in Noida, its first in India - MintLivemint
IKEA, which opened its first store in India in 2018 in Hyderabad followed by one in Mumbai in 2020, said it would develop the new site into a mall anchored by an IKEA store
Buy Gujarat Gas; target of Rs 560: Motilal Oswal - Moneycontrol.comMoneycontrol
Motilal Oswal is bullish on Gujarat Gas recommended buy rating on the stock with a target price of Rs 560 in its research report dated February 18, 2021.
Flipkart gets leaner with a $300 million Jabong write-off as CEO Kalyan Krishnamurthy lists out the priorities - Business Insider IndiaBusiness Insider India
As Walmart-owned Flipkart moves towards a possibly $10 billion initial public offering (IPO), it seems to be shedding flab with a nearly $300 million write
Bitcoin nears $1 trillion value as crypto jump tops other assets - MintLivemint
Bitcoin is closing in on a market value of $1 trillion, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold
India to contest Cairn Energy arbitration award, lawsuits in international court - MintLivemint
The move signals the government's resolve to defend its sovereign rights in taxation.The government has kept open possibility of a resolution within existing Indian laws
As RailTel IPO Closes for Subscription, Its GMP Experiences Volatility - Investing.com IndiaInvesting.com
The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.
Nissan Magnite XE Variant Modified - New Alloys, Touchscreen, Red Interiors - RushLaneRushlane.com
Base variant of the Nissan Magnite has been modified for Rs 2 lakhs, and it now comes with even more features than the top Magnite variant.
Forex Today: Dollar, Bitcoin, gold and stocks all retreat ahead of PMIs, stimulus news - FXStreetFXStreet
Here is what you need to know on Friday, February 19: The market mood remains sour amid uncertainty around US stimulus, weak data, and elevated yields
Ford Puts Projects With Mahindra On hold As It Reassesses India Strategy: Report - carandbikeCarandbike.com
Reportedly, the options for Ford could include working out a new relationship with Mahindra or ending the relationship and related vehicles completely. The company is expected to make a decision in about a month on whether to proceed with Mahindra in a differ…
Jefferies Expects Housing Upcycle To Last 5-7 Years; Lists Top 7 Stock Picks - BloombergQuintBloombergQuint
Housing affordability is at the best in the last 20 years and huge pent-up demand exists, says Jefferies.
RBI Kehta Hai: Watch Reserve Bank's innovative rap video warning against banking frauds - MoneycontrolMoneycontrol
As part of the Public Awareness initiative by the RBI, its Twitter and Facebook page called 'RBI says' usually puts out pictures and messages in multiple Indian languages.
Apple reportedly negotiating to build iPads in India - The VergeThe Verge
Apple is reportedly planning to move some iPad manufacturing to India. The company is said to be motivated by a new export incentives scheme as well as a desire to diversify away from China.
These 4 stocks to gain most from Rs 12,000-crore PLI bonanza for telecom equipment - Moneycontrol.comMoneycontrol
Electric car manufacturers, battery makers, clothing brands and food processing companies to benefit from local manufacturing push, say experts.
AstraZeneca vaccine faces resistance in Europe after health workers suffer side-effects - India TodayIndia Today
AstraZeneca's coronavirus vaccine has been facing resistance in some European countries after side-effects led hospital staff and other front-line workers to call in sick, putting extra strain on already-stretched services.
What HNIs buying ULIPs for income-tax benefits must do now - Moneycontrol.comMoneycontrol
Unit-linked insurance plans are now taxable beyond a threshold. What are the alternatives for HNIs who ploughed in high premiums into ULIPs?
Today's stock tips by Mitessh Thakkar, Rahul Mohindar - CNBCTV18CNBCTV18
CNBC-TV18’s in-house panel of experts has laid down a list of stocks for the investors to buy/sell in trade today.Get latest Market online at cnbctv18.com
2021 Mahindra XUV500 2.0-litre Turbo-Petrol Version Spied Testing - Zigwheels.comZigwheels.com
Mahindra’s new 2.0-litre mStallion turbo-petrol engine is likely to make 190PS in the new XUV500, making it the most powerful SUV in the segment
Has Chandra been able to beat market expectations since he took over as Tata group chairman? - Moneycontrol.comMoneycontrol
The market cap of the Tata group’s listed companies has risen at a faster clip than the Nifty during Chandra’s stint. The dependence on TCS for profits continues, but customer-facing businesses have gained
Indian shares extend losses as private-sector lenders fall - Investing.com IndiaInvesting.com
The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.
Tesla CEO Elon Musk reclaims title of world's richest man after SpaceX round - HT AutoHindustan Times
Elon Musk surpassed Amazon’s Jeff Bezos, who recently reclaimed the title as the world’s richest person for a brief period after Tesla shares fell, pulling down Musk's net worth.
Novavax-COVAX deal for 1.1 billion doses COVID vaccine, Serum Institute to be biggest supplier - MoneycontrolMoneycontrol
COVAX has already signed up with SII for 240 million doses of AstraZeneca-Oxford University COVID-19 vaccine at $3 per dose. SII has earlier indicated that it would supply a total of 1.1 billion vaccines to COVAX, making it the biggest supplier of COVID-19 va…
It's So Cold In US That Calves' Ears Are Falling Off - NDTVNDTV News
In Arkansas, ranchers are fitting pantyhose over the heads of calves in a desperate attempt to keep them warm. In Montana, they've been duct-taping calves' ears to their necks to stop them from falling off. In Oklahoma, newborns arrived onto snow-packed froze…
Enforcement Directorate Begins Second Probe Into Amazon Based On Reuters Story: Report - MoneycontrolMoneycontrol
This would be the second ED investigation into Amazon, after the agency previously launched a probe for alleged violation of FDI rules.
Over 90% of companies plan to give hikes this year - Times of IndiaThe Times of India
India Business News: After tightening during the pandemic, organisations are set to loosen purse strings and reward employees. Over 90% of companies plan to give a raise t
Upcoming IPO's of 2021: As economy recovers, investors should track these public offers - CNBCTV18CNBCTV18
With the economy making a recovery post-pandemic, here is a look at some of the upcoming IPOs of 2021 that investors should keep an eye on.Get latest Business online at cnbctv18.com
Renault Kiger sub-4 meter compact SUV: Official accessories revealed - CarToq.comCarToq.com
Renault launched the all-new sub-4 meter compact SUV Kiger a few days ago. The Kiger competes with cars like Nissan Magnite, Maruti Brezza, Hyundai Venue, Tata Nexon, Mahindra XUV300 and Ford EcoSport in the segment. Prices for Renault Kiger start at Rs 5.45 …
Most state highways yet to go for payments through FASTags - Times of IndiaThe Times of India
India Business News: Even as FASTag has been made mandatory for all four-wheelers and above category vehicles from January 1, currently apart from all toll plazas on natio
Farmers’ protest effect: Jio saw dip in subscribers in Punjab & Haryana - The Indian ExpressThe Indian Express
Data for December 2020 released by the Telecom Regulatory Authority of India showed that Punjab and Haryana were the only two states in which Reliance Jio lost subscribers during the month.
CNBC-TV18's top stocks to watch out for on February 19 - CNBCTV18CNBCTV18
The Indian market is likely to open lower Friday amid weak global cues. At 7:00 am, the SGX Nifty was trading 18.00 points or 0.12 percent lower at 15,097.00, indicating a negative start for the Sensex and Nifty50. Get latest Market online at cnbctv18.com
Natural Gas Price Prediction - Prices Slide Following Inventory Report - FX EmpireFX Empire
Cold weather is subsiding
Choose Your Electricity Provider Soon With New Policy Being Developed: PM - NDTVNDTV News
Asserting that reforms in the regulatory and process framework have significantly "improved" the outlook towards the power sector, Prime Minister Narendra Modi on Thursday said the Centre is working to remove problems in the distribution sector and a policy a…
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
Wall St slips on surprise rise in jobless claims, tech slide, Dow drops 260 pts - MintLivemint
Walmart slides as lacklustre outlook overshadows upbeat Q4 sales.Facebook shares slip following news blackout move in Australia
RBI sets rules for digital payments in India - Economic TimesThe Times of India
The RBI circular on digital payments rules comes at a time when outages, frauds and data breaches have spiked in Indias burgeoning payments ecosystem.
Engineers India, Oil India to jointly bid for BPCL stake in Numaligarh Refinery - MintLivemint
Numaligarh Refinery is the largest customer of OIL's crude produced from its North Eastern fields.The deal is likely to happen by March, N. Vijayagopal, director, finance, BPCL had said on 9 February
Even in hybrid working model, videoconferencing platforms like Zoom will see demand, says CEO Eric S Yuan - MoneycontrolMoneycontrol
While addressing the NASSCOM Technology and Leadership Forum, Zoom founder and CEO highlights the improtance of innovation.
Top 10 Business, Markets News In Under 5 Minutes: BQuick On Feb. 18 - BloombergQuintBloombergQuint
BQuick | Top news, must-read stories and columns—all served up in less than 5 minutes.
Apple supplier Wistron to resume production in next few days: Karnataka minister - MintLivemint
Karnataka minister said that support would be extended by the state government and the Industries Department.Wistron factory, located in Kolar district of Karnataka, has been closed on 12 December after the violence by contract workers and others over wage-re…
2021 Honda HR-V Hybrid breaks cover globally - Times of IndiaThe Times of India
Cars News: The next-gen Honda HR-V is powered by Honda’s advanced e:HEV hybrid powertrain as standard. The HR-V is the latest Honda model to join the e:HEV line-
Sensex tumbles 379 points as financial, auto stocks drag; Nifty ends at 15,119 - Times of IndiaThe Times of India
India Business News: Equity indices extended losses for the third straight session on Thursday with the benchmark BSE sensex falling over points, dragged by auto and finan
Neobank Open acquires Optobizz in $5 million stock-plus-cash deal - Economic TimesThe Times of India
The acquisition will add 800,000 SMEs to its user base, as well as 35 employees of Optobizz. Open will be setting up a development centre in Hyderabad.
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
ONGC, BPCL, HPCL: Oil and Gas stocks could surge up to 30%, charts show - Business StandardBusiness Standard
Technical indicators suggest further upside in the S&P BSE Oil and Gas index towards 15,800 to 16,000 levels.
Oil prices climb on fears Texas energy freeze may last for days By Reuters - Investing.comInvesting.com
Oil prices climb on fears Texas energy freeze may last for days
Skoda Kushaq design sketches revealed - Team-BHPTeam-BHP
Skoda has released design sketches of the upcoming Kushaq. The crossover is scheduled to make its global debut on March 18, 2021. The Kushaq is based on the MQB A0 IN platform.
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.
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.
Explained: How the ground is being set for LIC IPO - The Indian ExpressThe Indian Express
LIC IPO Launch Date, Share Price: While the government is clearing the hurdles before the IPO, one after another, market regulator Sebi has relaxed the norms to make the listing process easier and smooth.
Explained: Why are petrol, diesel prices rising in India? - The Indian ExpressThe Indian Express
Petrol and Diesel price today: Retail prices of automobile fuels have reached record highs across the country. Petrol and diesel are taxed heavily in India, and oil price decontrol is a one-way street — the consumer never benefits.
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.
SBI share price target raised: Morgan Stanley says State Bank of India will beat other PSU banks - The Financial ExpressGoogle News
Govt must find way to reimburse 7 million Indians holding over $1bn if Bitcoin is banned, says WazirX CEO - India TodayIndia Today
If the Indian government decides to propose a ban on cryptocurrencies, it needs to come up with a path to reimburse 7 million people who hold assets worth over $1 billion, believes Nischal Shetty – CEO of one of India’s leading investment platforms WazirX.
L&T Construction bags contract to build 2 units of Kudankulam Nuclear Power Project - MoneycontrolMoneycontrol
"The construction arm of L&T has secured a significant order in the nuclear sector from Nuclear Power Corporation of India Ltd (NPCIL) for its heavy civil infrastructure business in India to construct the main plant civil works of the Kudankulam 5 and 6 units…
Covid-19 vaccine: Pfizer supply to EU short by 10 million doses - Khaleej Timeswknd.
Pfizer Inc has not yet delivered to the European Union about 10 million COVID-19 vaccine doses that were due in December, EU officials said, leaving ...
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.
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.
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
IndusInd Bank expects Rs 2,000 crore capital infusion from promoters on successful rights issue - MoneycontrolMoneycontrol
The rights issue was necessitated to infuse residual capital into the bank in lieu of conversion of warrants issued to them in 2019 worth over Rs 2,695 crore into equity.
Gold Price Today - Gold and Silver CHEAPER now; See todays strategy HERE! - Zee BusinessZee Business
Gold and Silver ended with some weakness on Tuesday. The MCX April Gold Futures ended at Rs 46,861 per 10 gram falling by Rs 380 or 0.8 per cent from the previous close on Monday. Meanwhile, the MCX March Silver Futures were cheaper by almost Rs 811 or 1.2 pe…
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
Texas blackouts explained: Arctic weather shut down power plants as demand for heat surged, and the state's gr - Business Insider IndiaBusiness Insider India
Half a million Texans were still without power Thursday morning as arctic weather pummeled the state. The cold weather caused energy sources to go offline
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
Severe blow to Chinese billionaire Jack Ma, Tata Group snatches BigBasket from Alibaba - Zee NewsIndia.com
Tata group is acquiring 68 percent stake in online grocery platform BigBasket for around Rs 9,500 crore. Chinese internet giant Alibaba has about 30 percent stake in BigBasket.
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.
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.
It is futile to guess OPEC+ moves, Saudi energy minister warns speculators - Arab NewsArab News
DUBAI: Prince Abdul Aziz bin Salman, the Saudi energy minister, has warned global oil markets against the “futility” of trying to second-guess the OPEC+ oil alliance's next crucial move. Speaking to other ministers and energy policymakers at a forum held virt…
Govt approves over ₹12,000-cr PLI scheme for telecom equipment - MintLivemint
PLI scheme on telecom products will be implemented from April 1, said IT Minister Ravi Shankar Prasad.Centre will soon announce plan to boost local manufacturing of IT products such as laptops, he added
Hyundai i20 N Line Spied In India For the 1st Time – 9 Key Features - India Car NewsIndiacarnews.com
We have reported earlier that Hyundai is planning to introduce its Genesis luxury car brand and N performance division in the Indian market. The Hyundai Genesis GV70 SUV and Hyundai i20 N Line could be the first two models from the each division. Recently, th…