Business news 21 Feb, 2021

SBI gold loan: Check eligibility, interest rate and other features - Moneycontrol

Find out how to avail SBI gold loan, interest rates, processing charges and other details

Next-Gen Mahindra XUV500 Mid Variant Spotted Testing In India - GaadiWaadi.com

The second generation Mahindra XUV500 comes with a host of exterior and interior changes and it will likely feature a new petrol powertrain

GeM portal expects procurement of over Rs 1 lakh crore in FY22: CEO Talleen Kumar - Moneycontrol

The Government e-Market (GeM) portal was launched in August 2016 for online purchases of goods and services by all the central government ministries and departments.

How Citi gave away $900 mn by mistake - Mint

Would you claim ‘finders keepers’ on a mistaken transfer by Citibank? These asset managers did and won in court..The decision is the latest blow to Citigroup, which is updating its underlying controls and technology after regulators slapped it with a $400 mil…

Gold buying surges in India as prices down ₹10,000 from record highs - Mint

Gold prices in India are down about ₹4,000 so far this year and as compared to August highs, they are off about ₹10,000 per 10 gram

Tata Safari Launching Tomorrow, Expected Price Rs. 14.49-21.49 Lakh - GaadiWaadi.com

2021 Tata Safari will be offered in six- and seven-seat options and is powered by a 2.0-litre diesel engine producing 170 PS and 350 Nm

M-cap of eight of top 10 most-valued firms tumbles over Rs 1.23 lakh crore - Moneycontrol.com

During the last week, the BSE benchmark declined 654.54 points or 1.26 per cent.

5 useful WhatsApp tricks and hidden features to make your life easier - The Indian Express

You have probably been using WhatsApp for years, but there are almost certainly some features you don't know about.

Dalal Street Week Ahead: Here are 10 key factors that will keep traders busy next week - Moneycontrol.com

The Sensex breached 51,000 levels and the Nifty50 also broke the 15,000 mark after hitting fresh highs of 52516.76 and 15,431.75, respectively.

DBS facing lawsuits in India after takeover of Lakshmi Vilas Bank - Moneycontrol

The amalgamation of LVB and the Indian unit of DBS was completed on November 27, 2020 after approval from the Reserve Bank of India.

GIFT City: Modis plan to make a Singapore in Gujarat has fallen flat - Business Standard

Investors aren't coming to India's new international financial center, built on a patch of wilderness in the PM's home state

Thomas Cook India plans to raise up to Rs 450 crore - Moneycontrol

The company's board has approved issuance of up to 45,00,00,000 OCCRPS of face value of 10 each to Fairbridge Capital (Mauritius) Ltd, the promoter of the company, through private placement on a preferential basis, Thomas Cook said in a regulatory filing.

Large Debris Over US City As Plane Suffers Engine Failure Mid-Air - NDTV

Massive debris rained from the sky Saturday over the US city of Denver as an aeroplane experiencing engine failure was forced to return to the city's airport, officials said.

Top 15 Changes On Honda CB350 RS Over H’ness CB350 - GaadiWaadi.com

Check out our list of the top 10 changes on the newly-launched Honda CB350 RS compared to Honda H'Ness CB350

A year after Covid crash, pandemic losers are the new stock market winners - Business Standard

Travel firms and store operators rally on re-opening optimism; Zoom among stay-home winners to decline from peak valuations

Meet one of India’s oldest surviving Citroen on video - CarToq.com

French car manufacturer Citroen will soon be entering the Indian market with their premium mid-size SUV C5 Aircross. The launch is expected to happen next but, we got a chance to spend some time with the all-new C5 Aircross and to more about this new SUV clic…

How SBI will benefit from multi-vendor ATM software - Mint

CMS Info Systems deploys Multi-vendor software (MVS) across 40,000 ATMs of SBI.SBI has the largest network of more than 22,000 branches in India with an ATM / CDM network of nearly 58,000

Texas homes hit with thousand-dollar bills after winter woes - Hindustan Times

After enduring a wretched week of Arctic storms, hunger and cold, several Texans were handed another pain point -- massive electricity bills.

Can OPEC Maintain Order As Oil Prices Rise - OilPrice.com

Oil prices soared past $60 as a result of the Texas freeze and output cuts, but with prices rising, some OPEC members are itching to ease production constraints

HSBC’s top executives prepare move to Asia after announcement of 2020 earnings - Livemint

The coming reset comes just 12 months after an overhaul that called for cutting 35,000 jobs, about 15% of the total, over three years. But Chairman Mark Tucker told the Asian Financial Forum conference in January that the pandemic has upended those plans

Bitcoin and ethereum prices 'seem high,' says Elon Musk - Mint

Elon Musk, whose recent tweets have fueled the digital-currency rally, made the remark on Twitter while replying to a user who said that gold was better than both bitcoin and conventional cash

Explained: Will UK ruling on Uber drivers have an impact on India? - The Indian Express

The UK Supreme Court, however, turned down this plea and that the lack of a legal agreement as such between Uber and the drivers on its platform would not be an impediment in its being considered an employer.

The market surge makes Indian bourses most expensive globally - BusinessLine

With PE of 35.6 times, Nifty 50 at steep premium to China SSE Composite, Dow

Punjab National Bank Recruitment 2021: Huge Opportunity For 12th Passed Students, Apply Soon - Kalinga TV

Torrent Power emerges highest bidder for Dadra Nagar Haveli, Daman & Diu discoms - ETEnergyworld.com

The company outbid firms like Adani Transmission, CESC and ReNew Power who submitted price bids

EPFO: 12.54 lakh net new subscribers added in December - Mint

The EPFO added around 53.70 lakh subscribers during the first three quarters of the current financial year.The net new enrolments with EPFO increased 24% year-on-year in December, the data showed

Nissan India confirms Magnite sold in India is safe - Team-BHP

Nissan has confirmed that the Magnite sold in India has earned 4 stars in crash tests conducted by ASEAN NCAP. The company tweeted the message as a response to a question asking whether the ASEAN NCAP rating was applicable to cars sold in India as well.

BSNL brings the cheapest recharge plan, unlimited calls and data for just Rs 47 - Zee News

The government-owned Bharat Sanchar Nigam Limited (BSNL) has introduced a cheaper recharge plan with a new First Recharge (FRC) of Rs 47 for the prepaid subscribers, which is applicable to new customers who are going to recharge for the first time.  The plan …

SBI YONO Merchant App for Low-Cost Digital Payments - Goodreturns

To offer low-cost digital payments infrastructure to merchants, SBI Payments, a subsidiary of Indias largest lender State Bank of India will launchYONO Merchant App, the bank said on Saturday.

New PF tax rules from April: How it will impact you - Mint

The salaried employees who use Voluntary Provident Fund to invest more than mandatory 12% of basic pay, will also be impacted by this new rule

Petrol, Diesel Prices To Remain On The Higher Side: Heres Why - Goodreturns

As it is the government is facing shortfall in revenue and to boost up the economy and take it out from the downfall it saw amid the outbreak of corona it is in need of funds and hence unlikely to cut down on excise duty on fuel. Though the Budget 2021, deman…

Karnataka Bank reports Rs 34.16-crore fraud to RBI - Moneycontrol

The lender said IL&FS Transportation had availed credit from it during 2016 under multiple banking arrangements in which Karnataka Bank was one of the members.

CSC launches campaign to promote electric vehicles in rural areas - HT Auto

The campaign urges people to switch to electric vehicles and promote greener mobility.

Azim Premji receives AIMA lifetime achievement award - Times Now

Philanthropy must come from within and it cannot be mandated from outside. Individual/personal philanthropy must be separate from a company's Corporate Social Responsibility, said Azim Premji

Kiger effect: PPS opens 5 new Renault showrooms in Telangana - Team-BHP

Renault dealer PPS Motors has opened five brand new showrooms in LB Nagar, Kompally, Malakpet, Warangal and Nizamabad in Telangana state. These new showrooms have been opened to cater to an overwhelming response that PPS Renault claims to have received for th…

Desi scientist calls it: Nasa’s Mars ‘touchdown confirmed - Times of India

US News: WASHINGTON: Swati Mohan’s voice was calm and steady as she walked the Nasa team – and the rest of the world – through Mars Rover Perseverance’s rendez.

From Sonet to Kushaq, why SUVs are now getting an India-first showcase - HT Auto

Made for India is the buzzword for many car manufacturers with a premier for the world being beamed from here.

IKEA in Uttar Pradesh soon! Check out what the new mall has to offer - Zee News

The Yogi Adityanath government in Uttar Pradesh has signed an MoU with IKEA, the largest furniture and home applications company of the world, which will invest Rs 5500 crore in Uttar Pradesh during the next five years. Starting with Noida, IKEA plans to open…

Honda H'ness Vs CB350 RS Features & Design Comparison - Video - GaadiWaadi.com

Honda CB350 RS is a scrambler take on the regular H'ness CB350 with a number of notable differences that are explained in detail here

What will Indian investors lose if govt really bans cryptocurrency - Economic Times

Banning ‘cryptocurrencies, better termed crypto assets, would also stop investment in companies that use crypto tokens to power their technology.

Vodafone Idea Lost a Whopping 5.6 Million Users in December 2020, Airtel Gains 4 Million: Trai - TelecomTalk

Trai has released Telecom Subscription Data as of December 31, 2020, in which it revealed that Vodafone Idea lost a whopping 5.6 million users

IBM may sell Watson Health business generating $1 billion annual revenue, says report - Business Insider India

San Francisco, IBM is mulling to sell its Watson Health business that is generating nearly $1 billion in annual revenue but is not profitable. The Wall Street

Bitcoin hits $1 trillion market cap, surges above $56,000 - Economic Times

The world's most popular cryptocurrency rose to an record $56,620, taking its weekly gain to 18%. It has surged more than 92% this year.

Google Artificial Intelligence Chief Apologises For Firing Black Woman Employee - NDTV

Google will start grading executives based on workforce diversity goals and increase human resources staffing, acknowledging fault in its acrimonious split with Timnit Gebru, a prominent former employee and one of the few Black women in the field of artificia…

Maruti Suzuki Jimny Considered For Launch In India - Report - GaadiWaadi.com

Maruti Suzuki Jimny could be powered by a 1.5-litre mild-hybrid petrol engine developing 104.7 PS and 138 Nm of peak torque

Citigroup considering divestiture of some foreign consumer units - Bloomberg Law - Economic Times

The move, part of Fraser's attempt to simplify the bank, can see units in South Korea, Thailand, the Philippines and Australia being divested, the Bloomberg report said.

Gold prices slide to lowest in 8 months, silver rates face volatility - Hindustan Times

Gold prices hit an eight-month low on Friday as prices in India followed global cues.

Explained: What Sputnik V’s emergency use application may mean for India - The Indian Express

Dr Reddy’s Laboratories has approached India's apex drug regulatory body for emergency approval of Sputnik V. The Indian Express looks at what this would mean for the country and its vaccination campaign against Covid-19.

Salary Hike 2021-22: GOOD NEWS! More salary, double digit increment for Indian working class this year-Chec... - Zee Business

Salary Hike 2021-22: After going through a harrowing last year that saw pay cuts and job loss amid Coronavirus pandemic, there is news that will cheer up the working class. Indian working class is all set to be rewarded with good appraisal this year.

‘Altcoins’ up 5x on hunt for next Bitcoin - Times of India

India Business News: Altcoins, or alternate cryptocurrencies, are gaining traction because buyers find them cheaper than Bitcoins, which have been reaching new highs ever

It's tough to land on Mars, Nasa did a good job; our 2nd Mars mission will be an orbital one: Isro chief - Times of India

India News: NEW DELHI: While congratulating Nasa scientists for the successful landing of their ‘Perseverance’ rover on Mars, Indian Space Research Organisation (.

Oil Prices Fall Back Below $60 - OilPrice.com

Oil prices have fallen back below $60 but remain at levels not seen since January 2020

Adani, DP Jain win bids for highways in toll road auction - Mint

Both the bundles are in Gujarat with the first having a size of 53.6 km and the second being 105 km

Here`s how to get free FASTag at toll plazas till March 1 - Zee News

To push the Digital India initiative, the National Highway Authority of India (NHAI) has started giving the RFID tag that helps in the electronic payment of toll charges free at its toll plazas and it will continue till March 1.

SC Directs RBI to Lay Down Regulations in Six Months for Locker Facility Management in Banks - News18

Holding that banks cannot wash off their hands towards their customers for the operation of lockers, the Supreme Court Friday directed the Reserve Bank of India (RBI) to lay down regulations within six months mandating the steps to be taken by banks with resp…

Pfizer Says Its Coronavirus Vaccine Can Be Stored In Ordinary Freezers - NDTV

Germany's BioNTech and its US partner Pfizer on Friday said tests have shown that their coronavirus vaccine can stand warmer temperatures than initially thought, potentially simplifying the jab's complex cold-chain logistics.

Star commodity becomes a laggard: Golds worst start to a year since 1991 - Business Standard

Spot prices touched a seven-month low on Friday, deepening a slump and breaching through a support level that analysts say could portend further losses

Nifty gives up 15,000 as SBI joins selloff in banking stocks. What analysts say - Mint

Global markets have pulled back from recent record highs as rising bond yields and disappointing U.S. jobless data hurt investor confidence

Renault Kiger Turbo in a first drive review video - CarToq.com

Renault India recently launched their sub-4 meter compact SUV Kiger in the market. It is Renault’s first ever compact SUV in the highly competitive sub-4 meter segment. Mass production for Renault Kiger has already begun and the prices have also been announce…

PSB privatisation: Can government outfox India’s powerful trade unions? - Moneycontrol

Reversing bank nationalisation is a politically sensitive step. But, the government seems to have a plan this time.

After honey, Marico gets into instant noodles under Saffola brand - Business Standard

Takes on Nestle, ITC in a Rs 4,000 cr market; first big launch after Maggi crisis

Nilesh Shah explains why outflows from MFs continue even as SIPs are in limelight - Economic Times

Redemption pressure is resulting in selling by mutual funds, says the Kotak AMC MD.

Don’t stock up on FMCG stocks, there's comfort in ferrous metals: Sunil Subramaniam - Economic Times

The ferrous metals pack is the more reliable pack. There are lesser technical inputs and closer linkage to world economic and infrastructure related recovery, says the MD & CEO, Sundaram Mutual

Buy Repco Home Finance; target of Rs 400: Sharekhan - Moneycontrol

Sharekhan is bullish on Repco Home Finance has recommended buy rating on the stock with a target price of Rs 400 in its research report dated February 17, 2021.

2021 Mahindra XUV500 Will Be Most Powerful SUV In Its Segment - India Car News

The second-generation Mahindra XUV500, which is currently in its final testing stage, is reported to hit roads in third quarter of 2021. The SUV will take a big leap in terms of design, features, engine mechanism and performance. One of the biggest changes wi…

Subscribe to Heranba Industries: Anand Rathi - Moneycontrol.com

Anand Rathi has come out with its report on Heranba Industries. The research firm has recommended to ''Subscribe'' the ipo in its research report as on February 19, 2021.

Rakesh Jhunjhunwala Portfolio: Big bull enters 5 new stocks, cuts stake in 5 shares in December quarter - Moneycontrol.com

Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala owned 40 listed stocks in their portfolio at the end of December 2020.

Ashok Leyland begins bus production at Vijayawada plant - ETAuto.com

Located 40 km away from Vijayawada, this plant spread over 75 acres has the latest technologies to deliver the high quality standards of the Ashok Leyland brand. It has the capacity to produce 4800 buses a year.

Gadkari urges power minister to reconsider restriction on solar rooftop projects - ETEnergyworld.com

The power ministry had recently issued a gazette notification directing states to henceforth allow net metering only for solar rooftop projects with capacity lower than 10 KW.

'All Pieces in Place': WHO Gives AstraZeneca Covid-19 Vaccine Approval For Emergency Use - News18

GENEVA: The World Health Organization (WHO) on Monday listed AstraZeneca and Oxford University’s COVID-19 vaccine for emergency use, widening access to the relatively inexpensive shot in the developing world.