Business news 24 Feb, 2021
Market LIVE Updates: Indices trade higher; PSU banks in focus, Coal India top gainer - Moneycontrol.comMoneycontrol
SBI, HDFC Bank, Axis Bank, Bajaj Finance and Titan Company were among major gainers on the BSE Sensex.
Hyundai christens upcoming 7-seater SUV as Alcazar - Times of IndiaThe Times of India
Cars News: Hyundai Motor India on Wednesday unveiled the name of its upcoming 7-seater SUV as Alcazar.
Maruti Swift Facelift Launch Price Rs 5.73 L To Rs 8.41 L - Official - RushLaneRushlane.com
Maruti Suzuki has launched the new Swift facelift in India. It is about Rs 40k more expensive than the older Swift.
Trading Halted On NSE Due To Technical Glitch - NDTV ProfitNDTV News
Live price quotes of all the 11 sector gauges compiled by the NSE were also not updating due to the technical glitch at the National Stock Exchange.
Higher provident fund outgo may blunt salary hikes - Times of IndiaThe Times of India
India Business News: Salary hikes this year may not translate into higher cash-in-hand for employees if organisations choose to pay more in provident fund (PF) contributio
Here's How Much Wealth You Need to Join The Richest 1% Globally - NDTVNDTV News
Joining the ranks of the richest 1% is never easy, but it's especially hard in Monaco. You need to be worth almost $8 million to make the cut in the Mediterranean principality, where residents typically don't pay income taxes, according to research on more th…
Gold Price on February 24: Rates Rise in Delhi, Mumbai and Kolkata - News18News18
Both the gold and silver prices on Wednesday witnessed a nominal hike as the cost of one gram of 22-carat gold stood at Rs 4,595, after an increase of Rs 49 from the earlier rate of Rs 4,546.
Here's what global brokerages have to say about RIL's oil-to-chemicals spin-off - Moneycontrol.comMoneycontrol
Research house Nomura has kept a buy rating for a target of Rs 2,400 per share.
Nureca IPO share allotment status: How to check - Moneycontrol.comMoneycontrol
Nureca will list its equity shares on February 25
Tata Consumer Products, Pfizer, NTPC: Top Stocks for Investors on February 24 - News18News18
The stock market on Tuesday remained volatile and closed in the green breaking the five-day losing streak.
Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar for short term - Moneycontrol.comMoneycontrol
Mitessh Thakkar of mitesshthakkar.com suggests buying Tata Steel with a stop loss of Rs 719, target at Rs 755 and Cummins India with a stop loss of Rs 790, target at Rs 830.
Petrol and diesel prices in your city today, check here - The Indian ExpressThe Indian Express
Petrol and Diesel price today: The price of petrol in Delhi currently stands at Rs 90.93 per litre while that of diesel is at Rs 81.32. In Mumbai, petrol costs Rs 97.34, while diesel is retailing at Rs 88.44. Read more to find out fuel prices in your city.
Jeep India To Launch 4 New Models Over The Next 18 Months - GaadiWaadi.comGaadiWaadi.com
Jeep will launch the locally assembled Wrangler next and the sub-four-metre SUV will likely go on sale towards the later stages of 2022
Indian banks put crypto traders' accounts under the microscope - CointelegraphCointelegraph
Critics believe India’s crackdown on crypto-related bank accounts will prevent it from keeping up with fintech development in the rest of the world.
Jet creditors to be paid ₹600 cr over two years - MintLivemint
The consortium chosen to revive Jet hopes to pay ₹1,183 cr to creditors over five years
Amazon partners Mahindra for EVs - MintLivemint
Amazon has deployed M&M’s Treo Zor electric three-wheelers in seven cities
Trai may review 5G pricing if govt prods - MintLivemint
Govt must give strong reasons to justify change in spectrum pricing
New users and clunky apps add to UPI failures at PSBs - MintLivemint
Customer profile of PSU banks could be the reason behind frequent transaction fails
CoinDesk Square Buys Another $170M in Bitcoin - CoindeskCoinDesk
Square announced in advance of its fourth-quarter earnings call Tuesday that it had purchased 3,318 more bitcoins.
Develop products that are built for privacy: Satya Nadella - Times of IndiaThe Times of India
India Business News: Microsoft CEO Satya Nadella said on Tuesday that as technology becomes all pervasive in our lives, privacy will become a fundamental right. He added t
Copper supply expected to move into deficit in 2021, says StoneX - MINING.COM - MINING.comMINING.com
Natalie Scott-Gray, a senior metals analyst at StoneX, forecasts copper demand in 2021 will rise by about 5% year-on-year.
Hydrogen usage can be a game changer for India - MintLivemint
India’s National Hydrogen Energy Mission, which is in the works, may mandate fertilizer, steel and petrochemicals industries to shift to green hydrogen use. The proposal may be taken up by cabinet for approval soon. Mint explains the importance of hydrogen in…
People in France, Germany, and the UK are turning down the AstraZeneca vaccine because they want the Pfizer on - Business Insider IndiaBusiness Insider India
Some people in France, Germany, and the UK are insisting on a particular coronavirus vaccine. European officials are struggling to give out AstraZeneca's jab,
SolarWinds, Microsoft, FireEye, CrowdStrike executives face US Senate grilling - MoneycontrolMoneycontrol
The four are expected to argue for more - or even mandatory - transparency in the national response against cyberespionage, which has long been hobbled by secrecy and a widespread reluctance to identify publicly as victims of hacking.
Fed's Powell: US economic recovery is uneven and incomplete - Moneycontrol.comMoneycontrol
Powell's comments are in contrast to the increasing optimism among many analysts that the economy will grow rapidly later this year.
Tata Consumer to replace Gail India in Nifty 50 effective March 31 - Business StandardBusiness Standard
Move is expected to result in passive inflows of $89 million (Rs 650 cr) in Tata Consumer. Gail could see outflows of $57 million (Rs 410 cr)
Elon Musk loses title of world’s richest person to Bezos after more Twitter drama - The Next WebThe Next Web
Elon Musk’s epic four-day stint at the peak of global wealth has come to a tragic end after the tycoon’s itchy Twitter finger triggered more financial upheaval. Musk lost $15 billion from his net worth in a single day after Tesla shares tumbled 8.6% on Monday…
2021 Jeep Wrangler Local Assembly Begins; India Launch On March 15 - GaadiWaadi.comGaadiWaadi.com
2021 Jeep Wrangler will likely be more affordable than the outgoing model and is expected to boast new features and an updated interior
Dubai Restaurant Serves 'Most Expensive Biryani' With 23 Carat Gold! Would You Try It? - NDTV FoodNDTV News
A restaurant in Dubai launched the special biryani plate that served in a large golden plate and is adorned with edible 23 carat gold leaves. Guess how much it costs?
Explainer: What has gone wrong at General Motors India plant? - Moneycontrol.comMoneycontrol
General Motors has sent a letter to its employees asking them to accept the voluntary separation package issued by it or be ready to face a lawsuit.
ASCI's new guidelines will make things a little tricky for influencers, here's how - Moneycontrol.comMoneycontrol
ASCI’s objective to come up with the guidelines for influencers was to protect the interest of the consumers.
2021 Triumph Street Twin breaks cover - BikeWaleBikewale.com
Triumph has globally taken the wraps off the 2021 edition of its modern-classic offering, the Street Twin.
Army places emergency procurement order for Kalyani M4 armoured vehicles tested in Ladakh - ThePrintThePrint
The M4 armoured vehicles were ordered from Pune-based Bharat Forge and had undergone trials in Ladakh, along with its competitors, in August 2020.
Tata Motors turn investment experts bullish — some of them still unconvinced - Business Insider IndiaBusiness Insider India
India's GDP May Turn Positive At 1.3% In December Quarter: Report - MoneycontrolMoneycontrol
India posted de-growth of 24 percent and 7.5 percent in GDP in first and second quarters ended June and September 2020, respectively.
Janet Yellen's proposal for a capital gains tax in US may push global money towards markets like India - Business Insider IndiaBusiness Insider India
US Treasury Secretary Janet Yellen has proposed a hike in capital gains tax, as well as taxing unrealised capital gains. Wealth managers believe this could
United Flight Engine Failure: Images Reveal Puncture in Plane's Fuselage, Deadly Crash Averted - News18News18
A United Airlines' Boeing 777-200 landed safely in Denver this weekend after its right engine failed.
Tata Harrier vs Tata Safari - Team-BHPTeam-BHP
Tata Harrier vs Tata Safari Tata Motors sure has been on a roll of late. Not only have they enjoyed success with their current line-up of cars (
Rakesh Jhunjhunwala sees Nifty at 90k-100K by 2030; shares views on Indian economy, bitcoin and more - Moneycontrol.comMoneycontrol
The resurgence of COVID-19 in parts of the country does not bother the big bull. He does not expect a second wave in India.
Hyundai Ioniq 5 Unveiled With Nearly 500 Km Range; 0-100 In 5.2 Seconds - GaadiWaadi.comGaadiWaadi.com
Hyundai Ioniq 5 is the first model based on the E-GMP dedicated EV platform and it will go on sale later this year globally
New-Gen Mercedes-Benz C-Class Makes Official Debut - GaadiWaadi.comGaadiWaadi.com
The new-gen Mercedes-Benz C-Class is expected to be launched in India in 2022, and will continue to rival the BMW 3 Series, Jaguar XE and Audi A4 here
2021 Bajaj Pulsar 180 launched at Rs. 1.08 lakhs - Team-BHPTeam-BHP
Bajaj has launched the 2021 Pulsar 180 motorcycle in India at a price of Rs. 1,07,904/- (ex-showroom, Delhi). The motorcycle is powered by a 178.6cc, single-cylinder, 4-stroke, SOHC 2-valve, air-cooled, BS6-compliant DTS-i Fi engine. It produces 16.
The all-new BMW R 18 Classic debuts in India - HT AutoHindustan Times
The all-new BMW R 18 Classic comes with a standard warranty for three years, unlimited kilometers, with an option to extend the warranty to fourth and fifth year.
Mahindra electric vehicles to power Amazon's deliveries in India - HT AutoHindustan Times
Amazon India said that it will introduce around 10,000 units of electric vehicles in its fleet by 2025..Amazon will acquire Mahindra Treo Zor electric tri-wheeler for its delivery fleet.
Tesla rivaling luxury electric vehicle maker Lucid Motors to go public - HT AutoHindustan Times
Lucid Motor has agreed to go public by merging with blank-check firm Churchill Capital IV Corp..After the price announcement of the Lucid sedan, Elon Musk lowered the price of its flagship Tesla Model S.
Airtel partners with Qualcomm for accelerating 5G services in India - MintLivemint
Recently, Airtel became India's first telco to demonstrate 5G over a live commercial network in the city of Hyderabad.
Will work with the founders of Daily Basket to resolve the 'trademark' issue amicably: BigBasket - Moneycontrol.comMoneycontrol
The Bengaluru-based e-grocery firm last week sent bootstrapped online grocery startup Daily Basket a notice for using the word basket in its brand name and logo.
India detects over 24,000 mutations in 7,000 variants of Covid - Bangalore MirrorThe Times of India
The officials added that the mutations have been detected in around 7,000 variants of the novel coronavirus which are under circulation in the country.
How to check RailTel IPO share allocation status - MintLivemint
RailTel IPO was subscribed over 40 times.RailTel is a debt free company and pays consistent dividends
Covaxin phase 3 efficacy data likely out in two weeks: Bharat Biotech - Hindustan TimesHindustan Times
Covaxin is the first indigenously developed vaccine against Covid-19 and was granted restricted use in emergencies in India despite the lack of phase 3 efficacy data
Reliance lifts Indian shares after five sessions of falls - Investing.com IndiaInvesting.com
The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.
Buy or Sell: Stock ideas by experts for February 23, 2021 - Economic TimesThe Times of India
ET Now spoke to various experts and here's what they have to recommend for today's trading session.
India’s Zomato valued at $5.4 billion in new $250 million investment - TechCrunchTechCrunch
Zomato has raised $250 million, two months after closing a $660 million Series J financing round, as the Indian food delivery startup builds a war-chest ahead of its IPO later this year. Kora (which contributed $115 million), Fidelity ($55 million), Tiger Glo…
CNBC-TV18's top stocks to watch out for on February 23 - CNBCTV18CNBCTV18
The Indian market is likely to open higher on Tuesday as the trend on SGX Nifty indicates a positive start for the broader index in India. The Nifty futures were trading 38.00 points or 0.26 percent higher at the 14,713.00 level on the Singaporean Exchange at…
10 years, 44 unicorns, and $106B value creation: Orios Ventures’ report charts spurt in India’s startup ecosys - YourStoryYourStory
Seed-stage VC fund Orios Venture Partners’ new report reveals trends seen in and prospects for the ecosystem, which has seen $106 billion value creation by 44 unicorns in 10 years, resulting in 1.4 million-plus jobs annually.
COVID-19 vaccine rollout renews hopes international travel could return within months - 9News9News
<p>Trials of a vaccine passport have renewed hopes that global travel could return within months.</p>
Jet Airways’ resolution: NCLT rejects staff unions’ plea - BusinessLineBusinessLine
Unions wanted to see plan to know if it protected their rights
Bitcoin plunges after weekend climb to record high - Moneycontrol.comMoneycontrol
Rival cryptocurrency ethereum, which tends to move in tandem with bitcoin, also tumbled after hitting a record high on Saturday. It was last down 8.7% at $1,765.
All-new Tata Safari Adventure Edition: In images - CarToq.comCarToq.com
No one was expecting that Tata Motors will launch an Adventure edition of the Safari. The Adventure edition is a blacked-out version of the standard Safari that comes with cosmetic upgrades all over the exterior and interior as well. The prices of the Adventu…
Renault Kiger Vs Nissan Magnite Price & Features Comparison - GaadiWaadi.comGaadiWaadi.com
Thanks to its introductory pricing, the Renault Kiger has become the most affordable sub-4m SUV in the Indian market The sub-4m SUV segment is one of the hottest spaces in the Indian car industry right now, and the competition became even more interesting wit…
MPC minutes: Growth momentum needs to strengthen further, says RBI guv - MintLivemint
Growth, although uneven, is recovering and gathering momentum, and the outlook has improved significantly with the rollout of the vaccine programme, he said.The growth momentum, however, needs to strengthen further for a sustained revival of the economy, he a…
Future-Reliance deal: NCLT can carry on proceedings but can not pass final order, says SC - MintLivemint
The Supreme Court also agreed to hear Amazon's plea against the Delhi High Court verdict staying its single-judge directive to maintain status quo on the deal
Get private companies in vaccine drive: Premji to finance minister - Times of IndiaThe Times of India
India Business News: “If the government were to engage private industry quickly, we can be sure of achieving coverage of 500 million people within 60 days. That’s a practi
HSBC to announce exit from US retail banking, reshuffles top jobs - MoneycontrolMoneycontrol
The exit from the US consumer business will form part of the lender's strategy update due on Tuesday, as Chief Executive Noel Quinn seeks to cut costs, boost fee income and continue the lender's shift towards Asia.
Heranba Industries IPO: What You Need To Know - BloombergQuintBloombergQuint
Heranba Industries IPO: All You Need To Know
Vedantu acquires Instasolv, a doubt-solving app – the latest in buzzing edtech acquisitions in India - Business Insider IndiaBusiness Insider India
While the details of the deal remain undisclosed, Vedantu had also invested $2 million in Instasolv in July 2020. The latest acquisition will bring on board
RailTel IPO allotment status: Here is how to check your shares - The Indian ExpressThe Indian Express
RailTel IPO Allotment Status Online: The RailTel Corporation of India IPO was subscribed 42.39 times and the shares will now get allotted to investors. Here's how to check if you have been allotted the shares.
Social media influencers may soon have guidelines for disclosure of promotional ad content - MoneycontrolMoneycontrol
As per the proposed draft, influencers will be required to add ‘disclosure labels’ which are “clearly visible, upfront and prominent” on advertising content – ideally placed within the first two lines on any platform
Explained: How rising fuel prices will hit input costs of farm operations - The Indian ExpressThe Indian Express
Escalating fuel prices are set to burn a hole in the pocket of already stressed farming community. Here's how rising prices of petrol and diesel are set to increase the input cost of farming sector by 28 per cent compared to last year.