Business news 27 Feb, 2021

Maruti Suzuki has now exported 2 million cars to foreign markets from India - HT Auto

Maruti Suzuki began exporting cars from India to other countries back in 1986..Maruti had exported one million cars by 2012. The second million took all of eight years..Maruti is presently exporting a total of 14 models in 150 variants to around 100 countries.

Top 3 key elements to look out for while deciding to subscribe to an IPO - Moneycontrol.com

The IPO process allows retail investors, HNI investors, and institutions to invest in shares of the company and benefit from the ownership as the value of the company increases.

Restrictions On International Passenger Flights Extended Till March 31 - NDTV

The restrictions on international flights have been extended till March 31, aviation watchdog Directorate General of Civil Aviation or DGCA said in a statement on Saturday.

Diesel And Petrol Price Decreases In Bhubaneswar On Saturday - Kalinga TV

Farmers' protest backlash hits Reliance Jio in Punjab, Haryana - India Legal

With farmers believing that Reliance will benefit from contract farming laws and porting to other telecom operators in Punjab and Haryana, the company’s wireless subscribers have reduced substantially.

5 new 7-seat SUVs launching this year - CarToq.com

With the rising popularity of the sub-4m compact and compact SUVs in the Indian market, manufacturers are eyeing the 7-seater SUV segment. Until a few years ago, the only options in this segment were the Hyundai Tucson and the good old Mahindra XUV500 but the…

Nasdaq finishes higher, tech stocks retrace some losses - Moneycontrol.com

The Dow Jones Industrial Average closed 469.64 points lower, or 1.5%, to 30,932.37, the S&P 500 lost 18.19 points, or 0.48%, to 3,811.15 and the Nasdaq Composite added 72.91 points, or 0.56%, to 13,192.34.

All-new Tata Safari SUV gets a range of accessory packs - CarToq.com

Tata Motors just launched their flagship SUV in the Indian market. As we all know it is known as the Safari, Tata decided to bring back the legendary nameplate for their flagship SUV. The bookings for the SUV is set to Rs. 30,000 and the deliveries have alrea…

Economy exits recession as GDP grows 0.4% in Q3; Govt cautions pandemic risk persists - The Indian Express

In a statement, the Finance Ministry said the Q3 numbers were a reflection of the further strengthening of a V-shaped recovery, but warned that India was not yet out of the danger of the pandemic.

Sensex suffers its worst single-day fall in 10 months, crashes 3.8% - Business Standard

The Sensex fell 1,939 points, or 3.80 per cent, to end at 49,100 -- its biggest loss since May 4 last year -- while the Nifty closed at 14,529, down 568 points, or 3.76 per cent

Huawei wants to make electric cars later this year - GSMArena.com news - GSMArena.com

Some models would launch before the end of 2021, surprisingly enough.

Gold Price Prediction - Prices Break Down and are Poised to Test Lower Levels - FX Empire

US yields ease

Reserve Bank favours retaining inflation target for next 5 years - Mint

Under India’s flexible inflation targeting approach, the central bank is expected to work to maintain retail inflation at 4%, with an upper tolerance limit of 6% and a lower limit of 2%

Sensex sees worst day in 10 months, sinks 3.8% - The Hindu

Global bond yields soar, rupee plunges

Didn’t shift to disaster recovery site after evaluation: NSE on glitch - Mint

The exchange has been condemned by brokers on why trading could not be switched over to NSE’s backup site.NSE said that it has a strong technology governance process in place wherein the technology infrastructure is reviewed on a regular basis by committees

Tesla Model 3 Production Temporarily Halted Due To Supply Chain Issues - GaadiWaadi.com

The production of Tesla Model 3 at the Palo Alto, California facility is reportedly halted due to supply chain issues

Top 10 Business, Markets News In Under 5 Minutes: BQuick On Feb. 26 - BloombergQuint

BQuick | Top news, must-read stories and columns – all served up in less than 5 minutes.

Rupee logs worst day in nearly 19 months, dives 104 paise against USD - India Today

In its biggest single-day fall in nearly 19 months, the Indian rupee tumbled 104 paise to close at 73.47 against the US dollar as a rout in global bond markets weighed on investor sentiments.

Market crash wipes off ₹5.3 lakh crore of investor wealth - Mint

At the close of trade, the total market capitalisation of BSE-listed companies eroded by ₹5,37,375.94 crore to ₹2,00,81,095.73 crore.

No Vaccinations This Weekend As Software Is Upgraded - NDTV

The Central government said on Friday it will let people choose their coronavirus vaccination centres when the campaign expands next week, effectively letting beneficiaries pick either a home-grown shot or the AstraZeneca one, unlike now.

A ‘NUE’ rival for NPCI is in the making: Why does the RBI want another entity for retail payments? - Moneycontrol

The RBI and the government have been pushing for ‘cashless’ economy aggressively. The central bank’s assessment is that NPCI alone cannot manage the big shift.

Gold Price (XAU/USD) Outlook - Treading on Thin Ice as US Treasury Yields Heat Up - DailyFX

US Treasury yields are driving price action in a wide range of asset classes, including gold, as investors fret that inflation is on the rise.

This Modified Mahindra Thar Is A Wannabe Jeep Wrangler - GaadiWaadi.com

Check out this modified Mahindra Thar, which has been transformed into a three-door Jeep Wrangler lookalike

India's April-January fiscal deficit hits 66.8% of full-year target - Times of India

India Business News: India's fiscal deficit in the 10 months to end-January stood at Rs 12.34 lakh crore ($167 billion), or 66.8% of the revised budgeted target for the wh

Sunil Subramaniam’s advice for investors as Sensex tanks nearly 2,000 points - Economic Times

Corrections are the time to buy. Ultimately, the economy drives the earnings growth, says MD & CEO, Sundaram Mutual

Mukesh Ambani is again richest Asian as China’s Zhong loses $22 billion - Mint

With a net worth of about $80 billion, Mukesh Ambani is again richer than Zhong Shanshan, whose bottled-water company tanked a record 20% this week. The Chinese tycoon is worth $76.6 billion, down more than $22 billion from a peak just last week

Boarding flights from Mumbai Airport? Big terminal change alert at CSMIA airport - The Financial Express

Experts say market correction along expected lines; Laurence Balanco of CLSA sees support for Nifty at... - Moneycontrol.com

The correction was overdue as the market was trading at higher valuations and most of the positives had been factored in, say experts.

SpiceJet, HAL among six companies to set up aircraft leasing units in GIFT City - Moneycontrol.com

This follows the government announcing tax breaks for leasing companies in the Union Budget

Day after govt's social media rules, Twitter says, 'Many people don't trust us' - Hindustan Times

Centre has announced a host of rules according to which social media platforms will have to act quickly if some content is flagged by the government.

2021 BMW R nineT, R nineT Scrambler launched in India - HT Auto

Both the BMW R nineT, R nineT Scrambler models have been introduced as completely built-up units (CBU) in the country..Both bikes are available for bookings across all the BMW Motorrad India dealerships, starting from Friday.

Next-gen Bajaj Pulsar caught testing for the first time - Team-BHP

The first images of what is believed to be the next generation Bajaj Pulsar have surfaced online. The camouflaged test mule looks similar to the NS200. The bike has fairings on either side of the fuel tank. It also has a chin fairing and a narrow tail section.

AstraZeneca, Sputnik, Johnson & Johnson vaccines face hurdles if Covid-19 shots become annual affair - Deccan Herald

Vaccines from AstraZeneca, Russia's Gamaleya Institute and Johnson & Johnson fight the coronavirus with another virus, leaving scientists concerned the shots may lose potency if annual inoculations become necessary to fight new variants. So-called viral vecto…

2021 Maruti Suzuki Swift exterior accessories detailed - CarWale

2021 Maruti Suzuki Swift exterior accessories detailed

Oxford University's Covid lab suffers cyberattack - News - Khaleej Times

Oxford University has confirmed that one of its laboratories involved in Covid-19 research suffered a cyberattack after an investigation by Forbes su...

RailTel Corp of India Jumps 16% in Market Debut - News18

Shares of state-owned RailTel Corporation of India Ltd opened nearly 16% higher in their market debut on Friday, showing continued demand for new stock market listings in the country.

Is Wipro Responsible For Citi Bank’s Rs 6500 Crore Loss Due To A Blunder? Here’s The Truth! - Trak.in

According to an exclusive report by Moneycontrol’s Dinesh Unnikrishnan and Chandra R Srikanth, Indian IT firm Wipro is in the spotlight in what is called to be the global banking major Citibank’s “biggest ever banking blunder”. The Six Eyes ProtocolA

Parmish Verma shares picture of his older Tata Safari - CarToq.com

Famous Punjabi singer, actor and director, Parmish Verma shared an old picture of him standing beside his old Safari Dicor and the all-new 2021 Safari 2021. The 1st Safari was delivered to Parmish Verma by Tata Motors. Both the pictures have been clicked at t…

WhatsApp and More Messaging Apps Might Lose End-to-End Encryption Soon - TelecomTalk

After the big drama of the new privacy policy introduced by WhatsApp, it looks like Indian users are going to lose more of their privacy

Starlink Broadband Is Coming To India Next Year, And You Can Reserve Now For $99 - News18

Good news! There had been anxious and exuberant expectation about the Starlink satellite broadband service and a potential launch in India soon, and now we have confirmation that it is indeed happening.

Boeing, hit with $6.6 million FAA fine, faces much bigger 787 repair bill - Moneycontrol

The penalties include $5.4 million for not complying with the agreement in which Boeing pledged to change its internal processes to improve and prioritize regulatory compliance and $1.21 million to settle two pending FAA enforcement cases

DHFL share price hits 5% upper circuit on filing resolution application with NCLT - Moneycontrol.com

DHFL received no objection from the Reserve Bank of India and filed an application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance.

5 Best Tax Saving Schemes With Guaranteed Returns Up To 7.6% - Goodreturns

Tax-saving deductions under section 80C of the Income-tax Act, 1961 is commonly considered by the taxpayers during a financial year. Section 80C is one of the most prevalent deductions available under the Income-tax Act, 1961.

Koo co-founder says new guidelines will help make social media 'more positive place' - Moneycontrol

Koo, which was launched in March 2020, is viewed as the Indian alternative to Twitter.

Dilip Buildcon share price hits new 52-week high on bagging orders worth Rs 2,241 crore - Moneycontrol.com

The company has been declared as L-1 bidder for two National Highways Authority of India HAM projects under Bharatmala Pariyojana, Phase I in the state of Tamil Nadu and Union Territory of Puducherry of orders worth Rs 2241 crore

"If You Have Less Money Than Elon...": In Gates Vs Musk, A Bitcoin Warning - NDTV

Unless you're the world's richest person, you shouldn't be buying Bitcoin. That's the message from Bill Gates - the third richest.

PSU banks may outperform private peers in next few quarters - Economic Times

Expect very good returns from PSU banks for the next six to 12 months or so, says Dipan Mehta.

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

Mitessh Thakkar of mitesshthakkar.com suggests buying Aurobindo Pharma with a stop loss of Rs 876, target at Rs 835 and Coal India with a stop loss of Rs 146, target at Rs 165.

Supreme Court gives breather to govt, EPFO in pensions case - Hindustan Times

It also directed that no adverse orders be issued against EPFO and the government for not complying with the apex court’s 2019 judgment, which ordered that subscribers of the Employee Pension Scheme or EPS be given the full pension as calculated by their last…

GLOBAL MARKETS-Asian markets roiled as bond rout turns 'lethal' - Investing.com India

The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.

Twitter announces Super Follows and Communities features - GSMArena.com news - GSMArena.com

Super Follows is the company's first premium feature.

US loosens Pfizer vaccine shipping regulations - Moneycontrol

The Food and Drug Administration said Thursday that it's allowing the additional option after reviewing new data from New York-based Pfizer and its German partner, BioNTech.

What changed for the market while you were sleeping? Top 10 things to know - Moneycontrol.com

Trends on SGX Nifty indicate a gap-down opening for the index in India with a 281 points loss.

BSNL Launches Rs 299, Rs 399 and Rs 555 DSL Broadband Plans - TelecomTalk

Aead of the new month, BSNL has launched three DSL broadband plans priced at Rs 299, Rs 399 and Rs 555 with 10 Mbps speeds

Dell Posts Better-Than-Expected Earnings, Driven by Strong PC Demand - Barron's

Dell Technologies posted better-than-expected results for the fiscal fourth quarter, driven by both continued strong personal computer demand and signs of improving fundamentals in its enterprise hardware unit.

Indian Oil receives approval to expand Panipat Refinery to 25 MMITPA by 2024, estimated project costs at Rs32,946cr - Indiainfoline

The refinery will be expanded along with the installation of Polypropylene Unit and Catalytic Dewaxing Unit.

RBI governor urges Centre, states to cut fuel taxes - Times of India

India Business News: RBI governor Shaktikanta Das has again called upon the central and state governments to take coordinated action and cut down taxes on petrol and dies

Shell Sees LNG Demand Nearly Doubling By 2040 - OilPrice.com

Global demand for liquefied natural gas LNG is set to nearly double from 360 million tons last year to 700 million tons by 2040, thanks to continued solid demand from Asia and a rise in gas use for powering hard-to-electrify sectors

2021 Maruti Suzuki Swift launched: Why should you buy? - CarWale

Read below to learn more about why you should buy the updated Maruti Suzuki Swift.

Ola Electric Scooter Plant Construction Underway - Production Will Start In 2021 - RushLane

As Ola moves ahead at breakneck speed to build the world’s largest two-wheeler factory, the company will be production ready in 2021.

BRIEF-South Indian Bank Says Approved Issuance Of Shares Aggregating To 2.40 Bln Rupees - Investing.com India

The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.

Zomato revises delivery partner remuneration to accommodate fuel price hike - Moneycontrol

India gifted 500,000 doses of the COVID-19 vaccine which kicked off Sri Lanka's vaccine rollout in late January. The vaccines were given to the frontline workers and the security personnel.

Bumper listing | Nureca share price spikes 67% to close at highest level of Rs 667 - Moneycontrol.com

During initial trade, the stock had touched a lower circuit but immediately gained momentum and stayed at upper circuit throughout the session.

Retail Investors Redirecting Funds Away From Mutual Funds: SEBI’s Ajay Tyagi - BloombergQuint

India’s stock market has added nearly one crore demat accounts in the first 10 months of 2020-21.

M&M sells Mahindra First Choice Services for ₹21.5 cr to TVS - BusinessLine

Mahindra Holdings Ltd, a wholly owned subsidiary of Mahindra & Mahindra, on Thursday said that it has sold its entire stake in Mahindra First Choice Services (MFCS) for ₹21.5 crore, as well as

Explained: How does Johnson & Johnson single-dose Covid-19 vaccine work? - The Indian Express

The US Food and Drug Administration (FDA) has said that the single-dose vaccine for Covid-19 manufactured by Johnson & Johnson is safe and effective against the novel coronavirus. How does the shot work?

XLRI achieves 100% placement within two days, average salary of ₹25.08 lakh - Mint

The average salary saw an increase to ₹25.08 lakh per annum from ₹24.30 lakh per annum in 2020

Elon Musk Replies with Eggplant Emoji to Critic, Internet Gives Him a Standing Ovation - News18

If a picture is worth a thousand words then the modern-day emoji is worth a thousand emotions.

Infra.Market Becomes India’s Latest Unicorn After $100-Million Fundraising - BloombergQuint

Infra.Market has raised $100 million in a growth round led by led by Tiger Global.

Mukesh Ambani planning EV batteries & renewable energy initiatives - CarToq.com

With the rising popularity of electric cars in India, manufacturers around the world are launching products to lure buyers. Since electric vehicle space is a new and different market, both experienced manufacturers and start-ups are bringing in new products t…