Business news 28 Feb, 2021
U.S. authorises Johnson & Johnson's COVID-19 vaccine for emergency use - The HinduThe Hindu
J&J's vaccine is expected to be used widely around the globe because it can be shipped and stored at normal refrigerator temperatures
Warren Buffett's $10 billion mistake: Precision Castparts - MintLivemint
Precision shed more than 13,400 jobs, or 40% of its workforce, in 2020, and only recently has begun to improve margins, Berkshire said.'I'll make more mistakes in the future - you can bet on that,' Warren Buffett wrote
Covid: How this Indian firm is vaccinating the world - BBC NewsBBC News
The Serum Institute of India isn't a household name, but it's the world's largest vaccine maker.
Renault Kiger rendered with a sporty paint job - CarToq.com - CarToq.comCarToq.com
Renault just launched the Kiger compact-SUV in the Indian market. It is the most affordable compact-SUV that you can currently buy as it starts from just Rs. 5.45 lakhs ex-showroom. The bookings for the Kiger are already open. The Kiger is competing in one of…
Atum Electric Motorcycle First Batch Delivered To Owners In Hyderabad - RushLaneRushlane.com
Following launch in Q3 2020, Atumobile has now started deliveries of its first product, the low speed Atum 1.0 electric bike.
IPRCL to ink MoUs for projects worth Rs 12,000 crore during Maritime India Summit - Moneycontrol.comMoneycontrol
The MoUs will be signed in areas like rail infrastructure development, maintenance of tracks, logistics plan, training, awareness and preparation reports, development of ropeway and smart mobility, among others
Axis Bank board approves reclassification of United India Insurance as public shareholder - Financial ExpressGoogle News
Petrol, diesel prices at record high after three-day hiatus: Check latest price here - MintLivemint
The price of petrol and diesel have been witnessing a steady rise since the second week of February.Few state governments have been trying to ease the pressure on the end-users by reducing a portion of the state taxes on the fuel.
This week in Auto: 7-seater SUVs catch people’s fancy; GM India warns workers; Osamu Suzuki announces... - Moneycontrol.comMoneycontrol
Here is a complete wrap of all the top stories of the week
You don't have to be rich to do good, says octogenarian billionaire GP Hinduja - Economic TimesThe Times of India
I don't think money plays an important role in life. What is important in life is to give happiness to others. When you give happiness to others you feel permanently happy. I believe in humility. You don't have to be rich to do good.
Encryption vs Compliance: The new IT Act guidelines put messaging services like WhatsApp in a tight situation - OpIndiaOpIndia
To comply with the new IT Act guidelines, services like WhatsApp will have to break its famous end-to-end encryption | OpIndia News
Reliance partners with Google, Facebook for digital payment network bid: Report - Deccan HeraldDeccan Herald
India's conglomerate Reliance Industries has partnered with Facebook Inc, Google and fintech player Infibeam to set up a national digital payment network, Economic Times newspaper reported on Saturday, citing unnamed sources.
Sovereign Gold Bond Scheme 2020-21 Series XII to Open on March 1 - GoodreturnsGoodreturns.in
The Sovereign Gold Bond Scheme 2020-21 - Series XII will be available for subscription from March 01, 2021, to March 05, 2021. The central bank also reported that the issue price for the upcoming bond issue has been set at Rs 4,462 per gram.
We must continue to trade with China: Bajaj Auto MD Rajiv Bajaj - Times of IndiaThe Times of India
India Business News: Favouring continuation of trade with China, Bajaj Auto managing director Rajiv Bajaj on Saturday said goods should be procured from wherever they are
Jio Phone at Rs 1999 is a deal you should not miss if looking for feature phones - India TodayIndia Today
The new Jio Phone 2021 comes with a new design and interesting offers that you should not miss.
Citroen launches new 'La Maison Citreon' phygital showrooms in Delhi, Gurugram - HT AutoHindustan Times
The Citroen's Delhi dealership is located in Naraina Industrial Area, Phase-1, New Delhi, while the Gurugram showroom is located in Trillium Avenue, Sector 29, South City, Gurugram..These dealerships have been claimed to offer a fully digital ecosystem to the…
Ban on international commercial flights extended till March 31 - The Tribune IndiaThe Tribune India
The earlier ban was to end on February 28
'After encouraging Q3 GDP, Budget announcements & RBI's accommodative stance could fuel growth in... - Moneycontrol.comMoneycontrol
The focus on increased spending on the infrastructure sector could have a multiplier effect on the economy. Yet, the fear of rising inflation could pose a dilemma to the Central Bank.
JLR to take a write off of 1.5 bn pounds in Q4 as part of a restructuring - Business StandardBusiness Standard
This will be the second biggest hit for Tata Motors-owned firm since FY19
Hyundai i20 wins 2021 Indian Car of the Year (ICOTY) award - CarWaleCarwale.com
Hyundai i20 wins 2021 Indian Car of the Year (ICOTY) award
Why Bitcoin the Cryptocurrency is Banned in Some Countries? - GoodreturnsGoodreturns.in
A cryptocurrency is a digital currency based on blockchain technology that uses cryptography as a means of security. Possibly, Satoshi Nakamoto is a brilliant person or a pseudonymous name for a team of geniuses that created the first bitcoin in 2008.
Maruti Suzuki Exports Cross 2 Million Milestone - carandbikeCarandbike.com
India's largest carmaker, Maruti Suzuki, has exported its two millionth car from the Mundra Port in Gujarat. A batch of Maruti Suzuki cars comprising S-Presso, Swift and Vitara Brezza left for South Africa from the port in Gujarat.
How audio chatrooms like Clubhouse are tapping anew into the age-old appeal of the human voice - FirstpostFirstpost
Clubhouse’s key attribute is its medium: audio, which sets it apart from established social media and messaging services like Facebook, Instagram, TikTok, WhatsApp and YouTube that use text, photos, video or a mix.
SEC Suspends Trading in 15 Stocks That Got Hyped on Social Media - BloombergQuintBloombergQuint
U.S. regulators are engaging in the stock market’s version of whack-a-mole.
The tiny, low-cost EV that is mounting a spirited challenge to Tesla - HT AutoHindustan Times
Hongguang MINI has a price in China which converts to between ₹3 lakh and ₹4 lakh, depending on the variant..Over 36,000 units of Hongguang MINI were sold in China in January, outpacing Tesla Model 3.
Should you invest in Bitcoins? Bill Gates says yes but only if you are Elon Musk - India TodayIndia Today
Microsoft CEO Bill Gates has said that Bitcoins are not for him because he has less money than Tesla CEO Elon Musk.
Robinhood might confidentially file for IPO in March: Report - MoneycontrolMoneycontrol
Robinhood was valued at $11.7 billion during a financing round in 2020, Bloomberg reported.
Justin Trudeau thanks India over fighting COVID, securing vaccine doses for Canadians - Republic TVRepublic World
Canadian PM Justin Trudeau appreciated the support and partnership provided by the Indian Government in fighting COVID-19 and helping secure vaccine doses
The Mutual Fund Show: What Should Debt Fund Investors Do As Yields Rise? - BloombergQuintBloombergQuint
Should debt fund investors be worried as yields rise?
Why are Fed assurance, talk of new stimulus failing to halt stocks rout - Economic TimesThe Times of India
Inflation can be looked at like a burning flame, as long as the flame is low, there is no harm but on a higher flame, there could be a risk of getting burnt.
Mukesh Ambani is again richest Asian as China’s Zhong loses $22 billion - Hindustan TimesHindustan Times
Ambani spent most of the past two years leading the ranking of Asia’s richest people, taking over from Alibaba Group Holding Ltd.’s Jack Ma.
Explained: The rising popularity of Blockchain Art - The Indian ExpressThe Indian Express
The total value of the crypto art market today has reached $80 million, with over 60,000 artworks sold till now.
Farmers' protest backlash hits Reliance Jio in Punjab, Haryana - India LegalIndia 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.
Anand Mahindra shares jugaad pic, tweets it ‘doesn’t deserve any applause’ - Hindustan TimesHindustan Times
Anand Mahindra took to his personal Twitter profile to share the post.
In Pics | All-new Mercedes-Benz C-Class interior, features and other images - Moneycontrol.comMoneycontrol
There’s no word on when the C-Class will arrive in India, but expect it sometime next year, given Mercedes-Benz India’s tendency to stay ahead of the curve at all times. This is a luxury-oriented sedan, but there will be the option of rear-wheel steering for …
Nasdaq finishes higher, tech stocks retrace some losses - Moneycontrol.comMoneycontrol
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.
Economy exits recession as GDP grows 0.4% in Q3; Govt cautions pandemic risk persists - The Indian ExpressThe 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.
Atmanirbhar Pharma Sector: Govt Clears 19 Applications With Committed Investment Of Rs 4,623 Crore Under PLI Scheme - SwarajyaSwarajya
The applications for the Target Segment IV of the PLI scheme are proposed to be taken up for approval on 28 February.
Rising fuel cost pushes India Inc to hike prices - Times of IndiaThe Times of India
India Business News: Rising fuel expenses are having a cascading effect on manufacturing costs across sectors, which is resulting in higher prices for the end consumer. On
Huawei wants to make electric cars later this year - GSMArena.com news - GSMArena.comGSMArena.com
Some models would launch before the end of 2021, surprisingly enough.
India's Largest Refiner To Invest $4.5 Billion To Boost Capacity - OilPrice.comOilPrice.com
Indian Oil Corporation IOC, the country's biggest refiner and fuel retailer, plans to invest US$4.46 billion 329.46 billion Indian rupees to expand the processing capacity of its Panipat refinery
Gold Price Forecast: Gold Breakdown Accelerates – XAU/USD Bulls Done? - DailyFXDailyFX
Gold plummeted more than 3.3% this week with price poised to mark the largest weekly decline this year. These are the levels that matter on the XAU/USD weekly chart.
Markets tank nearly 4% as US air strikes in Syria, high bond yields spook investors - MintLivemint
On Friday, the Nifty fell 568 points close at 14,529, while Sensex plunged 1939 points to end at 49,100.Analysts said that weak global cues led by rise in covid-19 infections in many parts of the world and rising inflation were among the key reasons for a sha…
Shell’s Indian arm set to begin retail sales of LNG - MintLivemint
Shell is exploring partnerships with other entities and holders of LNG capacity to expand its reach, an official said
Mukesh Ambani Is Richest Asian Again As China's Zhong Shanshan Loses $22 Billion - NDTVNDTV News
India's Mukesh Ambani is back to being the wealthiest person in Asia.
Renault Kiger deliveries to begin on 3 March, 2021 - CarWaleCarwale.com
Renault Kiger deliveries to begin on 3 March
Didn’t shift to disaster recovery site after evaluation: NSE on glitch - MintLivemint
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
RBI Calls Digital Currencies A Mixed Blessing - BloombergQuintBloombergQuint
Why RBI calls digital currencies a mixed blessing.
Micromax to bring in 5G phones at aggressive price points: Co-founder - Financial ExpressGoogle News
Tesla Model 3 Production Temporarily Halted Due To Supply Chain Issues - GaadiWaadi.comGaadiWaadi.com
The production of Tesla Model 3 at the Palo Alto, California facility is reportedly halted due to supply chain issues
SBI Mutual Fund launches its first international fund investing in US stocks - MintLivemint
According to a presentation from SBI MF, the underlying fund has delivered returns of 16.27% (CAGR) in euro terms, beating its benchmark S&P 500 Index return of 16.16% (as of 31st January 2021)
RailTel Corporation makes a stellar debut despite bloodbath on Dalal Street, climbs 29% to close at Rs 121 - Moneycontrol.comMoneycontrol
RailTel Corporation traded with volumes of more than 12.81 crore shares on the NSE and 1.59 crore shares on the BSE.
New Bajaj Pulsar 160 NS Spied Testing - Launch Likely In 2021 - RushLaneRushlane.com
New Bajaj Pulsar NS 160 has been spotted testing with revised bodywork and headlamp. It is likely to be launched this festive season.
Pfizer Covid Vaccine Reduces Transmission After One Dose: UK Study - NDTVNDTV News
A single dose of Pfizer and BioNtech's COVID-19 vaccine cuts the number of asymptomatic infections and could significantly reduce the risk of transmission of the virus, results of a UK study found on Friday.
Boarding flights from Mumbai Airport? Big terminal change alert at CSMIA airport - The Financial ExpressGoogle News
2021 BMW R nineT, R nineT Scrambler launched in India - HT AutoHindustan Times
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.
2021 Maruti Suzuki Swift Facelift All Changes & Prices Explained In Video - GaadiWaadi.comGaadiWaadi.com
2021 Maruti Suzuki Swift only gets subtle cosmetic updates but the biggest change deals with a new 1.2-litre DualJet petrol engine
Anand Mahindra Says This Mask Jugaad "Doesn't Deserve Any Applause" - NDTVNDTV News
Industrialist Anand Mahindra is known for digging up from the depths of the Internet examples of what he calls jugaad - which roughly translates to clever hack.
Why bond market is the biggest worry for equity investors - Economic TimesThe Times of India
Use dips to accumulate cyclicals rather than FMCG stocks, says Pratik Gupta.
Starlink Broadband Can be Reserved for $99 in India Right Away - TelecomTalkTelecomTALK
SpaceX owned satellite broadband company, Starlink will start providing services in India by next year
Is Wipro Responsible For Citi Bank’s Rs 6500 Crore Loss Due To A Blunder? Here’s The Truth! - Trak.inTrak.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
Sensex tanks 1,631 points to 49,407 in afternoon session; Nifty below 14,600 - Hindustan TimesHindustan Times
According to a Reuters poll, India's economy is likely to have returned to growth in the December quarter after contracting 7.5% in the July-September period.
Jet’s new owner Jalan to operate airline, build airport at Uzbekistan - MintLivemint
Jalan, whose net worth stood at $138 million ( ₹939 crore) as of 31 December 2019, plans to launch the airline in the June quarter in collaboration with the Uzbekistan government
Boeing 777 with engine trouble makes emergency landing - Khaleej Timeswknd.
A Boeing 777 aircraft operated by Rossiya Airlines made an emergency landing in Moscow due to engine trouble. The incident has taken place les...
Parmish Verma shares picture of his older Tata Safari - CarToq.comCarToq.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…
How To Update Mobile Number & Email ID With Your SBI Savings Account? - GoodreturnsGoodreturns.in
The largest lender in India, SBI has instructed its customers to link their current mobile number and email ID to their savings account.
Worried about the market crash? Heres how analysts interpret the fall - Business StandardBusiness Standard
Market News from one of the most comprehensive financial news networks in India, it provides daily insight of the stock market, industry news, business news, economy news, loans & credit card news.