Business & Market News

Big bull Rakesh Jhunjhunwala said that he would not like to pay much money for companies who have ‘perceived’ large markets and good positioning in that market but no cash or very little cash flows. from The Financial Express https://ift.tt/3r1Y1wl https://ift.tt/eA8V8J FE Online

Clubhouse has created a major buzz among the iOS users in the last few months and has become one of the most popular apps. from The Financial Express https://ift.tt/3reWOBS https://ift.tt/eA8V8J FE Online

Warren Buffett said he made a mistake in buying Precision Castparts Corp, which makes equipment for the aerospace and energy sectors, in 2016. The company had to write down nearly $11 billion, which was mostly tied to that purchase, as the pandemic hit the aviation sector badly. from The Financial Express https://ift.tt/3pXrdn7 https://ift.tt/eA8V8J FE Online

PM Modi said that students will soon be appearing for their exams and suggested, “Remember, you've to be a warrior and not a worrier.” from The Financial Express https://ift.tt/2NOS0VB https://ift.tt/eA8V8J FE Online

Army exam for recruiting personnel for general duty cancelled pan-India after paper found leaked, PTI reported. from The Financial Express https://ift.tt/3r3cx7f https://ift.tt/eA8V8J FE Online

The two year old company had deferred the launch of the satellite about a week before the D-day by saying that it did not make sense to launch the satellite in a rushed manner and it had decided to postpone the launch by a few weeks. from The Financial Express https://ift.tt/3b1CvCl https://ift.tt/eA8V8J FE Online

India Pharmaceutical Industries can seek to make a Pharmaceutical hub (warehouse) in Guatemala or El Salvador. from The Financial Express https://ift.tt/3dU75ja https://ift.tt/eA8V8J

Looking at the increasing number of Coronavirus cases, the Central government is now focusing on an aggressive vaccination strategy and has given seven key pointers to eight states as well as the Union Territory of Jammu and Kashmir. from The Financial Express https://ift.tt/3qalaM9 https://ift.tt/eA8V8J FE Online

As per the advertised notification by the FCI, the total number of vacancies advertised by the FCI is 89. Out of the 89 vacancies, 43 vacancies will be filled by the candidates from the reserved categories. from The Financial Express https://ift.tt/3uDV47x https://ift.tt/eA8V8J FE Online

The Indian e-commerce sector is projected to touch USD 99 billion by 2024 according to IBEF from The Financial Express https://ift.tt/3pXaO21 https://ift.tt/eA8V8J

Since Monday, the price has been largely on a downward slope except for few spurts from $45,393 on Tuesday to $51,600 on Thursday and from $44,647 on Friday to $48,330 on Saturday. from The Financial Express https://ift.tt/3dRT59N https://ift.tt/eA8V8J FE Online

While the candidates who have qualified for the geology and hydrology posts will appear before the board members for their interview between April 5 and April 16, those who have qualified for Chemist have been scheduled between April 5 to April 8. from The Financial Express https://ift.tt/3uDJsRQ https://ift.tt/eA8V8J FE Online

He had shared his preference in the past, but recently spoke about the reason. from The Financial Express https://ift.tt/3bKrAw5 https://ift.tt/eA8V8J Bulbul Dhawan

Mann Ki Baat Live: Prime Minister Narendra Modi will soon be addressing this year’s second Mann Ki Baat on Sunday at 11 am. from The Financial Express https://ift.tt/3r6MFaw https://ift.tt/eA8V8J FE Online

The state government has warned that people violating the Covid-19 Standard Operating Procedure (SOP) at the Kumbh Mela will be prosecuted under relevant provisions. from The Financial Express https://ift.tt/3q4MHye https://ift.tt/eA8V8J FE Online

If you’re considering buying a piece of property in 2021, there are several aspects that you must know or consider before doing that. from The Financial Express https://ift.tt/3szwEKB https://ift.tt/eA8V8J

ASCI’s guidelines will come into effect by the end of March after consultations with industry stakeholders from The Financial Express https://ift.tt/3pX1afz https://ift.tt/eA8V8J Venkata Susmita Biswas

If the procedure for inducting private players for the vaccine drive is not worked out smoothly and speedily, a large number of vaccine dosages could end up being wasted. from The Financial Express https://ift.tt/37TKwaE https://ift.tt/eA8V8J Coomi Kapoor

It took almost nine months to design after Prime Minister Narendra Modi, during his interaction with officials in May last year on ways to boost the agriculture sector, underlined the importance of developing Brand India for which agri-clusters can be promoted. from The Financial Express https://ift.tt/3uE1rYx https://ift.tt/eA8V8J FE Bureau

The government has asked companies to disclose the first originator of what is deemed as mischievous messages by the government. from The Financial Express https://ift.tt/3b1WDV0 https://ift.tt/eA8V8J Rishi Raj

Bajaj Auto is already working through partners to enter the three or four ASEAN markets where the company is not present as these are strongholds for Japanese companies. from The Financial Express https://ift.tt/37Wnik2 https://ift.tt/eA8V8J FE Bureau

The FDA has approved J&J's Covid-19 vaccine for emergency use, giving the U.S. a third tool to fight the pandemic. from US Top News and Analysis https://ift.tt/3aXIR5R https://ift.tt/eA8V8J

President Biden told Congress that his orders for airstrikes in Syria were consistent with the U.S. right to self-defense. from US Top News and Analysis https://ift.tt/3r3vmHg https://ift.tt/eA8V8J

More than 30 lakh students would be appearing for these exams this year across Maharashtra. from The Financial Express https://ift.tt/3r0794x https://ift.tt/eA8V8J FE Online

Prime Minister Narendra Modi has dedicated to the nation, the 1000 MW lignite based Neyveli new thermal power station (NNTPS) at Neyveli and 709 MW solar power projects of NLC India, located at four districts of Tamil Nadu through video conferencing from Coimbatore. from The Financial Express https://ift.tt/3dQAWsJ https://ift.tt/eA8V8J FE Bureau

Underscoring the fact that the number of new cases of Coronavirus has considerably fallen in the majority of the states in the country, Bhalla wrote that there is still a need of maintaining caution and strict surveillance to go past the pandemic completely. from The Financial Express https://ift.tt/3r1C6Fw https://ift.tt/eA8V8J FE Online

All production studios are purely looking at chasing revenues and cutting costs as only doing one of the two won’t help them from The Financial Express https://ift.tt/2ZUWpbT https://ift.tt/eA8V8J

Sikkim municipal election 2021: This time, the elections are going to be different as candidates won't be able to contest poll on the symbol of political parties. from The Financial Express https://ift.tt/3swtEhV https://ift.tt/eA8V8J FE Online

The daily rise in coronavirus infections was registered above 16,000 for the third consecutive day on Saturday, pushing India's case tally to 1,10,79,979, while the recoveries surged to 1,07,63,451, according to the latest Union Health Ministry data. from The Financial Express https://ift.tt/2ZVMcw4 https://ift.tt/eA8V8J anamika sinha

With a number of online platforms and stock brokers offering digital gold today, purchasing gold online is just a few clicks away. from The Financial Express https://ift.tt/37SlTLs https://ift.tt/eA8V8J

Nestlé India (Nestlé) has been among the most consistent performers, clocking double-digit domestic sales growth in 12 of the past 13 quarters. from The Financial Express https://ift.tt/3b0oogw https://ift.tt/eA8V8J Edelweiss

S Jaishankar, Union minister for external affairs, on Friday rooted for nurturing a competitive domestic industry, building more capabilities at home and being strong. from The Financial Express https://ift.tt/3svBxEr https://ift.tt/eA8V8J FE Bureau

The Reserve Bank of India (RBI) has granted a further three-month extension of its banking licence to the Rupee Cooperative Bank (RCB), Pune, till May 31, 2021. from The Financial Express https://ift.tt/3ktPb8d https://ift.tt/eA8V8J FE Bureau

The Ministry of Power (MoP) has issued a notification on Late Payment Surcharge (LPS). from The Financial Express https://ift.tt/3bH7wuw https://ift.tt/eA8V8J Motilal Oswal

Although the western world is bearing the brunt of Covid-19 with cases rising and deaths piling up, the after effects of the pandemic will be borne by low- and low-middle income countries. from The Financial Express https://ift.tt/2ZULYFf https://ift.tt/eA8V8J The Financial Express

In 2017, MoHFW released a National Policy for Treatment of Rare Diseases, subsequently replaced by a draft release in January 2020, for treatment of approximately 450 ‘rare diseases’. from The Financial Express https://ift.tt/3dS82ZA https://ift.tt/eA8V8J

Johnson & Johnson board member Dr. Mark McClellan says the company expects 20 million Covid vaccine doses delivered by the end of March. from US Top News and Analysis https://ift.tt/3dRHGH6 https://ift.tt/eA8V8J

Services won’t recover till vaccine is fully rolled out and, within manufacturing, it is bigger firms that are doing well from The Financial Express https://ift.tt/3dQelN5 https://ift.tt/eA8V8J Shobhana Subramanian

The issue of whether the recipient of services can be penalised for non-compliance by the vendor remains open and unanswered from The Financial Express https://ift.tt/3r4eikw https://ift.tt/eA8V8J

"It should not be called a credit card, for sure, in part because it's sort of the anti-credit card," Affirm CEO Max Levchin told CNBC. from US Top News and Analysis https://ift.tt/2O5T6fv https://ift.tt/eA8V8J

A new $1.9 trillion Covid relief plan is making its way through Congress. The proposal includes $1,400 stimulus checks. Here's how Congress will fund the bill. from US Top News and Analysis https://ift.tt/2PhF8rq https://ift.tt/eA8V8J

"If we get any strength here at all, any strength, please brace yourself for another tsunami of selling as interest rates go higher and stocks go lower," the "Mad Money" host said. from US Top News and Analysis https://ift.tt/2Myt7Nk https://ift.tt/eA8V8J

"The demand for higher-performing specialty filtration solutions will dwarf the demand that we're seeing today for PPE," Lydall CEO Sara Greenstein said on CNBC. from US Top News and Analysis https://ift.tt/37RuVbo https://ift.tt/eA8V8J

Recovery aided by pent-up demand, govt, realty; data inadequate; no proof yet of sustained revival from The Financial Express https://ift.tt/2P7Dpom https://ift.tt/eA8V8J FE Bureau

Sources said that apart from the department of telecommunications, the company has also communicated these points to the Prime Minister's Office (PMO) recently. from The Financial Express https://ift.tt/3dL5so2 https://ift.tt/eA8V8J Kiran Rathee

The Prime Minister said the public sector needs to further entrench their presence in banking and insurance to support the poor, even though the government is stepping up efforts to promote the private sector as well. from The Financial Express https://ift.tt/3sAjPPZ https://ift.tt/eA8V8J FE Bureau

After three days of gains, Sensex and Nifty may plummet on the last trading session of the week. from The Financial Express https://ift.tt/2MrWKQn https://ift.tt/eA8V8J Kshitij Bhargava

Maruti (MSIL) eyes ~12.7% volume CAGR in passenger vehicles (PV) in Asia (excluding Japan) over CY20-25. from The Financial Express https://ift.tt/3bEiy3Q https://ift.tt/eA8V8J Motilal Oswal

Max-Axis transaction approved by IRDA; reinitiate with buy. IRDA has approved the much-awaited (12%) stake sale in Max Life to Axis Bank. from The Financial Express https://ift.tt/37OmZrC https://ift.tt/eA8V8J Kotak Institutional Equities

Share Market News Today | Sensex, Nifty, Share Prices LIVE: SGX Nifty was down 210 points during the early hours of trade, hinting at a negative start for domestic stocks. from The Financial Express https://ift.tt/3aSlpH9 https://ift.tt/eA8V8J FE Online

Michael O'Hanlon explains why President Joe Biden will not make Saudi Arabia “a pariah” due to the economic and military relationship at stake. from US Top News and Analysis https://ift.tt/3dKRNx5 https://ift.tt/eA8V8J

‘Walk-ins still account for one-fourth of hotel bookings’ from The Financial Express https://ift.tt/3sxNfhZ https://ift.tt/eA8V8J Devika Singh

It is expected to pave the way for incremental production of Rs 2.4 lakh crore, including exports of Rs 2 lakh crore over five years, apart from new investments exceeding Rs 3,000 crore from The Financial Express https://ift.tt/2ZR9Cm7 https://ift.tt/eA8V8J

Are Indian apps ready to stage a Koo? from The Financial Express https://ift.tt/3dHKiXU https://ift.tt/eA8V8J

The Book of Five Rings by Miyamoto Musashi is amongst his favourites books from The Financial Express https://ift.tt/3uALGld https://ift.tt/eA8V8J Sapna Nair

Facebook's head of hardware on Thursday confirmed a report that the company is considering facial recognition technology for its upcoming smart glasses devices. from US Top News and Analysis https://ift.tt/3aSwEiS https://ift.tt/eA8V8J

"The lines between traveling and living are starting to blur together," Airbnb CEO Brian Chesky told CNBC. from US Top News and Analysis https://ift.tt/2NHhF2f https://ift.tt/eA8V8J

"The real market opportunity is the 80 million people who buy a new car every year," Fisker CEO Henrik Fisker told CNBC. from US Top News and Analysis https://ift.tt/3pTj175 https://ift.tt/eA8V8J

The Nasdaq Composite suffered its worst day of trading since October as the tech sell-off continued. CNBC's Jim Cramer explained what's pressuring stocks. from US Top News and Analysis https://ift.tt/37QlhWD https://ift.tt/eA8V8J

The G7 should press vaccine manufacturers to share their knowledge with local producers and facilitate their legal and operational ability to do so from The Financial Express https://ift.tt/3qXVqDA https://ift.tt/eA8V8J Mohamed A El-Erian

If the FRP/SAP mechanism of sugarcane pricing can’t be done away with, govt must at least increase the MSP of sugar from The Financial Express https://ift.tt/3sthSow https://ift.tt/eA8V8J

Senate parliamentarian Elizabeth MacDonough's ruling on the minimum wage derails a Democratic priority in the $1.9 trillion relief bill. from US Top News and Analysis https://ift.tt/3urNFbg https://ift.tt/eA8V8J

As Twitter plans to double its user base and revenues by 2023, CFO Ned Segal said it seeks to tap a $150 billion addressable digital ad market. from US Top News and Analysis https://ift.tt/2Nxz7GJ https://ift.tt/eA8V8J

Nvidia CEO Jensen Huang told "Mad Money" host Jim Cramer that the company would "be huge no matter what." from US Top News and Analysis https://ift.tt/3bFPh8P https://ift.tt/eA8V8J

The NRI and FPI routes have to be urgently merged to increase the amount of NRI investments in India. These investments will be more sustainable, since NRI investors are long-term investors compared with other foreign investors from The Financial Express https://ift.tt/3uxopAl https://ift.tt/eA8V8J

How efforts play out in FY22 will set the tone for what becomes of the agenda from The Financial Express https://ift.tt/3su7gWs https://ift.tt/eA8V8J RC Acharya

DU considering a partial move towards a common entrance test should push other universities to adopt this, too from The Financial Express https://ift.tt/2ZTBWUN https://ift.tt/eA8V8J The Financial Express

The fees are part of an increased legal expenses of $27.5 million primarily related to regulatory/legal matters in connection to fraud claims by a short-seller. from US Top News and Analysis https://ift.tt/37JpueP https://ift.tt/eA8V8J

As the Reddit rebellion regains steam, four market analysts break down what could come next for names such as GameStop. from US Top News and Analysis https://ift.tt/2Nxvel7 https://ift.tt/eA8V8J

RIL in a recent presentation announced initiation of the formal process of carving out the O2C business into a wholly owned subsidiary. from The Financial Express https://ift.tt/3aRm2kn https://ift.tt/eA8V8J Motilal Oswal

The rate cycle bottomed out last year but without the central bank changing its accommodative stance. This is the new normal. from The Financial Express https://ift.tt/3sspMyK https://ift.tt/eA8V8J FE Bureau

Nifty futures were trading 242 points or 1.63 per cent higher at 15,048 on Singaporean Exchange, indicating a strong opening for BSE Sensex and Nifty 50 on Thursday from The Financial Express https://ift.tt/2Mrjy2G https://ift.tt/eA8V8J FE Online

The traditional advantages of self-regulation, when juxtaposed with government led regulation, are amplified in the context of fantasy sports from The Financial Express https://ift.tt/3qS0RUR https://ift.tt/eA8V8J

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were likely to open on a strong footing on Thursday, as suggested by trends on SGX Nifty from The Financial Express https://ift.tt/3aR9Bov https://ift.tt/eA8V8J FE Online

The older regime benefited just a handful. The new rules should spur a conversation on equitable and sustainable pricing frameworks from The Financial Express https://ift.tt/3bzzp7P https://ift.tt/eA8V8J

ViacomCBS is leaning hard into old favorites when it comes to padding its upcoming streaming service Paramount+. from US Top News and Analysis https://ift.tt/3uxOUGa https://ift.tt/eA8V8J

Orthopedic Surgeon Dr. Scott Boden explains the scope of Tiger Woods’ injuries and what his recovery could look like following the golfer’s devastating crash. from US Top News and Analysis https://ift.tt/3pYsKJG https://ift.tt/eA8V8J

"Mad Money" host Jim Cramer laid out a list of a dozen quality, high-dollar stocks that he said retail investors can hold to outperform Wall Street pros. from US Top News and Analysis https://ift.tt/3aSyMah https://ift.tt/eA8V8J

The country faces a disadvantageous demographic shift, even as its reputation has taken a beating on multiple fronts from The Financial Express https://ift.tt/2MpTyEQ https://ift.tt/eA8V8J Anil K Kanungo

Increased digitisation efforts in various areas, from inspection to compliance management to regulatory communication, could reap significant dividends from The Financial Express https://ift.tt/2NESoWD https://ift.tt/eA8V8J

Japan setting up a ministry of loneliness, following the UK example, brings much-needed focus to mental health from The Financial Express https://ift.tt/2P4yFQl https://ift.tt/eA8V8J The Financial Express

The head of the CDC warned on Wednesday that Covid variants "stand to reverse the progress that has been made to control this pandemic." from US Top News and Analysis https://ift.tt/37MRvSN https://ift.tt/eA8V8J

Australia's communications minister Paul Fletcher said the law will support a sustainable public interest news sector in Australia. from US Top News and Analysis https://ift.tt/3ut7r6n https://ift.tt/eA8V8J

Fundstrat Global Advisors' Tom Lee warns the growth trade is showing signs of a peak. from US Top News and Analysis https://ift.tt/3aOHiXI https://ift.tt/eA8V8J

"We'll have the balance sheet, ... we'll have the technology to be able to make a major impact once legalization happens," Aphria CEO Irwin Simon told CNBC. from US Top News and Analysis https://ift.tt/2P0HNFE https://ift.tt/eA8V8J

Karnataka should make free govt schools more attractive from The Financial Express https://ift.tt/3qWdtKG https://ift.tt/eA8V8J The Financial Express

The price of lower fuel taxes is losing revenue that funds welfare projects. The poor will lose from any move to cut fuel taxes from The Financial Express https://ift.tt/2ZNyHOO https://ift.tt/eA8V8J

A new report highlights the problem of communicable diseases, policy must take note from The Financial Express https://ift.tt/3st0osi https://ift.tt/eA8V8J The Financial Express

U.S. stock index futures were little changed in overnight trading on Wednesday. from US Top News and Analysis https://ift.tt/3dRpn4u https://ift.tt/eA8V8J

The Transportation Department's watchdog called for stronger FAA oversight after lapses ahead of the deadly Boeing 737 Max crashes. from US Top News and Analysis https://ift.tt/3sqBdH6 https://ift.tt/eA8V8J

These are the stocks posting the largest moves after the bell on Wednesday, Feb. 24. from US Top News and Analysis https://ift.tt/3aOakqz https://ift.tt/eA8V8J

Growing interest in freelance and independent work has only been compounded by pandemic remote work trends, Upwork CEO Hayden Brown said. from US Top News and Analysis https://ift.tt/3dFRB2h https://ift.tt/eA8V8J

By replicating the big city model, Vyasnagar has streamlined the solid waste management value chain through an innovative citizen engagement model using ICT-based technology to monitor the entire system. from The Financial Express https://ift.tt/3aNKqTJ https://ift.tt/eA8V8J

Hindalco management delineated the company’s capital allocation strategy. FCF guidance stands at $1bn-1.2bn post normal working capital and maintenance capex; cumulative FCF (pre growth-capex) is guided at $5bn-6bn over the next five years. from The Financial Express https://ift.tt/2OXwVbA https://ift.tt/eA8V8J ICICI Securities

Diversification into coal MDO and rail appears synergistic; significantly de-risking future sales mix; new Rs 810 TP DBL’s diversification into related sectors leads to semi-annuity type revenue stream over the next five years. from The Financial Express https://ift.tt/3ki2Ij6 https://ift.tt/eA8V8J Nomura

In a bid to improve exports of marine products, the state-run Marine Products Export Development Authority (MPEDA) has signed an MoU with the National Cooperative Development Corporation (NCDC). from The Financial Express https://ift.tt/3dHM3o6 https://ift.tt/eA8V8J FE Bureau

The Directorate General of GST Intelligence (DGGI) and the C-GST Commissionerates arrested 12 persons including a chartered accountant on Tuesday in connection with fake-invoices frauds. from The Financial Express https://ift.tt/3pJQuRD https://ift.tt/eA8V8J FE Bureau

Nifty futures were trading 71.50 points or 0.5 per cent up at 14,785.50 on Singaporean Exchange, suggesting a gap-up start for BSE Sensex and Nifty 50 on Wednesday from The Financial Express https://ift.tt/3pPY398 https://ift.tt/eA8V8J FE Online

Media & entertainment revenues are expected to script a strong 27% rebound to Rs 1.37 lakh crore in FY22 after contracting 26% this fiscal. from The Financial Express https://ift.tt/3pOojRs https://ift.tt/eA8V8J FE Bureau

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were likely to open in the positive territory on Wednesday. from The Financial Express https://ift.tt/37K8vcm https://ift.tt/eA8V8J FE Online

The company claims to have seen a rise in Dolby Laboratories enabled home and personal entertainment appliances from The Financial Express https://ift.tt/3pNwo98 https://ift.tt/eA8V8J Vainavi Mahendra

Bridging the broken trust amongst members of the WTO and updating the rules to meet the 21st century realities are the priorities of Ngozi Okonjo-Iweala. MC12 needs urgent attention, as does the moribund state of the Appellate Tribunal. While the new DG will try and set the WTO house in order, India can chip in and ensure that trade multilateralism which is close to India’s heart succeeds from The Financial Express https://ift.tt/3dFhQWw https://ift.tt/eA8V8J

Subsidies—and not free markets—incentivised hoarding and shortages. Inevitably, government officials hoarded themselves and asked for bribes, resulting in black marketing, rationing and violence. from The Financial Express https://ift.tt/3khwm8c https://ift.tt/eA8V8J

Evolving the customs regime into a future-proof, interactive and self-reliant one from The Financial Express https://ift.tt/3qO64wX https://ift.tt/eA8V8J

"Potential investors confuse that cash is going down," but "the strength of cash is just as strong as it was before" the pandemic, Brinks CEO Doug Pertz said. from US Top News and Analysis https://ift.tt/3bNGaDh https://ift.tt/eA8V8J

Connecticut Governor Lamont explains why his state must "do a better job" when it comes to delivering Covid vaccines to underserved communities. from US Top News and Analysis https://ift.tt/3aL7BxY https://ift.tt/eA8V8J

Business leaders, lawmakers, bureaucrats, judges—anybody who has a bearing on policy—should be tested periodically to determine fitness for their roles from The Financial Express https://ift.tt/2NxwtR7 https://ift.tt/eA8V8J Akhil Gupta

ASCI’s disclosure norms for influencer-promotions will help ‘followers’ tell a paid promotion from a genuine one from The Financial Express https://ift.tt/3unTkiC https://ift.tt/eA8V8J The Financial Express

Since the credibility of the media often depends upon it not buying the government line and in presenting the true facts to the reader, it is not clear how this conflict is to be negotiated. from The Financial Express https://ift.tt/3aNnhRy https://ift.tt/eA8V8J The Financial Express

RBI risks losing credibility if it tries to keep bond yields low while, to contain inflation, it will be tightening policy from The Financial Express https://ift.tt/3uls2JP https://ift.tt/eA8V8J The Financial Express

CNBC's Jim Cramer said investors have two choices to make on growth stocks after Federal Reserve Chair Jerome Powell reaffirmed his monetary policy plans. from US Top News and Analysis https://ift.tt/3uuj2lM https://ift.tt/eA8V8J

The idea is to boost the non-debt capital receipts, which are currently raised solely via disinvestment of government stakes in central public sector undertakings (CPSEs). In parallel, the government has also adopted a policy of aggressive privatization of CPSEs, as it seeks to make up for the low tax revenue buoyancy in the short term. from The Financial Express https://ift.tt/3aKZJfR https://ift.tt/eA8V8J Banikinkar Pattanayak

Futures were flat on Tuesday evening. from US Top News and Analysis https://ift.tt/3uq9wzL https://ift.tt/eA8V8J

"I think we've all gotten in habits of cleaning. We've got in the habit of the home being a bigger part of our life," P&G CEO David Taylor told CNBC. from US Top News and Analysis https://ift.tt/3uzwDZ5 https://ift.tt/eA8V8J

Research by Matthew Hornbach of Morgan Stanley shows rising Treasury yields will not have a long-lasting impact on the market. from US Top News and Analysis https://ift.tt/3ssbyxP https://ift.tt/eA8V8J

The path towards total privatisation does involve breaking ideological shibboleths that have been built since Independence. At the same time, is it necessary for the government to actually sell stake to get private ethics in PSUs? Can’t the same be done by simply changing the rules of governance? This may also be worth considering from The Financial Express https://ift.tt/37CVmSn https://ift.tt/eA8V8J Madan Sabnavis

The fiscal marksmanship is poor due to the ‘Grants from Centre’ component of their revenue budgets from The Financial Express https://ift.tt/3aHH6te https://ift.tt/eA8V8J

If RBI chooses to be visionary rather than insular and knee-jerk, it should consider bitcoins akin to a reserve and engage in buying about $5bn worth of bitcoins from The Financial Express https://ift.tt/2P4n1VR https://ift.tt/eA8V8J

Policing of people’s choices in the 21st century as in the present instance—with an underlying narrative that deepens divides—is purely communal. from The Financial Express https://ift.tt/3buCNAS https://ift.tt/eA8V8J The Financial Express

The master direction on digital payment security controls, released last week, casts a wide net. from The Financial Express https://ift.tt/3bugrj1 https://ift.tt/eA8V8J The Financial Express

More than two-thirds of the price of petrol is made up of these taxes, and it is slightly lower in the case of diesel from The Financial Express https://ift.tt/3aFZVNv https://ift.tt/eA8V8J The Financial Express

The breadth of the fall in the equities markets, post a huge liquidity-driven rally, suggests markets could be headed for some consolidation as the tailwinds from the Budget proposals and good corporate results in Q3FY21 recede. Nonetheless, foreign flows into equities are nudging a strong $4 billion in February so far on the back of net flows of $2 billion in January. from The Financial Express https://ift.tt/3pFyRlH https://ift.tt/eA8V8J FE Bureau

Apex court overturns Delhi HC decision, restores freeze on deal and legal advantage for Amazon from The Financial Express https://ift.tt/3qLTEFN https://ift.tt/eA8V8J FE Bureau

The heavy civil infrastructure business of L&T Construction secured a contract from two packages [P4(X) & P4(Y)] of the MAHSR with ISI of Japan, in January 2021, to procure, fabricate, assemble, paint and transport 28 bridges — steel truss superstructures with bearings-to various sites that will cross over roads/ rivers/railway lines and other structures. from The Financial Express https://ift.tt/2NUvQAL https://ift.tt/eA8V8J FE Bureau

The commissioning of the 30 km long third line between Kalaikunda and Jhargram will improve mobility in the Kharagpur-Adityapur section as well as ensure seamless movement of passenger and freight trains on the Howrah-Mumbai trunk route. from The Financial Express https://ift.tt/3aH4d7g https://ift.tt/eA8V8J FE Bureau

Under the “limited” agreement, India will have preferential access to the Mauritius market for 310 products, while Mauritius will get access for 615 products. New Delhi will also have access to about 115 sub-sectors across 11 broad services sectors, including software, financial services and telecommunications. The agreement also has provisions for the unrestricted movement of skilled professionals. from The Financial Express https://ift.tt/3dAf0Sz https://ift.tt/eA8V8J FE Bureau

“We are confident that with his vast experience and rich insights, JPL under his leadership will continue to scale new heights and contribute towards a self-reliant India,” JSPL chairman Naveen Jindal said. JPL runs coal-based thermal power plants with cumulative installed capacity of 3,400 MW in Tamnar, Chhattisgarh. from The Financial Express https://ift.tt/2NuGpuG https://ift.tt/eA8V8J FE Bureau

Talking to media after a meeting with Gadkari at the latter’s New Delhi residence, Reddy said 40% of the people of Telangana will be benefitted from the construction of the ring road which might take three years to complete following land acquisition. from The Financial Express https://ift.tt/3kdWiS1 https://ift.tt/eA8V8J FE Bureau

“PNB has initiated a sale process to offer its holding of 3,25,06,486 equity shares i.e. 10.01% of the paid-up equity share capital of ARCIL (“proposed transaction”). PNB Investment Services Limited is the advisor to PNB (referred to as “PNBISL”/ “advisor”) for the proposed transaction,” PNBISL said in the notice. from The Financial Express https://ift.tt/3aLdtrg https://ift.tt/eA8V8J Shritama Bose

This would help the miner rationalise its entire coal supply matrix by obtained information of a rake's turnaround time which down the line would enable the company push more coal via the rail mode. from The Financial Express https://ift.tt/3byCLYL https://ift.tt/eA8V8J FE Bureau

WeWork Co-founder Adam Neumann and SoftBank are nearing a settlement agreement. from US Top News and Analysis https://ift.tt/3umAjgz https://ift.tt/eA8V8J