Wednesday, March 31, 2021

Wipro to acquire Ampion for $117 million

Wipro to acquire Ampion for $117 million The acquisition of Ampion is an important step for Wipro in this direction, and strengthens the commitment towards clients and stakeholders in Australia and New Zealand (ANZ), Wipro said in a regulatory filing.

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Toyota Kirloskar sells 15,001 units in March, its highest dispatch during March in 8 years

Toyota Kirloskar sells 15,001 units in March, its highest dispatch during March in 8 years The automaker had sold 7,023 units in March 2020, amid a nationwide lockdown due to the COVID-19 pandemic.

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JSW Steel begins hot-rolled plates production at Dolvi Works plant

JSW Steel begins hot-rolled plates production at Dolvi Works plant The production at the said plant began from Wednesday, JSW Steel said in a BSE filing. "On March 31, 2021, JSW Steel has commenced production of hot-rolled plates from the new 5 MTPA hot strip mill facility at its Dolvi Works," it said.

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Here come hot desks and Zoom rooms. And holograms?

Here come hot desks and Zoom rooms. And holograms? Workplaces are being reimagined for activities benefiting from face-to-face interaction, including collaboration on projects and employee training, as a way to promote a company’s culture and identity.

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Elon Musk’s Starlink internet service faces #39;regulatory hurdles#39; in India: Report

Elon Musk’s Starlink internet service faces #39;regulatory hurdles#39; in India: Report The Broadband India Forum, an industry body, has called on TRAI to block Starlink#39;s beta services in India for not meeting regulatory requirements.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/elon-musk’s-starlink-internet-service-faces-39regulatory-hurdles39india-report_14978061.html

Coronavirus News Live Updates: India records 72,330 new cases, highest single day rise

Coronavirus News Live Updates: India records 72,330 new cases, highest single day rise Coronavirus News Live Updates: Today is the 373rd day since India implemented a nationwide lockdown to help curb the novel coronavirus pandemic.

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Time to go global in FY22: Experts recommend 15-20% allocation in US markets

Time to go global in FY22: Experts recommend 15-20% allocation in US markets A milestone-based approach, starting with 10% of the portfolio and raising it to 30-40% will not be a bad idea. It may not be a bad idea to begin with mega-cap exposure, they say.

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DAILY VOICE | FY22 is going to be a year of strong economic rebound in India, says Niraj Kumar of Future Generali India

Niraj Kumar India is on the cusp of a virtuous economic growth cycle, which will culminate into stronger momentum of earnings recovery and help markets perform reasonably well, says Kumar.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-fy22-is-going-to-beyearstrong-economic-reboundindia-says-niraj-kumarfuture-generali-india_14977081.html

Trade Spotlight: What should investors do with Intellect Design BirlaCorp?

Ruchit Jain Intellect Design gained over 6 percent with strong volumes, while Birla Corp rallied over 5 percent to hit a fresh 52-week high on March 31.

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RBI orders forensic audit of MobiKwik#39;s systems after alleged data leak

RBI orders forensic audit of MobiKwik#39;s systems after alleged data leak RBI has reportedly ordered an immediate forensic audit of the MobiKwik#39;s systems by a certified auditor.

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Lottery Sambad Result April 1: #39;Dear Bangabhumi Bhagirathi#39; winners to be announced at 4 pm today

Lottery Sambad Result April 1: #39;Dear Bangabhumi Bhagirathi#39; winners to be announced at 4 pm today Lottery Sambad Result: The first prize winner of the #39;Dear Bangabhumi Bhagirathi#39; lottery will take home Rs 50 lakh. The second prize is Rs 9,000, the third prize is Rs 500 and the fourth prize is Rs 250. The fifth prize is Rs 120 and there is also a consolation prize of Rs 1,000.

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Government withdraws small savings scheme rate cut

Government withdraws small savings scheme rate cut The finance minister added that orders issued by oversight shall be withdrawn.

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Kerala lottery Result: #39;Karunya Plus KN-362#39; lottery winners to be announced today at 3 pm

Kerala lottery Result: #39;Karunya Plus KN-362#39; lottery winners to be announced today at 3 pm Kerala Lottery Result: The first prize winner of the Kerala state lottery #39;Karunya Plus KN-362#39; will take home Rs 80 lakh. The second prize winner will get Rs 10 lakh and the third prize winner will get Rs 1 lakh. The winner of the consolation prize will get Rs 8,000.

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Coronavirus News Live Updates: Maharashtra govt slashes RT-PCR test rates

Coronavirus News Live Updates: Maharashtra govt slashes RT-PCR test rates Coronavirus News Live Updates: Today is the 373rd day since India implemented a nationwide lockdown to help curb the novel coronavirus pandemic.

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Maruti Suzuki partners Karnataka Bank for vehicle financing solutions

Maruti Suzuki partners Karnataka Bank for vehicle financing solutions The company said it has signed a Memorandum of Understanding (MoU) with the Mangaluru-headquartered private sector lender. Customers can avail the benefits across 858 branches of Karnataka Bank at metro, urban, semi-urban and rural locations.

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Aegon Life Insurance launches #39;Work from Anywhere#39; policy

Aegon Life Insurance launches #39;Work from Anywhere#39; policy This policy will allow these employees to work from anywhere in India.

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Chinese e-tailer Club Factory may invoke #39;force majeure#39; after ban in India: Report

Chinese e-tailer Club Factory may invoke #39;force majeure#39; after ban in India: Report Club Factory is of the view that the Indian government#39;s ban on a number of Chinese apps in June 2020 was beyond the company#39;s control.

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Need to get a credible bank as replacement for IDBI Bank: Ageas Federal Life CEO

Need to get a credible bank as replacement for IDBI Bank: Ageas Federal Life CEO Since IDBI Bank is now owned by LIC, it won’t be selling Ageas Federal insurance policies anymore. Ageas acquired an additional stake of 23% from IDBI Bank in Ageas Federal Life Insurance for around Rs 460 crore. Now, Ageas holds 49% in the insurer, and Federal Bank 26%.

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Banks to cancel auto-debit facility from April 1: Here are payments that will be impacted

Banks to cancel auto-debit facility from April 1: Here are payments that will be impacted Auto-initiated payments for mobile phone, broadband, DTH, electricity, water and other utilities bill will be cancelled starting April 1.

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SpiceJet ties up with Avenue Capital for sales lease-back of up to 50 new aircraft

SpiceJet ties up with Avenue Capital for sales lease-back of up to 50 new aircraft The memorandum of understanding, signed between the two partners, sets out the next steps and conditions upon which Avenue will assist with placing of SpiceJet#39;#39;s new aircraft portfolio including sale and lease-back of and also assumption of ownership of potentially up to 50 of these aircraft, the company said in a statement.

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Vistara to extend gate-to-gate luggage delivery service to Hyderabad, Bengaluru

Vistara to extend gate-to-gate luggage delivery service to Hyderabad, Bengaluru The airline started the pilot phase of this service in partnership with luggage transfer company CarterX on its Delhi-Mumbai flights from March 13, said its spokesperson in a statement.

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Coronavirus News Live Updates: Random COVID tests of travellers to begin at Delhi airport today

Coronavirus News Live Updates: Random COVID tests of travellers to begin at Delhi airport today Coronavirus News Live Updates: Today is the 372nd day since India implemented a nationwide lockdown to help curb the novel coronavirus pandemic.

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Tuesday, March 30, 2021

Archegos Capital: Will Indian market see another Lehman moment?

Archegos Capital: Will Indian market see another Lehman moment? Unlikely, say experts. For one, India is very conservative on the total margin exposure. Also, the world has learnt a lot from the Lehman Brothers crisis, and it is unlikely to happen all over again.

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Sterling and Wilson Solar US arm bags Rs 890 crore order

Sterling and Wilson Solar US arm bags Rs 890 crore order "Sterling and Wilson Solar Solutions, Inc (SWSS), the US subsidiary of Sterling and Wilson Solar Limited (SWSL), has signed an order worth USD 121.7 million (Rs 890 crore) in the pacific north-west region of the United States of America," a company statement said.

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Kalpataru Power Transmission bags new orders worth Rs 625 crore

Kalpataru Power Transmission bags new orders worth Rs 625 crore The company said it has won orders in power transmission and railways business.

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Volkswagen SUVs | Taigun, Tiguan, T-Roc, Tiguan Allspace: All you need to know

Volkswagen SUVs | Taigun, Tiguan, T-Roc, Tiguan Allspace: All you need to know Volkswagen is readying the introduction of four SUVs; one of which is the all-new Taigun. Here are all the details about these machines

from Moneycontrol Business News https://www.moneycontrol.com/news/business/volkswagen-suvs-|-taigun-tiguan-t-roc-tiguan-allspace-all-you-need-to-know_14975261.html

Why AU Small Finance Bank will continue to command a premium

Why AU Small Finance Bank will continue to command a premium Given the strong highway of growth ahead, any weakness due to volatility in the broad market is an opportunity to add AU for the long term

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Coronavirus News Live Updates: India records 53,480 new COVID-19 cases, 354 deaths

Coronavirus News Live Updates: India records 53,480 new COVID-19 cases, 354 deaths Coronavirus News Live Updates: Today is the 372nd day since India implemented a nationwide lockdown to help curb the novel coronavirus pandemic.

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Archegos Capital: Will the India market see another Lehman moment?

Archegos Capital: Will the India market see another Lehman moment? Unlikely, say experts. For one, India is very conservative on the total margin exposure. Also, the world has learnt a lot from the Lehman Brothers crisis, and it is unlikely to happen all over again.

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Foreign lenders demand personal guarantees from Shapoorji Pallonji after SC order: Report

Foreign lenders demand personal guarantees from Shapoorji Pallonji after SC order: Report Reportedly, the demand for guarantees was made after the Supreme Court order set aside the December 17, 2019, NCLAT order.

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Centre might extend Vivad se Vishwas scheme to settle Cairn Energy tax case: Report

Centre might extend Vivad se Vishwas scheme to settle Cairn Energy tax case: Report In December 2020, a Dutch tribunal had ruled that the Indian government should pay damages worth $1.2 billion to Cairn Energy.

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Grofers to cover COVID-19 vaccination cost for employees, families, contractual staff

Grofers to cover COVID-19 vaccination cost for employees, families, contractual staff Grofers will cover the vaccination cost for its employees, their family members (including, parents, spouse, and two children) and the company#39;#39;s contractual workforce, a statement said.

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Only global factors, not Indian economy, can drag Nifty below 13,000, says Raghvendra Nath of Ladderup Wealth Management

Raghvendra Nath The March quarter numbers are expected to be strong and there is a general expectation that the next two years should see strong earnings growth from Indian companies, says Nath.

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Trade Spotlight: What should investors do with Tata Steel, JSW Steel Blue Dart?

Mazhar Mohammad Tata Steel rose over 4 percent, JSW Steel and Blue Dart rallied more than 5 percent each on March 30 to hit a fresh 52-week high. Read expert recommendations on how to trade these stocks today.

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DAILY VOICE | China Plus One, manufacturing emerging as megatrends in India, says Tanushree Banerjee of Equitymaster

DAILY VOICE | China Plus One, manufacturing emerging as megatrends in India, says Tanushree Banerjee of Equitymaster Despite the possibility of better earnings in the next fiscal, a sharp and unexpected up move in US interest rates can suck liquidity out from Indian markets and cause valuations to crash, says Banerjee.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-china-plus-one-manufacturing-emerging-as-megatrendsindia-says-tanushree-banerjeeequitymaster_14974181.html

Close to 3 million people in India acquired digital skills during COVID-19: Microsoft

Close to 3 million people in India acquired digital skills during COVID-19: Microsoft Microsoft Corp is also extending its commitment to help 250,000 companies globally make a skills-based hire in 2021, a statement said.

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Coronavirus News Live Updates: Mumbai sees 4,758 COVID-19 cases; doubling rate now 50 days

Coronavirus News Live Updates: Mumbai sees 4,758 COVID-19 cases; doubling rate now 50 days Coronavirus News Live Updates: Today is the 372nd day since India implemented a nationwide lockdown to help curb the novel coronavirus pandemic.

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RBL Bank partners UK fintech to serve the banking needs of Indian SMEs

RBL Bank partners UK fintech to serve the banking needs of Indian SMEs Tide is a leading UK-based fintech which is set to launch in India as its first overseas market.

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India#39;s inflation #39;uncomfortably high#39;: Moody#39;s Analytics

India#39;s inflation #39;uncomfortably high#39;: Moody#39;s Analytics Higher fuel prices will keep upward pressure on retail inflation and keep the RBI from offering further rate cuts, said Moody#39;s Analytics, a financial intelligence company.

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BioNTech raises COVID vaccine output goal to 2.5 billion doses

BioNTech raises COVID vaccine output goal to 2.5 billion doses "The increase is driven by the optimisation of production processes, the recent initiation of production at BioNTech#39;s Marburg, Germany facility, regulatory approval for six dose vials, and the expansion of our manufacturing and supplier network," BioNTech said in a statement.

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One virus, one stuck ship spark global trade rethink

One virus, one stuck ship spark global trade rethink Against this backdrop, governments and businesses alike are bringing production back home where it may be more expensive but at least is more secure.

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Xiaomi announces smart EV business, to invest $10 billion over ten years

Xiaomi announces smart EV business, to invest $10 billion over ten years The company#39;s move into the EV industry follows similar steps by other tech giants, both in China and overseas.

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Auto companies set to hike prices of cars, bikes, for second time in four months

Auto companies set to hike prices of cars, bikes, for second time in four months Spiraling domestic steel and aluminum prices force manufacturers’ hands; the latest increase might not deflate the demand surge, say market watchers

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India#39;s 2021 economic output likely to remain below 2019 level: UN report

India#39;s 2021 economic output likely to remain below 2019 level: UN report India, according to the #39;Economic and Social Survey of Asia and the Pacific 2021: Towards post-COVID-19 resilient economies#39;, is estimated to record an economic growth of 7 percent in 2021-22, over a contraction of 7.7 percent witnessed in the previous fiscal on account of the pandemic#39;s impact on normal business activity.

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PayPal launches crypto checkout service

PayPal launches crypto checkout service Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said.

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BHEL secures Rs 400 crore order for sulphur recovery unit from IOCL

BHEL secures Rs 400 crore order for sulphur recovery unit from IOCL Under this package, valued at over Rs 400 Crore, BHEL envisages setting up a 525 TPD Sulphur Recovery Unit at IOCL’s Paradip Refinery in Odisha. The project is scheduled for completion in 25 months.

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Summer sales of appliances will offset COVID-19 impact on consumer durables sector: CARE Ratings

Summer sales of appliances will offset COVID-19 impact on consumer durables sector: CARE Ratings Consumer electronics and appliances industry had seen demand contraction in Q1FY21 due to the COVID-19 outbreak and subsequent lockdown restrictions

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Bulls can take control if Nifty goes past 14,900-15,000 in April series, says Gaurav Ratnaparkhi of Sharekhan by BNP Paribas

Gaurav Ratnaparkhi The short-term correction offers an opportunity to market participants to create fresh long positions in the small and midcap space before the next leg of the rally begins, says Ratnaparkhi.

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Explained: How SWADES Skill Cards are helping jobless Indian expats gain employment

Explained: How SWADES Skill Cards are helping jobless Indian expats gain employment It helps out-of-job Indian citizens returning home to connect with prospective employers. Close to 31,000 returnees have thus far registered under the scheme

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Plant-based meat company raises $335 million

Plant-based meat company raises $335 million Livekindly makes plant-based protein products, and its brands include Oumph!, The Fry Family Food Co., LikeMeat and No Meat.

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Stocks in news: L&T, Hero MotoCorp, Voltas, PB Fintech, LTIMindtree

Shares of L&T, Tata Power, Canara Bank, Hero Moto and BSE will be in focus today as the companies will announce their fourth quarter res...