Who will be Nepal's new PM? In Oli vs Prachanda, it's advantage India

Oli has announced that he will not resign and face Parliament. He has begun meeting allies in the Nepal Communist Party (NCP) to review the situation

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Top listed developers sitting pretty after record bookings in Dec quarter

Experts expect further market share gains; cash flows and collections likely to improve

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On an industrial upswing: Tamil Nadu's hunger to attract mega investment

The team was instrumental in getting up the New Industrial Policy 2021, unveiled last week, targeting investments of around Rs 10 trillion by 2025

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KYC norms hindering financial penetration

CKYC is failing to have the desired impact due to lack of clear directions from the regulators, and lack of connectivity between the stakeholders and the repository

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BJP left no stone unturned to ensure its sway over Gujarat civic bodies

Sources said Prime Minister Narendra Modi and Shah had "no direct role" in the corporation polls

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Covid vaccination: Hospitals await final word on price ahead of next phase

Self-registration for the 60-plus group opens on March 1; service charge at private hospitals may be capped at Rs 100 per jab

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Infra funds' performance will hinge on revival in private capex: Experts

After the March 2020 market crash, all the major economies, including India, launched large monetary and fiscal stimulus packages to counter the slowdown

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Seeking professional success: Harappa goes back to the drawing board

Harappa offers 25 courses at a price of Rs 899 per course for newcomers

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Draft norms for influencer advertising: What ASCI wants from social media

Broadly, the ASCI has proposed rules for social media influencers who promote or run paid content without adequate disclosures

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Tiger's cub

A biography of Uddhav Thackeray does not explain the new trajectory of the Shiv Sena under a brand of leadership quite different from his charismatic father's

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Brokers, wealth managers hate us and we are okay with that: Nikhil Kamath

Last year, he and his brother Nithin jettisoned into a club of the country's 100 wealthiest with their net worth pegged at around Rs 24,000 crore

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Mukesh Ambani is again richest Asian as China's Zhong loses $22 billion

With a net worth of about $80 billion, Ambani is again richer than Zhong Shanshan, whose bottled-water company tanked a record 20 per cent this week

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Vedanta Resources raises $1.2 bn ahead of open offer for Indian listed unit

Vedanta Resources on Friday said it has raised USD 1.2 billion in a bond offering that saw strong investor interest. The 8.95 per cent bonds due for March 2025 "will be guaranteed by the company and two wholly-owned indirect subsidiaries of the company, namely Twin Star Holding Ltd and Welter Trading Limited," it said in a statement. Vedanta said it will use the proceeds of the bonds for the acquisition of equity shares of the Indian subsidiary as well as servicing existing debt. The company is looking to buy as many as 37.17 crore or 10 per cent of its India unit, at Rs 160 per share. At that price, the total consideration of the deal would be about Rs 5,948 crore (USD 814 million). Vedanta Resources Finance II Plc, a subsidiary of London-based Vedanta Resources, had gone to the market for raising USD 1 billion. It got USD 2.6 billion in offers from about 150 accounts, representing the largest oversubscription on a recent US dollar bond offering by the company, banking sources ..

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India beats China at its own game in Covid-19 vaccine diplomacy

Competition among poorer nations to get cheap or free vaccines to fight the pandemic had given China a golden chance to strengthen ties in emerging markets it has been courting for years

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Bharat Biotech signs deal to send 20 mn Covaxin doses to Brazil

Shipments to be made during second and third quarters of current calendar

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Govt notifies 5-mn-user threshold for significant social media intermediary

Facebook and Twitter said they are studying the rules; Experts question compliance with PDP Bill

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Four entities show interest to set up leasing shops in GIFT city

Besides, SpiceJet plans to lease seaplanes from India; Hindustan Aeronautics will explore channelising lease agreement--being discussed with Alliance Air for two Dornier aircraft--through IFSC

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RBI extends deadline to apply for Umbrella entity on retail payments

34 consortiums working to file intent for NUE

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Poverty alleviation: Why India is not able do to what China has pulled off

What should concern India is not just its loss of economic momentum, but also the fact that it is not outpacing countries not even remotely like China in growth and development, writes T N Ninan

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Micromax to bring in 5G phones at aggressive price points: Co-founder

Micromax on Friday said it will significantly bolster its product portfolio this year

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Metals to crude oil: Consumers face the brunt of commodities price surge

Durables makers hike prices to offset input costs

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Adani Group likely to bid through MIAL in next round of privatisation

The group is reshuffling top management of Mumbai Airport after acquiring 74 per cent stake last year

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Despite Nirav Modi win, how India stands in catching economic offenders

In the last five years, India managed to bring only about 20 fugitive offenders including AgustaWestland deal middleman Christian Michel James

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Flex to Inventec, foreign players see potential in PLI for tech products

Lenovo India has said it would like to increase its laptop-making capacity by 10x at its Puducherry plant and also manufacture tablets

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Reconsider disallowing IGST for exports: Commerce department to FinMin

The move to disallow IGST for exporters is aimed to plug large-scale frauds in the GST system

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Cryptocurrency Bill may not be tabled in the current Parliament session

The Crypto Bill seeks to ban private cryptocurrencies and allow only the ones required to promote blockchain technology with ties to the Reserve Bank of India.

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Is India's economic recovery V-shaped? All eyes on GDP data today

The economy contracted at an unprecedented 23.9 per cent in the first quarter (Q1) of FY21 and 7.5 per cent in Q2

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Compare prices across term insurance plans to get best deal: Experts

Increase payment tenure, go for monthly premium to counter hike in term rates

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UN pulls up India on British businessman Christian Michel detention

It has also asked the Narendra Modi government to immediately release him and provide an enforceable right to compensation in acc­o­rdance with international law.

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Namaste Wahala, a new Netflix release, brings together India and Nigeria

Two of the world's biggest film industries, Bollywood and Nollywood have collaborated in the past as well

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Hospitals turn to pre-Covid biz as patients prefer home quarantine

The number of Covid beds dropped to 1,600 during the third quarter, and further dropped to 800 in January

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IL&FS crisis: For NBFCs, India's 'Lehman moment' has meant reset of future

India's 'Lehman moment' has meant that the high-teen growth phase for non-banker financers is over

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As coronavirus cases rise again, several state govts impose restrictions

Nearly 75 per cent of the cases currently are from Maharashtra and Kerala

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Make next 10 years 'the decade of India': Piyush Goyal to pharma firms

Coining a new acronym, Goyal said the world today needs CURE - Cost-effective Uni­ve­rsal solutions through Research and Enterprise

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Delhi govt to switch its fleet of cars for EVs within 6 months: Sisodia

The Delhi government on Thursday announced that it will switch its entire fleet of hired cars for electric vehicles within six months. The government, which has over 2,000 cars in its fleet, said it hopes its decision will inspire other cities in the country and the world to tackle the issues of pollution and climate change with the urgency they deserve. The announcement came a day after the Aam Aadmi Party-led government launched a campaign, 'Switch Delhi', to encourage private vehicle owners to take a pledge to shift to electric vehicles and install a charging point within their premises in the next three years. "It's history! Driven by the vision of CM @ArvindKejriwal to make Delhi the 'Electric Vehicle capital', Delhi govt today became the 1st in the world, not just India, to mandate its entire hired car fleet to switch to electric WITHIN a deadline- 6 mths. @SwitchDelhi begins at home," Deputy Chief Minister Manish Sisodia tweeted. "Over 2,000 cars will be impacted by this ...

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Centre cannot charge GST on power services: Rajasthan High Court

Power distribution services draw zero GST rate since they fall under the negative list of services released by the Union government in 2017

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States, UTs asked to extend Covid-19 vaccine drive to PMJAY hospitals

The Covid vaccination for those above 60 years and above 45 years with comorbidities will start from March 1

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Joblessness a bigger worry of urban Indians than Covid-19: Survey

Despite unemployment being their biggest worry, 68 per cent urban Indians are optimistic that the country is moving in the right direction

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How change spreads, or doesn't

Book review of Change: How to make big things happen

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Bharti Airtel raises $1.25 billion through various debt instruments

The company said the order book was oversubscribed 3x on final pricing, with the peak order book of $5 billion at the time for final price guidance

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Entrepreneurship and the pandemic

Though business for majority of entrepreneurs is yet to return to pre-Covid levels, has the country's indomitable entrepreneurial spirit gotten over the Covid bump?

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The skills India needs

Excessive centralisation of skilling programmes may hinder the ability of training institutions to effectively respond to Indian market requirements

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Yellen supports new allocation of IMF's SDR currency to help poor nations

Yellen said an SDR allocation and steps to boost low- and zero-interest lending by the World Bank and International Monetary Fund were needed to help contain the pandemic and mitigate its devastating

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N Chandrasekaran's challenges

Dragging the Tatas into the 21st century will take more time

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Trading disruption

Stock exchanges should be better prepared

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Hyundai's $900 million recall is a cautionary tale for all EV makers

There's too great a rush to get electric cars to the market. Development must be tempered by care for consumer safety and thought for the consequences to a company's bottom line

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OTT players apprehensive as Govt tightens rules on curated content

Legal experts say notifying rules for OTTs under IT Act may not be tenable; industry players seek clarity on oversight mechanism

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Bad bank may follow Swiss challenge method for price discovery of assets

Plan aimed at price discovery of assets; IBA working closely with FinMin, RBI

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Benefits of diversity: A coin-flip reveals better bitcoin alternatives

It is safer to build a diversified basket of cryptocurrencies

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Voda rejigs board, nominates Sood, Massidda as additional directors

The rejig comes ahead of Vi's planned fund raising to help the company upgrade its network and meet the debt obligations

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Nasa's Perseverance to UAE's Hope, why humans have eyes on harsh Mars

The timing is not a coincidence. It's driven by celestial mechanics. At their closest, the Earth (third planet from the Sun) and Mars (fourth planet) are "merely" 56-65 million km apart

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After United Nations vote, high hopes for Indian cannabis industry

Their optimism stems from the United Nations (UN) reclassifying cannabis as a less dangerous drug in December 2020

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India likely to harvest bumper wheat, mustard & chana crops in 2020-21

Foodgrain production is expected to rise 2% in 2020-21 season to record 303.34 mt, says govt

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Allow firms to invest in EL-rated infra projects: Govt to regulators

Regulators have now permitted investment in high-rated infra projects

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Severe container shortage pushing up exporters' cost of doing business

This is an unusual imbalance caused by the lag in the revival of domestic demand following the Covid-19 lockdown

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Big is beautiful in India?

Excessive focus on the biggest Indian companies could be counterproductive for employment generation

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Riding on the blue economy

India's marine resources remain under-utilised

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Strengthening recovery

Corporate sales must rise to maintain the momentum

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Healthcare startup Innovaccer's valuation crosses $1 bn, joins unicorn club

The new funding round brings the total capital raised by Innovaccer to over $225 million.

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Piramal Enterprises sets up AMC with assets worth Rs 11,000 crore

Piramal has roped in Kalpesh Kikani as Chief Executive Officer

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Japan's Suzuki Motor bets big on India for its record sales target

Intends to sell 3.7 mn units globally by 2025, with 67% contribution from Asia

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Patanjali refutes IMA's claims; releases research papers on Coronil

To support its argument, Patanjali has released a bunch of scientific papers on its research for a Covid-19 medicine that was published in popular peer-reviewed journals

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Railways hiked fares for short distances to deter non-essential travel

Hike covers less than 3% of total trains running; fares fixed in passenger trains at unreserved price of mail or express trains for the same distance

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Expert panel asks DRL to come back with more data on Sputnik safety

DRL applied for restricted emergency use of Sputnik V last week, has lined up 250 mn doses for Indians over next 12 months

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India Inc likely to offer average salary increment of 7.7% this year

E-com, venture capital-backed firms to give best raise at 10.1%: Aon survey

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Govt eyes Rs 6,200 crore in AGR dues from Airtel, Voda Idea by March 31

DoT says 10% of the outstanding on day of SC verdict last year has to be paid by Airtel, Vi

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CPPIB floats joint venture with Bengaluru's RMZ to tap office properties

Canada pension fund manager plans to infuse Rs 2,500 cr into the venture

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Automatic approval likely for China FDI proposals up to 25% equity

Sensitive sectors to remain under approval route

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Rabi crop prices likely to decide course of ongoing farm protest

With farmers taking to the streets and a bumper crop expected, it is unlikely that there will be any let up in wheat procurement in the 2021-22 marketing season

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Ventilator companies scramble for other ways to utilise capacities

Doctors are now shifting treatment protocol for Covid-19 at hospitals and invasive ventilation is not being preferred

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Price hike in term insurance plans may not impact demand: Experts

Despite the price rise, term plans are relatively cheaper in India than in the US or even Singapore, said experts

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Reducing pendency of complaints is priority: ICAI president Jambusaria

Govt has to balance between ease of doing biz and ensuring compliance, says Jambusaria

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With high interest rates likely, investors need to avoid long-term funds

Shorter-duration funds will benefit from being able to reinvest at regular intervals

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State OMCs spent Rs 1.96 trillion in excise duty in April-December FY21

Excise duty payment by OMCs rises 66% YoY, despite 30% decline in net sales

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Bharati Defence liquidator looks to sell company as going concern

The reserve price has been set at Rs 615 crore, according to Deloitte Touche Tohmatsu India

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WhatsApp hits top slot again; rivals Signal, Telegram and BiP fall back

It seems users were only being coquettish in looking for an alternative; they never actually dumped the app

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Explained: Why is a rise in bond yields a concern for everyone?

A rise in sovereign bond yields means a rise in the interest rate in the economy

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French auto maker Citroën's challenging debut in Indian SUV market

The success of the storied French car brand, which enters the crowded Indian SUV market next month, will depend on its agility and speed to market

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Fuelled by exports, leather units to turn the corner: CRISIL SME Tracker

Leather exports plummeted in the first quarter, following lockdowns and restrictions in importing nations.

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China becomes India's biggest trading partner in first 9 months of FY21

China imported goods worth $15.3 from India and exported goods worth $45.4 billion to India

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Fake history

Book review of The Hitler Conspiracies: The Third Reich and the Paranoid Imagination

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Tesla shares sink below the price at which it entered S&P 500 index

The stock dropped as much as 12% to $627.10 in New York on Tuesday

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Tata Consumer to replace Gail India in Nifty 50 effective March 31

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)

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Unfriending big tech

The drama playing out between news publishers, Google/Facebook and the Australian government hit all kinds of high points last week

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Oil's new challenge for tax reforms

With the Centre increasing reliance on tax revenue from oil, the inclusion of petrol and diesel under GST can be problematic

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The 'babu' question

Appointment of bureaucrats as PSU heads is illogical

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Message from market

RBI must be mindful of inflation risks of higher borrowing

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Blast at UPL plant kills two, Gujarat govt orders closure of unit

The company has been directed to pay ex-gratia to the next of kin of the deceased workers

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Cochin Shipyard bags Rs 10,000-crore Navy order for six missile vessels

The yard has delivered two of India's largest double hull Aframax tankers each of 95,000 DWT

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You have a week's time to reply: Maharashtra to GM's Union, management

The workers' union at the Talegaon factory and the GM's management have been locked in a bitter legal feud since GM announced its decision to shutter the plant in December 2020

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Beyond the pandemic: The crisis of revenues

Once the pandemic is over, the states need to garner more own revenues to spend more on meritorious heads such as education, health and infrastructure

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Sachin Tendulkar takes guard for new innings at edtech firm Unacademy

The investment will pave the way for Tendulkar to become a brand ambassador of Unacademy

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Covid-19 vaccination: With 15% doses wasted, states up their game

Some want an earlier roll-out for those over 50; others say CoWIN needs to shape up

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Centre likely to go Canada way to set up SPV for land monetisation

Over the years, PSUs have been unsuccessful in selling their land assets due to pending litigation and lease terms

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India business drives strong Q3 margin performance for Mahindra CIE

The management expects profitability to improve on the back of volumes, cost reduction

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A year later, counting the Covid-19 pandemic's toll on school education

Price paid by India's less advantaged students: Likely fall in girls' enrolment, migration from private to govt schools, a deep loss of learning

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India Inc figures out new salary structures to meet labour codes

The new definition under the Code of Wages, 2019, includes three components: Basic pay, dearness allowance and retention payment.

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Investors should use correction to build allocation to gold: Experts

12-15% allocation is a must to counter volatility in equities

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Investor charter may not have a monetary compensation mechanism

The first draft is expected to be submitted to the finance ministry by March 15

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Why deregulation of map-making is a big deal for the corporate sector

Indian satellites have been sending in useful coordinates for the map makers to use but the restrictions on ground have made the data mostly useless

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Can re-engineer Covaxin to beat South African variant: Bharat Biotech

Other vaccine makers, such as Hyderabad-based Biological E, too, have started working on different strains.

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Adapting to a warming world

Climate change requires agility in the institutions and policies that shape ecosystem use

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Shocked at Patanjali's 'blatant lie of WHO certification', says IMA

The launch was attended by Union Health Minister Harsh Vardhan and Transport Minister Nitin Gadkari.

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Import embargo on 101 defence items would encourage self-reliance: PM Modi

Modi underscored the opportunities the government has created for the private sector by bifurcating the capital procurement budget into separate domestic and foreign procurement routes

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Back to the future

Mixed outlook for India as US returns to multilateralism

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Time to move on

Govt should end its retrospective tax disputes

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Global indices rejig likely to push flows into domestic stock markets

The FTSE Global Equity Index Series introduced changes to its indices last week, which will become effective March 19

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F&O volumes likely to decline 30% on tighter peak margin regulation

Retail participation in the F&O segment - especially that for options writers on expiry days - has already been impacted owing to these norms, which became effective from December 1

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Sannareddy's share holdings in Megasoft reclassified under public category

Ravindra Sannareddy promoted Megasoft in 1999 and has been instrumental in the growth of the Company, to opt out of Promoter category.

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Want new factory to make car chips? That'll be $4 billion, please

It takes approximately $4 billion to set up a fab for the types of chips carmakers need

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Base metals stocks shine as supply crunch, EV push lift copper, zinc prices

Shares of firms in this space up 50-198% since November 2020; global demand for copper and aluminium outstrips supply, pushing spot prices higher than futures

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If it's an ad, disclose it upfront: ASCI guidelines for digital influencers

Feedback on the draft guidelines are invited till March 8, after which ASCI will issue the final guidelines by March 31

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Near term margins of Blue Dart Express to stay at elevated levels

Record Q3 performance helps sustain stock price which is up 148 per cent over the last six months

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As Covid-19 cases fall, so do sales of favipiravir and remdesivir drugs

While remdesivir is an injectable drug which is administered in hospital settings, antiviral drug favipiravir is given orally

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Tatas outdo Sensex under Chandrasekaran, but more dependent on TCS

Under Chandrasekaran, combined m-cap of group firms has doubled in 4 years

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Private power generating companies seek sops on electricity export

Citing strategic advantage over China, the gencos have asked the Centre to consider influence over neighbouring countries through energy exchange

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RBI scoops up Rs 26,000-crore bonds anonymously in a single day

This shows that contrary to what the bond market says, the RBI is pumping in enough liquidity in the system

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Land policy delay hurdle to Container Corporation sale, says panel

Railway ministry denies charge, says divestment planned for next year

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Godrej Properties to Sobha, realty firms line up launches in March quarter

Godrej Properties, part of Godrej Group, has lined up 12 launches in Mumbai, the National Capital Region, and Bengaluru

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State Bank of Sikkim under Reserve Bank of India's regulatory purview

The bank, established five years before Sikkim acceded to India in 1973, provides treasury operations for the state government

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OIL to up stake in Numaligarh Refinery via debt, internal accruals

Firm is eyeing the role of a vertically integrated oil company with stake hike

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Deregulation of geospatial data sector opens a new world for private sector

The domestic availability of locally relevant maps and geospatial data is expected to bring about improved management of resources

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Kolkata Port sails on asset monetisation, intends to expand portfolio

India's oldest port has been leasing its vast land bank for decades. With the Budget announcing plans to monetise public assets, it intends to expand its portfolio and extend to non-land assets, too

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Statsguru: Seven charts explain India's tryst with cryptocurrencies

Bitcoin, which commands more than $50,000 on any exchange today, was founded anonymously in 2009

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Never certified any traditional medicine as a cure for Covid-19: WHO

Patanjali MD Acharya Balkrishna said that Coronil has been granted a certificate of pharmaceutical product, licensed by DCGI

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India's smartphone market set to cross Rs 2-trillion mark in 2021: IDC

The market is expected to touch unprecedented levels, both in terms of volume and value.

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To be world leader, private sector must be key driver of growth: Sitharaman

Sitharaman underlined that the nation's growing and aspiring needs and demands across various sectors cannot be served just by state government and central governments put together

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Net payroll addition cruises after falling for two months, shows data

Net payroll addition rose to 12.5 trillion in December from 8.7 trillion in the previous month

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Without legislative backup, govt must not amend rules

The GST Council should prevail on the government to avoid such practices as they lead to unnecessary litigation

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Nabard plans to raise up to Rs 40,000 crore through long-term bonds

The money raised will be mostly used for rural development programmes run by the government

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The twists and turns of the farm laws

While most of these need-based measures were mooted by the Swaminathan Commission, these were incorporated into the country's first-ever National Policy for Farmers, brought out by the UPA in 2007

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Both kinds of currencies will evolve

Cryptos will develop frameworks for increased privacy, and checks could generate reduced intrusions into uses of conventional money

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Course correction

Underperformance of GST must be addressed

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All gatherings banned in Maharashtra from Monday due to Covid-19 spike: CM

Maharashtra Chief Minister Uddhav Thackeray on Sunday announced that in view of the rising COVID-19 cases, all political, religious and social gatherings will be prohibited in the state from Monday. In his televised address, he also said that political agitations will not be allowed for the next few days as they attract crowd. "The pandemic is raising its head in the state, but whether it is another wave will be known in eight to 15 days," he said. "Lockdown may not be the solution to COVID-19, but it is the only option to break the cycle of the virus," he added. The chief minister said that COVID-appropriate behaviour is a must and those violating the rules will be punished. According to him, fask mask is the only "shield" in the war against coronavirus. "Wear mask, maintain discipline and observe social distancing to avoid a lockdown," Thackeray said.

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A fresh threat

Complacency has left India vulnerable to second wave

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Learning to code in the mother tongue

If millions can learn to code in their own languages, they will be able to create livelihood options for themselves in the same way that affordable mobiles and data did

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Tech security reimagined: How password-less authentication works

Firms are adopting zero-trust and password-less authentication to combat the enhanced threat landscape in remote work

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We should be in for an extended period of bull market: Mahesh Patil

After the Budget, our call on cyclical recovery in the economy and a broader recovery in the market is further reinforced

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India leads EM pack in foreign flows, attracts close to $6 billion so far

The MSCI India's valuation premium to EM is now at 40 per cent, 3 per cent above the long-term average, according to BofA Securities

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Chris Wood sees further rise in bond yields, oil at $100 a barrel

The 10-year and 30-year US Treasury finished at 1.34 per cent and 2.13 per cent, respectively, last week

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Street signs: Markets may correct for now, Heranba's GMP at 25%, and more

The fall in gold prices may be a boon for the gold ETF category, which has seen inflows of over Rs 1,000 crore in the past two months

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How to revive PMC Bank

Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer

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Volume recovery, acquisitions key to Adani Ports and SEZ's growth

Reducing promoter pledge further can help drive stock gains

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Due diligence failure facilitated fraud

In a case of fraud, the National Commission found that a postal department had handed over a cheque meant for a couple to another person without an authorisation letter

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Panchayat polls a semi-final for Adityanath govt amid farm protests

The UP panchayat polls are perhaps the world's largest local body elections, which will comprise a nearly 120-million electorate, eligible to elect the members of nearly 59,000 panchayats in the state

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Loyalists rally behind Vasundhara Raje, demand she be made BJP's CM face

She's currently a national vice-president in the BJP and holds an office traditionally regarded as "ornamental", unlike the post of general secretary

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By removing Kiran Bedi, BJP strikes at the heart of Congress' campaign

Kiran Bedi's removal as Puducherry LG has denied Narayanasamy a key issue to counter anti-incumbency

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IDFC First Bank's promoter, Warburg may not participate in fundraising

Board clears Rs 3K-cr capital raise plan

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Enforcement Directorate intensifies Amazon probe, govt seeks info

This follows report claiming e-commerce giant dodged Indian regulations

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Motor insurance likely to remain muted amid Covid-19, say experts

Experts said this is the result of higher new vehicle sales on the back of strong retail demand during the festive season

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Bond market turns combative for RBI; experts say market turning greedy

Dealers say RBI is behaving unreasonably by expecting them to accept low yields; experts say market turning greedy

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Choose hospital cash benefit plan, cut your out-of-pocket spend

This is a supplement to and not a substitute for the regular hospitalisation cover

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Increased outlay may not cover NREGS dues as work demand grows unabated

This fiscal year also, of the amount allotted, around Rs 13,760 crore was spent on clearing the pending dues of the previous year

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Airtel DTH exit a blip in Warburg Pincus' blockbuster India story

The fund, which has invested over $5 billion in the country since 1995, has some of best exits in its PE investment

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Japanese brand Kikkoman plans to turn the Indian palate to soy sauce

World's largest soy sauce maker enters India through fully-owned subsidiary

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Govt's divestment plan for Shipping Corp is not going to be easy sailing

An asymmetric tax policy and the Navaratna's own fleet quality could make potential buyers wary

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Novavax, Serum Institute plans to supply 1.1 billion doses to COVAX

Novavax has signed a memorandum of understanding (MoU) in this regard with Gavi, the Vaccine Alliance.

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Zohnerism & the art of selective communication

Zohnerism is today driving our daily consumption of news and shaping our understanding of most issues

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Sounds of silence

Wasim Jaffer quit as coach of the Uttarakhand cricket team on Feb 9 after he was accused of being communal. Big guns of Indian cricket, with few exceptions, remained silent

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Covid-19 vaccination: Serum Institute to gain from G7's boost to COVAX

The immediate contribution will be $2 billion. More than 180 nations are yet to administer a single dose of the Covid vaccine

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India to test efficacy of Covid-19 vaccines against SA, Brazil strains

There are not enough number of cases with the South African and Brazilian strains in the country to check the efficacy

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Dr Reddy's applies for emergency use approval for Sputnik V vaccine

Aims to launch the vaccine in March if regulator approval comes through

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Two is not too many for Kharge

Mallikarjun Kharge was, recently, appointed as the leader of the opposition in both the Lok Sabha and the Rajya Sabha by Congress

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Shekhar Gupta: Two fronts, one challenge

India must break out of the strategic triangulation between China and Pakistan. Before that, it has to decide if it will allow domestic electoral interests limit its strategic options

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'Hitchiker's guide to democratic palsy'

Book review of Despite the State: Why India Lets Its People Down and How They Cope

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China admits four PLA soldiers were killed in Galwan Valley clash

An article in the PLA Daily reveals official Chinese casualty count for the first time

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Oiling the recovery

Private players struggle against excessive regulation. The result is loss of investment and employment opportunities in India

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Coronil has got Ayush Ministry certification as per WHO scheme: Patanjali

The firm said its Coronil tablet has received certification from the Ayush Ministry as a medicine supporting COVID-19 treatment as per the World Health Organization's certification scheme

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Dealing a blow: Green policy flip-flops spook foreign investment firms

Centre calls a meeting between states, PEs, funds

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Top gear makers may warm up to Centre's PLI scheme for telecom sector

Under the PLI scheme, companies will enjoy a 4-6 per cent incentive annually across five years on their production value in India, provided they make incremental investments

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GST Council may take up rationalising tax rates, slab merger in next meet

15th Finance Commission has suggested merging 12 and 18% tax rates

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Recover wagon maintenance fee from Adani Agri Logistics, Rlys told

The maintenance of these wagons will be done by Indian Railways on payment under an agreement to be executed with AALL

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WhatsApp to give option to review policy updates amid controversy

WhatsApp has clarified that the update only impacts the way users interact with WhatsApp business accounts.

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From Cognizant to HCL, India Inc opens up purse for employee retention

HCL had announced a one-time special bonus of $90 million earlier this month to employees around the world as it crossed the $10-billion revenue mark

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Watch out for MSME risk build-up amid Covid-19 pandemic, says report

The default rates in September 2020 remained stable at 12.1 per cent, a level also seen in September 2019

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PSUs are going big on bond markets even as G-Secs find few takers

RBI devolves over Rs 20,000 crore in Rs 31,000-crore bond auctions

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Rising demand, disrupted supply: Platinum breakout rally rides on shortage

Unlike yellow metal, 'white gold' tends to have a positive correlation with equities

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JLF 2021: Virtual Jaipur Literature Fest's author book gets fatter

On from February 19 to 28, it is expected to bring the most talked about books, literary themes and authors of 2020 directly to audiences across the world in the comfort of their living rooms

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A long jump for IIFCL as DFI tag to support financial needs, growth

Its planned incorporation into a larger development finance institution could present challenges for a company with a founding covenant that restricted its scale of operations

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PM Narendra Modi calls for regional air ambulance pact amid Covid-19

Special visa for doctors, platform of South Asia and two African nations among PM's suggestions at workshop on managing Covid

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Elon Musk should come clean; Tesla's carbon emissions are rising

A company that thrives on the power of the sun shouldn't hide the footprint of its own operations in shadow

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Indian IT sector likely to hit $350 billion by 2026, says McKinsey report

McKinsey also pointed that tech business models are reshaping worldwide and IT industry need to refocus

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PLI boost sends Dixon Technologies, Amber Enterprises stocks soaring

Shares of the two companies have rallied close to 600 per cent and 260 per cent from 2020, raising doubts over further gains

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Centre directs Punjab, Haryana to make online MSP payment from next season

Centre plans to monetize assets of Food Corporation of India and Central Warehousing Corp, says union minister Piyush Goyal

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India to be fastest-growing ad market in 2021: Pitch Madison Report

Rate of growth of the Indian advertising market in 2021 will be 26 per cent over the previous year, taking its total size to Rs 68,325 crore.

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Covid-19 pandemic, staff crunch deal blow to pending APA applications

APAs are aimed at providing certainty to taxpayers in respect of the transfer price of the cross-border transactions

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Finance Ministry asks RBI to ensure a higher dividend for govt in FY22

RBI advises against any change in inflation goalposts, monetary policy targets

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75 coal mines to go under the hammer in second round of auction

In order to keep the interest of new and small players intact, the coal ministry is offering only small- and medium-sized coal mines in the second round

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NBFC stress will ease from FY22 with recovery in the economy: Experts

The level of stress in the sector will be less intense as economic activity has been improving gradually

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Power-packed jury to pick winners of BS Corporate Excellence awards today

Aditya Birla Group Chairman Kumar Mangalam Birla is the chairman of the seven-member jury

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WWE throws its weight behind India, its biggest market globally

From a broadcasting standpoint, banking on the WWE makes great business sense because, unlike other sports, it is a year-long affair, with no breaks in between

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Covid-19 impact: Himachal Pradesh's thriving homestay industry hits hotels

Their fates are contrasting - hoteliers say they are struggling to get bookings, while homestay owners are witnessing record bookings and profits

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Factory reset: Surat's textile hub weaves a revival story amid Covid-19

Severely affected by the pandemic, the businesses have made a spectacular comeback

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States shying away from administering Bharat Bio's Covid-19 vaccine Covaxin

A month on, 21 states and UTs have not administered a single shot of the vaccine

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Month-on-month revenue since October better than FY20: L&T IDPL's Pathak

The good news is that since October 2020, revenues for FY2021 month-on-month are much better compared to FY2020, said CEO Pathak

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Lockdown disruption pushing consumers towards home purchase: Survey

The latest survey by property consultant Anarock and Confederation of Indian Industries shows people are now more willing to own a home than pre-Covid days

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Rating of audit companies may get more tangible to check frauds

The Centre for Audit Quality has already prepared an approach paper for the audit quality maturity model

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Govt may pare 1-2% SUUTI stake in Axis Bank to meet disinvestment targets

Proposed move may fetch Centre Rs 2,300 crore

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Remember to avail of tax benefit on health check-up under Section 80D

If your health insurance premium is low, this provision can help you enjoy a higher deduction

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Decoded: Understanding the draft guidelines on credit default swaps

In the past too, the RBI has tried to launch a comprehensive CDS product but it never really took off

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Auto part makers shift to top gear as industry's growth accelerates

After being stalled by the economic slowdown and the pandemic, growth is accelerating rapidly for the industry

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When we will buy grocery and watch movies with cryptocurrencies

Experts believe we are not too far from those days

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Luxury segment accounts for half of unsold houses: Lodha Developers

About 7 per cent was priced between Rs 3 crore and Rs 5 crore, 22 per cent priced between Rs 5 crore and Rs 8 crore, and 15 per cent above Rs 8 crore

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Sedition vs dissent

The law is increasingly being misused against critics

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Mapping India

Opening up access to geospatial data is a welcome step

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Army's financial powers enhanced to speed up weapons procurement

On November 8, 2018, the financial powers of the vice chiefs of the three services were enhanced five-fold for revenue procurement, with an enhanced ceiling of Rs 500 crore

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Nureca's Rs 100-crore IPO subscribed 40x; RailTel Corp 7x on Day Two

Interestingly, the bulk of the demand came from retail investors for Nureca

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Sensex extends losses amid global weakness; HDFC twins drag

Equity indices buckled under selling pressure for the second straight session on Wednesday as risk appetite remained subdued amid a bearish trend overseas

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Privatisation of CPSEs during recession time a horrible idea: Pronab Sen

CPSEs in a recession time is a "horrible idea" as legitimate requirement of the financial sector to meet current requirement is further eroded, former chief statistician Pronab Sen said on Thursday

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Cabinet nod to juvenile law changes to increase scrutiny of childcare homes

The Union Cabinet on Wednesday approved amendments to the juvenile justice law to increase the scrutiny of child care institutions

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RIL deal: Amazon urges NCLT not to allow Future Group shareholders meet

Amazon had last week filed the application before the Mumbai-bench of the NCLT

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India hosting meet on Covid-19 management; nine countries invited

The sources said India's health secretary will chair the event and each country has been invited to participate in one-plus-one format -- health secretary and head of technical team in charge of COVID

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Rush for NFOs amid buoyancy in markets to offset net redemptions

Over 12 offer documents filed in a single day last week

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Sparkling Q3: India Inc's net profit at new high amid lower operating costs

Gains largely from lower operating costs, higher product prices and a decline in banks' provisions

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Insurers remain divided over Covid-19's status as 'pre-existing condition'

Anything that increases the risk for insurers will call for either a repricing or refusal

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Bitcoin trade may attract I-T, GST; taxes to be paid in this fiscal year

The recent trigger being Tesla, Inc.'s announcement of having bought $1.5 billion in bitcoin.

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Q3 GDP projection: It's moderate growth or mild fall, say economists

The GDP numbers for the third quarter are expected to be released next week.

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Govt's PPA exit guidelines stuck amid tussle between generators and discoms

Once relinquished, generators and discoms can sell and buy power under other arrangements

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With WHO backing, SII to ship Astra Covid-19 vaccine to 70 countries

After audit of Pune plant, Serum may supply vaccines to UK as well

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Lodha Developers plans to file DRHP for Rs 2,700-crore IPO this week

Lodha Group considered a listing in 2009 and 2018, but shelved the plan due to unfavourable market conditions

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Factory reset: Okhla MSMEs limp back, garment units still ailing

Export logistics are troubling many industries. While some are facing container shortages, others are looking at increased freight costs in key markets

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Twitter begins testing voice message feature for DMs in India today

Feature to be rolled out in phases today; Brazil, Japan are the other test countries

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We need to understand our own ethnic genome better: Albright's Mehul Mehta

In an interview, Mehta tells Anjuli Bhargava that picking up mutations before a spike in numbers is crucial and genomics is the future of medicine

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Constitutional challenges to a complete cryptocurrency ban in India

The need then is to regulate, not ban, experts say

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Small loans, big stakes: Why MSMEs are banking on fintech lenders

Speed and flexibility to cater to a wider segment of small borrowers are tilting market in their favour

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Fiscal doves in India: right and wrong

The idea that fiscal prudence and welfare of the less well-off are mutually exclusive is misplaced

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Nielsen predicts strong comeback for Rs 4.3-trillion FMCG industry in 2021

The state of Maharashtra, Mumbai in particular, is seeing a surge in infections as normalcy returns.

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Vaccinating India brilliantly

The government has laid out the right protocol for the Covid vaccination drive. Now let the private sector get on with the job

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Pegatron, Tata Electronics, others ink Rs 28k-crore pacts with TN govt

The project is expected to create jobs for 18,250 people, officials said

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Start with smaller banks

Govt must have a clear road map for PSB privatisation

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A costly mistake

Govt should include pvt sector in vaccine roll-out

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Kiran Bedi removed as Puducherry Lieutenant Governor: Rashtrapati Bhavan

Kiran Bedi will "cease to hold" the office of the Lieutenant Governor of Puducherry, a Rashtrapati Bhavan spokesperson said Tuesday night. Telangana Governor Tamilisai Soundararajan has been given the additional charge of Puducherry. "The President has directed that Dr. Kiran Bedi shall cease to hold the office of the Lieutenant-Governor of Puducherry and has appointed Dr. Tamilisai Soundararajan, Governor of Telangana, to discharge the functions of the Lieutenant-Governor of Puducherry, in addition to her own duties, with effect from the date she assumes charge of her office, until regular arrangements for the office of Lieutenant-Governor of Puducherry are made," Ajay Kumar Singh, press secretary to the President, said in a statement.

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ED attaches over Rs 17-cr assets of Amnesty International India

The investigating agency said in a statement that a provisional order has been issued under the Prevention of Money Laundering Act

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Credit default swaps to be reported in 30 minutes with deal intent: RBI

The trade repository will be run by the Clearing Corporation of India Ltd

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IBM to invest $1 bn in its partner ecosystem as it pushes for hybrid cloud

Enters into strategic partnership with Tech Mahindra that will create $1 bn revenue opportunity over next 3 yrs

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A term policy is the preferred option for covering home loan liability

A home loan protection plan could pose problems if you wish to switch or foreclose your loan

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Budget 2021 sops likely to bring rupee trading from offshore to GIFT

Foreign banks at IFSC likely to focus on non-deliverable forward business, say experts

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Explained: Why Delhi's school reforms are not yet a runaway success

Dual control exercised by two divergent govts is one of the main reasons holding the effort back

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More Covid vaccine supplies lined up as India gets ready for Phase 3 drive

Bharat Bio may add 200 mn doses if needed; Serum to have 2.5 mn capacity by year-end

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Missing from shelves: Rolex steel watches as demand skyrockets

Long waiting and premiums for Submariner, Daytona, Explorer, GMT

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Goal is to deploy more capital in this market, says Pirojsha Godrej

It is challenging, but the team is doing very well and these launches are in different cities, said Godrej

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Factory reset: Production slumps in the powerloom hub of Bhiwandi

Hit hard by volatility in yarn prices, 50% of the looms said to be operating only 3-4 days a week

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Climate activist Disha Ravi's NGO faced heat from Centre last year too

Indian arm of Greta Thunberg's climate group, FFF's website was then shut, its emails blocked

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Covid-19 impact: Online sales bring cheer to FMCG majors' top line

Contribution to total sales stands at 8-9% for consumer goods behemoths

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TV makers jump on PLI bandwagon as more AC companies evince interest

Apart from offering inducement to any incremental production over the next five years, the scheme has the potential to transform the manufacturing landscape in the country

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Ruias'-promoted Essar to take solar route to build power portfolio

One of the first in its portfolio would be a 87.5 Mw project at Datia in Madhya Pradesh

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GoAir's chances of thriving may depend on the promoters taking a back seat

GoAir's failure to retain senior management has been ascribed to the classic weakness of Indian promoters

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Best of BS Opinion: Fragile democracy, IBC set to resume, and more

Here's a selection of Business Standard opinion pieces for the day

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Hiranandani to set up logistics and hyperscale data centre park in Bengal

Acquires 100 acres from Hindustan Motors, will invest Rs 8,500 cr directly into a project havinf Rs 10,000 cr outlay; rest to come from customer bookings

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Toolkit case: Lawyer, green activist move Bombay HC for transit bail

An advocate and an environmental activist on Monday moved the Bombay High Court seeking transit anticipatory bail after they were named as suspects in a case filed by the Delhi police

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Economic activity on verge of normalcy, GDP to grow 13.5% in FY22: Report

Economic activity is on the 'verge of normality' after getting severely hit by Covid-19, a Japanese brokerage said

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BS Banking Annual: Worst may be coming as recovery path remains uncertain

The FSR has warned that while easy money is intended to support growth, it can encourage leverage, inflate asset prices and endanger financial stability

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Banking Reset 2.0: Tectonic changes are underway in Indian banking

Towards the end of the calendar year, an Internal Working Group (IWG) of the RBI made a case for large corporate groups being permitted to spawn banks

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BS Technology Round Table: Covid-19 pandemic sends digital payments soaring

At the Business Standard Unlock BFSI 2.0, leading minds of the payments industry and fintech players discuss the opportunities and challenges thrown up by Covid

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BS SFB Round Table: Rural, urban India show little difference, say experts

At Business Standard Unlock BFSI 2.0, some of the best minds from the SFB sector discuss the consequences of the lockdown, the urban- rural divide, capital-raising plans, and the way forward for SFBs

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BS Banking Annual: Total assets to interest income, here're the key numbers

A snapshot of the key data on Indian banking

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BS CEO Round Table: Six bank chiefs discuss paradigm shift in banking space

Leading names of India's banking industry join Tamal Bandyopadhyay at Business Standard's Unlock BFSI 2.0 to discuss the issues plaguing the sector

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Factory reset: Bumps galore, but auto hubs breathe easy on sales spike

The first of a four-part series looks at signs of comeback after months of lockdown-linked pain in the automobile cluster

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A drive for risk-taking: Meet Marc Llistosella, new CEO & MD of Tata Motors

Tata Motors has so far remained focused on the domestic market and has been unable to expand itself beyond neighbouring countries

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From discounts to gift packs, retailers win hearts of shoppers on V-Day

V-Day this year is unlike previous years. It is the first shopping occasion after Republic Day (R-Day) last month

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EaseMyTrip IPO: Promoters look to offload 25% stake through share sale

Started in 2008 by brothers Nishant, Rikant, and Prashant Pitti, it will become the first online travel aggregator to be listed on Indian bourses

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From Prestige to Sobha, listed realty firms post best-ever quarterly sales

During the quarter, Prestige racked up sales of Rs 2,026 crore, up 80 per cent quarter-on-quarter and 55 per cent year-on-year

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From Britannia to Nestle, consumer companies turn laggards on Street

BSE FMCG index has gained just 2.4% since the Union Budget, compared to the 11.4% rally in the benchmark during the period

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InMobi's Glance eyes TikTok acquisition to become a global powerhouse

India would be a key focus area and acquisition of TikTok will bring in more users.

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IBC set to resume; relief for key worst-affected sectors on the cards

Top officials to meet this week to discuss the matter

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Experts unsure if new AAR for direct taxes will resolve disputes faster

Experts also believe that at least pendency of cases would come down, though only time will tell about quality of orders

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Higher EV share, FY22 auto rebound to support Motherson Sumi's revenues

Increased utilisation, improving margins and lower debt are profit triggers going ahead

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Statsguru: Six charts explain India's energy future amid Covid-19 pandemic

In a situation without Covid-19, India was envisioned to have a strong power demand in the coming decade

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Maruti Suzuki moves up the gears, plans to become an aspirational brand

To that end, it has worked hard on design tweaks and technological upgrades in its models, besides overhauling its retail network in a big way

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Fair winds ahead for private banks as risks of NPLs recede in a slowdown

YES Bank faces greater asset risks than its peers, although its capitalisation, liquidity and funding have improved

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Reimagining the DFI: The role has to be thought through creatively

It was clear even when the business blueprint of IDFC Ltd was being drawn up that a model based on a DFI which floated bonds (retail or wholesale) may not work

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Petrol price hits the Rs 99 a litre mark in Rajasthan, diesel at Rs 91

Petrol price crossed the Rs 99 a litre mark in Rajasthan on Sunday while diesel topped Rs 91 after rates were increased for the sixth day in a row. Petrol price was increased by 29 paise per litre and diesel by 32 paise, according to a price notification of state-owned fuel retailers. This pushed retail rates, which differ from state to state depending on incidence of local sales tax or VAT and freight charges, to their highest level. In the national capital, petrol climbed to Rs 88.73 a litre and diesel soared to Rs 79.06, the notification showed. Rajasthan, which levies the highest VAT on fuel in the country, had the highest petrol and diesel prices. In Sriganganagar town of the state, petrol soared to Rs 99.29 and diesel jumped to Rs 91.17 per litre. The Rajasthan government had late last month cut VAT on petrol and diesel by 2 per cent. Despite this, the state has the highest VAT at 36 per cent plus Rs 1,500 per kilolitre road cess on petrol. On diesel, the state levies 26 pe

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Singapore-based DBS Bank plans to trim India branches in 2-3 years

The combined deposits of its Indian operations stood at SGD 9 billion and net advances were at SGD 5.6 billion at the end of December 2020

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Govt may consider effect on industries before imposing duties

In her Budget speech, the finance minister said, "MSMEs and other user industries have been severely hit by a recent sharp rise in iron and steel prices

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PM Narendra Modi hands over 'Made-In-India' Arjun battle tank to Army

PM launches BPCL's Rs 6K-cr petrochem complex in Kerala

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Indiabulls Housing Finance plans to raise Rs 5,000 crore this quarter

Mortgage lender Indiabulls Housing Finance is looking to raise Rs 5,000 crore through the securitisation route in fourth quarter of the current financial year, according to a senior company official.

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Privatisation: But from which PM Modi?

Human memory is short. That alone can explain why many are deliriously happy with his latest slogans and ignore seven years of poor "doing business" climate, taxtortion, extortionate oil prices

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Immediately adopt FASTag now, won't extend deadline, says Nitin Gadkari

The FASTag registration has gone up to 90 per cent on some routes and only 10 per cent people are left.

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Betting on the public sector

History will judge this Budget based on whether the Centre's big bet on a public sector borrowing-driven growth revival works out

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Terms of disengagement

Pangong pullback leaves unanswered questions

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Unlocking public assets

Govt's plan to monetise assets has rewards and risks

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Too many questions on bad bank and infra DFI

Why do we need a bad bank, owned by the banks themselves, when there are at least 28 ARCs around?

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Ant Financials is a great role model: Flexiloans.com co-founder M Lunia

Our endeavour has been to serve deserving MSMEs that have hitherto been either unserved or underserved, said Lunia

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Cryptos should be seen as a public good

Elon Musk's $1.5 billion investment in bitcoin last week is testimony to the potential of the digital asset.

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As several Trinamool leaders join BJP, will it reflect on voting machine?

Ishita Ayan Dutt looks at the possible impact of several Trinamool leaders joining the BJP

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Toeing Tikait line: 'Not sure' if BKU stays away from UP politics in 2022

The BKU had its first successful siege of Delhi in 1988 over low cane prices and upward revision of electricity and water rates

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Only banks can provide retail push to G-Secs

Retail investors need banks to play the role of market maker, facilitate KYC, and turn G-Sec into an FD-like product from the government

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Markets to remain strong on bottom-up opportunities: Bernstein MD Garre

The equity markets will remain strong from the perspective of bottom-up opportunities, said MD Garre

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Domestic mutual funds trim holdings in Reliance Industries, Infosys

This was in a month when the benchmark Sensex retreated 3 per cent

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Churn in the Jat community: Farmers' stir may upset the BJP apple cart

With just a year to go for the UP elections, the wave of sympathy for the RLD could play spoiler for the BJP in western UP, which accounts for about a 4th of the Assembly constituencies in the state

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Internet shutdowns in India jump 27 times since 2012, shows data

Between 2012 and 2021, 468 incidents of internet shutdowns have taken place in the country

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India Inc's profit contribution to GDP likely to jump three times

The Centre's move in 2019 to cut base corporate tax from 30 per cent to 22 per cent, too, will lead to an improvement in the profit-to-GDP ratio

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Street signs: Railtel GMP at 30%, Bitcoin mirrors equity, and more

Railtel's Rs 820-crore IPO opens on Tuesday. The offering is entirely an offer for sale by the government.

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Street bullish on specialty chemicals industry amid robust domestic demand

Robust domestic demand, reducing dependence of global peers on China drive earnings outlook

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Covid-19 vaccination: Ready for round-3, but no decision on who'll pay

Public vaccination back-end technology in place, private sector role likely in procuring doses for staff

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Unlisted companies having listed subsidiaries face greater oversight

May be asked for regular financial results

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If you want higher returns, and are prepared for volatility, opt for NPS

But be ready for lock-in till the age of 60, volatility, mandatory annuitisation

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Major Port Authorities Bill to give a fillip to PSU ports, say experts

TAMP has been a multi-member statutory body with a mandate to fix tariffs levied by major port trusts under the control of the Centre and private terminals

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PFC, REC score over listed PSBs; report faster growth in advances

These two term lenders are more profitable and have reported faster growth in advances than listed PSBs

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Decoded: What are pro forma NPAs and how does that impact borrowers?

An analysis of results declared by listed banks so far shows that the NPA figures shown in the bank income statements are lower than the ones earmarked on pro forma basis

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The self-regulation toolkit: OCC operators struggle for a fine balance

Arguments over a voluntary code for self-regulation intensify even as the prospect of government intervention looms

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'Misinformed, misleading': Ministry of Defence hits back at Rahul Gandhi

The MoD's five-point statement was issued just hours after Congress leader Rahul Gandhi alleged that Prime Minister Narendra Modi had "ceded" Indian territory in Ladakh to the Chinese

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M&A deal activity in 2020 jumps 33% to $36.9 billion, says report

Cross-border deal volumes fell 19 per cent compared with the previous year but the deal values jumped two times over 2019 to $21 billion

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Portraits of the artist

A collection of interviews with the great Frida Kahlo captures the many facets of her spontaneous, luminous creativity

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International Bullion Exchange to come up this year: IFSCA chairman

Bourse will run on a delivery-based model for allocated and unallocated bullion, with underlying security backing the latter

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RBI to issue new 40-year benchmark bond on Thursday, raise Rs 7,000 crore

The 40-year bonds are the highest tenured bonds issued by the government

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Amazon integrates Pantry with Fresh in India; provide groceries in 2 hrs

The move would enable the e-commerce giant to simplify the grocery shopping experience for customers.

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Bright Q3 at paint firms drives earnings upgrades, crude price a concern

Improving urban demand, revival in construction activity paint a rosy picture, but high valuations and rising input costs are concerns

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The foreign hand, again

Conspiratorial thinking leads to tyranny. It means you imagine connections between disparate groups of dissenters, and thereby elevate in your mind their danger to the state

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Space nationalism

There is an ongoing space race between global powers, also driven by nationalism (and military necessities) despite multi-national collaborations

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The speech struggle

Freedom of Expression is an essential pillar of any equitable society

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Shekhar Gupta: Politics takes economic turn

New ideological battle lines have been drawn in Indian politics and they're on economic terrain. It is change for good

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Fizz is back: December quarter puts Pepsi, Coke on the recovery path

New launches of beverages expected ahead of summer

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Grasim Industries net profit rises 2 times to Rs 1,384 crore in Q3

All key businesses have outperformed pre-Covid operational levels

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Nalco posts net profit at Rs 240 crore; revenue up 14% to Rs 2,378 crore

Revenue grew by 14 per cent to Rs 2,378.79 crore against Rs 2,088.35 crore in the same period

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Trademark row to 'financial creditor' under IBC, here're key court orders

A selection of key court orders

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Industry's growth will be faster going forward: Milind Barve of HDFC MF

In a Q&A. the outgoing MD of one of India's largest and most profitable fund houses shares his key learnings and challenges over the past two decades

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Unacademy, Dream11 eye IPL 2021 title rights; Vivo may exit sponsorship

Vivo likely to exit sponsorship; Byju's ruled out

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Budget 2021-22 proposal on digital tax likely to land up in court

Foreign players in a fix as they will now come under levy's ambit

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Incentivising cane growers: Price stabilisation fund on Centre's agenda

Sources said the first meeting of a panel constituted to look into various issues pertaining to the sugar sector was held sometime back

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Resolution of semiconductor shortage may take months: Bosch India MD

In another two and a half to three years, Bosch will have 2,500 lesser associates, says MD Bhattacharya

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Covid-19 drugs among top-selling brands for pharma players in India

Data shows that cumulative sales of remdesivir was Rs 510 crore in January 2021, while for favipiravir it was Rs 471 crore

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BMW's latest sedan, 3 Series Gran Limousine, has a limo feel to it

Driving the 3 Series Gran Limo is not a markedly different experience from most other bimmers

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Pawan Ruia's Air India bid is another example of faith in his own abilities

The move, even by his standards, seems bold. Especially, when his companies - Jessop & Co, Dunlop - that earned him the moniker "turnaround tycoon", are facing liquidation

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Fighting the economic virus

Book review of Beyond Covid's Shadow - Mapping India's Economic Resurgence

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For whom the Covid bell tolls

It's John Donne's foreboding in reverse: No matter for whom the bell tolls, it tolls for you and me

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What explains the Budget's fiscal stance?

Although the budgetary exercise has made a virtue out of necessity, the change in fiscal stance could end up having a happy outcome

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Protecting India's wetlands

New body for this ecologically vital area is just the beginning

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India set to see a median increase in salaries of 7% in 2021: Survey

Pharma, tech and consumer products to see highest sectoral increases

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Defending the pvt sector

Govt must strengthen the overall regulatory framework

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Govt eyes different monetisation models to raise resources for investments

Unlike privatisation, monetisation of assets does not require transfer of ownership to private hands; instead, projects are vested with a trust or a private operator

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Facebook exploring audio-related chat products to rival Clubhouse

One possible product involves Messenger Rooms, the video chat feature Facebook introduced last year to compete with the service from Zoom Video Communications Inc

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ITC adjusted profit falls 3.7% to Rs 3,662 crore, declares interim dividend

Revenues from operations was up by 6 per cent to Rs 14,124.48 crore from Rs 13,307.54 crore in the year ago period

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Karur Vysya Bank Q3 profit up 133% at Rs 35 cr, net NPA down at 2.55%

Net interest margin stands at 3.29% and is almost flat as compared to 3.33% a year ago

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Kalrock-Jalan consortium confident of getting NCLT nod for Jet revival plan

The consortium wants to restart Jet Airways as a full service airline with bases in Mumbai, Delhi and Bengaluru

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Players like Udaan may disrupt $1 trn consumer retail market: Bernstein

Udaan's GMV has increased from about $0.6 billion ARR in December 2018 to around $2.1 billion ARR in December 2020, according to US-based research powerhouse Bernstein

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FM seeks Parliament nod for Rs 6.28 trillion of additional gross spending

Demand includes highest ever net cash outgo of Rs 4.12 trillion in the second supplementary demands for grants

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Demand revival to sustain healthy revenue growth for tyre makers

After a strong Q3, margins may come under pressure due to rising raw material costs

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IndiGo starts hiring, gives offer letters to 32 pilots for ATR-72 fleet

The pandemic hit few sectors harder than air travel, wiping out tens of thousands of jobs. IndiGo had slashed its workforce by 10 per cent last year in view of travel disruptions

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Pakistan Navy to conduct Exercise Aman, 45 countries will attend

The exercise will kick off with a 'harbour phase' from February 11-14, followed by a 'sea phase' on February 15-16.

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Looking for tax-saving options? Select ELSS with varied investment styles

This will ensure at least one of your funds performs in any market condition

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Unfair to say domestic steel industry is a cartel: Tata Steel's Narendran

The bigger steel players obviously have secured iron ore supply through auctions, says Tata Steel MD

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PLI scheme may trigger investments worth Rs 50,000 crore into pharma sector

According to the people, 86 companies have applied to start production of bulk drugs listed under the PLI scheme so far, said sources

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Godrej Properties plans to raise Rs 3,750 crore via QIP for land parcel buy

Looks to raise Rs 3,750 crore; board has cleared proposal for fundraise

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From Netflix to Amazon, OTT players finalise regulation rulebook

Code highlights two-stage grievance redress model

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There is a shortage of digital skills across sectors: Nasscom president

Nasscom president Debjani Ghosh tells Anjuli Bhargava how the non-profit is working to bridge the skills gap and elaborates on its latest initiative, the Future Skills Prime project, for the govt

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Explained: Why Tamilnad Mercantile Bank management is banking on an IPO

The management of this small, conservative bank views a public issue as a means of ending a long shareholder feud and unlocking value for its next phase of growth

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Teen angst in the digital age

Book review of Stoned Shamed Depressed: An Explosive Account of the Secret Lives of India's Teens

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New commanding heights

Though private sector now creates more jobs than public sector, the scale of operations of even the giants in Indian biz has not been big enough to alter employment dynamics the way China has managed

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A decent Budget but big challenges remain

Budget assures double-digit growth in FY22, but does little for unemployment, inflation, foreign trade and medium-term growth

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Regulation is key

Banning cryptocurrencies is a poor idea

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Increasing fiscal constraints

Govt must focus on mobilising more revenues

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Vodafone Idea's 4G network speed fastest in October-December: Ookla

According to Ookla, this makes Vi the only telco deli­vering fastest speed consist­ently over a six-month period on a pan-India basis

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4G spectrum auction: Reliance Jio makes the highest earnest deposit

Airtel is right behind Jio in terms of deposit money, followed by Vodafone Idea (Vi) with the least submission

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BPCL to buyout Oman Oil's 36.62% stake in Bina refinery for Rs 2,400 cr

Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it will buyout Oman Oil Company's shares in the Bina refinery project for about Rs 2,400 crore. BPCL holds a 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL), which built and operates a 7.8 million tonne oil refinery at Bina in Madhya Pradesh. In a stock exchange filing, BPCL said it has "finalised commercial terms in connection with the purchase of the 88.86 crore equity shares of Bharat Oman Refineries Limited (BORL), constituting 36.62 per cent of the equity share capital from OQ S.A.0.C. (formerly known as Oman Oil Company S.A.0.C.) for a consideration of approx Rs 2,399.26 crore". The transaction, it said, is subject to the execution of the relevant transaction documentation and other conditions agreed upon among the parties. "Upon completion, BPCL will hold 100 per cent of the equity share capital in BORL," it said. On Tuesday, BPCL Director (Finance) N Vijayagopal had said that discussion

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FPIs will have to furnish residency certificate to avail treaty tax benefit

At present, the withholding tax provisions do not allow Indian companies to apply lower treaty rates while deducting tax at source (TDS) on dividends paid to FPIs

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Nifty50 index earnings per share once again on a downward trajectory

The index closed with EPS of Rs 361, down from the recent high of around Rs 378

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China's space dream scores big win with the first mission to Mars

Tianwen-1 reached Mars' orbit, Chinese state media reported at 8:57 pm. Beijing time on Wednesday

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Sebi fines NSE and two former CEOs in co-location case, drops fraud charges

Exchange made to shell out Rs 1 cr, former heads told to cough up Rs 25 lakh each

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Royal Enfield to tap into all relevant markets globally over next decade

Its presence abroad currently is either through exclusive stores or multi-brand outlets; It now seeks to set up CKD units in priority markets in APAC and LatAm region

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Indian Americans divided on present trajectory of Indian democracy: Survey

The report says the Bharatiya Janata Party (BJP) is the most popular political party among Indian Americans

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Pre-pack scheme for insolvency banks on fair debtor-creditor ties

The journey of a pre-pack starts with an informal understanding, engages stakeholders, and ends with a judicial blessing of the outcome

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Govt to bring forward a Crypto Bill soon: Clear definitions, no grey areas

Operationalising the ban is being fleshed out by Centre

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Air India privatisation: Pawan Ruia takes a shot at aviation with EoI

Once known as a 'turnaround tycoon', Ruia was knocked off that pedestal after the firms he acquired went into liquidation

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There's no sustainable biz model for media worldwide: Axate's Dominic Young

Covid has proven the vulnerability of ad revenues. The problem with subscription is that it requires readers to make a commitment, says Young

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Small-ticket insurance cover is for beginners: Is it really worth it?

In the long run, you must migrate to standard life, accident, and health policies

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Explained: How India lost out on 5G network leadership opportunity

Over 140 operators in 63 countries already run commercial 5G services, according to the Global mobile Suppliers' Association

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Cipla plans to double share from consumer health business in 5 years

Transitioning brands from prescription and trade generics to over-the-counter

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Performance for survival: Rambo Circus' story of resilience amid Covid-19

Maharashtra's Rambo Circus not only survived Covid-19, the lockdown and a cyclone, but it also became one of India's first circuses to perform virtually

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From MX TakaTak to Roposo, TikTok's Indian clones play a tough catch-up

Local contenders have cashed in on the Chinese short video app's exit but acquiring the scale to sustain themselves will be a huge challenge going forward

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