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Elon Musk targets telecom for next disruption with Starlink internet
Bloomberg
PUBLISHED ON JAN 22, 2021 04:40 PM IST
SpaceX has told investors that Starlink is angling for a piece of a $1 trillion market made up of in-flight internet, maritime services, and demand in China and India.
Sensex tanks 746 points; Nifty ends below 14,375
PTI, Mumbai
PUBLISHED ON JAN 22, 2021 04:15 PM IST
Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Asian Paints, SBI, IndusInd Bank, ICICI Bank, Bajaj Finance, HDFC and Reliance.
Google parent-company shutting Loon, balloon-based alternative to cell towers
Reuters
PUBLISHED ON JAN 22, 2021 04:01 PM IST
Loon aimed to bring connectivity to areas of the world where building cell towers are too expensive or treacherous.
How traditional finance management methods by women continue to be relevant now
By HT Brand Studio
PUBLISHED ON JAN 22, 2021 02:40 PM IST
As the role of women in shaping the finances of the household continues to evolve, it is important to know that the traditional investment tactics employed by women has also catalysed the remodeling of women’s relationship with finance because those methods continue to be relevant even today.
Airbus slows production ramp-up, cites virus hit to demand
Bloomberg
PUBLISHED ON JAN 22, 2021 02:36 PM IST
Output of the A320, its best-selling model, will now rise gradually to 45 per month through the fourth quarter, Airbus said in a statement.
Invest in mutual funds but steer clear of ‘Herd Mentality’!
By HT Brand Studio
PUBLISHED ON JAN 22, 2021 02:30 PM IST
‘Herd mentality’ impacts not only the investors, who do not have the educational background or interest, but even many educated people who get impacted from the one-way wave.
Bajaj Finance can absorb a surge in provisions, says S&P Global Ratings
ANI, Singapore
PUBLISHED ON JAN 22, 2021 01:29 PM IST
BFL's performance in the third quarter of fiscal 2021 (ending March 31, 2021) was broadly in line with expectations.
Biocon Q3 net profit falls 19% to ₹186.6 cr
PTI, Mumbai
PUBLISHED ON JAN 22, 2021 12:19 PM IST
The company had posted a profit of ₹230.3 crore for the corresponding period of the previous fiscal.
Charting Sensex’ journey: How India’s benchmark index rose from 1,000 to 50,000
By Vineet Sachdev, Hindustan Times, New Delhi
UPDATED ON JAN 22, 2021 11:37 AM IST
- The Sensex has nearly doubled from its lows in March and has risen nearly 50 times in three decades — the benchmark was on 999 on January 1, 1991.
Rupee edges 4 paise lower to 73.03 against USD in early trade
PTI, Mumbai
PUBLISHED ON JAN 22, 2021 10:50 AM IST
The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.03 per cent to 90.10.
Sensex, Nifty inch lower; all eyes on Reliance ahead of results
Reuters
UPDATED ON JAN 22, 2021 09:44 AM IST
The blue-chip NSE Nifty 50 index fell 0.2% to 14,569 and the benchmark S&P BSE Sensex was down 0.2% at 49,528.03.
Intel probes potential early unauthorized access to earnings report
Bloomberg
PUBLISHED ON JAN 22, 2021 07:43 AM IST
The stock fell almost 5% in extended trading after the company’s new CEO committed to in-house manufacturing during a conference call with analysts.
‘Economic recovery seeing phoenix-like rise’
By Gopika Gopakumar, Livemint, Mumbai
PUBLISHED ON JAN 22, 2021 06:13 AM IST
The Indian economy shrank 23.9% in the first quarter and 7.5% in the second quarter on account of the Covid-19 pandemic. RBI expects the economy to contract by 7.5% in the current fiscal to March.
Sensex may breach 100k in 5 years as reforms take hold
By Nasrin Sultana, Livemint, Mumbai
PUBLISHED ON JAN 22, 2021 06:03 AM IST
Foreign institutional investors led the investments in Indian markets in 2010-20. During the decade, FII investments in Indian equities stood at $107.38 billion, with only four years of outflows
Bitcoin drops close to $30,000 mark as head-turning rally stalls
Bloomberg
PUBLISHED ON JAN 22, 2021 05:58 AM IST
Bitcoin has seen a stellar rally as prices more than doubled after passing $20,000 for the first time in December.
_1611273570700_1611273608707.JPG "Each of the four startups will get <span class='webrupee'>₹</span>5 lakh as marketing assistance over a period of one year to launch Minimum Viable Product in the market, an official release said.(Hemant Mishra/Mint Archive)")
UP govt gives ₹5 lakh marketing assistance to four startups under new policy
ANI, Lucknow
PUBLISHED ON JAN 22, 2021 05:35 AM IST
In a boost to 'Start In UP' programme under the new UP Startup Policy-2020, the Policy Implementation Unit (PIU) approved marketing assistance to four startups on Thursday.
BSE Sensex: From 1,000 to 50,000 in 30 years
By Vineet Sachdev
UPDATED ON JAN 22, 2021 04:05 AM IST
The Sensex has nearly doubled from its lows in March and has risen nearly 50 times in three decades — the benchmark was on 999 on January 1, 1991.
UK, EU in spat over diplomatic status of bloc's ambassador
AP, London
UPDATED ON JAN 21, 2021 11:22 PM IST
Joao Vale de Almeida is the 27-nation EU’s envoy to the U.K., which left the bloc last year. The EU says he should be given the same status as a national ambassador, like the rest of the bloc's 143 envoys around the world.
Twitter to restart giving blue ticks from January 22: All you need to know
Written by Poulomi Ghosh
PUBLISHED ON JAN 21, 2021 10:20 PM IST
In 2017, the micro-blogging platform stopped its verification programme saying it felt arbitrary and confusing to many people.
India within striking distance of attaining positive growth, says RBI
PTI, Mumbai
PUBLISHED ON JAN 21, 2021 08:25 PM IST
The economy contracted by a massive 23.9 per cent in the first quarter and 7.5 per cent in the second quarter on account of the Covid-19 pandemic.
Saudi Aramco excludes emissions data in disclosures to investors
Reuters
PUBLISHED ON JAN 21, 2021 05:43 PM IST
The world's biggest oil company's self-reported carbon footprint might nearly double, adding as much as 55 million metric tons of carbon dioxide equivalent to its annual tally, if those facilities are included, according to the report.
$200 bn extra savings, lockdown boosts household savings to 20-yr high: Report
PTI, Mumbai
PUBLISHED ON JAN 21, 2021 05:40 PM IST
Historically households have been funding a third of the capital formation of the rest of the economy.
Rupee gains 6 paise to close near 5-month high of 72.99 vs USD
PTI, Mumbai
PUBLISHED ON JAN 21, 2021 05:28 PM IST
It finally closed higher by 6 paise at 72.99 to the dollar, a level not seen since September 1, 2020.
Budget 2021: CII seeks customs duty exemption for defence imports in pvt sector
By Rahul Singh
PUBLISHED ON JAN 21, 2021 05:03 PM IST
The industry body said the taxes were affecting the private sector’s competitiveness across all projects, especially “large value, long-gestation period” programmes such as shipbuilding
Sensex breaches 50k-mark, ends lower on profit-booking
PTI, Mumbai
UPDATED ON JAN 21, 2021 04:24 PM IST
The broader NSE Nifty slipped 54.35 points or 0.37 per cent to close at 14,590.35.
India still hopes oil majors will join race for biggest sale
Bloomberg
PUBLISHED ON JAN 21, 2021 02:47 PM IST
The planned $6.5 billion sale of the government’s 53% stake in the refiner will be India’s first big-ticket transaction in over a decade.
India has been through worst of Covid-19, barring another wave, says RBI
Reuters
PUBLISHED ON JAN 21, 2021 02:26 PM IST
The RBI expects Asia's third-largest economy to contract by 7.5% in the current fiscal year to March, but analysts believe it is likely to escape recession and see modest growth in the current quarter.
From 26,000 to 50,000: Tracing Sensex's journey to record high in last 10 months
By hindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON JAN 21, 2021 02:13 PM IST
The comeback of Sensex began in April 2020, going through a bumpy ride on the back of government introduced stimulus measures.
Hopes fade for turnaround in Asia’s worst-performing currency of 2020
Bloomberg
PUBLISHED ON JAN 21, 2021 12:35 PM IST
India’s forex reserves consequently rose to a record $586 billion, catching up with Russia, which has the world’s fourth-largest stockpile.
Bitcoin falters for a second day, slides below technical level
Bloomberg
PUBLISHED ON JAN 21, 2021 12:19 PM IST
Bitcoin’s latest gyrations have seen it touch a record of almost $42,000 earlier this month before quickly dropping about 17%.