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In this time exposure taken from Westgate Cocoa Beach Pier in Cocoa Beach, Fla., a SpaceX Falcon 9 rocket lifts off from Pad 40 at Cape Canaveral Air Force Station, Fla., Tuesday, Nov. 24, 2020. The rocket is carrying the 16th batch of Starlink communications satellites. (Malcolm Denemark/Florida Today via AP)(AP)

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.
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Similarly, the broader NSE Nifty tumbled 218.45 points or 1.5 per cent to 14,371.90.(PTI photo)
Similarly, the broader NSE Nifty tumbled 218.45 points or 1.5 per cent to 14,371.90.(PTI photo)

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.
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A Google Project Loon internet balloon is seen at the Google I/O 2016 developers conference in Mountain View, California May 19, 2016.(REUTERS)
A Google Project Loon internet balloon is seen at the Google I/O 2016 developers conference in Mountain View, California May 19, 2016.(REUTERS)

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.
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The fairer sex is playing a more active role with respect to investment decisions even though that juncture where women do not have to walk that extra mile for being taken seriously in money matters is eons away.
The fairer sex is playing a more active role with respect to investment decisions even though that juncture where women do not have to walk that extra mile for being taken seriously in money matters is eons away.

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.
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Airbus slows production ramp-up, cites virus hit to demand (Reuters file photo)
Airbus slows production ramp-up, cites virus hit to demand (Reuters file photo)

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.
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One should focus on asset allocation to suit one’s situation and stick to it during good and bad times, and this is the right way to manage this bias
One should focus on asset allocation to suit one’s situation and stick to it during good and bad times, and this is the right way to manage this bias

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.
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Bajaj Finance Fixed Deposit is one such high-rated deposit that offers a great balance of high safety and attractive returns.
Bajaj Finance Fixed Deposit is one such high-rated deposit that offers a great balance of high safety and attractive returns.

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.
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The company's revenue from operations rose to <span class='webrupee'>₹</span>1,851 crore for the quarter under consideration, up 7.81 per cent, as against <span class='webrupee'>₹</span>1,716.8 crore during the same period a year ago(Biocon/Twitter)
The company's revenue from operations rose to 1,851 crore for the quarter under consideration, up 7.81 per cent, as against 1,716.8 crore during the same period a year ago(Biocon/Twitter)

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.
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Celebrations at BSE after the sensex crossed 50000 mark for the first time, in Mumbai.(PTI Photo)
Celebrations at BSE after the sensex crossed 50000 mark for the first time, in Mumbai.(PTI Photo)

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.
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On Thursday, the rupee had settled at 72.99 against the American currency.(REUTERS)
On Thursday, the rupee had settled at 72.99 against the American currency.(REUTERS)

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.
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On the Sensex chart, barring HDFC and Asian Paints, all constituents were trading in the green.(PTI)
On the Sensex chart, barring HDFC and Asian Paints, all constituents were trading in the green.(PTI)

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.
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Intel headquarters in Santa Clara, California, US(Bloomberg)
Intel headquarters in Santa Clara, California, US(Bloomberg)

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.
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The central bank cut policy rates by 115 basis points last year to support the recovery but it has left rates unchanged in recent months due to rising inflation.(Mint file photo)
The central bank cut policy rates by 115 basis points last year to support the recovery but it has left rates unchanged in recent months due to rising inflation.(Mint file photo)

‘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.
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Indian corporate earnings have been muted in the decade gone by.(MINT_PRINT)
Indian corporate earnings have been muted in the decade gone by.(MINT_PRINT)

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
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FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration//File Photo(REUTERS)
FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration//File Photo(REUTERS)

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.
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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)
Each of the four startups will get 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.
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The Sensex lost around 40% from its peak in mid-January 2020 till March 2020.(PTI photo)
The Sensex lost around 40% from its peak in mid-January 2020 till March 2020.(PTI photo)

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.
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British Prime Minister Boris Johnson’s spokesman, Jamie Davies, said the Foreign Office was in talks with the EU about “the long-term arrangements for the EU delegation in the U.K.”(REUTERS)
British Prime Minister Boris Johnson’s spokesman, Jamie Davies, said the Foreign Office was in talks with the EU about “the long-term arrangements for the EU delegation in the U.K.”(REUTERS)

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.
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A Twitter logo is seen outside the company headquarters in San Francisco, California, US. (Reuters Photo)(REUTERS)
A Twitter logo is seen outside the company headquarters in San Francisco, California, US. (Reuters Photo)(REUTERS)

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.
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The RBI, however, said the views expressed in this article are those of the authors and do not necessarily represent the views of the central bank.(Mint file photo)
The RBI, however, said the views expressed in this article are those of the authors and do not necessarily represent the views of the central bank.(Mint file photo)

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.
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Saudi shipments to China in 2020 were rose 1.9% from a year earlier to 84.92 million tonnes. In picture - Saudi Aramco's Ras Tanura oil refinery and oil terminal.(Reuters)
Saudi shipments to China in 2020 were rose 1.9% from a year earlier to 84.92 million tonnes. In picture - Saudi Aramco's Ras Tanura oil refinery and oil terminal.(Reuters)

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.
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Bank deposits and insurance/pensions form 14 per cent each of the total household savings. (Sonu Mehta/HT file photo)
Bank deposits and insurance/pensions form 14 per cent each of the total household savings. (Sonu Mehta/HT file photo)

$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.
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On Thursday, the rupee spurted 24 paise to end at a nearly four-month high of 73.07 against the US dollar.(REUTERS)
On Thursday, the rupee spurted 24 paise to end at a nearly four-month high of 73.07 against the US dollar.(REUTERS)

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.
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Representational image. (Getty Images/iStockphoto)
Representational image. (Getty Images/iStockphoto)

Budget 2021: CII seeks customs duty exemption for defence imports in pvt sector

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
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Titan was the top loser in the Sensex pack, shedding around 2 per cent, followed by Nestle India, HUL, HCL Tech, Infosys, ITC and Kotak Bank.(PTI)
Titan was the top loser in the Sensex pack, shedding around 2 per cent, followed by Nestle India, HUL, HCL Tech, Infosys, ITC and Kotak Bank.(PTI)

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.
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Bharat Petroleum Corp. Ltd is India’s second-largest fuel retailer with a 25.77% market share.ramesh pathania/mint(MINT_PRINT)
Bharat Petroleum Corp. Ltd is India’s second-largest fuel retailer with a 25.77% market share.ramesh pathania/mint(MINT_PRINT)

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.
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The RBI slashed interest rates early last year to cushion the shock from the coronavirus crisis, but has left rates unchanged in recent months, cautious of rising inflation.(MINT_PRINT)
The RBI slashed interest rates early last year to cushion the shock from the coronavirus crisis, but has left rates unchanged in recent months, cautious of rising inflation.(MINT_PRINT)

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.
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The coronavirus crisis had directed the benchmark to hit record lows in the late March of 2020.(PTI)
The coronavirus crisis had directed the benchmark to hit record lows in the late March of 2020.(PTI)

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.
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The rupee appreciated by 4 paise to 73.51 against the US dollar in opening trade on Monday as sustained foreign fund inflows and strong domestic equities strengthened investor sentiment.(PTI)
The rupee appreciated by 4 paise to 73.51 against the US dollar in opening trade on Monday as sustained foreign fund inflows and strong domestic equities strengthened investor sentiment.(PTI)

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.
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Bitcoin is struggling to maintain its momentum from the end of 2020.(File photo)
Bitcoin is struggling to maintain its momentum from the end of 2020.(File photo)

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%.
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