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Sunday, February 28, 2021

Godrej Properties buys land worth Rs 166 cr for residential proj in Mumbai

Realty firm Godrej Properties Ltd has bought around 1.5 acre land parcels for Rs 166 crore in Mumbai to develop a residential project

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Godrej Properties emerges as highest bidder for two plots in Navi Mumbai

Spread over nearly 1.5 acres, this project will offer approximately 400,000 square feet of development potential

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Stocks to watch: Affle India, BEML, RIL, auto stocks, RailTel, IOC, Vedanta

Vedanta Resources has raised $1.2 billion in a bond offering that saw strong investor interest

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China appears to warn India: Push too hard and the lights could go out

As border skirmishing increased last year, malware began to flow into the Indian electric grid, a new study shows, and a blackout hit Mumbai. It now looks like a warning

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LIVE: UP farmers to send messages to PM every day from today over farm laws

Uttar Pradesh Kisan Mazdoor Morcha will launch a village-level agitation across the state from today seeking withdrawal of the Centre's three farm laws. Stay tuned for Latest LIVE news

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Nifty outlook and stock picks by Sameet Chavan: Buy NTPC, Sell ICICI Bank

The PSU stocks are on a roll since the last couple of months and the way they are shaped up, they appear to perform well throughout this year

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MARKET LIVE: Indices open firm; Sensex surges 600 pts, Nifty tops 14,700

LIVE market updates: On the economic front, Markit Manufacturing PMI data is scheduled to be out today, while the auto sales figures would start trickling in from today as well

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MARKET LIVE: Indices open firm; Sensex surges 600 pts, Nifty tops 14,700

LIVE market updates: On the economic front, Markit Manufacturing PMI data is scheduled to be out today, while the auto sales figures would start trickling in from today as well

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How bacteria defeat drugs that fight cystic fibrosis

Researchers and their partners have discovered a slimy strategy used by bacteria to defeat antibiotics and other drugs used to combat infections afflicting people with cystic fibrosis.

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'Explicit instruction' provides dramatic benefits in learning to read

When it comes to learning to read, new research suggests that explicit instruction -- a phonics teaching method in which the relationship between sound and spelling is taught directly and systematically -- is more effective than self-discovery through reading.

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Scientists identify cells responsible for liver tissue maintenance and regeneration

While the amazing regenerative power of the liver has been known since ancient times, the cells responsible for maintaining and replenishing the liver have remained a mystery. Now, research has identified the cells responsible for liver maintenance and regeneration while also pinpointing where they reside in the liver.

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Smartphones could help to prevent glaucoma blindness

Smartphones could be used to scan people's eyes for early-warning signs of glaucoma - helping to prevent severe ocular diseases and blindness, a new study reveals.

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64 human genomes as new reference for global genetic diversity

20 years after the successful completion of the Human Genome Project', an international research group has now sequenced 64 human genomes at high resolution. This reference data includes individuals from around the world, better capturing the genetic diversity of the human species. Among other applications, the work enables population-specific studies on genetic predispositions to human diseases as well as the discovery of more complex forms of genetic variation.

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New signaling pathway in neurons

A new signaling pathway has been identified that can prevent the overproduction of certain RNA-protein complexes in neurons. These complexes play an important role in neurodegenerative diseases.

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Harnessing the power of proteins in our cells to combat disease

Over many decades now, traditional drug discovery methods have steadily improved at keeping diseases at bay and cancer in remission. And for the most part, it's worked well. But it hasn't worked perfectly.

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Artificial 'brain' reveals why we can't always believe our eyes

A computer network closely modelled on part of the human brain is enabling new insights into the way our brains process moving images - and explains some perplexing optical illusions.

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Coronavirus LIVE: PM Modi gets vaccinated; Co-Win registration from 9 am

Coronavirus live updates: Most affected states by total cases are Maharashtra (2,129,821), Kerala (1,048,686), Karnataka (949,636), Andhra Pradesh (889,585). Stay tuned for corona-related news

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Indian biggest fuel retailers gearing up for rural-led economic rebound

The increasing economic importance of India's hinterlands is influencing business expansion plans and accelerating a trend of more service stations being opened in the countryside

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Gut health and mood genetically entwined

Researchers have provided clues to how the gut and brain work together by studying health data from nearly half a million people.

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Among Ecuador's Shuar, researchers find how disgust evolved as a human emotion

When the pungent smell of rotting food sends a person running, that disgusted feeling is an evolved response that helps avoid exposure to pathogens, say anthropologists. In a project that blended anthropology, biology and psychology, researchers explored disgust behaviors among Ecuador's indigenous Shuar people.

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Decrease in peanut allergy among infants after guideline changes

Changes to food allergy guidelines has led to a 16 per cent decrease in peanut allergy among infants, according to new study.

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Rishi Sunak plots tax raid to plug UK deficit, risking Tory rage

Sunak's answers will shape his own fortunes, the Conservative government's political identity, and the UK economy's chances of making a full recovery from its deepest recession for 300 years

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Can you pay month's dues to pilots: Delhi High Court asks Air India

The contention was refuted by Air India's lawyer who claimed the plea was not maintainable as the subject matter of the disputes are private contracts and there is no public function involved.

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Saturday, February 27, 2021

PM calls for 100-day campaign to clean up water bodies, harvest rain water

'We have to understand our collective responsibility towards water conservation,' says PM Modi in Mann Ki Baat

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India proud to launch Brazil's Amazonia-1 satellite: ISRO chief K Sivan

Sivan on Sunday congratulate the Brazilian team on the occasion of the launching of Polar Satellite Launch Vehicle (PSLV) C51 carrying Brazil's Amazonia-1 satellite

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Myanmar police crack down on protests for second day; 2 dead, several hurt

Myanmar has been in chaos since the army seized power and detained elected government leader Aung San Suu Kyi and much of her party leadership on Feb. 1, alleging fraud in a November election

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Discoms' outstanding dues to power gencos rise 24% to Rs 1.36 trn in Dec

The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms

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Nine of top 10 firms lose nearly Rs 2.2 lakh cr in market valuation

Reliance Industries was the only scrip to post gains in its market valuation among the top 10 valued companies

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Discoms' outstanding dues to power gencos rise 24% to Rs 1.36 trn in Dec

The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms

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Isro's PSLV-C51 successfully places Brazilian satellite Amazonia-1 in orbit

At the end of a nearly 26-hour countdown, the Polar Satellite Launch Vehicle lifted off from the first launch pad of the Satish Dhawan Space Centre at around 10.24 am

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Biden urges Senate to quickly pass $1.9 trillion economic relief package

"If we act now - decisively, quickly, and boldly - we can finally get ahead of this virus. We can finally get our economy moving again," he said

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96% people faced drop in earnings during Covid-19 lockdown: Survey

The Centre announced a nationwide lockdown in March last year following the outbreak of COVID-19 in the country. Later, after a few months, restrictions were gradually eased in a phased manner

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RBI should be free to unilaterally decide on reverse repo, MSF: Report

The currency and finance report, which the central bank claims is not its official view, says the RBI must retain the freedom to tweak the reverse repo and MSF rate for liquidity management purposes

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'Bonds are not the place to be these days,' warns Warren Buffett

Fixed-income investors worldwide - whether pension funds, insurance companies or retirees - face a bleak future, says Berkshire Hathaway CEO

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Coronavirus LIVE: India sees 16,752 new cases, 113 deaths in last 24 hours

Coronavirus LIVE updates: Globally, more than 114.3 million people have been infected by the virus and the death toll stands at 2,536,694

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Warren Buffett won't take the Reddit bait, suggests his Berkshire letter

No mention of Bitcoin, Robinhood or WallStreetBets in Buffett's latest annual letter but plenty of homespun value-investing wisdom

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Amit Shah to attend public, organisationaal programmes in Puducherry, TN

Union Home Minister Amit Shah will attend public and organisational programmes in Puducherry and Tamil Nadu on Sunday, informed an official statement

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Stock gains power higher Berkshire profit, Buffett presses on with buybacks

Berkshire's fourth-quarter buybacks boosted the company's overall stock repurchases to $24.7 billion in 2020, five times the record from a year earlier

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Odisha: Covid test mandatory for passengers arriving from 5 states

'Passengers arriving from Maharashtra, Chhattisgarh, Kerala, Punjab, and MP will undergo screening tests at the airport in Odisha,' says state Health Minister Naba Kishore Das

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Biden says Saudi announcement to come Monday; WH plays down new steps

The Biden administration has faced some criticism, that the President should have been tougher on the crown prince, who was not sanctioned despite being blamed for approving Khashoggi's murder

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LIVE: Amit Shah to address public meetings in Tamil Nadu, Puducherry today

Party leaders said Shah will also take organisational meetings in both Tamil Nadu and Puducherry. Stay tuned for all LIVE updates

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UK records another 7,434 new coronavirus cases, 290 deaths in 24 hours

The latest figures were revealed as more than 19.6 million people in Britain have been given the first jab of the coronavirus vaccine

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PM Modi to address Mann Ki Baat today

On Feb 15, PM Modi had invited people of the country to share their inspiring stories in the field of art, culture, and tourism

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J&J's 1-dose shot cleared, giving US 3rd Covid-19 vaccine

The US is getting a third vaccine to prevent COVID-19, as the Food and Drug Administration on Saturday cleared a Johnson & Johnson shot that works with just one dose instead of two. Health experts are anxiously awaiting a one-and-done option to ...

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Rakesh Tikait to tour 5 states in March to drum up support for farm protest

Tikait will be touring five states in March to drum up support for the ongoing farmers' protest against Centre's new agriculture laws

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Buffett upbeat on US, Berkshire; buys back stock even as Covid hits results

Buffett also signaled a long-term commitment to Apple Inc

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US House passes $1.9 trillion pandemic bill on near party-line vote

This is a win for President Joe Biden

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India-Bangladesh hold high level talks to discuss security issues

The talks "appreciated the cooperation between the two countries and the action taken to address the menace of terrorism and extremism in an effective manner."

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Govt fixes Covid vaccine price at Rs 250 a shot for pvt hospitals: Report

Vaccinations in the next phase to begin on March 1

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Ind-Ra upgrades fiscal year 2021 credit growth estimates to 6.9%

Improved economic environment in 2H FY21 helped

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JLR to take a write off of 1.5 bn pounds in Q4 as part of a restructuring

This will be the second biggest hit for Tata Motors-owned firm since FY19

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Maruti Suzuki achieves 2 million vehicle export milestone from India

The country's largest carmaker Maruti Suzuki India (MSI) on Saturday said it has achieved the milestone of 20 lakh cumulative exports. The auto major achieved the milestone as a batch of products comprising S-Presso, Swift and Vitara Brezza left for South Africa from the Mundra Port in Gujarat. "The company has been exporting vehicles for past 34 years much before India became a prominent player in the global automobile business.This early global exposure helped the company enhance its quality and attain global benchmarks," MSI MD and CEO Kenichi Ayukawa said in a statement. The automaker currently exports 14 models comprising nearly 150 variants, to over 100 countries, he noted. "Vehicles manufactured at our facilities in India have found high acceptance owing to global standards of quality, safety, design and technology," Ayukawa said. Going forward, the company has aligned itself with the evolving needs of customers in African and Latin American nations, he noted. "With a flur

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JLR to take a write off of 1.5 bn pounds in Q4 as part of a restructuring

This will be the second biggest hit for Tata Motors-owned firm since FY19

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PM Modi asks toy makers to use less plastic, more eco-friendly material

Prime Minister Narendra Modi on Saturday asked the toy manufacturers to use less plastic and more eco-friendly material. He urged them to focus on innovation

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Friday, February 26, 2021

ICRA reaffirms AA-plus rating on United Spirits' financial instruments

ICRA has reaffirmed AA-plus rating with a stable outlook on United Spirits Ltd's (USL's) Rs 3,425 crore long-term, short-term and non-fund based financial instruments

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US owes India $216 bn as American debt soars to $29 trillion: Lawmaker

In 2020, the US national debt was $23.4 trillion, that was $72,309 in debt per person

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Indian Oil to expand Panipat refinery with capex of Rs 32,946 crore

Oil marketing firm IndianOil Corporation (IOC) is expanding its Panipat refinery's capacity from 15 million metric tonnes per annum (MMTPA) to 25 MMTPA at a cost of Rs 32,946 crore

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Latest news LIVE: PM Modi to virtually inaugurate India Toy Fair today

Prime Minister Narendra Modi will inaugurate the India Toy Fair 2021 today at 11 am via video conferencing. Stay tuned for Latest LIVE news

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Coronavirus LIVE: India cases at 11,079,094; global tally nears 114 million

Coronavirus live updates: Most affected states by total cases are Maharashtra (2,130,000), Kerala (1,052,000), Karnataka (950,207) and Andhra Pradesh (889,585). Stay tuned for corona-related news

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Airlines see 10-12% drop in bookings as states insist on Covid-19 test

West Bengal joined Maharashtra and Karnataka in insisting on negative RT PCR tests for travellers from certain states, which has dampened sentiment

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Inflation range of 2-6% is appropriate for monetary policy: RBI report

Even as the foreword of the report has been written by RBI governor Shaktikanta Das, the report is not the official view of the central bank

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GDP in positive trajectory a promising sign, says India Inc

India Inc on Friday said the recouping of the country's economy to a positive trajectory in the third quarter is a promising sign as it portends the end of the pandemic-induced recessionary phase

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Fiscal deficit hits Rs 12.34 trillion at end of January, shows data

The fiscal deficit at the end of January in the previous financial year was 128.5 per cent of the Revised Estimates (RE)

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India's core industries output sees marginal 0.1% rise in January

Growth in core sector output in January was lower than the 0.2 per cent expansion seen in December

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GDP grows 0.4% in Q3: Pre-Covid times are here, says Finance Ministry

However, the economy grew by a much higher rate of 3.1 per cent in the fourth quarter of 2019-20

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DGCA allows airlines to offer fare discount to customers with no baggage

Aviation regulator DGCA on Friday allowed airlines to provide concessions in air fares to customers travelling with no check-in baggage.

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IRCTC's AI-based initiative 'ASK DISHA' to help govt bodies answer queries

The chatbot powered by artificial intelligence will enable those organisations to answer general queries of the customers and garner good will too

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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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Tips on saving tax on the interest you earn on your savings bank account

Interest earned on balances in savings accounts held with banks or post offices is taxable under "Income from other sources". Did you know that you can actually save this tax to an extent?

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Thursday, February 25, 2021

Judge in Google case disturbed that company tracks even 'incognito' users

Weighing Google's attempt to get the suit dismissed, judge said she finds it "unusual" the firm would make "extra effort" of data collection if it doesn't use it to build user profiles or targeted ads

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India tightens regulatory grip on Facebook, WhatsApp with new rules

India is the largest market by users for both Facebook and its messenger service WhatsApp

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DHFL hits 5% upper circuit as RBI okays Piramal Group's resolution proposal

On Thursday, DHFL said it has received the intimation from the RBI and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance

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Bond yields, US air strike: What dragged the Sensex 1,200 pts lower today

A rise in commodity prices has fanned inflation risks, pushing bond yields higher. That apart, the US launched airstrikes in Syria on Thursday, which further dented global mood

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Bond yields, US air strike: What dragged the Sensex 1,200 pts lower today

A rise in commodity prices has fanned inflation risks, pushing bond yields higher. That apart, the US launched airstrikes in Syria on Thursday, which further dented global mood

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RailTel Corporation debuts at 16% premium over issue price of Rs 94

The initial public offer by RailTel was subscribed 42 times

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Explained: How bond yields impact stock market & what should investors do?

A rally in the stock market tends to raise bond yields as money moves from the relative safer investment bet to riskier equity stock markets

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Explained: How bond yields impact stock market & what should investors do?

A rally in the stock market tends to raise bond yields as money moves from the relative safer investment bet to riskier equity stock markets

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Rising bond yields, commodity prices to cap market upside, say analysts

According to a recent report by BofA Securities, 31 Nifty50 companies are exposed to commodity-related risks and cautions that the full impact of the rise in commodity prices is yet to play out

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Rising bond yields, commodity prices to cap market upside, say analysts

According to a recent report by BofA Securities, 31 Nifty50 companies are exposed to commodity-related risks and cautions that the full impact of the rise in commodity prices is yet to play out

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India looks set to beat recession even as new coronavirus cases loom

India will become one of the few major economies to post growth in the last quarter of 2020, with any improvement in the economy's performance inversely tied to a drop in Covid-19 infections

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Bharat Bandh LIVE: Commercial markets closed as traders, farmers protest

Bharat Bandh LIVE Updates: Traders, farmers and transporters have called for Bharat Bandh over rising fuel prices, new e-way bill, GST and farm laws. Stay tuned for Latest LIVE news

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Coronavirus LIVE: India cases at 11,063,038; over 13 million vaccinated

Coronavirus live updates: The five most affected states by total cases are Maharashtra (2,130,000), Kerala (1,049,000), Karnataka (949,636), Andhra Pradesh (889,409), and Tamil Nadu (849,166)

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MARKET LIVE: SGX Nifty tumbles 280 points amid feeble global cues

LIVE markets: US Treasury yields vaulted to their highest since the pandemic began on expectations of a strong economic expansion and related inflation

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MARKET LIVE: SGX Nifty tumbles 280 points amid feeble global cues

LIVE markets: US Treasury yields vaulted to their highest since the pandemic began on expectations of a strong economic expansion and related inflation

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Asia stocks skid as global inflation fears, tech woes hit Wall Street

Japan's Nikkei 225 was down 1.8 per cent while Hong Kong's Hang Seng index futures lost 1.69 per cent

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Oil mixed, US crude hits highest since 2019 as refineries restart

Brent futures for April delivery fell 16 cents, or 0.2%, to settle at $66.88 a barrel. The April Brent contract expires on Friday

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Wall Street ends sharply lower, tech selloff weighs as bond yields climb

The Dow and the S&P 500 notched their biggest daily decline since late January

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Oil prices retreat from 1-year high alongside global market selloff

Futures in New York fell as much as 0.9 per cent on Thursday with US equities weakening amid concerns that markets could soon face accelerating inflation

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Allahabad HC denies anticipatory bail to Amazon India Originals head

A single-judge bench of Justice Siddharth passed this order on Thursday while hearing an anticipatory bail application

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Top headlines: Adani Group may bid via MIAL, new rules for FB, Twitter

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 (Crypto Bill), which is included in the agenda of the Lower House of Parliament, could be introduced in the monsoon session

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If you've less money than Musk, watch out: Bill Gates on bitcoin

For Gates, it's not something Main Street should buy into - plus it's bad for the environment as mining the coins requires a lot of energy.

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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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Wednesday, February 24, 2021

'PSBs need to step up as govt lifts embargo on grant of biz to pvt banks'

Some large private banks, unlike mid-sized banks, were allowed to participate in the government's businesses even after the RBI restricted the private lenders' participation in 2012

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'PSBs need to step up as govt lifts embargo on grant of biz to pvt banks'

Some large private banks, unlike mid-sized banks, were allowed to participate in the government's businesses even after the RBI restricted the private lenders' participation in 2012

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DATA STORY: India has added 10,197 active Covid cases on a net basis in 15 days

With 503,947 more vaccine shots being administered on Wednesday, the total number of people inoculated in India has reached 12,671,163 - or 114.71% of its total caseload, and 0.9124% of population

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RCF surges 15% as ICRA reaffirms ratings with positive outlook

The revision in outlook to 'Positive' factors in the disbursal of additional subsidy announced under the Atma Nirbhar Bharat Package 3.0 announced for the fertilizer sector

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Unavailability of online risk management system led to mkt shutdown: NSE

The exchange said it was continuously working on resolution of the problem and once the same was resolved, it made an announcement on re-opening of the markets

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Bharti Airtel raises $1.25 bn through issue of dual tranche $ bond offering

Airtel has priced $750 million of senior 10.25-year bonds at a yield after adding 187.5 basis points (bps) over the US Treasury, for an implied coupon of 3.25 per cent

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Ashok Leyland to acquire Nissan International's 38% stake in Hinduja Tech

The company proposes to acquire 58,500,000 shares held by Nissan International Holding B.V to make it as a wholly-owned subsidiary of the Company

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Alliance Air to commence flights betweeb Bilaspur-Delhi from March

Continuing efforts to bolster regional connectivity across India, Alliance Air will add Bilaspur in its service network as the 45th destination, the airline said

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IIFL Securities up 40% in 2 days on winning bid to acquire Karvy's accounts

IIFL Securities will get 1.11 million demat accounts with custody value of Rs 3.01 trillion as on January 31, 2021, the company said

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Crude oil's fate could be in hands of commodity supercycle

OPEC will have an important say in how the oil supercycle plays out. Oil prices are now at a level that could bring at least the smaller US operators back and even start to tempt renewed longer-cycle

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Crude oil's fate could be in hands of commodity supercycle

OPEC will have an important say in how the oil supercycle plays out. Oil prices are now at a level that could bring at least the smaller US operators back and even start to tempt renewed longer-cycle

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Max Financial surges 10% as Axis entities get nod for stake buy in Max Life

IRDAI has given its approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries Axis Capital and Axis Securities

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Stocks to watch: Nureca, Max Fin, Axis Bank, DRL, Dredging Corp, Affle

Wipro announced the appointment of Rene Mulder as Country Head and Managing Director of its Switzerland operations

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Trading strategies for copper and zinc by Tradebulls Securities

Exhaustion is being witnessed in Copper as on daily scale, there has been an emergence of 'Bearish Engulfing' candlestick pattern

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Biden lifts Trump-era ban blocking immigration, ends green card freeze

Biden lifts Trump-era ban blocking immigration, ends green card freeze

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MARKET LIVE: Sensex, Nifty set to open higher; Nureca shares to list today

LIVE market: Nureca's Rs 100 crore public issue was subscribed nearly 40 times.

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Assembly elections LIVE: PM Modi to visit Tamil Nadu, Amit Shah in Assam

In less than two months from now, elections are set to be held in West Bengal, Tamil Nadu, Kerala, Puducherry and Assam. Stay tuned for LIVE updates as we track poll campaigns of political parties

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From BSE to Tokyo Stock Exchange, here's a history of trading outages

Often the causes are software glitches, hardware failures and internet connectivity problems

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Sebi slaps fine on three entities for fraudulent trading activities

The penalised entity and individuals are Rachita Shripalkumar Shah, Shripal Sheshmal Huf and Shripal Sheshmal

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India's recession exit gains momentum on services, manufacturing

Official data on Friday is likely to show that India exited a recession in the final three months of 2020, with economists in a Bloomberg survey forecasting a GDP expansion of 0.5% from a year ago

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Australia passes law that will make Google, Facebook pay for news

Australia's laws forcing Google and Facebook to pay for news are ready to take effect, though the laws' architect said it will take time for the digital giants to strike media deals

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Latest news LIVE: UK court order in Nirav Modi extradition case today

Nirav Modi is behind bars in a London prison on charges of fraud and money laundering in the estimated $2-billion PNB scam case. Stay tuned for Latest LIVE news

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Coronavirus LIVE: India records 17106 new cases; nearly 9000 in Maharashtra

Coronavirus live updates: Nearly a month after the health minister declared that Covid-19 had been contained, Maharashtra, Kerala have reported a spike in cases. Stay tuned for corona-related news

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Dilip Buildcon declared L1 bidder for projects worth Rs 2,439 cr; stk up 4%

The company's wholly owned subsidiary - Dodaballapur Hoskote Highways has also received the appointed date letter from NHAI for Rs 1,278 crore HAM project

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Centre rushes high level teams to states witnessing surge in Covid-19 cases

The three-member multidisciplinary teams are headed by joint secretary level officers in the health ministry, the Union Health Ministry said

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Flipkart to deploy more than 25K EVs, partners with leading manufacturers

The Walmart-owned e-commerce firm has partnered with Hero Electric, Mahindra Electric and Piaggio, for specific vehicles to be deployed for its first and last-mile delivery fleet across the country

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Isgec Heavy shares gain 5% on order win for 2 gas fired boilers

In the past month, the stock outperformed the market by surging nearly 35 per cent, against 2.4 per cent rise in the S&P BSE Sensex

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Reserve Bank of India concerned crypto may impact financial stability

Prime Minister Narendra Modi's administration is proposing to prohibit all private cryptocurrencies in the country and create a framework for an official digital currency

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SC rejects plea for extra attempt in UPSC to those having lost in Covid-19

It had said that the candidates who gave their last attempt examination in October 2020 would get one more chance this year provided they are not age barred

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Nissan ex-CEO Hiroto Saikawa tells Japanese court Ghosn's pay was too low

"Mr. Ghosn had outstanding abilities and achievements," Saikawa said, testifying in Tokyo District Court in the criminal trial of Greg Kelly, a former senior executive at Nissan Motor Co

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Tuesday, February 23, 2021

DATA STORY: India's Covid vaccination now at 110.3% of its total caseload

With 420,046 more vaccine shots being administered on Tuesday, the total number of people inoculated in India has reached 12,165,598 - that is 110.30% of its total caseload, and 0.876% of population

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National Stock Exchange halts trading after glitch freezes stock prices

Trading was halted at 11:40 am. Stock and index prices had stopped updating from 10:08 am, said market participants

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IND vs ENG LIVE, 3rd Test: Bumrah may return to India playing 11 at Motera

India vs England live toss will take place at 2:00 pm IST. Check IND vs ENG live score, playing 11 and match updates here

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This PSU stock rallies 134% in one month, scales 8-year high

Hindustan Copper hit an eight-year high of Rs 128, up 10 per cent on the BSE in intra-day trade on Wednesday on the back of heavy volumes

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Matrimony.com zooms 43% in 2 days, scales fresh record high

JP Morgan Asset Management, which holds shares in Matrimony.com through CMDB, is offloading its stake in the company via open markets through bulk deal

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Latest news LIVE updates: PM Modi to address webinar on divestment today

Modi will address a webinar on implementation of divestment-related announcements made in the Union Budget today. Stay tuned for Latest LIVE news

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Nava Bharat Ventures surges 15% as board to consider buy back proposal

The meeting of the Board of Directors is scheduled on Friday, February 26

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Tata Consumer up 4%, hits new high on inclusion in Nifty50 from March 31

In past one month, the stock of Tata Consumer and Gail has outperformed the market by gaining 11 per cent, against 2.3 per cent risen in the Nifty50 index.

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Stocks to watch: Tata Consumer, GAIL, NTPC, SBI Card, Sanofi India, REC

SBI Cards and Payment Services had raised Rs 550 crore by issuing bonds on a private placement basis

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Trading tips by Ajit Mishra of Religare Broking: Buy HPCL, Petronet NLG

Hindpetro has witnessed a strong rebound after forming a base above the support zone of moving averages ribbon on multiple time frames

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Traders can lighten long positions in 15,000-15,100 zone: Vinay Rajani

Support for the Nifty is seen at 14,336 odd levels, where 50 days EMA is placed

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MARKET LIVE: SGX Nifty indicates gap-up open; Tata Consumer in focus

LIVE market: Tata Consumer Products will replace Gail India in the benchmark Nifty 50 index, with effect from March 31

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Coronavirus LIVE: India cases at 11,028,937; night curfew in Aurangabad

Coronavirus live updates: Night curfew has been imposed in Maharashtra's Aurangabad amid rising Covid-19 cases. Stay tuned for corona-related news

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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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New variants not reason for rise in Covid cases: NITI Aayog member V K Paul

Special teams to visit states to find the cause of rising cases

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

Market size shrunk in 2020, but higher volumes and ASP expected to set new benchmarks

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Monday, February 22, 2021

Hindalco jumps 4% as firm unveils capital allocation framework

The company expects to generate over $1-1.2 billion cash flow per annum post its normal working capital and maintenance capex

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TVS Motor Company appoints Timothy Prentice as Vice President for design

Prentice specialises in advanced design planning, and TVS expects his experience in designing high-performance electric vehicles to take its EV line-up design to the next level

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Zomato raises Rs 1,800 crore in new funding round from five investors

The new valuation marks an increase from $3.9 billion valuation of Zomato in December

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If Big Tech has the will, research can show the way to self-regulation

Research shows three key ways social media self-regulation can work: deprioritize engagement, label misinformation and crowdsource accuracy verification

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ONGC rallies 7% on higher oil prices; stock up 29% so far in February

Goldman Sachs Group Inc. has predicted crude oil prices could advance above $70 in the coming months

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Page Industries appoints V S Ganesh as new CEO; stock surges over 4%

V S Ganesh will be appointed for a period of 5 years effective June 1, 2021.

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Tanla Platforms rallies 40% in 2 weeks; stock hits new lifetime high

In Q3FY21, the company's Ebitda was up by 99 per cent to Rs 126.9 crore for the same period, crossing the Rs 100 crore mark for the first time

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Adani forays into data centre business, sets up 50:50 JV with EdgeConnex

In addition to full-scale data centres, AdaniConneX will also develop a portfolio of Edge data centres strategically located across the country to address the need for more proximate capacity

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Info Edge shares zoom 5% after Zomato raises another $250 million

"On a fully converted and diluted basis, Info Edge's effective stake in Zomato stands at 18.4 per cent," Info Edge said in the stock exchange filing

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RIL restructuring to ease Aramco deal, unlock next leg of up move: Analysts

Morgan Stanley now sees valuations/asset prices rebounding back to levels seen in August 2019 with a much improved industry outlook which may push the deal ahead

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RIL restructuring to ease Aramco deal, unlock next leg of up move: Analysts

Morgan Stanley now sees valuations/asset prices rebounding back to levels seen in August 2019 with a much improved industry outlook which may push the deal ahead

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Reliance to hive off O2C business, expects approvals by September quarter

The Mukesh Ambani-controlled company had initiated the process to hive off its oil-to-chemicals business at a time when the Covid-19 pandemic caused a slump in fuel demand

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Stocks to watch: RIL, Bharat Forge, Vedanta, Airtel, HDFC Bank, Hindalco

RIL, in a late night filing, said that it has begun the process of carving out the O2C business into an independent subsidiary

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Bill Gates wants to team up more with Bezos to combat climate crisis

In his book, Gates uses the concept of a "Green Premium," the difference in price between a traditional, carbon-emitting technology like a gas-powered car and its green alternative, an electric car

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Bitcoin declines after Tesla CEO Elon Musk hints that prices are excessive

Bitcoin plunged as much as 17 per cent and briefly back below $50,000 in New York

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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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After plunging to 16-yr low in H1, yields soar 31 bps post-Budget: Report

The massive spike in 2021-22 borrowing target has led to a 31 basis points rally in benchmark bond yields, a report said

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Reliance to hive off O2C business, expects approvals by September quarter

The Mukesh Ambani-controlled company had initiated the process to hive off its oil-to-chemicals business at a time when the Covid-19 pandemic caused a slump in fuel demand

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China back as India's top trade partner, despite govt's 'atmanirbhar' push

Total imports from China at $58.7 billion were more than India's combined purchases from the US and the UAE

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MARKET LIVE: Sensex, Nifty set to open higher; RIL, Info Edge in focus

LIVE markets: Asian stocks were mixed on Tuesday. The Australian S&P/ASX 200 gained half a per cent while South Korea's Kospi declined 0.8 per cent in early trading

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Top headlines: New corporate pay structure, mapping deregulation, and more

From investor charter presented in the Union Budget to correction in gold prices, here are the top headlines on Tuesday morning

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Best of BS Opinion: Adapting to a warming world, India's recovery & more

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

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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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Sunday, February 21, 2021

Supreme Court halts Future Group's $3.4 billion deal on Amazon plea

Agreeing with the American e-commerce giant's petition, the top court on Monday overturned a lower court's ruling and stopped India's company tribunal from approving the transaction till further order

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Jagran Prakashan surges 18% as firm plans to consider buyback on March 2

The stock is up for the second day in a row and has gained nearly 24 per cent in two days

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HUL, Colgate among Nomura's top picks in case of GST slab rejig

The rate rejig, analysts say, will alter the tax burden on companies, which they expect to get passed on to the consumers

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HUL, Colgate among Nomura's top picks in case of GST slab rejig

The rate rejig, analysts say, will alter the tax burden on companies, which they expect to get passed on to the consumers

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Dell opens global innovation facility in Singapore, first outside US

Dell Technologies has opened a $50 million innovation facility in Singapore focusing on research and development (R&D) in key digital transformation technologies.

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Supreme Court halts Future Group's $3.4 billion deal on Amazon plea

Agreeing with the American e-commerce giant's petition, the top court on Monday overturned a lower court's ruling and stopped India's company tribunal from approving the transaction till further order

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HUL, Colgate among Nomura's top picks in case of GST slab rejig

The rate rejig, analysts say, will alter the tax burden on companies, which they expect to get passed on to the consumers

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Metal stocks shine in a weak mkt; Hindustan Copper, Hindalco jump up to 17%

JSW Steel, Hindustan Zinc, Ratnamani Metals and Tubes, Tata Steel, MOIL, and Jindal Steel were up in the range of 2 per cent and 3 per cent.

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Samsung Galaxy S21 Plus review: A versatile package, despite imperfections

The Samsung Galaxy S21 Ultra gets you the best. But can the same be said for the Galaxy S21 Plus? Let's find out

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NTPC snaps 4-day winning streak, declines 3% on profit-taking

In the last four trading sessions, the stock has risen nearly 10 per cent

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Puducherry floor test LIVE: Narayanasamy says MLAs must stay loyal to party

Congress-led government in Puducherry will undergo a floor test to prove its majority in the assembly. Stay tuned for Latest LIVE news

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Jubilant Foods hits 52-wk high on Fides Food deal; analysts give thumbs up

Noting that the deal looks promising in terms of strategic investment, the stock price may have already priced-in the positives, say analysts

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DATA STORY: India's active Covid-19 cases again go past the 150,000 mark

With 31,681 more vaccine shots being administered on Sunday, the total number of people inoculated in India has reached 11,116,854 - that is 101.0% of its total caseload, and 0.8005% of population

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Thomas Cook extends gains to 3rd day, jumps 6% on plans to raise Rs 450 cr

The travel services firm said it plans to raise up to Rs 450 crore via the issue of Optionally Convertible Cumulative Redeemable Preference shares (OCCRPS) through private placement

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HSBC ups India's FY22 GDP forecast to 11.2%, cuts inflation target to 4.7%

Besides India, HSBC has cut 2021 CPI inflation forecasts for Hong Kong, Indonesia, Japan, Singapore, Thailand, and Vietnam. In Korea and Malaysia, the upward revisions were marginal

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HSBC ups India's FY22 GDP forecast to 11.2%, cuts inflation target to 4.7%

Besides India, HSBC has cut 2021 CPI inflation forecasts for Hong Kong, Indonesia, Japan, Singapore, Thailand, and Vietnam. In Korea and Malaysia, the upward revisions were marginal

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Asia share market edges up as bond yields, resources steal the show

Japan's Nikkei recouped 1.0% and South Korea 0.4%, while E-Mini futures for the S&P 500 were a fraction firmer

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Stocks to watch: Torrent Power, Thomas Cook, Narayana Hrudayalaya, NTPC

Promoter PNB said that it will not participate in PNB Housing Finance's capital raising plans

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Nifty outlook and stock picks by Sameet Chavan: Buy Petronet, sell UBL

In the last couple of sessions, Petronet's stock prices witnessed a good traction and, importantly, it's backed by the more than average daily volumes

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Adani Power, RITES: Trading tips by Vaishali Parekh of Prabhudas Lilladher

The stock of Adani Power has improved the bias with decent volume participation

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Top headlines: RBI buys bonds, Tatas outdo Sensex under Chandrasekaran

The Reserve Bank of India (RBI) bought about Rs 26,000 crore of bonds from the secondary market anonymously on February 12, a day after it bought Rs 20,000 crore as part of its announced OMOs

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Coronavirus LIVE: India cases cross 11 mn; US death toll past 500,000-mark

Coronavirus live updates: The US has lost over 500,000 people to coronavirus. India has recorded a steady rise in the Covid-19 active cases over the past few days

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MARKET LIVE: Sensex, Nifty seen opening on a flat-to-positive note

LIVE updates: Oil prices were aided by tightening supplies and freezing weather, with Brent crude futures were up 43 cents at $63.34 a barrel

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Centre issues 5-point advisory for states witnessing spike in Covid cases

More than 74% of the active cases of the country are in Kerala and Maharashtra, says Union Health Ministry while asking states to raise proportion of RT-PCR Covid tests

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Petrol prices unchanged after rising over Rs 3 per litre in 12 days

On Sunday, price of the fuel in Delhi, Mumbai, Chennai and Kolkata was at Rs 90.58, Rs 97.00, Rs 92.59, Rs 91.7 per litre, respectively, unchanged from the previous levels

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Centre to permit sale of 50% coal from captive blocks; invites comments

The ministry said that it has invited comments from the state governments of coal-bearing states and stakeholders/general public on the said proposals

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New Indian Covid variants can cause re-infections, warns AIIMS chief

India needs to go back to aggressive measures of testing, contact tracing and isolating infections, Randeep Guleria tells a news channel

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Saturday, February 20, 2021

Cairn says it is looking for mutually 'acceptable' solution to tax dispute

'Assuming such a resolution can be achieved, we look forward to being able to move on to further opportunities to invest in India,' says the UK company

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Cairn says it is looking for mutually 'acceptable' solution to tax dispute

UK company expresses willingness to further invest pending resolution of the matter with India

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Mahindra Lifespace to invest Rs 500 crore in new housing project in Pune

In an interview with PTI, Mahindra Lifespace Developers Chief Marketing Officer Viral Oza said the company has launched a new housing project in Pune, which has been an important market for it

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Global trends to guide markets; indices may remain range-bound: Analysts

Markets had registered sharp gains post the Union Budget, but last week profit-taking was witnessed

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448 infrastructure projects show cost overruns worth Rs 4.02 trillion

The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above

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First liftoff: Ingenuity copter to add aerial dimension to Mars exploration

The helicopter onboard the Perseverance rover aims to add the aerial dimension to Mars exploration, which remains unavailable to date

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India reports 14,264 new Covid-19 cases, 90 deaths in 24 hours: Health Min

As per the Health Ministry, 1,08,38,323 vaccine doses have been given through 2,29,462 sessions till Saturday evening

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Elon Musk says bitcoin prices 'seem high' after record-breaking week

Crypto believers are dueling with skeptics: the former see an asset being embraced for its ability to hedge risks, while the latter sense a precarious mania riding atop waves of fiscal stimulus

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GIFT City: Modi's plan to make a Singapore in Gujarat has fallen flat

Investors aren't coming to India's new international financial center, built on a patch of wilderness in the PM's home state

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Speed up disengagement at Gogra, Hot Springs and Demchok: India tells China

According to the sources, the marathon 10th round of talks began at 10 am Saturday and ended at 2 am Sunday

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GIFT City: Modi's plan to make a Singapore in Gujarat has fallen flat

Investors aren't coming to India's new international financial center, built on a patch of wilderness in the PM's home state

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India not close to herd immunity yet, threat of 2nd wave lingers: Experts

Sero survey showed that merely 22% people were infected. Therefore, a large part of the population is still vulnerable,' says a former ICMR official

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LIVE: 10th round of India, China talks lasted for 16 hours, says report

Stay tuned for LIVE updates

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Coronavirus LIVE: Maharashtra reports over 6,000 Covid-19 cases, 40 deaths

Coronavirus LIVE updates: Globally, more than 111.6 million people have been infected by the virus and the death toll stands at 2,471,412

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PM asserted next census will be most remarkable, digitalised: NITI Aayog

Sitharaman, who presented the Union Budget 2021-22 in Parliament, had said the forthcoming census - an exercise to determine the population of the country - would be the first digital census

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A year after Covid crash, pandemic losers are the new stock market winners

Travel firms and store operators rally on re-opening optimism; Zoom among stay-home winners to decline from peak valuations

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Experts call rise in Covid-19 cases in few states 'stochastic spread'

While Kerala and Maharashtra continue to report a surge in cases, a trend of rising in infections is also being observed in Punjab, Chhattisgarh and Madhya Pradesh

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PM Modi to address meeting of BJP national office-bearers on Sunday

Modi will address a meeting of Bharatiya Janata Party (BJP)'s national office-bearers here on Sunday

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Thomas Cook India plans to raise up to Rs 450 cr through private placement

The size of the issue is up to Rs 450 crore subject to the approval of regulatory, statutory authorities and the shareholders of the company

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CSR shouldn't be legally mandated, charity must come from within: Premji

He added that it is important that individual and personal philanthropy is separated from a company's CSR efforts

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AIIMS chief calls for PPP for large-scale rollout of vaccination programme

AIIMS chief termed the recent drop in Covid-19 cases in the country as a 'small window of opportunity'

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CSR shouldn't be legally mandated, charity must come from within: Premji

He added that it is important that individual and personal philanthropy is separated from a company's CSR efforts

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Rising petrol prices a 'Dharma Sankat' situation for FM Nirmala Sitharaman

The Finance Minister said it is a matter for which the Centre and state governments need to work together and see whether there is a way to fix the issue

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Coal scam: ED files fresh chargesheet against Jharkhand firm, promoters

The agency alleged "a pecuniary benefit of Rs 7 cr was obtained by accused Binay Prakash by offering to sell the shares of the firm on premium, after allocation of the coal block to Domco Pvt Ltd"

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YouTube stars and broking apps lure pandemic-hit day traders in India

Around 10 million new investing accounts, largely by retail investors, were opened in India last year, calculations from the country's two main depositories of accounts show

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Covid has shown sustainable biz model is crucial for future growth: HUL CMD

With vaccines rolling out, the firm is looking forward to re-engaging with all possible stakeholders

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Covid has shown sustainable biz model is crucial for future growth: HUL CMD

With vaccines rolling out, the firm is looking forward to re-engaging with all possible stakeholders

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Unleash animal spirits to put economy on recovery path: FM tells India Inc

Asks rating agencies to be mindful of relative spending spree of economies

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RBI puts Rs 1,000 withdrawal cap on Deccan Urban Cooperative Bank

RBI has imposed a withdrawal cap of Rs 1,000 on customers of Deccan Urban Cooperative Bank and barred the Karnataka-based lender from granting fresh loans or accepting deposits.

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DATA STORY: India's active Covid cases up by 6,578 in 3 days, count now at 143,127

With 527,197 more vaccine shots being administered on Friday, the total number of people inoculated in India has reached 10,715,204 - that is 97.62% of its total caseload, and 0.7716% of population

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Three month gap between Oxford vaccine jabs provides better efficacy: Study

A three-month interval between doses of the Oxford Covid-19 vaccine results in higher vaccine efficacy than a six-week gap, according to a new study

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GST compensation shortfall released to states touches Rs 1 trillion

The ministry on Friday released the 17th weekly instalment of Rs 5,000 crore to 23 states and 3 Union Territories (Delhi, Jammu & Kashmir & Puducherry)

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Friday, February 19, 2021

Samsung Galaxy Buds Pro review: Best wireless earbuds for music and calls

The Galaxy Buds Pro is good for all-day usage, and at no point will it feel like a burden

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Unleash animal spirits; make India fastest growing economy: FM to India Inc

Finance Minister Nirmala Sitharaman on Saturday exhorted India Inc to unleash animal spirits and bring in fresh investment to make India one of the fastest growing economies of the world.

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Govt must respect, give due representation to pvt sector in progress: PM

PM Modi on Saturday made a strong case for repealing archaic laws and making it easier to do business in India stating that the centre and states need to work closely to boost economic growth

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Bitcoin climbs to record high of $56,620, ether hits fresh highs

The world's most popular cryptocurrency rose to an record $56,620, taking its weekly gain to 18%. It has surged more than 92% this year

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DBS faces lawsuits in India after takeover of Lakshmi Vilas Bank

DBS's Lakshmi Vilas acquisition was the first time the Reserve Bank of India turned to a foreign lender to bail out a local bank

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Facebook is back at the table again, has tentatively friended us: Australia

Facebook has publicly indicated no change in its opposition to a proposed law requiring social media platforms to pay for links to news content

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Latest news LIVE: Military commanders of India, China to hold talks today

Senior commanders of Indian and Chinese armies will hold a fresh round of high-level talks today to take forward the disengagement process. Stay tuned for Latest LIVE news

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Coronavirus LIVE: India active cases rise; Maharashtra sees 6,112 new cases

Coronavirus live updates: Maharashtra recorded over 6,000 cases in a single day. India's active Covid-19 cases are on the rise again

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Indian startups join hands to ensure dialogue with Centre for crypto market

On Saturday, Bitcoin touched a market capitalisation of $1 trillion, its highest ever, as the value of world's most popular cryptocurrency crossed an all-time high of $55,000 per coin

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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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Thursday, February 18, 2021

China admits 5 officers, soldiers killed in Galwan clash with Indian Army

Those killed included Qi Fabao, the regimental commander from the PLA Xinjiang Military Command, state-un Global Times quoted PLA Daily report as saying

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Stocks to watch: Bharti Airtel, IDFC First Bank, NMDC, Ambuja Cements, DLF

NMDC announced resuming mining operations at its Donimalai iron ore mine in Karnataka

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Bull Spread Strategy on Indian Oil Corp by Nandish Shah of HDFC Securities

The stock price of IOC has broken out on the daily chart (Adjusted for dividend) where it closed at highest level since March 2020 with higher volumes

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MARKET LIVE: SGX Nifty signals a weak start; aviation stks, telcos in focus

LIVE markets: Aviation stocks (Indigo, Spicejet) and telecom stocks (Airtel, Voda Idea) will react to their latest monthly air passenger traffic and subscriber data, respectively

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MARKET LIVE: SGX Nifty signals a weak start; aviation stks, telcos in focus

LIVE markets: Aviation stocks (Indigo, Spicejet) and telecom stocks (Airtel, Voda Idea) will react to their latest monthly air passenger traffic and subscriber data, respectively

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Latest news LIVE: Farmer protests continue; PM to launch projects in Kerala

Modi will inaugurate and lay the foundation stone of key projects of power and urban sectors in the poll-bound Kerala. Stay tuned for Latest LIVE news

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Coronavirus LIVE: India cases near 11 mn; Maharashtra sees 5427 new cases

Coronavirus live updates: Global Covid-19 cases have crossed 110.8-million mark. USA tally stands at 28,523,524

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Pumping in $33.8 bn so far this fiscal, FPIs' holding at record $592.5 bn

Inflows are highest since FY15

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Brent gives up gains after rising above $65 on Texas freeze

Prices also gained support from a larger-than-anticipated draw in the US crude oil inventories

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Combination therapy suppresses pancreatic tumor growth in mice

Researchers have uncovered a potential new way to target pancreatic tumors that express high intratumoral interferon signaling (IFN).

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'Classic triad' of symptoms misses positive COVID-19 cases, study finds

Extending the symptoms that trigger a PCR test for COVID-19 could help detect around a third more cases of the disease, new research shows.

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Cone snail venom shows potential for treating severe malaria

Using venom from a cone snail, a new study suggests these conotoxins may potentially treat malaria. The study provides important leads toward the development of new and cost-effective anti-adhesion or blockade-therapy drugs aimed at counteracting the pathology of severe malaria. Similarly, mitigation of emerging diseases like COVID-19 also could benefit from conotoxins as potential inhibitors of protein-protein interactions as treatment. Venom peptides from cone snails has the potential to treat myriad diseases using blockage therapies.

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Impact of COVID-19 in Africa 'vastly underestimated', warn researchers

The impact of COVID-19 in Africa has been vastly underestimated, warn researchers in a new study that showed that COVID-19 deaths accounted for 15 to 20 percent of all sampled deaths -- many more than official reports suggest and contradicting the widely held view that COVID-19 has largely skipped Africa and had little impact.

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Damage to the heart found in more than half of COVID-19 patients discharged from hospital

Around 50 percent of patients who have been hospitalized with severe COVID-19 and who show raised levels of a protein called troponin have damage to their hearts. The injury was detected by magnetic resonance imaging (MRI) scans at least a month after discharge, according to new findings.

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Learning from prostate cancer-detecting dogs to improve diagnostic tests

New research demonstrates the ability of dogs to detect aggressive prostate cancer from urine samples and suggests that an artificial neural network could learn from this olfactory ability, with an eye toward replicating it in novel detection tools.

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Radiological images confirm 'COVID-19 can cause the body to attack itself'

Muscle soreness and achy joints are common symptoms among COVID-19 patients. But for some people, symptoms are more severe, long lasting and even bizarre, including rheumatoid arthritis flares, autoimmune myositis or 'COVID toes.' A new has confirmed and illustrated the causes of these symptoms through radiological imaging.

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Top headlines: Rich PF investors may opt for debt funds, GST slab merger

Following the backlash it received for the update to its privacy policy in early January, WhatsApp will now let users take a better look at the changes that have been proposed. Read top news here

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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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The original antigenic sin: How childhood infections could shape pandemics

A child's first influenza infection shapes their immunity to future airborne flu viruses - including emerging pandemic strains. But not all flu strains spur the same initial immune defense, according to new findings published today. The results are relevant to the COVID-19 pandemic, according to the senior author, who says they may explain age-based distributions of SARS-CoV-2 disease severity and susceptibility.

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Gut microbiome implicated in healthy aging and longevity

The gut microbiome is an integral component of the body, but its importance in the human aging process is unclear. Researchers have identified distinct signatures in the gut microbiome that are associated with either healthy or unhealthy aging trajectories, which in turn predict survival in a population of older individuals.

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Pandemic got you down? A little nature could help

Researchers have long been aware of the positive impact of a connection with nature on psychological health and, according to a new study, the pandemic hasn't decreased the power of nature to improve mental well-being.

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Genetics may play role in determining immunity to COVID-19

Researchers report that individual immune response to SARS-CoV-2 may be limited by a set of variable genes that code for cell surface proteins essential for the adaptive immune system. The finding may help explain why COVID-19 immunity varies by individual.

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India's graduating students will find less jobs in 2021, says survey

Hiring by various sectors is likely to resume in 2021 after taking a beating in 2020

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Wednesday, February 17, 2021

Jaguar Land Rover to cut 2,000 jobs globally, full review underway

"We anticipate a net reduction of around 2,000 people from our global salaried workforce in the next financial year," it said

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Nomura prefers India over Korea; ups rating to overweight in Asia portfolio

The key standout for India, Nomura believes, is the solid consensus' earnings revision trends. Alongside a focus on reforms and measures to attract foreign direct investment (FDI) flows.

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Nomura prefers India over Korea; ups rating to overweight in Asia portfolio

The key standout for India, Nomura believes, is the solid consensus' earnings revision trends. Alongside a focus on reforms and measures to attract foreign direct investment (FDI) flows.

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Stocks to watch: Bharti Airtel, IndiaMart, Dish TV, GAIL, Ambuja Cements

Dish TV's board, on Wednesday, approved raising funds of up to Rs 1,000 crore

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Latest news LIVE: Farmers to hold rail roko today; Pondy govt in crisis

Farmers to hold a 'rail roko' across India from 12 pm to 4 pm today. Meanwhile, in Puducherry, Opposition has demanded a floor test for the Narayanasamy government. Stay tuned for Latest LIVE news

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Trading strategies for lead and crude oil by Tradebulls Securities

Lead is in overbought zone as RSI_14 is at 74, but there is no reversal chart pattern on the daily scale or divergence on momentum indicator

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Never-before-seen antibody binding, informing liver cancer, antibody design

In structural biology, some molecules are so unusual they can only be captured with a unique set of tools. That's precisely how a team defined how antibodies can recognize a compound called phosphohistidine -- a highly unstable molecule that has been found to play a central role in some forms of cancer.

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3D microscopy clarifies understanding of body's immune response to obesity

Researchers who focus on fat know that some adipose tissue is more prone to inflammation-related comorbidities than others, but the reasons why are not well understood. Thanks to a new analytical technique, scientists are getting a clearer view of the microenvironments found within adipose tissue associated with obesity. This advance may illuminate why some adipose tissues are more prone to inflammation - leading to diseases like type 2 diabetes, cancer and cardiovascular disorders - and help direct future drug therapies to treat obesity.

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New possibilities to prevent sudden cardiac death

An assistant professor of biomedical sciences has developed a better understanding of the pathological characteristics behind arrhythmogenic cardiomyopathy, as well as promising avenues for prevention.

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Medication keeps more patients with ANCA-associated vasculitis in remission than steroids

Avacopan, which targets a receptor that attracts the cells that cause inflammation, was shown to be more effective at keeping patients in remission for a year than prednisone.

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Toward a disease-sniffing device that rivals a dog's nose

A new system can detect the chemical and microbial content of an air sample with even greater sensitivity than a dog's nose. Researchers coupled this to a machine-learning process that can identify the distinctive characteristics of the disease-bearing samples.

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New link between personality and risk of early death

Ground-breaking research has revealed for the first time that the immune system directly links personality to long-term risk of early death.

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Proton therapy induces biologic response to attack treatment-resistant cancers

Researchers have developed a novel proton therapy technique to more specifically target cancer cells that resist other forms of treatment. The technique is called LEAP, an acronym for 'biologically enhanced particle therapy.'

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Do sweat it! Wearable microfluidic sensor to measure lactate concentration in real time

Lactate, a compound present in sweat, is an important biomarker to quantify during exercise. However, available wearable sensors can cause skin irritation, which calls for the use of different materials. In a recent study, scientists have developed a soft and nonirritating microfluidic sensor for the real-time measurement of lactate concentration in sweat. This wearable device will help monitor the state of the body during intense physical exercise or work.

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MARKET LIVE: SGX Nifty signals a positive start for Sensex, Nifty

LIVE market: Shares of companies like Dixon Technologies and Sterling Technologies will be in focus today after the government launched the PLI scheme for telecommunications and networking products

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MARKET LIVE: SGX Nifty signals a positive start for Sensex, Nifty

LIVE market: Shares of companies like Dixon Technologies and Sterling Technologies will be in focus today after the government launched the PLI scheme for telecommunications and networking products

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IndusInd Bank expects Rs 2k cr capital infusion on successful rights issue

The rights issue was necessitated to infuse residual capital into the bank in lieu of conversion of warrants issued to them in 2019 worth over Rs 2,695 crore into equity

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Most teen bullying occurs among peers climbing the social ladder

New findings suggest why anti-bullying programs don't work. A new study demonstrates that teens' rivals are often their own friends.

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Identifying 'ugly ducklings' to catch skin cancer earlier

A deep learning-based system enables dermatologist-level identification of suspicious skin lesions from smartphone photos, allowing better screening.

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Fish diet heats up marine biodiversity hotspot

A never-before-seen biodiversity pattern of coral reef fishes suggests some fishes might be exceptionally vulnerable to environmental change. It highlights, for the first time, a unique link between the diet and distribution of species across the marine realm.

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Researchers develop tiny sensor for measuring subtle pressure changes inside the body

Researchers have developed an extremely sensitive miniaturized optical fiber sensor that could one day be used to measure small pressure changes in the body.

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You snooze, you lose - with some sleep trackers

Wearable sleep tracking devices - from Fitbit to Apple Watch to never-heard-of brands stashed away in the electronics clearance bin - have infiltrated the market at a rapid pace in recent years. And like any consumer products, not all sleep trackers are created equal, according to neuroscientists.

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Top headlines: Sebi eases listing rules for large IPOs, Bitcoin hits record

A month into the Covid-19 immunisation drive, as many as 21 states and Union Territories (UTs) have not administered a single shot of Covaxin from Bharat Biotech. Read top news with Business Standard

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Tuesday, February 16, 2021

Stocks edge higher, bonds sell-off as investors bet on economic recovery

Bitcoin added to the bullish mood, briefly climbing above $50,000 for the first time

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Global stock markets set for the longest winning streak since 2003

But Indian indices slip from record highs in volatile session

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Twitter's battle with Indian govt gives boost to its local rival Koo

Koo, whose logo of a yellow chick bears a resemblance to Twitter's blue-and-white bird, was founded just a year ago and is a fraction the size of Twitter

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Twitter's battle with Indian govt gives boost to its local rival Koo

Koo, whose logo of a yellow chick bears a resemblance to Twitter's blue-and-white bird, was founded just a year ago and is a fraction the size of Twitter

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Jeff Bezos reclaims title of world's richest person after Elon Musk slips

Jeff Bezos, who'd held the title for more than three years until last month, reclaimed his No. 1 position with a net worth of $191.2 billion, or $955 million more than Musk

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MARKET LIVE: SGX Nifty signals a weak start; Nestle, Adani Ports in focus

Stock market live updates: Pasupati Spinning, Sanghvi Forging and Engineering, SR Industries, Uniply Decor and Uniply Industries are set to announce their quarterly earnings today

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Reliance Entertainment partners with Ribhu Dasgupta to form Film Hangar

Reliance Entertainment, with Film Hangar, has invested in creative leadership and put content-driven cinema right at the forefront

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Top headlines: Tatas to buy 68% in BigBasket, India Inc profit at new high

Cairn Energy has filed a case in a US district court to enforce a $1.2 billion arbitration award it won in a tax dispute against India, a co­urt document showed. Read top news with Business Standard

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Latest news LIVE: AP Gram Panchayat polls; Rahul to visit Pondy & more

AP Gram panchayat elections will be held for 220 panchayats in Krishna district. Meanwhile, PM Modi will inaugurate key projects in poll-bound Tamil Nadu today. Stay tuned for Latest LIVE news

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Coronavirus LIVE: 72% of active cases in India are from Maharashtra, Kerala

Coronavirus live updates: Only two states -- Maharashtra and Kerala -- contribute to 72 per cent of active cases of Covid-19, says health ministry. Global Covid cases have crossed 110-million mark.

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RBI permits residents to make remittances to IFSCs under LRS

The Reserve Bank on Tuesday permitted resident individuals to make remittances under the Liberalised Remittance Scheme (LRS) to International Financial Services Centres (IFSCs) in the country

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Radioactive bone cement may be safer in treating spinal tumors

A radioactive bone cement that's injected into bone to provide support and local irradiation is proving to be a safer alternative to conventional radiation therapy for bone tumors, according to a new study.

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Genetic study of Lewy body dementia supports ties to Alzheimer's and Parkinson's diseases

Scientists found that five genes may play a critical role in determining whether a person will suffer from Lewy body dementia, a devastating disorder that riddles the brain with clumps of abnormal protein deposits called Lewy bodies. The results also supported the disorder's ties to Parkinson's and Alzheimer diseases.

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Differences in walking patterns could predict type of cognitive decline in older adults

Researchers are studying how different patterns in the way older adults walk could more accurately diagnose different types of dementia and identify Alzheimer's disease.

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Individual differences in Achilles tendon shape can affect susceptibility to injury

Individual variation in the shape and structure of the Achilles tendon may influence our susceptibility to injury later in life.

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Internet access spending in public schools increases test scores, but also disciplinary problems

In a new study from the University of Notre Dame, researchers quantify how school district connectivity increases test scores, but underscore the dark side of technology -- increased behavior problems.

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Asthma may heighten flu risk and cause dangerous mutations

A subtype of asthma in adults may cause higher susceptibility to influenza and could result in dangerous flu mutations. Animal studies have found that paucigranulocytic asthma (PGA) - a non-allergic form of the condition - allows the flu virus to flourish in greater numbers in sufferers.

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Health survey conveys messages on how we should live

The questions in a health survey aimed at young people raise issues of status and convey norms about what people should own and how they should be. Since the 1980s, the physical and mental health of Swedish children and young people has been measured by way of surveys. One of these is the international "Health Behavior in School-aged Children Survey" which is taken by 11-, 13- and 15-year-olds every fourth year during a class in school.

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Cataracts: New model explains origins of the eye condition

Cataracts are the most common eye ailment in humans. However, the exact processes leading to this condition are not fully understood. A team of researchers has now discovered that the composition of the protein solution plays a decisive role. Their conclusions are contrary to prevailing opinion in the field.

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It takes two to tango: When cells interact

When normal, motile cells come into contact, they typically change direction to avoid collision. But cancer cells behave quite differently. A new statistical analysis sheds light on the basis for this difference.

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India's high priority should be to grow at 7-8%, says Bimal Jalan

Describing the Budget 2021-22 as "extremely good", former RBI governor Bimal Jalan on Tuesday said that India's high priority for now should be to grow at 7-8 per cent, and then give a "great preference" for employment rather than only investment.

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Early step toward leukemia drug therapy

The team has discovered that for acute myeloid leukemia (AML) patients, there is a dopamine receptor pathway that becomes abnormally activated in the cancer stem cells. This inspired the clinical investigation of a dopamine receptor-inhibiting drug thioridazine as a new therapy for patients, and their focus on adult AML has revealed encouraging results.

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Star employees get most of the credit - and blame

Working with a 'star' employee - someone who demonstrates exceptional performance and enjoys broad visibility relative to industry peers - offers both risks and rewards, according to new research.

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India on track for economic recovery in fiscal year ending March 2022: S&P

India needs many things to be right for its recovery to continue. Most significantly, the country needs to quickly and thoroughly vaccinate most of its 1.4 billion people

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SAT stays SEBI's ban on Kishore Biyani, other Future promoters from markets

SAT has directed Future Group promoters to deposit a sum of Rs 11 crore as an interim measure. The case will now come up on April 12, 2021

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Monday, February 15, 2021

Sustained marketing margins, recovering demand aid profitability of OMCs

The agency expects above long-term average MMs from FY22, which should aid GRMs in the short term

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SIS shares rally 9% as firm announces Rs 100 crore buyback plan

he firm has set the buyback price at Rs 550 per share which is 29 per cent higher than its previous close of Rs 426.15

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Samsung merges as top tablet vendor in Europe, Middle East, Africa in Q4

Samsung shipped 4 million tablets in the EMEA market in the October-December period for a 28.1 per cent market share

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Saudi pressures global firms to move to Riyadh as it challenges Dubai

From the start of 2024, the Saudi government and state-backed institutions will stop signing contracts with foreign firms that base their Middle East headquarters in any other country in the region

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India's recovery gathers pace on good agri show, falling Covid cases: S&P

India faces a permanent loss of output versus its pre-pandemic path, suggesting a long-term production deficit equivalent to about 10 per cent of GDP

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Bristol-Myers, Sanofi to pay Hawaii $834 mn over Plavix warning label

Bristol-Myers and Sanofi, which produced Plavix in a partnership, in a joint statement vowed to appeal, saying the decision was "unsupported by the law and at odds with the evidence at trial"

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DATA STORY: Active Covid cases down 9.7% in a day globally, 2% in India

With 435,527 more vaccine shots being administered on Monday, the total number of people inoculated in India has reached 8,720,822 - that is 79.82% of its total caseload, and 0.6281% of population

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PSBs jump on privatisation buzz; Bank of Maharashtra, IOB hit upper circuit

In February so far (till Monday), the Nifty PSU Bank index has rallied 16.4 per cent as compared to a 7.2 per cent gain in the benchmark Nifty50

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NMDC zooms 6% on report Credit Suisse initiates coverage, sees 45% upside

Credit Suisse has initiated coverage on the stock with an 'Outperform' rating. It also has a target price of Rs 162 on the stock

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Brookfield India REIT sees tepid listing, debuts at Rs 279 per share

The initial public offer by Brookfield REIT got subscribed 8 times on the final day of subscription

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Stocks to watch: Nestle, TCS, Titan, SIS, Poly Medicure, Brookfield REIT

Titan's subsidiary CaratLane Trading has incorporated a wholly-owned subsidiary 'StudioC Inc' and acquired 100 per cent of the total share capital worth $1,50,000

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MARKET LIVE: Indices at fresh high; Sensex up 300 pts, Nifty tops 15,400

LIVE market updates: All the Nifty sectoral indices, barring Nifty Pharma index, were trading in the green, led by Nifty PSU Bank index, up 2 per cent

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MARKET LIVE: Indices at fresh high; Sensex up 300 pts, Nifty tops 15,400

LIVE market updates: All the Nifty sectoral indices, barring Nifty Pharma index, were trading in the green, led by Nifty PSU Bank index, up 2 per cent

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Top headlines: All Jaguars to go electric, IT sector revenue to hit $194 bn

A month into the vaccination drive, which has covered more than 8.5 million so far, the health ministry has indicated that Covid-19 vaccines are not likely to be there in the open market anytime soon

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IND vs ENG LIVE SCORE 2nd Test Day 4: India on the brink of leveling series

England has a herculean task on its hands as it has to score 482 runs to win or bat out 180 overs to draw the Test. Check India vs England 2nd Test live cricket score and match updates here

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Latest news LIVE: FM to address post-Budget meeting of RBI's central body

Finance Minister Nirmala Sitharaman is scheduled to address the post-Budget meeting of the RBI's central board today. Stay tuned for Latest LIVE news

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World stocks look to extend bull run to 12th day on economic optimism

Oil prices soared to a 13-month high as a deep freeze due to a severe snow storm in the United States not only boosted power demand but also threatened oil production in Texas

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Coronavirus LIVE: India cases at 10,925,311; Maharashtra situation alarming

Coronavirus live updates: Maharashtra's daily Covid count remains above 3,000 for the seventh straight day. Over 8.5 million have been vaccinated in India

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Nureca initial public offering subscribed 5.73 times on first day

The firm is the home healthcare and wellness space

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WhatsApp case: For people, privacy matters more than firm's value, says SC

Centre, WhatsApp get notice over privacy standards

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States' fiscal deficit to narrow to 4.3% of GDP in FY22: Ind-Ra

The agency's earlier forecast for FY21 was 4.5 per cent. The revision was made due to a sharper-than-expected contraction of 6.1 per cent in the nominal GDP

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Dubai airport sees passenger traffic drop 70% amid Covid-19 pandemic

Airlines slashed their schedules and flights declined by more than 50 per cent with less than 80 per cent of seats filled

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Sunday, February 14, 2021

Amara Raja Batteries dips 8% on disappointing operational performance in Q3

The company announced capex of Rs 500 crore towards setting up lead acid recycling plant of 1 lakh tonnes per annum capacity and captive 280 MW solar power plant

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Fintech lending startup KreditBee raises $75 mn in Series C equity round

Bengaluru-headquartered fintech lending startup KreditBee has concluded its Series C equity round worth USD 75 million from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures consisting of both primary and secondary investment. "With a larger portfolio of loan products, our objective is to provide credit to over 180 million new-to-credit customers who were not provided formal credit earlier. This investment would help us take more positive steps towards achieving that," Co-Founder & CEO of KreditBee Madhusudan E said. The holding entity has previously raised over USD 43 million cumulatively in equity from investors including ICICI Bank and Arkam Ventures, it noted in a statement on Monday. Registered in March 2016, the group entity also holds Krazybee Services Private Limited, Systemically important non-deposit taking non-banking financial company (NBFC-ND-SI) registered with the Reserve Bank of India since May 2017. The group ...

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Tariff hikes by telcos set to ring in revenue growth in FY22: ICRA

ICRA expects total industry debt to remain elevated at Rs. 4.7 lakh crore as on March 31, 2022

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DATA STORY: India reports net increase in active Covid cases for a third straight day

With 21,437 more vaccine shots being administered on Saturday, the total number of people inoculated in India has reached 8,285,295 - that is 75.90% of its total caseload, and 0.5967% of population

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Nomura, Morgan Stanley bet on these stocks as Nifty Bank hits new record

The Nifty Bank index, which was the top performing index on the National Stock Exchange (NSE), jumped nearly 730 points, or 2 per cent, in the intra-day deals to hit a new 36,837 levels

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HLE Glascoat locked in 20% upper circuit on healthy Q3 performance

The company said that during the quarter it witnessed strong performance on the back of robust demand from the end user industry and increased efficiencies in the business

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Indian Angel Network plans to invest over Rs 100 cr in start-ups in 2021

IAN has invested in start-ups like FarEye, Fab Alley, HungryZone, Staqu etc. In 2020, IAN exited 3-4 companies after registering 15 times growth on the invested capital

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Deepak Nitrite surges 12% on strong operational performance in Q3

The consolidated Ebitda margin expanded 330 basis points (bps) to 27.4 per cent in Q3FY21

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Clariant Chemicals zooms 19% on strong Q3 results, dividend of Rs 50/share

The specialty chemical company reported the Profit before exceptional item & tax of Rs 19 crore for Q3FY21, as compared to loss before tax of Rs 3.1 crore in the year-ago quarter

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Oil prices rise on fears of heightened tensions between Saudi Arabia, Yemen

Hopes for more U.S. stimulus and an easing of coronavirus lockdowns helped support the rally, after prices gained around 5% last week

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Uttarakhand floods: Death toll rises to 53, over 150 missing; top updates

Uttarakhand flash flood: Since February 7, rescuers are trying to locate missing people, even as the death toll continues to rise. Track latest updates on Uttarakhand disaster

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Stocks to watch: Vodafone Idea, Tata Motors, ONGC, DHFL, Airtel, Power Grid

Tata Motors, on Friday, said it has appointed Marc Llistosella as its Chief Executive Officer and Managing Director

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IND vs ENG LIVE SCORE, 2nd Test Day 3 live action to begin from 9:30 am IST

India will resume from 54-1 on Day 3 with Rohit Sharma and Cheteshwar Pujara at the crease. Check India vs England live cricket score and match updates here

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Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The stock of Nestle India has witnessed a gradual correction and has consolidated near the 200-DMA level of 16,950, maintaining a decent support.

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Stock picks by Sameet Chavan: Buy Muthoot Finance, sell Bharti Airtel

With last week's smart rally, the daily chart now exhibits a 'Range Breakout' in Muthoot Finance

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Bitcoin approaches $50,000, wider adoption build its record rally

Bitcoin hit a new record high and approached $50,000 on Sunday, building on its record rally as Wall Street and Main Street increasingly adopt the world's biggest cryptocurrency.

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MARKET LIVE: Sensex, Nifty poised for gap-up open; ONGC, Voda Idea in focus

LIVE market: Investors will react to macro data and corporate results announced post market hours on Friday and during the weekend

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Coronavirus LIVE: India cases at 10,915,805; global tally nears 109.4 mn

Coronavirus live updates: Globally, nearly 109.4 million people have been infected by the virus and the death toll stands at 2,410,914

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Latest news LIVE updates: Odisha bandh, colleges to reopen in UP and more

The Odisha Pradesh Congress Committee has announced a statewide shutdown today to protest against the rising prices of petrol and diesel in the state. Stay tuned for Latest LIVE news updates.

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Top headlines: 10 Indian startups may get $10 bn in IPO, IBC set to resume

Bitcoin reached a new record on Sunday, rising above $49,000 for the first time. Read Business Standard's top stories here

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Bitcoin nears $50,000-mark as it hits a record in weekend action

Bitcoin has been buoyed in recent months by endorsements from the likes of Paul Tudor Jones and Stan Druckenmille

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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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World Coronavirus Dispatch: China slams US over WHO probe concerns

Hungary rolls out Sputnik V despite EU frown, Japan scrambles to find 11,000 doctors to administer vaccines, Auckland in three-day lockdown and other pandemic-related news across the globe

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India headed for self-reliance in defence production, says PM Modi

Modi, in a speech at Jawaharlal Stadium, paid his respects to paramilitary soldiers killed in a terrorist bomb attack in Pulwama, Jammu and Kashmir, in 2019

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Rail tracks to canal: Modi inaugurates projects worth Rs 4,400 cr in TN

Prime Minister hands over Arjun Main Battle Tank, developed in Avadi, to the Indian Army

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ONGC takes leaf out of Reliance's book, floats subsidiary to buy own gas

ONGC may use the new subsidiary to buy any new gas that the firm produces from fields such as KG-D5 in the Krishna Godavari basin, people with direct knowledge of the matter said

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FPIs invest Rs 22,038 crore in February so far amid post-Budget cheer

The government''s efforts in the Budget to bring the economy back on track have been lauded by investors, he added

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Saturday, February 13, 2021

ONGC takes leaf out of Reliance's book, floats subsidiary to buy own gas

ONGC may use the new subsidiary to buy any new gas that the firm produces from fields such as KG-D5 in the Krishna Godavari basin, people with direct knowledge of the matter said

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Non-life insurers direct premium rises by 6.7% in Jan at Rs 18,488.06 cr

The cumulative premium till January 2021 rose by 1.91 per cent to Rs 1,40,999.04 crore; stand-alone health insurers witnessed 8.04 per cent increase at Rs 12,108.73 cr

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Donald Trump indicates active public life after 2nd impeachment acquittal

Trump, a Republican, is the first-ever president to have been impeached twice and the first president to have faced impeachment after leaving office

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Bengaluru: 21-year-old activist arrested for sharing Thunberg's 'toolkit'

The Cyber Cell had lodged an FIR against "pro-Khalistan" creators of the "toolkit" for waging a "social, cultural and economic war against the Government of India"

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Omicron has cast a shadow of uncertainty on growth outlook: IndiGo CEO

However, the airline is stronger now when compared to situation in 2020 during the first wave of the pandemic, says Ronojoy Dutta from Com...