Monday, Mar 01, 2021 | Last Update : 07:38 PM IST
Columns
The only problem with the hot weather is that all chances of social distancing are gone!
What it takes to keep the ceasefire in place without violations is the existence of a conducive political and diplomatic environment
Lack of sleep not only fuels fatigue, however, and bodily dissonance, it could also introduce a psychological kink
Why didn’t Pakistan take advantage of the Sino-Indian stand-off?
Economy
GST collections cross Rs 1L crore for the first time after COVID-19 hit India
The revenues collected for the month are 10 per cent higher than the GST revenues in the same month last year
Centre writes to states on options of borrowing money to meet GST revenue shortfall
Compensation payment has been an issue since August 2019 with GST collections faltering. I
Manufacturing PMI expands to 13-year high in October, signals economic recovery
The survey, however, showed that the Asia’s third-largest economy was signalling a fast recovery
Hospitality industry sees signs of revival in September
Revenue per available rooms grew 12 to 14 per cent month-on-month to Rs 815 – Rs 935, as per the data from HVS and Anarock.
Not out of the woods yet: IMF chief warns second wave of virus could disrupt economies
Activity has started to gradually strengthen, but we are not out of the woods yet, Georgieva said in a message to G20 finance ministers
Market
Gold price rises to Rs 54,830, silver falls to Rs 66,855 per kg
In the international market, gold was quoting marginally lower at USD 1,975.4 per ounce, while silver was flat at USD 24.31 per ounce
Six of 10 most valued companies lose Rs 1.38 lakh crore in m-cap; RIL top loser
The market valuation of Reliance Industries Limited (RIL) plunged by Rs 50,239.78 crore to Rs 13,10,323.21 crore
Sebi to relax public shareholding norms for firms under insolvency
Sebi has sought views of public and market intermediaries till September 18 in this regard
Oil prices struggle to hold five-month high amid growing demand fears
Investors remained wary of rising refined product inventories at a time when US bankers said rise in cases was slowing the economic recovery
Companies
Amazon may buy 40% stake In Reliance Retail for $20 billion
Amazon has held talks about investing in Reliance Retail and expressed interest in negotiating deals but has made no decision, report said
Reliance to acquire Future Group's retail business for Rs 24,713 crore
Reliance’s retail operation runs close to 12,000 stores, including a cash-and-carry wholesale business, in over 6,700 towns and cities
When things go back to normal, pharma may come down to earth
The healthy performance in Q1FY21 is attributed to strong revenue growth in the API business
SAIL planning to set up India's first gas-to-ethanol plant in Chandrapur
It would cost around Rs 400 crore for to set up the plant, of which 20 per cent 'viable gas funding' will be provided by the government
After Amazon, Flipkart partners with Diageo-backed HipBar for alcohol delivery
Flipkart and Amazon’s interest in delivering alcohol in India marks a bold move to make inroads into alcohol market worth $27.2 billion
Autos
Ducati India open bookings for 2020 Panigale V2 ahead of launch
Unlike the outgoing model, the Panigale V2 features a single-sided X and a moulded around refined monocoque frame, the company said
Fiat Chrysler, PSA merger to impact Indian car ops
Auto analysts said there would certainly be leveraging of synergies between the two in this promising but highly competitive automobile market.
India's auto sales volume will take 3-4 years to recover: SIAM
“Production has been slow to pick up due to supply chain disruption and weak demand,” said Rajan Wadhera, president, SIAM
Bajaj Auto focuses on exports as India battles COVID-19 pandemic
Between January and June, it exported 6,64,000 motorcycles while selling 5,89,000 in India, company data showed
In Other News
Landline to mobile calls get zero prefix
DoT accepts Trai’s recommendation; Decision will come into force from January 1
DGCA extends ban on international passenger flights till September 30
The circular said suspension does not affect the operation of international all-cargo operations and flights specifically approved by DGCA
Demand for office space leasing falls 73% in first six months amid cramped supply
Vacancy levels rose to 20 per cent during the first half of 2020
ICICI Bank-Videocon case: Deepak Kochhar sent to ED custody till September 19
Officials said Deepak Kochhar was placed under arrest as agency wants to put him under custodial interrogation to obtain more details
Telecom operators' buck COVID-19 slowdown, reports strong revenue: Fitch
Data traffic surged by 20 to 30 per cent as the lockdown increased demand for data connectivity