Mutual fund houses are busy lining up index funds. Should you invest?
AMCs like Nippon, ICICI Prudential, UTI, L&T, JM and IDFC are in queue to launch passive schemes ranging from bank ETFs and IT ETFs to mid and small cap index funds.
DGCA picks five consortiums to take its drone plan airborne
The move is part of the Directorate General of Civil Aviation’s (DGCA) beyond visual line of sight (BVLOS) drone experiments, for which it had sought expressions of interest in May last year. Nandan Nilekanibacked ShopX and SpiceJet’s cargo unit SpiceXpress are among five consortiums selected by India’s civil aviation authority.
Not enough EV sales yet to build viable finance plan, say lenders
Financiers said electric car sales must show up sufficiently on the dashboard for them to build a viable finance plan. For the personal buyer, car prices range anywhere between Rs 12 lakh and Rs 20 lakh. Financiers believe that the consumer would default because of the high prices, making it difficult for a financier to sell the attached vehicle.
ZEE falls 3% post Q3 results, but analysts say valuations compelling
A couple of brokerages still believe the stock can be a good buy call, given its cheap valuations.
New low-cost iPhone to enter mass production in February
The Cupertino, California-based company is expected to officially unveil the new phone as early as March, one person familiar with its road map said. The assembly work for the new handset will be split among Hon Hai Precision Industry, Pegatron Corp. and Wistron Corp., the people added.
Focus on investment and exports to revive investment, economic cycles: Kiran Mazumdar Shaw
In order to restore confidence among private players, government has to bridge the trust deficit. We need consistency in policy because I do not think we should be flip-flopping and that is what investors want to see in any economic climate.
Ghost Kitchens buys stake in restaurant brands QSR, Eathos
Ghost Kitchens will provide capital, infrastructure, backend, marketing, and administration services to the two brands. It also plans to scale them up across multiple geographies over the next few months.
CLSA has buy on GAIL India, target price Rs 180
Any plans of unbundling gas transmission may be positive in the short term as the demerged valuation may be much higher than implied by its current stock price.
On eve of SC hearing, Shaheen Bagh women fast, write postcards to CJI
The women wrote postcards in Hindi, English and Urdu, describing how statements on NRC made them fear the future of their children. “When former President Fakhruddin Ali Ahmed’s family could not prove its nationality, how will we common Muslims manage,” asked one of the 5,000 postcards addressed to CJI SA Bobde.
India should become a content exporter: Crypt TV Founder
Davis, who entered into a content alliance with producer Vikram Malhotra’s Abundantia Entertainment last year, is on his second visit to India and plans to meet with Indian scriptwriters and directors along with Malhotra.
Apple lawsuit tests if an employee can plan rival startup while on payroll
Apple filed the lawsuit in Santa Clara County Superior Court against Gerard Williams III, who left the company last year after more than nine years as chief architect for the custom processors that power iPhones and iPads to start Nuvia Inc, which is designing chips for servers.
Census 2021 aims at near-accurate enumeration of Dalits & tribals
The instruction manual of the Census 2021 has a code directory that has enlisted and given a specific code to every SC and ST community in every state and UT. Unlike in 2011, when enumerators were asked to write down the community name of the SC or ST respondent, this time every sub caste and tribe has been pre-coded and the data collector will enter the code of the caste in the form, along with the name.
India plans to mandate cyber security measures for power grids
Grid operators and regulatory agencies will need to have a continuity plan handy in the event of a cyber attack, according to draft rules published by the Central Electricity Regulatory Commission. The move is part of a overhaul of the decade-old guidelines.
Gold eases as markets assess risks from China virus
US gold futures were down 0.3 per cent at $1,553.30.
Cairn India hunts for big oil partner via stake sale
Cairn is the country’s largest private sector oil and gas producer accounting for nearly a quarter of India’s total domestic crude oil production and Vedanta may look to dilute up to 25% to raise a minimum of $1.5-2 billion (Rs 10,500-14,100) through this “value unlocking” exercise.
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