BUSINESS
Tesla, Ford only carmakers not gone bankrupt: Elon Musk
Tesla reported another profitable quarter as revenue hit $10.74 billion in the fourth quarter of 2020. In last year, Tesla achieved free cash flow of nearly $2.8 billion after spending more than $3 billion on building new factories and other expenditures.
Jack Dorsey puts his 1st tweet on sale, bid reaches Rs 2 crore
Dorsey tweeted with a bidding link to NFT (non-fungible token) through a platform called Valuables. NFT is a digital good on the Ethereum blockchain. The NFT refers to a unit of currency on the Blockchain, the way cryptocurrency like Bitcoin is bought and sold.
Gold futures lose shine, down 20% from record highs
The fall in gold prices has taken place amid hopes of economic recovery post the reopening of business activities along with vaccination drives across the globe. The recent decline comes largely on the back of high yields in US bonds.
Petrol, diesel prices steady even as crude boils
Petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the capital on Saturday. Across the country too, the petrol and diesel price remained unchanged. This is seventh consecutive day when pump prices of auto fuels have remains unchanged.
Julius Baer upgrades India, says it will be fastest-growing major economy in 2021
"An economic recovery is underway, and we look for 9% y/y GDP growth this year, followed by 7% next year. We look for earnings per share to grow on average over 25% over the next 3 years. It would be unprecedented for the stock market to fall in an environment of such strong growth," it added.
OYO Hotels & Homes valuation reaches $9 billion
With over 50 products and more than 500 microservices, the company plans to utilise the capital in strengthening its technology stack for delivering an improved partner and customer experience.
Reliance will bear full cost of vax for employees & families: Nita Ambani
Nita Mukesh Ambani, Founder and Chairperson, Reliance Foundation in a letter to members of the Reliance family said, "In our Reliance Family Day 2020 message, Mukesh and I had personally assured you that as soon as any approved Covid 19 vaccine is available in India, we will do our best to plan early vaccination for all Reliance employees and family members. We remain committed to this goal and to contributing to our nation's collective ability to end the coronavirus pandemic as soon as possible."
PM Modi stresses on lesser govt intervention in business
Modi said that with its view of ease of doing business, the government has been stressing on self-regulation, self-attesting and self-certification. Stressing that both government policies and strategy are clear in terms of the manufacturing sector, he said that its motto is minimum government and maximum governance.
Sensex down 400 points, Nifty below 15,000
Selling pressure was witnessed in banking, finance and metal stocks, while buying took place in oil and gas and energy stocks. The top gainers on the Sensex were ONGC, NTPC and Maruti Suzuki India while IndusInd Bank, ICICI Bank and State Bank of India were the major losers.
Petrol at Rs 75 and diesel Rs 68 a litre in FY22 if taxation shifts to GST: SBI Ecowrap
Under this model, the economists said that uniformity of taxes is ensured across the country while it also brings down the burden of taxes on the common man by almost Rs 10-30 depending on the product consumed and the state in which it is consumed.
Don't Miss
Advertisement