BUSINESS
Fuel prices break into new highs across country
Since fuel prices are benchmarked to a 15-day rolling average of global refined products' prices and dollar exchange rate, pump prices can be expected to remain northbound over the next few days even if crude hovers at the current level.
Airtel to acquire 20% stake in Bharti Telemedia from Warburg Pincus
The deal involves a total consideration of Rs 3,126 crore which will be discharged primarily via issuance of 3.64 crore equity shares of Airtel at a price of Rs 600 per share, and up to Rs 1,037.8 crore in cash, Bharti Airtel said in a regulatory filing.
Adani Ports acquires Dighi Port, earmarks Rs 10K cr for new gateway into Maha
With the acquisition, DPL has become the 12th port to join APSEZ's string of economic gateways across the eastern and western coast of India and would establish the company's footprint in Maharashtra
BCCI contemplating allowing fans in stadium for IPL: Sourav Ganguly
While dates are yet to be officially announced for the IPL's 2021 edition, it is expected to be held between the months of April and May. The player auction will be held on Thursday. Ganguly said that the Board of Control for Cricket in India (BCCI) was also keen on having crowds for India's first Test against England.
BigBasket says no comment on Tata Group's acquisition bid
TechCrunch earlier reported, citing sources, that Tata Group is buying over 60 per cent stake in BigBasket "in a deal that values the grocery platform between $1.8 billion-$2 billion". When contacted, Bigbasket said it does not have an official statement to share on the report.
Petrol, diesel remain most taxed products as consumers feel pinch
The government has maintained that the new cess is tax neutral as excise duty on petrol and diesel has been brought down by the same level and it would not have an impact on retail prices of auto fuels. However, it is worth noting that since February 1 (budget day), petrol and diesel prices have increased 11 times and are now expensive by Rs 3.24 per litre and Rs 3.47 per litre respectively.
Petrol, diesel prices rise close to Rs 3/l in 9 days
Accordingly, oil marketing companies raised the pump price of petrol and diesel by another 25 paise per litre in Delhi. With this increase, petrol is now priced at Rs 89.54 a litre and diesel Rs 79.95 a litre in the national capital.
Equity indices fall, Sensex gives up 52K-mark
The top gainers on the Sensex so far were State Bank of India, NTPC and Bajaj Auto, while the major losers were Nestle India, IndusInd Bank and Kotak Mahindra Bank. The Nifty50 on the National Stock Exchange was trading at 15,211.95, lower by 101.50 points or 0.66 per cent from its previous close.
China becomes EU's biggest trade partner in 2020
According to the EU's statistical service, the bloc's imports from China throughout the year 2020 grew by 5.6 per cent year-on-year to 383.5 billion euros (US $465 billion), and exports grew by 2.2 per cent to 202.5 billion euros.
Jeff Bezos back as world's richest man as Elon Musk loses $4.6B
Tesla shares were down 2.4 per cent on Tuesday and Musk lost $4.6 billion, slipping to the second position on the Bloomberg Billionaires Index, a ranking of the world's 500 wealthiest people. Bezos returned as the world's richest man with a net worth of $191.2 billion.
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