BUSINESS
'Elon Musk to make Tesla cars in Karnataka'
"American car company Tesla will set up its electric car division in Karnataka," State Chief Minister Yediyurappa said in a statement, which mainly aimed at appreciating the Union Budget that was presented by Finance Minister Nirmala Sitharaman on February 1.
SC: Consent by majority sufficient to wind up Franklin Templeton's 6 schemes
The Supreme Court on Friday rejected the objections to poll results and held that the unitholders of the six mutual funds schemes of Franklin Templeton have given their consent by majority to wind up the schemes which the mutual fund house had closed in April last year.
Base effect tapered Jan formulations market growth: Ind-Ra
The ratings agency opined that 4.5 per cent month-on-month (MoM) decline in the growth rate of the India formulations market during January 2021 was due to a volume decline, primarily in acute therapy products.
Strong demand, low inventory to support domestic steel prices: Report
As per the report, India's steel consumption grew 9 per cent year-on-year and 3 per cent month-on-month to 9.97 mt in January 2021. Notably, the growth came on a strong base period of January 20 which also witnessed demand growth of 9 per cent YoY.
Union Budget has set pace for self-reliant India: Sitharaman in Lok Sabha
While replying to the discussion on the Union Budget in the Lok Sabha, Sitharaman mentioned that there were various challenges before the government due to the Covid-19 pandemic and it focussed both on "stimulus plus reforms".
Diesel price rise highest in Delhi by 36 paise/litre
With this increase, the fifth consecutive this week, petrol is now priced at Rs 88.44 a litre and diesel Rs 78.74 a litre in the national capital. The petrol and diesel prices have increased 17 times in 2021 with the two auto fuels increasing by Rs 4.73 and Rs 4.87 per litre respectively, so far this year.
Favourable base effect lifts India's December industrial production
As per the Quick Estimates of Index of Industrial Production (IIP), the factory output grew by 1 per cent in December 2020 from a contraction of (-) 2.09 per cent in November and rose to 0.4 per cent during the corresponding month of the previous year.
Marc Llistosella to head Tata Motors from July
Llistosella was most recently the President and CEO of Fuso Truck and Bus Corporation and Head of Daimler Trucks in Asia. He succeeds Guenter Butschek, who has informed his desire to relocate to Germany at the end of the contract for personal reasons.
CCI could revisit its order approving Amazon-Future Coupons deal
The Competition Commission of India (CCI) could look again into its November 28, 2019 order approving the deal between Amazon and Future coupons. In its 2019 filing, Amazon did not disclose to the CCI that it had restricted the promoters of Big Bazaar and other companies to sell, partner or collaborate within any other retailer in India, when it invested in Future Coupons.
ICICI Videocon loan case: Chanda Kochhar granted bail by court
In November last year, the ED filed its first chargesheet in the ICICI-Videocon loan case, naming Chanda Kochhar, Deepak Kochhar, Videocon group chief Venugopal Dhoot and seven firms in a money laundering case.
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