Economy news

• Sensex, Nifty end at fresh record highs; TCS jumps 3%

  14-01-2021 12:26 via timesofindia.indiatimes.com
  
  Resuming its record-setting streak, equity benchmark sensex advanced 92 points on Thursday, led by gains in index majors TCS, Reliance Industries and L&T amid a positive trend in global markets.
  
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• ICICI iDelights New Year Bonanza: Top offers on electronics and consumer durables

  18-01-2021 11:08 via zeenews.india.com
  
  Customers can enjoy the benefits of these offers in the form of additional cashback and discounts, which can be availed using the Bank’s debit & credit cards, internet banking and Pockets.
  
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• Total acquires 20% stake in Adani Green Energy

  18-01-2021 10:51 via timesofindia.indiatimes.com
  
  French oil giant Total said Monday that it would pay $2.5 billion for a 20 per cent stake in India's Adani Green Energy Limited (AGEL), a major solar energy producer, as it diversifies away from fossil fuels into renewables.
  
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• Reliance to embed JioMart into WhatsApp: Report

  18-01-2021 10:51 via timesofindia.indiatimes.com
  
  Mukesh Ambani's Reliance Industries Ltd (RIL) plans to embed its ecommerce app JioMart into WhatsApp within six months, financial daily Mint reported on Monday, as the Indian conglomerate looks to ramp up its retail and grocery business in the country.
  
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• Don't join WhatsApp if not accepting new policy: High court

  18-01-2021 10:51 via timesofindia.indiatimes.com
  
  The Delhi high court on Monday said accepting the new privacy policy of social messaging app WhatsApp was a "voluntary" thing and one can choose not to use or join that platform if one did not agree with its terms and conditions.
  
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• ESG, elections, fiscal support: 6 macro factors to watch as India plans to vaccinate 30 crore people

  18-01-2021 10:25 via financialexpress.com
  
  If the year 2020 was truly a head-spinning year, a year like no other, 2021 will be an exhilarating albeit bumpy one.
  
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• France's Total acquires 20% stake in Adani Green Energy

  18-01-2021 10:20 via timesofindia.indiatimes.com
  
  French oil giant Total said Monday that it would pay $2.5 billion for a 20 per cent stake in India's Adani Green Energy Limited (AGEL), a major solar energy producer, as it diversifies away from fossil fuels into renewables.
  
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• Farm laws: Ambani, Adani caught in crossfire

  18-01-2021 10:20 via timesofindia.indiatimes.com
  
  Two of India’s richest men have landed in an unlikely controversy over farming laws, becoming targets of protesters who allege the tycoons have benefited from their close links to Prime Minister Narendra Modi.
  
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• Union Budget 2021: Need higher focus on demand revival, boost in growth engines to spur Covid-battered economy

  18-01-2021 09:51 via financialexpress.com
  
  Union Budget 2021: Need higher focus on demand revival, boost in growth engines to spur Covid-battered economy
  
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• Two of India's richest men caught in crossfire over farming laws

  18-01-2021 08:23 via timesofindia.indiatimes.com
  
  Two of India’s richest men have landed in an unlikely controversy over farming laws, becoming targets of protesters who allege the tycoons have benefited from their close links to Prime Minister Narendra Modi.
  
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• Samsung's Lee receives 30-month prison term

  18-01-2021 08:23 via timesofindia.indiatimes.com
  
  A South Korean court sentenced Samsung Electronics vice chairman Jay Y Lee to two and a half years in prison, the court said on Monday, which will have major ramifications for his leadership of the tech giant as well as Korea's views toward big business. With this, Lee will be sidelined from major decision making at Samsung Electronics as it strives to overtake competitors.
  
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• Samsung's Lee receives 30-month prison term in bribery trial

  18-01-2021 07:02 via timesofindia.indiatimes.com
  
  A South Korean court sentenced Samsung Electronics vice chairman Jay Y Lee to two and a half years in prison, the court said on Monday, which will have major ramifications for his leadership of the tech giant as well as Korea's views toward big business.
  
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• Deaths, self-immolation draw scrutiny on China cos

  18-01-2021 07:02 via timesofindia.indiatimes.com
  
  E-commerce workers who kept China fed during the coronavirus pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himself on fire in protest.
  
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• 7th Pay Commission latest news: Double dose of good news on dearness allowance! Govt taking big decision on unfreezing of DA, DR

  18-01-2021 06:56 via zeenews.india.com
  
  Dearness Allowance of lakhs of employees and pentioners has been put on hold since April 2020.
   
  
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• Indian Railway Finance Corporation IPO opens today: Here’s all about the first IPO of 2021

  18-01-2021 05:52 via zeenews.india.com
  
  In January 2020, IRFC had filed draft papers for its IPO.
  
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• Deaths, self-immolation draw scrutiny on China tech giants

  18-01-2021 05:49 via timesofindia.indiatimes.com
  
  E-commerce workers who kept China fed during the coronavirus pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himself on fire in protest.
  
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• China GDP grows 2.3% in 2020, slowest in 4 decades

  18-01-2021 05:49 via timesofindia.indiatimes.com
  
  China's economy grew at the slowest pace in more than four decades last year despite a rebound after the country's coronavirus outbreak, official data showed Monday.
  
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• Sensex drops over 200 points in early trade; Nifty slips below 14,400

  18-01-2021 05:47 via zeenews.india.com
  
  In a highly volatile opening session, the 30-share BSE index was trading 203.52 points or 0.42 per cent lower at 48,831.15.
  
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• Former NSEL CEO held for fictitious trading

  18-01-2021 05:30 via timesofindia.indiatimes.com
  
  The economic offences wing of Delhi Police arrested former CEO of National Spot Exchange Ltd (NSEL), Anjani Sinha in Mumbai on Sunday for fictitious trading on the exchange, creating false stocks.
  
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• Samsung chief faces corruption verdict

  18-01-2021 05:10 via timesofindia.indiatimes.com
  
  The de facto chief of South Korea's Samsung business empire faces the verdict Monday in his retrial over a sprawling corruption scandal, a ruling that could see him jailed for years, depriving the tech giant of its top decision-maker.
  
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• Petrol prices hit fresh all-time high: Check fuel prices in metro cities on January 18, 2021

  18-01-2021 05:05 via zeenews.india.com
  
  Petrol prices on Monday hit fresh all-time high in Delhi after state-owned oil marketing companies hiked rates by 25 paise.
  
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• Startups on new-age tech surge in India

  18-01-2021 05:00 via timesofindia.indiatimes.com
  
  A maturing ecosystem and tailwinds on the digital front due to Covid have expanded the ‘deep technology’ component of the Indian startup ecosystem. Deep tech includes the use of emerging and new-age tech such as AI, machine learning (ML), augmented & virtual reality, blockchain, robotics and 3D printing.
  
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• Ford shuts plant on chip shortage

  18-01-2021 05:00 via timesofindia.indiatimes.com
  
  Hobbled by the supply disruption of a critical part, Ford India’s factory in Maraimalai Nagar near Chennai is taking an extended shutdown of a week after Pongal. The plant, which closed on January 14 for a three-day Pongal shutdown, has extended it up to January 24.
  
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• New WhatsApp policy worries even companies

  18-01-2021 04:23 via timesofindia.indiatimes.com
  
  It’s not just consumers who are worried about WhatsApp’s policy changes. Businesses that use WhatsApp’s application programming interface, or API, to reach customers and deliver sensitive documents are also concerned about the changes, which would see deeper integration of the messaging platform with Facebook.
  
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• China economy grows 2.3% in 2020 as rebound from coronavirus gains

  18-01-2021 03:59 via moneycontrol.com
  
  China has re-imposed travel controls in some areas after a spate of COVID-19 cases in January but most of the country is unaffected.
  
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• China GDP grows 2.3% in 2020, slowest in more than four decades

  18-01-2021 03:52 via timesofindia.indiatimes.com
  
  China's economy grew at the slowest pace in more than four decades last year despite a rebound after the country's coronavirus outbreak, official data showed Monday.
  
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• Feel like migrating from WhatsApp? but is it really worth it?

  18-01-2021 03:30 via timesofindia.indiatimes.com
  
  Feel like migrating from WhatsApp? but is it really worth it?
  
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• Export recovery: Rivals Vietnam, China far outpace India

  18-01-2021 00:45 via financialexpress.com
  
  Trend exposes structural factors blunting India's competitiveness
  
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• Big jump in CPSE capex, Q3 matches H1

  17-01-2021 20:45 via financialexpress.com
  
  State governments have slowed down investments significantly in the current fiscal year and the Centre's Budget capex also looks constrained, due to the pandemic-induced revenue shortfalls.
  
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• 'Indian economy may contract 25% in current fiscal'

  17-01-2021 15:24 via timesofindia.indiatimes.com
  
  The Indian economy is not recovering as fast as the government claims and the country's economy may contract 25 per cent in the current financial year, noted economist Arun Kumar said on Sunday. Kumar further said that due to a big decline in the GDP during the current financial year, the budget estimates have gone completely out of gear and, therefore, there is a need to correct the Budget.
  
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