Nifty Analysis for tomorrow: March 2021

Wipro to acquire Ampion for $117 million

The acquisition of Ampion is an important step for Wipro in this direction, and strengthens the commitment towards clients and stakeholders in Australia and New Zealand (ANZ), Wipro said in a regulatory filing.

Toyota Kirloskar sells 15,001 units in March, its highest dispatch during March in 8 years

The automaker had sold 7,023 units in March 2020, amid a nationwide lockdown due to the COVID-19 pandemic.

JSW Steel begins hot-rolled plates production at Dolvi Works plant

The production at the said plant began from Wednesday, JSW Steel said in a BSE filing. "On March 31, 2021, JSW Steel has commenced production of hot-rolled plates from the new 5 MTPA hot strip mill facility at its Dolvi Works," it said.

Here come hot desks and Zoom rooms. And holograms?

Workplaces are being reimagined for activities benefiting from face-to-face interaction, including collaboration on projects and employee training, as a way to promote a companyâ€™s culture and identity.

Coronavirus News Live Updates: Union Minister Piyush Goyal takes his first dose of the COVID-19 vaccine at AIIMS

Coronavirus News Live Updates: Today is the 373rd day since India implemented a nationwide lockdown to help curb the novel coronavirus pandemic.

Elon Muskâ€™s Starlink internet service faces #39;regulatory hurdles#39; in India: Report

The Broadband India Forum, an industry body, has called on TRAI to block Starlink#39;s beta services in India for not meeting regulatory requirements.

Coronavirus News Live Updates: India records 72,330 new cases, highest single day rise

Coronavirus News Live Updates: Today is the 373rd day since India implemented a nationwide lockdown to help curb the novel coronavirus pandemic.

RBI orders forensic audit of MobiKwik#39;s systems after alleged data leak

RBI has reportedly ordered an immediate forensic audit of the MobiKwik#39;s systems by a certified auditor.

Lottery Sambad Result April 1: #39;Dear Bangabhumi Bhagirathi#39; winners to be announced at 4 pm today

Lottery Sambad Result: The first prize winner of the #39;Dear Bangabhumi Bhagirathi#39; lottery will take home Rs 50 lakh. The second prize is Rs 9,000, the third prize is Rs 500 and the fourth prize is Rs 250. The fifth prize is Rs 120 and there is also a consolation prize of Rs 1,000.

Government withdraws small savings scheme rate cut

The finance minister added that orders issued by oversight shall be withdrawn.

Kerala lottery Result: #39;Karunya Plus KN-362#39; lottery winners to be announced today at 3 pm

Kerala Lottery Result: The first prize winner of the Kerala state lottery #39;Karunya Plus KN-362#39; will take home Rs 80 lakh. The second prize winner will get Rs 10 lakh and the third prize winner will get Rs 1 lakh. The winner of the consolation prize will get Rs 8,000.

Coronavirus News Live Updates: Maharashtra govt slashes RT-PCR test rates

Coronavirus News Live Updates: Today is the 373rd day since India implemented a nationwide lockdown to help curb the novel coronavirus pandemic.

Centre extends PLI scheme to food processing sector, announces Rs 10,900 crore worth of benefits

PLI scheme for food processing sector: Union Minister Piyush Goyal said that the allocation was made for the next six years and is expected to see employment generation of more than 2.5 lakh across the country.

SBI raises $1 billion loan from JBIC to help COVID-hit Japanese auto companies in India

In October 2020, SBI had signed an agreement to raise a loan of USD 1 billion and the latest borrowing takes the total quantum of loans raised from JBIC to USD 2 billion, SBI said in a statement.

RTGS fund transfer: Charges, timings, benefits, and other important details about the facility

Processing of instructions at the time they are received is known as Real time and gross settlement means the settlement of funds transfer instructions occurs individually.

Digital payments: Here are the 5 safety tips you can follow for safe, secure transactions

As cybersecurity breaches are increasing day by day, these payment methods are very convenient and secure but it iss best to exercise caution when you make online payments.

Thomson enters air cooler category in India, plans to capture 15 percent market in 2 years

Thomson products will be priced at Rs 5,999 for the window cooler and Rs 7,999 and Rs 9,499 for the desert coolers respectively.

Maruti Suzuki partners Karnataka Bank for vehicle financing solutions

The company said it has signed a Memorandum of Understanding (MoU) with the Mangaluru-headquartered private sector lender. Customers can avail the benefits across 858 branches of Karnataka Bank at metro, urban, semi-urban and rural locations.

Aegon Life Insurance launches #39;Work from Anywhere#39; policy

This policy will allow these employees to work from anywhere in India.

Chinese e-tailer Club Factory may invoke #39;force majeure#39; after ban in India: Report

Club Factory is of the view that the Indian government#39;s ban on a number of Chinese apps in June 2020 was beyond the company#39;s control.

Need to get a credible bank as replacement for IDBI Bank: Ageas Federal Life CEO

Since IDBI Bank is now owned by LIC, it wonâ€™t be selling Ageas Federal insurance policies anymore. Ageas acquired an additional stake of 23% from IDBI Bank in Ageas Federal Life Insurance for around Rs 460 crore. Now, Ageas holds 49% in the insurer, and Federal Bank 26%.

Banks to cancel auto-debit facility from April 1: Here are payments that will be impacted

Auto-initiated payments for mobile phone, broadband, DTH, electricity, water and other utilities bill will be cancelled starting April 1.

Coronavirus News Live Updates: Random COVID tests of travellers to begin at Delhi airport today

Coronavirus News Live Updates: Today is the 372nd day since India implemented a nationwide lockdown to help curb the novel coronavirus pandemic.

SpiceJet ties up with Avenue Capital for sales lease-back of up to 50 new aircraft

The memorandum of understanding, signed between the two partners, sets out the next steps and conditions upon which Avenue will assist with placing of SpiceJet#39;#39;s new aircraft portfolio including sale and lease-back of and also assumption of ownership of potentially up to 50 of these aircraft, the company said in a statement.

Vistara to extend gate-to-gate luggage delivery service to Hyderabad, Bengaluru

The airline started the pilot phase of this service in partnership with luggage transfer company CarterX on its Delhi-Mumbai flights from March 13, said its spokesperson in a statement.

Sterling and Wilson Solar US arm bags Rs 890 crore order

"Sterling and Wilson Solar Solutions, Inc (SWSS), the US subsidiary of Sterling and Wilson Solar Limited (SWSL), has signed an order worth USD 121.7 million (Rs 890 crore) in the pacific north-west region of the United States of America," a company statement said.

Kalpataru Power Transmission bags new orders worth Rs 625 crore

The company said it has won orders in power transmission and railways business.

Volkswagen SUVs | Taigun, Tiguan, T-Roc, Tiguan Allspace: All you need to know

Volkswagen is readying the introduction of four SUVs; one of which is the all-new Taigun. Here are all the details about these machines

Coronavirus News Live Updates: India records 53,480 new COVID-19 cases, 354 deaths

Coronavirus News Live Updates: Today is the 372nd day since India implemented a nationwide lockdown to help curb the novel coronavirus pandemic.

Why AU Small Finance Bank will continue to command a premium

Given the strong highway of growth ahead, any weakness due to volatility in the broad market is an opportunity to add AU for the long term

Foreign lenders demand personal guarantees from Shapoorji Pallonji after SC order: Report

Reportedly, the demand for guarantees was made after the Supreme Court order set aside the December 17, 2019, NCLAT order.

Centre might extend Vivad se Vishwas scheme to settle Cairn Energy tax case: Report

In December 2020, a Dutch tribunal had ruled that the Indian government should pay damages worth $1.2 billion to Cairn Energy.

Grofers to cover COVID-19 vaccination cost for employees, families, contractual staff

Grofers will cover the vaccination cost for its employees, their family members (including, parents, spouse, and two children) and the company#39;#39;s contractual workforce, a statement said.

Close to 3 million people in India acquired digital skills during COVID-19: Microsoft

Microsoft Corp is also extending its commitment to help 250,000 companies globally make a skills-based hire in 2021, a statement said.

Coronavirus News Live Updates: Mumbai sees 4,758 COVID-19 cases; doubling rate now 50 days

Coronavirus News Live Updates: Today is the 372nd day since India implemented a nationwide lockdown to help curb the novel coronavirus pandemic.

Vistara to roll back pay cut for select staff categories from April

Vistara will not be paying any annual increment in April this year but will review it in October based on the airline#39;s financial position in the first two quarters of the new fiscal year, he informed the employees.

Tata Power bags orders to develop 60 MW solar project in Gujarat

The energy will be supplied to GUVNL under a power purchase agreement (PPA), valid for a period of 25 years from scheduled commercial operation date, the company said.

Investor wealth jumps over Rs 6 lakh crore in two trading days

The 30-share BSE index on Tuesday closed at 50,136.58, an increase of 1,128.08 points or 2.30 percent. During the day, it gained 1,259.95 points to touch 50,268.45.

Huge auction in WABCO post OFS as bears trapped in Wendt-style ambush

The huge auction comes close on the heels of Wabco Indiaâ€™s offer for sale (OFS) issue, in which the promoters sold around 24 lakh shares. The issue was open for bidding on March 25 and March 26 with a floor price of Rs 5,450, an 11 percent discount to the last traded price.

TCS renews tie-up with UK#39;s Nationwide Building Society to strengthen operational resilience

With the strategic partnership, Nationwide will be able to leverage TCSâ€™ complete range of services to transform its strategic applications and IT infrastructure.

RBL Bank partners UK fintech to serve the banking needs of Indian SMEs

Tide is a leading UK-based fintech which is set to launch in India as its first overseas market.

India#39;s inflation #39;uncomfortably high#39;: Moody#39;s Analytics

Higher fuel prices will keep upward pressure on retail inflation and keep the RBI from offering further rate cuts, said Moody#39;s Analytics, a financial intelligence company.

BioNTech raises COVID vaccine output goal to 2.5 billion doses

"The increase is driven by the optimisation of production processes, the recent initiation of production at BioNTech#39;s Marburg, Germany facility, regulatory approval for six dose vials, and the expansion of our manufacturing and supplier network," BioNTech said in a statement.

One virus, one stuck ship spark global trade rethink

Against this backdrop, governments and businesses alike are bringing production back home where it may be more expensive but at least is more secure.

Xiaomi announces smart EV business, to invest $10 billion over ten years

The company#39;s move into the EV industry follows similar steps by other tech giants, both in China and overseas.

Auto companies set to hike prices of cars, bikes, for second time in four months

Spiraling domestic steel and aluminum prices force manufacturersâ€™ hands; the latest increase might not deflate the demand surge, say market watchers

India#39;s 2021 economic output likely to remain below 2019 level: UN report

India, according to the #39;Economic and Social Survey of Asia and the Pacific 2021: Towards post-COVID-19 resilient economies#39;, is estimated to record an economic growth of 7 percent in 2021-22, over a contraction of 7.7 percent witnessed in the previous fiscal on account of the pandemic#39;s impact on normal business activity.