Huawei on Wednesday expressed readiness to transfer its entire 5G technology to global partners, as the telecom giant faces pushback in various countries over its suspected ties to the Chinese government. Emphasizing the importance of open trade policies, CEO Ren Zhengfei said, “We are open to transferring all of our 5G technologies, not just licensing production to others".

Tesla and SpaceX CEO Elon Musk said on February 10 that he had bought Dogecoin - a cryptocurrency - for his newborn, further extending his support to digital currencies. "Bought some dogecoin for lil X, so he can be a toddler hodler," announced Musk on Twitter. According to The New York Times, the altcoin Dogecoin was created by Jackson Palmer in 2013.

Ruchi Soya Industries on Wednesday posted a net profit of Rs 227.44 crore for the Q3FY21. The company announced a net profit of Rs 7,617.43 crore in the year-ago period because of an exceptional gain of Rs 7,466.06 crore. The net profit in the third quarter of this fiscal year is up by 50% YoY if this exceptional gain is excluded. Total income stood at Rs 4,475.6 crore during the third quarter.

Mindspace Business Parks REIT announced a consolidated net profit of Rs 140 crore for the quarter ended December and declared a distribution of Rs 283.5 crore to unitholders. The company, which got listed on the stock exchanges in August 2020 during COVID-19 after raising Rs 4,500 crore through a public issue, had posted a net profit of Rs 68.4 crore in the previous quarter.

Oracle Corp and Walmart plan to buy TikTok's US operation is halted indefinitely, as president Biden will review the previous administration's efforts to address potential security risks from Chinese tech firms. The administration of former President Trump had cited national security concerns in its targeting of TikTok, arguing that the personal data of US users could be obtained by China's govt.

Micro-blogging app Koo has a Chinese investor Shunwei Capital on board who is on its way out, said Aprameya Radhakrishna, Co-founder and CEO of Koo. Radhakrishna further added, “Shunwei had invested in the earlier brand Vokal. We have pivoted our business and focused on Koo, they are on their way out. They are being bought out by other people. We are a truly Atmanirbhar Bharat app”.

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Magma Fincorp Ltd on Wednesday revealed that Serum Institute of India's CEO Adar Poonwalla-led company Rising Star Holdings will be acquiring the controlling stake in the company. The deal will rake place via a fresh capital raise of ₹3,456 through a preferential allotment, Magma Fincorp stated in a regulatory filing. Post issuance, the company's net worth will increase to over ₹6,300 crore.

Indraprastha Gas Ltd on Wednesday announced an 18% rise in Q3 net profit after city gas sales recovered after easing of coronavirus lockdown restrictions. Standalone net profit in Oct-Dec at Rs 334.87 crore compared with Rs 283.59 crore in the corresponding period in 2019. IGL retails compressed natural gas (CNG) to automobiles and piped natural gas (PNG) for cooking purposes for households.

Nazara Technologies, backed by big bull Rakesh Jhunjhunwala, raised Rs 100cr in funding from Instant Growth Ltd (IGL). The fund was raised just weeks after it filed its preliminary papers with markets regulator Securities and Exchanges Commission of India to float an initial public offering (IPO). It will be used towards forging alliances and acquisitions to firm its position in the gaming world.

India's soybean meal exports rose nearly six-folds to 3.36 lakh tonnes during January this year on higher demand in the global market. In January 2020, soybean meal exports stood at 58,000 tonnes, stated D N Pathak, the executive director of Indore-based SOPA. Indonesia (79,375 tonnes), France (70,500 tonnes) and Germany (48,765 tonnes) were among the largest importers of Indian soybean.

Metropolis Healthcare on Wednesday reported a 39.56% rise in its consolidated net profit to Rs 58.63 crore for the Q3FY21. The company had posted a net profit of Rs 42.01 crore for the corresponding period of the previous fiscal. Consolidated revenue from operations stood at Rs 274.77 crore for the quarter under consideration. The company directors declared an interim dividend of Rs 8 per share.

GSPL announced 8.24% growth in total revenues for the Q3FY21 on a consolidated basis at Rs3,339.67cr. Gujarat State Petronet is engaged in the transmission of natural gas through the pipeline from supply point to demand centres as well as distribution to the end customers. The consolidated profit after tax (PAT) for the Q3FY21 was up 47.8% at Rs470.45cr.

BEML Ltd announced 5.6% growth in total revenues for the Q3FY21 on a consolidated basis at Rs738.31cr. The company caters to the construction sector and that sector essentially saw some pick-up in the activity taking it back to pre-COVID levels. The defence business has also shown traction in the quarter. The consolidated PAT for the Q3FY21 increased 6-fold at Rs28.07cr.

Poco recently launched a budget phone in its M series- M3 in India. It went on sale for the first time yesterday (February 9, 2020), and received excellent reception among Indian consumers. The mobile company announced that it sold over 150,000 M3 units during its first sale on February 9 via Flipkart. The Poco M3’s price in India is set at Rs 10,999 for the 6GB/64GB variant.