Tata Group may develop and manufacture a full military-grade aircraft. The conglomerate has acquired intellectual property (IP) rights for a German-origin platform. The plan is to integrate indigenous sensors and payloads to convert it into an intelligence-gathering asset, the report said. Such aircraft are typically developed and manufactured by state-run Hindustan Aeronautics Ltd (HAL).

IndusInd Bank Limited on Friday announced a consolidated Net Profit for the quarter ended December 31, 2020, at Rs830cr as compared to Rs1,309cr during the corresponding quarter of the previous year, de-growth of 37% YoY. Sequentially, the Net Profit for the quarter increased by 25% over the quarter ended September 30, 2020. The company stock was in demand during early trade on Monday.

The Rajasthan government has decided to reopen schools from Class 6 to 8 from next Monday. However, students and the school committee should comply with the coronavirus-related guidelines. At the same time, colleges for first-year and second-year students, multiplex, theatre, cinema halls and swimming pools will also open, and 200 people will be allowed in social functions instead of 100.

L&T Finance opens Rs2,998.61cr Issue on February 1, 2021. The company will issue up to 46,13,25,021 equity shares for cash, at a price of Rs65 per equity share not exceeding Rs2,998.61cr on a rights basis. The equity shares will be offered in the ratio of 17 Equity Share for every 74 Equity Share held by the eligible equity shareholders of the L&T Finance Holdings as on the record date, Jan 22.

Former White House senior adviser Jared Kushner and his deputy, Avi Berkowitz, received nominations for the Nobel Peace Prize. They bagged this role for negotiating four normalization deals between Israel and Arab nations known as the "Abraham Accords". Alan Dershowitz, American attorney on Sunday nominated the pair of former deputies to then-President Donald Trump.

Lupin is considering a plan towards entering the Chinese market in the next one year. last March, a management team was scheduled to visit China to explore prospects. This, however, could not happen due to the pandemic. Drugmakers Sun Pharmaceutical Industries and Dr Reddy's Laboratories (DRL) already have a presence in China.

Here are the expectations from the Rail Budget-21: [1] The Ministry of Railways may seek GBS of about Rs 75,000 cr, [2] There might be some announcements related to high-speed private trains, [3] The outlay for Railways is pegged out at Rs 1,80,000 crore for 2021-22 to the Ministry of Finance, [4] The Centre may allocate some funds for bullet train projects, [5] New announcements of Tejas trains.

US hedge funds in the previous week bought and sold the most stock in more than 10 years amid wild swings in GameStop Corp shares that many had bet against, but their market exposure to stocks is still near record levels, the analyst team in Goldman Sachs Inc reported. Funds in hedge funds coverage sold long positions and covered shorts in every sector.

Oil prices edged higher on Monday after a weak start, holding on to the past three months of gains, although patchy coronavirus vaccine rollouts, new infections and the discovery of new variants are keeping a lid on prices. Brent crude futures were up 10 cents at $55.14 a barrel by 0233 GMT, while U.S. West Texas Intermediate (WTI) gained 1 cent to $52.21.

Six straight days of selloff put bears in the driver's seat ahead of Budget 2021. The market capitalisation of BSE-listed companies has dipped by over Rs 11 lakh crore from the closing of January 20. The average market-capitalisation of BSE-listed companies fell from Rs 197.70 lakh crore registered on January 20 to Rs 186.12 lakh crore as of January 29.

TCS and Wipro witnessed robust growth in business from India, helped by higher spending by local clients on technology as they emerged stronger after the disruption caused by the pandemic. While TCS posted nearly 18% growth in India business during the fiscal third quarter, Wipro saw a near 14% expansion in its India State Run Enterprises (ISRE) business.

Mumbai local train services will resume for all the commuters from February 1. Union Railways Minister Piyush Goyal, on January 29, announced in this regard after the Maharashtra government proposed to resume the services for all commuters. After the Covid outbreak, travel by local trains, thought to be the life-line of Mumbai and its suburbs, was severely restricted for passengers.

Crypto entrepreneurs are hitting the panic button as the govt considering to outlaw private e-money deals ahead of India’s official digital currency launch. The Centre will introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, in the ongoing budget session. It is aimed at paving the way for the eventual introduction of digital money by the country’s central bank.

If history is any indication then there is a 70% chance that the budget will swing the market mood. An analysis of market performance in 7 days ahead & post the Government announcing its annual financial statement, shows there is usually a switch in sentiment. This is no happenstance because the change in market performance has happened in 2013, 2014, 2016, 2018, 2019, & 2020.

AstraZeneca nodded to supply 9 million additional doses of its coronavirus vaccine to the European Union during the first quarter. The new target of 40 million doses by the end of March is still only half what the British-Swedish company had originally aimed for before it announced a shortfall due to production problems. It triggered a spat between AstraZeneca and the EU last week.