Anand Mahindra among 53 global leaders for Stakeholder Capitalism Metrics
Wed, Jan 27, 2021 8:10 AM

Anand Mahindra among 53 global leaders for Stakeholder Capitalism Metrics

Mahindra Group, on January 26, 2021 announced its commitment to implement the Stakeholder Capitalism Metrics of the World Economic Forum (WEF). He is one of the 53 business leaders who have implemented the metrics. Stakeholder Capitalism Metrics (SCM) are a set of environmental, social and governance (ESG) metrics and disclosures released by the WEF and its International Business Council.

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Sanofi to manufacture 100 million Pfizer/BioNTech vaccine doses
Wed, Jan 27, 2021 7:58 AM

Sanofi to manufacture 100 million Pfizer/BioNTech vaccine doses

Sanofi is planning to produce more than 100 mn doses of the Covid-19 vaccine developed by its competitors Pfizer and BioNTech by the end of the year, opined CEO Paul Hudson. Since Sanofi and its British partner GlaxoSmithKline have delayed the launch of their shot to late 2021, the French company decided to approach Pfizer 'in order to be helpful as of now'

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Limited-edition 'Black Unity Collection' Apple Watch unveiled by Apple
Wed, Jan 27, 2021 7:48 AM

Limited-edition 'Black Unity Collection' Apple Watch unveiled by Apple

Apple introduced a limited-edition 'Black Unity Collection' Watch for Black History Month. The product features a black, green, and red striped band and face, meant to reflect the Pan-African flag. Some of the proceeds from the watch will be going toward civil rights organisations. It otherwise appears similar to the aluminium version of the Apple Watch Series 6, with pricing starting at USD 399.

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Introducing FlipItClassroom!
Tue, Jan 26, 2021 10:00 PM

Introducing FlipItClassroom!

"Building a financially literate country" - This is the mission we are working on! We are delighted by the love we got for FlipItNews, one of the highest-rated finance apps in India today. We are excited to introduce FlipItClassroom, an initiative by the founders of FlipItNews, where we will spread financial literacy through live online classes. We will start our classes in the next few weeks.

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IMF projects impressive 11.5% growth rate for India in 2021
Tue, Jan 26, 2021 9:13 PM

IMF projects impressive 11.5% growth rate for India in 2021

The IMF on Tuesday projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic. The International Monetary Fund's growth projections for India in its latest World Economic Outlook Update released on Tuesday reflected a strong rebound in Indian economy.

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Twitter launches 'Birdwatch' to combat misinformation
Tue, Jan 26, 2021 9:11 PM

Twitter launches 'Birdwatch' to combat misinformation

Twitter Inc. has launched a pilot program called Birdwatch that will allow users to flag tweets that they believe are misleading and write notes to provide context. Birdwatch is currently for people in the US. "Birdwatch participants can identify Tweets they believe are misleading, write notes that provide context on the Tweet, and rate the quality of other participants’ notes," the company said.

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GAIL is considering pipeline InvIT launch prior to proposed split
Tue, Jan 26, 2021 6:40 PM

GAIL is considering pipeline InvIT launch prior to proposed split

GAIL (India) Ltd is considering to launch an InvIT of its two gas pipelines between Dahej and Bengaluru prior to the proposed splitting of the pipeline business from the gas marketing function. The nation's biggest gas marketing and transportation company plans to monetise Dahej-Uran-Panvel-Dabhol pipeline and Dabhol-Bengaluru pipeline by setting up an Infrastructure Investment Trust (InvIT).

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Paper Boat to launch online-only products
Tue, Jan 26, 2021 6:20 PM

Paper Boat to launch online-only products

Hector Beverages, that sells Paper Boat drinks, is expanding its distribution network and working on online-only launches as covid-induced lockdowns led to one of the worst years for the beverage industry. The company lost sales across modern trade channels and also suffered losses in the institutional segment, with sales to airlines and airports took a hit.

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Tata plans to reintroduce Safari into its portfolio after gap of 14 months
Tue, Jan 26, 2021 5:57 PM

Tata plans to reintroduce Safari into its portfolio after gap of 14 months

The Tata Safari will hit the market in the coming weeks and will be the first seven-seater SUV after the Safari Storme. It was originally showcased as the Buzzard at the Geneva Motor Show in Mar 2019 before debuting as Gravitas at the 2020 India Auto Expo. Tata Motors has reintroduced the Safari brand back into its portfolio after a gap of 14 months.

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FICCI Survey suggests India's GDP can contract 8% in FY21
Tue, Jan 26, 2021 5:47 PM

FICCI Survey suggests India's GDP can contract 8% in FY21

India's gross domestic product (GDP) might contract by 8% in 2020-21, according to the latest FICCI's Economic Outlook Survey. The median growth forecast for agriculture and allied activities is expected to be 3.5% in the upcoming fiscal. However, industry and services sector are expected to contract by 10% and 9.2% respectively during 2020-21, due to the pandemic related economic fallout.

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Grasim's entry into paints' spectrum fails to dampen Indigo's prospects
Tue, Jan 26, 2021 5:40 PM

Grasim's entry into paints' spectrum fails to dampen Indigo's prospects

Grasim Industries' entry into the paints industry will not dampen Indigo Paints' grey market premium. Analysts feel Grasim would take a considerable time setting up capacity and commanding a significant market share. Besides, they noted that the industry still has scope for organised players eating into the market share of unorganised players.

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BookBaggage unveils app-based luggage delivery service
Tue, Jan 26, 2021 5:30 PM

BookBaggage unveils app-based luggage delivery service

BookBaggage on Tuesday launched its app-based service in collaboration with the Indian Railways. It aims to offer safe transit of luggage and parcel. BookBaggage already offers baggage delivery services for airline passengers and has now extended it to Railways passengers. The company also introduced app-based end-to-end parcel services for customers wanting to send parcels by train.

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60 lakh Indian Facebook users phone numbers reportedly on sale on Telegram
Tue, Jan 26, 2021 5:10 PM

60 lakh Indian Facebook users phone numbers reportedly on sale on Telegram

Mobile phone numbers of over 500 million Facebook users are up for sale through a Telegram bot. According to security researcher Alon Gal, the data includes phone numbers of over 60 lakh Indian users. Gal further pointed out that the person who runs the bot claimed that the information of 533 million Facebook users came from a vulnerability that the social media giant patched in 2019.

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Here's how to check allotment status of Indigo Paints IPO
Tue, Jan 26, 2021 4:45 PM

Here's how to check allotment status of Indigo Paints IPO

Indigo Paints will finalise the basis of share allotment on Jan 28. You can check the subscription status on the registrar’s website or BSE website (https://www.bseindia.com/investors/appli_check.aspx). Select the issue type as ‘equity’, and the issue name as ‘Indigo Paints’ from the drop-down list. Now, enter application number and PAN. finally, click on the search tab to view the status details.

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EU coerces AstraZeneca to deliver vaccines as promised
Tue, Jan 26, 2021 4:35 PM

EU coerces AstraZeneca to deliver vaccines as promised

The European Union is influencing AstraZeneca to deliver more coronavirus vaccine doses to its 27 nations and to stick to its initial promises once the jab gets EU approval. AstraZeneca's statement of delivering fewer vaccines to the EU early on has increased pressure on the 27-nation bloc, especially since Pfizer-BioNTech, failed last week to keep up its promised deliveries to the EU.

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