Soma Mondal will take over the reins of state-run Steel Authority of India (SAIL) as its first woman chairperson on Friday. She will have multiple tasks at hand, including paring the company's debt from the current level of around Rs 50,000 crore, improving operating margin & employee productivity and setting the journey right for targeted doubling capacity to 50 million tonne per annum (mtpa).

Daimler AG’s agreed to a $30 million U.S. civil penalty to resolve an investigation of delayed recalls, the second time since late 2019 the German automaker has agreed to settle a probe by U.S. auto safety regulators. The NHTSA said Daimler Trucks North America failed to recall vehicles in a timely fashion and comply with reporting requirements after the agency opened a probe in April 2018.

Ford Motor Co. is reversing plans to cede most of its Indian operations to Mahindra & Mahindra Ltd., deciding to pull out of a proposed joint venture and continue its standalone business in the country. The two companies agreed to terminate the venture after reassessing in part due to the global coronavirus pandemic, they said Thursday.

State-owned Canara Bank on Thursday said it has raised Rs 1,635 crore through issuance of additional tier-I bonds. “Canara Bank has raised capital by issuing additional tier-1 (AT-1)bonds to the tune of Rs 1,635 crore at 8.50 per cent coupon on December 31, 2020,” a release said. This will help the lender increase its capital adequacy ratio.

Pfizer Inc. said the second dose of its Covid-19 vaccine should be delivered to individuals within the recommended 21-day period, calling into question a decision by the U.K. to space out the dosing regimen. The U.K. decision not to hold back any of its vaccine supply is aimed at quickly reaching as many high-risk people as possible.

Only about 2.8 million Americans had received a COVID-19 vaccine going into the last day of December, putting the United States far short of the government’s target to vaccinate 20 million people this month. Shots are reaching nursing home residents at an even slower pace than others first in line even though they are most at risk of dying of the virus.

Jubilant FoodWorks Ltd will invest ₹92 crore to buy a 10.76% stake in Barbeque Nation Hospitality Ltd (BNHL), which runs the popular Barbeque Nation (BBQ) chain of restaurants. The company will acquire 36,50,794 fully paid-up equity shares of face value of ₹5 each aggregating to 10.76% stake in BNHL," Jubilant Foodworks said in a regulatory filing on Thursday.

2021 is expected to be a better one for markets with likely strong recovery in both economy and earnings compared to 2020, according to analysts. However, this year’s heady gains in equities could possibly mean a lot less room for further appreciation in 2021. Markets hit an all-time high on the last day of a volatile 2020, which had a divergent trend of a sharp fall and unexpected rebounds.

The New York Stock Exchange said it will delist three Chinese companies to comply with a U.S. executive order that imposed restrictions on companies that were identified as affiliated with the Chinese military. China Mobile Ltd., China Telecom Corp Ltd., China Unicom Hong Kong Ltd will be delisted between Jan. 7 and Jan. 11, according to a statement by the exchange.

Full-service carrier Vistara will continue with pay cuts of its staff till March but will do away with the three-day leave without pay for pilots effective from January 1. For the pilots, the carrier will implement a 10% salary cut while at the same time increase their monthly base flying allowance to 40 hours from 20 hours at present, a Vistara spokesperson said in a statement to PTI on Thursday.

As glasses are raised and fireworks explode into the sky we wish you a very Happy and Prosperous New Year! May your days be painted in gold. May your life be filled with diamonds. May the stars shine brightly on your world. Wish you all a "Bullish" New Year 😁 - Team FlipItNews

Amazon is jumping into the podcast business. The online shopping giant is buying Wondery, a 4-year-old producer of popular true crime podcasts such as “Dr. Death” and “Dirty John,” which was later turned into a TV series. An explosion of new podcasts has led to a number of acquisitions as competing platforms try to grow their audiences and their ad revenue.

The Union Health Ministry is leaving no stone unturned to make the COVID-19 vaccination process smooth and this is why a dry run will be held in all states and Union Territories (UTs) on January 2. The development comes as authorities suggest that approval for a vaccine could be given very soon. The Central government is conducting a dry run to test how smoothly these plans can be implemented.

Equity investors grew richer by Rs 32.49 lakh crore in 2020 on the back of smart returns in the stock market which had a roller-coaster ride during the year hit by the coronavirus pandemic. The COVID-19 outbreak ravaged lives and livelihoods on a global scale. But amid all the gloom, Indian stock indices gave hope of returning to winning ways towards the latter part of the year.

Tesco and Pizza Hut were the two biggest offenders among 139 employers who failed to pay staff the minimum wage between 2016 and 2018, Britain's government announced on Friday. Supermarket chain Tesco, Britain's largest private-sector employer, underpaid 78,199 staff by a total of 5.1 million pounds ($7.0 million), while Pizza Hut failed to pay staff 845,936 pounds which they were due.