CCI will shortly release its study on the telecom sector and one of the key trends that emerged recently ie the vertical integration between telcos and digital solution providers, including OTTs and e-commerce platforms. Currently, the watchdog is studying mergers and acquisitions in the digital market, including those deals that might have escaped its scrutiny due to lower thresholds.

COVID-19 carnage may have slightly pushed back timelines but there is certainly no going back on the privatisation of bluechip PSUs like BPCL, SCI, and Air India as the government feels it has no business to be in business. Government officials expressed confidence in completing BPCL and Air India sale in the next few months.

Mobile phone manufacturers might miss the production target of the current financial year under the PLI scheme and approached the government to roll over timelines of the scheme. The government in October had cleared 16 proposals from domestic and international companies entailing investment of Rs 11,000cr under the PLI scheme to manufacture mobile phones worth Rs 10.5 lakh cr over the next 5 yrs.

Six of the top 10 most valued Indian firms together added ₹60,198.67 crore in market valuation last week, with IT majors Infosys and Tata Consultancy Services (TCS) emerging as the biggest winners. Reliance Industries Ltd (RIL), TCS, Hindustan Unilever Ltd (HUL), Infosys, Kotak Mahindra Bank and Bharti Airtel were the six winners on the top-10 chart.

Foreign portfolio investors (FPI) have pumped in a net ₹60,094 crore into Indian markets in December so far amidst optimism in the global markets. According to the depositories data, FPIs invested a net ₹56,643 crore into equities and ₹3,451 crore into debt instruments between December 1-24. The total net investment during the period under review stood at ₹60,094 crore.

Prices for LED TV and appliances such as refrigerator, washing machines are expected to go up by around 10 per cent from January next year on account of rise in costs of key input materials like copper, aluminium and steel and increase in ocean and air freights charges. Besides, prices of TV panels (Opencell) have also gone up by over two-folds due to short supply by the global vendors.

Brokers who carry out buy and sells orders at reduced commission rates are called as discount brokers. Undoubtedly, working with a discount brokerage can provide cheap access to investments, ensuring bigger profits over time. However, they do not offer personal consultations, advice and research to customers. Let us know what is your favourite discount broker in India!

In 2020, the infrastructure sector performed well despite the lockdown. Agencies like NHAI alone awarded around 1,300 kms of projects during H1 FY21, which is 60% more than the same period last year. Heavy awarding was also witnessed in the Water and Irrigation segment during the quarter. The robust project awarding the different agencies has bloated the order books of several contractors.

Private equity (PE) investment in real estate is estimated to fall 31% YoY during 2020 to $4.6 billion due to an adverse impact of the COVID-19 on economic growth, according to property consultant Savills. In its 'Beyond The’20: Private Equity in India Real Estate', Savills India expects the PE inflow to bounce back and grow by 30% in the next year to $6 billion.

Foreign portfolio investors (FPI) have pumped in a net Rs 60,094 crore into Indian markets in December so far amidst optimism in the global markets. According to the depositories data, FPIs invested a net Rs 56,643 crore into equities and Rs 3,451 crore into debt instruments between December 1-24. The total net investment during the period under review stood at Rs 60,094 crore.

SEBI could give a green signal to former Flipkart promoter Sachin Bansal's acquisition of Essel Mutual Fund as per amended and relaxed regulations for sponsoring a mutual fund as Bansal moves to expand his presence in the financial services business. Sachin Bansal's companies, Chaitanya India Fin Credit Private Ltd and BAC Acquisition Private Ltd had moved to acquire Essel Mutual Fund in 2019.

Larsen & Toubro (L&T) is planning to recruit close to 1,100 graduate and post-graduate engineer trainees next year and deploy them across various business verticals. The firm, through its ongoing virtual hiring process, has already made around 250 offers in the recent hiring season at premium education institutes like IIT Madras, IIT Guwahati, IIT BHU, and IIT Bombay among others.

Bitcoin approached $20,000 in 2017 and finally topped the mark in 2020. The largest cryptocurrency is on a record breaking spree. Bitcoin surged past $27,000 on Sunday. On Binance, the largest cryptocurrency exchange by trading volume, Bitcoin was trading at $ 27,248 at 11:39 a.m., as per the Indian time. Bitcoin has touched a 24-hour high of $27,555.

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