Bitcoin dips from record after scaling $61,000
Mon, Mar 15, 2021 10:35 AM

Bitcoin dips from record after scaling $61,000

Bitcoin eased back after reaching a record high of $61,000 for the first time on bets that some of the pandemic relief payments in the U.S. will end up chasing the digital token’s towering rally. The most popular cryptocurrency was trading at about $60,000 early in Asia on Monday, after topping out at $61,742 over the weekend. Bitcoin has climbed more than 1,000% in the past year.

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Vodafone Idea shelves fundraising plan
Mon, Mar 15, 2021 10:23 AM

Vodafone Idea shelves fundraising plan

Vodafone Idea halted its plan to raise Rs 25,000 crore through the sale of hybrid securities to foreign funds, and might instead borrow capital to refinance its debt. The company will likely borrow the funds using promoter guarantees. Vodafone Idea might also revamp its current operations in some telecom circles in order to save fixed costs.

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Robust listing for MTAR Technologies shares with 82% premium at Rs 1,050
Mon, Mar 15, 2021 10:15 AM

Robust listing for MTAR Technologies shares with 82% premium at Rs 1,050

MTAR Technologies debuted on the exchange with a massive 82% premium on the NSE, on March 15, which was largely as per the analysts' expectations. Experts feel the listing premium is justified given its leading position in nuclear, defence and aerospace equipment space. The company raised Rs 596 crore through the public issue which has seen a strong subscription of 200.79 times, during March 3-5.

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Polycab fully incorporates Polycab Support Force
Mon, Mar 15, 2021 10:04 AM

Polycab fully incorporates Polycab Support Force

Polycab India Ltd incorporated a wholly-owned subsidiary in India under the name and Style as ‘Polycab Support Force Private Limited (PSFPL)’ and received the Certificate of Incorporation from the Registrar of Companies on March 13, 2021. PSFPL deals in Staffing Solution Business. The objective of incorporating PSFPL is to provide manpower support to Polycab India Ltd and other group companies.

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Gold price trades below Rs 45,000 on Monday; silver gains Rs 400
Mon, Mar 15, 2021 9:55 AM

Gold price trades below Rs 45,000 on Monday; silver gains Rs 400

Gold and silver future prices rose on Monday tracking the trend in the international market as the passage of a US stimulus bill stoked inflation risks, although a resultant bounce in Treasury yields kept gains in check. Gold futures on MCX were up 0.41% or Rs 184 at Rs 44,934 per 10 grams. Silver futures added 0.65% or Rs 432 to Rs 67,276 per kg.

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GMP of MTAR Technologies shares points towards strong listing
Mon, Mar 15, 2021 9:49 AM

GMP of MTAR Technologies shares points towards strong listing

Shares are MTAR Technologies are scheduled for a robust listing today. The Rs 597-crore initial public offering (IPO) of MTAR Technologies, which was open between March 3 and March 5, was subscribed more than 200 times. Traders dealing in unlisted shares say that the shares of the Hyderabad-based company precision engineering capabilities are quoting at a grey market premium of around Rs 500.

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Index of Industrial Production (IIP) contracts 1.6% in January 2021
Mon, Mar 15, 2021 9:38 AM

Index of Industrial Production (IIP) contracts 1.6% in January 2021

The IIP shrank by 1.6% in January 2021, as per the Ministry of Statistics & Programme Implementation data. Last month, IIP stood positive at 1.6%. For January 2021, the Quick Estimates of Index of IIP with base 2011-12 stands at 135.2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for January 2021 stand at 119.7, 135.1 and 164.2 respectively.

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CPI Inflation rises first time in 3-months to 5.03% in Feb 2021
Mon, Mar 15, 2021 9:28 AM

CPI Inflation rises first time in 3-months to 5.03% in Feb 2021

The Consumer Price Index (CPI) or Retail Inflation of India, increased for the first time in three months to 5.03% in February 2021 due to higher food prices. CPI was at 4.06% in January 2021. Meanwhile, the consumer food price index (CFPI) jumped to 3.87% in February 2021, from 1.96% of the previous month. The inflation rate of Food and beverages stood at 4.25%.

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Wipro eyeing to raise over $ 1 billion to part fund Capco deal
Mon, Mar 15, 2021 9:14 AM

Wipro eyeing to raise over $ 1 billion to part fund Capco deal

Wipro is in talks with about half a dozen foreign investment banks to raise more than $1 billion in short-term overseas loans or long-term offshore bonds to part-fund its acquisition of Capco. The company is also considering a combination of loans and bonds. Wipro said March 4 it will acquire Capco for $1.45 billion, its largest purchase, as it seeks a boost in banking, and financial services.

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Allcargo planning to bid for Container Corp stakes
Mon, Mar 15, 2021 9:08 AM

Allcargo planning to bid for Container Corp stakes

Allcargo Logistics is eyeing to bid for stakes in Container Corp of India and is in advanced discussions with a foreign investor to partner in the planned purchase. “Of course, we are very interested,” Allcargo chairman Shashi Kiran Shetty said in an interview. The government is looking to sell 30% of Concor and will shortly invite expressions of interest for the public sector enterprise.

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IPOs open for subscription today (March 15, 2021) | FlipItFacts
Mon, Mar 15, 2021 8:47 AM

IPOs open for subscription today (March 15, 2021) | FlipItFacts

Here are the three IPOs which remain open for subscription on Monday (Mar 15, 2021): [1] Rs 760 cr Anupam Rasayan IPO opened on Mar 12, 2021, and will close on Mar 16, 2021. [2] Rs 600 cr Laxmi Organic IPO opens on Mar 15, 2021, and will close on Mar 17, 2021. [3] Rs 823.70 cr Craftsman Automation IPO opens on Mar 15, 2021, and will close on Mar 17, 2021. Which IPO are you going to apply today?

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Gold trades higher on inflation worries after US stimulus approval
Mon, Mar 15, 2021 8:42 AM

Gold trades higher on inflation worries after US stimulus approval

Gold prices increased on Monday as the passage of a U.S. stimulus bill stoked inflation risks, although a resultant bounce in Treasury yields kept gains in check. Spot gold gained 0.3% to $1,732.02 per ounce by 0134 GMT, while U.S. gold futures for April delivery rose 0.7% to $1,730.90 per ounce. Silver rose 0.9% to $26.14, platinum rose 1% to $1,217.37, while palladium fell 0.1% to $2,369.17.

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Perpetual bond issue may staggerd PSB fundraising plans
Mon, Mar 15, 2021 8:15 AM

Perpetual bond issue may staggerd PSB fundraising plans

With uncertainty looming over the perpetual bonds' valuation, fundraising at public-sector lenders such as Punjab National Bank, Bank of India and Bank of Maharashtra may be hit. They are eyeing to garner funds by selling debt instruments. While the Centre has ‘requested’ the capital-markets watchdog to review its order on the treatment of such debt, regulatory silence is making investors nervous.

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Maharashtra registers 16,620 fresh COVID-19 cases, 50 deaths on Sunday
Mon, Mar 15, 2021 8:10 AM

Maharashtra registers 16,620 fresh COVID-19 cases, 50 deaths on Sunday

Maharashtra reported its highest single-day spike in coronavirus infections in 2021, as 16,620 fresh COVID-19 cases get detected in the state in the past 24 hours. The state’s total tally now is 23,14,413. The tally of cured COVID-19 cases in Maharashtra reached 21,34,072 after 8,861 patients got discharged on March 14, taking the recovery rate to 92.21%.

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India second-most attacked country in Asia Pacific region: IBM Security
Mon, Mar 15, 2021 7:58 AM

India second-most attacked country in Asia Pacific region: IBM Security

IBM Security released the 2021 X-Force Threat Intelligence Index highlighting how cyberattacks evolved in 2020. The index is based on insights and observations from monitoring over 150 billion security events per day in more than 130 countries. Asia-Pacific region accounted for 25% of all attacks observed by IBM Security X-Force in 2020. India was the second most attacked country in Asia.

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