Delhi HC orders status quo on $3.4 bn Future Group-Reliance Retail deal

[Business-Standard]( Daily Newsletter 3 February 2021 [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 49797.72 (1197.11) [NIFTY]( 14647.85 (366.65) GOLD (MCX 10 GM) 47835.00 (-559.00) SILVER (MCX 1 KG) 67468.00 (-6198.00) USD ($) / INR(Rs) 72.88 (-0.15) Front Page [Premium Content][Delhi HC orders status quo on $3.4 bn Future Group-Reliance Retail deal]( Ruling seen as interim relief to Amazon; next phase of arbitration likely to begin soon in Singapore, say sources [Investors richer by Rs 10.5 trn after Budget; Sensex crosses 50K-mark again]( The Nifty50 index rose 367 points, or 2.6 per cent, to settle at 14,648, surpassing its previous record made on January 20 [Premium Content][Budget not just about raising, lowering tax: Finance secretary A B Pandey]( The Budget should not be seen only as an exercise where you increase or decrease taxes, but also where you provide stability of rates, says ... [Premium Content][Focus on capex does not make Budget inflationary: Expenditure Secretary]( We expect the cost of the vaccination to be Rs 700 per person. This includes the price of two shots at Rs 200-250 each, says Somanathan [Premium Content][Govt will reserve up to 10% in LIC's IPO for policyholders: DIPAM Secretary]( Provisions have been added in the LIC Act to provide some reservation to policyholders as shareholders, said DIPAM secretary Tuhin Kanta Pandey [Premium Content][Budget 2021: More REIT, InvIT listings on the cards, say experts]( Allowing debt financing by FPIs will reduce cost of funding, say experts [Premium Content][Budget 2021: Mobile phone makers slam higher duty on China imports]( However, auto parts makers welcome it as a step that will help localisation [Premium Content][Govt likely to allow Covid-19 vaccine in private market by March end]( Low turnout for vaccination so far a likely reason [RBI appoints external firm to audit HDFC Bank's IT infrastructure]( In December last year, irked at the repeated service outages, the RBI asked the lender to temporarily halt all its digital launches as well as ... [Premium Content][BS Policy poll: Pause for sure, liquidity to be back in focus at RBI]( The apex bank would still like to drain out some liquidity while managing yields through OMO or operation twist, to fend off inflation, ... Companies [Data of 2.5 mn Airtel users in J&K allegedly leaked; telco says no breach]( A sample of the leaked database was shared on Twitter by cybersecurity researcher Rajshekhar Rajaharia which shows masked details of the ... [Investors put Rs 1,709 crore in Brookfield REIT's initial public issue]( The Rs 3,800 crore-IPO of the REIT will open on Wednesday [Premium Content][These aerospace experts are building drones to save accident victims' iives]( Their drones can reach accident site quickly, carrying an 'active blood control kit' that bystanders can administer to the victim with help from ... [Premium Content][Nifty Bank index buoyant as long-standing demands are met in Budget]( Increase of 12.1 per cent clocked in two days is the highest gains posted by the index in almost a year [» Read More Stories in Companies]( Economy & Policy [Exports rise 5.4% in January; trade deficit narrows to $14.75 billion]( Rise in both exports and imports signals recovery is strengthening: Experts [NHAI to fine up to Rs 10 cr for major lapses in construction standards]( The new policy allows NHAI to impose graded penalties that include heavy fines up to Rs 10 crore besides debarment and ban on bidding for any ... [Continuum green bond issue shows global players vying for India infra pie]( Continuum Wind Energy's six-year bond of $560 mn got over $3 bn pre-order bids on opening in US. Initial price guidance was 4.875%, issue rate ... [UPI Jan volume up 77% to 2.3 bn year-on-year, value doubles to Rs 4.3 trn]( Deals up 3% by both, value and volume, over December 2020 figures [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [A B B]( 1442.65 4.47 [Adani Enterp.]( 564.10 4.88 BSE TOP GAINERS Company Price (Rs) Change (%) [Tata Motors-DVR]( 130.20 16.41 [Tata Motors]( 322.30 15.21 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [Balrampur Chini]( 164.60 -6.74 [Coromandel Inter]( 789.10 -4.92 [Premium Content][Union Budget 2021: FPIs may have to wait for dividend tax relief]( Firms will examine qualitative factors before extending treaty benefits [Premium Content][Budget 2021: Policy action on the ground key for sustained market rally]( A turnaround in domestic sentiment is vital to sustain this rally. For that, we'll need to see policy action on the ground. [Premium Content][Riding on high growth: Key gainers from the Budget 2021 proposals]( A focus on localisation and increase of duties in select sectors are also expected to boost manufacturing across sectors. [Premium Content][After Budget newsflow on GST rates, demand hold key for ITC stock]( Shares of the cigarette maker hit 52-week high after the Budget left taxes unchanged [» Read More Stories in Markets]( Opinion [Premium Content][A bold move]( Policy on strategic disinvestment is a huge break from the past [Premium Content][Little for the vulnerable]( Budget didn't address special needs of a pandemic year [Premium Content][Reading the defence budget tea leaves]( MoD has managed the defence budget well in a difficult year, but long-term fixes are needed [Premium Content][Railways on the right track]( The bottom line is that it calls for a capital expenditure of Rs 16.74 trillion between 2022 and 2031 on track and terminal infrastructure and ... [» Read More Stories in Opinion]( Finance [Alacrity in structure a must for takeover of bad loans: Mehta of Yes Bank]( Urges three-pillared base consisting of ARCs, AMCs and AIFs to attract investors into this space, without which process could lose credibility [Canara Bank raises Rs 120 cr by issuing Basel III compliant bonds]( State-owned Canara Bank on Tuesday said it has raised Rs 120 crore by issuing Basel III compliant bonds [3 PSU banks likely to be out of PCA framework by March: DFS Secretary]( The finance ministry expects the remaining three public sector banks (PSBs) to be out of the RBI's prompt corrective action (PCA) framework in ... [» Read More Stories in Finance]( Technology [POCO M3 with 6.53-inch fullHD+ screen, 48MP triple camera launched in India]( POCO M3 comes in 64GB and 128GB storage variants, both with 6GB RAM, priced at Rs 10,999 and Rs 11,999. The phone will be available on Flipkart ... [Amazfit GTS 2e review: Praise worthy health and fitness tracker on budget]( Amazfit may have missed the mark with GTS and GTS 2 but the GTS 2e impresses on several counts and is worthy of praise [Google shuts down its in-house Stadia game development division]( Google has announced to shut down its in-house Stadia game development division, as it sees a great adoption of its technology by third-party ... [iOS 14.5 to let you unlock your iPhone via Apple Watch even with a mask on]( Soon you will be able to unlock your iPhone with Face ID even when with a Covid-19 mask on, but only if you are wearing an Apple Watch. [» Read More Stories in Technology]( PF [Premium Content][Budget: Trust in financial system will rise if promises implemented well]( The writing is on the wall. The next investment product to lose the unwarranted tax exemption will in all likelihood be traditional life ... [» Read More Stories in PF]( Beyond Business [Premium Content][How a giant collapsed]( The story starts 30 years ago, when former Citibanker, Ravi Parthasarathy , IL&FS' chief, set up the company to beef up India's ... [» Read More Stories in Beyond Business]( [About us]( | [Partner With Us]( | [Job@BS]( | [Advertise with us]( | [Connect BS]( | [Refer a friend]( Ensure that you always receive messages from business-standard.com Add bsemailservices@business-standard.net.in to your Address Book or Safe List. If you can not view this message, please click here | For unsubscribe click here If you do not wish to receive Business Standard e-mails in the future, please [click here](mailto:rm-===Xmxkb===E5===La===Q===Bz===Y===Xk===Bam===B9a0===Q=@mailmx1.stakemail.com?subject=Unsubscribe&body=Unsubscribe me.) to unsubscribe