Tatas to buy 68% in BigBasket for Rs 9,500 cr, deal likely in 4-5 weeks

[Business-Standard]( Daily Newsletter 17 February 2021 [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 52104.17 (-49.96) [NIFTY]( 15313.45 (-1.25) GOLD (MCX 10 GM) 46873.00 (-368.00) SILVER (MCX 1 KG) 69260.00 (-869.00) USD ($) / INR(Rs) 72.49 (-0.23) Front Page [Tatas to buy 68% in BigBasket for Rs 9,500 cr, deal likely in 4-5 weeks]( The deal is the biggest in online groceries space so far, values BigBasket at Rs 13,500 cr; will give exit to investors Alibaba, Abraaj and IFC [Premium Content][Sparkling Q3: India Inc's net profit at new high amid lower operating costs]( Gains largely from lower operating costs, higher product prices and a decline in banks' provisions [Premium Content][Bitcoin trade may attract I-T, GST; taxes to be paid in this fiscal year]( The recent trigger being Tesla, Inc.'s announcement of having bought $1.5 billion in bitcoin. 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[» Read More Stories in Companies]( Economy & Policy [Premium Content][Constitutional challenges to a complete cryptocurrency ban in India]( The need then is to regulate, not ban, experts say [Premium Content][Insurers continue debate over Covid-19's status as 'pre-existing condition']( Anything that increases the risk for insurers will call for either a repricing or refusal [FM Sitharaman explains govt priorities in post-Budget address to RBI]( The meeting on Tuesday was chaired by RBI Governor Shaktikanta Das through video conferencing [Govt set to clear new Chinese investment proposals in coming weeks: Report]( Among the proposals delayed was China's Great Wall Motors' acquisition of a General Motors' plant in India [Govt to bring amendments to two Acts to enable privatisation of PSU banks]( To facilitate privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [ACC]( 1819.55 1.75 [Adani Enterp.]( 780.40 2.29 BSE TOP GAINERS Company Price (Rs) Change (%) [I O B]( 13.20 20.00 [Bank of India]( 70.55 19.98 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [Info Edg.(India)]( 5094.45 -7.71 [Suzlon Energy]( 5.59 -4.77 [Bitcoin crosses $50,000 for the first time as record rally continues]( The world's largest cryptocurrency jumped as much as 4.9 per cent to $50,548 and is now up about 70 per cent, so far this year [Premium Content][Number of illiquid stocks down 20% since lockdown as pandemic squeeze eases]( Investors looking to a quick buck in these stocks are unlikely to, as most companies' fundamentals are rarely tracked, says market expert. 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What are better terms for taking education loan: Govt banks or NBFCs or FinTech? In this podcast, ... [EPFO likely to declare rate of interest on EPF deposits for FY21 on March 4]( An EPFO trustee said that on Monday he received the intimation that the next CBT meeting is scheduled to be held on March 4 at Srinagar [Premium Content][Policies covering pre-existing diseases from day 1 reduce anxiety]( Watch out for limited sum insured in such covers [» Read More Stories in PF]( Beyond Business [Premium Content]['Love jihad' in the time of nationalism?]( Book review of Title of the book: A Forgotten Ambassador in Cairo [» 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. 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