Spectrum auction: Telcos place bids worth Rs 77,000 crore on Day 1

[Business-Standard]( Daily Newsletter 2 March 2021 [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 49849.84 (749.85) [NIFTY]( 14761.55 (232.40) GOLD (MCX 10 GM) 45340.00 (-396.00) SILVER (MCX 1 KG) 67351.00 (90.00) USD ($) / INR(Rs) 72.56 (0.26) Front Page [Spectrum auction: Telcos place bids worth Rs 77,000 crore on Day 1]( Revenue garnered from 4G auction may be much lower than reserve price set at Rs 3.92 trillion [PM Modi kicks off third phase of vaccination, takes first jab of Covaxin]( In the age group of 45-60 years of age around 18,850 got the first dose and more than 128,000 beneficiaries over 60 years of age got the shot on ... [Economy reviving, but renewed surge of Covid-19 infections poses risk: RBI]( Apex bank's report notes lack of private investment; broader measures of liquidity reflect easing of monetary and financial conditions [Sebi plans change in norms to trim promoters' sway on independent directors]( Its proposed 'dual approval' system gives more powers to minority shareholders, without whose majority consent it will not be possible for ... [Premium Content][Mumbai 'cyberattack' puts focus on the need for greater security]( India Inc leaders said they are taking sufficient action and investing in technology to prevent such attacks, especially since work-from-home ... [From GST collection to car sales, macro data signals steady recovery]( GST mop-up rises 7% to Rs 1.13 trn in Feb; Manufacturing PMI eases slightly to 57.5 [Premium Content][Cayman Islands' grey list tag may hurt FPI investments into India]( FPIs from the region will face stricter KYC, may have to furnish updated ultimate beneficial ownership info for all investors holding over 10% ... [NSE technical glitch cost us immensely, says FM Nirmala Sitharaman]( The NSE had on Wednesday halted trading on the stock exchange for nearly four hours due to a technical glitch. [Govt considering reduction in excise duties on petrol, diesel: Report]( Finance Ministry may take a final call on fuel tax cut following Opec's meeting this month, say sources [Premium Content][ReNew Power pins hopes on Nasdaq listing for funding need till FY25]( In an investor call by ReNew and RMG, the firm said it expects revenues to grow 30 per cent until 2025 Companies [Premium Content][From instant noodles to honey, Marico develops an appetite for foods]( The launch of instant noodles, honey and plant proteins is part of a larger strategy to cash in on consumer demand for packaged products [Premium Content][Teams will make sure it's a transparent auction: U Mumba's Ronnie Screwvala]( The tender document has been divided into four divisions. You can bid for one of the parts or the total package [Wirecard's India deal started with 'fraud': London judges panel]( Hermes was sold at a valuation of $40 million, before being acquired by Wirecard for more than $250 million [Jio's new offer dampens tariff hike talk, adds to Vodafone Idea's worries]( Reliance Jio's new offer may impact Vi's fundraise plans, say analysts [» Read More Stories in Companies]( Economy & Policy [Food inflation in India to increase as chicken, milk may cost more]( An expected rise in food prices could be a setback for the monetary policy makers, who have been betting on softer levels [Commercial bank credit to midsize firms up 27.9%, shows RBI data]( Bankers said the economic recovery has begun to translate into a rise in demand for loans. [Govt gets multiple bids for Shipping Corporation of India privatisation]( The last date for submitting the bids was February 13, which was later extended to March 1 [Chinese cyber-attack threat raises head again, PowerMin accepts past cases]( Maharashtra seeks probe into China angle on Mumbai outage of October 2020; Somerville-based Recorded Future says China-linked Group RedEcho ... [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [3M India]( 24125.35 4.47 [Aditya Birla Cap]( 129.85 5.01 BSE TOP GAINERS Company Price (Rs) Change (%) [R C F]( 91.05 19.96 [MMTC]( 48.10 19.95 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [Himadri Special]( 45.45 -12.93 [Solara Active]( 1322.65 -4.98 [Mutual fund penetration in India among lowest, shows Jefferies report]( An analysis done by Jefferies shows India's MF AUM as a percentage of GDP at 12 per cent is among the lowest and a fraction of global average of ... [Premium Content][Reduced debt, better business outlook spark rally in Aditya Birla Fashion]( Shares of the company were up for 8th straight day, its longest winning streak in nearly six years [Premium Content][Private sector's cost efficiency drive aiding Siemens' profitability]( Acquisition of C&S Technologies is seen margin accretive and will augment exports [Premium Content][International funds in focus as diversification theme gains ground]( Sebi's easing of investment norms has encouraged MFs to look at the category more seriously [» Read More Stories in Markets]( Opinion [Premium Content][Big Brother syndrome]( New rules for digital media have troubling implications [Premium Content][Indo-Pak on a break]( The latest ceasefire reflects political expediency [Premium Content][A change in direction]( After years of disappointing growth, the economy and the markets are poised for a breakout [Premium Content][Healing a weak regulator]( Weaknesses in India's drug regulatory regime and the constraints and questionable decisions of the drug regulator could mar the country's ... [Premium Content][Return to a declining gradient]( The small fall in the unemployed we see does not imply that more people got employment [Premium Content][Narendra Modi Stadium: Is this megalomania or insecurity?]( A concern with institutionalising Modi's legacy is also reflected in his photograph being sent into outer space along with the Bhagawad Gita on ... [» Read More Stories in Opinion]( Finance [IDBI Bank to set off accumulated losses worth Rs 45,586-crore]( The issued, subscribed and paid-up share capital is worth Rs 10,752.40 crore and the security premium is of Rs 50,732.27 crore. [Wall Street won't intimidate retail giant Walmart this time around]( Walmart announced in January that it formed a partnership with Ribbit Capital to create a new financial technology startup [SBI cuts home loan interest rate by 10 bps to 6.7% linked to CIBIL score]( Sanctions loans worth Rs one trillion till date in FY21 [» Read More Stories in Finance]( Technology [Twitter testing Clubhouse-like feature called Spaces on Android]( The growing popularity of invite-only, audio-chat app Clubhouse has surprised many [Delhi HC adjourns hearing on plea against WhatsApp privacy policy]( The hearing has been adjourned till April 19 [» Read More Stories in Technology]( PF [Premium Content][Comparing insurance products difficult? Opt for a standard policy]( Evolved buyers with specific needs should go for comprehensive personal accident cover [Sovereign Gold Bond scheme opens today. Should you subscribe?]( With gold prices on a decline, thanks to a rise in bond yields - globally and in India - analysts say investing in the yellow metal and the SGB ... [» Read More Stories in PF]( Beyond Business [Premium Content][Foreign hand: Help or hindrance?]( Book review of The Role of External Support in Nonviolent Campaigns: Poisoned Chalice or Holy Grail? [» 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===F0ank===Bam===B9a0===Q=@mailmx1.stakemail.com?subject=Unsubscribe&body=Unsubscribe me.) to unsubscribe