Fed sees growth surge, jump in inflation this year but no change on rates

[Business-Standard]( Daily Newsletter 18 March 2021 [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 49801.62 (-562.34) [NIFTY]( 14721.30 (-189.15) GOLD (MCX 10 GM) 44840.00 (27.00) SILVER (MCX 1 KG) 67250.00 (331.00) USD ($) / INR(Rs) 72.60 (-0.01) Front Page [Fed sees growth surge, jump in inflation this year but no change on rates]( Fed sees 2021 GDP growth of 6.5%, unemployment at 4.5%; Powell says worst economic outcomes of pandemic avoided [Need 'quick, decisive' steps to stop second Covid-19 wave: Modi tells CMs]( 'Any gaps in planning and governance have to be fixed,' says Modi in virtual meeting [Premium Content][More banks likely to join RBI's list of 'systemically important banks']( Move result of change in pecking order post-mergers [Premium Content][Direct tax mop-up betters estimate for the first time in four years]( With the payments of the last instalment on Monday, advance tax collection for FY21 was around 7 per cent higher than last year's [Premium Content][Govt invites EoIs by April 30 to set up display fabrication units in India]( According to experts, the technology is held by a select few companies in China, South Korea, Taiwan, and Japan [Premium Content][India Inc braces for more price hikes as commodity inflation bites]( Durables, automotive, realty sectors hit hard by rise in input costs [Premium Content][After a lull, Tata Sons buys additional stake in subsidiaries]( Tata Group's holding company ends FY21 with higher stake in key arms [Premium Content][High economic growth will spare India from debt trap, say experts]( Finance panel had indicated that total debt could touch 90% of GD [Premium Content][Ola Electric's high-stakes ride: Can Aggarwal disrupt India's EV market?]( By setting up massive capacities in a limited market against entrenched competition, founder Bhavish Aggarwal has his work cut out proving the ... [Premium Content][NSE co-location case: ED investigation likely to conclude next month]( Widens ambit to also look at the recent technical glitch that halted NSE trading for hours Companies [PE/VC investments gather pace in February: Here're the top 5 deals]( The top 10 investments accounted for 69 per cent of the total deal value, according to Aurum Equity Partners [Vodafone Idea posts first subscriber addition in 15 months: Trai data]( Vi's active user base stood at 256.3 million users, which is 89.63 per cent of its total base [Oyo's India business Ebitda-positive: Founder & Group CEO Ritesh Agarwal]( India business is EBITDA positive. It has achieved EBITDA break-even from December 2020 and is growing month-on-month [Group representing startups seeks govt intervention in Google Play ops, ads]( Aatmnirbhar Digital India Foundation (ADIF) said bidding of company-specific keywords such as "matrimony" or "Map My India" has resulted in ... [OTP communication for payment transactions resumes, no complaints filed]( Trai had put on hold the implementation of its regulations to curb unsolicited commercial communication. [» Read More Stories in Companies]( Economy & Policy [Premium Content][Fewer bureaucrats opting for Centre at senior management grades, shows data]( It has been matched with an explosion in the number of officers of the same cadres posted to the states. [Premium Content][Land monetisation lessons: Canadian firm could be model for unlocking land]( In the Union Budget, Finance Min­i­s­ter Nirmala Sitharaman had outlined the government's intent to monetise surp­lus public lands by way of ... [Premium Content][March-end forward premia jumps as banks convert dollar for rupee]( These transactions happen through swaps, in which banks sell dollars on the spot market and buy dollars in the forwards in April [Economic reforms to drive India sovereign rating, says K V Kamath]( Veteran banker K V Kamath on Wednesday expressed optimism that India's sovereign rating would go up on the back of efforts being taken by the ... [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [Adani Power]( 87.15 4.94 [Adani Total Gas]( 743.95 -0.46 BSE TOP GAINERS Company Price (Rs) Change (%) [Bliss GVS Pharma]( 109.75 5.23 [Adani Power]( 87.15 4.94 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [Vaibhav Global]( 4124.45 -11.76 [Indbull.RealEst.]( 91.45 -8.04 [Analysts see the tide turning for Reliance Industries stock]( Reliance Industries' stock: Among 36 analysts' recommendations on Bloomberg, 24 recommend buying the stock [Premium Content][PNB Housing Finance: Successful fundraise key to sentiment revival]( Asset quality issues and pale growth justify the weak valuation [Premium Content][Advisors push AT1 bonds to HNIs to take advantage of surge in yields]( Yields of perpetual bonds issued by State Bank of India and Bank of Baroda, for instance, have gone up by as much as 80-90 basis points (bps), ... [Aditya Birla AMC considering IPO, may join fund houses in opting to list]( SBI AMC, India's largest asset manager, is said to be planning an IPO too [Don't get complacent about momentum and valuations: Kenneth Andrade]( Earnings will come back but that does not always mean stock valuations will go up, says Founder & Chief Investment Officer, Old Bridge Capital [» Read More Stories in Markets]( Opinion [Premium Content][The right policy cart]( E-commerce rules should be stable and equitable [Premium Content][State of the capital]( Bill enhancing Delhi LG's power debases electoral democracy [Premium Content][Making a show of outrage, once again]( The controversy over Bombay Begums makes one thing clear: India desperately needs transparent regulation for streaming services [Premium Content][Bond standoff exposes flawed policy]( Sebi is not wrong in expressing a desire to draw an empirical bright line for an outer limit, in order to be able to compute yields, and thereby ... [Premium Content]['Paper'ing over the cracks - Part 2]( Shareholders who expect value from IDs should ask Boards and managements whether the compensation presently given to IDs is adequate, having ... [» Read More Stories in Opinion]( Finance [AT1 bonds: Over Rs 11,000 cr worth call option due for SBI in FY22]( Here is look at outstanding AT1 bonds of select banks and amount for call option in due in FY22 [Punjab National Bank sets-up subsidiary to manage credit card business]( State-run Punjab National Bank (PNB) has set up a wholly-owned subsidiary to manage its credit card business, the bank said on Wednesday. A ... [NPAs expected to increase in first half of 2021: FICCI-IBA survey]( Asset quality of banks is likely to worsen during the first six months of 2021, according to a survey [» Read More Stories in Finance]( Technology [Sony Playstation 5 pushes console gaming to brand new and deeper level]( For Sony PlayStation lovers in India, the wait gets longer to order the latest PS5 units as the massive demand has led to the unit shortage ... [Xiaomi debuts Redmi X-series smart TVs in India: Price, features, and more]( Xiaomi Redmi X-series smart TVs come in three screen size variants - 65-inch, 55-inch and 50-inch [GoPro's reworked smartphone app Quik brings new features and capabilities]( The GoPro Quik app lets users import photos and videos from any phone or camera, including GoPro's own action-cameras and DSLRs. The app ... [Chinese investor Shunwei Capital exits parent company of Twitter-clone Koo]( Existing investors and a clutch of prominent individuals bought out the firm's minority stake [Google Go crosses 500 million download mark on the Play Store]( Google Go has crossed the 500 million download mark on the Play Store, indicating the brisk sale of Android Go devices over the past four years. [» Read More Stories in Technology]( PF [Premium Content][Health cover: Irdai rule gives consumers more freedom, say experts]( Barring insurers from raising prices by adding benefits may also lead to better pricing: Experts [Premium Content][Budget proposals will ease taxpayers' burden from April 1, say experts]( But changes like taxation of EPF contributions above Rs 2.5 lakh will pinch the wallet [» Read More Stories in PF]( Beyond Business [Premium Content][An unapologetic activist]( Book cover of We Are Not Here To Be Bystanders: A Memoir of Love and Resistance [» 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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