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Market at record high: Sensex rallies over 250 points in early trade; Nifty above 13,000

After touching a lifetime intra-day high of 44,358.71, the 30-share BSE index was trading 271.48 points or 0.62% higher at 44,348.63 in the opening session.

Today's top business news: Markets surge to lifetime highs, Rajan and Acharya caution against allowing corporate houses to set up banks, NSE declares Karvy Stock Broking as defaulter, and more

Updates from the world of economy, markets, and finance

General Motors will recall 7 million vehicles for air bag issue worldwide

The recall is expected to cost the Detroit automaker $1.2 billion.

Vivimed Labs gets approval for 6 products

Drugmaker Vivimed Labs has received approval from Uzbekistan for three ophthalmic products and an equal number of oral liquid suspension products that

S&P ‘sceptical’ of banks’ corporate ownership

‘RBI will face challenges in supervision’.

Rajan, Acharya caution against proposal to allow corporate houses to set up banks

Article terms proposal a ‘bombshell’ best left on the shelf

Localised lockdowns to slow recovery: Nomura

‘Business resumption outlook worrying’.

‘Smartphone exports could cross $1.5 billion’

techARC, in its India Mobile Phone Exports Market Scan Report, pegged total exports of smartphones to cross $1.5 billion by value in 2020, with smartphones accounting for over 98% of the total mobile phones exported.

Adani Solar to add 2-GW cell and module capacity at Mundra

‘Will help achieve cost-effectiveness, price parity with China’

U.K.’s ZNZ Pharma 2 buys 74% in Celon

London-based biopharma platform ZNZ Pharma 2, backed by an impact investment consortium comprising U.K.’s CDC Group and others, has bought 74% stake

Reliance unit supports local artisans

In a push to locally-made artisanal products, Reliance Retail Ltd. said it had showcased more than 40,000 artisan-crafted products to its customers

“Data on Favipiravir demonstrates significant improvement in time to clinical cure”

A randomised controlled Phase 3 clinical study by Glenmark Pharmaceuticals found oral antiviral medication Favipiravir, which prevents the

India likely to record a current account surplus in 2020-21: CEA

India is likely to record a current account surplus in 2020-21, Chief Economic Advisor Krishnamurthy Subramanian said on Monday, terming it a sign of

‘Helmet industry not as severely hit as auto sector’

Studds eyeing 10% revenue growth in FY21, says Khurana

Shell,Tata Trusts unveil framework for rural transformation

Energy major Shell and Tata Trusts, under the India2022 Coalition and supported by Xynteo, have rolled out the “Stages of Development (SoD)

Sensex ends 195 pts higher; Nifty tops 12,900

After touching a record intra-day high of 44,271.15, the 30-share BSE index ended 194.90 points or 0.44 % higher at 44,077.15.

Single window approval for FDI by March

“The momentum for reform shall continue. Several more active reform-related steps are being taken up,” says Nirmala Sitharaman

Rupee settles 5 paise higher at 74.11 against US Dollar

At the interbank forex market, the domestic unit traded in a narrow range as rising COVID-19 cases offset positive sentiments surrounding the progress on the vaccine front.

Government’s ‘unprecedented’ reforms to usher in a new era of growth, says Kant

“We are making States compete on ease of doing business parameters. We are ranking States and naming and shaming them,” the NITI Aayog CEO said.

IT spending in India to grow 6% in 2021 to USD 81.9 billion: Gartner

IT spending in 2020 is expected to total USD 79.3 billion, down 8.4 % from 2019.

India likely to have current account surplus this fiscal, says Chief Economic Adviser

This crisis is different from what the world witnessed during the taper tantrum, he said while addressing a virtual conference organised by industry body CII.

Intel reveals M15 laptop powered by its 11th generation core i5, i7 processors

The M15 laptop has a 15.6-inch screen, weighs under 1.7 kg, and features a 73 watt-hour battery that is capable of delivering up to 16 hours of video playback.

Today's top business news: Shares gain amid vaccine hopes, CEA says India likely to have current account surplus this fiscal, Lakshmi Vilas Bank stock tanks over 48% in 5 days, and more

Updates from the world of economy, markets, and finance

Ask us: On investment

Q. I am 35 and married with a 3-year-old kid. I work in the private sector. I would like to retire at 60 with a corpus of ₹3 crore. My present

Arogya Sanjeevani: A premium that doesn’t burn a hole in your pocket

If Arogya Sanjeevani proves popular, insurers may well begin offering instalment options on other health policies

When what you see is not what you get

SEBI has stepped in to prevent the mis-selling of certain mutual fund products to protect investors

RBI becomes world’s first monetary authority with a million Twitter followers

“RBI Twitter account reaches 1 million followers today. A new milestone. Congratulations to all my colleagues in RBI,” Governor Shaktikanta Das tweeted.

Audible bets on local languages for growth in India

Audible Suno is an India-first app that offers more than 100 audio stories and podcasts for free in English and Hindi

The Hindu Explains | Why did India stay out of the RCEP deal?

What were its concerns and is there a possibility of rejoining the grouping later?

The Hindu Explains | What is a bank moratorium, and when does it come into play?

When does the Reserve Bank of India intervene, and what are some of the key steps it takes?

Capgemini to hire rural women graduates

Candidates to be paid ₹3.8 lakh a year

Punjab & Sind Bank to raise up to ₹5,500 cr.

State-owned Punjab & Sind Bank on Saturday said its board has approved a proposal to raise up to ₹5,500 crore by issuing shares on a preferential

Harley-Davidson says working with partner Hero to ensure smooth transition for customers in India

American cult-bike maker Harley-Davidson on Saturday said it is working with its new partner Hero MotoCorp to ‘ensure a smooth transition’ for its

Bharti to buy 5.2% in solar firm Avaada

Bharti Airtel on Friday said it will acquire 5.2% stake in solar power firm Avaada MHBuldhana for ₹4.55 crore in an all-cash deal. Avaada MHBuldhana

Modi says India set to double oil refining capacity in 5 years, earlier than expected

India plans to nearly double its oil refining capacity in the next five years, Prime Minister Narendra Modi said on Saturday, offering a much more

Boeing 737 Max — ready to take off again

The narrowbody jets, grounded after two crashes, can now return to the skies

Indo Count to expand domestic market share

Firm saw demand rising since pandemic outbreak

‘Elevator sector facing challenges’

Realty taking time to recover, says Kone India MD

‘Travel sector may take years to return to pre-COVID-19 level’

Consolidation is inevitable, says Booking.com’s Mehrotra