The Times Of India Business

RIL to cover Covid vaccination costs for staff

Billionaire Mukesh Ambani's Reliance Industries Ltd will bear the cost of vaccinating its employees and their immediate family, totaling an estimated 12.2 lakh, as the oil-to-telecom conglomerate looks to safeguard them against the Covid-19 virus.

Biden looks forward to engaging with Quad partners

US President Joe Biden looks forward to engaging with his counterparts in Australia, India and Japan in the Indo-Pacific region as soon as possible, according to a senior administration official.

FDI inflows rise 40% to $53bn in April-December

Foreign equity inflows shot up 40% to $52.9 billion with gross FDI rising over 22% to $67.5 billion during April-December 2020 on the back of deals in the digital space, such as those involving Reliance Jio.

Indian tea exports dip 18% in 2020

India, the world’s second largest tea producer, saw tea exports fall by about 18% or 44 million kg (mkg) to 208mkg in 2020 compared to 252mkg in the previous year, according to industry sources. However, Kenya, the country’s toughest competitor in tea exports, saw its exports increase by 22mkg to 519mkg in 2020.

Tata to go solo, no tie-up with Tesla, says Chandra

Putting at rest all speculation around a partnership with Tesla, Tata Sons chairman N Chandrasekaran said on Wednesday that there is “no dialogue” with the Elon Musk-owned car company for a partnership in India, while adding, “We will do it on our own.”

Sensex slumps over 440 pts, Nifty below 15,000

The BSE benchmark sensex tumbled over 440 points and the NSE Nifty cracked below the key 15,000-level in early trade on Friday in line with a slump in other Asian markets as US bond market turmoil continued to fan investor worries globally

Wipro buys UK firm Capco in $1.5 billion deal

Wipro will acquire London-based global management and tech consultancy Capco for $1.5 billion to bolster its presence in the banking, financial services & insurance (BFSI) space.

PropShare floats Rs 700cr fund to buy office spaces

Banks may seek extension of freeze on NCLT proceedings

Bankers are worried that there will be a flood of applications at the National Company Law Tribunal (NCLT) after the government suspension of insolvency proceedings ends on March 25 this year.

Cognizant to hike bonus, offer more promotions

At a time when its voluntary attrition rate is the highest in the sector at 16% for the December-ended quarter, IT major Cognizant is rewarding top performers over and above the bonus amount.

EPFO liquidates equity outlay, retains 8.5% payout for FY21

The decision was taken at a meeting of the EPFO’s central board of trustees headed by labour minister Santosh Gangwar. It will need to be endorsed by the finance ministry, which is known to raise the red flag almost every year before holding itself back.

10 power assets attacked by Chinese cyber group

According to Christopher Ahlberg, CEO of Recorded Future, the Massachusetts-based enterprise security outfit that detected the intrusions, 10 Indian power sector assets and the Mumbai and Tamil Nadu’s VO Chidmabaranar ports came under attack.

Fuel prices set to shoot up as OPEC+ extends output cut

Opec, allies keep oil output unchanged, prices jump

Members of oil producer cartel Opec and allied countries have agreed to leave most of their existing oil production cuts in place as the spread of new coronavirus variants prolongs concerns about economic weakness.

Cognizant announces bonus, promotions for employees

IT services major Cognizant on Thursday said it is offering bonuses that are "substantially higher than 2019" and has promoted more than 24,000 employees across levels.

Covid-19 prompts women to take ownership of money, invest more: Survey

A greater number of women in India are taking ownership of their money and investing more as compared to 2020, when the Covid-19 pandemic ravaged the economy and hit household budgets, according to a survey.

Wipro to acquire UK-based consultancy Capco for $1.45 billion

IT services major Wipro Limited on Thursday announced that it has signed an agreement to acquire Capco, a global management and technology consultancy to banking and financial services industry, for $1.45 billion.

Flipkart considers US listing with SPAC as option

Walmart Inc's Flipkart is exploring going public in the US through a merger with a blank-check company as it seeks to quicken its listing process, according to people familiar with the matter.

Why global power grids are still vulnerable to cyber attacks

More than five years after massive cyber attacks left a quarter of a million Ukrainians without electricity, the world’s power grids have become even more vulnerable to hackers. As utilities turn to sources of renewable energy and add millions of other components like smart meters, they’re rapidly multiplying the number of connections and sensors, widening the potential for intrusions.

Sensex slips 599 pts; Nifty ends below 15,100

Equity indices plunged on Thursday after rising for three straight sessions dragged down by losses in metal and financial stocks. The benchmark BSE sensex dived 599 points or 1.16 per cent to close at 50,846; while broader NSE Nifty moved 165 points or 1.08 per cent lower to settle at 15,081.