FEB
M&M XUV700 price cut: No link with UP's policy, move was part of plans announced in Feb, Mahindra says
Mahindra & Mahindra clarified that its recent XUV700 price cut is not linked to Uttar Pradesh's EV policy but is part of a business strategy to lower average prices, outlined in a February analyst meeting. Shares fell as much as 7% on Wednesday. The price cuts stem from material cost savings and strategic planning.
BofA downgrades HDFC Bank, cuts target price after 20% rally from Feb-lows
Following a 20% rally in HDFC Bank shares due to value buying and optimism over potential MSCI weightage increase, global brokerage firm BofA downgraded the private sector lender from buy to neutral. They also revised the target price to Rs 1,830 from Rs 1,850, citing potential challenges in navigating FY25.
It's taxing times for electoral bond buyers after Supreme Court's Feb verdict
More than 1,000 entities who purchased electoral bonds for political donations may now face inquiries from tax authorities regarding the deductions claimed on these contributions, following the Supreme Court's decision to invalidate the scheme in February. The Supreme Court, in its ruling on February 15, declared the electoral bond scheme unconstitutional. Since its introduction in January 2018, the scheme had amassed Rs 16,518 crore in donations for political parties.
Remember James Rodriguez?
Colombia triumphed over Paraguay with a 2-1 victory, maintaining their unbeaten streak. James Rodriguez's stellar performance contrasted with Miguel Almiron's lackluster display for Paraguay, highlighting the difference in quality between the two sides.
India to play five Tests, eight T20Is and three ODIs at home from September-February next year
India's senior men's team's schedule announced by BCCI includes five home Tests in World Test Championship calendar before facing Australia in a five-match series. They will play two Tests against Bangladesh, followed by a three-match series against New Zealand. Additionally, India will host eight T20Is and three ODIs, including a series against England in January-February. The home season starts on September 19, concluding with the Champions Trophy.
India's mineral production rises 8 pc in Feb
India's mineral output surged 8% in February. The mining index reached 139.6, up by 8%. April-February growth stood at 8.2%. Key highlights include gold production, copper conc growth, and negative growth in iron ore, lead conc.
India's infrastructure output slows down to 5.2% in March as against 7.1% in Feb
India's eight core sectors saw an annual growth rate of 5.2% in March, with production in cement, coal, electricity, natural gas, steel, and crude oil showing positive growth.
RBI's dollar purchases in Feb highest since June 2021
In January, the RBI had net purchased $1.9 billion in the spot market, the central bank's April 2023 Bulletin showed. In February, the RBI did not sell US dollars in the currency market.
Byju’s pays part of March salaries to employees, yet to clear Feb payouts
Byju's CEO covers March salaries with personal debt. Blocked rights issue, $200 million raised earlier. Investors like Prosus, General Atlantic, Sofina involved in NCLT case. Partial payouts made on April 20.
US highlights irregularities in Feb 8 polls in Pakistan
The US has expressed concerns about irregularities in Pakistan's recent general elections. Assistant Secretary of State Donald Lu highlighted issues such as restrictions on freedom of expression and attacks on media workers. Despite these concerns, Lu acknowledged positive aspects of the elections, including increased participation of women and minority groups. The US reiterated its commitment to supporting Pakistan's democratic institutions and countering terrorist threats. The elections resulted in a coalition government led by the Pakistan Muslim League-Nawaz and the Pakistan Peoples Party, a move contested by Imran Khan's Pakistan Tehreek-e-Insaf party, alleging vote rigging.
NMDC iron ore output grows 13 pc in April-Feb; sales surge 21 pc
NMDC, the country's largest iron ore mining company, reported a 13% increase in iron ore production to 40.24 million tonnes during the April-February period of the 2023-24 fiscal. However, production in February fell by 12% compared to the same month last year.
Pakistan Tehreek-e-Insaf urges IMF to audit Feb 8 elections before talks with govt over bailout package
While addressing a press conference in Islamabad on Wednesday, PTI leaders Barrister Gohar Ali Khan, Omar Ayub, Meher Bano Qureshi, and Muzammil Aslam have revealed details regarding PTI's letter to IMF.
Born on February 29? 'Leap Year Babies' tend to be stable, practical & orderly
While their birthdays may come once every four years, people born on February 29, possess a number of unique qualities that makes them a formidable employee and a desirable partner! Stable, poised and elegant, these folks can meet any challenges head on!
Zydus Lifesciences' Rs 600 crore buyback offer to open on Feb 29
Zydus Lifesciences on Tuesday said its offer to buy back 59.7 lakh shares at Rs 1,005 apiece, aggregating to Rs 600 crore, will open on February 29. The share repurchase programme will close on March 6, 2024, the drug firm said in a regulatory filing.
Telangana govt to launch two 'poll guarantees' on Feb 27, Priyanka Gandhi to attend
The supply of LPG cylinders for Rs 500 and free power supply of up to 200 units to white ration card holders would be started on February 27, he said. "Smt Priyanka Gandhi ji is also going to attend the programme," he added.
These areas in Hyderabad to face water shortage on Feb 22nd
Scheduled maintenance work on the 132 KV Kandi-Peddapur feeder on February 22 will lead to water supply disruptions in certain areas of Hyderabad. Residents should prepare for partial interruptions, with some areas facing complete disruption. The affected areas include Sheikpet reserve, Borabanda reserve, Lingampa reserve, and others. Residents are advised to make necessary arrangements during the maintenance period.
Budget session of Uttarakhand assembly to begin on Feb 26
The budget session of the Uttarakhand assembly will be from February 26, according to a notification issued on Tuesday. The session will start with the governor's address and the state's annual budget is likely to be laid on the second day of the session on February 27, it stated.
Rajya Sabha Elections: BJP names two candidates from Rajasthan ahead of Feb 27 polls
The BJP has announced two candidates for the upcoming Rajya Sabha polls in Rajasthan, excluding outgoing MP Bhupender Yadav. The Congress is yet to declare a candidate. The BJP is expected to secure both seats, while the Congress has the numbers to win one. Elections for 56 Rajya Sabha seats across 15 states are scheduled for February 27. The BJP has named 14 candidates so far, with more to be announced in the coming days. Several BJP ministers whose terms are ending in the Rajya Sabha may be fielded in the general elections.
Gearing up for LS polls, Telangana BJP decides to conduct 'yatras' from Feb 20 to Mar 1
Telangana BJP plans roadshows covering Mahabubnagar, Nagarkurnool, and Nalgonda. The mass-contact program will cover all 17 Lok Sabha constituencies, 33 districts, and all mandal headquarters in the state.
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