What value may lie within the doors of LIC

• The Centre’s ₹2.1 trillion disinvestment bet may rely heavily on a stake sale in LIC. What are the odds of a windfall?
• LIC will have to review its profit- sharing arrangement and improve product mix, persistency ratios for a decent valuation. Fears of government influence continue to loom over the valuation

Telcos owe around Rs22,589 cr as licence fees; rest Rs70k cr is interest,penalty

• As telecom operators scramble to comply with Supreme Court order on AGR dues, the sources said actual pending liability regarding licence fees is ₹22,589 crore
• Bharti Airtel has paid ₹10,000 crore, Vodafone Idea ₹3,500 crore and Tata Group ₹2,197 crore for both licence fee and SUC dues

Group ADP to pick up 49% in GMR Airports Limited

• The first tranche of Rs. 5,248 crore will be received by GMR Group immediately, which will be utilised to deleverage the Group's massive debt
• The company said that the total valuation assuming all above earn-outs are successfully consummated, may reach ₹26,475 crore

Centre pays Rs19,950 crore GST compensation to states

• Central govt has paid over Rs1.2 trillion towards GST compensation to states and UTs
• The govt has a target of collecting Rs1 trillion in GST cess in the current fiscal

Sunil Mittal meets Telecom Minister amid AGR turmoil

• Sunil Mittal said the telecom industry is vital to the nation and its digital future
• Bharti Airtel and Vodafone Idea together serve 61% of the telecom users in India

Inflation upset RBI monetary policy panel’s rate cut plan, show minutes

• Minutes show RBI rate-setting panel is ready to cut policy rates as soon as headroom opens up
• Members are worried over the recent rise in inflation but believe it would begin to drop soon

SAP advises ‘work from home’ after few employees test H1N1 positive

• SAP says few cases of H1N1 (Swine flu) have been detected out of its Ecoworld office in Bengaluru
• As a precautionary measure SAP’s offices across Bengaluru, Mumbai and Gurugram will temporarily remain closed until further notice

Coronavirus Live update: Fecal transmission behind virus’s rapid spread

• The death toll from the coronavirus outbreak in China has climbed to 2,118 as 114 more people died of the deadly infection on Wednesday, while the overall confirmed cases increased to 74,576
• US scientists create 1st 3D map of the protein used by the deadly virus to invade to and infect the human cells, a critical step toward developing vaccine and treatments

Hindujas, Cerberus will partner to bid for Yes Bank stake

• Yes Bank has been struggling to raise capital for the past few months, amid concerns about the quality of its assets and its exposure to the stressed shadow banking sector

IRCTC stock zooms 500% over IPO price in four months

• On a standalone basis, IRCTC's net profit jumped 179.6% to ₹205.80 crore in Q3
• Revenue from internet ticketing segment surged 310.16% YoY to ₹226.90 crore

Trump, Modi to visit Sabarmati Ashram before 'Namaste Trump' event

• The Commissioner said all the buildings near the stadium will be monitored and police will facilitate the management of the crowd present there
• Donald Trump will be on a two-day state visit to India on February 24-25 at the invitation of Prime Minister Narendra Modi

India will not 'rush into' a trade deal with US: MEA

• Around five MoUs are under discussion, MEA spokesman Raveesh Kumar said
• Issue related to H1-B visa will figure during PM Modi- Donald Trump talks, says the MEA spokesman

New Delhi downplays Donald Trump's comments that US not treated well by India

• The MEA spokesperson said the India-US relationship is progressing from strength to strength
• The US remains the top trading partner for India in terms of trade in goods and services, followed by China

309 applicants for one post of constable; Ashok Gehlot promises 50,000 jobs

• Despite several vacancies getting stuck in legal tangles and the proverbial red tapes, Gehlot sounded confident of creating around 50,000 jobs this year
• For the post of 5,483 constables, announced to be filled this year, around 17 lakh applications have been received.

Fitch takes Bharti Airtel off 'watch negative'

• Vodafone Idea on Monday paid ₹2,500 crore towards dues related to adjusted gross revenue (AGR) and deposited an additional ₹1000 crore today
• The development comes after Supreme Court on Friday pulled up Bharti Airtel, Vodafone Idea as well as officials of DoT for delaying the payment of dues

DRDO anti-drone system to be deployed for Trump-Modi roadshow

• Donald Trump and PM Narendra Modi will take part in a 22km-long roadshow in Ahmedabad and jointly address a gathering at the newly- built cricket stadium in Motera
• The DRDO system is equipped to instantaneously detect and identify drone threats and terminate them

Westinghouse set to sign pact with NPCIL for nuclear reactors during Trump visit

• US has been discussing the sale of nuclear reactors to India since a 2008 landmark civil nuclear energy pact
• Donald Trump has made bilateral trade with India a top priority, seeking greater market access for U.S. products from farm goods to motorcycles

Ambuja Cements appoints Neeraj Akhoury as MD and CEO

• Akhoury will be taking over from Bimlendra Jha, who resigned to pursue other interests
• Chairman N.S.Sekhsaria says we are confident that Neeraj will lead Ambuja Cements further to higher levels

India rejects China's objection to Amit Shah's visit to Arunachal Pradesh

• Arunachal Pradesh is an 'integral and inalienable' part of India, says MEA spokesperson Raveesh Kumar
• Objecting to the visit of Indian leaders to an Indian state does not stand to reason and understanding of the Indian people, the MEA spokesperson said

Aeris launches industry's first asset protection IoT platform

• The Asset Assurance Platform will provide on-demand visibility of moving assets by tracking their location as well as utilization history
• Given the secured nature of lending, asset repossession becomes an important consideration for financing companies in the automotive sector.

Crisil cuts Vodafone Idea NCD rating, cites likely lack of relief on AGR dues

• Vodafone Idea on Monday paid ₹2,500 crore towards dues related to AGR, will pay ₹1,000 crore more by Friday
• Vodafone owes ₹50,000 crore in AGR dues

Govt probe finds no major irregularities in Indiabulls group: Report

• The registrar of companies in its third inspection report has said all transactions between various units of the group have been at arms’ length: Report

SBI Cards IPO to open for subscription on March 2

• SBI Cards plans to issue new shares worth ₹500 crore and will offer up to 130.5 million shares for sale, the prospectus, showed

Adani Gas gets oil regulator nod for demerger, stake sale to Total

• The sources said subsequent to that, PNGRB processed the application and gave its approval
• In October 2018, the Adani group agreed to form a 50:50 joint venture with Total for retailing CNG to automobiles and piped cooking gas to households

Oppo launches trial version of ColorOS 7. Check devices that will get the update

• The trial version of ColorOS 7 can be accessed on ten Oppo handsets
• The company is claiming seamless and fast user experience with the new update

DHFL reports net profit in Q3, but auditors wary

• Stressed lender posts ₹934 cr stand-alone net profit, primarily on a tax adjustment
• During the Dec quarter, DHFL gains from a deferred tax adjustment of ₹1,102 crore

China has realised it can't back its Pakistan 'all the time': Army Chief

• The Army Chief stressed that if the FATF comes down heavily on Pakistan, then the neighbouring country may be forced to do a rethink on their terror activities and rhetoric
• Earlier, it was reported that Pakistan will remain in the Financial Action Task Force's (FATF) grey list

CBI court adjourns hearing in Aircel Maxis case to 4 May

• Investigating agencies sought time to complete probe in the matter
• Letters rogatory had been sent to four countries and their response is awaited

Aurobindo Pharma gathers pace, but new launches in US remain key

• Unit IV is a key facility, accounts for nearly a third of firm’s pending abbreviated new drug applications in the US
• Investors now focus on how fast the company closes acquisition of Sandoz

TikTok to focus on self regulation to ensure users 'post responsibly'

• TikTok was in the news for suspending the accounts of a few creators who had posted political content
• The small video platform is growing at a fast rate, and there has been 100 times growth in consumption

India's first coronavirus patient discharged from Kerala hospital

• The woman, India's first coronavirus patient, had been undergoing treatment in the isolation ward of the Medical College Hospital in Thrissur since her return from Wuhan in China last month.

India Inc’s Q3 numbers miss expectations, signal slow recovery ahead

• Net sales of Nifty 50 firms fell 2% in Q3, the second straight quarter of decline
• Automakers were hit particularly on account of low volumes due to the BS-VI transition

Ola 'Emergency Button' now integrated with Bengaluru police app

• The integration will let users share their ride-information including driver and car details with the city police
• This is the second city after Hyderabad where Ola implemented this feature

Lenovo launches wireless headphones at ₹2,499

• The headphones are right now available on Amazon
• It comes equipped with dual EQ mode, and there is also a standard mode

Axis Bank, Max Financial Services in pact to explore partnership with Max Life

• Max Life is the largest non-bank owned private life insurer in India
• Axis Bank, Max Life have had a successful bancassurace arrangement for nearly a decade

Three Indian species now in global protection list for migratory animals

• All the three animals were included in the ‘Appendix I’ of the Convention on the Conservation of migratory species of wild animals
• The government highlighted that the Indian elephant is struggling to survive in the continually shrinking, degraded and fragmented habitat

Ronaldo’s tweets earn most of any athlete, but where does Virat Kohli rank

• First non-footballer to be on the list is Los Angeles Lakers’ forward and three time NBA winner Lebron James
• First female on the list is 23-time grand slam champion Serena Williams

How India’s top local streamer is battling Netflix and Disney's Hotstar

• Zee5, the top domestic streaming platform set up by India’s biggest television broadcaster, is betting on local content
• There are 22 official languages in India, creating a broad battlefield for niche audiences.

Gold prices today hit record highs for third day in a row, silver rates jump

• The investment demand for gold continues to grow
• Silver rates also moved higher today

Marine One reaches India. 7 amazing facts about world's most powerful helicopter

• The President on board the Marine One is always greeted by a marine in full dress no matter where the helicopter lands under the sun
• The Marine One flies with as many as 5 identical helicopters