The great Indian grocery gig in the sky

As startups and global giants gear up to change how Indians buy grocery, the kirana store is finally in the picture

Delhi violence LIVE: Kejriwal visits riot-hit areas; death toll rises to 24

• AAP govt will give ₹1 cr compensation to Head Constable Ratan Lal who was killed in northeast Delhi violence: Kejriwal
• The situation in the violence-hit northeast Delhi was under control and the police was doing their job, said NSA

Voda Idea seeks sops, GST refund ahead of DoT’s top panel meet Thursday

• Vodafone Idea wants its GST refund of Rs8,000 crore be adjusted against its AGR dues
• Options such as deferred payments and setting up a fund to lend cheaper are being explored to bail out telecom cos

Now, bypass brokers and distributors to directly buy mutual funds from exchanges

• The move is likely to ease flows into direct plans of mutual funds
• Previously, investors had to go through an intermediary platform to invest in such plans

Rajinikanth condemns Centre over Delhi violence

• Kamal Haasan in a tweet in Tamil, said the path chosen by Rajinikanth is the right one and welcomed him
• His contemporary and Makkal Needhi Maiam chief Kamal Haasan hailed Rajinikanth's remarks, saying this was the 'right path'

Bank ATMs starts dispensing more of ₹500 instead of ₹2,000

• Some banks have already started recaliberation of their ATMs and other banks will also follow the suit
• The RBI in an RTI response last year had said that the central bank had stopped printing ₹2,000 denomination currency notes

Sansung Mobile crowned as India's most desired brand: TRA

• This is the fourth time Samsung Mobile has been crowned the most desired brand
• Automobile major Maruti Suzuki took the fifth spot followed by technology major Dell in the sixth rank

Banks to link floating rate loans to medium enterprises with external benchmarks

• All new floating rate loans to the Medium Enterprises extended by banks from 1 April, 2020 shall be linked to the external benchmarks: RBI tells banks
• The move is aimed at further strengthening monetary policy transmission

US Stocks: Wall Street gains ground after virus-driven selloff

• The Dow has lost more than 1,900 points in the past two days alone
• Investors were cautious as the U.S. Centers for Disease Control and Prevention urged Americans to be prepared

Mukesh Ambani, richest Indian, minted ₹7 cr every hour in 2019: Hurun List

• Mukesh Ambani was the richest Indian in 2019 with networth of $67 billion
• Uday Kotak, with a networth of around $15 billion, is the richest self-made banker in the whole world

IndiGo says have responded to all Sebi queries on related party transactions

• IndiGo has been facing a probe by the Sebi ever since a public spat came to light between two founders of the airline,
• The watchdog has been conducting a thorough probe into the IndiGo matter

Mercedes GLC Coupe facelift: All you need to know

• AMG version of GLC Coupe is likely to be replaced with 2.0-litre turbo petrol and 2.0-litre diesel engine options.
• Design updates on the outside are certain. The MBUX infotainment system will also make it debut in the car.

Masks & kisses: Love in the time of coronavirus

Experts recommend avoiding physical greetings with people showing symptoms

New Disney CEO’s first big challenge is coronavirus crisis

• Company’s theme parks in Shanghai, Hong Kong remain shut
• Infections spreading worldwide, raising risks to businesses

Govt closely monitoring coronavirus impact on economy: FM Nirmala Sitharman

• On bank mergers, Sitharaman said there is 'no uncertainty about bank merger' and the process is on as per the schedule
• The minister also said that the process of merger of public sector banks was underway as per the schedule

Ten reasons why coronavirus is setting off some recession alarm bells

• As cases spread, only some of the indicators investors use to monitor recession signals are flashing red
• The coronavirus has sent three-month borrowing costs above 10-year rates while the two-year/10-year curve is less than 20 basis points from inversion

Land Rover launches new Defender, the James Bond of SUVs, at ₹69.99 lakh

• The car was recently seen performing extreme stunts in the latest James Bond movie
• The Defender is being brought to India through the CBU route and will be offered in five different variants

Pvt labels to help drive profitable growth for e-commerce marketplaces: Report

• Private labels are instrumental in launching goods that fill gaps in the platform’s product portfolio
• Online retailers selling limited categories were relatively early to launch online private labels.

Govt removes specific kind of gas masks, surgical blades from banned export list

On February 8, the government removed surgical masks and gloves from the banned list

Uttar Pradesh govt against gambling, no licences for Goa-like casinos

• Bajpai sought to know if, like in Goa, the state government will consider giving licences to casinos
• The MLA, however, argued that gambling is known to take place in the state during the IPL cricket season

'India's slowdown bottomed out; economy needs to be opened up for 10% growth'

• Arvind Panagariya noted that since about 2003, India has been growing at an average rate of about 7% and the first five years of the Modi govt was characterised by 7.5% growth on an average
• Panagariya welcomed positive steps taken by the govt including on fiscal consolidation, fiscal deficit

Indian Air Force ready to take on any target if needed: Air Chief

The Air Chief further said the Rafale fighter jets and S-400 air defence systems will act as game-changers

Car sales in India to stabilise in 2020 on back of stimulus measures: Moody's

• The ratings agency expects sales to rebound only modestly in 2021 with growth of 1.5%
• Moody's also predicted auto sales decline in China

One year after Balakot strike: When 'Bandar' was code for success

• Five Spice 2000 bombs hit the targets while one was not successful
• A fleet of 16 aircraft of the IAF had crossed over to the Pakistani side and attacked a Jaish-e-Mohammad terrorist training camp in Balakot

If economic recovery happens, BSE Sensex may reach 43,560 by end of 2020: Poll

• The benchmark, which rallied over 14% in 2019, has plunged this week, echoing a global sell-off caused by the spread of coronavirus
• The latest Reuters survey forecast the index would gain over 4% to 42,000 by mid-2020 from Tuesday's close of 40,281.20, down from the 42,696 predicted three months ago

Situation in riot-hit northeast Delhi 'under control': NSA Ajit Doval

• Ajit Doval was greeted warmly at some places, but at a location two agitated locals complained about the violence
• Ajit Doval said he was there as per the instructions of Prime Minister Narendra Modi and Home Minister Amit Shah

In a first, BMC seizes 2 helicopters for property tax dues

BMC seizes two helicopters of MESCO Airline for non-payment of property tax dues of over Rs16 million

Government notifies 100% FDI for insurance intermediaries

• FM Sitharaman in the Union Budget last year said that 100% FDI will be permitted for insurance intermediaries
• This will bring in global practices in the country, which will include new insurance products and selling strategy

IndusInd, the best Indian bank stock for decade, stutters as succession looms

• IndusInd was the best performing stock on the Bankex index from early 2008, when Romesh Sobti took over, until September 2018
• While 72% of analysts tracking IndusInd still recommend the shares, the ratio of ‘buy’ calls has dropped to the lowest in a decade

Central govt sees privatisation as answer to flailing state power firms

• n one of the most recent such moves, Tata Power Co. last year acquired one of the distribution utilities in the state of Odisha

Cabinet nod to surrogacy bill; now widows and divorcee women can benefit as well

• The proposed insurance cover for surrogate mother has now been increased to 36 months from 16 months provided in the earlier version
• The amended bill is likely to be tabled in the second half of the Budget Session beginning next month

Hyundai launches Grand i10 Nios Sportz at ₹7.68 lakh: All you need to know

• The new 1-litre turbocharged GDi petrol engine of the Grand i10 Nios Sportz is BS6 compliant
• The car is available in single-tone and dual-tone paint jobs

Scale at Reliance Retail has not deterred its growth engine yet

• Retail business accounts for about 26% of Kotak’s total EV estimates. In value terms, it’s worth ₹3.4 trillion
• Recently, the firm topped the list of 50 fastest-growing retailers during FY13-18 in Deloitte’s Global Powers of Retailing 2020 index

Coronavirus updates: Europe on high alert; Greece reports first case

• Brazilian officials report first confirmed case of new coronavirus in Latin America
• The death toll in China's novel coronavirus epidemic today climbed to 2,715 with 52 new fatalities

SBI Cards IPO: Record demand seen. Price, reservation, expected listing date

• About 1.3 crore shares or about 10% of the issue size is reserved for SBI shareholders
• SBI Cards is second-largest credit card issuer in India

Gold prices today fall sharply for second day in a row, silver rates slump

• Gold prices in India have fallen over ₹1,000 per 10 gram in just two days
• Silver rates have seen a bigger fall

GMR receives ₹5,248 crore from Groupe ADP

• On 21 February, it was announced that Groupe ADP would acquire 49 per cent stake in GMR Airports Ltd (GAL) for ₹10,780 crore
• The deal would help the group to reduce its debt burden