How startups crack the profits puzzle

• Nudged by investors, many startups are abandoning a growth-at-all-costs approach. Here’s how
• Surveys have shown that there is a strong need for offline touchpoints, which would allow customers to see and get a sense of the products they saw online

Kumar Mangalam Birla meets telecom secretary on AGR issue

• Vodafone Idea on Monday paid ₹2,500 crore to DoT and will repay another ₹1,000 crore by the end of the week
• SC on Monday refused to hear Vodafone plea, seeking directions to DoT to not to take coercive steps

Poco X2 Review: This is the budget phone for gamers

• At ₹15,999, Poco X2 costs slightly less than Realme X2 ( ₹16,999)
• Poco X2's bigger-than-usual 6.7-inch LCD display is great for gaming

Gold ETFs in India lure big inflows even as buyers shun jewelry

• Indians invested the most in gold ETFs in more than seven years in January
• By contrast, gold imports halved in January

GoAir Ahmedabad to Bengaluru flight catches fire during takeoff; passengers safe

• In a statement, GoAir said that the passenger and crew on GoAir flight have been deplaned safely
• The revised departure from Ahmedabad is scheduled at 1.30 due to Bengaluru runway closure till 3 pm, GoAir said tweeted

HSBC to cut 35,000 jobs over three years

• The bank, which has long underperformed rivals, is seeking to become leaner and more competitive as it tries to grapple with a swathe of challenges
• HSBC said the ongoing coronavirus epidemic had significantly impacted its staff and customers, and the outbreak could in the long run reduce its revenue

Coronavirus epidemic may send India’s earnings growth into a tailspin

• Earnings growth rates could moderate due to coronavirus impact which puts Nifty’s 1-year forward valuations at risk
• Virtual shutdown in China will have ramifications on global growth as well as Indian economy

Sebi tightens norms for investment advisers to prevent mis-selling

• The regulator said an entity can provide either advisory services or distribute financial products
• Sebi cleared norms for regulatory sandboxes, allowing the live-testing of new financial services in a controlled environment

Petrol and diesel prices become cheaper today. Know the latest rates

• Petrol and diesel rates have been on a declining path since January 12
• Various factors like international crude oil prices, rupee-US dollar exchange impact the petrol and diesel prices in the country

SBI Cards’ ₹9,000-crore IPO set for early March launch

• First sharesale of 2020 wil mark the larges-ever public market exit for a PE firm in India
• SBI, which has a 74% stake, and Carlyle, which holds 26% through its unit, will sell 130.5 mn shares

Barbeque Nation files IPO papers with Sebi to raise ₹1,000-1,200 cr

• The IPO comprises a fresh issue of shares worth ₹275 crore
• The issue is being managed by IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets

RIL media business merger an opportunity to scale up, take on rivals: Experts

• RIL could enhance to an integrated media and entertainment company with revenue of ₹80 billion
• TV18 Broadcast, Hathway Cable & Datacom and Den Networks will be merged into Network18

No more free WiFi from Google at 415 Indian railway stations

• Google claimed that there’s a growing availability of 4G connectivity and the prices are much lower
• Google was responsible for the technology support and provided Radio Access Network

Kohli breaks another record, becomes first Indian with 50 mn Instagram followers

• Virat Kohli so far has 930 Instagram posts, two IGTV videos and follows 148 people
• Priyanka Chopra Jonas comes second in the list with 49.9 million followers

You can’t name your pets as beneficiaries of a trust or Will

• Indian law prevents someone from leaving wealth or assets to pets directly or via a trust

Stocks to Watch: RIL, IndiGo, HCL Tech, Grasim Industries, Vodafone Idea

• Vodafone Idea on Monday paid ₹2,500 crore as part payment of AGR dues
• Grasim Industries' board has approved raising ₹500 crore via NCDs on a private placement basis

Microsoft launches all-in-one Office app for Word, Excel and PowerPoint

• Microsoft has launched the all-in-one Office application on Android smartphones with one major caveat
• Microsoft is finally combining Word, Excel, and PowerPoint under one single app

Elon Musk calls Bill Gates underwhelming after billionaire buys a Porsche

• Bill Gates spoke with a YouTube influencer last week about the challenges of reducing emissions to slow climate change
• He called the passenger-car industry 'one of the most hopeful' sectors taking action in this regard

Coronavirus update: Toll rises to 1868, Wuhan hospital director dies of virus

• The death toll from China's coronavirus outbreak climbed to 1,886 on Tuesday as 98 more people died while the total number of confirmed cases jumped to 72,436
• WHO warned against 'blanket measures' over the novel coronavirus outbreak, pointing out the epidemic outside of China was only affecting a 'tiny' proportion

Xiaomi Redmi 8A Dual first sale today: Specifications, offers and more

• Redmi 8A Dual will be available on Amazon India’s website and Xiaomi's official online store
• The phone features one 13MP lens along with a 2MP depth sensor

Apple may launch iPhone SE 2 on 31 March, reveals fresh report

• Apple analyst Ming Chi Kuo previously said he expects the iPhone SE 2 to come with the same A13 CPU and 64GB or 128GB of storage
• Apple may also release the iOS 13.4 sometime during the first week of April

Amazon boss Jeff Bezos commits $10 billion to fight climate change

• Bezos, the world’s richest person, said in an Instagram post that he'll start giving grants this summer to scientists, activists and nonprofits working to protect Earth
• Amazon, the company Bezos runs, has an enormous carbon footprint

EU rejects Zuckerberg's offer on regulating online content

• Last year, Zuckerberg called for governments to work with online platforms to create and adopt new regulation for online content
• Facebook said regulators should develop an understanding of the capabilities and limitations of technology in content moderation

Oyo's loss rises sevenfold but says no brakes on expansion

• The hospitality firm reported widening of its consolidated net loss to $335 mn for the financial year ended March 2019, mainly on account of international expansion
• Oyo’s loss in its oldest market India narrowed to 14% of revenue in the last fiscal from 24% in the year-ago period

RIL to merge its distribution, media business into Network18

• The broadcasting business will be housed in Network18 and the cable and ISP businesses in two separate wholly owned subsidiaries of Network18
• RIL had in November 2014 taken over Network 18 Media and Investments Ltd through its Independent Media Trust

Trump’s food: What’s on US President’s menu besides a trade deal

• Trump is a known lover of Diet Coke, McDonald's and meatloaf
• The US president doesn't drink coffee, tea, or alcohol

Samsung Galaxy M31 price revealed ahead of launch: Check price, specifications

• The device would also sport Samsung's signature super-AMOLED display
• The smartphone will arrive in two variants -- 6GB/64GB and 6GB/128GB

Namaste in the time of corona: Mahindra pitches for Indian custom's dominance

• The firm handshake, High 5 and the First Bump maybe under threat. In today's world they both involve touching, an act which spreads the threatening coronavirus
• Mahindra group chairman Anand Mahindra has pitched for the global dominance of Namaste

Vodafone Idea, Airtel make partial payments after SC tough talk

• SC refuses to entertain Voda Idea plea that sought directions to DoT not to take coercive steps
• While Vodafone Idea on Monday paid ₹2,500 crore to DoT and will cough up an additional ₹1,000 crore before the end of the week. Bharti Airtel has deposited ₹10,000 crore

Realme X50 Pro 5G launch on 24 Feb: Aims to become India's first 5G smartphone

• Vivo’s IQOO 3 5G is also bidding to be the first 5G smartphone in the country
• The new Realme device will be positioned as a flagship smartphone

Coronavirus takes a bite out of Apple; shortage in iPhone supply, warns company

• Apple said iPhone is temporarily constrained due to production ramping up more slowly than anticipated
• Apple had forecast revenue of $63 billion to $67 billion for the fiscal second quarter ending in March

Cyrus Mistry moves Supreme Court seeking directorship at Tata Sons

• In the petition filed on 13 February, the Mistry firms said NCLAT did not grant them the reliefs they had sought
• In its order on 13 December, NCLAT had found faults in the conduct of Tata Sons

PM Modi meets Varanasi rickshaw puller who invited him to daughter's wedding

• PM Narendra Modi met Mangal Kewat, the rickshaw puller who had sent his daughter's wedding invite to him
• The Prime Minister commended him on his contribution to the Swacch Bharat Abhiyaan

RBI receives ₹1.94 trillion bids for repo operation

• The RBI move is aimed at providing cheaper money to banks at the repo rate so that it can be used to boost credit growth
• The central bank also withdrew the daily fixed rate repo and four 14-day term repos every fortnight

Tata Teleservices pays ₹2,197 crore worth of license fees

• TTSL and TTML have also submitted to DoT the details of calculations in support of the payment
• Last week, the Supreme Court came down heavily on the Telecom Department for not taking steps to recover statutory dues