Raghurmam Rajan's advice to govts: Fight virus first, worry about stimulus later

• 'We have moved from extreme confidence in markets to extreme panic, all in the space of one week,' said Rajan, who previously was chief economist at the International Monetary Fund

No decision by telecom panel on relief efforts amid AGR crisis

• The SC had last year upheld the government’s definition of adjusted gross revenue
• Digital Communications Commission met on Friday, following a series of meetings between Birla and top government officials.

Petrol, diesel, prices to go up from April 1 as pumps to sell BS6 fuel

• IOC has spent over ₹17,000 crore to upgrade its refineries to produce the low-sulphur diesel and petrol
• HPCL had said it was ready with BS6 fuels and that it would sell only the new fuels from March 1

Indian stock markets are not virus-proof after all

• Stretched equity valuations are exacerbating the fall
• Bigger issue now is how much global economy will be hit

$215 billion fund manager says coronavirus may be worst event in his career

• Scott Minerd, whose $14.6 billion Guggenheim Total Return Bond Fund has outperformed 92% of its peers over five years, has been cautious on global markets for months

Five things to watch out for in GDP data

• India’s quarterly GDP growth has been sliding for six consecutive quarters
• A lower base is expected to give a leg up to growth in 2019-20.

How Indian businesses may be impacted by China factory shutdowns

• Swathes of Indian businesses that import raw materials from China are bracing for a hit from the coronavirus outbreak
• Prolonged disruption in raw-material supplies can delay a recovery in India’s economy

Film review: ‘Thappad’ is on-message—and a little exhausting

• The film, while perceptive about the many slights women face, hammers the audience on gender inequality and violence until its nuances are lost

World prepares for coronavirus pandemic; global recession feared

• The US stock market fell into correction territory with the benchmark S&P 500 index down more than 4% on Thursday
• China - where the virus originated late last year - reported 327 new cases today

Melania Trump in awe with her recent India trip, posts 'unforgettable' moments

• During her visit, Melania Trump also attended the 'Happiness Class' in govt school
• The US First Lady shared a video of her visit to Taj Mahal with Donald Trump, terming the visit as 'breathtaking'

Rolls-Royce reports $1.1 bn operating loss tackling Trent 1000 engine issues

• Rolls said coronavirus was likely to hit air traffic growth in the near term
• The company has been working to resolve durability issues with its Trent 1000 engine

Food delivery biz heats up as Amazon set to disrupt Swiggy-Zomato duopoly

• Pilots for Amazon's food delivery platform are underway across five high-density pin codes in Bengaluru
• Swiggy and Zomato have been on a fund-raising spree, but valuations have largely remained

RBI flags risks to banks, inflation in telecom crisis

• Allow telcos to stagger payment of dues, RBI urges govt
• RBI’s monetary policy committee had cautioned about the impact of tariff hikes on inflation

Coronavirus: Kuwait confirms two more cases

• Globally, Coronavirus has killed more than 2,800 people and infected about 83,000
• The overall confirmed cases in China have reached 78,824 by the end of Thursday

Sensex sinks over 1,300 points, ₹5 lakh crore investor wealth gone in hours

• Overnight, the Dow suffered its worst-ever single day collapse in terms of points
• The rapid spread of coronavirus outside China had led to forecasts of a global recession

Godrej Properties to purchase land at Mumbai's Chandivali

• The project will offer 41,800 square meters of saleable area comprising
• Earlier this month, the company said it will acquire 26.58 acres in national capital for ₹1,359 crores

Gold prices today rise after falling for three days in a row

• Domestic gold prices can inch higher from current levels, say analysts
• Silver rates however declined today

Jio only one to not use Chinese components: Mukesh Ambani told Donald Trump

• Jio is the only network in the world that doesn't have a single Chinese component, Mukesh Ambani has said
• The Trump administration has been persuading India to keep China's Huawei out of the India's 5G deployments

Hyundai shuts down factory after worker tests positive for coronavirus

• Shares of the automaker dropped more than 5% after the news, while the wider market was down 2.6%
• The closing deals a fresh setback to Hyundai Motor, which has gradually resumed production at local plants hit by a Chinese parts shortage in the wake of the virus outbreak

Xbox Series X latest feature will resume your game progress even after reboot

• The Xbox Series X will come with significant upgrade over the Xbox One X in terms of processing power and will house new features
• The console is designed to be used in both vertical and horizontal orientations and it will deliver four times the processing power of Xbox One X

No-holds-barred Rajeev Misra vs Nikesh Arora fight rocks SoftBank

• Misra, head of the $100-bn Vision Fund, is said to have conducted a campaign to eject Arora by planting negative news stories, trying sexual blackmail
• The scrutiny faced by Misra is reminiscent of Arora’s situation before he was forced to leave SoftBank

Microsoft pulls out of Game Developers Conference 2020 over coronavirus concerns

• Microsoft will instead stream its planned sessions on its website
• Facebook, Electronic Arts and Sony's PlayStation have also opted to skip the conference

Government puts spending restrictions on ministries to contain fiscal slippage

• The government has told ministries to limit expenditure in March to 10% of their budget allocations against 15% earlier
• Ministries and departments have spent ₹21.1 trillion in the nine months ended 31 December, leaving ₹5.9 trillion available for spending during the three months to March

Stocks to Watch: IndusInd Bank, IndiGo, HDFC Bank, RIL, Motherson Sumi

• RBI has approved the appointment of Sumant Kathpalia as IndusInd Bank's CEO
• IndiGo launched a co-branded credit card Ka-Ching in collaboration with HDFC Bank and MasterCard

Bengaluru to get more trains after opening of third railway terminal

• Bengaluru's new railway terminal at Byappanahalli will have 7 platforms
• The Railways will also convert Cantonment station in the city centre into fourth terminal

Fear index up 52% this year as coronavirus spooks stocks

• The India VIX has gained 58%, while the Nifty has lost over 4% in 2020 so far
• Fears that the virus could hurt the economy far more than expected have kept investors on tenterhooks

Chicken sales drop 50% over coronavirus rumours on WhatsApp

• Misleading posts on social media have created a false impression coronavirus can be contracted through chickens
• Chicken sales have fallen to around 40 million a week from 75 million about four weeks ago

These are the top-selling smartphones in the world. Details here

• Apple captured top six places in the 2019 report and it is followed by Samsung
• The top 10 smartphone models alone captured approximately 15% of the global smartphone sales

Astronomers detect biggest ever cosmic explosion since Big Bang

• The blowing up released five times more energy than the previous record holding explosion in the galaxy cluster MS 0735 74, say astronomers
• They said the blowing up was so powerful that it punched a cavity in the cluster plasma

Diesel price cut again, petrol at 5-month low. Check latest rates

• Petrol price is now at a 5-month low while diesel is at a 7-month low
• Diesel price was cut by 5 paise a litre

WeWork fiasco has inspired a second TV series and a movie

• The first TV series was announced in December and will star Nicholas Braun, better known as Cousin Greg on HBO's Succession, as Neumann
• WeWork was valued at nearly $50 billion but suffered a fall after reported mismanagement and alleged self-dealing

Vodafone Idea asks for a steep hike in mobile data tariffs

• Setting a floor price would help it generate enough cash to pay its dues to the government, the company said
• Vodafone Idea users now pay as little as ₹7.8 for 1 GB per day under its 28-day plan for ₹219, with unlimited calling

Over 2 lakh bank ATMs to be recalibrated, account holders told not to worry

• Nearly 240,000 ATMs will be recalibrated over the coming months
• The recalibration exercise would entail exchange of ₹2,000 cassette with ₹500 ones

Trump's trip demonstrates value US places on ties with India: Mike Pompeo

• Trump's first official trip to India this week demonstrates the value the US places on the US-India partnership, Pompeo said in a tweet
• Trump's trip to India advanced the shared goals and paved the way for further cooperation in key areas such as energy, defence, people-to-people ties and Indo-Pacific coordination, Wells said

Atanu Chakraborty front runner for Sebi top post

• Other key contenders include Madhabi Puri Buch and corporate affairs secretary Injeti Srinivas
• The final call on the appointment will be taken by the two-member appointments committee of the cabinet comprising PM Modi and home minister Amit Shah