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A brisk pace of growth in government capital spending directly contributes to a steady economy. The opposite has been happening in the first two quarters of this fiscal. (Photo: Reuters)
A brisk pace of growth in government capital spending directly contributes to a steady economy. The opposite has been happening in the first two quarters of this fiscal. (Photo: Reuters)

Battered infra dream awaits a new deal

  • A long-awaited ramp up in infrastructure spending was derailed by the pandemic. Now, all eyes are on the Budget
  • The near collapse in public funding, especially at a time when India is striving to capture a slice of the global supply chains through its China+1 gambit, could have worrisome consequences

From The Wall Street Journal
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This will also be only the third InvIT to be listed in the Indian markets, after IRB InvIT and India Grid Trust both of which went public in 2017 (Photo: Bloomberg)
This will also be only the third InvIT to be listed in the Indian markets, after IRB InvIT and India Grid Trust both of which went public in 2017 (Photo: Bloomberg)

Power Grid files offer document for InvIT IPO, first ever by a PSU

  • This will be the first time a state owned entity is monetizing its infrastructure assets through the InvIT route
  • The InvIT will initially comprise of 11 power transmission lines currently owned and operated by Power Grid

HUL’s Ebitda margins declined by 87 basis points versus last year’s same quarter

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File Photo: Vehicle manufacturers like Maruti had to close their factories and showrooms from March 22 following the lockdown (REUTERS)
File Photo: Vehicle manufacturers like Maruti had to close their factories and showrooms from March 22 following the lockdown (REUTERS)

Maruti Suzuki expected to report double digit growth in net profit for Q3

  • The carmaker is likely to report a 13% year-on-year increase in net profit to 1775.6 crore as result of 13% jump in net sales to 23417.3 crore, according to a brokerage
  • Maruti Suzuki also registered double digit growth in retail sales during the Navratri and Diwali festival season after two years

Sanjiv Chadha, chief executive, Bank of Baroda
Police cordon off the factory of pharmaceutical and biotechnology company Wockhardt which produces the Covid-19 vaccine in Wrexham (AFP)
Police cordon off the factory of pharmaceutical and biotechnology company Wockhardt which produces the Covid-19 vaccine in Wrexham (AFP)

AstraZeneca UK COVID vaccine plant evacuated after over a suspicious package

  • Operated by Wockhardt UK, the plant provides so-called fill-and-finish capacity for AstraZeneca's UK supply chain
  • A spokesman for Prime Minister Boris Johnson said his office was being kept up to date on developments in Wales

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Photo: Ramesh Pathania/Mint
The survey said employment recovery has been uneven and urban India lags behind in the recovery (AP)
Sabyasachi Mukherjee, CEO and Founder, Sabyasachi Brand
(Photo: Reuters) (AP)
Indian markets tanked sharply on Wednesday. Photographer: Dhiraj Singh/Bloomberg (Bloomberg)
FILE - In this April 16, 2015 file photo, an Airbus A319 of Air India prepares to land at the Indira Gandhi International airport in New Delhi, India. India’s government says it has received “multiple expressions of interest” in buying its 100% stake in the debt-laden national carrier Air India to shore up falling government revenues after an initial attempt in 2018 failed to attract any bidders. The deadline for submission of formal bids was Monday, Dec. 14, 2020, and the government is expected to announce the qualified bidders on Jan. 5. It did not reveal the identity of the bidders or the number of bids received. (AP Photo/Altaf Qadri, File) (AP)
FILE - In this April 16, 2015 file photo, an Airbus A319 of Air India prepares to land at the Indira Gandhi International airport in New Delhi, India. India’s government says it has received “multiple expressions of interest” in buying its 100% stake in the debt-laden national carrier Air India to shore up falling government revenues after an initial attempt in 2018 failed to attract any bidders. The deadline for submission of formal bids was Monday, Dec. 14, 2020, and the government is expected to announce the qualified bidders on Jan. 5. It did not reveal the identity of the bidders or the number of bids received. (AP Photo/Altaf Qadri, File) (AP)

Air India losses narrow to 7,770 crore on standalone basis in FY20

  • The airline’s operational revenue stood at 27,710 crore during FY20
  • Total Expenses rose to 36,290 crore during FY20

IIT Delhi has taken many steps to increase its international footprint, the institution said (HT)
Defence Minister Rajnath Singh  (ANI Photo)
In both rupee and dollar terms, the Sensex is down about 1% in 2021 so far (PTI)
At least 2,99,299 beneficiaries were vaccinated today through 5,308 sessions held on Wednesday alone (AP)
At least 2,99,299 beneficiaries were vaccinated today through 5,308 sessions held on Wednesday alone (AP)

Five states recorded maximum covid-19 vaccination turn out

  • The cumulative number of healthcare workers vaccinated against covid-19 crossed 23 lakh today with a total of 23,28,779 beneficiaries, according to a report
  • Total cumulative recoveries stand at 1,03,59,305 today surpassing covid-19 cases

Farmer unions said the agitation at Singhu, Tikri and other border areas of the national capital will continue (PTI)
Union Minister of Environment, Forest and Climate Change Prakash Javadekar addresses a press conference in New Delhi. (PTI)
Farmers shout slogans during their ongoing protests against farm law, at Delhi-Ghazipur border in Delhi on Wednesday. (ANI Photo)
FILE PHOTO: The brand logo of Nissan Motor Corp.  (REUTERS)
Apple's 5G iPhone 12 and iPhone 11 are seen at an Apple Store, as the coronavirus disease (COVID-19) outbreak continues in Shanghai China October 23, 2020. REUTERS/Aly Song (REUTERS)
Apple's 5G iPhone 12 and iPhone 11 are seen at an Apple Store, as the coronavirus disease (COVID-19) outbreak continues in Shanghai China October 23, 2020. REUTERS/Aly Song (REUTERS)

Apple may start producing iPhone 12 series phones in India this quarter: Report

The report also suggests that Apple is working on diverting production of other core products from its current manufacturing bases in China which includes iPad, Macs and other products

A healthcare worker gets a COVID-19 vaccine at Nair Hospital, in Mumbai on Wednesday. (ANI Photo)
America’s official ‘social cost of carbon’ will now go by global considerations  (Photo: Reuters)
America’s official ‘social cost of carbon’ will now go by global considerations (Photo: Reuters)

US climate regulation is set to get tougher under Joe Biden

This is not only in America’s interest but also of the world at large

The latest development is expected to provide relief to over 1 lakh Indian nationals who had moved to the US along with their spouses for work.
The three identified energy, coal mining as potential areas of trilateral cooperation, among others  (Getty Images)
The three identified energy, coal mining as potential areas of trilateral cooperation, among others (Getty Images)

India holds talks with Russia, Japan for trilateral cooperation in many sectors

  • It may be seen as an attempt by India and Japan, both part of the grouping loosely known as the Quad along with the US and Australia, to engage Russia
  • All 3 countries welcomed their growing links in the Arctic, 'recognising the inter-connected nature of regional development alongside the Russian Far East,' a statement said

Krishnamurthy noted that e-commerce has been gaining traction over the years and in 2019, more than 10% of Indians had already shopped something online (Photo: Bloomberg)
The Nifty Bank index fell 2.9%, with private sector lenders Axis Bank and HDFC Bank, declining 4% and 3.6% respectively (Bloomberg)
The spending would focus on upgrading infrastructure and technology of the ailing utilities to make them more efficient and reduce financial losses, according to the people  (Photo: Mint)
The spending would focus on upgrading infrastructure and technology of the ailing utilities to make them more efficient and reduce financial losses, according to the people (Photo: Mint)

Budget 2021: Govt plans 3 trillion reform to revive ailing power utilities

  • The spending would be spread over a few years and is likely to be unveiled on Feb. 1 as part of the government’s budget for the year starting April 1.
  • The plan for carrying out reforms for reducing losses of state distribution utilities was sought by the nation’s power ministry and is under discussion

In the December quarter, the Axis Bank reported gross NPA and net NPA at 3.44% and 0.74% respectively (MINT_PRINT)
A medic vaccinates a beneficiary with Covaxin vaccine during a countrywide inoculation drive against COVID-19. (PTI)
Karad: A worker sprays disinfectant inside a poultry farm as a precaution against bird flu, in Karad, Maharashtra, Tuesday, Jan. 12, 2021. (PTI Photo) (PTI01_12_2021_000064A) (PTI)
Karad: A worker sprays disinfectant inside a poultry farm as a precaution against bird flu, in Karad, Maharashtra, Tuesday, Jan. 12, 2021. (PTI Photo) (PTI01_12_2021_000064A) (PTI)

Bird flu confirmed in Solapur, Pune, Nashik and 5 other districts in Maharashtra

  • The outbreaks of avian influenza were detected in nine states for poultry birds
  • Further, avian influenza were found in crow in Uttarakhand (Rudraprayag Forest Division), Titar in Junagad(Gujarat) and peacock in Beed (Maharashtra), the ministry confirmed

HUL reported an 18.8% year-on-year jump in its standalone net profit for the Q3FY21. (Photo: Reuters)
HUL reported an 18.8% year-on-year jump in its standalone net profit for the Q3FY21. (Photo: Reuters)

HUL profit jumps 19% on demand recovery

  • Profit in the third quarter rose to 1,921 crore from 1,616 crore a year ago
  • Standalone revenue for the quarter jumped 21% to 11,862 cr from 9,808 cr a year ago

FILE PHOTO: Shipments and prices of organic light-emitting diode (OLED) panels rose for both TVs and smartphones (REUTERS)
FILE PHOTO: Shipments and prices of organic light-emitting diode (OLED) panels rose for both TVs and smartphones (REUTERS)

LG Display reports stronger profit on iPhone demand, rising panel prices

The Apple supplier posted an operating profit of 685 billion won ($622 million) in the fourth quarter of 2020, compared with a loss of 422 billion won in the same period a year earlier

Bank of Baroda’s December quarter performance showed that the lender could weather the pandemic’s hit better because of this (Mint)
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