News Roundup: 15/2/22

▫️ Government and RBI are working in sync on the crypto currency.

▫️Tata Sons appointed Ilker Ayci, former chairman of Turkish Airlines as the new CEO and MD of Air India.

▫️India Markets fell 3% yesterday, tracking global peers on rising geo political tensions between Russia and Ukraine.

▫️ Retail inflation touched 7-month peak of 6.01% in January. Wholesale inflation eased little bit but remained high at 12.96% in January.

▫️ Deadline to apply for textile PLI scheme has been extended till February 28.

▫️Govt. blocked 54 Chinese apps over security concerns.

▫️KAL Airways rejected Spicejet’s one time settlement offer of Rs 600 crores against all its dues.

▫️FY22 tax receipts may exceed government estimate of Rs 80,000 crore.

▫️ Vedanta has signed a joint venture with electronics major Foxconn to manufacture semiconductor in India.

▫️Jio partnered with Luxembourg based technology firm SES, to deliver satelite broadband services.

▫️ India’s palm oil imports decreased by 29% in January.

▫️Coal India announced dividend of Rs 5/share. Government to get Rs 2,037 crore as dividend from Coal India.

▫️Non power companies have complained to Coal India for 17% fall in coal supplies to them during Sep-Jan period.

▫️ Maharashtra government deferred its decision to sell wine in supermarkets.

▫️ Reliance Industries invested $200 million in Glance, a lock screen content company.

▫️Ashok Leyland is working on slew of alternative fuel vehicles such as LNG, CNG and HCNG.

▫️United States sources said that Russia could anytime invade and attack Ukraine.

▫️ International airlines to avoid Ukraine airspace amid rising tension.

▫️Sale of passenger vehicles slipped by 4.5% in China in January.

▫️ Ruppee slipped to 9 week low of 75.60 rising dollar and higher crude oil prices.

▫️ Axis Bank is set to buy Citi Bank’s $2.5 billion India Retail Unit.

▫️SEBI cancelled registration of 4 brokers and 11 depository participants.

▫️M&M is searching partner to tap into battery storage business.

▫️Covid third wave didn’t have material impact on India’s economic recovery: Nomura

▫️Daily covid cases fell sharply to 34,113.

▫️RBL Bank’s loan to bankrupt company Sintex is under scrutiny.

▫️Cipla promoters to sell up to 2.5% stake in the company.

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