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Adani forays into data centre business, sets up 50:50 JV with EdgeConnex

In addition to full-scale data centres, AdaniConneX will also develop a portfolio of Edge data centres strategically located across the country to address the need for more proximate capacity

Tata Consumer to replace Gail India in Nifty 50 effective March 31

Move is expected to result in passive inflows of $89 million (Rs 650 cr) in Tata Consumer. Gail could see outflows of $57 million (Rs 410 cr)

PM Narendra Modi to address a webinar on divestment on February 24

The meeting will be attended by Finance Minister Nirmala Sitharaman and officials from finance and other government departments

Airtel, L&T and TCS to see huge passive inflows as global indices rejig

Apollo Hospitals, Honeywell Automation and Adani Total Gas may see buying due to their entry in FTSE All world index; MSCI rebalancing expected to take place Friday, could spur inflows of over $250 mn

Indian PC market delivers another strong quarter, grows 27% in Q4CY20

e-Learning and remote working boosts notebook and laptop sales, says IDC

Power-packed jury to pick winners of BS Corporate Excellence awards today

Aditya Birla Group Chairman Kumar Mangalam Birla is the chairman of the seven-member jury

RailTel's Rs 820-cr IPO subscribed 2.6 times on Day-1; Nureca by 15x

The retail portion of RailTel's issue has already garnered 5x subscription. On Monday, the state-owned firm allotted shares worth Rs 244 crore to anchor investors

Ascendas buys IT SEZ building in Hyderabad's Hitech City for Rs 500 cr

The structure has an area of 639,495 square feet. About 98% of the building is leased to Amazon Development Center (India) Pvt Ltd

India smartphone market declines 1.7% in CY2020 after years of growth: IDC

H10-2020 sluggish with demand down 26%, H2 recovers with 19% growth. Lockdowns and curbs drive need for devices to support remote working. IDC sees stronger market in 2021 led by upgrades

Grasim Industries net profit rises 2 times to Rs 1,384 crore in Q3

All key businesses have outperformed pre-Covid operational levels

Nalco posts net profit at Rs 240 crore; revenue up 14% to Rs 2,378 crore

Revenue grew by 14 per cent to Rs 2,378.79 crore against Rs 2,088.35 crore in the same period

Future Group moves NCLT for approval to hold shareholders meeting

Reliance group entities have also moved an application in NCLT seeking approval to go ahead with the amalgamation deal with Future

Budget 2021: Bad bank will be a win-win for lenders, says Debasish Panda

All banks are eligible for privatisation. A committee of secretaries will decide which banks will be privatised, said Panda

Investors put Rs 1,709 crore in Brookfield REIT's initial public issue

The Rs 3,800 crore-IPO of the REIT will open on Wednesday

Investors put Rs 1,709 crore in Brookfield REIT's initial public issue

The Rs 3,800 crore-IPO of the REIT will open on Wednesday

IRFC slips 5% on debut, weighed down by 7% fall in market since firm's IPO

At current market price, IRFC has market capitalisation of Rs 32,410 crore-almost equal to its book value

Railways should diversify freight portfolio: Ficci-Crisil White paper

Another key proposal is to allow private players to run trains on the dedicated freight corridors