You are receiving this email because you signed up at Economictimes.com. In case, you wish to Unsubscribe Click here NEWS DIGEST Thu, Mar 04, 2021 | 05:13 PM IST Dear THANDAPANI , Here are the top stories of the day from the world of business. TODAY’S HIGHLIGHTS 1 MARKETS 3 reasons why 2021 could be a mirror image of 2020 for Dalal Street Now, most people expect markets to keep rallying, as the global economy reopens. But the end of the pandemic is already priced into record high stock valuations. 2 MARKETS Rahul Sharma is gung-ho about these 3 stocks. Here’s why 3 INDUSTRY Indian Oil plans to sell hydrogen facilities to raise Rs 10,000 crore 4 INDUSTRY Internet platforms showing porn in the name of movies must be regulated: SC 5 NEWS Bengaluru, Shimla ranked ‘most livable’ cities in govt’s Ease of Living Index 2020 MARKETS SENSEX 50846.08 ↓ -598.57 NIFTY 50 15080.75 ↓ -164.85 Gold 44710.0 ↓ -238.00 USD/INR 72.83 ↑ 0.11 What defeated the bulls on Dalal Street after a wonderful Wednesday Julius Baer upgrades India to overweight, sees 15% upside in Sensex Flipkart considers US listing with SPAC as option RECOMMENDED FOR YOU China has mobilised conventional and cyber forces to threaten India: Rahul Gandhi BJP looks to replicate Gujarat win in Uttar Pradesh and Madhya Pradesh BJP should follow Rahul on Emergency, regret Gujarat riots: NCP Rahul uses Hindi idioms to target government for raiding ‘pro-farmer’ voices, BJP hits back AAP’s victory in Delhi municipal bypolls shows people have faith in party-run govt in city: Kejriwal TECHNOLOGY Flipkart, Mastercard, Nabard and PayU to hold 30% in Tata NUE If it gets the RBI nod for a NUE licence, Tata’s new umbrella entity Ferbine may build a pan-India payment network similar to UPI for a settlement mechanism for e-commerce and online retail transactions. Haryana job reservation law may trigger IT exodus from Gurugram Reliance on board as limited partner in Kalaari Capital’s 4th fund INDUSTRY Petrol price can come down to Rs 75 if brought under GST, but there is lack of political will: SBI Economists At present, every state has its own way of taxing fuels, while the Centre also collects its own duties and cess. Petrol prices have touched Rs 100 per litre in some pockets of the country and concerns are being expressed about the high taxation which is making the fuels dearer. India’s record high petrol and diesel prices threaten road to recovery Efficacy data for India’s own coronavirus vaccine could boost its public acceptance NEWS Blank-check companies look to India for next wave of targets, says Nomura ReNew Power last week agreed to merge with a U.S.-listed special purpose acquisition company in a deal that will give India’s biggest renewable power producer an enterprise value of $8 billion. Grofers is also looking to go public in the U.S. through a merger. Large companies charting plans to bear vaccination cost of staff, families New unlock rules: Gaming arcades, children’s play areas in malls, saunas and steam baths may open NRI Planning to study in the US? The SATs have changed and this is what it means for you It is discontinuing the SAT Subject Tests and the SAT optional Essay. Most importantly, the SAT is moving online. Students outside the U.S. can still take SAT Subject Tests in May and/or June 2021. H-1B: Three Republicans bring legislation in Congress to end ‘allure of cheap foreign labour’ WEALTH How to save tax without fresh investments Here is a look at expenses/deductions which can be used to reduce tax payable under the old tax regime. EPF interest payout retained at 8.5% for FY2020-21 MUTUAL FUND Sebi issues notices to Franklin Templeton In the show-cause notices to Franklin Templeton AMC and its trustees, the regulator alleged code of conduct violations said people with knowledge of the matter. Mutual fund schemes betting on energy stocks offer eye-popping returns. Should you invest? JOBS You are likely to get a better pay hike this year Close to 78% of the organisations covered in Korn Ferry’s ‘Salary Increment & Rewards Survey Trends’ report plan to give salary increases in 2021, while only 62% of organisations gave increments to employees last year as a direct impact of the pandemic. IT hiring records strong comeback with 33% month-on-month growth in February: Naukri JobSpeak SME Loan restructuring: Should MSMEs opt for RBI’s one-time restructuring scheme Can the one-time restructuring plan, supposed to be implemented by March 31, 2021, offer some breathing space for the Covid- battered MSME sector? PANACHE Singer Shreya Ghoshal expecting her first child with husband Shiladitya Mukhopadhyaya The 36-year-old singer shared her picture cradling the baby bump. TOP VIDEOS OF THE DAY NEWS BJP is main challenger: Saugata Roy, TMC INDUSTRY Bharat Biotech Covaxin Efficacy Data TOP SLIDESHOWS OF THE DAY NEWS SpaceX rocket explodes but Musk sure of success INDUSTRY Recovered people responding faster to Covishield Thanks for reading. We’ll be back tomorrow with more interesting stories and updates. Follow us on Twitter and LinkedIn. Did you like today’s newsletter? If you are having trouble viewing this newsletter, please click here. * If you do not want to receive this mailer, please unsubscribe here. To make sure this email is not sent to your “junk/spam” folder, select the email and add the sender to your Address Book. © 2021 Times Internet Limited.