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The Economic Times

NEWS DIGEST

Fri, Jan 08, 2021 | 03:05 PM IST

Dear Reader,

Here are the top stories of the day from the world of business.

TODAY'S HIGHLIGHTS

1
NEWS

To keep EPFO viable, officials give House panel radical ideaTo keep EPFO viable, officials give House panel radical idea

Sources said officials told the panel that EPFO had over 23 lakh pensioners drawing Rs 1,000 per month even when their contributions to the fund corpus had been less than a fourth of the benefits they were drawing. They also said this would be unviable for the government to support in the long run, unless a system of “defined contributions” was put in place.
2
MARKETS

Stocks that could prove to be dark horses this earnings seasonStocks that could prove to be dark horses this earnings season

3
MARKETS

Up 4x in four years! This stock has bottled up more fizz to rally furtherUp 4x in four years! This stock has bottled up more fizz to rally further

4
NEWS

Donald Trump is said to have discussed pardoning himselfDonald Trump is said to have discussed pardoning himself

5
INDUSTRY

Former HDFC Bank MD Aditya Puri joins global pharma major Strides Group as advisorFormer HDFC Bank MD Aditya Puri joins global pharma major Strides Group as advisor

MARKETS

SENSEX
48658.82
↑ 565.50
NIFTY 50
14337.10
↑ 199.75
Gold
50156.0
↓ -748.00
USD/INR
73.37
↑ 0.05

Betting on good R&D! Vijay Kedia shows the way & makes a killing

Equity MFs see outflows for sixth month in a row as investors withdraw Rs 10,000 cr in Dec

Day trading guide for Monday

RECOMMENDED FOR YOU

Economists to hold virtual meet with PM Modi, FM Sitharaman and MoS Finance Anurag Thakur tomorrowEconomists to hold virtual meet with PM Modi, FM Sitharaman and MoS Finance Anurag Thakur tomorrow

Stop profiteering, bring down petrol price: Sonia Gandhi to governmentStop profiteering, bring down petrol price: Sonia Gandhi to government

Pre-Budget India P&L statement: Goods trade in deficit, services surplusPre-Budget India P&L statement: Goods trade in deficit, services surplus

Frothing in Yamuna: Delhi govt prepares 9-point action planFrothing in Yamuna: Delhi govt prepares 9-point action plan

India's December retail inflation likely fell to within RBI targetIndia's December retail inflation likely fell to within RBI target

TECHNOLOGY

ETtech Exclusive: How Kalaari's exit led to the fall of MilkbasketETtech Exclusive: How Kalaari's exit led to the fall of Milkbasket

Kalaari Capital is selling its entire stake in Milkbasket to Mahendra Nahata-led MN Televentures, a move that's seen eroding the hyperlocal delivery startup's entire valuation and its ability to onboard new investors.

IT firms hired 80,000 people in last two months of 2020

Uniphore brings on board PwC’s Stéphane Berthier as its chief financial officer

NEWS

View: Biden President after US’ apocalypse dayView: Biden President after US’ apocalypse day

Trump’s violent supporters broke barricades, overwhelmed the police and rampaged through offices of Congressmen and senators as the lawmakers were hurriedly escorted to safer buildings.

Boeing will pay $2.5 billion to settle charge over 737 Max

Trump acknowledges Biden will be next president in wake of Capitol chaos

INDUSTRY

Online chit fund apps under the scannerOnline chit fund apps under the scanner

The government is examining complaints against some online chit fund apps, which are allegedly functioning in absence of clear regulatory guidelines. This comes as already multiple investigations are on against Chinese loan apps.

Covid-19 Jabs: States point to pain points

Vistara announces discount ticket sale on completion of six years of flying in India

PANACHE

Bhavin Turakhia sets reminders to keep a check on screen timeBhavin Turakhia sets reminders to keep a check on screen time

The Flock boss works on 3 monitors simultaneously at his home office.

Portrait of another democratic nation: North Korea’s Kim Jong-un likes his picture with a gun

Jehan Daruvala recalls F2 race in Bahrain, says he felt proud to hear the Indian anthem on a global stage

MUTUAL FUND

Economy at inflection point, expect 10-12% returns over next 3 yearsEconomy at inflection point, expect 10-12% returns over next 3 years

Mahesh Patil, Co-Chief Investment Officer (Equities) at Aditya Birla Sun Life MF expects 10-12% returns from Nifty 50 over the next three years and expects actively managed equity mutual funds to outperform it.

Best ELSS or tax saving mutual funds to invest in 2021

200% jump in AUM in one year. Is it time to look at Overseas FoFs?

SME

How social community engagement of mothers helped The Moms Co. grow their business during the pandemicHow social community engagement of mothers helped The Moms Co. grow their business during the pandemic

When the pandemic put a stop sign on future plans of flourishing small businesses, a homegrown baby products firm recalibrated using social media tools.

NRI

Joe Biden praises Vanita Gupta, says she is 'proud daughter' of immigrants from IndiaJoe Biden praises Vanita Gupta, says she is 'proud daughter' of immigrants from India

"As associate attorney general, the number three job at the department, I nominate Vanita Gupta. A woman I've known for some time. One of the most respected civil rights lawyers in America," Biden told reporters in Wilmington, Delaware as he announced some of the key nominations in the Justice Department on Thursday.

TOP VIDEOS OF THE DAY

ITR filing help for employees with more than one Form 16 
WEALTH
ITR filing with more than one Form 16
Capitol Hill violence: 'It was unplanned', says Vincent Xavier, man who unfurled Tricolor during protest 
NEWS
Capitol Hill violence: 'It was unplanned'

TOP SLIDESHOWS OF THE DAY

From Fintech services to Consumer tech, five technology trends for the year 2021 
INDUSTRY
Five technology trends for the year 2021
Chinese expansionist designs curbed by Indian Army with deterrence from Indian Air Force 
NEWS
Chinese aggression held back by army, air force

Thanks for reading. We'll be back tomorrow with more interesting stories and updates. Follow us on Twitter and LinkedIn.

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Colaboradores

  • ADRIANO WELLINGTON BURGAUER
  • HUGO RAMIRO MIHANOVICH
  • HUGO RAFAEL LYNCH HIRIART
  • ISABEL FORTUNATTI( A GAÚCHA)
  • MARIO ALBERTO BENEDETTO LYNCH
  • RAUL VALENTIN LYNCH HIRIART
  • david

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