Top headlines: Feb retail inflation rises; Sebi asked to nix AT1 bonds note

Gautam Adani’s rise to Nazara's IPO: more on those stories in our evening news bulletin.

India's retail inflation rises to 5.03% in Feb; January IIP contracts 1.6%

India's retail inflation rose to 5.03 per cent in February, according to the government data released on Friday. The consumer price index (CPI)-based inflation was 4.06 per cent in January 2021 and was 6.58 per cent in February 2020. Food inflation rose steeply to 3.87 per cent in February, compared to 1.89 per cent in the previous month.

Sebi asked to withdraw circular on AT1 bonds: Report

A finance ministry department has sent a memorandum to Sebi chief Ajay Tyagi, asking him to withdraw a rule treating AT1 bonds (perpetuals) as having 100-year maturity, said multiple news reports on Friday. "The clause on valuation is disruptive in nature," said the memorandum, reported Hindu Business Line.

Gautam Adani beats Musk, Bezos with biggest wealth surge

Tycoon Gautam Adani has added more billions to his wealth than anyone else in the world this year on the back of investor excitement around his ports-to-power plants conglomerate. The net worth of Adani has jumped $16.2 billion in 2021 to $50 billion, according to the Bloomberg Billionaires Index.

Tesla in talks with Tata Power to set up EV charging infra in India: Report

Tesla Inc is exploring an arrangement with Indian conglomerate Tata Sons’ power generation unit, Tata Power, to set up charging infrastructure for electric vehicles in the country, CNBC-TV18 reported on Friday, citing sources.

Nazara expects to fetch Rs 580 cr with IPO opening March 17

Nazara Technologies, the homegrown gaming company backed by billionaire Rakesh Jhunjhunwala, will open its initial public offering (IPO) on March 17, with the issue price fixed at Rs 1,100-1,101 a share. The offer closes March 19. 

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel