BSH Home Appliances, which manufactures and sells products under Bosch and Siemens brands, aspires to be a Rs 5,000 crore company in India by 2026 by increasing its market addressability with expansion of product line-up, a top company official said.

The company is growing at 25-30 per cent rate and would continue the momentum focusing on categories such as washing machines, refrigerators and built-in appliances, said MD and CEO Neeraj Bahl.

Realty firm Puravankara Ltd's sales bookings rose 17 per cent to Rs 666 crore in the third quarter of this fiscal year on the back of higher volumes as well as per square feet price realisation.

According to its investors presentation, Puravankara sold 0.99 million square feet area during October-December 2021-22 as against 0.91 million square feet area in the year-ago period.

Amazon’s rivalry in India with oil-to-retail conglomerate Reliance Industries (RIL) looks set to head to the cricket field, where they will likely battle media heavyweights for telecast rights to India’s premier cricket league with its hundreds of millions of viewers.

Amazon.com Inc and RIL are expected to take on India units of Sony Group Corp and Walt Disney Co for exclusive five-year TV and digital broadcast rights to the two-month series of matches, at a cost that could run to a record Rs 50,000 crore ($6.7 billion), sources familiar with the companies’ plans said.

NxtGen Datacenter and Cloud Technologies is gearing up to invest Rs 1,300 crore to set up around 10 more data centers and 236 edge centers across the country.

The company, whose investors include Intel, IFC, and Iron Mountain, is in the process of raising $100 million by the first quarter of 2022-23. The Cloud storage and computing segment player operates four data centers in Mumbai, Delhi, Ahme­dabad, and Bengaluru and is planning to set up centres in Chennai, Hyder­abad, and Visakhapatnam.

US Secretary of State Antony Blinken and German Foreign Minister Annalena Baerbock discussed Ukraine crisis at the Munich Security Conference in Germany.

When asked about Russia-China new alliance, Blinken said, Russia and China together are right now less than 20 per cent of world GDP. The United States, Europe together 45 per cent of GDP. When we bring in some of our democratic partners from Asia, Japan, Korea, Australia, others, we're well over 50 per cent of the world GDP. That is a very powerful weight when it's acting in unison, and increasingly, we are.

Union Health Minister Mansukh Mandaviya on Friday said major foreign pharmaceutical companies manufacturing COVID-19 vaccines were demanding indemnity and sovereign immunity waiver to supply their vaccines in India, but the government made it clear that these firms are welcome to do business here but on our terms.

He was speaking at the launch of a book titled 'A Nation To Protect - Leading India Through The Covid Crisis' and authored by Priyam Gandhi Mody.

Ten gram of 24-carat gold is selling at Rs 50,510 on Saturday, up Rs 540 since the last trade as demand rises for the safe-haven bullion.

The yellow metal (22-carat) is selling at Rs 46,300, up Rs 500 from Friday according to the Goodreturns website. One kg of silver is selling at Rs 63,800, increasing by Rs 400.

The global coronavirus caseload has topped 421.3 million, while the deaths have surged to more than 5.87 million and vaccinations to over 10.31 billion, according to Johns Hopkins University.

In its latest update on Saturday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 421,348,262 and 5,872,338, respectively, while the total number of vaccine doses administered has increased to 10,317,284,055.

The Ministry of Housing and Urban Affairs has approved proposals worth Rs 235 crore to Andhra Pradesh under the 'Garbage Free Cities' vision, the largest one-time approval of funds for legacy dumpsite remediation, a statement said on Friday.

The Centre's share in these proposals will be Rs 77.66 crore, a ministry official said, adding that rest of the amount will be borne by the state.

Buoyed by late but steady Kharif onion arrivals that is expected to remain till Rabi arrival from March 2022, the all-India average retail price of onion as on February 17 was Rs 35.28/kg, which is 22.36 per cent lower than that of the last year, as per an official statement on Friday.

Prices of onion remained substantially stable during 2021-22 due to effective market intervention through the Price Stabilisation Fund, the Consumer Affairs, Food and Public Distribution Ministry statement said.

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