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Force Motors production skid 2% YoY in Feb

The production numbers of Force Motors slipped 1.87% to 1,829 units in February 2021 as against 1,864 units in February 2020. Domestic sales tanked 40.9% to 1,182 units in February 2021 as against 2,000 units in February 2020. Exports soared 286.32% to 452 units in February 2021 compared with 117 units in February 2020. On a sequential basis, the company s production jumped 27.99% in February 2021 from 1,429 units in January 2021. Domestic sales fell 1.25% in February 2021 as against 1,197 units in January 2021. Exports jumped 11.06% in February 2021 compared with 407 units in January 2021. The announcement was made post trading hours on Friday, 5 March 2021. The commercial vehicle maker reported a consolidated net loss of Rs 18.98 crore in Q3 FY21 as against net profit of Rs 13.8 crore in Q3 FY20. Net sales tumbled 43.5% to Rs 491.18 crore in Q3 FY21 from Rs 869.11 crore in Q3 FY20.

Microsoft starts testing Chromium-powered Edge Browser on Xbox consoles

Microsoft has started testing its Chromium-powered Edge browser on the newly-launched Xbox One and Xbox Series X/S consoles. According to The Verge, Xbox testers in the Alpha Skip-Ahead group can now access the new Microsoft Edge on Xbox One or Xbox Series S / X consoles. However, full mouse and keyboard support is still missing. The new browser on Xbox will give users access to websites they want to surf on the controller, the report said on Sunday. The current test version also supports many of the same features from the desktop version of Edge that includes extensions and vertical tabs.

Nifty March futures trade at premium

In the cash market, the Nifty 50 index rose 24.1 or 0.16% to 14,962.20. The NSE s India VIX, a gauge of market s expectation of volatility over the near term, fell 3.83% to 24.58. RIL, SBI and ICICI Bank were the top traded stock futures contracts in F&O segment for March expiry. The March F&O contracts will expire on 25 March 2021. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) 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 credib

Wall Street surges on US jobs data, global equity markets regain ground

By Suzanne Barlyn NEW YORK (Reuters) - Wall Street and a gauge of global equity markets rose on Friday as investors cheered signs of economic strength in a report that showed faster-than-expected U.S. jobs growth, data that initially stoked inflation concerns. The session was marked by frantic trading across the globe. Asian markets dropped overnight. MSCI s all-country index was on its longest losing streak in six months before clawing back. All Wall Street s main indexes closed higher, bouncing back from early losses. Investors were spooked this week by rising interest rates, which offset optimism about an economic rebound. Microsoft rallied 2.2%, the biggest boost for the S&P 500.

White House says closely following Microsoft email breach by China hackers

Read more about White House says closely following Microsoft email breach by China hackers on Business Standard. The US government said it is closely following the breach of a Microsoft email application reportedly carried out by Chinese hackers, calling it an "active threat" with a "large number" of victims.

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