Month: April 2017

Morning Business News :

• PSU banks may be asked to take over NPAs
• LIC stake in ITC case: FinMin, SEBI to be made parties
• State-owned ONGC makes 23 oil and gas discoveries
• Review petition filed with SC over BS III vehicles’ order
• Paytm to pump in Rs 10,000 crore into banking, financial services
• India to invest Rs 50,000 crore to revive four mothballed fertilizer plants
• Sebi issues final show-cause notice in NSEL scam case to five big brokers
• Maruti earmarks Rs 4,500 cr capex for FY18
• Tata Motors to supply 3,192 Safari Storme SUVs to Indian army
• SC fixes Aamby Valley reserve price at Rs 37,392 cr
• CCI orders antitrust probe into Roche cancer drug
• DGFT allots 60% of 500,000 tonne duty-free raw sugar import quota to south
• Kia Motors to build $ 1.1 billion manufacturing plant in India
• Kotak Mahindra Bank posts 40% jump in standalone net profit
• NSE introduces online bidding facility for InvITs

• Hudco public issue to open on May 8
• India INX to start single stock F&O trading from Friday
• Maruti Suzuki to pay record dividend as Q4 profit jumps 16%
• S Chand IPO achieves full subscription on Day 2
• HDFC Bank crosses Rs4 trillion in market cap
• SoftBank changes track in India as initial bets go sour
• Real estate sector to receive $7 billion investment this year: CBRE report
• HDFC may sell realty, digital units to Quikr for 5% stake
• India one of best places for global realty investments: Report
• Govt extends service tax return filing date to April 30
• No privatisation of railways, says Suresh Prabhu
• Consumers can now buy ‘digital gold’ using Paytm
• Tata Elxsi Q4 net profit rises 8.2 per cent to 44 crore
• India one of best places for global realty investments: Report
• India draws up Rs 55,500 cr plan to turn urea exporter
• Jio effect: Rules soon for telcos TRAI-ing new service
• Dual MRP on packaged items may be scrapped
• Gems & jewellery exports grow by 9.85% in 2016-17
• Trump’s U-turn on NAFTA treaty

Morning Business News :

• ITAT rulings raise hopes of HSBC ‘account holders
• VCs, PEs fear taxing times for directors under GST
• Wipro posts 20% rise in Q4 net at Rs 2,303.5 cr
• Nasdaq hits 6,000, Dow surges as earnings impress
• India’s wind power capacity crosses 32 GW: IWTMA
• Shapoor Mistry resigns from Indian Hotels board
• Ericsson to start 5G lab trials in India this year
• Trai to invite stakeholder comments on spectrum auction in 15 days
• Reliance to take more write offs on US shale gas assets
• Bankruptcy is not a stigma, says PEA Sanjeev Sanyal
• Only eight of Nifty50 stocks are at all-time high level
• Government gets proactive on divestment
• Sebi to discuss measures to check black money in deeper markets
• NSE to exclude Cairn India from SLB segment from Apr 26
• Former SEBI Chairman GN Bajpai is now Chairman of Usha Martin
• Consultation paper on spectrum auction in 15 days: TRAI
• Alembic Pharma gets USFDA nod for anti-hypertension drugs
• MF investments in bank stocks hit all-time high of over Rs. 1.26 lakh cr
• Waiving agricultural loans could cost 2% of GDP: CEA
• Coal scam: CBI files corruption case against former chief Ranjit Sinha
• RBI governor Urjit Patel says demonetisation effects ‘transitory’

• LIC Housing Finance Q4 profit rises 18% to Rs529 crore
• Rupee closes at fresh 20-month high against US dollar
• Tata Power to sell non-core assets, improve efficiencies to offset Mundra impact
• NITI Aayog’s 3-year agenda suggests key reforms to bolster economy
• In Q1, more than 50% employees to be locals in the US: Wipro
• Compliance rating for industry under GST on the cards
• Glenmark Pharma initiates clinical investigation for proposed biosimilar GBR 310
• Wipro offers bonus shares, to consider share buyback
• Govt giving top priority to addressing bad loans issue: Jaitley
• India plans oil-for-drugs barter deal with Venezuela
• Public sector banks merger could help banking system: RBI Gov
• Centre turns down Maharashtra’s plea on pulses buy
• Gold demand might have doubled in March quarter

Morning Business News :

• RIL beats Street again, profit grows 11.54% YoY
• Philips posts seven fold jump in profits in Q1
• Jet adds 22 new flights across domestic network
• Unitech given stern warning by Supreme Court
• TCS, Infy accounted for only 8.8% of total H-1B visas
• Lankan trade union against IOC’s Trincomalee refinery
• Govt eyeing neighbours to boost pharma exports
• Rel Jio net loss widens to Rs 22.5 cr in Oct-March period
• Tata Power may sell cross-holdings over Mundra tariff order
• Small funds to complain on IPO allotment to Sebi
• Wall Street surges, Nasdaq hits record on French vote result
• RIL’s oil & gas revenue drops 30.9% at Rs 5,191 cr
• Logistics firms see better fleet utilisation under GST
• SBI, Credai team up to provide fillip to realty sector
• OIL crude production up 9.06%; ONGC up 3.32%
• Rcom, Aircel get shareholders’ approval for merger
• Dilip Buildcon bags taxi track construction project at Goa airport
• UltraTech net profit down 11% at Rs. 726 cr
• First State Investments hikes stake in Cyient to 9.45%
• NHAI hits the road to woo investors for Rs5,000 crore masala bond sale
• ONGC plans $11 billion investment to boost gas production by 30%
• FIPB refers Gland Pharma FDI proposal to CCEA for approval
• Rupee closes stronger against US dollar
• TCS hired 11,500 in overseas markets in fiscal 2016-17
• FIPB refers Rs 4,315-cr Gland Pharma proposal to CCEA, clears 6 FDI proposals
• Government to auction mines for coal-to-gas, CTL projects in FY18
• Armed forces stores suspend sale of Patanjali’s amla juice
• Insurance companies should give terms & conditions with policy: NDCRC
• Rs 1,600-crore booster likely to Incredible India 2.0 campaign
• Paswan rules out raising duty on wheat import
• Govt extends SIPP scheme for 3 years till March 2020

Morning Business News :

• FDI framework likely to be relaxed substantially
• India back on fiscal consolidation, says IMF
• Grade reset to dent Coal India’s FSA realisation
• NSE to add 16 stocks to F&O segment from April 28

• Tata Steel seeks export opportunities in SE Asian mkt
• Tata, Godrej show interest in buying Sahara properties
• Jaypee Group dents bank profits by Rs 350 cr in 1 day
• Cabinet approves signing of amended tax treaty with Portugal
• Sebi clears own staff on MCX-SX licence
• Steel making cost goes up by Rs 8,000/tonne on high input costs
• Deposits under PMGKDS can be made till April 30
• Yes Bank Q4 net zooms 30% to Rs 914 cr; bad loans soar
• Morgan Stanley’s quarterly profit surges on trading gains
• SEBI may grant single licence to brokers, clearing members
• Double taxation avoidance protocol with Portugal gets the green signal
• Australia visa move unlikely to impact Indian IT workers: Nasscom
• Bosch to invest ₹1,000 cr on plant and machinery
• Aurobindo Pharma gets 6 observations from USFDA for Hyderabad unit
• Yes Bank first casualty in RBI’s rule to pull out bad loan skeletons
• Vijay Mallya surrenders passport, faces UK extradition hearing on 17
• IndusInd Bank Q4 profit rises 21% to Rs751.61 crore
• BigBasket and Grofers start merger talks
• Fintech friction takes root in India’s banking landscape
• SoftBank may invest around $1.5 billion in Paytm
• China’s biggest automaker SAIC puts US ambitions on hold
• India’s steel import falls 36% to 7.4 million tonnes in 2016-17
• Housing sales drop in top 8 cities to 28,131 units in January-March
• RBI’s revised PCA framework positive for banks: Icra
• Infra: States can borrow from foreign agencies
• Tata Motors expects 10-15% growth in CV sales this fiscal
• UIDAI files FIRs against 8 sites for collecting user info
• Tata Motors to export BS-III vehicles

Morning Business News :

• SEBI set to block P-note route for NRIs
• One group, one tax likely in GST to avoid complexity
• Merge govt, central bank budgets for better fiscal outcomes
• MoU signed for Assam’s Numaligarh Refinery expansion
• Merger with BSNL desirable for strong pan-India play: MTNL CMD
• ‘Saudi to shelve billions of dollars of unfinished projects’
• Iran opens South Pars gas field phases worth $20 bn
• 85% Indian firms optimistic on economic recovery, says survey
• Finance Ministry okays 8.65% interest on EPF for 2016-17
• Foreign Portfolio Investors’ net inflow at Rs 16,500 crore in April
• Email id for black money information receives over 38,000 mails
• UP’s sugar mills to participate in raw sugar import programme
• Barclay brothers bid for Grosvenor House hotel
• Fast-track divestment: SUUTI stake-sale among top options
• Finance Ministry approves 8.65% interest rate on EPF
• Cairn India, partners to invest Rs. 3,240 in Ravva fields
• Trading in corporate debt securities hits record 14.7 lakh cr in 2016-17
• M-cap of top 6 cos falls by Rs.47,463 cr; TCS, RIL badly hit
• Infosys to ramp up local hiring in US amid H-1B visa concerns

• Finance ministry expects 6 banks to raise funds via FPO
• Govt may soon allow 100% FDI in cash, ATM management companies
• Petrol price hiked by Rs1.39 per litre, diesel up by Rs1.04
• Opec warns of a world that still has far too much oil
• Credit growth plunges to over 60 year low at 5% in FY17
• PSU insurers gain big from ITC; private players turn ‘responsible’
• Withdrawal trend reverses in Jan Dhan accounts; deposits up Rs 1,000 cr
• Post demonetisation, 90 per cent Indians book holidays via plastic money
• MF assets soar to Rs 17.5L cr in FY17
• MP govt, DMRC to ink pact to supply power from Rewa project
• Present Indian market valuations seem stretched
• CBEC sanctions Rs 1 cr to each zone for GST outreach

Morning Business News :

• NSE ex-staffer reveals how some got preferential access to servers
• P-notes back after laws close up to international norms
• Banks cutting rates to use liquidity available: Jaitley
• Jio launches ‘Dhan Dhana Dhan’ offer at Rs 309
• China remains world’s biggest executioner: Amnesty
• Capital infusion in banks not the last step: Jaitley
• SC pulls the plug on Tata, Adani power tariff relief
• Vedanta, Cairn India finish merger to form $15.6-bn market cap entity
• Currency returned to RBI post-note ban being calculated: Jaitley
• Govt removes limits on corporate funds to political parties
• Mahindra Holidays buys 3.22% in HCR for 2.16 mn euros

• NPA policy: Govt to help banks speed up decisions
• Aditya Birla Nuvo shareholders approve merger with Grasim
• Power Ministry launches portal for notifying electricity outage
• BHEL bags order from Railways for solar power plant
• Cox & Kings promoter picks up 51% stake in travel start-up
• Clearing BS-III inventories and slowdown woes dog truck makers
• March inflation seen edging up closer to RBI’s mid-term target: Reuters poll
• Govt planning tougher norms for commodities spot market
• Tata Steel JV poses high risk for Thyssenkrupp, warns German union
• Macquarie to acquire solar power assets of Hindustan Powerprojects in $600 mn deal
• IBA looking for forensic auditors to check bank frauds
• Bharti Airtel appeals ASCI to review order on fastest network ad
• Vedanta Resources’ zinc output rises 40 per cent in India
• Parliamentary panel for reservation in Petronet LNG Ltd
• US anti-trust probe hobbles pharma companies
• Yogi cracks the whip on erring sugar mills
• Oil stocks rise on prospect of free pricing of auto fuel
• Karnataka Bank soars on ICICI’s stake buy

Morning Business News :

• Railways to allow private cos to run own freight trains
• Realty sector gets 19 investments worth $3.4 bn
• Global IT spend to grow 1.4% to $3.5 tn in 2017: Gartner
• Niti Aayog close to finalising 3-year action plan
• Reliance Jio to launch more exciting offers
• Flipkart raises $1.4 bln, acquires eBay India
• TDSAT defers hearing on Jio offer case to April 20
• Tata Motors global sales rise 9% in March
• Reliance Power signs deal worth $1 bn from Bangladesh Power Board
• Govt reduces number of centrally sponsored schemes from 66 to 28
• India & Australia commit to begin uranium exports, hold talks on trade pact
• AT&T to buy Straight Path Communications for $1.25 bn in all-stock deal

• No proposal to review FDI policy in multi-brand retail: Govt
• Vodafone moves Trai against Jio Summer Surprise offer
• USFDA issues 4 observations to Marksans Pharma’s Verna plant
• China-based hacker group targeting Indian firms: FireEye
• L&T arm wins Rs. 5,250-cr order from Qatar firm
• NIIT-led consortium bags Rs. 750-cr deal from Canada’s RECO
• India is one of world’s most expensive stock markets
• RBL Bank now among India’s 10 most valuable banks
• India is losing faith in free-trade agreements
• RBI may go for 25 bps rate cut in August: BofAML report
• Technology hits workers’ income share more than trade, IMF says
• Fortum India to add 250MW solar power capacity every year
• India’s fuel consumption grows at slower rate of 5% in FY17
• HDFC Bank to raise Rs 50,000 cr in next 12 months
• Emerging economies face less supportive external environment, warns IMF
• Tesla overtakes General Motors in market value
• Pharma sector hit by US FDA concerns and rising rupee
• Centre plans steps to support import-scarred steel sector
• All liquor shops across MP to be shut down: Chouhan
• D-Mart’s m-cap surges past Rs 50,000 cr mark

Morning Business News :

• President urges people to make India cashless society
• FPIs pour in $2.45 billion in just 4 trading sessions
• Religare to exit RHI for Rs 1,040 crore
• Heavy penalty on private EPF trusts for default
• 375 affordable home projects launched across India
• Airtel, BSNL working with Nokia to prepare for 5G
• UK, India agreed to work in energy, gas: Greg Clark
• India, Bangladesh to sign investments pacts worth $9 bn
• I-T dept issues fresh tax demand of Rs 10,247 cr to Cairn
• Irdai asks insurers to appoint data security officer by April 30
• Biz confidence hits record high with cos upbeat on eco: CII
• Bhushan Steel gets S4A-ready, submits final proposal to banks
• China anti-graft body probing chief insurance regulator
• Inter-State Council deliberates on Centre-state fiscal math
• RIL closes in on TCS for top m-cap ranking
• NSE cuts fee on options, currency derivatives to deepen market

• Gold imports shrinks 24% to $23 bn in Apr-Feb FY17
• Micro-caps make macro gains in 13-month surge
• Finance ministry may ask SEBI to extend public float deadline for PSBs
• Ms wipe in talks to raise up to $40 million
• Energy firms to raise $1 bn in debt from UK market
• Iran said to cut benefits on oil sales to India’s IOC, MRPL after reduced import
• Govt asks PSBs to finalise next wage revision before 1 Nov
• No deadline for introduction of Sharia banking in India: RBI
• Mother Dairy turnover up 9 pc at Rs 7,850 cr in FY17
• 826 housing projects running behind schedule, says ASSOCHAM
• Airtel, Vodafone, Idea saw most billing complaints in October-December
• Jio complementary offer not in sync with regulations: Trai
• Banks get time till June 30 to obtain PAN from a/c holders
• Centre plans steps to support import-scarred steel sector
• Mutual fund AUM de-grows by 1.92% on year-end outflows
• CBI books firm for duping PNB of Rs 1,301 crore