Morning Business News Round Up_April 30, 2019

Morning Business News:  

  • PSBs’ merger: PNB, Union Bank & BoI may get a call
  • Companies face queries over input tax credit claims
  • IDBI seeks nod to extend Jaypee resolution deadline
  • Tribunal adjourns SBI’s case against Ruias till May 15
  • Some employees want to bid for Jet, write to SBI
  • Macquarie double-downgrades YES Bank, cuts target price by 40%
  • Debt-ridden Reliance Capital ready to cede control in home finance
  • Foreign retail investors, NRIs allowed to invest in GIFT City bourses
  • India notifies pact with US for exchange of reports on tax evasion by MNCs

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  • PNB takes Tarapur Textiles Park to DRT for $13-million loan default
  • Volkswagen India to merge 3 companies to save cost and boost sales
  • US sanctions on Iran, rise in crude oil prices stoke inflation fears
  • Garden Reach bags ₹6,311-cr order to build 8 ASW water craft
  • Petronet plans floating LNG terminal off Andaman Islands
  • Aurobindo Pharma gets eco nod for AP plant expansion
  • IBBI gives defaulting promoters a last chance
  • Wipro Consumer Care acquires Splash Corp of the Philippines
  • HDFC Life outperforms peers, SBI Life gives tough fight on valuations
  • Interest earned on EPF balance post retirement is taxable
  • Bank of Maharashtra returns to profitability on better asset quality
  • Jan-Mar PE investment deal value touches $8,451 mn: report
  • Vijay Mallya repeats offer of 100% payback for Indian banks
  • Zomato to invest around ₹56 crore to set up 20 more warehouses
  • Despite challenges, steel industry fares well in FY 19
  • TDSAT reserves order on Bharti plea against DoT demand
  • ONGC readies investment plan for Kutch offshore
  • Vistara to lease six of Jet Airways’ grounded Boeing aircraft
  • FRP default: Maharashtra likely to issue notices to nine sugar mills
  • US consumer spending roars back
  • Oil falls after Trump-OPEC plan to offset Iran sanctions
  • India notifies pact with US to check tax evasion by MNCs
  • India, Peru to hold next round of FTA negotiations in August
  • Housing sales down 5 per cent in Q4

Morning Business News Round Up_April 26, 2019

Morning Business News: 

  • RBI to attract more foreign capital for nation-building
  • India’s crude oil production drops 4 per cent in FY19
  • Jet Airways stake sale process may hit SOEC hurdle
  • Tata Steel reports Q4 profit of Rs 2,431 crore
  • NBCC sweetens bid for Jaypee Infra, offers land parcels
  • Bank credit grows by 14.19%, deposits 10.60%: RBI data
  • Tata Steel board approves merger of Bamnipal Steel & Tata Steel BSL
  • RBI deputy governor B P Kanungo bats for capital account liberalisation
  • Maruti signals tough road, gives weakest growth forecast in the past 5 yrs
  • Major lapses in Deloitte audit of IL&FS Financial Services, says SFIO
  • Insolvency process: NCLT asks bank officials to appear in Sterling SEZ

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  • Ruchi Soya case: Lenders to meet on Friday to consider Patanjali’s offer
  • US official insists on zero oil imports from Iran
  • ‘High fuel prices may have led to a slowdown in auto sales’
  • India sets a record foodgrains target of 291 million tonnes
  • Wendt (India)’s PAT up 10% in FY19
  • Hind Copper approves raising up to Rs 1,400 cr through QIP
  • Glenmark gets nod to market nasal spray as OTC product in Russia
  • Microsoft edges toward $1 trillion valuation on results beat
  • Sebi move opens up REITs and InVITs to retail investors
  • Axis Bank has fixed its big bad loans but small loan risks are rising
  • Nirav Modi to appear for remand hearing via videolink from jail on Friday
  • UAE’s largest sewage treatment plant built by L&T inaugurated
  • PE/VC investments in March at all-time high of $7 billion: EY report
  • Quikr buys Sequoia-backed online marketplace Zefo
  • IFC looks to provide $43.3 million debt financing to Hero Future Energies for solar farm business
  • Shriram City Union Finance net profit grows tenfold
  • Scheme for Non-PPA units: States show interest in 1,400 MW of power
  • Stressed assets resolution: RBI mulls giving 60 days additional time for repayments
  • Vodafone Idea’s Rs 25,000 crore rights issue sails through
  • Higher tariff in auction for mid-term PPA auction positive for power producers: ICRA
  • Vedanta gets green nod for Rs 12,000 crore project
  • Rupee dives to 6-week low as crude spikes above USD 75 per barrel

Morning Business News Round Up_April 25, 2019

Morning Business News: 

  • Disclose exposure to IL&FS, RBI tells banks
  • Customer plaints against banks surge 25% in FY18
  • RBI sells entire stake in NHB, Nabard to govt
  • FinMin may raise cap on 59-minute loans to Rs 3-5 cr
  • CBI’s Look Out Circulars against Bhushan steel boss
  • ISB to set up repository to store all public data
  • Companies get more time to submit ACTIVE form
  • Ipca Labs inks pact to acquire Ramdev Chem for Rs 108.5 cr
  • RBI may allow 66% lenders’ approval for resolution of stressed assets
  • IndiGo, Tatas protest govt’s basis for allotting Jet Airways slots
  • Sebi bars cash-strapped Hotel Leelaventure from asset sale to Brookfield
  • SFIO quizzes Deloitte ex-CEO over alleged audit lapses in books of IL&FS

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  • No change in Bharti Infratel’s Q4 net amid merger with Indus Towers
  • ONGC arm delays plan to invest in Iran gas field after US sanctions
  • Jalan panel on RBI’s capital size to submit report by June
  • Approach SBI, Jet tells UK entrepreneur who evinced interest in buying the airline
  • Data on jobs, GDP being analysed with a new set of proxies: CEA
  • Govt procures 55.17 lakh tons of wheat so far this year
  • Forensic auditors indicate IGIDR used data shared by MCX to develop an ‘algo-trading strategy’
  • VRS package may save Rs 1,080 cr in annual salary tab: MTNL chief
  • Voda Idea rights issue receives bids for 1109 crore shares: NSE data
  • Nasdaq hits record, S&P nears all-time high on upbeat earnings
  • Delhi HC allows Alembic, Natco to export Bayer drug for specific purposes
  • SBI gets board approval to raise up to $2.5 billion in bonds
  • After Lee Fixel exit, Tiger Global prowls for B2B startup deals in India
  • Jet Airways says will validate refund claims in 45 days
  • Ericsson moves Supreme Court against returning Rs 580 crore to Anil Ambani’s RCom
  • UltraTech Cement Q4 net profit at Rs 1,014 crore
  • US-based Avaya announces partnership with Standard Chartered bank
  • Cyberattacks to cost firms $5.2 trillion in next 5 years: Accenture
  • Customer complaints against banks surge 25% to 1.63 lakh in FY18
  • Office space worth $35 bn can be listed under REIT: JLL India
  • RBI too joins global peers in raising gold bullion reserves
  • Non-filers of GST returns to be barred from generating e way bills from June 21
  • Rupee falls by 24 paise on strong dollar demand
  • Sensex rallies 490 points; Nifty reclaims 11,700-mark
  • Self-assessed GST return permitted

Ongoing_ipo_Neogen_Chemicals_Limited

Neogen Chemicals

Download IPO Forms (Pre filled Forms): CLICK HERE

IPO Details:

Issue Open Date April 24, 2019 Price Band : Rs. 212 – Rs. 215
Issue Open Date April 26, 2019 Minimum Bid Qty : 65 Equity Shares and in multiples thereof
Face Value Rs. 10 Minimum Investment : Rs. 13975/-

 

 

Incorporated in 1991, Neogen Chemicals is Mahape, Navi Mumbai based manufacturer of bromine-based and lithium-based specialty chemicals in India. Neogen makes both organic and inorganic chemical compounds.

 

These specialty chemicals are used in pharmaceutical intermediates, agrochemical intermediates, engineering fluids, electronic chemicals, polymers additives, water treatment chemicals, construction chemicals, and flavors and fragrances.

 

As on February 28, 2019, we have manufactured an aggregate of 198 products comprising 181 organic chemicals and 17 inorganic chemicals. The company markets and sells products in India, Europe, Japan, and the USA.

 

The manufacturing units of the company are located in Navi Mumbai in Maharashtra and Karakhadi, Vadodara in Gujarat. Neogen is proposing to expand its manufacturing facilities by setting up new units at Vadodara Facility and the Dahej Facility. The Proposed Dahej Facility is a green-field manufacturing facility for manufacturing inorganic chemical products.

 

The company annually manufactures 1,30,400 liters of organic chemicals and 1,200,000 Kg. of inorganic chemicals.

Company Promoters :

  1. Haridas Thakarshi Kanani
  2. Harin Haridas Kanani

Neogen Chemicals Limited IPO Registrar:

Name of the Registrar : Link Intime India Private Limited

Address of the Registrar : C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), 400 083, Mumbai, Maharashtra, India

Contact person name  :  Shanti Gopalkrishnan

Contact details+91 22 4918 6200

Email ID :  neogenchem.ipo@linkintime.co.in

 

Note: Check Neogen Chemicals Limited IPO allotment status on Linkintime website allotment url. Click Here

 

Download IPO Forms (Pre filled Forms) :  CLICK HERE

 

Note : You can contact Mr. Bhavesh on 079-68174005 , for any help regarding IPO subcription

 

Morning Business News Round Up_April 24, 2019

Morning Business News:

  • SoftBank eyeing a pie in Mukesh Ambani’s most valuable asset
  • RBI okays HDFC proposal for stake in Bandhan Bank
  • US to ensure steady oil supply for India
  • Cos may get more time to meet new disclosure rules
  • HC rules taxman can seek interest on GST liability
  • Essar can’t discriminate between creditors: NCLAT
  • RBI’s second 3-year dollar-rupee swap auction too a grand success
  • ITC takes Hotel Leela to NCLT over ‘oppression’ in JM ARC, Brookfield deals
  • RBI to buy Rs 25,000 crore of bonds in two instalments via OMO in May

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  • Saudi, Iraq and UAE may fill in Iran gap as US ends sanctions waiver
  • Tata Global Beverages to acquire Dhunseri’s packet tea biz for Rs 101 cr
  • Micro finance sector to grow up to 22% in FY20: ICRA
  • Pharma exports increase 11% to $19.2 billion
  • Jindal Steel completes first-ever rail order ahead of schedule
  • Nagarjuna Oil case: NCLT dismisses Haldia Petrochem plea to appoint new valuer
  • Sterlite Tech Q4 net profit up 47% to Rs 165.17 cr
  • Zee launches theatre channel Spotlight on Airtel Digital TV
  • Reliance prepares the ground for e-commerce launch
  • Essel Group in talks to sell road assets to CDPQ, Cube Highways
  • Govt extends ban on import of milk products from China
  • Trai directs Bharti Telemedia to comply with provisions of new regulations
  • Lupin’s Pithampur facility may face regulatory action, says USFDA
  • Cola Cola sees growth in India among other APAC markets in Q1
  • Future Retail gets CCI nod to raise Rs 2,000 crore via equity warrants
  • Jaypee Infratech homebuyers offered Rs 97-crore compensation
  • ICICI Securities announces dividend of Rs 5.70 per share
  • Government likely to raise wheat import duty to 40%
  • Global warming shrank Indian economy by 31 per cent: Study
  • P&G guilty of profiteering Rs 250 crore from GST rate cut
  • Solar capacity addition of 7-7.5 GW likely this fiscal
  • Jet Airways will do everything to revive airline, says CEO
  • Industry delegation calls on RBI Guv, discusses steps for MSMEs, NBFCs
  • GAIL emerges as highest bidder for IL&FS wind power plants

Morning Business News Round Up_April 23, 2019

Morning Business News:

  • Finmin asks all depts to review govt guarantees
  • India’s oil needs are well secured: Sources
  • Job creation down 1.7 pc in Feb: ESIC payroll data
  • SBI offers 20 bps discount on electric vehicle loans
  • ‘Jio fastest with 22.2 mbps download speed in March’
  • Blackstone buys Essel Propack for up to $460 million, to launch open offer at Rs 139/share
  • RBI committee to peg excess capital at Rs 3 trillion, says BofAML
  • OMCs unlikely to be impacted by US withdrawal of sanction waiver
  • Jet Airways bids set to draw a blank; Etihad to say no, TPG back out too
  • RBI may tweak Feb 12 circular on stressed assets to 30-day grace period

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  • Gail top bidder for IL&FS wind power plants with Rs 4,800-crore offer
  • JNPT raise offer to buy Air India tower
  • Coal import rises 9% to 234 MT in FY19
  • BEML, Syndicate Bank sign MoU, to book ₹100 cr-biz
  • McLeod Russel to sell 3 Assam estates to Luxmi Tea Company for₹150 crore
  • SpiceJet and Emirates enter into code-share agreement
  • Reliance Jio GigaFiber to offer broadband, landline and TV combo for ₹600
  • SECI postpones manufacturing-linked solar bid for 3 GW till May 14
  • Hindustan Copper board to consider fund raising via QIP
  • SpiceJet to deploy sub-leased aircraft from Jet lessors
  • DTH players violating new norms to face strict action : Trai chief
  • Banking on banks: Air India SPV seeks to lower debt burden
  • March air traffic growth slowest in 5 yrs; groundings, flight cancellations to blame
  • Volkswagen moves Supreme Court against NGT’s Rs 500 crore fine
  • Once A-rated at S&P, struggling Oman economy risks further cut in ratings
  • Debt schemes: Mutual Funds exposure to DHFL group firms at Rs 6,500 crore
  • RBI has $43 billion excess capital: Report
  • Flows into Asian bonds touch $5 billion in March
  • Sensex cracks over 480 points, Nifty below 11,600
  • Oil prices soar by about 3 per cent as plans US end to Iran sanction waivers
  • Rupee drops 32 paise, may stay weak if crude spikes

Morning Business News Round Up_April 22, 2019

Morning Business News:

  • Higher import duty sought on China leather, footwear
  • Adani Group bags several projects across sectors
  • HPCL continues not to recognise ONGC as promoter
  • TCS modernises 1.5 lakh post offices with India Post
  • Jan Dhan deposits inching towards Rs 1 lakh cr mark
  • Kazak seeks BSE help for startups, international exchange
  • NCLT rejects ArcelorMittal’s plea for EPC re-vote
  • No takers for Pawan Hans; govt’s divestment plan fails for second time
  • Insurance firms hike rates after GIC Re changes policy on fire risk pricing
  • Jet crisis: From SBI to IOB, PSBs to be hit hardest if there’s no buyer
  • Steel industry to keep utilisation levels high in lean monsoon period

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  • Bahrain’s Gulf International Bank establishes Saudi arm with $2 bn capital
  • Air India Express mulls leasing some Jet Airways’ Boeing 737s
  • Centre extends deadline for GST sales return for March until April 23
  • L&T MBDA seeks approval for SEZ unit to assemble missile sub-systems
  • Jet’s gross debt likely to add up to₹11,261 cr
  • 205 railway projects report cost overrun of Rs 2.21 lakh cr
  • Adani Enterprises arm acquires Alpha Design Technologies
  • FinMin set to issue policy norms for fintech sector
  • Tatas may be waiting in the wings to buy Jet Airways
  • Reliance Jio’s  falling  Arpu  may be good news for sector
  • Saudi Aramco to buy Shell’s stake in Saudi refining JV for $631 million
  • Asset valuation is biggest concern for institutional investors in 2019: Report
  • Canada’s Brookfield looks to acquire Mytrah Energy
  • Rise of omnichannel strategy to slow down growth of online retailers
  • Infosys, Cognizant ramp up security in the wake of Wipro data breach
  • RBI says no direction issued for 5-day working in commercial banks
  • Once A-rated at S&P, struggling Oman economy risks further cut in ratings
  • Finance Ministry asks CPSEs to prepare list of non-core assets, initiate talks with potential investors
  • Hyundai mulls options for sourcing EV components in India
  • Basmati rice exporter GRM to enter domestic market; to invest Rs 50 crore
  • IndiaMart expects 29 pc CAGR revenue growth in next 2 yrs
  • Job creation trebles in Feb at 8.61 lakh, according to EPFO payroll data
  • India is not a tariff king, has right to protect specific sectors under WTO: Experts
  • Not involved in any cash payment arrangement to Venezuela’s PDVSA for oil: RIL

Morning Business News Round Up_April 16, 2019

Morning Business News:

  • Exports grow 11% in March; trade deficit narrows
  • Jet lenders still undecided on funding; board to meet Tue
  • Infosys’ digital strategy to curb attrition
  • Samsung says it sold 2 milion A series smartphones in 40 days, clocks USD 500 million in sales
  • India’s trade deficit narrows to $10.89 bn in March, exports grow 11%

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  • Trump asks Boeing to rebrand 737 Max in ‘what the hell do I know’ tweet
  • Wipro Q4FY19 preview: Analysts see dip in margins; modest rise in PAT
  • Net interest margin of NBFCs likely to come under pressure
  • India’s cotton output to decline to 343 lakh bales in FY19: report
  • Export of oilmeals rose 31% to Rs 6,222 cr in FY19
  • Maruti Suzuki retains top slot even in tough FY19
  • Wockhardt stocks rise; firm says USFDA inspection yields no observations
  • Firms with turnover over ₹2 cr can now start filing GST audit reports for FY18
  • IBC cases admitted over RBI circular to continue, says IBBI chief
  • Lakshmi Vilas Bank to allot near 5% shares to Indiabulls Housing Finance
  • Gold falls by Rs 200 on muted demand, extends losses for 4th day
  • Metropolis Healthcare makes a strong stock market debut; lists up 9% from IPO price
  • SpiceJet shares surge more than 8% on launch of new international flights
  • NBFC-MFIs raise Rs 26,000 cr through securitisation in FY19
  • Rupee drops 25 paise to close at 69.42 vs USD
  • TCS shares jump nearly 5 pc after Q4 results; m-cap rises by Rs 36,136 cr
  • Sensex ends 139 pts higher

 

Morning Business News Round Up_April 15, 2019

Morning Business News:

  • Management to meet lenders, pilots to decide Jet’s fate
  • UK govt to resume cross-party Brexit talks next week
  • NPCI bats for blockchain to boost digital payments
  • Tata Projects eyes Rs 16,000 cr topline this year
  • BoB expects integration of Dena & Vijaya Bank in 2 yrs
  • RBI’s revised debt resolution rules likely post-election
  • Indian capital market soars despite global, domestic headwinds
  • IMF predicts ‘delicate year’ for world economy, warns India about inflation
  • 344 infra projects worth Rs 150 cr each show cost overruns of Rs 3 .16 trn
  • Creditors recover nearly half of total claims in 88 insolvency cases

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  • Ashok Leyland eyes partnerships in EV space in bid to pare huge R&D costs
  • TCS hungry for acquisitions, scouting for assets to boost growth, says COO
  • Robust textile exports help India reduce trade deficit with China
  • TVS, Suzuki, Piaggio gain scooter market share in FY19
  • Dr Reddy’s buys 42 approved new drug applications in US
  • Maruti Suzuki retains top slot even in tough FY19
  • Robotised module cleaning systems, ‘floating’ panels to drive L&T’s solar EPC business
  • Zee5 to test mobile-only plans to take on Netflix
  • RBI net buyer of dollar for 3rd month in a row, snaps up $825 m in February
  • Reliance Jio crosses 300 million customers mark
  • ₹25,000 crore rights issue not enough for Vodafone Idea: Experts
  • Iran says US pressures on Iran, Venezuela making oil market fragile
  • Govt makes it mandatory for all medical devices to get CDSCO certification
  • Daikin India eyes Rs 5,000 crore turnover in FY20 with 20% sales growth
  • India’s 2nd largest lender Bank of Baroda to evaluate board performance
  • ONGC arrests fall in oil output from onshore wells, posts higher growth despite vintage fields
  • Income tax dept coming after demonetisation cases, sets June 30 deadline for field officers
  • Suven gets US court nod to buy assets of Rising Pharmaceuticals
  • India shifts to net steel importer in 2018-19, first time in three years
  • FPIs stay bullish on India, pour in Rs 11,096 cr in April so far
  • Wholesale sugar prices seen increasing to Rs 34/kg this year

 

Morning Business News Round Up_April 13, 2019

Morning Business News:

  • Uday Kotak flags widening trust deficit between govt & industry
  • CMFRI, ISRO sign MoU for mapping smaller wetlands
  • Forex reserve swells by $1.87 billion to $413.8 billion
  • Thermax buys out entire stake of JV partners in TSPX
  • India banks’ loans jump 13.2 pct y/y in two weeks to March 29: RBI
  • In a first, nine private sector specialists selected as joint secretaries in govt departments
  • Ayushman Bharat package rates revision on radar
  • Uber hints at serious cash burn to step up market share in India
  • Infosys Q4 profit rises 10.5% to Rs 4,078 crore, meets Street estimates

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  • TCS net profit up 17.7% to Rs 8,126 crore in Q4, crosses $20-bn revenue
  • Naresh Goyal submits EoI as crisis-hit Jet Airways stares at closur
  • Govt’s infrastructure push sees a demand shift in the cement sector
  • At 2.86%, CPI inflation at 5-month high in March on high food prices
  • Chevron Corp plans to buy Anadarko for $33 billion in shale, LNG push
  • NTPC tempers growth in coal-fired capacities, meets under 25% of FY19 goal
  • PayU buys payment security firm Wibmo for $70 million
  • Auto sales on track: 3-wheelers buck the trend with 24% growth in FY 19
  • Kotak Bank cuts interest rate on select saving accounts
  • Average corp bond spread falls to lowest since December 2018
  • Bhushan Power insolvency: NCLT to conclude BPSL hearing by April 15
  • Banks need to upgrade their PoS as 2G phases out: Telecom dept official
  • Vedanta Resources raises USD one billion via bonds
  • CERC approves higher tariff for Adani Power’s 2 GW capacities at Mundra plant
  • India’s 2018/19 Iran oil imports up 5% despite US sanctions
  • SpiceJet shares zoom 8.5% on plans to induct 16 Boeing 737-800 NG aircraft
  • India becomes net steel importer in 2018-19, first time in three years
  • Tripoto raises ₹25 crore funding from Orchid India, others
  • More bank mergers can spur efficiency, RBI researchers say
  • Open offer for NIIT Tech to begin from 31 May
  • DoT seeks bank guarantee of ₹8,500 crore to approve Airtel-Tata Tele merger