Morning Business News :
• BSE to introduce auto-cancellation of reversal trades soon
• BSE-listed companies spentRs. 6,400 cr on CSR last fiscal
• BSNL cuts mobile call rates by 80% for new customers
• CAG raps railway over lack of land management cells
• Century Textiles allots 10.18 mn shares to two firms of Aditya Birla Group
• Commodity exchanges eye revival after modest 2015
• Currency valuations buoy India’s Forex reserves
• CVC alerts banks to fake CA certificates from borrowers
• Delayed GST bill better than flawed one: Chidambaram
• Emerging equities, a value trap with weak earnings outlook: Survey
• FDI focus to improve external finances, bolster rupee: Moody’s
• Gold-rich temples weigh monetisation, but ‘melting’ a dampener
• Govt sells PSU shares worth $5 billion in 2015
• Govt to announce minimum import price of steel soon: Minister
• Govt to remain tough on service quality issues of telcos
• Industry to be safeguarded from GST delay: Piyush Goyal
• IVRCL to carve out two companies
• Kesoram Ind to raise up to Rs 650 cr via issue of securities
• Madura experiments with first omni-channel retail
• Nine of top 10 most valued companies add Rs 69,415 cr in market capital
• No service tax on payments to expats in MNCs arms
• PFRDA switches to PAN for online enrolment under NPS
• SCOPE suggests fresh reform committee for PSUs
• Sun Pharma gets USFDA warning letter on Halol facility
• Tata Motors only Indian firm on top-50 global R&D list, topped by Volskwagen
• Tata Power’s arm commences 150 mw supply to Kerala
• US justice department probes data breach at Uber
• USFDA warning letter: Sun to set up taskforce to tackle Halol problems •
• Very low chance of any severe market turmoil from external risks
• Volatility to rule markets in holiday-shortened week
Today’s Wealth Mantra !
“The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes.”
-Alfred Marshall
