Morning Business News Round up_Feb 09, 2016

Morning Business News :

  • RBI group sets ball rolling for interest rate options
  • Indian economy to grow at 7.6% in FY16
  • PE investment in realty up 80% in 2015
  • Govt may come out with tenders for 2-4GW solar power
  • 27 PSU banks wrote off Rs 1.14 lakh cr bad debts
  • Iran asks for activation of accounts with Indian banks
  • India, US inch closer to settling solar case at WTO
  • GDP grows at 7.3% in Q3
  • TRAI’s net neutrality policy a move in right direction
  • Maharashtra aims Rs 4 tn investments at ‘Make in India’ week
  • Steel industry plans big via imposition of MIP
  • Commerce ministry wants sunset clause for SEZs to go
  • Bombay HC admits RCom-Sistema Shyam merger
  • PAN card requirement: Jewellers to go on 1-day strike to protest govt order
  • Suzlon completes testing, certification of S111 turbine
  • India’s passenger vehicle density to nearly double by 2020
  • Banks step up forensic audit of borrowers
  • Strides to acquire controlling stake in Australian, Kenyan companies
  • IPO grey market abuzz with activity; TeamLease enjoys strong premium
  • Govt to auction mega hydropower projects
  • Sensex slumps 330 points on global cues, Nifty settles at 7,387;
  • Crude oil slips after Saudi, Venezuela meeting
  • Gold hits highest in nearly 4 months as stockmarkets slide
  • Biocon set to seek US FDA approval for biosimilars

Today’s Wealth mantra !

“Stock price movements actually begin to reflect new developments before it is generally recognized that they have taken place”

-Arthur Zeikel

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