Morning Business News Round up_Feb 11, 2016

Morning Business News :

  • UAE to store crude in India’s strategic facility
  • Kia, Daihatsu may enter Indian car market, could pose serious challenge to Maruti
  • Janet Yellen warns of domestic, global risks to US economy
  • EPFO plans one time bonus of Rs 750 cr in FY16
  • Grant 5-yr tax holiday to manufacturing units in SEZs: CII to Govt
  • USITC hearing on anti-dumping probe on steel products from India in May
  • GlaxoSmithKline Pharma Q3 net up 76% at Rs 80 cr
  • Ambuja Cements net dips 66% in Dec quarter
  • SEC to vote on rules for swap dealers on US soil
  • Tata Motors global sales rise 16% in January

  • Abolish dividend distribution tax, says Raamdeo Agrawal
  • Gold ETFs record Rs. 656 cr outflow in FY16; AUM down 8.5%
  • NHPC net profit more than doubles
  • Mercator sells Singapore arm for S$3
  • Chinese internet firms offer $1.23 bn for Norway’s Opera Software
  • ACC profit falls 69% to Rs102 crore
  • Indian Overseas Bank Q3 loss widens to Rs1,425 crore
  • ONGC mulls $500 million investment in Venezuelan field
  • Identity theft biggest contributor to fraud: Report
  • India Cements posts Rs5 crore profit in Q3, misses estimates
  • Sensex slides for 3rd straight session, ends 262 points down, Nifty50 settles at 7,221; banking stocks fall
  • India’s growth well below trend: Deutsche Bank
  • Tata Consultancy bullish on BFSI segment

Today’s Wealth mantra !

“Never invest in a business you can’t understand” and “Beware geeks bearing formulas.”

-Warren Buffett

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