Morning Business News Round up_Feb 23, 2016

Morning Business News :

  • PSB mergers top priority under banking reforms
  • Tata Steel to restructure India biz to raise productivity
  • Cairn India, Vedanta, PNB to exit from Nifty 50 from April 1
  • Global investors hit by concerns over Europe, China
  • Verizon to buy fiber-optic biz for about $1.8 bn
  • GBP falls to near 7-yr low against $ on Brexit fears
  • Most in RBI’s external panel recommended rates stay on hold
  • Corporate India tightens criteria for investment in debt schemes
  • FinMin entrusts Sebi to regulate gold exchange
  • Comexes demand CTT exemption for commodity futures
  • Sandoz Inc, Macleods Pharma recall 2 drugs made in India

  • World Gold Council sells ‘Azva’ brand to PC Jeweller
  • Centre to sell 5% stake in NTPC on Feb 23
  • Top 20 PSU banks valued similar to five leading NBFCs
  • Tata Motors changes hatchback Zica name to Tiago
  • Reliance Comm gets CCI nod to acquire Sistema’s MTS
  • Centre trying to resolve Vodafone tax issue: Prasad
  • LIC buys shares worth Rs. 10,415 cr in 18 Sensex cos in Q3
  • Rupee closes at fresh 30-month low of 68.61 against US dollar
  • HSBC reports drop in profits from India business; tax enquiry continues
  • India’s patent office says no to software patents, again
  • India softens stance on Bay of Bengal free trade agreement
  • BSE Sensex gains for fourth day, ends 80 points up, NSE Nifty settles above 7,230
  • Equity MFs AUM hit 5-month low of Rs 3.45 lakh cr in Jan
  • Rajesh Exports bags Rs 840 crore export order from UAE
  • Installed solar power capacity touches 5,000 MW in January
  • BSE says one-person company can act as stockbroker
  • Raise import duty on steel to 25% in Budget: Ficci
  • RIL deliberately extracted gas from its KG blocks: ONGC
  • Over 90m Takata airbag inflators may face US recalls
  • Saudi-Russia oil deal failed to stop biggest bull exodus

Today’s Wealth Mantra !

“Unless you can watch your stock holding decline by 50% without becoming panic stricken, you should not be in the stock market.”

-Warren Buffett

Demat_Offer