Morning Business News Round up_Feb 26, 2016

Morning Business News :

  • Gujarat owes over Rs 1,65,000 cr as public debt
  • India Inc’s Jan foreign borrowing down 46% at $1.4 bn
  • EPFO tightens norms for withdrawal of Provident Fund
  • Diageo to pay Vijay Mallya over Rs 515 crore as separation fee
  • RBI includes National Bank of Abu Dhabi in schedule II of Reserve Bank Act
  • Union Budget may toe the line on pay panel proposals
  • Infy Board sets 2020 aspiration as target before Sikka and team
  • IDBI Bank prices share offering to LIC at Rs 53.44 a share
  • Rupee hits new 30-month low at 68.72, down 15 paise
  • Fitch assigns NTPC’s $500 mn notes final ‘BBB-‘ rating
  • Centre offers Rs 1.9k cr for solar energy till January-end in FY16
  • Wockhardt gains on raising Rs 36cr from promoter group co
  • IMF report urges G20 to prepare global economic stimulus plan
  • Tata Motors’ Nano sales continue to dwindle
  • Sensex ends down by 113 points; federal budget in focus
  • Defense ind players join hands to promote indigenous R&D
  • Dishman Pharmaceuticals board approves maiden 1:1 bonus
  • Johnson & Johnson defiant despite $72-million lawsuit
  • RBI warns banks: ensure promoters don’t buy back seized assets
  • RBI gives banks more time to exit SDR assets
  • Ultratech leading race to acquire Jaypee’s 20 mt cement capacity
  • Railways to set up holding company for divesting assets
  • Fears of rating downgrade make fpis steer clear of Indian bonds
  • Unitech defaults on Rs38.52 cr payments to Central Bank of India
  • Rail Budget fails to impress stock markets, Sensex closes 113 points down

  • Adani’s Australian coal mine project inches closer to getting lease
  • RBI must tighten its own belts too in tackling npas
  • Installed solar power capacity touches 5,000 MW in January

Today’s Wealth Mantra !

“If you aren’t thinking about owning a stock for ten years, don’t even think about owning it for ten minutes.”

― Warren Buffett

hbd amdavad