Morning Business News Round up_Mar 01, 2016

Morning Business News :

  • Plans to boost investment in gas blocks seen falling
  • Axis Bank buys 4.99% stake in Max Life Insurance
  • Service tax to be levied on transfer of spectrum: FM
  • Employer’s contribution to provident fund beyond Rs 1.5 lakh to be taxed
  • Indian Oil Corp buys Russian Urals crude in rare tender : Sources
  • Petrol price cut by Rs 3.02, diesel increased by Rs 1.47 per litre
  • Donald Trump, Hillary Clinton emerge dominant ahead of ‘Super Tuesday’: Poll
  • Maruti Suzuki hits 14-month low; exit Rs 1 lakh crore market-cap club
  • Budget proposes options and index futures in commodities
  • HC upholds TRAI order to compensate consumers for call drops
  • Budget 2016: FM leaves room for RBI to cut rates
  • Budget 2016: ‘A positive for both equity and bond markets’

  • Indirect taxes saves the day for govt, transforms fiscal landscape
  • Jaitley plans to amend SEBI Act to increase benches in SAT
  • Govt plans to relax FDI policy in insurance, food processing
  • Rs 25,000 cr for recapitalisation of banks not enough
  • Indigo to take delivery of 24 Airbus a320neo aircraft by March 2017
  • Sumitomo Mitsui Banking Corp to sell stake in Kotak Mahindra Bank
  • Rupee closes stronger at 68.42 per dollar as Jaitley sticks to fiscal deficit target
  • Indiabulls Real Estate Fund invests Rs125 cr in Mumbai project
  • Govt ready to bring IDBI Bank stake to under 50%: Arun Jaitley
  • Investors give thumbs down to Union Budget 2016, Sensex ends 152 points down
  • Global growth prospects clouded, need coherent response: OECD
  • Budget 2016: Income tax slabs remain unchanged
  • Budget is pro-village, pro-poor, pro-farmers: Modi
  • Budget aims at increasing rural income, infra: Jaitley
  • Likely to increase global confidence in our economy
  • Infrastructure to get Rs 2,21,246 cr investment boost
  • Rural sector will drive the auto mobile industry

Today’s Wealth Mantra !

“Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria.”

-John Templeton

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