Morning Business News Round up_Mar 03, 2016

Morning Business News :

  • Govt may drop plan to impose 2%levy on air tickets
  • Bear Market Claims First Victim As Radhakishan Damani Loses Coveted Status Of Forbes Billionaire
  • Jaitley pledges all support to keep PSBs in ‘good health’
  • New RBI capital norms may push up CAR by 1%: SBI CFO
  • ATF price up 12%; non-subsidised LPG rate cut by Rs 61.5
  • ABG Shipyard likely to get Rs 600cr infusion from Masan: Srcs
  • Govt may drop plan to impose 2%levy on air tickets
  • IMF projects 7.3% GDP growth rate for India
  • 50-bps+ rate cut possible if inflation is under control
  • Ajay Piramal in race to buy Lafarge’s $2 bn India biz
  • PSU banks rally on RBI move; shares surge by up to 12.5%
  • India plans to bring Iran back into banking clearing union
  • RIL, Tata Steel, Adani to gain from investment allowance rejig
  • Govt expects Real estate Bill to be a reality soon
  • NPAs of PSBs at Rs 3 lakh crore: CBI chief Anil Sinha
  • Putin says Russian oil producers agreed to freeze output in 2016
  • Sebi’s 1st big action in castor seeds futures scam

  • Hinduja group formally acquires London’s iconic Old War Office building
  • World Bank announces second auction for emission reductions
  • Surge in billionaire count in India jumps 333%
  • Relaxation of offshore fund norms is not enough, feel experts
  • Tax on dividends beyond Rs. 10 l:  Ministry rules out review of proposal
  • BEML bags Rs. 900 cr order from Kolkata Metro Rail
  • Plastic waste recycling start-up Banyan Nation raises $800,000
  • Global financial market volatility could be disruptive for India
  • China rating outlook cut as Moody’s warns of debt, reform risks
  • RIL to double market cap to $100 bn in 3-4 years
  • Dabur, Marico and P&G drop prices of flagship products in January
  • Vodacom, Neotel transaction lapses due to regulatory complexities
  • Sensex closes 463 points up led by gains in banking stocks; Nifty settles above 7,350; SBI surges over 12%
  • CBI blasts lenders for KFA fraud, not filing complaint
  • Jindal Steel share price surge 7% on power assets sale buzz
  • Gold prices extends losses on robust US data, higher stocks
  • Bullion traders slam duty move, gold markets shut for 3 days
  • Gold refiners face risk of UN sanction for conflict gold import
  • Infra bonds not to be tax-free in FY17
  • NTPC may get more time to meet emission norms
  • Rupee hits 7-week high of 67.54 vs $, up 31 paise

Today’s Wealth Mantra !

“As financial markets continue to broaden and deepen, the behaviour of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past”

-Timothy Geithner

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