Morning Business News Round up_Mar 08, 2016

Morning Business News :

  • Fitch lowers India’s FY 2017 growth forecast to 7.7%
  • Mukesh Ambani’s $20 bn bet on TV, telecom may rekindle wealthy brothers’ rivalry
  • ED files money laundering case against Mallya
  • Oil rout over, OPEC aims for $50 anchor: PIRA
  • Tata Motors, Bharat Forge tie up for FICV project
  • Iron ore jumps by record 19%
  • Govt relaxes CCI threshold limits for deal approvals
  • Industry hails proposal for 40% tax benefit on NPS scheme
  • FIPB clears Rs 14K cr FDI proposals; Nippon, Yes Bank get nod
  • OBC revises capital requirement from LIC for Fy16
  • Defence Ministry is ‘in no hurry’ to divest in HAL, BEL
  • Apollo Tyres enters two-wheeler segment with Acti series

  • Germany rejects calls to give Greece more time for budget goals
  • Oil jumps as traders close short positions, US producers cut rig count
  • India’s coming oil drought will dwarf China’s shortfall
  • Suzuki plans $1.8 bn bond sale to fund India expansion
  • Govt aims to pass Aadhaar Bill in next 10 days
  • Sebi planning overhaul of commodity market norms
  • Strides acquires three OTC brands from Swedish firm Moberg
  • World’s food-import bill just shrank $9 bn to five-year low
  • Equity MF inflows hit 21-month low at Rs 2,522 cr in Feb
  • NSE to auction investments worth Rs 4,681-cr in govt debt
  • Govt could gain votes in 2016 to pass GST bill: Morgan Stanley
  • Modi’s budget promises fail to cheer debt-laden farmers
  • Pharma crusader Dinesh Thakur takes India’s drug regulators to court
  • RBI to share FDI-related info with IB, RAW on black money
  • CBDT forms directorates to monitor taxpayer service
  • UK visa fees set for big hike from March 18
  • China sets deadline to switch over to VAT from May 1

Today’s Wealth Mantra !

“Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
― Warren Buffett

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