Morning Business News Round up_Mar 09, 2016

Morning Business News :

  • FM Jaitley rolls back proposal to tax EPF
  • FDI proposals of Rs 48,902 cr cleared till Jan in FY16
  • Oil prices may drop to $25/barrel: Moody’s
  • Govt to sell 5% in Concor today, to get Rs 1,165 cr
  • PSB NPAs up by Rs 1L cr in 9 months of FY16: FM Jaitley
  • SBI and BoB not excited on move to consolidate state banks
  • Steel imports have come down by 1/4th against FY15: Steel Ministry
  • CBI probing alleged Rs 1K cr fraud at state-run Syndicate Bank
  • Sebi to make capital markets off limits for willful defaulters
  • NSE asks brokers to segregate client demat accounts by Apr 30

  • Govt to be held liable for delays in PPP projects
  • Suzuki Motorcycle begins assembling Hayabusa at Gurgaon plant
  • ISGEC Heavy Engg plans new branch in Jordan
  • NTPC’s Kudgi plant to start commercial production in Sept
  • Anti-dumping duty on polypropylene imports from Singapore
  • Century Plyboards to pay Re 1/share interim dividend
  • ICICI Bank to allow women employees to work from home for up to a year
  • Berkshire reports record full-year profit of $24.08 billion
  • Suzuki plans $1.8 billion bond sale to fund India expansion
  • IDBI Bank’s QIP plan to be revived
  • Ajay Piramal targets distressed Indian assets
  • Ikea to invest Rs2,000 crore in Haryana
  • Sensex, Nifty end flat in a volatile trade; Cairn India gains over 6%
  • Gold prices soar to 22-month high on heavy buying; global buoyancy
  • Seed funding for startups to be in thick of action in 2016: Survey
  • Hybrid MFs on track to clock Rs 20k cr inflows this year
  • Ramco Systems bags IFMS order from RSA Logistics
  • Ashok Leyland to get GDRs delisted from LSE
  • RCom gets nod for Sistema buy

Today’s Wealth Mantra !

“Investing money is the process of committing resources in a strategic way to accomplish a specific objective.”
― Alan Gotthardt

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