Morning Business News Round up_Mar 11, 2016

Morning Business News :

  • Govt strikes gold with traders’ protest as imports likely to fall
  • Govt to take back R-series oil & gas fields from Essar
  • United Spirits plans to sell properties on fast track
  • ECB cuts rates, expands asset buying to boost economy
  • US jobless claims hit 5-month low as mkt strengthens
  • Govt nod for new gas pricing & exploration policy
  • EPFO earns negative return on investment in stocks
  • Credit growth may face hurdles due to bottlenecks
  • India extends $2 billion credit line to Bangladesh
  • IMF may lower global growth outlook soon
  • CRISIL downgrades ratings of 8 psbs
  • E-payments earned Indian economy $6 bn from 2011-2015
  • India best among ems; health of psbs, corporates a worry: IMF
  • Reforms aim to unlock $40 billion worth oil and gas output
  • Relief for home buyers, Rajya Sabha passes Bill for regulation in real estate sector
  • No signs of sharp turnaround in economy in FY17: Crisil
  • Oil price could fall by $10 if output freeze fails: DNB Markets
  • Hero MotoCorp declares interim dividend of Rs. 40 per share
  • Drug prices capping only after discussions with industry
  • Cabinet approves license extension for 28 oil & gas fields
  • Domestic car sales tumble 4.21% in February
  • $45-billion FDI commitments ‘after launch of Make in India’

  • India to commence 100 MW power supply to Bangladesh
  • Govt clears proposal to amend MMDR Act
  • ED summons Kingfisher Airlines CFO, IDBI Bank officials
  • Undeveloped deep sea gas output to get free market price in future
  • Ashok Leyland plans to wrap up 23 of 27 joint ventures
  • Sun Pharma recalls 3.8 lakh cartons of osteoporosis drug in US
  • Crisil downgrades Jindal Steel due to delays in loan payments
  • SC asks telcos to assure call drops don’t exceed 2% limit
  • Fitch sees banks’ NPA ratio improving to 10.9 per cent by March-end
  • Sensex snaps 6-day winning streak, ends 170 points down
  • Decks cleared for Jaiprakash Associates, Lafarge sales
  • Sebi refuses to lift market ban on Transgene, promoters
  • BSNL in talks with Airtel for spectrum sharing deal
  • Solar capacity set to double to 4 gw this year
  • Kingfisher beer company UBL retains Mallya hold
  • Concor retail slice subscribed 1.84 times

Today’s Wealth Mantra !

“My experience indicates that most people who’ve accumulated a great deal of wealth haven’t had that as their goal at all. Wealth is only a by-product, not the original motivation.”

― Michael Milken

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