Morning Business News Round up_Mar 15, 2016

Morning Business News :

  • Inflation down in February; raises hope for interest rate cut
  • Cairn India seeking higher price to extract more oil
  • New policies to attract investments in oil&gas: S&P
  • India’s trade deficit with China swells to $51.9 billion in 2015
  • RIL, Tata Motors among top 10 sustainable firms: Survey
  • India Inc’s overseas investment up 40% at $3.14 bn
  • No evidence of money laundering by IDBI bankers
  • Rs 4,000-crore USL funds transfer under scanner
  • Jindal Power divests 4.12% holding in India Energy Exchange
  • Proposal of 25% corporate tax cut will bring transparency: India Ratings
  • Wheat, pulses and seasonal fruits maximum hit in hailstorm
  • Sebi rule makes Vijay Mallya’s board position at Bayer, Sanofi shaky
  • Moody’s downgrades Adani Abbot Point Terminal
  • Crompton Greaves’ businessrejig move arrests value erosion
  • Delhi HC stays government ban on Pfizer’s Corex cough syrup
  • Mallya case: ED writes to banks, multiple probe agencies
  • Wipro picks up minority stake in US-based Emailage
  • Opec sees lower 2016 demand for its oil, pointing to higher surplus
  • Govt may need an extra Rs25,000 cr in risk to fiscal deficit goal
  • Rusty Kingfisher jets on tarmac show besieged Vijay Mallya’s fallen empire
  • ICICI Bank to raise $750 million via offshore 10-year bonds
  • Bankers in two-day marathon meeting to discuss 10 stressed cases
  • Sensex closes 86 points up, Nifty50 settles at 7,539;
  • Glenmark gets final FDA nod for migraine headache relief drug
  • Morgan Stanley revises India growth estimate for 2016 to 7.5%

  • Air India monetising assets to bounce back
  • HSBC cautious, underweight on Indian equities
  • No rollback of excise on jewellery: Jaitley
  • India is the largest three-wheeler industry globally
  • Fairfax to acquire 49% in Quantum Advisors
  • Core banking facility available at over 20k post offices
  • ONGC mulls drilling nine development wells in 2 fields

Today’s Wealth Mantra !

“The individual investor should act consistently as an investor and not as a speculator.”

― Ben Graham

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