Morning Business News Round Up_May 10, 2019

Morning Business News:

  • Reliance acquires iconic British toy brand Hamleys
  • India seeks greater access for farm products in China
  • Realty firms can opt for old GST rate till May 20
  • India urges UK to tweak tax rules for professionals
  • Tata Motors denies reports of sale of Jaguar Land Rover
  • RCom’s bankruptcy begins; next hearing on May 30
  • Coal India to increase auction offering by 14% in FY20
  • L&T acquires additional 2% stake in Mindtree; takes total holding to 26%
  • Sebi initiates proceedings against Icra over rating given to client

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  • Promoter stake in McLeod Russel dips as ABFL sells pledged shares
  • HDFC puts Jet’s Mumbai office space for sale to recover Rs 414 cr
  • UP sugar mills risk Rs 500 cr loss as regulator cuts power tariffs
  • Maruti Suzuki cuts production by around 10% in April
  • Sundram Fasteners Q4 standalone net up 15% to Rs109.54 cr
  • Tata Steel to sell 19% stake in Oman mining arm
  • Granules India Q4 profit zooms over 3-fold to Rs 64 cr
  • Voltas consolidated net falls 27% to ₹ 141.75 cr in March quarter
  • Asian Paints Q4 net slips to Rs 487.50 cr
  • Oil dips as US-China trade worries outweigh supply disruptions
  • PNB Housing Finance profit up 51% at ₹380 crore
  • Indian Overseas Bank Q4 loss narrows to₹1,985 crore
  • Inflows into equity mutual funds slump 61% in April
  • US-China trade gap shrank in March to smallest since 2016
  • MCA may refer Jet Airways to SFIO for fund diversion probe
  • McDonald’s strikes out-of-court settlement with Vikram Bakshi
  • India may export 10-11 million tonnes iron ore pallets to China this year, say traders
  • Dubious firms in MCA-21: Govt says no impact on GDP numbers
  • Gold rises for second day on positive overseas trend
  • India Ratings downgrades Yes Bank with negative outlook
  • Vodafone pledges entire stake in Vodafone Idea with foreign banks
  • E-purchase of jewellery up 38 per cent this time

Morning Business News Round Up_May 9, 2019

Morning Business News:

  • US to raise duty on $200 bln worth Of Chinese imports
  • RBI allows banks to treat IL&FS expsoure as NPAs
  • India to add 11.5L jobs in first half of FY20: Report
  • RBI warns of more fiscal slippages by states
  • Saudi Aramco offers to increase oil supply to India
  • Stability will return to telecom mkt by Q4 FY20: COAI
  • India’s domestic passenger market falls to 3.1% in March, says IATA
  • Four-fold rise in total solar capacity but rooftop meets just 10% of target
  • Lenders set to realise Rs 80,000 cr from insolvency process in FY20: Icra
  • Sebi allows foreign portfolio investors to invest in municipal bonds

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  • Lupin gets govt nod for more time to complete project in Indore SEZ
  • Vodafone’s merger with TPG Telecom blocked by Australian regulators
  • Home buyers have no say in choice of GST rate: FinMin
  • Titan Q4 net up 14% at Rs 348 cr
  • McLeod Russel’s short-term rating downgraded
  • Brigade Enterprises posts ₹72-cr profit
  • Zee Entertainment set to announce Q4 results on May 27
  • RBI withdraws circular that asked banks to disclose IL&FS exposure, provisions
  • CCI approves General Atlantic’s 6.5% stake buy in PNB Housing Finance
  • SC seeks Centre’s reply on Essar Power plea to surrender coal block
  • IRCTC draft RHP likely to be filed with Sebi next month
  • Tata Communications losses widen to ₹199 cr in Q4 FY19
  • PNB-scam accused Nirav Modi denied bail by UK court for third time
  • IndiGo awaiting approvals to enter China
  • Chotia coal block output to reach one MTPA in near term: Vedanta
  • Japan’s Softbank to spend $4 billion to hike stake in Yahoo
  • China’s investment in US drops 83 per cent amid growing mistrust
  • Sensex plummets 487 pts to close below 38,000-mark
  • Crude oil futures gain 1.13 pc on firm cues
  • Zee stake sale at advanced stage, progressing steadily: Essel Group
  • Lupin gets more time from govt to complete project in Indore SEZ

Morning Business News Round Up_May 8, 2019

Morning Business News: 

  • Oil imports from Iran down 57% y/y in April: Trade
  • US commerce secy warns India against retaliatory tariffs
  • Airtel to merge VSAT ops with Hughes India unit
  • NCLT begins bankruptcy process for RCom
  • Essar shareholder seeks ban on Mittal’s bid
  • India IT & biz market to reach $14.3 bn by 2020: IDC
  • Wipro builds blockchain digital currency in Thailand
  • Kerosene subsidy bill builds up 21% to Rs 5,800 cr in FY19; LPG jumps 49.4%
  • Alembic Pharma forms JV to enter a difficult $100 bn Chinese market
  • Zee stake sale at advanced stage, progressing steadily: Essel Group

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  • Vedanta Q4 PAT at Rs 2,615 cr, down 34% yoy on Tuticorin plant shutdown
  • Jalan panel to hold 2 more meets before final report on RBI capital size
  • With $41-billion borrowing, ECBs hit five-year high in 18-19
  • Hindalco in consortium to promote use of aluminium cans for beverages
  • Mahindra Logistics Q4 PAT rises 14.5 per cent
  • Porsche fined 535 million euros over diesel emission cheating
  • Merck Ltd renamed as Procter & Gamble Health Ltd
  • ONGC reaffirms strong financials post HPCL takeover
  • Moderate demand dampens Q4 results for FMCG firms
  • DCB Bank expects to double balance sheet in next four years
  • Yes Bank acquires eight crore pledged shares of CG Power
  • Escorts Q4 net profit up 8% at ₹121 crore
  • Saudi Aramco said to give extra oil to Asian buyers
  • Piramal, CPPIB in tie-up for India’s 1st renewables InvIT
  • Centrum’s PE Fund invests Rs 15 cr in Ayurveda Experience, Dunzo
  • BSE Q4 net profit drops 16.46 pc to Rs 51.86 crore
  • RBI’s holding company model for banks will help contain NPAs, says Charan Singh
  • IMF chief Christine Lagarde says US-China tensions ‘threat’ to world
  • Rupee slips to 69.43 against US dollar
  • Multifold increase in investments in B2B startups
  • Reserve Bank of India plans more forex swaps, cash injection
  • NBCC offers just Rs 20 crore to operational creditors


Morning Business News Round Up_May 7, 2019

Morning Business News:  

  • E-comm policy, data localisation figure in Indo-US meet
  • Trade war would be ‘bad for the world’: Buffett
  • Bharti Airtel posts surprise Q4 profit of Rs 107 crore
  • L&T buys Rs 113 cr Mindtree shares in open mkt
  • ICICI Bank Q4 profit drops 5% to Rs 969 crore
  • Jaypee Infra lenders to mull NBCC revised bid
  • Policy to boost exports on anvil as trade deficit hits new high of $176 bn
  • State-owned discoms’ debt set to rise to pre-Uday levels of Rs 2.6 trn
  • Forgers are forcing $9-trillion global trade financing into digital age
  • Govt cannot ensure cheaper oil to India, says US commerce secretary

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  • HDFC Bank board may go for splitting stock into two later this month
  • Wockhardt Q4 net loss narrows to Rs 14.47 cr
  • Industry bodies list key issues for GST Council meet next month
  • Gujarat Gas net jumps 77% in March quarter
  • PFS reports Q4 net profits at Rs 36.76 crore
  • Liquidation process for ABG Shipyard commences
  • Medlife acquires Bengaluru-based Myra Medicines
  • NRIs can remit up to $1 mn from sale of property in India
  • Investor wealth erodes by ₹1.24 lakh cr as markets plunge
  • Finance Commission to meet RBI governor, bank officials during Mumbai visit
  • ICICI Bank: Asset quality improves but trend in slippages, provisions key
  • UK entrepreneur says SBI allows him to bid for Jet Airways
  • Mastercard commits $1 bn investment in India in next 5 yrs; to develop India as global tech node
  • Anand Piramal, Kris Gopalakrishnan, Accel Partners, others pouring $74 million in Mukesh Bansal’s CureFit
  • China gives modest boost to economy with RRR cut amid renewed trade tensions
  • India’s services sector output growth at 7-month low in April: PMI
  • Sensex slumps 363 pts as US-China trade talks derail
  • End-user IT spending in India to reach USD 15 bn in 2019: Report
  • Sun Pharmaceutical eyes Chinese market
  • Over 100 US cos visiting India to explore business opportunities

Morning Business News Round Up_May 6, 2019

Morning Business News: 

  • NCLT admits Bharti Airtel petition on Rs 112-crore dues
  • Tata Motors may drop small diesel cars from portfolio
  • IL&FS: Auditors have questions to answer, says govt
  • ONGC gets green nod for Rs 240 cr project in Assam
  • India, UK in talks to build aircraft carrier : Report
  • Lupin, Zydus Pharma recall products in the US
  • Sebi may be asked to relax 75% promoter stake norm for PSBs
  • Govt to give financial aid to minority investors filing class action suits
  • Sebi’s co-location order delays announcement of NSE’s FY19 results
  • Govt sees little scope for Jet Airways revival as bidders stay away: Report

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  • Vodafone Idea promoters contribute Rs 17,920 crore to rights issue
  • Infibeam sacks auditor for sharing unpublished price-sensitive information
  • IndiGrid to buy ₹11,500-cr electricity transmission assets from Sterlite Power
  • Anti-dumping duty imposed on saccharin imports from Indonesia
  • L&T MBDA, Tata Power defence proposals get SEZ board approval
  • CII backs FAME-II scheme despite EV makers’ red flag
  • ‘IBC helped creditors recover 195% of liquidation value’
  • ONGC cash reserves erode 98% to ₹167 crore in 1.5 years
  • Early Q4 earnings point to a slowdown in economy
  • India warns WTO about EU’s proposal for e-commerce rules
  • ThyssenKrupp sees room for EU agreement on Tata Steel deal
  • Bajaj Auto sees no slowdown in two-wheeler sales, rides ahead of competition
  • DoT asks Karnataka to align infrastructure roll out policy with RoW policy
  • India’s steel production stood at 27 million tonne in Q1 2019
  • India’s reliance on oil imports jump multi-year high of 84%
  • US-China trade deal enters endgame, positive sign for global economy
  • Dangerous to let viable cos close down: IBBI chief
  • DHFL to raise up to Rs 2,000 cr
  • India for ADB-led mechanism for channeling funds from rich to developing nations

Morning Business News Round Up_May 2, 2019

Morning Business News:  

  • NSE barred from accessing sec market for 6 mths
  • SFIO questions audit partner of KPMG India unit
  • Ambani wants to make the mother of all apps
  • L&T buys VG Siddhartha, Coffee Day stake in Mindtree for Rs 3,210 crore
  • Iraq continues to be India’s top oil supplier
  • Adani’s coal mine in Queensland has new hurdle
  • NBCC gets approvals for revised Jaypee Infra bid
  • GST collection scales all-time high of Rs 1.13 trillion in April
  • Tough life ahead for NBFCs as RBI set to tighten liquidity mismatch limits
  • TRAI pulls up DTH, cable operators for not compliying with new tariff

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  • DCM Shriram reports nearly six-fold jump in Q4 net profit at Rs 293 cr
  • Ruchi Soya: Patanjali gets time till May 7 for filing resolution plan
  • Ambuja Cements’ volumes, realisation disappoint
  • Netherlands got $12.8-b Indian FDI in 2017, 2nd biggest after Singapore
  • Review safeguard duties on solar cell imports, Japan tells India
  • Honda Cars India sales up 23 per cent in April 2019
  • Ness Wadia’s board positions in group firms to remain intact
  • UDS buys majority stake in Matrix to expand its business portfolio
  • Royal Enfield total sales decline 17% in April
  • Suzuki Motorcycle India sales up 12.57% in April
  • Over ₹12,000 crore subsidy disbursed to home-buyers: Housing Ministry
  • OYO to buy Amsterdam-based Leisure Group from Axel Springer
  • Tata Steel workers lose faith in Thyssenkrupp deal: works council
  • KFC and Pizza Hut report sales growth in India in Q1
  • Britannia Industries Q4 net up 11.28% at₹294.27 crore
  • Jet Airways ticket refund: Delhi High Court notice to airline on customers’ plea
  • Government fixes 2.1 MT quota for sugar sale in May
  • CEA issues draft guidelines on cross-border power trade
  • Tax filing falls 1% in FY19, indicating overall slowdown: Report
  • Oyo to acquire Amsterdam firm @Leisure for €369 million
  • India Ratings lowers country’s GDP growth projection for FY20 to 7.3 pc
  • Gold slides on sluggish demand, silver firms up
  • RCom: NCLAT allows insolvency proceedings
  • Better days seen ahead for Reliance Nippon MF
  • India apprehensive Iran sanctions could boost oil prices, inflation

Morning Business News Round Up_April 30, 2019

Morning Business News:  

  • PSBs’ merger: PNB, Union Bank & BoI may get a call
  • Companies face queries over input tax credit claims
  • IDBI seeks nod to extend Jaypee resolution deadline
  • Tribunal adjourns SBI’s case against Ruias till May 15
  • Some employees want to bid for Jet, write to SBI
  • Macquarie double-downgrades YES Bank, cuts target price by 40%
  • Debt-ridden Reliance Capital ready to cede control in home finance
  • Foreign retail investors, NRIs allowed to invest in GIFT City bourses
  • India notifies pact with US for exchange of reports on tax evasion by MNCs

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  • PNB takes Tarapur Textiles Park to DRT for $13-million loan default
  • Volkswagen India to merge 3 companies to save cost and boost sales
  • US sanctions on Iran, rise in crude oil prices stoke inflation fears
  • Garden Reach bags ₹6,311-cr order to build 8 ASW water craft
  • Petronet plans floating LNG terminal off Andaman Islands
  • Aurobindo Pharma gets eco nod for AP plant expansion
  • IBBI gives defaulting promoters a last chance
  • Wipro Consumer Care acquires Splash Corp of the Philippines
  • HDFC Life outperforms peers, SBI Life gives tough fight on valuations
  • Interest earned on EPF balance post retirement is taxable
  • Bank of Maharashtra returns to profitability on better asset quality
  • Jan-Mar PE investment deal value touches $8,451 mn: report
  • Vijay Mallya repeats offer of 100% payback for Indian banks
  • Zomato to invest around ₹56 crore to set up 20 more warehouses
  • Despite challenges, steel industry fares well in FY 19
  • TDSAT reserves order on Bharti plea against DoT demand
  • ONGC readies investment plan for Kutch offshore
  • Vistara to lease six of Jet Airways’ grounded Boeing aircraft
  • FRP default: Maharashtra likely to issue notices to nine sugar mills
  • US consumer spending roars back
  • Oil falls after Trump-OPEC plan to offset Iran sanctions
  • India notifies pact with US to check tax evasion by MNCs
  • India, Peru to hold next round of FTA negotiations in August
  • Housing sales down 5 per cent in Q4

Morning Business News Round Up_April 26, 2019

Morning Business News: 

  • RBI to attract more foreign capital for nation-building
  • India’s crude oil production drops 4 per cent in FY19
  • Jet Airways stake sale process may hit SOEC hurdle
  • Tata Steel reports Q4 profit of Rs 2,431 crore
  • NBCC sweetens bid for Jaypee Infra, offers land parcels
  • Bank credit grows by 14.19%, deposits 10.60%: RBI data
  • Tata Steel board approves merger of Bamnipal Steel & Tata Steel BSL
  • RBI deputy governor B P Kanungo bats for capital account liberalisation
  • Maruti signals tough road, gives weakest growth forecast in the past 5 yrs
  • Major lapses in Deloitte audit of IL&FS Financial Services, says SFIO
  • Insolvency process: NCLT asks bank officials to appear in Sterling SEZ

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  • Ruchi Soya case: Lenders to meet on Friday to consider Patanjali’s offer
  • US official insists on zero oil imports from Iran
  • ‘High fuel prices may have led to a slowdown in auto sales’
  • India sets a record foodgrains target of 291 million tonnes
  • Wendt (India)’s PAT up 10% in FY19
  • Hind Copper approves raising up to Rs 1,400 cr through QIP
  • Glenmark gets nod to market nasal spray as OTC product in Russia
  • Microsoft edges toward $1 trillion valuation on results beat
  • Sebi move opens up REITs and InVITs to retail investors
  • Axis Bank has fixed its big bad loans but small loan risks are rising
  • Nirav Modi to appear for remand hearing via videolink from jail on Friday
  • UAE’s largest sewage treatment plant built by L&T inaugurated
  • PE/VC investments in March at all-time high of $7 billion: EY report
  • Quikr buys Sequoia-backed online marketplace Zefo
  • IFC looks to provide $43.3 million debt financing to Hero Future Energies for solar farm business
  • Shriram City Union Finance net profit grows tenfold
  • Scheme for Non-PPA units: States show interest in 1,400 MW of power
  • Stressed assets resolution: RBI mulls giving 60 days additional time for repayments
  • Vodafone Idea’s Rs 25,000 crore rights issue sails through
  • Higher tariff in auction for mid-term PPA auction positive for power producers: ICRA
  • Vedanta gets green nod for Rs 12,000 crore project
  • Rupee dives to 6-week low as crude spikes above USD 75 per barrel

Morning Business News Round Up_April 25, 2019

Morning Business News: 

  • Disclose exposure to IL&FS, RBI tells banks
  • Customer plaints against banks surge 25% in FY18
  • RBI sells entire stake in NHB, Nabard to govt
  • FinMin may raise cap on 59-minute loans to Rs 3-5 cr
  • CBI’s Look Out Circulars against Bhushan steel boss
  • ISB to set up repository to store all public data
  • Companies get more time to submit ACTIVE form
  • Ipca Labs inks pact to acquire Ramdev Chem for Rs 108.5 cr
  • RBI may allow 66% lenders’ approval for resolution of stressed assets
  • IndiGo, Tatas protest govt’s basis for allotting Jet Airways slots
  • Sebi bars cash-strapped Hotel Leelaventure from asset sale to Brookfield
  • SFIO quizzes Deloitte ex-CEO over alleged audit lapses in books of IL&FS

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  • No change in Bharti Infratel’s Q4 net amid merger with Indus Towers
  • ONGC arm delays plan to invest in Iran gas field after US sanctions
  • Jalan panel on RBI’s capital size to submit report by June
  • Approach SBI, Jet tells UK entrepreneur who evinced interest in buying the airline
  • Data on jobs, GDP being analysed with a new set of proxies: CEA
  • Govt procures 55.17 lakh tons of wheat so far this year
  • Forensic auditors indicate IGIDR used data shared by MCX to develop an ‘algo-trading strategy’
  • VRS package may save Rs 1,080 cr in annual salary tab: MTNL chief
  • Voda Idea rights issue receives bids for 1109 crore shares: NSE data
  • Nasdaq hits record, S&P nears all-time high on upbeat earnings
  • Delhi HC allows Alembic, Natco to export Bayer drug for specific purposes
  • SBI gets board approval to raise up to $2.5 billion in bonds
  • After Lee Fixel exit, Tiger Global prowls for B2B startup deals in India
  • Jet Airways says will validate refund claims in 45 days
  • Ericsson moves Supreme Court against returning Rs 580 crore to Anil Ambani’s RCom
  • UltraTech Cement Q4 net profit at Rs 1,014 crore
  • US-based Avaya announces partnership with Standard Chartered bank
  • Cyberattacks to cost firms $5.2 trillion in next 5 years: Accenture
  • Customer complaints against banks surge 25% to 1.63 lakh in FY18
  • Office space worth $35 bn can be listed under REIT: JLL India
  • RBI too joins global peers in raising gold bullion reserves
  • Non-filers of GST returns to be barred from generating e way bills from June 21
  • Rupee falls by 24 paise on strong dollar demand
  • Sensex rallies 490 points; Nifty reclaims 11,700-mark
  • Self-assessed GST return permitted


Neogen Chemicals

Download IPO Forms (Pre filled Forms): CLICK HERE

IPO Details:

Issue Open Date April 24, 2019 Price Band : Rs. 212 – Rs. 215
Issue Open Date April 26, 2019 Minimum Bid Qty : 65 Equity Shares and in multiples thereof
Face Value Rs. 10 Minimum Investment : Rs. 13975/-



Incorporated in 1991, Neogen Chemicals is Mahape, Navi Mumbai based manufacturer of bromine-based and lithium-based specialty chemicals in India. Neogen makes both organic and inorganic chemical compounds.


These specialty chemicals are used in pharmaceutical intermediates, agrochemical intermediates, engineering fluids, electronic chemicals, polymers additives, water treatment chemicals, construction chemicals, and flavors and fragrances.


As on February 28, 2019, we have manufactured an aggregate of 198 products comprising 181 organic chemicals and 17 inorganic chemicals. The company markets and sells products in India, Europe, Japan, and the USA.


The manufacturing units of the company are located in Navi Mumbai in Maharashtra and Karakhadi, Vadodara in Gujarat. Neogen is proposing to expand its manufacturing facilities by setting up new units at Vadodara Facility and the Dahej Facility. The Proposed Dahej Facility is a green-field manufacturing facility for manufacturing inorganic chemical products.


The company annually manufactures 1,30,400 liters of organic chemicals and 1,200,000 Kg. of inorganic chemicals.

Company Promoters :

  1. Haridas Thakarshi Kanani
  2. Harin Haridas Kanani

Neogen Chemicals Limited IPO Registrar:

Name of the Registrar : Link Intime India Private Limited

Address of the Registrar : C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), 400 083, Mumbai, Maharashtra, India

Contact person name  :  Shanti Gopalkrishnan

Contact details+91 22 4918 6200

Email ID :


Note: Check Neogen Chemicals Limited IPO allotment status on Linkintime website allotment url. Click Here


Download IPO Forms (Pre filled Forms) :  CLICK HERE


Note : You can contact Mr. Bhavesh on 079-68174005 , for any help regarding IPO subcription