Morning Business News Round Up_Jan 10, 2019

  • Saudi to slash oil exports by 800,000 barrels per day
  • Ashok Leyland bags orders for 2,580 buses
  • RBI makes changes to Gold Monetisation Scheme
  • Telcos fail to meet quality norms in Jun-Sep 2018
  • Govt recommends Maharatna status to Power Grid
  • Banks give $900-million idea to Jet to stay afloat
  • Telcos for lawful interception of OTT messages
  • IndusInd Bank posts 5% growth for Dec quarter due to IL&FS provisioning
  • Adani Group may pick 51% lenders’ stake in TN’s power firm Coastal Energen
  • Drop in oil, metal prices likely to hurt Nifty50 companies’ Q3 net profit
  • Aurangabad, Chennai plants may be sold, not shut: Pfizer tells employees
  • Maharashtra cooperative mills seek release of pledged sugar held with PSBs
  • India poised to become third-largest consumer market: WEF
  • India’s bauxite output growth to accelerate: Fitch
  • IOC bullish on producing fuel from CO2 in 3 years
  • ABB’s global business rejig will benefit Indian operations
  • MCA summons officers, directors of Usha Martin
  • Adani Group to develop Data Center Park in Vizag
  • Venture capital exits climb to a record $165 billion in 2018
  • Interim Budget 2019 on 1 Feb, Jaitley may play poll tune
  • Bhushan Steel to raise ₹24,000 crore from Tata Steel
  • 30 suitors line up for IL&FS road asset sale
  • Essel Group in talks to raise $400 million to refinance debt
  • Auto firms say steel import norms will delay manufacturing
  • GST will boost India’s economic growth in coming years: India Inc
  • Air India stake sale to fetch Rs 7,000 crore; govt eyes disinvestment next fiscal year
  • Buy-backs, dividends to government left HAL poorer by Rs 15,500 Crore
  • Binani Cement: SC rejects Dalmia Bharat’s review petition
  • Shell acquires 26% stake in Hazira LNG
  • Asirvad to secure PE funding; aims for IPO, Rs 10,000 crore AUM
  • CII for doubling I-T exemption to Rs 5L, hiking 80C deduction limit
  • Rs 18,000 crore subsidy in works for stressed gas-based power projects

Morning Business news Round Up_March 21,2016

Morning News :

  • Despite a bad monsoon, India will deliver growth in excess of 6%
  • India’s per capita income to cross Rs 1 lakh in FY17
  • Relief for Vodafone: Retro tax settlement scheme from June 1
  • Oli in China on maiden visit with eye on key deals
  • Corporate Affairs Ministry amends norms related to buyback offers
  • Anil Agarwal’s $10 billion LCD plant to start production in 2018
  • Wheat production to be higher than in the previous year
  • Maruti races ahead to capture nearly half the market
  • Fixed-dose drug ban boosts hope for ayurveda
  • Lafarge India begins Rs 10,000-cr sell-off
  • Historic gas auction witnesses negative bids from power plants
  • Govt defends interest rate cut on small savings
  • Mallya default singes top auditing companies
  • Thousands of Tata Steel UK employees fear rejection of rescue plan
  • Sebi mulls allowing bank KYC for securities markets
  • Exporters risk being blacklisted when new EU rule kicks in
  • Centre introduces new norms for plastic waste disposal
  • ‘Auto firms should go green, not wait for regulatory push’
  • Jewellers call off 19-day strike as Centre sets up task force
  • Exporters risk being blacklisted when new EU rule kicks in
  • BERC to announce new power tariff on Monday
  • Patanjali will overtake Colgate and Unilever: Baba Ramdev
  • Parliament panel favours bringing tobacco production under regulatory regime
  • China’s central bank chief sounds warning over rising debt
  • Banks await RBI policy before cutting rates
  • Adani’s licence request for CNG-retailing in Lucknow rejected
  • FPIs infuse Rs 11,000-cr in stock markets in March
  • Dabhol, GMR, GVK, Lanco secure gas under PSDF scheme
  • Top 6 cos add Rs 37,414 cr in M-cap; TCS lead gainer
  • IRDA okay with LIC investment in public sector banks
  • Online shopping to rise by 78% this year: Assocham-PwC
  • Govt to borrow Rs 3.5 lakh cr in April-Sept
  • Edible oil imports up on growing demand and slowing production

 

 

Today’s Wealth mantra !

“When you’re an investor, you can look at the quantitative and qualitative elements of an investment, but there’s a third aspect: What you feel in your gut.”

-Kevin O’Leary

 

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Morning Business News Round up_January 22, 2016

Morning Business News :

  • Trai may propose increase in quantum of auction
  • ECB keeps rates unchanged at record low as expected
  • NSEL to pay Rs 1.66 cr fine in money laundering case
  • RBI allows banks to sell India Gold Coins

  • Vedanta pares down bond repurchase to $227 mn
  • RBI caps number of transactions on pensioners’ a/c
  • Adani may buy L&T’s Punjab power plant
  • Bankers finalize new owners for Electrosteel
  • Natco enters licensing agreement with Brystol-Myers Squib
  • Hindustan Zinc’s Q3 net slides 24%, Q4 output seen muted
  • Glenmark Pharma gets USFDA nod for two generic drugs
  • IOC doubles crude oil buy from Nigeria on term contract
  • Textile exports may cross $40 b this fiscal: Minister
  • NSE shareholders fear revamp plans may delay bourse’s listing
  • Reliance Capital in talks to divest stake in insurance biz
  • IndiGo posts 24% rise in profit at ₹657.3-crore
  • Citigroup’s slide in India M&A deals shows rise of local bankers
  • Sebi panel suggests reforms to grow alternative funds industry
  • Ratan Tata invests in baby products retailer FirstCry
  • CREO raises $3 million from Sequoia Capital, others
  • Sensex closes 100 points down on weak global cues, Nifty settles below 7,280
  • Idea Cellular Q3 profit dips marginally to Rs 764.21 cr
  • Tata’s JLR becomes UK’s largest car maker
  • Oil prices fall near 2003 lows on oversupply, demand worries
  • BSE market cap falls Rs 10 lakh cr in 2016 so far
  • Emerging markets lost $735b in 2015: IIF
  • Global stocks battered as oil pushes below $27
  • Small cells the future of telecom tower infrastructure

Today’s Wealth Mantra !

“This company looks cheap, that company looks cheap, but the overall economy could completely screw it up. The key is to wait. Sometimes the hardest thing to do is to do nothing.”

David Tepper

Demat_Offer

Today’s M & A Deals_Nov 10,2015

M & A Deals :

  • BigStylist gets $1M from Info Edge
  • Adani Group to buy L&T’s Kattupalli Port
  • iSTAR raises $1.5M from MSDF, Unitus
  • Avvashya group’s Shashi Kiran Shetty buys stake in NanoHoldings
  • Online motor insurance platform RenewBuy raises angel funding
  • Hyperlocal delivery startup Shadowfax acquihires Pickingo
  • AppVirality raises $500K from Click Labs, ixigo.com founders and others
  • Ecommerce search engine Skoov raises $150K
  • On-demand maid provider Didi gets $150K in angel funding
  • JetSynthesys acquires fashion store Rudraksh

Morning Business News Round up_November 03, 2015

Morning Business News :

  • Banks In Better Shape But Npas Still A Concern: Moody’s
  • Adani Enterprises Q2 Net Plunges 40% To Rs 299 Crore
  • Global Economy Stutters As Monetary Stimulus Fails To Spur
  • FTIL, MOCBPL Files Defamation Cases Against Activist Ketan Shah
  • Amtek Auto Ropes In Morgan Stanley As Advisors To Pare Debt
  • Rupee Ends At One-Month Low Against Dollar, Down 32 Paise At 65.59
  • HP Inc Shares Outpace Those Of HPE In First Trades Since Split
  • India Inc’s Sales, Profit Move In Opposite Directions
  • Moody’s Gives Banks Reason To Cheer, Upgrades Outlook To Stable
  • Tata Steel Plans To Build Bridges With Tribals
  • September Core Sector Growth Rises To 3.2%
  • Tata Motors Ropes In Lionel Messi As Global Brand Ambassador
  • Indigo Raises Rs 3,010 Cr In IPO, At Upper End Of Range

  • Eros International Locked In Lower Circuit; Tanks 10%
  • Corporate Tax May Be Pruned Ahead Of Schedule
  • India’s Exports Will Do Relatively Well In 2016, Says UN Report
  • Sensex Ends 98 Points Down; Weak Global Cues, Manufacturing PMI Weigh
  • India’s Manufacturing Output Slips To 22-Month Low In Oct
  • NSE To Auction Investment Limits For Rs. 852 Cr Govt Bonds
  • Aurobindo Board Meet On Nov 6 To Consider 2nd Interim Dividend
  • R-Com Buys Sistema; Over To Reliance Jio To Make It Count
  • United Spirits Posts Rs929 Crore Profit In September Quarter
  • Hyundai’s Domestic Sales Jump Nearly 24% In October
  • OBC Q2 Profit Rises Marginally By 3%
  • Indian Overseas Bank Shares Hit 11-Year Low On Disappointing Q2 Results
  • Nasscom Raises Concerns About UK’s Move To Curb Skilled Visas
  • Fertiliser, Electricity Push Core Sector Growth To 3.2% In Sep
  • India’s Energy Emission Growth At 8.2%, Highest Globally: Pwc
  • Brokerages Downgrade L&T On Weak Order Outlook, Valuation; Shares Fall
  • China Gives Biggest Boost To Its Currency Yuan In A Decade
  • Sovereign Gold Bonds To Attract Investors Over Other Options
  • LIC Nomura MF Plans To Mobilise Rs 200 Cr Via New Scheme
  • Oriental Bank Profit Up Over 3% At Rs 301 Cr
  • Reliance Capital Q2 Net Up 15% At Rs 250 Cr
  • Royal Enfield Aims To Expand Global Footprint

 

Morning Business News Round up_October 16, 2015

Morning Business News :

  • Anil And Mukesh Ambani Bond Over Airwaves
  • Govt Plans Ways To Share Free Data With Public
  • RBI To Take Stock Of Banks’ Asset Quality: Rajan
  • Global Economic Slowdown In Real Danger Of Persisting
  • No Significant Improvement In Call Drop Issue: Trai

03_TRAI

  • September Trade Deficit Drops To $10.5 Billion; Exports Decline By 24.33%
  • Alibaba Gets CCI Nod For Acquiring 4.14% Of Snapdeal

  • Malaysia Pitches $30 Bn For Townships And Housing
  • Focus On Nine More Banks Over Money Laundering Issue
  • Sahara Owns Much More Than Grosvenor House
  • Forex Scam: 7 More Banks Under ED Scanner; 1 Arrested
  • Oil Companies Increase Diesel Prices By 95 Paise/ Litre
  • Finmin Open To A Vodafone Compromise Offer
  • Aurobindo Pharma Gets USFDA Nod For Alzheimer’s Treatment Drug
  • Sebi Moves SC Against DLF’s Plan To Raise Money
  • Adani’s $7-B Australian Coal Project Gets Green Light, Again
  • Coal Ministry Asks States To Expedite Clearances For Auctioned Mines
  • Don’t Dilute ‘Fit & Proper’ Norm For Stock Exchanges: Experts
  • Regulator Orders Encashing 25% Of GAIL’s Bank Guarantee
  • Textile Sector Urges Govt To Take Steps To Boost Exports
  • Business Optimism Index For Q4 Down 4.1%: D&B Report
  • L&T To List Five Road Assets Via Infra Investment Trust
  • Coffee Day Parent IPO Subscribed 73% On Day 2
  • Hathway Cable To Demerge Broadband Business
  • Mindtree’s Q2 Profit Rises 14.5% To Rs158.2 Crore
  • China Telecom Industry Restructure Pushes China Mobile Up
  • New Rules To Boost India Shipping Fleet; May Dent Foreign Shippers: Report
  • China’s Sany Group To Invest $3 Billion In Renewable Energy Sector In India
  • Indian Railways To Buy Electricity At Rs 3.69 Per Unit From Adani Power
  • RBI Expected To Cut Rates Just Once In Next 18 Months: Poll
  • Welspun India Forays Into E-Commerce With Online Store
  • WPI Deflation Bottoming Out; To Turn Positive From Q1 2016: Nomura
  • Investors See 30% Jump In Their MF Assets In One Year
  • Venture Capitalists Make Highest Investments In 2015
  • Rs 2,000 Cr Fund To Push Financial Inclusion
  • Finmin Denies Attempt To Stall FTIL, NSEL Merger
  • LIC Housing Fin Sep Net Profit Climbs 21% To Rs 412 Crore
  • Karur Vysya Bank Q2 Profit Surges 57% To Rs 142 Cr

Morning Business News Round up_September 22, 2015

Morning Business News :

  • Infy Bags Rs 1,320cr Contract To Build GST Network
  • India’s Ashok Leyland Plans To List Financing Arm
  • Oil Prices Up 2 Per Cent After US Drilling Falls
  • Enhanced Southwest Monsoon To Bring Good Rains: IMD
  • Adani Eyes 20% Growth In Rs 20K Crore Agro Biz
  • Declare Foreign Asset By September 30 Or Face Consequences: Finance Ministry
  • Bain Capital Acquires 10% Stake In L&T Fin For Rs 1370 Cr
  • LIC Big Market Player, Not Only To Bailout Divestment: FM
  • Call Drop Issue: Bharti Airtel Moves All Prepaid Users To Per-Second Plan
  • Govt Considers FDI Cap Hike In DTH, Cable Networks; Dish TV Up 4.5%
  • Godrej & Boyce Aims At Rs 10,000 Cr Turnover This Year
  • Corporate Tax Exemptions Phase-Out May End MAT
  • Ricoh Looking At Digital India Projects To Drive Revenue Growth
  • Air India Inaugurates Airbus A-320 Training For External Pilots
  • After 10 Years, Makemytrip Turns To Hotels, Packages To Drive Growth
  • Defamation Suit Against Website: HC Stays Rs. 50-Lakh Penalty On NSE
  • Google Aims To Make India A Hub For App Development

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  • Amtek Auto Fails To Meet Bond Redemption Deadline
  • Aditya Birla Minerals To Sell Australia Copper Mine To Lighthouse Minerals
  • Power Grid Gets Shareholders Nod To Raise Rs14,000 Crore In FY17
  • OVL Chasing $712 Million In Dues From Foreign Govts
  • GE Says No To Nuclear-Power Plants In India, Cites Liability Risks
  • Give Govt Access To Whatsapp Messages, Emails: Draft National Encryption Policy
  • Black Money: Declare Foreign Assets By Sep 30 Or Face Consequences, Says Finmin
  • Sensex Ends Flat To Settle At 26,193; Nifty Closes At 7,977
  • RBI May Cut Policy Rate By 25 Bps On Sep 29: Report
  • US-Based Healthcare Tech Company To Invest `750 Cr
  • Domestic Mfs Have Got $18b Of Inflows In 1 Year: Sikka
  • Indian IT Cos Among World’s Worst Paymasters