Morning Business News Round Up_ Dec 21, 2018

  • Farmers get $9bn loan relief ahead of elections
  • Bank credit grows by 15.07%, deposits by 9.66%
  • PSBs recover $8.69 bn of bad loans in April-Sept
  • RBI limits total outstanding ECBs to 6.5% of GDP
  • IL&FS to sell stake in education, wealth mgmt arms
  • Govt to put draft ecomm policy up for consultation
  • PowerGrid gets shareholders’ nod to raise FPI shareholding limit to 35%
  • ONGC board approves Rs 40 billion buyback at Rs 159 apiece; shares end flat
  • Govt wants Rs 100 bn interim dividend from RBI for fiscal deficit target
  • Defaults on credit cards, loan against properties on the rise, says CIBIL
  • Sterlite likely to restart Tamil Nadu’s Thoothukudi unit in two months
  • NITI Aayog’s recommendation on agri sector tough to implement: Experts
  • NCLAT reserves order on Bhushan Power and Steel
  • ‘RBI must release a vision document for UCBs to thrive’
  • CBDT to tighten monitoring of donations to trusts
  • Steel companies staying off Karnataka’s ‘overpriced’ ore
  • Gold, jewellery exports to post up to 5% growth this year
  • Govt announces tax relief to startups
  • Airtel sets up special panel to explore fundraising options
  • RCom urges DoT to grant approval for spectrum deal
  • Swiggy raises $1 billion in largest funding round till date
  • Canara Bank to raise up to ₹3,000 crore via Basel-III compliant bonds
  • RBI Governor Shaktikanta Das to meet private sector lenders next week
  • Bank of India eyes Rs 1200-cr from exiting life insurance arm Star Union
  • India’s crude steel output falls by 1.3 pct in November
  • Government taking steps to implement methanol economy
  • Tata Motors, Zoomcar join hands for self-drive EV rentals in Pune
  • Rupee rallies 69 paise, settles below 70-mark
  • BSNL to raise Rs 12,000 crore from PSBs for network upkeep
  • Brokers question 100% penalty on ‘bogus’ dealings
  • Energy subsidies decline by 36% to Rs 1.51 lakh crore
  • 3 banks’ merger unlikely before 1st quarter of FY20

Retail news Round Up_April 27,2016

Retail news :

 

 

“Procrastination is the art of keeping up with yesterday.”

-Don Marquis

 

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Retail News Round Up_Dec 02,2015

Retail News :

  • Cadbury owner looking to sell brands in Europe
  • Tiger Global Management raises new global fund of $2.5 billion
  • Fashion startup Styletag secures Rs 50 crore in Angel funding
  • Bite Club raises funds from growX Ventures

  • Locker for logistics provider QikPod raises $9M
  • Airtel to invest Rs 60,000 Cr for upgrading network through Project Leap
  • CNN renews its partnership with with TV18 for CNN-IBN
  • Times Internet acquires Get Me A Shop for an undisclosed amount
  • Aircel introduces data pack at Rs 9 a day for 100MB

 

Today’s Wealth Mantra !

“One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It’s your window into a very large world”

– Ron Chernow

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Morning Business News Round up_December 01, 2015

Morning Business News :

  • IMF approves yuan for benchmark currency
  • India’s GDP growth at 7.4%: Experts’ take
  • April-Oct fiscal deficit touches 74% of full-year target
  • Morgan Stanley to cut up to 25% of fixed-income jobs
  • Manappuram Finance to raise Rs 2,000 crore via NCDs
  • Natco shareholders approve amalgamation of subsidiary with company
  • European shares gain as prospect of ECB boost helps carmakers
  • Pidilite Industries buys some assets of CIC Holdings
  • Emami to hike paperboard investment to Rs 2,000 crore in 3 years
  • Non-banking finance companies step in to fill the void, lend more to SMEs
  • Cipla ready to launch low dose HIV drug ‘Efavirenz’
  • McDowell Holdings’ pledged stake in UBL falls to 3.02 per cent
  • Kwality starts product sale under brand name ‘Kwality’
  • Petrol price cut by 58 paise, diesel price by 25 paise
  • Airtel to invest Rs60,000 crore over 3 years to upgrade network
  • RBI unlikely to act on policy rate till Union Budget
  • Nestle resumes Maggi noodles production at all five plants in India
  • Maruti Suzuki plans land acquisition subsidiary for new dealerships
  • Transporting coal via waterways can save govt Rs10,000 cr annually: Nitin
  • Bookmyshow eyes $4 million in ad sales

  • Small NBFCs plan to build sales teams to draw customers
  • HDFC to list masala bonds in London
  • Relief for Adani Power in additional SEZ tax case
  • Bad loans may rise for Shriram Transport Finance
  • Smaller infra companies reward investors as larger rivals struggle
  • Small NBFCs plan to build sales teams to draw customers
  • RIL faces 40% cut in marketing margin on KG-D6 gas
  • With Jio launch near, Airtel to spend ₹60,000 cr on network
  • SEBI outlines new listing norms for exchanges
  • Quikr set to buy Commonfloor for $200 million
  • Euro Zone banking on Draghi to spur economy
  • Plea for ban on Volkswagen vehicles’ sale: NGT notice to Centre
  • Tata Motors set to launch new hatchback Zica in 2016
  • Dr Lal Pathlabs IPO opens next week for its Rs6.4bn IPO
  • Softbank leads $120 m funding in Grofers
  • Volvo to use FAME India scheme for hybrid bus
  • IDBI Bank stock soars on reports of IFC picking up stake
  • MFs exposure to bank stocks hits record high of Rs. 85,376 cr
  • Rajesh Exports bags export order worth Rs. 1,122 cr
  • Subex allots over 1.86 crore shares upon bond conversion
  • RBI eases norms for accessing foreign loans
  • Defence & Aerosupply conclave begins in Hyderabad
  • States want NITI Aayog to be a knowledge disseminating body
  • Port at Thane Creek in 3 months
  • Miles to go for Essar, Rosneft deal
  • Aircel bullish on data, launches new packs

  • Cochin Shipyard IPO set to sail well
  • Listing norm breach may lead to freezing of promoter holding
  • Indian firms line up for Welspun’s green projects
  • Smallcap index outperform Sensex, midcap second straight month

Today’s Wealth Mantra !

“You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.”

– Peter Lynch

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Morning Business News Round up_November 18, 2015

Morning Business News :

  • Infra project budgets may drop land cost for faster nods
  • India Inc’s overseas investment down 21% at $2.3 bn
  • US consumer prices rise, may back rate hike views
  • Rosneft to buy Essar Oil; Iran in talks for refineries
  • Piramal Healthcare UK Ltd invests £2.0 mn in Scotland

  • FIIs can now invest upto 12% in Pipavav Defence: RBI
  • Jet, IndiGo, SpiceJet fined for cartelisation
  • Maharashtra govt to take back unused industrial land
  • Industry cheers govt’s new petroleum exploration policy
  • Maharashtra govt not to move SC seeking fresh ban on Maggi noodles
  • Bhushan Steel, Electrosteel Steels might look for strategic investors
  • BSNL reports operating profit of Rs 672 cr for FY15
  • IVRCL to get Rs 400 crore from loss-making sale of TN road projects
  • Blackstone to divest 50% of its investment in Synergy Properties
  • Sun Pharma to consolidate market share in pain relief biz segment
  • Solar capacity may reach 3,645 MW in 2016: Mercom
  • Current account deficit to be 1% of GDP
  • Number of active investor a/c with CDSL crosses 1-cr mark
  • 7th Pay Commission to submit report on Nov 19
  • CLSA’s Christopher Wood warns bad loans India’s biggest problem
  • Videocon launches FCCB issue to exchange part of existing bonds
  • Verdict reserved on arbitrator dispute between RIL, govt
  • India’s October oil demand highest in 5 months on vehicle sales
  • Craftsvilla raises $34 million from Sequoia, others

  • Sensex P/E ratio highest among emerging markets on steady foreign inflow
  • Sensex closes 104 points up on value buying, global cues; Nifty settles above 7,830
  • Crop insurance, irrigation key to raising pulse output
  • Indian Railways hikes minimum train fare from Rs 5 to Rs 10
  • Sugar stocks sweeten on expectations of lower crop output
  • Policy on coal linkages likely in 15 days: Govt
  • ITC Infotech partners with Ramco Systems
  • Residential realty prices may worsen
  • Axis MF eyes Rs 700 cr from Children’s Gift Fund
  • Airtel, NTPC to take a bad hit if rupee falls by 15%
  • Western Coalfields lines up Rs 6,280 cr investment by FY20

Morning Business News Round up_October 30, 2015

Morning Business News :

  • Govt To Announce New Civil Aviation Policy Today
  • FATCA Fact: New US Tax Law Is Shaking Up Indian Trusts
  • US Economy Slows To 1.5% Growth In Q3
  • RBI Opens National Pension System For Nris
  • India Will Offer Concessional Credit Of $10 Bn To Africa: PM
  • Volkswagen Meets Indian Government On Emissions
  • Sebi Cuts IPO Paperwork; Notifies 5-Sheet DRHP
  • Dr Reddy’s Q2 Net Up 26% At Rs 722 Cr
  • Govt Clarifies Tax Treatment Of Offshore Rupee-Denominated Bonds
  • Telecom Regulator Sticks To Compensation Order On Call Drops
  • Cipla Sells Stake In Chinese Biotech Firm
  • IDFC Bank’s Net Worth Pegged At Rs 13,322 Cr
  • Airtel To Return 50% Mobile Data Used At Night,Makes Wynk Free
  • US Plan To Mandate FDA Audit Of Farm Imports Irks India
  • World Bank Retains India’s Growth Rate At 7.5% This Fiscal
  • Grasim Net Up 17% On Higher Cement Volumes
  • NTPC Q2 Net Profit Rises 40% To Rs. 2,898 Cr
  • Nestle India Q3 Profit Dives 60% On Maggi Noodles Ban
  • Govt Approves 16 FDI Proposals Worth Rs 4,722 Crore
  • India Unprepared To Tackle Online Data Security
  • BPCL, Oman Oil Looking To Sell 24% Stake In Bina Refinery
  • Yes Bank Q2 Profit Rises 26.5% To Rs610 Crore
  • Pfizer In Talks To Merge With Botox-Maker Allergan

  • GE Said To Plan Close On $9.3 Billion Alstom Purchase
  • Volkswagen May Recall 100,000 Diesel Cars In India
  • Sensex Falls For Fourth Day, Ends 201 Pts Down, Nifty Ends At 8,111
  • India Ratings Lowers India FY16 Growth Forecast To 7.5%
  • US Fed Decision Provides More Space To Emerging Markets: Shaktikanta Das
  • US Lawmakers Oppose Indian Norms On Pulses’ Stock Limit
  • Small And Midcap Funds Fare Well In Q2: CRISIL
  • Interest On Rupee Denominated Bonds To Attract 5% Tax
  • IRDA Clears Air On Repudiating Life Covers
  • IPO Of Indigo’s Parent Co Over-Subscribed 3.63 Times
  • Make Single Premium Policy Tax-Free, Insurers

Morning Business News Round up_October 28, 2015

Morning Business News :

  • Sebi Looks To Revise Rules For Credit Rating Agencies
  • Rasgas Contract To Cost Petronet LNG Rs 10,000 Cr
  • India Inc’s External Borrowings Down 32% At $2.6 Bn
  • Easier Trade Can Push Global Exports $1tn pa
  • India Overtakes China, Now Biggest Gold Consumer
  • Maruti To Pay Royalty To Suzuki On New Models In Re
  • Govt Plans To Lower Its Stake IDBI Bank: Sinha
  • India Jumps 12 Spots On World Bank’s Ease Of Doing Biz List
  • Tatas, Birlas, Ambanis Take Discount E-Tailers Head On
  • Cairn-Vedanta Merger Deal Not To Be Reworked
  • Govt Sets Up Panel To Simplify Income Tax Laws
  • Railways Receive Rs 2,000 Cr Assistance From LIC For Projects
  • Fitch Withdraws IDFC’s Rating, Reaffirms ‘Good Credit Quality’
  • Airtel Sells 700 Towers In Burkina Faso To Eaton

  • Indigo IPO Subscribed 86% On Day-1
  • India May Attract $6 B From Canadian Pension Fund In 8 Years
  • Japan Offers Conditional Support To Yuan Joining IMF Currency Basket
  • Seed Industry Seeks Policy Support To Boost Exports
  • Japan’s Nippon Agrees To Buy NAB’s Life Unit For $1.7 Bln
  • Tata Trusts, Harvard University Announce Collaboration
  • Essar Ports Fixes Rs. 93.66/Share As Delisting Floor Price
  • Trai’s Call Drop Policy May Increase Tariffs: Telcos
  • Maruti Q2 Profit Surges 42.1% To Rs1,225 Crore
  • Jaitley Sure Of Meeting Fiscal Deficit Target Despite Disinvestment Hiccups
  • US Plans To Sell Down Strategic Oil Reserve To Raise Cash
  • Lupin’s Q2 Results Are A Rude Reality Check
  • Crompton Greaves To Divest Its Canadian Power Systems Business
  • SEBI In Process Of Allowing Foreign Money Into Commodity Markets
  • Sensex Falls For Second Day, Ends 108 Points Down
  • Vedanta Q2 Consolidated Net Profit Falls 41% Yoy To Rs 974 Cr
  • Tata Communications Reports Rs 6.02 Crore Net Profit In Q2
  • IRDAI Issues Guidlines On FDI In Insurance Firms
  • RBI May Seek Info From HK On Bob Scam
  • CTT Removal Demand Linked To STT: Official
  • Dividend From Bank Lifts HDFC Q2 Net
  • Bharat Forge Reorganises European Operations

Morning Business News Round up_October 21, 2015

Morning Business News :

  • HSBC, Citibank Hire Investigators To Probe Black Money Trail
  • Rcom, Aircel And MTS Begin Talks For Three-Way Merger
  • Mahindra & Mahindra Pips Tata Motors In CV Sales
  • RBI Invites Applications For BBPS Units
  • Govt May Pay Sugarcane Growers Direct To Help Mills
  • S&P Downgrades Vedanta Resources Credit Rating
  • TRAI Call Drop Norms To Hurt Telcos’ Earnings: Bofa-ML
  • BSE Asks Brokers Using Algorithm Trading To Submit Audit Reports
  • Impairment For KG-D6 Block Likely For RIL
  • World Bank Poverty Estimates Are Poor, Says Government

  • US FDA Raises Concerns On Cipla’s Indore Plant
  • Oil & Gas Industry Seeks Slashing Of Rs 4,500 Per Tonne Cess On Crude
  • Tata Steel Says May Cut About 1,200 UK Jobs In Restructuring
  • Bajaj Finserv Consolidated Net Profit Jumps 40% In Q2
  • Biocon Q2 Profit 300% Up At Rs 306 Cr On Syngene Windfall
  • RIL’s Refinery Margins Will Continue To Improve: Moody’s
  • ACC Q3 Consolidated Net Down 40% At Rs. 115 Cr
  • HCL Tech To Buy Volvo’s IT Business
  • Vedanta To Export Over 5.5 Mt Iron Ore From Goa This Year
  • Govt Mulls Raising FDI Limit In News Media
  • Maruti’s Royalty Payouts To Suzuki ‘Extortive’, Says Report
  • Adani Transmission Q2 Consolidated PAT Jumps To Rs. 153 Cr
  • India In Talks To Buy Coking Coal Mines In South Africa
  • Hero Motocorp Q2 Profit Rises Marginally To Rs772 Crore
  • Airtel Raises $400 Million More From Sale Of Africa Assets
  • Govt Likely To Order Audit Of Telecom Firms
  • Rupee Closes 25 Paise Weaker Against US Dollar At 65.06
  • SKS Microfinance Net Profit Up 37% In September Quarter
  • Employment Increases By 5.21 Lakh In FY15
  • FY15 Coal Import Bill Spills Over Rs 1 Lakh Crore; 27.12% Jump
  • TCS Announces Global Alliance Partnership With Tableau Software

  • Govt To Tap Rs 10k Cr Idle Funds For BPL Age, Health Cover
  • Bond Holders Could See Windfall Gain With Hike In FPI Limit
  • Irdai Clears Air On Control Of Indian-Owned Cos
  • India At Rock Bottom In Global Pension Index
  • Ramco HCM Makes Its Foray In The US Market
  • S&P Unlikely To Change India’s Rating Till At Least 2016
  • Attune Technologies Raised $10m In Series-B Funding

Today’s M & A Deals _Aug 27,2015

M & A Deals :

  • Merchandise eTailer Icustommadeit.com Gets Third Round Of Angel Funding
  • Infuse Ventures Invests In Ezysolare.com
  • India Quotient, Others Invest In Doorstep Beauty Service – Belita
  • GHV Invests In On Demand Washing And Dry Cleaning Startup PickMyLaundry
  • Women Fashion App Voonik Aqui-hires TrialKart
  • SEAF hits road to raise new India fund
  • Adcock Ingram to sell loss-making India unit Cosme
  • Monnet may sell Orissa Sponge stake to Bhushan Steel
  • Airtel to buy Augere Wireless Broadband
  • LIC bought bulk of IOC shares sold by the government
  • Zephyr Peacock is looking to part exit.
  • InstaSafe raises seed funding
  • QSR chain Roll Mafia raises seed funding
  • Online foodies community Food Talk raises $500K

 

Morning Business News Round up_August 27, 2015

Morning Business News :

  • $354-Bn Forex War-Chest Too Small To Fight A Crisis: Kaushik Basu
  • Govt Nods Royalty Payment To States On Oil Production
  • Nyse Invokes Rule 48 For Market Open In Anticipation Of Volatility
  • India Can Tide Over China-Driven Crisis, Says Chanda Kochhar
  • Developers Allowed To Divest 100% Equity In Road Projs
  • Trading In Sterling Holidays To Be Discontinued From Aug 31

  • India, Uae Launch Forum To Evaluate Business Opportunities
  • Govt May Pare Stakes In Some Banks To 33%
  • 3 Stocks Account For 1/3 Of 2,200-Point Sensex Fall In 1 Week
  • Tata Capital To Raise $1 Bn For Second Corpus Across 3 Funds
  • Mmrda Sanctions Rs 35,400 Cr For 118-Km Mumbai Metro Network
  • Iocl’s Ratings Unaffected Despite Stake Sale: Fitch
  • Sun Tv Network Enters Into Deal With Hooq To Share Its Library
  • Credai To Come Up With Their Own Data For Real Estate Sector
  • Pboc Injects 140 Bn Yuan Via Short-Term Liquidity Operations
  • Long Way To Go For India To Become Global Growth Engine: Rajan
  • Pakistan’s Economy Facing Existential Crisis, Says Report
  • China To Restrict Stock Index Futures Trading To Curb Speculation
  • Natural Rubber Prices Skid To 6-Year Low On China-Led Rout
  • Rajat Gupta Files Appeal To Overturn Insider Trading Conviction
  • Raghuram Rajan Says Not In Favour Of Devaluing Rupee: Report
  • Airtel Acquires Augere Wireless In 4g Push
  • L&T Infotech To File Draft Ipo Papers By Early September
  • Analysts Wary As Ashok Leyland Aims To Double Export Revenue
  • Ultratech Cement Said To Be Near Deal For Jaiprakash Plant In Bhilai
  • Ntpc Worried As Sebs’ Payment Security Mechanism Set To Lapse
  • Sensex Falls 318 Points, Nifty Ends Below 7,800
  • Icra Sees Npas Jumping To 5.9% By March From 4.4% In Fy15
  • Commodities Price Crash Could Give Big Push To Infrastructure Projects
  • China Probing Brokers, Regulators For Possible Stock Crimes
  • Cairn To Invest Rs 1,400 Cr To Raise Oil, Gas Carrying Capacity
  • Apollo Tyres Closes 300m Euro Financing For Hungary Plant
  • Mahindra To Invest Rs 700 Cr To Become Full Range Cv Player
  • L&T Bags Rs 864-Cr Order From Qatar’s Kahramaa