- 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
Tag: Airtel
Retail news Round Up_April 27,2016
- Airtel To Offer A Unified Recharge Interface By Integrating All Mobile Wallets on MyAirtel app
- Baba Ramdev’s Patanjali aims to beat Nestle, P&G, Colgate by doubling revenue; to invest Rs 1,150 crore in FY17
- Paytm investor raises record $4.5bn for global expansion
- Reliance Industries Ltd partners with Star Cotspin Limited
- BlackBerry launches BBM Money with HotRemit in India to transfer money to contacts
- Ideaspring’s $19M fund to invest in IoT, VR, fintech & more
- Ministry of Commerce to address grievances & queries on Twitter
- TranServ raises $15M from IDFC, Micromax and others
“Procrastination is the art of keeping up with yesterday.”
-Don Marquis
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
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
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