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_November 27, 2015

Morning Business News :


  • Godrej Properties launches mixed-use development project ‘The Trees’ in Mumbai
  • Ashok Leyland bags $200 million contract from Cote D’Ivoire
  • Essar Oil: Finally, able to proceed with delisting
  • NMDC cuts iron ore price by 12.5%
  • Corridor development projects will help boost investment into the country’
  • USFDA extends time for Dr Reddy’s to respond on warning letters
  • Pipavav Defence plans to exit debt revamp package
  • Tata Motors sees growth from auto logistics
  • Solar power cos’ funding struggle slows transition to green tech
  • ACC plans to set up cement brick units
  • Mahindra conducts raids against fake auto spares in Pune
  • L&T Construction bags orders worthRs. 1,038 cr
  • Trai proposes radical changes in spectrum holding norms; suggests government keeps overall cap
  • Weak monsoon worries CEOs of FMCG like Britannia, Dabur; rural growth takes a hit
  • Indian Overseas Bank’s Rs 3,000 crore loans cleared in H1 under finance ministry scanner
  • ASCI upholds decision on ‘misleading’ advertisement by Bharti Airtel promoting 4G services
  • SRL Diagnostics may see exit of PE investors Avigo Capital, Jacob Ballas and IFC
  • Telenor ahead in race to snap up Videocon 4G; deal talks confirmed by Videocon

  • Mobile sector to account for 8.2 per cent of Indian GDP by 2020: GSMA
  • Harsh Goenka-led RPG Group to enter skin care segment
  • India adds 2,311 MW green power generation capacity
  • Hardy Oil & Gas in talks to buy RIL’s 90% stake in GS-01 block
  • Indian consumers more likely to switch brands, firms: Accenture
  • Fortis buys Religare Health Trust for $15 million
  • Incentivize long-term farm investment to reduce distress
  • Weak construction, real estate demand hurt Cera Sanitaryware
  • Banks to soon roll out pre-approved overdraft facility from ATMs
  • India among 5 fastest-growing markets with 275 million new air passengers
  • Govt gives shipyards more indirect tax sops
  • IDBI Bank strike on Friday to oppose privatization plans
  • VW to invest Rs.720 cr on new compact sedan for India
  • LED bulbs to be available for underRs.44 a unit soon: Piyush Goyal
  • Maharashtra state power utility shocks consumers with steep levy


Today’s Wealth Mantra !

“It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”

– Warren Buffett


Connect with us

Morning Business News Round up_November 25, 2015

Morning Business News :

  • ANG Industries gets order from Ashok Leyland (AL)
  • Cybertech Systems wins 139.5m-rupee contract
  • Gammon India Lenders invoke debt restructuring
  • Goa Carbon Paradeep plant shut for maintenance
  • Grindwell Norton strike at Bengaluru plant withdrawn
  • ICICI Bank Investment Technology Group, ICICI Securities to offer POSIT alert services
  • IG Petrochem to consider new business opportunity on Nov. 25
  • Just Dial approves buy back of 1.06m shrs at 1,550 rupees each

  • Kesoram Ind to make car tires, revive Odisha plant: DNA
  • Lanco Infra to invest $350m for solar panel factory in Chhattisgarh state
  • Lupin sued by Vanda over application for generic Fanapt
  • Max India to sell 23% more stake in health insurance JV to Bupa
  • MRF to set up 9b-rupee plant in Telangana: Business Line
  • Petronet Yet to sign any agreements w/ Rasgas
  • SpiceJet Chairman says the best performing airline stock in the world remains undervalued
  • Tata Power Among cos. that submitted pre-qualification applications for Zambia solar projects
  • Trigyn Technologies wins contract from Louisiana state
  • Wipro to get at least $100m more orders as BP expands deal: ET
  • Wockhardt Price-control authority exempts 3 insulin drugs


Today’s Wealth mantra !

“Price is what you pay. Value is what you get ”

-Warren Buffett.