Morning Business News Round up_December 02, 2015

Morning Business News :

  • Car sales rise with high demand for Hyundai Creta & Mahindra TUV, two-wheelers under pressure
  • China pips India in race for reserve currency status
  • Need for more economic reforms in China, says IMF
  • Gold scheme brings Rs 246 cr, RBI issues certificates
  • Volkswagen’s US sales plunge 25% in November
  • Alkem Laboratories fixes IPO price band at Rs 1,020-1,050


  • BRICS bank to issue bonds
  • D-St gung-ho on GST, most expect bill to go through in winter session
  • Retail inflation may rise to 5.5% in Q4
  • Cox & Kings sells 100% of issued, outstanding shares of Explore Worldwide Limited
  • Coal India misses November production target by 4.42%
  • IVRCL pins hopes on 18 months SDR moratorium to bounce back
  • Bankers hint at lowering rates after Raghuram Rajan’s push
  • Chennai airport temporary shut down due to rains, water reaches runway
  • India Inc hails International Solar Alliance
  • Standard & Poor’s keeps Bharti Airtel’s rating unchanged post capex plan
  • AXA increases stake in Indian insurance joint ventures to 49%
  • ATF prices cut by 1.2%, non-subsidized LPG rate raised by Rs61.50
  • Institutional Shareholder Services changes stand, backs Maruti Gujarat plant project
  • Weak rabi prospects cloud Bayer CropScience outlook
  • Govt halts subsidy on CFL to encourage LED-based solar lights
  • Concerns rise about sustainability of record low solar tariffs
  • Motilal Oswal PE eyes ₹300 cr on exit from Mrs Bector’s Foods
  • Manufacturing output at 25-month low in Nov on poor new orders
  • FinMin sees GDP growth in “vicinity of 7.5%” this fiscal
  • FMCG firms drop prices, create smaller packs to lure rural India
  • TV18, CNN renew partnership

  • Sanofi supplies injectable polio vaccine to government
  • Cox and Kings sells UK unit to Hotelplan
  • KG Block: RIL may have pumped 15% of ONGC’s gas, says consultant
  • Benefits of IFRS would start to flow in 2018: Ian Mackintosh
  • HDFC invokes Mallya’s shares worth Rs 40 cr in USL
  • Yes Bank signs pacts worth $265 mn with US cos for SME lending
  • Bihar can replicate the Kerala model and not ban beer: Shekhar Ramamurthy


Today’s Wealth Mantra !

“Derivatives are financial weapons of mass destruction.”

-Warren Buffett

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