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

IPO-670x250

  • 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

Connect with us

Morning Business News Round up_November 16, 2015

Morning Business News:

  • Japan economy shrinks 0.8% in Q3, back in recession
  • Global markets brace for short-lived jolt after Paris attacks
  • Defence ministry changes rules to incentivize foreign firms to form JVs in India
  • India pledges to up renewable energy output to 175GW
  • Sunil Mittal urges G-20 to invest in digital infrastructure
  • India to oppose loan clause on environment at G20
  • Blackstone realty arm sells stake in Synergy

  • Petrol price hiked by 36 paise; diesel up 87 paise
  • IMF says optimistic about India’s growth prospects
  • Modi govt’s gold schemes have potential to perform better
  • Fertiliser Ministry seeks more than Rs 25,000-cr for urea subsidy bills
  • Low demand eats into input cost benefits
  • BRICS Bank to fund inclusive needs of emerging nations
  • Modi seeks G20 deadline to lower cost of remittances
  • ‘Low’ may not intensify, but no let-up seen in overall rain
  • Maruti minority shareholders vote on Gujarat plant starts
  • SEBI wants MFs to lower salary of senior executives
  • Jindal Steel to cut costs after Q2 loss
  • US fines Alstom record $772 million in foreign bribery charges
  • Volkswagen tags 430,000 new cars with implausible carbon dioxide ratings
  • Bad loans may rise for Shriram Transport Finance
  • GMR Infrastructure Q2 net loss narrows to Rs399 crore
  • Execution delays overshadow strong quarter for NHPC
  • India can be a pillar of global growth: PM at G20 meet
  • Downward trend in stocks may continue; WPI data key
  • Old sites can’t house Ultra Mega Power Plants
  • Tata Steel gets green nod for sand mining in West Bengal
  • Builders rush to buy land in weak market
  • EPFO invests Rs 2,300 cr in ETFs in Aug-Oct
  • PE investments in India touch $14b till Oct
  • FPIs take out Rs 2,800 cr in two weeks
  • Top 10 valued firms lose Rs 94,561 cr in market cap
  • J&K Bank Q2 profit up 13.5% at Rs 196 cr