Morning Business News Round up_January 18, 2016

Morning Business News :

  • US To Pay Iran $1.7 Bn In Debt And Interest
  • India, EU Officials To Meet Tomorrow On FTA
  • Iran Nuclear Sanctions Lifted, India Can Now Import Oil Freely
  • Hydro Units May Come Under Renewable Energy Ambit
  • Centre Finds An Ally In New-Economy Companies
  • Industrial Recovery To Be Gradual, 2016 GDP Growth At 7.8%
  • Let Rupee Slide To Help Exports Remain Competitive
  • Railways To Manufacture Locos That Run On Diesel, Electricity
  • BSE Brings Institutional Investors Under Self-Trade Checks

  • Coal India Stake Sale May Be Deferred To Next Fiscal
  • Govt To Scan Ways To Ease Listing Norms For Start-Ups Further
  • Fpis Withdraw Rs. 3,483 Cr From Equity Market From Jan 1-15
  • Nbfcs Pitch For Parity With Banks On Tax Issues
  • FDI In Food Processing Sector May Go Up By 25%
  • IMF Resists A Return To Still-Struggling Greece
  • NGT Slaps Rs25 Crore Fine On Adani-Hazira Port, Cancels Environment Clearance
  • Aurobindo Pharma Gets USFDA Nod For Generic Tranexamic Acid Injection
  • United Spirits To Exit From Nepal Subsidiary
  • Air India Seeks Around Rs4,300 Crore From Govt For FY17
  • Sensex, Nifty May Jump 10-15% This Year; Large-Cap Stocks Safe Bet
  • ONGC Videsh Ltd Refinances $1.78 Bn Loan At Lower Coupon Rates
  • Govt To Bear Patent Cost, Relax Procurement Norms For Startups
  • Maruti Suzuki Hikes Car Prices By Up To Rs 12,000
  • Postal Dept To Open 1,000 Atms By March This Year
  • Cement Sector To Revive In About Three Years
  • Global Markets See Another Week Of Sharp Sell-Off
  • Revenue Growth May Remain Muted For Third Quarter
  • Coffee Exports Hit By Lower Production

Today’s Wealth Mantra !

“Bottoms in the investment world don’t end with four-year lows; they end with 10- or 15-year lows.”

– Jim Rogers

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Morning Business News Round up_December 08, 2015

Morning Business News :

  • Iran in talks for $4.5-bn gas link to Gujarat
  • Coal India to invest Rs 57,000 crore by 2020
  • Oil at lowest in seven years on OPEC inaction
  • Adani wants law to restrain greens from opposing mine
  • Fitch Affirms India’s sovereign rating at ‘BBB-‘
  • Govt awards NH projects worth over Rs 1 lakh cr
  • Indian e-commerce market to touch $128 bn by 2017: Study
  • JP Morgan AMC sells Amtek’s distressed papers

  • NSE’s delaying tactics intact despite Sebi relaxing norms
  • Cigarette cos hit hard on GST panel suggestion
  • Power shortage, peak deficit at all-time lows of 2.4%, 3.2%
  • Iron ore exports at 10.75 lakh tonne
  • Malaysian govt raises objections to summons in Aircel-Maxis case
  • GMR Group may divest stake in energy business
  • Lanco Infratech commences power supply to Haryana discoms
  • GST: 40% tax proposal for aerated drinks may hit industry
  • Hindalco looks to exit copper mining and focus on smelting
  • com says India one of its fastest-growing markets
  • Adani Group wants Australia to restrict green groups opposing coal mine
  • AIA to raise stake in Tata AIA Life Insurance to 49%
  • Tata Steel may be nearing a deal on UK plant
  • PE funds, NBFCs join hands for big-ticket real estate deals
  • Sensex falls for fourth day, ends 108 points down, Nifty ends at 7,765;
  • Alkem Laboratories, Dr Lal Pathlabs IPOs to hit market tomorrow

  • Tower business sale to improve Reliance Com’s financial profile: Moody’s
  • Godrej Properties sells 300 flats for Rs 700 cr in Mumbai
  • Education loan made easier as govt stands guarantee
  • Mutual Funds see Rs 31,000 cr outflow in Nov
  • Climate talks enter final phase, India promises positivity
  • Insurers want tax sops for home cover buyers

Today’s Wealth Mantra !

“Only buy something that you would be perfectly happy to hold if the market shut down for ten years”

-Warren Buffett

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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

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Morning Business News Round up_November 13, 2015

Morning Business News :

  • MSCI to include 14 China ADRs in EM index
  • US budget deficit widens to $136 billion in October
  • NRI deposits grow to $121.8 bn by 55% during April-September 2015
  • FDI reforms to revitalise India-UK ties
  • India bond ETF, bond index to launch in London
  • Green nod for Tata Steel’s Rs 185-cr Odisha project
  • Raghuram Rajan warns of global threat from easy money
  • September IIP slumps to 3.6%, October CPI rises to 5%
  • 7th pay panel’s draft report riddled with dissent notes
  • Private banks to gain with easing of FDI
  • UK, Indian cos to sign deals worth $13.7 bn
  • Call drops compensation to cost telcos Rs 200-cr a quarter
  • Parliamentary committee calls for one regulator for money pooling schemes
  • Alstom to supply 800 electric engines to Indian Railways

  • 60,000 Maggi WelcomeKits sold within 5 minutes of flash sale
  • Global gold demand hits more than 2-year high in Q3
  • Coal India invites global firms to set up washery in Jharkhand
  • Sterling hits 3-month high after Draghi’s comments drag euro down
  • SpiceJet posts Rs24 crore profit in Q2 on lower fuel prices
  • RBI staff plan strike on 19 November
  • Reliance Jio’s LYF phones miss Diwali launch, sale restricted to staff
  • FDI limit raised for TV channels
  • India, UK announce 9 billion pounds worth of deals
  • Swachh Bharat cess to be levied on portion of taxable service
  • Over 4,660 tons seized pulses offloaded in open market: Govt
  • Indiabulls Housing to buy 40% in UK bank for $100 mn
  • Pragati Maidan makeover on anvil; to cost around Rs 3K cr
  • DGCA allows airlines to roll out zero baggage charges
  • Easing of FDI norms to support investment, GDP growth
  • LIC Nomura launches ETF Sensex, eyes to mop up Rs 200 cr
  • Mkt investors poorer by Rs 4.4L cr so far this fiscal
  • Honeywell plans to grow twice the rate of India’s GDP
  • Cos listed on VSEL to move on BSE dissemination board
  • Sebi lifts curbs on Tea Time in public holding norms case

Morning Business News Round up_October 23, 2015

Morning Business News:

  • Japan Offers India Soft Loan For $15-Bn Bullet Train
  • ECB Keeps Rates On Hold, Seen Opening Door To Easing
  • Slow Fibre Rollout Hurting Telecom; Experts Blame Low Investment In Optic Fibre
  • Reliance Group To Further Invest Rs 46,000 Crore In MP
  • LIC In Talks With Psbs For Nomura Stake Sale
  • Reliance MF Eyes More Acquisitions After Goldman
  • Shell Cos’ Patents To Come Under Domestic Tax Net
  • Investors Unfazed By Dividend Row: Indigo
  • Rcom In Talks With BSNL, Vodafone, Idea For 2G Intra-Circle Roaming
  • India To Meet Fiscal Targets Despite Revenue Drop: Bofa-ML
  • India Remains Less Exposed To External Risks, Says Moody’s
  • RBI Issues Rules To Operate Gold Monetisation Scheme
  • Eyeing $1 Billion GMV By Early Next Year: Shopclues Officials
  • DLF Appoints Bankers For Selling Promoters Stake In Rental Arm
  • Iron, Steel Exports Plunge 41% To $4.57 Bn In Sept
  • Indians Working In US Find Their Job Less Stressful: Survey
  • Kerala Govt Mulls Importing Pulses To Tame Price Rise
  • GIC To Invest In Tishman Speyer’s Waverock Project In Hyderabad
  • Rural Inflation Running Higher Than Urban: HSBC
  • PE Transactions To Touch $22 Bn By December: Report
  • HDFC Bank Profit Rises 20% To Rs2,869 Crore
  • Petronet LNG Pays Rs400 Crore Demurrage As Psus Refuse Costly Gas Import
  • JSW Steel Profit Falls 84%, Beats Estimates Of A Loss
  • Indiabulls Real Estate Posts Twofold Jump In Net Profit
  • Ratan Tata, American Express Invest In Digital Currency Start Up Abra
  • ‘Airline Losses To Come Down 35% To Rs 5,500 Cr This FY’
  • Centre Clears Two Ordinances For Swift Settlement
  • Over 75% Real Estate Projects Non-Starters: Assocham
  • Equity MF Folio Count Up By 21 Lakh In Apr-Sept
  • Domestic Fis Pitch For Easier Taxation
  • Oilseeds Output In Rabi Season May Be Normal
  • Gamesa To Set Up 100 Mw Wind Plant For HFE In MP

  • Coal India Takes IT Route To Track Mining Projects