Tag: Essar Oil

Morning Business News Round up_December 31, 2015

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Morning Business News :

  • Windfall Awaits Oil Cos As Under-Recoveries To Dip
  • Govt Fears Rs 50K Cr Shortfall In Divestment Proceeds
  • Demand For Big Oil Ships Up On OPEC Output Limit Ban
  • Rcom, Aircel To Pare Debt To Rs 20,000 Cr Ahead Of Merger
  • Government Calls Off Fourth Round Of Coal Block Auctions
  • Civil Aviation Policy To Come For Cabinet Nod In January
  • IT Dept Publishes Names Of 18 Defaulters Owing Over Rs 1,100 Crore
  • Sebi To Seek Report From Commexes And Traders On IT Raids
  • Prakash Steelage To Sell 12.47% More Stake In JV To Tubacex Of Spain
  • Balco Unions Petition PMO To Bail Out Struggling Aluminium Industry
  • Tata International Plans To Widen Agri-Business In Africa
  • IDFC Bank To Turn ₹350-Cr Lanco Infra Loans To Ccds
  • Essar Oil Creates History With Largest Delisting, Offers Rs262.80/ Share

  • Dr Reddy’s Relaunches Nexium Generic In The US Market
  • Experts Hopeful Of Better Times For Investors In 2016
  • India Mobile Phone Subscribers Cross 1 Billion, Shows Trai Data
  • Companies Raised Rs68,608 Crore Through Capital Markets During 2015
  • JMT Auto Promoters Pledge Shares To IL&FS Trust
  • Trai Extends Deadline For Comments On Net Neutrality Issue
  • Govt To Spend Rs5,000 Crore For Solar Rooftop Systems
  • India Needs To Increase GDP Growth Rate By At Least 1-1.5%
  • Indian IPOs Set To Raise Over $5 Bn In 2016, A Six-Year High
  • GAIL In Talks With Golar LNG For Shipping US Gas
  • Sensex Snaps 2-Day Winning Streak, Ends 119 Points Down
  • Gold Prices Poised To End Lower For A 3rd Time In A Row
  • Sebi To Finalise Crowd-Funding Norms In A Few Months
  • BSE’s MF Platform To Accept Orders 24×7 From January
  • Tax Appeal Before Commissioners Must Be E-Filed
  • Norway-Based SINTEF To Help In Recycling Construction Waste

Today’s Wealth Mantra !

“The stock market is filled with individuals who know the price of everything, but the value of nothing.”

– Phillip Fisher

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Morning Business News Round up_December 24, 2015

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Morning Business News :

  • Govt Mulls Tax Sops On Esops, VC Investments
  • Energy Sector Will Generate $250 Bn Investment
  • Govt Delays  Law, GST Deadlock Remains
  • Govt Says Closing In On Westinghouse Deal Worth $150 Bn To Build 6 Nuclear Reactors
  • OVL’s $1.26 Bn Vankor Buy To Be Signed Tomorrow
  • Essar Oil Gets Okay For Institutional Sell-Off; Time To Delist From Bourses
  • Sebi Panel Advises On Removing ‘Conflict Of Interest’ While Rating
  • Rajan Raises Concerns Over High Corporate Sector Vulnerabilities
  • Rcom Suspends Launch Of Free Basics Till TRAI’s Approval
  • World Bank Feelers To Part-Finance India Post’s Payments Bank
  • Indian Railways Signs Rs 500 Cr Pact With Coal India For Supply Of 2,000 Wagons
  • CBDT Issues MAT Order Pertains To Foreign Companies
  • Piramal Enterprises Buys 5 OTC Brands For Rs 92 Crore
  • Court Asks MCA To Decide On FTIL-NSEL Merger By Feb 15
  • Lupin Gets USFDA Nod To Market Potassium Chloride Capsules
  • Nalco Inks R&D Pact With Chalieco Of China
  • Idea Launches 4G Services In Five Southern States

  • Small Investors In Dark Over Sahara’s Latest Shadow Banking Schemes
  • Welspun Enterprises Divests 37% Stake In Dewas Bhopal Road Project
  • Boards Raise Scrutiny As Infosys And Wipro Bet Big On Start-Ups
  • Sensex Rebounds 259.65 Points, Nifty Ends At 7,866
  • DLF Gets Rs 1992 Cr From GIC From Stake Sale In 2 Projects
  • Npas Jump 50 Bps To 5.1% Between March And September Quarters: RBI
  • Dr Lal, Alkem Make Strong Debut On Bourses
  • SAIL To Soon Launch Rs 400-Crore Voluntary Retirement Scheme
  • Wipro To Acquire Viteos Group For $130m In Outsourcing Push
  • L&T Bags Orders Worth Rs 1,178 Crore In December
  • Over Rs 16k Cr Undisclosed Income Detected In 20 Months
  • Sebi Attachment Orders Up 5-Fold At 1,610 In FY15

Today’s Wealth Mantra !

“With the possible exception of things like box scores, race results, and stock market tabulations, there is no such thing as Objective Journalism. The phrase itself is a pompous contradiction in terms.”

-Hunter S. Thompson

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Morning Business News Round up_November 27, 2015

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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

 

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Morning Business News Round up_November 18, 2015

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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