Morning Business News Round up_November 30, 2015

Morning Business News :

  • Economic growth seen picking up, RBI may hold rates steady
  • Yes bank sells United Breweries shares pledged by Vijay Mallya to Heineken International
  • Delhi HC turns down Bayer’s plea against Dr. Reddy’s Labs’ anti-stroke pill
  • Welspun Group to sell its renewable energy business, appoints Barclays to look for a buyer

  • Coca-Cola likely to enter pure dairy segment, to compete with Amul, Britannia and Nestle
  • 30 lenders of Essar Steel agree to move Rs 14,500 crore of term loans under 5:25 scheme
  • SpiceJet to choose between Airbus & Boeing for plane order
  • Yes Bank invokes UB shares worth Rs 778 crore
  • Nestle India may consider second interim dividend
  • Telecom, I&B ministry to use broadcast airwaves for mobile services
  • Gems and Jewellery exports dip 18% during April-October
  • Emami to hike paperboard investment to Rs 2,000 crore in 3 years
  • Domestic construction equipment industry to grow to $15 billion by 2020
  • Mankind Pharma to invest Rs 200 crore to open 2 plants by mid-2016
  • Government in talks with various markets to accept Indian drug norms
  • Amul expanding processing capacity, distribution reach
  • Patanjali to invest Rs 1,000-crore on expansion: Baba Ramdev
  • International proxy firm Glass Lewis supports Maruti’s Gujarat plan
  • Chennai rains dent logistics, auto companies supply chain
  • Trai issues consultation paper for spectrum auction
  • Government bats for revising RPO target to 10% by 2022
  • Biocon’s revenue could hit $1 bn in four years, says Kiran Mazumdar-Shaw
  • Cipla inks investment pact with FIL Capital Investments
  • Sebi penalises Polaris promoter Arun Jain for insider trading
  • Novartis said to consider selling contact lens care division
  • Delhi HC allows Hoffman’s appeal against Cipla for lung cancer drug patent
  • Fortis buys Religare Health Trust for $15 million
  • Pipavav Defence to exit corporate debt restructuring
  • Plea filed against Volkswagen for flouting emission norms in India
  • Oil majors queue in Iran as $30 billion of projects in play
  • Top MFs eyeing a 24% stake in Jamna Auto
  • Vedanta, Hindalco dropped from Sensex; Adani Ports, Asian Paints added
  • Gas transmission firms clock gains on back of favourable policy
  • Emami to hike investment in paper boards to Rs. 2,000 cr
  • NuPower commissions 30 MW wind farm in Maharashtra

  • Mitsubishi Electric opens $8 m propulsion unit in Bengaluru
  • German auto components maker RLE plans to grow India revenue to €20 m
  • Japan to extend Rs 5,479-cr loan for Chennai, Ahmedabad metro rail projects
  • BSNL to expand Wi-Fi services to more AAI-run airports
  • Norms for increasing bio-diesel, bio-CNG usage by Dec: Gadkari
  • Australian govt gives nod for uranium supply to India
  • Vedanta’s loss on Odisha refinery crosses Rs 4,000 cr
  • Food safety regulator and industry at loggerheads again
  • Govt to advance higher vehicle emission deadline by three years
  • Land Rover phases out its cheapest SUV Freelander 2
  • Varanasi villagers blame Coca-Cola for water scarcity

 

Today’s Wealth Mantra !

“Wide diversification is only required when investors do not understand what they are doing.”

– Warren Buffett

 

 

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Morning Business News Round up_November 19, 2015

Morning Business News :

  • Telecom dept seeks PMO help to free up TV waves
  • India Inc’s Oct foreign borrowing dips 24% at $2.11 bn
  • Government extends currency swap facility for SAARC members
  • Govt to raise Rs 21Kcr from CIL stake sale
  • Govt nudges Vodafone with settlement proposal
  • India’s top real estate cos stare at Rs 30-k cr debt
  • Divestment, exports, infra get govt push
  • RBI workers’ strike tomorrow likely to disrupt settlements

  • Modi govt looks to revive stalled road projects, boost exports
  • Confusion reins over FSSAI’s product approval regime
  • GAIL rerating on oil & gas policy, Mahanagar Gas IPO
  • Jindal Stainless aims to cut debt by 64% through restructuring
  • Amtek Auto may sell Tekfor for Rs 6,000 crore
  • Japan regulators set to slap Toshiba with record $57 mn fine: Source
  • Competition panel asks Coal India to examine spot e-auction scheme afresh
  • Cabinet approves modification to bilateral assistance guidelines
  • GMR Kamalanga Energy gets revised tariff order from CERC
  • Commodity markets in worse shape than in 2009
  • Centre approves direct subsidy for sugarcane growers
  • Glenmark, Sun Pharma, Cipla said to weigh bid for Teva portfolio
  • Ramdev’s Patanjali atta noodles have no approval: FSSAI
  • Essar Steel bankers pushing to convert debt to equity
  • Govt would launch an initial public offering of Cochin Shipyard Ltd
  • ScoopWhoop raises $4 million from Kalaari Capital
  • Dr Reddy’s buys IP rights for anti-coagulant drug from Alchemia for $17.5 mn
  • Sensex slumps 382 pts to 25,482, Nifty settles below 7,750
  • Productivity gains of internet can transform India
  • Inflation completely under control in India: CEA
  • Govt fixes maximum mktg margin for natural gas
  • Finance Minister Arun Jaitley meets Rahul Gandhi
  • Ola raises $500m from Baillie Gifford, SoftBank and others
  • OECD countries to limit overseas financing for coal plants
  • Irdai to regulate non-life, health insurers’ expenses
  • India-focussed ETFs grow as demand picks up
  • Microfinance industry sees 28% rise in client base in Q2

 

 

Today’s Wealth Mantra !

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

– Phillip Fisher

 

Morning Business News Round up_November 10, 2015

Morning Business News :

  • GE to supply 1,000 diesel locomotives to Railways
  • India to renegotiate TAPI gas prices
  • Oil India Q2 net profit rises 11% at Rs 674.80 crore
  • DIPP working on aligning FDI policy with NIC code
  • FCI to raise short-term loan of Rs 30,000 crore
  • Chinese internet search co Baidu in talks to buy majority stake in Mydala for $100 mn

  • Adani to buy L&T’s Kattupalli port for Rs 2,000 crore
  • Rupee hits 8-week low of 66.44, drops 68 paise
  • Samvat 2071 ending with a loss for gold investors
  • HPCL posts loss of Rs 321 cr for July-Sept quarter
  • BPCL Q2 net more than doubles to Rs 1,018 cr
  • Sun Pharma elevated concerns on Halol plant spooks sentiment
  • Winter Session of Parliament to start from Nov 26
  • Govt moves to raise PSUs to world standards
  • Essar Oil may reset delisting price in ₹147-150 range
  • State-run banks sell dollar around 66.49 rupee level
  • Mittal’s South African steel plant in government bailout
  • Coal imports drop 5% to 14.52 MT in October
  • Jet Airways to buy 75 Boeing B737MAX planes
  • For power assets, JSW, Adani go head-to-head
  • Andhra Bank seeks to sell bad loans worth Rs1,388 crore to ARCs
  • India’s prospects relatively robust; to grow at 7.2%
  • Govt to revise small savings rate by month end
  • Sensex trims most of its losses to end 144 points down, Nifty closes at 7,915
  • Maruti Suzuki Swift and Dzire to be next products to get AMT
  • Adani coal mine in Australia faces fresh legal challenge
  • NDA defeat in Bihar no setback to economy
  • RPower declares maiden interim dividend, total outgo Rs 281 cr
  • Tata Power posts Rs 247 cr profit in Sep quarter
  • FIPB clears four FDI proposals worth Rs 384 cr

Morning Business News Round up_October 28, 2015

Morning Business News :

  • Sebi Looks To Revise Rules For Credit Rating Agencies
  • Rasgas Contract To Cost Petronet LNG Rs 10,000 Cr
  • India Inc’s External Borrowings Down 32% At $2.6 Bn
  • Easier Trade Can Push Global Exports $1tn pa
  • India Overtakes China, Now Biggest Gold Consumer
  • Maruti To Pay Royalty To Suzuki On New Models In Re
  • Govt Plans To Lower Its Stake IDBI Bank: Sinha
  • India Jumps 12 Spots On World Bank’s Ease Of Doing Biz List
  • Tatas, Birlas, Ambanis Take Discount E-Tailers Head On
  • Cairn-Vedanta Merger Deal Not To Be Reworked
  • Govt Sets Up Panel To Simplify Income Tax Laws
  • Railways Receive Rs 2,000 Cr Assistance From LIC For Projects
  • Fitch Withdraws IDFC’s Rating, Reaffirms ‘Good Credit Quality’
  • Airtel Sells 700 Towers In Burkina Faso To Eaton

  • Indigo IPO Subscribed 86% On Day-1
  • India May Attract $6 B From Canadian Pension Fund In 8 Years
  • Japan Offers Conditional Support To Yuan Joining IMF Currency Basket
  • Seed Industry Seeks Policy Support To Boost Exports
  • Japan’s Nippon Agrees To Buy NAB’s Life Unit For $1.7 Bln
  • Tata Trusts, Harvard University Announce Collaboration
  • Essar Ports Fixes Rs. 93.66/Share As Delisting Floor Price
  • Trai’s Call Drop Policy May Increase Tariffs: Telcos
  • Maruti Q2 Profit Surges 42.1% To Rs1,225 Crore
  • Jaitley Sure Of Meeting Fiscal Deficit Target Despite Disinvestment Hiccups
  • US Plans To Sell Down Strategic Oil Reserve To Raise Cash
  • Lupin’s Q2 Results Are A Rude Reality Check
  • Crompton Greaves To Divest Its Canadian Power Systems Business
  • SEBI In Process Of Allowing Foreign Money Into Commodity Markets
  • Sensex Falls For Second Day, Ends 108 Points Down
  • Vedanta Q2 Consolidated Net Profit Falls 41% Yoy To Rs 974 Cr
  • Tata Communications Reports Rs 6.02 Crore Net Profit In Q2
  • IRDAI Issues Guidlines On FDI In Insurance Firms
  • RBI May Seek Info From HK On Bob Scam
  • CTT Removal Demand Linked To STT: Official
  • Dividend From Bank Lifts HDFC Q2 Net
  • Bharat Forge Reorganises European Operations

Morning Business News Round up_October 27, 2015

Morning Business News :

  • Sajjan Jindal Plans JSW Group Ownership Restructuring
  • WTO Sees Up To $3.6 Trillion Boost To Trade From Deal To Cut Red Tape
  • Nestle To Resume Maggi Sales In India Next Month’
  • LIC And Indian Railways Develop A Bond Worth Rs 2,000 Cr
  • 45% Crop Shortfall Likely To Keep Dal Prices High
  • Indigo’s Anchor Book Mops Up Rs 832 Crore

  • India-Africa Forum Summit Begins With An Aim At Stronger Trade Ties
  • Govt Likely To Launch 3 Gold Schemes On November 5
  • Nippon To Acquire 23% Stake In Reliance Life For Rs 2,500 Cr
  • Essar Projects-Saipem JV Awarded KNPC’s $1.6 Billion EPC Contract
  • HFCL To Start Chennai Optical Fibre Plant From Nov 15
  • Centre To Address Regulatory, Financial Issues In Infra Sector’
  • SEBI Open To Make Changes On Exchange-Traded Funds Norms
  • SEBI’s Networth Norms May Nudge Farmers Out Of NCDEX
  • Tyre Makers Staring At Lower Revenue As Chinese Imports Soar
  • Elder Pharma To Repay Creditors By Selling Assets
  • L&T Starts Two Training Institutes In Vadodara
  • Bharti Airtel Q2 Profit Rises 10% To Rs1,523 Crore
  • Madhya Pradesh Declares Drought In 35 Districts, Seeks Rs2,400 Crore Aid
  • Sudhir Valia To Buy Jaypee Wind Power Assets For Rs180 Crore
  • Standard Chartered Winding Down Equity Derivatives Business
  • Hindustan Media Ventures Profit Rises 43%
  • Sebi May Intervene On Upfront Commission
  • Sensex Ends 109 Points Down At 27,362 On Profit-Booking, Nifty Settles At 8,260
  • No Service Tax On Flat Title Transfers In Mumbai
  • HDFC Life IPO Likely In Mid-2016
  • HDFC Q2 Net Profit Up 2% At Rs 2,106 Cr
  • Investment Via P-Notes Rises To Rs 2.55L Cr In Sept
  • Premji Invest Buys Minority Stake In Hygienic Research
  • Sterlite Tech Q2 Profit Doubles To Rs 29 Cr
  • Fusion Solar Sets Up 4 Mw Solar Plant In Telangana
  • Government Plans To Hike Sugar Cess