Morning Business News Round up_November 27, 2015

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_September 21, 2015

Morning Business News :

  • Resolution Of Pending Tax Disputes In Works: FM
  • BPCL Set To Start Work On Rs 5k-Cr Complex In Kochi
  • Govt Examining Oil Cos’ Demand To Lower Cess
  • Ambanis Unite Against GSM Rivals’ Proposals To Dot
  • Psus’ Capex Down 24% In 2014-15
  • Petrol, Diesel Contribute Rs 30,000 Cr Addl Excise In Apr-Aug
  • BSE Eyes 10 Times Faster Trading Speed In Next Few Months


  • SFIO Report On Kingfisher Airlines At Least 6 Months Away
  • Govt May Raise FDI Cap To 100% In DTH, Cable Networks
  • Powergrid To Set Up Lines To Link Solar Parks With ISTS
  • Steel Makers Build Case For Anti-Dumping Duties On Imports
  • Jaitley Seeks Foreign Investments For Infra, Other Sectors
  • Registered Research Analysts Rises To 121 As Of July: SEBI
  • Stanchart Revises FY16 CAD Forecast To 1.5% Of GDP
  • Fortis To Use Drones To Transport Organs


  • Xander To Acquire Distressed Assets
  • Bad Loans: IDFC Gets RBI Nod For Using Rs.2,500 Cr Reserve As Provision
  • Sun Pharma Sells Ranbaxy Divisions To Strides Arcolab For Rs165 Crore
  • Govt Policy On Spectrum Trading, Sharing Could Boost Service Quality
  • DLF To Open Rs300-Crore Emporio Mall In Delhi By May 2016
  • NTPC Gets Shareholders Nod To Raise Rs.5,000 Cr
  • Sebi Widens Black Money Probe; Offshore Arbitrage Under Regulator’s Lens
  • Delhi Power Gencos Charging 50% More Than The NTPC’s Rate: Tata Power
  • In Real Distress, Developers Join Forces To Get Projects Off Ground
  • Top 10 BSE Sensex Companies Add Rs 74,521 Cr In Market Cap
  • $4b Indian Cyber Security Segment Is Expected To Grow
  • A Divided Fed Pits World’s Woes Against Domestic Growthmajor Stock/Sector News In Focus:::
  • 8K Miles To Buy Nexage Technologies
  • Amtek Global Ratings Withdrawn By S&P
  • Apollo Tyres Seeks Shareholders’ Approval To Raise 10b Rupees Selling Non-Convertible Bonds
  • ARSS Infra Gets 1.48b-Rupee Order
  • Ashokley Financing Unit Plans 6.5b-Rupee IPO
  • Asian Paints Plans 23b-Rupee Manufacturing Plant At Mysuru
  • Atlas Cycles To Sell Unit In Madhya Pradesh
  • Cairn India Aims To Maintain FY16 Output At FY15 Level
  • SEBI Said To Probe Castex On Bond Conversion: Reuters
  • Colgate-Palmolive To Consider Giving 1 Free Shr For Each Held
  • Reddy’s Biomarin Reports Kuvan Patent Settlement W/ Co.
  • Honda Cars To Recall 224,000 Vehicles In India On Airbags
  • Hotel Leela Plans To Sell 24% Stake To Reduce Debt

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  • Goa Hotel Sold For $110m To U.K. Businessman
  • IDFC Gets RBI Approval To Use 25b Rupees As Provision
  • IG Petro Says Customs Liabilities Case Decided In Favour Of Co.
  • Natco Pharma To Raise 3.41b Rupees Selling Shrs To QIB
  • NBCC Wins 1.97b-Rupee Order
  • Power Mech Projects Wins 1.67b-Rupee Contract
  • Reliance Ind Bond Risk Falling For 1st Time In 4 Quarters
  • TD Power Wins Order From European Co. For Generators
  • Govt Plans Raising FDI To 100% In DTH, Cable Networks