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

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  • 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_December 01, 2015

Morning Business News :

  • IMF approves yuan for benchmark currency
  • India’s GDP growth at 7.4%: Experts’ take
  • April-Oct fiscal deficit touches 74% of full-year target
  • Morgan Stanley to cut up to 25% of fixed-income jobs
  • Manappuram Finance to raise Rs 2,000 crore via NCDs
  • Natco shareholders approve amalgamation of subsidiary with company
  • European shares gain as prospect of ECB boost helps carmakers
  • Pidilite Industries buys some assets of CIC Holdings
  • Emami to hike paperboard investment to Rs 2,000 crore in 3 years
  • Non-banking finance companies step in to fill the void, lend more to SMEs
  • Cipla ready to launch low dose HIV drug ‘Efavirenz’
  • McDowell Holdings’ pledged stake in UBL falls to 3.02 per cent
  • Kwality starts product sale under brand name ‘Kwality’
  • Petrol price cut by 58 paise, diesel price by 25 paise
  • Airtel to invest Rs60,000 crore over 3 years to upgrade network
  • RBI unlikely to act on policy rate till Union Budget
  • Nestle resumes Maggi noodles production at all five plants in India
  • Maruti Suzuki plans land acquisition subsidiary for new dealerships
  • Transporting coal via waterways can save govt Rs10,000 cr annually: Nitin
  • Bookmyshow eyes $4 million in ad sales

  • Small NBFCs plan to build sales teams to draw customers
  • HDFC to list masala bonds in London
  • Relief for Adani Power in additional SEZ tax case
  • Bad loans may rise for Shriram Transport Finance
  • Smaller infra companies reward investors as larger rivals struggle
  • Small NBFCs plan to build sales teams to draw customers
  • RIL faces 40% cut in marketing margin on KG-D6 gas
  • With Jio launch near, Airtel to spend ₹60,000 cr on network
  • SEBI outlines new listing norms for exchanges
  • Quikr set to buy Commonfloor for $200 million
  • Euro Zone banking on Draghi to spur economy
  • Plea for ban on Volkswagen vehicles’ sale: NGT notice to Centre
  • Tata Motors set to launch new hatchback Zica in 2016
  • Dr Lal Pathlabs IPO opens next week for its Rs6.4bn IPO
  • Softbank leads $120 m funding in Grofers
  • Volvo to use FAME India scheme for hybrid bus
  • IDBI Bank stock soars on reports of IFC picking up stake
  • MFs exposure to bank stocks hits record high of Rs. 85,376 cr
  • Rajesh Exports bags export order worth Rs. 1,122 cr
  • Subex allots over 1.86 crore shares upon bond conversion
  • RBI eases norms for accessing foreign loans
  • Defence & Aerosupply conclave begins in Hyderabad
  • States want NITI Aayog to be a knowledge disseminating body
  • Port at Thane Creek in 3 months
  • Miles to go for Essar, Rosneft deal
  • Aircel bullish on data, launches new packs

  • Cochin Shipyard IPO set to sail well
  • Listing norm breach may lead to freezing of promoter holding
  • Indian firms line up for Welspun’s green projects
  • Smallcap index outperform Sensex, midcap second straight month

Today’s Wealth Mantra !

“You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.”

– Peter Lynch

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Morning Business News Round up_October 06, 2015

Morning Business News :

  • Coal Digger: India Aims To Start Asia’s Biggest Coal Mine In 5 Yrs
  • Bob Investigating Rs 350-Crore Bill Discounting Fraud
  • Ageing Chinese Dragon Makes Way For India In Top Spot Among Ems
  • Private Equity Activity May Hit Record High In 2015
  • India, Lithuania Agree To Collaborate In Agriculture Sector
  • Govt To Spend Rs 70k Crore On 12 Major Ports: Gadkari
  • Government To Soon Decide Monetary Policy Committee Structure: Shaktikanta Das
  • Tax Collections To Fall 5-7% Short Of Target
  • Sebi Probes Jpmorgan’s Risk Assessment System

  • Indian GDP Predicted At 7.5% In 2015-16: World Bank
  • Germany Offers 2 Bn Euros For Clean Energy Corridor, Solar Projects
  • RBI Initiates Corrective Action On Indian Overseas Bank
  • US Scraps Discriminatory Outsourcing Fee On Indian Firms
  • Educomp Sells Entire Stake In Wiz Learn Technology
  • NMDC Cuts Iron Ore Price By 12% For October
  • ‘No Dumping Levy’ Between Provisional, Final Orders
  • Cabinet Monitoring Has Fast-Tracked Projects Worth $112 B, Says Minister
  • Crisil Downgrades Debt Worth Rs 2.4 Lakh Cr In H1 FY16
  • Gas Price Cut Will Hit Investments In New Reserves: Moody’s
  • India’s Poverty Rate Lowest Among Nations With Poor Population’
  • HDFC Home Loans Get Cheaper As Lender Cuts Benchmark Rate
  • Method Of Computing GDP Deflator Misleading: RBI
  • Sun Pharma Settles US Patent Litigation With Actavis Over Skin Care Drug
  • September Quarter Corporate Earnings May Disappoint
  • Sensex Ends 565 Points Up At 26,785, Nifty Settles At 8,119
  • Govt Raises Import Duty On Ghee, Butter To 40%
  • Black Money Disclosure: Govt Revises Amount Higher At Rs 4147 Cr
  • Motherson Sumi Expects Revenue Growth At CAGR Of 24-25% In Next 5 Years
  • Alstom Bags Lucknow Metro Contract Worth Rs 1,100 Crore

Morning Business News Round up_September 30, 2015

Morning Business News :

  • World Won’t Achieve Goals Without India: Bill Gates
  • Rate Cut Shows RBI Considering Growth Trends Subdued: Moody’s
  • India Need Not Worry About Glencore Troubles: Rajan
  • Govt May Invest Rs 3.3L Cr In Transmission Sector
  • EM Firms’ $18 Tn Debt Needs Careful Watching: IMF
  • Banks Will Have To Follow New Base Rate Calculation: Rajan
  • RBI Allows Fpis To Buy Up To 49% In Eveready
  • Finmin To Compile List Of Projects For Foreign Govts
  • India Up 16 Spots To 55th In Global Competitiveness
  • RBI’s 50 Bps Rate Cut Takes Bond Yields Near 26-Month Low
  • RBI Allows Corporates To Raise Up To $750 Mn Via Rupee Denominated Bonds Overseas
  • Power Grid Commissions First Power Transmission Express Highway
  • Renuka Sugar’s Brazilian Arm Applies For Bankruptcy Protection
  • Suzlon Completes Commissioning Of Wind Power Turnkey Project
  • Antrix Told To Pay Devas $672 Million
  • Rain Deficit Slips Back To 14% As Monsoon Resumes Withdrawal
  • SEBI Issues Final Norms For Commodity Derivatives Brokers
  • Idea Gets Shareholders Nod To Raise Up To Rs. 10,000 Cr
  • Imports To Help India Meet 70% Of Edible Oil Demand
  • Mfs Exposure To Software Stocks Hits All-Time High Of Rs 40,602 Crore
  • Jaitley Nudges Banks To Pass On Rate Cut Benefit To Borrowers
  • Rupee Closes Stronger Against US Dollar At 65.96 After RBI Policy
  • Reserve Bank Shifts Focus From Inflation To Growth
  • Steel Producers Likely To Hike Prices By Up To Rs 1,500/Tonne
  • Govt Delays Implementation Of Bigger Tobacco Pack Warnings
  • Infogain To Buy IT Operations Of Blue Star Infotech
  • Sensex Closes 162 Points Up At 25,779 After RBI Rate Cut Lifts Sentiments, Nifty Settles At 7,843
  • Reserve Bank Of India Lowers GDP Forecast For FY16 To 7.4%

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  • Sun Pharmaceutical Makes Tender Offer To Acquire Insite Vision
  • Households Expect Inflation To Stay In Double Digits: Survey
  • US Welcomes Diaspora Role In India’s Development: Obama
  • Govt To Review Interest Rate On Small Saving Schemes
  • Chidambaram Welcomes RBI Rate Cut Of 0.5%
  • Hindustan Motors Misses Interest On Debentures
  • RBI Rate Cut To Benefit Housing, Auto, FMCG Sectors
  • FPI Investment Limit In G-Sec Hiked To 5% Of Outstanding Stock

Morning Business News Round up_September 04, 2015

Morning Business News :

  • India Will Continue To Outperform Peers: Atsi Sheth, Moody’s
  • India Loses Rs 2 Tn Annually To Corrosion Of Infra
  • Shrinking US Trade Gap Shows Economy’s Strength
  • RBI’s New Base Rate Norms To Hit Bank Profitability: Crisil
  • Decline In Exports “Pulled Down” GDP Growth By 3%: FIEO
  • IREDA Plans To Raise Rs 600 Cr Via Tax-Free Bonds
  • Cipla Set To Buy Hetero’s US Ops For $550 Million
  • Airlines Drag Govt To Court Over Ground-Handling Fiat
  • Govt To Give Priority To Infra Development: Nirmala
  • UAE Government Keen To Invest In India
  • RBI Will Consider Deflation While Deciding Interest Rates: Jayant Sinha
  • CBDT Asks Officials Not To Pursue Pending MAT Cases
  • Pre-Payment Issuers Petition RBI On Payments Bank Licence Issue
  • Novartis Makes History With US Launch Of Biosimilar Drug
  • Goa Iron Ore Miners Grapple With High Taxation, Lower Ore Prices
  • NSE Enters Into Mou With Stock Exchange Of Mauritius

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  • IRB Infra In Pact With NHAI For Rs. 2,650 Cr Road Project
  • Hero Cycles Bags Order For 7.5 Lakh Bicycles From West Bengal
  • Corp Bond Private Placement Hits 4-Month High At Rs. 46K Cr
  • Hedge Funds Adopt A Go-Slow Approach On Indian Start-Ups
  • NPS Managers Can Actively Manage Equity Funds: PFRDA
  • India’s Economy Will Achieve 8-8.5% Growth Rate: Pranab Mukherjee
  • RIL, ONGC Face 14% Cut In Natural Gas Price
  • Suzuki Chairman Tells Indian Vendors To Stop Investing In Hotels, Leisure
  • Coal Ministry Seeks Exemption From Forest Clearances
  • Sensex Snaps 3-Day Losing Streak, Closes 311 Points Up, Nifty Settles Above 7,800
  • Empower Retail Investor To Curb Mis-Selling: Panel
  • Green Fund To Transform 96,000 Km Nhs Into Green Corridor
  • Swiss Banks Moving ‘Full Speed’ On Automatic Tax Info Exchange
  • Govt To Pay State Traders Rs 113 Cr For Import Losses
  • Govt To Invest Rs 8.5 Lakh Cr In Railway

 

Morning Business News Round up_September 01, 2015

Morning Business News :

  • GDP Growth Dips To 7% In Apr-June: Experts’ Take
  • July Core Industries Growth Slows To 3-Month Low
  • RBI Identifies SBI And ICICI Bank As Systemically Important Banks In India
  • August Records Monsoon Deficiency Of 22%
  • Govt Allows RIL To Sell LPG To Private Marketers
  • Oil Falls Back Below $49 As Glut, China Concerns Weigh
  • CBDT Issue Guidance Notes On FATCA Implementation
  • Investors Turn Wary Over Jpmorgan Redemption Cap
  • India Inc Borrows Less Via Ecbs Due To Volatile Rupee
  • April-July Fiscal Deficit At 69% Of Annual Target
  • Suzuki Motor To Buy Back Volkswagen Stake As Court Settles Feud

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  • Petrol Price Cut By Rs 2/Ltr; Diesel By Rs 0.50
  • Govt To Soon Allot 62 Offshore Mineral Blocks For Mining
  • HDFC Bank Cuts Base Rate To 9.35%
  • Axis Bank Cuts Deposit Rates By 50 Bps
  • August Sees Highest Monthly FII Outflow Ever
  • India Pitches For Rating Upgrade By S&P On Strong Macroeconomic Data
  • Liquidity Enhancement Schemes For Etfs From Sept 15
  • One Month To Go For US Deadline On ICD-10 Medical Coding System
  • Godrej Makes Open Offer To Buy 26% More In Astec Life At Rs. 246.6/Share
  • Strides Completes Acquisition Of Aspen’s Generic Biz In Australia
  • PSU Banks Must Use Govt Capital To Expand Balance Sheets: RBI Official
  • Sebi Wants MF Players To Be Prudent While Putting Money In Corporate Bonds
  • DII Investment In Stocks In August Highest In Over Six Years
  • JSW Energy In Talks To Recastrs.6,000 Crore Debt Under 5/25 Scheme
  • Punj Lloyd Wins Rs1,094 Crore Contract From Indian Oil
  • ITC To Enter Dairy Market With Ghee
  • Sensex Ends 109 Points Down At 26,283, Nifty Closes Below 8,000;
  • Analysts Slash BSE Sensex, NSE Nifty Targets Citing Earnings Recovery Delay
  • Japan Factory Output Turns Down In July As China Demand Slumps
  • US Extends Anti-Dumping Duty On Indian Preserved Mushrooms For Five Years
  • Hope RBI Takes Note Of Low Inflation, Oil Prices: Jaitley
  • L&T Wins Rs 1.5k Cr Water Supply Project
  • Govt Plans To Amend RBI Act By Feb To Set Up Monetary Panel
  • Reliance Group To Expand Business Cooperation With Qatar