Tag: Infosys

Retail news Round Up_Feb 23,2016

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Retail News :

  • Patanjali Ayurved injects new life into herbal market, helps rivals sell more personal care products
  • Paytm plans to launch ecommerce platform for luxury products; ropes in Gucci, Furla and Burberry
  • World Bank arm IFC eyes Rs 170-crore investment in Lenskart
  • Infosys, TCS, Others vie for Paytms Rs 125-crore IT deal for bank foray
  • Amazon quietly launched 7 fashion brands while ramping up hiring for its own clothing line
  • Flipkart sees 400% increase in sale of household items over weekend
  • PC Jeweller acquires WGC’s bridal gold jewellery brand ‘AZVA’

  • Tesco Bengaluru Aims to Connect More Deeply with UK Team: Alison Horner, chief people officer,Tesco Bengaluru
  • Consumers have a new mentality that is helping Coca-Cola and Pepsi pull of the ‘greatest marketing trick of the century’
  • Apple urges govt to form commission on encryption issues
  • Godrej, Videocon launch premium model ACs to tap market demand
  • Blue star to invest Rs 215 crore in 3-4 years
  • E-pharmacy startups bag early investors
  • Govt Announces Digital Market Place For Farmers; Wants To Revolutionize Agriculture Using #DigitalIndia
  • Joister Infomedia to Offer Free WiFi at All Railway Stations in Maharashtra

 

“When you take risks you learn that there will be times when you succeed and there will be times when you fail, and both are equally important.” 
-Ellen DeGeneres

 

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Today’s M & A Deals_Feb 01,2016

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M & A Deals :

  • Dr Agarwal’s Healthcare gets $45M funding from ADV Partners
  • NSPIRA raises $60M from Olympus Capital, CX Partners’ mezz fund, others
  • TeamLease fixes IPO price band; eyes over $200M valuation
  • FreshMenu secures $17M in Series B funding led by Zodius
  • Buildzar raises $4M in pre-Series A from Puneet Dalmia
  • Used cars marketplace Truebil gets $5M from Kalaari, others
  • Infosys to invest $4M in US-based Waterline Data Science
  • Enterprise-tech startup Applicate raises $1M in angel investment
  • Foxconn invests in home automation startup WiZN Systems
  • Ratan Tata invests in tea e-tailer Teabox
  • Info Edge puts $1.1M in mobile workforce tracker Rare Media
  • Paytm inks pact with Alibaba to enter US, China markets

 

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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Today’s M & A Deals_ Jan 29,2016

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M & A Deals :

  • Infosys to invest $4M in US-based Waterline Data Science
  • Foxconn invests in home automation startup WiZN Systems
  • Matchmaking app Aisle raises $183K in pre-Series A round
  • Qriyo raises $160K from UAE-based Idein
  • Crowdfunding startup BitGiving raises angel investment
  • Online gifting portal Giftxoxo acquires Actizone
  • Firstsource to buy Adventz Group’s BPO business for $12.6M
  • JustDoc gets seed funding from Mohandas Pai, InMobi co-founder, others

Today’s Wealth Mantra !

“ You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right-and that’s the only thing that makes you right.”

-Warren Buffett

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Morning Business News Round up_January 15, 2016

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Morning Business News :

  • Rupee Tumbles By 44 Paise To More Than 2-Year Low At 67.29
  • Gold Bond Tranche Opens On January 18, Other Scheme Nets In 500 Kg
  • CBI Unearths 553 Acre Land, 61 Offices In CP Owned By Pearl Group Owner Bhangoo
  • Indian-Origin Family Firm Eyes Tata Steel Scottish Plants
  • UN Downgrades India GDP Forecast For 2016 To 7.5% From 8.2%
  • New Policy Likely To Boost ‘Make In India’ By Allowing 100% Credit For Taxes Paid On Inputs
  • Union Budget 2016 On Feb 29
  • Japan Banks, Cos Ready To Invest In India’s Energy Sector
  • Govt To Set Up A New Department For Auto Sector
  • Sebi Contemplating Action Against Commodity Manipulators
  • Growth In Coal-Based Power Installed Capacity Down To 10.8%
  • Govt Task Force Recommends Stringent Rules For Online Pharmacies
  • Mkts Saddled With Rs 6,500-Cr Inflation Bonds
  • WPI Contraction Eases In December At (-)0.73%
  • Reliance Defence Buys Saab’s Stake In Pipavav

  • FIPB Clears 5 FDI Proposals Worth Rs. 6,050 Cr
  • Nepal Proposes Team To Review Pacts With India
  • Continued Selling Drags 17 Public Sector Banks To Fresh 52-Week Low Levels
  • Rcom Gets Nod From Bourses For Takeover Of Sistema JSFC’s India Biz
  • Infosys Beats Estimates With 6.6% Rise In Q3 Profit, Shares Jump Over 4.3%
  • ICICI Bank’s Mortgage Portfolio Crosses Rs1 Trillion
  • Saint-Gobain To Invest Rs1,000 Crore In Chennai Facility
  • SRL Diagnostics In Talks With Top PE Funds For 34% Stake Sale
  • Sebi Plans Additional Checks For Rating Firms
  • China Growth Concerns Pose Challenge For India: SEBI Chief
  • India’s Retail Market Can Touch $1,200 Bn By 2020
  • Sensex Ends 81 Pts Down In A Choppy Trade, Infosys Gains
  • Aadhaar ID World Bank Saving Govt About $1 Bn Per Annum
  • Federal Bank Sells Essar Oil Debt To Edelweiss
  • $45b Trade Deficit Tells Different Sino-Indian GDP Tale
  • JSPL Puts On Hold Selling Of Non-Core Assets, Expansion Plan
  • Modi Moots Industrial Cluster For Korean Firms
  • PFRDA Notifies New Pop Charges For NRI Accounts
  • World Bank Concerned Over Facebook’s Model Of Free Internet

Today’s Wealth Mantra !

“Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.”

– Warren Buffett

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Morning Business News Round up_December 29, 2015

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Morning Business News :

  • Blackstone, Birla Corp and Baring Asia enter final lap in race for Reliance’s cement biz
  • Saudi Arabia posts $98 bn budget deficit in 2015
  • Infosys sets up 6.6 MW solar plant in Telangana
  • Oil companies to set up largest refinery in M’rashtra
  • China to replace business tax with VAT for industry
  • Citigroup raises stake in L&T Finance to 7.56%
  • MTNL to offer free roaming from Jan 1: Prasad
  • Sebi to clear decks for sale of MF via e-commerce platforms
  • Minimum import price, tariff barriers can curb steel imports
  • Raheja Corp buys 30 acres from Cabot for Rs 210 cr
  • IOC gets regulator’s nod for Ennore LNG pipeline
  • PAN obligation to hit sales of Rs. 2-5 lakh jewellery
  • Bullion traders body launches World Silver Council
  • Lupin gets FDA nod for generic Femhrt tablets
  • MCX gold in short-term downtrend
  • Jaypee Cement gets approval for expansion of limestone mining capacity
  • India deal unlikely to secure Toshiba’s lofty nuclear plans
  • Snapdeal to invest in logistics to speed up delivery

  • Hybrid debt-oriented funds do not qualify to be equity funds
  • Gautam Adani’s son Karan Adani takes over as CEO of Adani Ports
  • PACL moves Delhi HC for stay of Sebi’s recovery order
  • Reserve Bank of India releases report on financial inclusion
  • Sensex rallies 195 points to close at 26,034, Nifty settles above 7,920
  • Reliance Capital acquires 6.82 pct stake in Saregama India
  • Tax payers earning over Rs 10L/yr not to get subsidised LPG
  • Focus on last mile delivery for inclusion: RBI panel to banks
  • Sebi set to inspect all commodity bourses
  • Fertiliser sector eyes over 2-MT output growth in 2016
  • Govt relaxes guidelines for small, isolated gas fields
  • Amway India’s first manufacturing plant goes on stream
  • PMO joins Sebi chairman’s search panel, FM kept out

Today’s Wealth Mantra !

“Things you like to do should be a hobby of yours, but the things world does should be a business of yours.”

– Warren Buffett

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Retail News Round Up_Dec 16,2015

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Retail News :

  • Myntra plans roadshows in US, Europe to lure global fashion brands
  • Food regulator FSSAI proposes tougher regulations for food importers
  • Snapdeal launches multi-lingual mobile interface in Hindi and Telugu
  • BigBasket plans to use electric cars to deliver products in Delhi
  • Amazon leads 150cr fund infusion in local services startup Housejoy
  • Gujarat spice maker Ramdev Food Products set to foray into snacks business

  • With an eye on customer base, GoZefo to now offer guaranteed buyback option
  • Tata Group set to crowdsource ideas for new watches, maybe even cars
  • Odd-Even Formula Inspires Uber To Launch Car Pooling Service In New Delhi & Aims To Tap 27 Lakh Private Cars
  • Sony LIV to offer carrier billing in partnership with Fortumo
  • Micromax To Invest Rs 300 Crore And Set Up New Manufacturing Units In India #MakeInIndia
  • India’s Centralized Monitoring System will launch before end of March 2016
  • Infosys invests $3M in wearables technology firm Whoop

 

Today’s Wealth Mantra !

“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.”

-George Soros

 

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Today’s M & A Deals_Dec 15,2015

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M & A Deals :

  • OPIC commits $625M to South Asia related PE, VC funds
  • Sun Pharma to sell one US plant to Nostrum
  • Singh brothers to merge listed health tech firm with investment firm
  • Alibaba to buy South China Morning Post for $266M
  • Dil Mil raises funding from Saavn founder
  • Amazon overtakes Flipkart as most visited Indian e-com site
  • CapriCoast raises $3.5M in Series A funding from Accel Partners, others
  • Infosys to invest $3M in wearable tech startup WHOOP
  • Mahindra to buy Italian car designer Pininfarina
  • Gour Gupta picks up majority stake in Clear Channel Mudra
  • Sequoia trims stake, Nalanda buys more of Just Dial
  • Online marketplace for private jets JetSetGo raises $1.9M

 

Today’s Wealth Mantra !

“Mutual funds give people the sense that they’re investing with the big boys and that they’re really not at a disadvantage entering the stock market.”

 

-Ron Chernow

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Morning Business News Round up_December 15, 2015

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Morning Business News :

  • Eicher, Havells, Patni Back Trifecta Capital’s Fund
  • Fiis Rs 6K-Cr Nifty Shorts May Fire Up Markets Again
  • Blackstone Raises $18 Billion For Global Buyout Fund
  • Fed Rate Hike Wrong Move For Emerging Economies
  • RBI Denies Rumours Of Scribbles Notes Being Refused
  • Rjio 4G Peaked 70 Mbps In Trials: Credit Suisse
  • Govt To Auction 28 Oil, Gas Blocks Off Mumbai
  • Retail Inflation At 5.41% In November
  • Rupee Cracks Below 67 Mark To Hit 27-Month Low
  • WPI Inflation At -1.99% For 13th Straight Month In Nov
  • Fitch Retains India’s Rating, Says Growth Will Continue
  • Tech Mahindra, M&M To Acquire Italian Design Firm Pininfarina
  • RBI, Bank Heads Discuss Cleansing Of Lender Books
  • Jaitley Holds Talks With Congress Leaders On GST Bill
  • India Moves Up 5 Places In Human Development Index Rank To 130
  • Centre Receives Just 17 Smart City Proposals A Day Before Deadline
  • FTIL Case: Madras HC Gives 3 More Months For CLB To Complete Hearing
  • Essar Oil’s Delisting Begins; Floor Price: Rs.146.05/Share
  • Sun Pharma Sells Ohio Facility To Nostrum Laboratories
  • IOC To Invest Rs1.75 Trillion In Expansion Projects
  • Infosys Invests $3 Million In US-Based Wearables Start-Up Whoop

  • FDI In Insurance A Hit, But Pension Sector Still Struggling
  • Natco Settles Patent Case With Gilead, Others Over Tamiflu; Shares Rise
  • Sensex Ends 106 Points Up At 25,150 In A Volatile Trade; Nifty Settles At 7,650
  • Reliance Communication’s Deal To Sell Towers Will Lower Its Debt By 60%: CLSA
  • Sebi Attaches PACL Assets Over Failure To Refund Rs 60,000 Cr
  • Nissan And Datsun Cars In India To Get Pricier By Up To 3 Per Cent
  • PSU Banks To Get Additional Rs 5,000 Crore In March
  • Centre Readies Direct Subsidy Plan For Farmers
  • Hot Money Loses Steam: FPI Inflows Into Stocks Dip Below $3b
  • Indian Leather Products To Be Showcased In Dubai
  • Asia Index Launches Four Indices To Track Non-Market Factors

Today’s Wealth Mantra !

“Mutual funds give people the sense that they’re investing with the big boys and that they’re really not at a disadvantage entering the stock market.”

-Ron Chernow

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Today’s M & A Deals_Dec 10,2015

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M & A Deals :

  • Logistics startup BlackBuck raises $25M from Tiger Global, others
  • Analytics trainer Jigsaw Academy gets $3M from Manipal Global Education
  • Personal assistant app Joe Hukum secures seed funding
  • Social networking app VoxWeb raises $350K
  • Chandigarh Angels Network invests in JumboBasket
  • Naren Shaam’s GoEuro raises $45M from Goldman Sachs, others
  • Infosys invests $4M in Israeli startup CloudEndure
  • Fairfax raises stake in IIFL Holdings to 32.72% for about $200M

Infosys
 

Today’s Wealth Mantra !

” Successful investing means knowing when to buy, when to sell and when to rent”

-Warren Buffett.

 

 

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Morning Business News Round up_December 10, 2015

beelineadmin

Morning Business News :

  • Big Japanese Manufacturers’ Sentiment Worsens In Q4
  • Aurobindo Gets Usfda Nod To Market Heart Disease Drug
  • Jain Irrigation Bags Rs 2.2-Billion Contract From Tanzania
  • Bbb Likely To Be Set Up For Creating Holding Company Model
  • Neobiocon Partners Novartis To Launch Diabetes Drugs In Uae
  • Consumer Court Wants More Tests On Nestle’s Maggi
  • Baidyanath To Make Fmcg Foray With Cosmetics, Wellness Products
  • Mcdonald’s Ramping Up Its Brand Extension Business In India
  • Magna International Opens Two Factories In Sanand, Sees Strong Growth In India
  • Customer Verification Penalty On Telcos At Rs 2,513 Crore
  • Reliance Jio May Look To Buy Smaller Telecom Companies For More Wavelength
  • Ground Breaking Of Tapi Gas Pipeline On Sunday
  • Rbi Ready To Intervene In Exchange-Traded Currency Derivatives Segment
  • Developed Markets Beat Emerging Markets For Third Year In A Row
  • VW Says Co2 Emissions Scandal Not As Bad As Feared

  • Bharat Forge Enters Aerospace Sector, Signs Four Contracts
  • Infosys Buys Minority Stake In Cloud Endure For $4 Million
  • Hyundai To Hike Vehicle Prices By Up To Rs30,000 From January
  • Shortage Of Drug Inspectors Hitting Pharma Exports: Report
  • High Port Valuations Not Sustainable, Says Adani Scion
  • Rinfra Wants To Spruce Up Railway Stations
  • Wai Wai Noodle Brand In Expansion Mode
  • Tvs Motor, Bajaj Auto, Yamaha To Offer Free Service Camps
  • Cellphone-Maker Hitech Eyes ₹500-Cr Turnover In 2 Years
  • Industries Need To Adhere To Rules, Regulations’
  • Only 10 Smart Cities May Get Funds From Centre This Year
  • Microsoft To Incubate 500 Start-Ups In 5 Yrs
  • Bpo Policy For Small Towns Sparks Huge Interest
  • Dow-Dupont Merger To Create Rs 11,600-Crore Chemical Giant In India
  • House Prices Down 15-20% In 18 Months, Say Developers
  • China’s Outbound Investment Jumps, Catching Up With Fdi
  • Implementation Is The Key In ‘Housing For All’ Scheme
  • Airbus To Increase India Sourcing To $2 Billion By 2020

Today’s Wealth Mantra !

” Successful investing means knowing when to buy, when to sell and when to rent”

-Warren Buffett.

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