Morning Business News Round Up_ Dec 31, 2018

Morning Business News :

  • Banks recover Rs 40,400 crore from defaulters: RBI
  • Reliance, BP get key ship on KG-D6 for gas output
  • Make enough financial allocations for farmers: Par Panel
  • Provision coverage ratio of PSU banks on the rise
  • 26 firms evince interest in special audit of telcos
  • Sebi plans to strengthen market surveillance system, data warehouse tool
  • Govt working on bringing untaxed sectors under tax net: Revenue Secy
  • Rs 3-trn NPA risk averted by completing highway projects in 2018: Gadkari
  • Jet Airways in talks with SBI for Rs 15 billion short-term loan: Report

Image result for jet airways

  • Cipla recalls 4,800 bottles of anti-HIV tablets from American market
  • MSTC mulls 10% fresh equity issue after govt plan to dilute 25% stake
  • India’s robust GDP growth to continue in 2019, says CII report
  • NTPC to set up 50-MW LNG project in Andaman
  • Committee to monitor DFI implementation soon
  • Govt seen going full throttle on labour reforms in 2019
  • Air India, Jet Airways see dip in domestic market share
  • Emerging markets seen bringing more pain to investors in 2019
  • Theresa May sets mid-January date for Brexit vote
  • Sebi expands OFS framework to all firms with Rs1,000 crore and above m-cap
  • RBI extends enhanced single borrower limit facility till March
  • RBI exploring mobile phone-based solution to help visually impaired identify banknotes
  • Niti Aayog’s new year focus: Pushing growth, implementation of govt’s reform measures
  • Petrol price cut to its lowest level in 2018, diesel rates at 9-month low
  • Govt proposes to invest Rs 1,227 cr through EDF
  • New NHAI norms may slow down project awards
  • Debt Waiver May Slow State Capex Growth
  • Re-audit of telcos’ books to begin in jan

Morning Business News Round up_Feb 08, 2016

Morning Business News :

  • Sebi Scans Facebook Accounts In Insider Trading Case
  • Iran Wants India To Pay Oil Dues Of Over $6 Bn Euros
  • Rs 1L-Cr Disbursed Under MUDRA Yojana: PM Modi
  • Maruti Suzuki Begins Baleno Shipments To Japan
  • ‘North Sea Could Lose 150 Oil Platforms Within 10 Yrs’
  • Nepal Urges India To Restore Oil And Gas Supply
  • China Forex Reserves Fall Almost $100 Bn, Lowest Since May 2012
  • Modi Stresses On 10% Cut In Crude Oil Imports By 2022
  • India Has Over 15 Lakh Registered Companies
  • PM Inaugurates Indian Oil’s Paradip Refinery
  • NSE Pitches For Self-Listing; Sebi Firm On Cross-Listing Rule
  • Top Carmakers Join Forces For Electric Vehicles
  • Centre Urged To Set Up Separate Ministry For Fisheries, Ocean Sector
  • IOC Commissions Rs. 34,555-Cr Paradip Refinery
  • Bajaj Capital Open To Selling Up To 26% Stake
  • Glenmark Introduces EMI Scheme For Cancer Treatment Drugs
  • India Seeks LPG Transit To North East Through Bangladesh
  • US, India In Talks To Settle Solar Power Trade Dispute
  • Blackstone, GIC, Others Eye DLF Promoters’ Stake In Rental Arm
  • Equity Mutual Funds Inflows In January Slowest In 20 Months
  • Jet Airways Q3 Profit Up To Its Highest Ever At Rs467 Crore

  • Govt Tightens Curbs On Steel Imports As Global Glut Hurts Mills
  • India Post To Invest Rs 322 Crore To Augment Parcel Capacity
  • Cairn India Wants Govt To Reduce Oil Cess Before Budget
  • Fpis Pour In Rs 2,500 Crore In Capital Mkts In A Week
  • RBI To Buy Back Inflation Indexed Bonds Maturing In 2023

Today’s Wealth Mantra !

“If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”

– George Soros


2015, Negative year for the Major asset classes !!!

2015, Negative year for the Major asset classes !!!

There is a famous saying in portfolio Management theory that “don’t keep your eggs in one basket” means diversification is necessary for the better returns. But the year 2015, couldn’t work as per this theory. After a 3 consecutive positive returns since 2012, 2015 couldn’t work as per the expectations of many bigwigs. Indian equity market started with solid gains and climbed to all time high at 9150 levels but finally lost all gains and closed in red. On the other side because of the positive US data and economic number Indian rupee hammered and closed near its year’s high. But the one asset which hammered the most in the year 2015 was Commodity. Gold, Silver, Metal and Energies plunged and touched their lowest levels in last 8 years.

The depth of losses in equities and commodities is nowhere near as bad as in 2008; the correlation of declines highlights the challenge for money managers who seek to amplify returns by rotating among assets. Coming to the real asset investments, in the last one year investors would have earned a better rate of return if they had invested in a fixed deposit. The only investment class that stood as per the expectations of few investors is Bond market. All credit goes to the falling crude and commodities price which helped the Indian Central bank to reduce the interest rates. Commodities have fallen to a decade low as tepid global inflation dimmed the allure of precious metals, weak Chinese demand hurt raw-materials prices and a global supply glut sent crude oil tumbling.

Even India currency couldn’t take the advantage of falling price of falling interest rate parity between US and India. A record $8 billion flew out of the economy because of the better and safer return from the US bond markets. Indian rupee fell by ~ 9% where Equities gave negative return of negative ~2.5%.

But the main question is , were the smart players were not so smart this year?? Let’s discuss few minor but major events that could have saved many investors. Starting with the Positive economic and former US Fed governor Ben Bernanke’s word “US is in better shape and we would thinking of raising rates when the US unemployment rate would fall till 5%”. Simple lines could have helped many players. This is obvious that US was going to raised rates till the December 2015. Other important words by the Saudi king “We have enough cash reserves” means they are reading to incur losses to combat US rising crude reserve or in a simple words WAR OF EGO’s. Last but the not the least, China’s ghost city that was built few years back. This could have helped in understanding Commodity crisis in advance.

But few investors would have gained stupendously in few Mid Caps companies like Jet Airways and Spice jet by just applying common sense that falling crude having these stocks have strong negative correlation.

Hence it’s time to say goodbye to the year 2015 and welcoming 2016 with an open armed.


We wish a very happy and wealthy  New year to all !!



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 29, 2015

Morning Business News :

  • India Among Top 10 In Total Individual Wealth Globally
  • Infy, Wipro, Hcl, Tcs Struggle To Meet Nasscom’s Target
  • Ongc To Start Cutting Costs As Oil Price Fall Hits Profit
  • Govts To Raise $22bn From Carbon Pricing In 2015
  • After Indigo’s Success, Goair Eyes Up To $150 Million Via IPO
  • Sun Recalls Over 10l Boxes Of Allergy Drug In Us
  • Carl Icahn Says Aig Should Split Into Three Cos
  • Amtek Auto Seeks To Sell German Unit Tekfor: Sources
  • Fed Sees ‘Moderate’ Pace Of Growth; Rates Unchanged
  • OVL To Double Africa Investments To $16 Bn In 3 Years
  • Diageo, Usl End Trademark Litigation On Black Label
  • Novartis’ Generic Drug Arm Gets USFDA Warning Letter For Two Plants In India
  • Hindustan Coca-Cola Takes Over Georgia Tea & Coffee Business In India

  • Defence Unit At Tata Steel Gopalpur Park To Start Production In Feb
  • Regulatory Reforms Can Lead To Substantial Benefits: Wb
  • India’s Chemical Industry Set To Touch $214 Bn By 2019
  • Textile Industry Appeals For Better Weightage To Domestic Market
  • Emco Board Nod For Dubai Arm Establishment
  • Tatas Join Uk Steel Industry To Petition Govt For Action
  • Govt Said To Mull Higher Foreign Investment Cap For State Banks
  • Indian Oil’s Paradip Refinery May Start Commercial Operations In March
  • Jet Airways Q2 Profit Rises 25% To Rs87.59 Crore On Lower Fuel Prices
  • Dabur India Q2 Profit Up 19% To Rs341 Crore
  • Syndicate Bank Q2 Profit Rises 5.3% To Rs332.37 Crore
  • Sensex Extends Losses For 3rd Day In A Row, Ends 214 Points Down, Nifty Settles At 8,171
  • Psu Disinvestment Nets 71% Of Total Fund Raising In Apr-Sept
  • Two Cci Members Order Fine On Jp Associates; Chairman, Others Overrule
  • Maruti Suzuki Baleno Gets Over 4,600 Bookings Within 2 Days
  • Arun Jaitley Must Revive Dtc, Reduce Income Tax Burden On Common Man
  • Wipro Bags 5-Yr Deal From Coop Norge Handel
  • Mf Investos Have To Give Info Under Fatca From Nov
  • REC’s Rs 700-Cr Tax-Free Bonds Oversubscribed
  • Future Generali To Raise Share In Health Segment
  • Indian Real Estate Has To Be Ready For Automation

Morning Business News Round up_September 23, 2015

Morning Business News :

  • Pacl Fined Rs 7,269 Cr For Illegally Raising Funds
  • $2.5 Bn Deal For Military Choppers Cleared
  • Dai-Ichi Plans To Raise Investment In Indian Venture
  • Engineering Exports Plunge On Slowdown In China Demand: Eepc
  • India Has Learnt To Live In Era Of Global Turmoils: Arun Jaitley
  • Regulator May End Supplier Monopoly In Piped Gas
  • Bse Monitoring Amtek; Seeks Reply On Bond Payment Default
  • Land Acquisition For Roads On Fast Track; 49% Projected
  • Govt To Withdraw Controversial Draft Encryption Policy After Backlash
  • Volkswagen Sets Aside $7.3 Billion Over Emissions Scandalmajor Stock/Sector

images (2)

  • Rajan Meets Jaitley Ahead Of Monetary Policy Meet
  • Reliance Sells 10% Stake Of Mobile Game Unit For $15 Mn
  • September Rain Brightens Prospects Of Kharif Output
  • Non-Regulated Power Players Oppose E-Auction Of Coal Linkages
  • Bengaluru Court Directs Britannia To Pay Pensioners Their Dues
  • Telcos Write To Trai, Oppose Compensation For Call Drops
  • Ntpc To Start Production From Allocated Mines In Phases
  • Federal Bank Bets Big On Network Expansion, Localised Services
  • Us May Not Give India Time To Lift Ban On Poultry Imports
  • Cyber Espionage Is More Than An Irritant, Must Stop: Us Tells China
  • Govt Should Rationalise Import Duty To Protect Tea Industry
  • Regulators Pave The Way For Better Fortunes On Road Projects
  • L&T Infrastructure Toll Project Downgraded On Payment Delays
  • Serum Institute Halts Stake Sale Talks With Funds
  • Ril-Appointed Arbitrator To Stay In Panna-Mukta Row
  • Reliance Games Sells 10% Stake In Zapak To Chinese Firm
  • Sensex Ends 541 Points On Global Markets Sell-Off, Nifty Settles At 7,812
  • Iisl To Rebrand Its Indices; Cnx Nifty To Be Renamed Nifty 50
  • Sushma Swaraj Woos Us Industry To Invest In India For Win-Win Outcome
  • Amtek Auto In Talks To Re-Align Debt Obligations
  • Fortis Health Founder Set To Give Up Executive Role
  • Irb Shareholders Approve Proposal To Sell Co. Undertaking
  • Jet Airways – Etihad Spv May Buy 7.38b Rupees Of Bonds

download (3)

  • Jindal Steel Long-Term Loan Rating Cut To A+ From Aa At Care
  • L&T Halol Shamlaji Tollway Defaults On 10.1b-Rupee Loan
  • Reliance Ind – Gennext, Ecorithm Announce India Partnership
  • Sambhaav Media Gets Letter Of Intent From Gujarat
  • Subex Allots 8.6m Shrs On Conversion Of Bonds
  • Sun Pharma Doesn’t Want Its Drug Used In Executions
  • Tara Jewels Signs Supply Agreement With U.S.-Based Sterling Jewellers
  • Tata Motors Drb-Hicom Unit To Sell 300 Tata Vehicles In Fy2016
  • Tech Mahindr Signs Agreement W/ Aaa Group
  • Tide Water Standard Greases Makes Open Offer For 26% At 16,632 Rupees/Shr
  • Ujaas Energy Gets Letter Of Intent For 658.8m-Rupee Contract
  • Lycos Internet, Apollo Group Introduce E-Commerce Initiative
  • Financial Tech: Amended Sher Purchase Pact W/ Iex Investors For Inr4.1b
  • Sterlite Tech To Acquire Software Company Elitecore At Inr1.8b Enterprise Value