Tag: L&T

Morning Business News Round up_January 05, 2016

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Morning Business News :

  • China Selloff Sparks Gloomy 2016 Start For Global Stocks
  • Brent Oil May Touch $30, Commodities May Fall 10%
  • Saudi Arabia To Cut Flights With Iran, Ban Visits
  • Us Manufacturing Activity Slumps In December
  • Religare Downgrades Icici Bank, Sbi And Axis Bank
  • Farmers Seek Rs 5 Lakh Loan At 4%, Higher Support Price
  • Rupee Tumbles To 2-Week Low At 66.61, Down 47 Paise
  • L&T Infotech Gets Sebi Clearance For Rs 2,000-Cr Ipo
  • Govt Proposes Steep Fee Hike For Drugs Licences
  • Oil Prices Rise After Saudi Arabia Cuts Ties With Iran
  • Work On $1-Bn Chinese Industrial Park In Sanand To Begin Soon
  • Ap To Seek Investments Worth Rs 4 Lakh Cr At Partnership Summit
  • 4-20% Reduction In Launch Prices Of Residential Projects In 2015
  • Irb Infra Bags Rs 10,000-Cr, Punj Lloyd Rs 1,555-Cr Projects From Govt
  • Ril Row Apart, Oil Price Plays A Spoiler In Ongc’s Kg Plans
  • Manufacturing Pmi Slips To 27-Month Low Of 49.1 In December
  • Yashwant Sinha Defies Party Line, Attacks Centre Over Foreign Policy
  • Diesel Back On Apex Court’s Radar As Auto Sector Fumes
  • Agriculturists Seek Dbt For Fertiliser Subsidy
  • China Halts Stock Trading After 7% Rout Triggers Circuit Breaker
  • Rbi Imposes Rs1 Crore Penalty On State Bank Of Travancore
  • Sdr Will Defer Recognition Of Rs1.5 Trillion Worth Npas
  • Paytm Acquires Shifu For $8 Million

  • Sterlite Grid Completes 200km Transmission Project In Rajasthan
  • Auto Makers Move Supreme Court Over Pollution Order
  • Sensex Ends 537 Points Down As China Markets Plunge 7%, Nse Nifty Settles Below 7,800
  • India Inc’s Merger And Acquisition Deal Tally Dips 31% To $23 Bn In 2015
  • Fir Against Snapdeal For Flouting Maggi Noodles Ban
  • Retail Inflation For Farm, Rural Workers Ticks Up In November
  • Bse-Listed Firms’ M-Cap Slips Below Rs 100-Tn Mark
  • 5% Ethanol Blending Set To Be Achieved By September
  • Centre Mulls Law For Greater Flexibility To Retailers, Malls
  • Cci To Publish Compendium Of Anti-Trust Orders; Floats Eoi
  • In Wipro Rejig, Kurien Becomes Exec Vc, Neemuchwala Ceo

Today’s Wealth Mantra !

“All intelligent investing is value investing — acquiring more that you are paying for. You must value the business in order to value the stock.”

– Charlie Munger

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Morning Business News Round up_November 27, 2015

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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_October 20, 2015

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Morning Business News :

  • S&P Retains India’s Rating At BBB-, Rules Out Upgrade
  • Govt Hikes Import Duty On Wheat To 25% From 10%
  • Govt To Import 3k Tonnes Of Pulses To Contain Prices
  • Dot May Conduct Audit Of Telcos From 2008 Onwards
  • R Rajan Slams IMF For ‘Applauding’ Easy Money Policies
  • Care Ratings Lowers India’s GDP Forecast To 7.5-7.6% In FY16
  • Tata Comm Eyes Acquisitions To Improve Product
  • Walmart Paid Millions In Bribes In India: WSJ

  • RBI To Provide More Bank Licences, Says Mundra
  • Maggi Manufacture, Sale Allowed In Karnataka
  • Power Ministry Proposes Compensation At 85% Of Land Value For Tower Base Area
  • Indigo To Retire Rs 1,166 Cr Debt From IPO Proceeds
  • Infosys To Acquire US-Based Noah Consulting For $70 Mn
  • Telangana Government, Cement Firms In Talks Over Supply Pricing
  • Gujarat Lifts Ban On Sale Of Maggi
  • PFRDA To Seek Tax Exemption For NPS At Withdrawal Stage
  • HCL Technologies Q1 Net Profit Dips 2.7% To Rs. 1,823 Cr
  • L&T Supplies First Parts Of Cryostat For ITER Facility
  • Reliance Jio Likely To Delay Its December Pan-India Launch
  • Indigo IPO To Hit The Market On 27 October
  • Square Yards Acquires Creative Design Studio Oryden Tech Labs
  • Morgan Stanley Profit Plunges 42% As Trading Revenue Slumps
  • PNB Housing Finance Plans Rs2,500 Crore IPO
  • Sensex Gains For Third Day, Nifty Closes At 8,275; Reliance Industries Surges 5.5%
  • Ultratech Q2 Net Up 3%, Expects Demand To Pick In H2 FY16
  • Middle East Set To Become World Leader In Internet Devices
  • Coal Imports Decline By 27% To 12.6 Million Tonnes In September
  • Options Get Boost As Stakes Increase In Derivatives
  • REC Plans To Garner Rs 700 Cr Via Tax-Free Bonds
  • India At Rock Bottom In Global Pension Index
  • Pimco Assets Stabilize A Year After Bill Gross’s Surprise Exit
  • IBM Revenue Missed Even The Most Pessimistic Estimates

 

Morning Business News Round up_October 16, 2015

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Morning Business News :

  • Anil And Mukesh Ambani Bond Over Airwaves
  • Govt Plans Ways To Share Free Data With Public
  • RBI To Take Stock Of Banks’ Asset Quality: Rajan
  • Global Economic Slowdown In Real Danger Of Persisting
  • No Significant Improvement In Call Drop Issue: Trai

03_TRAI

  • September Trade Deficit Drops To $10.5 Billion; Exports Decline By 24.33%
  • Alibaba Gets CCI Nod For Acquiring 4.14% Of Snapdeal

  • Malaysia Pitches $30 Bn For Townships And Housing
  • Focus On Nine More Banks Over Money Laundering Issue
  • Sahara Owns Much More Than Grosvenor House
  • Forex Scam: 7 More Banks Under ED Scanner; 1 Arrested
  • Oil Companies Increase Diesel Prices By 95 Paise/ Litre
  • Finmin Open To A Vodafone Compromise Offer
  • Aurobindo Pharma Gets USFDA Nod For Alzheimer’s Treatment Drug
  • Sebi Moves SC Against DLF’s Plan To Raise Money
  • Adani’s $7-B Australian Coal Project Gets Green Light, Again
  • Coal Ministry Asks States To Expedite Clearances For Auctioned Mines
  • Don’t Dilute ‘Fit & Proper’ Norm For Stock Exchanges: Experts
  • Regulator Orders Encashing 25% Of GAIL’s Bank Guarantee
  • Textile Sector Urges Govt To Take Steps To Boost Exports
  • Business Optimism Index For Q4 Down 4.1%: D&B Report
  • L&T To List Five Road Assets Via Infra Investment Trust
  • Coffee Day Parent IPO Subscribed 73% On Day 2
  • Hathway Cable To Demerge Broadband Business
  • Mindtree’s Q2 Profit Rises 14.5% To Rs158.2 Crore
  • China Telecom Industry Restructure Pushes China Mobile Up
  • New Rules To Boost India Shipping Fleet; May Dent Foreign Shippers: Report
  • China’s Sany Group To Invest $3 Billion In Renewable Energy Sector In India
  • Indian Railways To Buy Electricity At Rs 3.69 Per Unit From Adani Power
  • RBI Expected To Cut Rates Just Once In Next 18 Months: Poll
  • Welspun India Forays Into E-Commerce With Online Store
  • WPI Deflation Bottoming Out; To Turn Positive From Q1 2016: Nomura
  • Investors See 30% Jump In Their MF Assets In One Year
  • Venture Capitalists Make Highest Investments In 2015
  • Rs 2,000 Cr Fund To Push Financial Inclusion
  • Finmin Denies Attempt To Stall FTIL, NSEL Merger
  • LIC Housing Fin Sep Net Profit Climbs 21% To Rs 412 Crore
  • Karur Vysya Bank Q2 Profit Surges 57% To Rs 142 Cr

Morning Business News Round up_September 24, 2015

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Morning Business News :

  • CIL May Revise Rs 60K-Cr Capex: Coal India Chief
  • China, Europe & US Data Show Bleak Growth Outlook
  • Record Response To NTPC’s Tax-Free Bonds At Rs 4,400 Crore Subscription
  • Need To Infuse More Capital Into Arcs : Ind-Ra
  • Fitch Threatens To Downgrade Volkswagen Over Pollution Scandal
  • No Progress For Business In China Without Reform, Says Xi
  • RBI Eases Overseas Borrowing Rules For Domestic Companies
  • L&T To Sell Assets, Dilute Stake In Non-Core Businesses
  • Small Banks In Rs 4,000-Cr Fix To Raise Domestic Funds
  • Rural Electrification Corp To Extend Rs 9K Cr Loan To Andhra
  • Iran Has Offered Natural Gas To India At $2.95 Per Unit For Urea Plant, Says Gadkari
  • Flipkart Confirms Valuation At $15.2 Billion

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  • Rating Slashed To Default For GMR’s Road Project
  • IEX Stake: Financial Tech To Shed More To Five Buyers
  • Sterlite Technologies Acquires Elitecore Technologies
  • No Need For Regulating Algo Now: Jhunjhunwala
  • CCI To Conduct Survey On Healthcare Sector
  • Pfizer To Sell Vintage Thane Plant To Vidhi Research For Rs. 178 Crore
  • Nestle Signs Deal With Biotech Firm To Develop Alzheimer’s Test
  • India’s Spending On IT May Rise Over 5% To $6.88 Bn This Year: Gartner
  • Govt Panel Finds No Evidence Of Data Manipulation At GVK Biosciences
  • Lenders Take Over Visa Steel Under SDR Rules
  • Etihad To Buy Bonds To Help Jet Airways Recast Debt
  • L&T Opts Out Of GAIL Tender To Build LNG Carriers Locally
  • Apollo International, Lycos Form E-Commerce JV
  • Sensex Closes 171 Points Up On Value Buying, Nifty Settles At 7,846
  • China’s Pain Can’t Be India’s Gain: Chinese Media
  • Monsoon Deficiency Has Dropped By 3 Per Cent:
  • Pharma Companies Growth May Remain Moderate In Q2
  • Ajanta Pharma To Replace Aditya Birla Nuvo On Nifty Midcap 50
  • TRAI To Firm Up Position On Net Neutrality Soon major Stock/Sector News In Focus
  • Credit Agricole Now Sees RBI 25 Bps Rate Cut In Sept.
  • Monsoon Rainfall 12% Below Normal Since June 1
  • German Chancellor Angela Merkel To Visit India Next Week
  • Aban Offshore Plans To Shed Debt By 10 Percent Every Year
  • C&C Constructions Wins $141.3m Oman Road Contract
  • Elder Pharma To Consider Sale Of Overseas Subsidiaries Sept. 28
  • Gammon Infra To Seek Shareholders Approval For Divestment In Units
  • Hinduja Ventures Enters Business Of Set-Top Box Distribution
  • Kanpur Plastipack To Set Up Greenfield Project For 619.1m Rupees
  • Manappuram Finance Settles Trading Irregularity Investigation W/ Sebi
  • NDTV Court Stays Tax Dept Order W/ Conditions

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  • Orient Green Power Raises Rs 250 Crore Through Preferential Issue To Promoters
  • Pantaloons Fashions Court Allows Using ‘Urban Eagle’ Brand
  • Power Grid Approves 1.33b-Rupee North Eastern Investment Plan
  • Rcom Set To Exit From Tower Business
  • Shriram Transport Had 7.5b Rupees Of Bonds Change Hands
  • Vedanta Cut 4,000 Jobs Since Jan.
  • L&T Plans Township In Bengaluru To Monetise Land Parcel

Morning Business News Round up_August 26, 2015

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Morning Business News :

  • No Basis For Continued Yuan Downturn: China Premier
  • Global Market Turmoil A Big Opportunity To Grow: FM
  • Government To Infuse Rs 5,393 Crore In SBI
  • Majority In RBI’s Advisory Panel Favoured Rate Cut In August
  • ONGC Seeks Extension To Explore Vietnam Oil Block
  • Govt To Name ‘Systemically Important’ Banks Soon: RBI
  • Cabinet Note Moved On Monetary Policy Panel
  • China Cuts Rates, Reserve Ratio After Stocks Plummet Again
  • Government Pushes For GST But Gets Little Comfort
  • Rana Kapoor Gets Fresh 3-Year Term As Yes Bank Chief
  • India In Strong Position To Overtake Chinese Quicker: Subramanian Swamy
  • Bosch & Siemens Aims To Consolidate In India
  • L&T Wins Orders Worth Rs 1,563 Cr In July & August
  • Japan Ready To Act If Needed To Quell Market Swings
  • NSE Harnesses Wind Energy For Captive Power Usage
  • China Says Will Crack Down On Underground Banks, Stem Capital Flight
  • US Envoy Calls For Joint Efforts To Ensure Food Security
  • MCX Inks Pact With GIFT City To Set Up Intl Exchange
  • Sadbhav Infrastructure IPO Opens On Aug 31
  • Global Stocks, Dollar Rise After China Cuts Rates
  • India Ranks 9th In Brookings Financial Inclusion Scorecard
  • Home Sizes Shrink In Urban India; Mumbai Sees 26.4% Fall In 5 Years
  • Debt-Laden Companies Sink In The Turmoil
  • Jain Irrigation To Sell Food Unit To Its Subsidiary
  • PNB, IDBI Not To Sell Bad Loans To Arcs
  • Sensex Snaps 3-Day Losing Streak, Closes 291 Points Up
  • Global Economy Not At Risk Of Recession Despite China Weakness: Goldman Sachs
  • SBI Chief Does Payment Banks U-Turn, Sees ‘Opportunity’
  • ITC Denies Receiving Notice From UP Government On Excess Lead In Yippee Noodles
  • Britain To Crack Down On Illegal Working By Migrants
  • RBI Rate Cut Hinges On Yuan Devaluation, Fed Action
  • Stock Rout Costs China’s Richest Man $3.6b In One Day

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