Morning Business News Round up_December 29, 2015

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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Morning Business News Round up_December 24, 2015

Morning Business News :

  • Govt Mulls Tax Sops On Esops, VC Investments
  • Energy Sector Will Generate $250 Bn Investment
  • Govt Delays  Law, GST Deadlock Remains
  • Govt Says Closing In On Westinghouse Deal Worth $150 Bn To Build 6 Nuclear Reactors
  • OVL’s $1.26 Bn Vankor Buy To Be Signed Tomorrow
  • Essar Oil Gets Okay For Institutional Sell-Off; Time To Delist From Bourses
  • Sebi Panel Advises On Removing ‘Conflict Of Interest’ While Rating
  • Rajan Raises Concerns Over High Corporate Sector Vulnerabilities
  • Rcom Suspends Launch Of Free Basics Till TRAI’s Approval
  • World Bank Feelers To Part-Finance India Post’s Payments Bank
  • Indian Railways Signs Rs 500 Cr Pact With Coal India For Supply Of 2,000 Wagons
  • CBDT Issues MAT Order Pertains To Foreign Companies
  • Piramal Enterprises Buys 5 OTC Brands For Rs 92 Crore
  • Court Asks MCA To Decide On FTIL-NSEL Merger By Feb 15
  • Lupin Gets USFDA Nod To Market Potassium Chloride Capsules
  • Nalco Inks R&D Pact With Chalieco Of China
  • Idea Launches 4G Services In Five Southern States

  • Small Investors In Dark Over Sahara’s Latest Shadow Banking Schemes
  • Welspun Enterprises Divests 37% Stake In Dewas Bhopal Road Project
  • Boards Raise Scrutiny As Infosys And Wipro Bet Big On Start-Ups
  • Sensex Rebounds 259.65 Points, Nifty Ends At 7,866
  • DLF Gets Rs 1992 Cr From GIC From Stake Sale In 2 Projects
  • Npas Jump 50 Bps To 5.1% Between March And September Quarters: RBI
  • Dr Lal, Alkem Make Strong Debut On Bourses
  • SAIL To Soon Launch Rs 400-Crore Voluntary Retirement Scheme
  • Wipro To Acquire Viteos Group For $130m In Outsourcing Push
  • L&T Bags Orders Worth Rs 1,178 Crore In December
  • Over Rs 16k Cr Undisclosed Income Detected In 20 Months
  • Sebi Attachment Orders Up 5-Fold At 1,610 In FY15

Today’s Wealth Mantra !

“With the possible exception of things like box scores, race results, and stock market tabulations, there is no such thing as Objective Journalism. The phrase itself is a pompous contradiction in terms.”

-Hunter S. Thompson

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Morning Business News Round up_November 04, 2015

Morning Business News :

  • Investment Limit In Corp Bonds Likely To Hit Liquidity
  • Fin & Commerce Min At Odds Over Gold Import Duty
  • IOC Says Eyeing Stake In Russia’s Vankor Field
  • Boa Sells Money-Market Fund Business To Blackrock

  • Telcos Gear Up For Deals As Competition Heats Up
  • No New Offers Until Plans Are Merged: Sebi To Mfs
  • DLF Q2 Net Rises 21% To Rs 131 Cr
  • Price Of Pulses To Ease On Harvest, Action Against Hoarders: FM
  • Sundram Fasteners Sells Stake In German JV
  • GAIL Q2 Net Profit Down 66% At Rs 440 Cr
  • IRDAI Toughtens Norms For Global Reinsurers Opening India Branch Offices
  • RBI Fixes Gold Bonds Issue Price At Rs. 2,684 Per Gram
  • Assocham Pleads For Industry Status To Gems & Jewellery
  • Finance Minister Reviews Prices Of Essential Commodities
  • Dell Eyes $10 Billion Asset Sales Ahead Of EMC Merger
  • Over 40 % Of China’s Online Goods Shoddy, Counterfeit: Report
  • Cancer Genetics Targets India Acquisitions
  • Standard Chartered To Pare Commodity Business In India, China
  • ABB India Q3 Profit Up 30.6%, Misses Estimates
  • Tech Mahindra Q2 Profit Up 9% To Rs785 Crore
  • Chinese Scare Looms Over India’s Bulk Drug Industry
  • Moody’s Changes Indian Banking Sector Outlook To Stable From Negative
  • Banks Get Rs 2,500-Cr Share In Electrosteel
  • PM To Launch ‘India Gold Coin’, Other Schemes On Nov 5
  • Ratan Tata Invests In Telecom Carrier Sabse Technologies
  • Eyeing Cost Savings, Indian Oil To Double Pipeline Network
  • Mobile Equity Trading To Touch 15-16% Mark In 3 Years
  • Gamesa Bags 200mw Wind Power Order From Ostro Energy
  • EPFO To Act Tough With Employers Delaying Remittance
  • Lupin Gets FDA Nod For Generic Aricept Tablets
  • Cotton Growers Federation Expects Bumper Crop This Year