Morning Business News Round up_Feb 02, 2016

Morning Business News :

  • New Private Banks May Get 74% FDI From Start
  • RBI Makes Online Filing Of FDI Forms Must From Feb 8
  • Indian Growth Robust Powered By Domestic Engine, Says Nomura
  • Vietnam Lifts Ban On Groundnut Shipments From India
  • Govt Bans Zero Duty Import Of Capital Goods For Power Plants
  • Panel Suggests More Freedom For India Inc
  • Core Sector Output Recovers, Rises 0.9% In December
  • Tech Mahindra Q3 Net Drops 3% To Rs 759 Cr Q-O-Q
  • Wipro Picks Stake In Pune Startup Altizon Systems

  • USFDA Inspects 2 Units Of Aurobindo Pharma
  • Century Textiles To Consolidate Real Estate Units
  • Ipca Labs Gets FDA Warning For 3 Plants
  • Under-Recovery For PDS Kerosene To Be Rs. 5.11 A Litre In Feb
  • China Manufacturing Index Falls To Three-Year Low
  • Govt May Ask Banks For At Least $295 Million In Back-Taxes
  • Maruti Suzuki Domestic Sales Remain Flat In January
  • Petrol Price Cut By 4 Paise, Diesel Price By 3 Paise
  • Adani Enterprises Q3 Net Plunges 44% To Rs196 Crore
  • GAIL Plans To Import Ethane From US For $5 Bn Petrochem Plant
  • ATF Prices Cut By Sharp 12 Pc, Non-Subsidised LPG To Cost Less
  • Sensex Jan Fall Worst In 5 Yrs, Fiis Outflow Highest In 8 Yrs
  • SEBI Puts Ratnakar Bank DRHP Under On Temporary Suspension
  • Sensex Closes 46 Points Down Ahead Of RBI Policy Review
  • RBI May Hold Rates To Check Inflationary Pressures
  • Dr Reddy’s Gets Tentative Approval From USFDA For Zenavod
  • CBDT Signs Two Bilateral Apas With UK
  • Bhel Bags Rs 2.7k Cr Order For 800

Today’s Wealth Mantra !

“Successful investing professionals are disciplined and consistent and they think a great deal about what they do and how they do it.”

– Benjamin Graham

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Morning Business News Round up_January 19, 2016

Morning Business News :

  • Oil Producing Nations To Sell $240 Bn Assets
  • French President Declares Economic Emergency
  • Saudi Arabia Alarmed At Iran Sanctions Ending
  • China Seen Posting Slowest Economic Growth In 25 Years As Policy Risks Grow
  • India A Land Of Opportunities Among Brics Countries
  • Rbi To Buy Back Rs 10,000 Crore Worth Of Government Bonds
  • Sagar Cements In Talks To Buy Jp’s Andhra Cements
  • Ajay Piramal To Float Rs 6k-Cr Distressed Assets Fund
  • Budget 2016: Ippai Bats For Tax Incentives For Power Sector
  • Pcra, World Bank Conduct Fuel Conservation Study In Chennai
  • Govt Looks To Cap Trading Margin On Drugs At 35%
  • Govt Unlikely To Mobilise Rs 15,000 Cr From Gold Bond Scheme
  • Raghuram Rajan Urges Oz Firms To Invest In Indian Market
  • New Curbs On Agri-Commodities Won’t Impact Hedging: Sebi
  • Maruti Suzuki S-Cross Prices Reduced By Over Rs 2 Lakh In India

  • Wockhardt To Toe Us Fda Line On Shendra Unit
  • Opec Expects Decline In Supply From Non-Member Nations
  • Ts Utilities Enter Into Power Supply Pacts With Ntpc, Sccl
  • Trust Gap Widens To Record High Globally; 4th Highest In India
  • Ril, Rpower, Hcl Tech Results On Tuesday
  • Nalco To Send Team To Iran To Discuss $2 Bn Plant
  • Wipro Meets Estimates As Profit Rises Nearly 2%, But Margins Hit
  • Indian Firms Most Optimistic About Economic Recovery: Report
  • Reliance Jio To Raise Rs15,000 Crore Via Rights Issue
  • Kotak Mahindra Bank Q3 Profit Rises 36.56% To Rs634.7 Crore
  • Sc Issues Notice To Three Delhi Discoms Over Cag Audit Row
  • Reliance Jio, R-Com Sign Another Spectrum-Sharing Deal For Faster 4g Rollout
  • Govt Comes Out With Indian As For Banks, Insurance Firms
  • Mindtree To Buy Magnet 360 For $50 Mn
  • Sensex Falls 266 Points On Global Cues, Nifty Settles At 7,351

Today’s Wealth Mantra !

“Know what you own, and know why you own it.”

– Peter Lynch

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Morning Business News Round up_January 18, 2016

Morning Business News :

  • US To Pay Iran $1.7 Bn In Debt And Interest
  • India, EU Officials To Meet Tomorrow On FTA
  • Iran Nuclear Sanctions Lifted, India Can Now Import Oil Freely
  • Hydro Units May Come Under Renewable Energy Ambit
  • Centre Finds An Ally In New-Economy Companies
  • Industrial Recovery To Be Gradual, 2016 GDP Growth At 7.8%
  • Let Rupee Slide To Help Exports Remain Competitive
  • Railways To Manufacture Locos That Run On Diesel, Electricity
  • BSE Brings Institutional Investors Under Self-Trade Checks

  • Coal India Stake Sale May Be Deferred To Next Fiscal
  • Govt To Scan Ways To Ease Listing Norms For Start-Ups Further
  • Fpis Withdraw Rs. 3,483 Cr From Equity Market From Jan 1-15
  • Nbfcs Pitch For Parity With Banks On Tax Issues
  • FDI In Food Processing Sector May Go Up By 25%
  • IMF Resists A Return To Still-Struggling Greece
  • NGT Slaps Rs25 Crore Fine On Adani-Hazira Port, Cancels Environment Clearance
  • Aurobindo Pharma Gets USFDA Nod For Generic Tranexamic Acid Injection
  • United Spirits To Exit From Nepal Subsidiary
  • Air India Seeks Around Rs4,300 Crore From Govt For FY17
  • Sensex, Nifty May Jump 10-15% This Year; Large-Cap Stocks Safe Bet
  • ONGC Videsh Ltd Refinances $1.78 Bn Loan At Lower Coupon Rates
  • Govt To Bear Patent Cost, Relax Procurement Norms For Startups
  • Maruti Suzuki Hikes Car Prices By Up To Rs 12,000
  • Postal Dept To Open 1,000 Atms By March This Year
  • Cement Sector To Revive In About Three Years
  • Global Markets See Another Week Of Sharp Sell-Off
  • Revenue Growth May Remain Muted For Third Quarter
  • Coffee Exports Hit By Lower Production

Today’s Wealth Mantra !

“Bottoms in the investment world don’t end with four-year lows; they end with 10- or 15-year lows.”

– Jim Rogers

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Morning Business News Round up_December 14, 2015

Morning Business News :

  • Tata’s 80% profit comes from only 20% of group cos
  • Investors begin to warm up to National Pension System
  • Govt proposes AAR to help traders obtain advance ruling on GST
  • Railways may miss Rs 1 lakh-crore capex target: BofA-ML
  • Cairn India on course to roll out oil recovery plan
  • Government aims to raise Rs 3 lakh crore from fuel cess; to fund road schemes
  • India Inc garners over Rs 6 tn in 2015 from capital markets
  • India defends most red lines in Paris pact
  • Govt may fix minimum import price for steel products this week
  • Chhattisgarh plans mega paddy procurement from dry land
  • Foreign investors want govt to defer Coal India stake sale
  • Centre to control Bt cotton seed prices by fixing MRP
  • Maruti Suzuki gets favourable ruling on ad spend issue
  • India, Japan ink pacts on civil nuke, bullet train, defence cooperation
  • Cement companies get a reprieve as Tribunal quashes CCI penalty
  • Indo-US nuclear deal could be implemented in 2016
  • CCI seeks public scrutiny of Rs500-cr PVR-DT Cinemas deal
  • IOC to invest Rs1.75 trillion in expansion projects
  • Domestic mutual funds buy shares worth Rs69,000 crore
  • Market valuations of top 5 companies slump by Rs 47,445 cr
  • Sebi puts in place software testing norms for commodities market

  • FDI in services rises 20% to $1.46 bn in first half of FY16
  • Fed meet, inflation key drivers for mkts this week
  • Aero charges at small airports may go up by 45%
  • Crude to see further correction as Opec output remains strong
  • Rising acceptance of generics to boost pharma growth
  • Greece reaches deal to unlock further bailout funds

Today’s Wealth Mantra !

“Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.”

-Peter Lynch

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Morning Business News Round up_December 11, 2015

Morning Business News :

  • RBI Announces Timetable Reduction In SLR
  • Raghuram Rajan Warns Companies About High Debt
  • Telcos Drag Trai To Court On Call Drop Compensation
  • RBI Lets IDFC Bank Into Second Schedule List
  • RBI Buys Dollars In Both Spot And Future Market To Rein In The Value Of The Rupee
  • Steel Firms Allege Safeguard Duty Being Bypassed
  • Norm On 70% Money In Escrow To Hit Realtors’ Cash Flow
  • RBI Introduces Cross-Currency Options In Exchanges
  • Centre May Form Panel To Review National Policy On Farmers
  • Bharat Forge To Supply Aero Engine Parts To Rolls-Royce

  • Telcos Set To Roll Out 3G On Lower Frequency Band 900 Mhz
  • Minority Shareholder Files Suit Against Cairn, Vedanta
  • Fund Mop-Up Via Qips Slumps 41% To Rs. 12,658 Cr In April-Oct
  • Honda India To Recall 90,210 Units Of Diesel Variants Of City, Mobilio
  • Havells To Sell 80% Stake In Sylvania For Over Rs1,070 Crore
  • Texas Billionaire Backs Indian Start-Up Teabox Over Mutual Taste For Tea
  • Inox Wind Buys Out Sarayu Wind Power To Expand Presence In Andhra Pradesh
  • Maruti Suzuki To Raise Car Prices From 1 January
  • Sensex Snaps 6-Day Losing Streak, Closes 216 Points Up, Nifty50 Settles At 7,683; Tata Steel, RIL Gains Over 3%
  • Asian Development Bank To Lend $1 Bn To Power Grid Corporation
  • IATA Forecast Airlines In 2015 To Post Profit Of $33 Bn

  • Govt Collects Rs 21,054 Cr Via Petrol, Diesel Cess In FY’15
  • India, Switzerland Improve Cooperation On Tax Matters
  • India-EU Trade Talks’ Fate To Be Decided In January
  • November Inflation Seen Above 5%, Room For Rate Cuts Narrows
  • GST Will Unify Country As One Market, RBI Governor
  • Goa Iron Ore Miners Seek Duty Relief As Prices Dip

Today’s Wealth Mantra !

“Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won’t grow any faster than the rate of inflation.”

Suze Orman

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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_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