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 18, 2015

Morning Business News :

  • Fed Awards $105.2 Billion Of Reverse Repos
  • India, US Trade Ministers To Discuss WTO Issues
  • Goldman: High Risk Of Oil Dipping Further; Likely To Hit $20/Bbl
  • US Q3 Current Account Deficit Largest Since 2008
  • RBI May Lower Rate By 25-50 Bps In 2016: ET Poll
  • Ergo To Buy 23% Stake In HDFC Ergo For Rs 1,122cr
  • Cash Flow Of High-Debt Firms Turns Positive After 10 Years
  • M&M May Tweak Engines To Suit Emission Norms
  • Disclosure Rules Eased For Payments To Non-Residents
  • Vedanta-Controlled Balco Wins IMEA Gold Award
  • USFDA Approves Aurobindo’s Drugs For Diarrhoea, Allergy
  • Carmakers Call For Comprehensive Plan After Delhi Smog Crackdown
  • RBI Allows More FII Buy In Powergrid Corp
  • MCX To Ban Members Not Registered With SEBI
  • NDMC Nod Likely For New Towers On Govt Land In Lutyens Delhi
  • India Needs Rs. 31 Lakh Cr For Infra Sector In 5 Yrs: Crisil
  • ‘India Better Placed Than Peers To Deal With Impact Of Fed Rate Hike’
  • Alkem, Dr Lal To Make Stock Market Debut On Dec 23
  • RBI Unveils New Math For Banks’ Lending Rate
  • Developing And Developed Countries In Deadlock At WTO
  • Maruti’s Shareholders Allow Suzuki To Own Upcoming Gujarat Plant
  • HUL Buys Indulekha In Return To Hair Oil Segment
  • Rajan’s Crackdown On $59 Billion Bad Loans Means M&A Surge In India
  • CBI Files Chargesheet In Bank Of Baroda Remittances Case
  • Sensex Gaining Streak Continues For 4th Day, Surges 309 Points To End At 25,804
  • Vodafone, Reliance Com May Clinch 3G, 2G Roaming Agreements
  • US Visas: On Top Of $1 Bn Hit, IT Firms’ Costs Up 4-Fold
  • Govt Defers Plan To Impose 2% Levy On Air Tickets From Jan 1
  • India Ranks 97th On Forbes’ Best Countries For Business List
  • India Not Immune To Fed Rate Hike Jitters: Fitch
  • Govt Wants 30% FDI Growth Per Year: Kant
  • Thomas Cook Completes Acquisition Of Kuoni Travel

  • Anil Ambani, Spielberg Join Hands To Form Amblin Partners
  • Goa Govt Forms Panel To Solve Ore Transportation Impasse
  • Rs 10k-Cr NHAI Tax-Free Bond Issue Oversubscribed

Today’s Wealth Mantra !

“Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative excesses that develop, particularly during the long bull market.”

-Ron Chernow

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Morning Business News Round up_August 26, 2015

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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