Morning Business News Round up_November 26, 2015

Morning Business News :

  • SunEdison sells 425-Mw projects for $231 mn
  • ‘Housing for All’ scheme to come with cheap power and water
  • Railways eyes Rs 1.1-lakh cr fund for infra upgrade
  • US FDA wants third-party audit of Dr Reddy’s units
  • Axis Bank, Vistara to launch travel credit card
  • ONGC to move on to next cluster in KG block
  • Sandoz gets FDA rap over documentation at plants
  • ED issues notice to NDTV for alleged FEMA violation
  • Vedanta’s cumulative loss on Odisha refinery cross Rs 4,000 cr
  • M&M launches new variant of New Age XUV500
  • Volkswagen to invest ₹720 cr on India sedan
  • Tata Motors unveils four new construction vehicles at Excon 2015
  • Bain Capital expects ₹760 cr on exit from Hero MotoCorp

  • DS Group expects Rs 100 cr revenue from new candy brand ‘Pulse’
  • BGR Energy bags orders worth ₹300 cr
  • PepsiCo India set to uncork the ‘good for you’ range

Image result for PepsiCo

  • Mallya emerges unscathed after USL AGM
  • Idea-Videocon deal expensive but will cushion against RJio, Airtel attack
  • Warburg Pincus joins race for MedPlus; General Atlantic also in fray
  • TFS plans to strengthen India presence, lines up Rs 150 crore of investment
  • CIL staff not keen to join strike; workers reluctant to sacrifice pay
  • Vasudha Munjal plans expansion of chocolate brand Choko La
  • ITC chairman YC Deveshwar elevates executives, opens up race for chairmanship
  • Reliance Digital races ahead of Tata’s Croma in electronics retail
  • Hyundai looking for new partner to bid for building LNG ships for GAIL
  • Delhi’s private discoms BSES, Tata Power want to join debt-recast scheme
  • Payment cos like Mobiwik, ItzCash among applicants for Bharat Bill Payment System
  • Sistema Shyam Q3 loss narrows to Rs 406 crore
  • Swiss drugmaker Roche launches costliest cancer drugs in India

  • TAPI gas pipeline project to start from December 13
  • USFDA warning letter flags serious breaches at Dr.Reddy’s
  • Realty firms turn development managers for smaller companies
  • Top 10 M&A deals of all time: Pfizer-Allergan ranks second
  • Small NBFCs plan to build sales teams to draw customers
  • Infosys board member and independent director Carol Browner steps down
  • S&P calls for multi-pronged strategy to help banks tide over asset quality issues
  • Wistron, Optiemus to set up manufacturing unit in India


Today’s Wealth Mantra !

“Wide diversification is only required when investors do not understand what they are doing.”

– Warren Buffett