Morning Business News Round up_November 27, 2015

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 06, 2015

Morning Business News :

  • Coal Digger: India Aims To Start Asia’s Biggest Coal Mine In 5 Yrs
  • Bob Investigating Rs 350-Crore Bill Discounting Fraud
  • Ageing Chinese Dragon Makes Way For India In Top Spot Among Ems
  • Private Equity Activity May Hit Record High In 2015
  • India, Lithuania Agree To Collaborate In Agriculture Sector
  • Govt To Spend Rs 70k Crore On 12 Major Ports: Gadkari
  • Government To Soon Decide Monetary Policy Committee Structure: Shaktikanta Das
  • Tax Collections To Fall 5-7% Short Of Target
  • Sebi Probes Jpmorgan’s Risk Assessment System

  • Indian GDP Predicted At 7.5% In 2015-16: World Bank
  • Germany Offers 2 Bn Euros For Clean Energy Corridor, Solar Projects
  • RBI Initiates Corrective Action On Indian Overseas Bank
  • US Scraps Discriminatory Outsourcing Fee On Indian Firms
  • Educomp Sells Entire Stake In Wiz Learn Technology
  • NMDC Cuts Iron Ore Price By 12% For October
  • ‘No Dumping Levy’ Between Provisional, Final Orders
  • Cabinet Monitoring Has Fast-Tracked Projects Worth $112 B, Says Minister
  • Crisil Downgrades Debt Worth Rs 2.4 Lakh Cr In H1 FY16
  • Gas Price Cut Will Hit Investments In New Reserves: Moody’s
  • India’s Poverty Rate Lowest Among Nations With Poor Population’
  • HDFC Home Loans Get Cheaper As Lender Cuts Benchmark Rate
  • Method Of Computing GDP Deflator Misleading: RBI
  • Sun Pharma Settles US Patent Litigation With Actavis Over Skin Care Drug
  • September Quarter Corporate Earnings May Disappoint
  • Sensex Ends 565 Points Up At 26,785, Nifty Settles At 8,119
  • Govt Raises Import Duty On Ghee, Butter To 40%
  • Black Money Disclosure: Govt Revises Amount Higher At Rs 4147 Cr
  • Motherson Sumi Expects Revenue Growth At CAGR Of 24-25% In Next 5 Years
  • Alstom Bags Lucknow Metro Contract Worth Rs 1,100 Crore

Morning Business News Round up_October 05, 2015

Morning Business News :

  • ONGC To Seek Govt Help For $6-Bn KG Project
  • Adani To Buy Welspun’s 2 Ready-To-Build Power Plants
  • State Bank Of India To Charge Up To 10% For Home Loans
  • Cabinet To Consider Rs 4.3 Lakh-Crore Loan Recast Of Discoms
  • India Pledges To Increase Use Of Non-Fossil Fuels
  • Indiabulls’s $1 Billion Issue Gets Shareholders’ Nod
  • Center To Invite Bids For National Agri Market Platform
  • Volkswagen India Sales Down After 7 Months Of Growth
  • Lower Costs, Be Vigilant Of Risky Assets, Sebi Tells Amcs
  • NMDC Slashes Iron Ore Rates By Over 50%; More Revision Likely
  • New Gas Price Will Discourage Exploration: S&P
  • RBI Likely To Go For Final 25 Bps Rate Cut In Feb: Bofa-ML
  • NTPC May Sell Power To B’desh From Upcoming Assam Plant
  • Transmission Of Interest Rates Cut Will Help Pick-Up In Consumption Demand
  • Govt To Make PAN Card Must For Cash Transactions Beyond A Limit
  • NSE To Launch Self-Trade Prevention System From Oct 12

  • Lack Of Capital Affecting First Generation Entrepreneurs: SIDBI
  • Switzerland To Publish 1st List Of Unclaimed Accounts In December
  • Indian Banks Forced To Inject Funds Into UK Subsidiaries: Report
  • HDFC Raises More Than Rs.10,000 Cr Through Issuance Of Securities
  • Maruti Board Approves Pact With Suzuki Arm For Gujarat Plant
  • Adani Ports Signs Pact With L&T Shipbuilding To Evaluate Kattupalli Port
  • DLF Board To Meet On 8 October To Prepare Road Map For Rental Business
  • Pending Tax Issues Will Be Referred To Shah Panel: CEA Arvind Subramanian
  • Tata Steel Invests Rs 22K Crore In Odisha Project; To Start Operation Soon
  • SC To Examine Essar’s Plea Against Rs 2,300-Cr Fine By DGVCL
  • Regulatory Environment Key Risk For India’s Airport Sector: S&P
  • Wary Of Risks, GAIL To Take 10 Pct Stake In TAPI Pipeline