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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