- Saudi to slash oil exports by 800,000 barrels per day
- Ashok Leyland bags orders for 2,580 buses
- RBI makes changes to Gold Monetisation Scheme
- Telcos fail to meet quality norms in Jun-Sep 2018
- Govt recommends Maharatna status to Power Grid
- Banks give $900-million idea to Jet to stay afloat
- Telcos for lawful interception of OTT messages
- IndusInd Bank posts 5% growth for Dec quarter due to IL&FS provisioning
- Adani Group may pick 51% lenders’ stake in TN’s power firm Coastal Energen
- Drop in oil, metal prices likely to hurt Nifty50 companies’ Q3 net profit
- Aurangabad, Chennai plants may be sold, not shut: Pfizer tells employees
- Maharashtra cooperative mills seek release of pledged sugar held with PSBs
- India poised to become third-largest consumer market: WEF
- India’s bauxite output growth to accelerate: Fitch
- IOC bullish on producing fuel from CO2 in 3 years
- ABB’s global business rejig will benefit Indian operations
- MCA summons officers, directors of Usha Martin
- Adani Group to develop Data Center Park in Vizag
- Venture capital exits climb to a record $165 billion in 2018
- Interim Budget 2019 on 1 Feb, Jaitley may play poll tune
- Bhushan Steel to raise ₹24,000 crore from Tata Steel
- 30 suitors line up for IL&FS road asset sale
- Essel Group in talks to raise $400 million to refinance debt
- Auto firms say steel import norms will delay manufacturing
- GST will boost India’s economic growth in coming years: India Inc
- Air India stake sale to fetch Rs 7,000 crore; govt eyes disinvestment next fiscal year
- Buy-backs, dividends to government left HAL poorer by Rs 15,500 Crore
- Binani Cement: SC rejects Dalmia Bharat’s review petition
- Shell acquires 26% stake in Hazira LNG
- Asirvad to secure PE funding; aims for IPO, Rs 10,000 crore AUM
- CII for doubling I-T exemption to Rs 5L, hiking 80C deduction limit
- Rs 18,000 crore subsidy in works for stressed gas-based power projects
Tag: RBI
Morning Business News Round Up_Jan 09, 2019
- RBI issues guidelines for card transactions
- Infosys to consider share buyback, special dividend
- Rs 6K cr assets detected under black money law
- No proposal to give more powers to RBI: Govt
- Vedanta to approach TN govt to restart Sterlite plant
- Jalan panel report on RBI reserve likely in April
- CAG favours policy framework for off-budget financing
- Direct tax collection shortfall worry likely to add fiscal deficit woes
- GST, excise, service tax evasion shoots up to Rs 48,555 cr in Apr-Dec
- SC overturns Delhi HC ruling, grants Bt Cotton patent to Monsanto
- NTPC to invest Rs 10,300 cr in greenfield thermal and solar plants in UP
- Booster dose for pharma as Govt okays refund on foreign plant inspection
- Allcargo makes space for Flipkart, Decathlon
- Loans, deposits by Indians in Swiss banks down 34.5% in 2017
- Prabhat Dairy plans to enter animal nutrition business
- Pfizer to exit two more plants in India
- Bengal Chemicals eyes larger presence in e-comm trade
- Tata Steel sales down 10 per cent
- RBI sets up panel under Nandan Nilekani to boost digital payments
- Cabinet gives land to GAIL to set up CNG station in Patna
- Myntra revenue shrunk by 80% to ₹427 crore in FY18
- Mobile wallet transactions decline in November: RBI
- Banks ask Jet Airways to explain its liquidity situation
- Mumbai PPA brings earnings visibility for Tata Power
- RBI cancels registration of 45 NBFCs; West Bengal tops list
- IBM receives 9,100 patents in 2018; India second highest contributor
- Trade talks with China going ‘very well’, says US president Donald Trump
- Gita Gopinath joins IMF as its first female chief economist
- Skies darkening over the global economy, says World Bank
- NMDC to buy back Rs 1k cr shares
- Post-death transfer of demat shares now requires physical documents
- Iran hopes India will seek another waiver from US sanctions
- Iran bank to become channel for rupee/rial dealings
- Shoppers Stop evaluates FDI, e-comm strategy
- Kharif crops sell below MSP; rabi sowing falls
Morning Business News Round Up_Jan 08, 2019
- India to grow at 7.2 per cent in 2018-19: Government
- Bandhan Bank to acquire HDFC-led Gruh Finance
- Banks’ NPA level on the decline: RBI Governor
- Resolve issues over dues by Jan 11: SC to RCom, RJio
- Govt allows ONGC, OIL to induct foreign partner
- Funds to cut equity allocations in 2019: Blackrock
- Trade war ‘certainly’ hurting China economy: US official
- Highway labourer at par with construction worker after new wage norms
- RBI forms committee to look into issues of MSMEs, functioning of banks
- After 3-month gap, HPCL, BPCL to import 1 mn barrels of Iranian oil in Feb
- MF equity assets only 4% of India’s GDP, lags global average of 35%: Report
- Essar Global Fund completes Rs 42,000 cr final debt tranche
- Centre eyes $600-m from Round II of OALP bids
- Corporates set to report lower revenue, profit growth in Q3
- Direct tax mop-up rises 14.1% to Rs 8.74 lakh cr during April-Dec 2018
- Lupin gets USFDA nod for generic schizophrenia drug
- US-based Ecolab sets up global digital centre in Bengaluru
- IL&FS Transportation defaults on dividend payment of Rs 7.12 cr
- HDFC is the biggest winner in Bandhan-Gruh Finance merger
- India takes over operations of part of Chabahar port in Iran
- KPMG special audit finds Reid & Taylor promoters defrauded firm of ₹3,524 crore
- Bitcoin pushes past $4,000 as technical gauge turns positive
- 15 airlines bid for 111 routes in third round of UDAN auction
- Elon Musk lays foundation of USD 7 billion Tesla plant in China
- Jet Airways in talks to defer or reduce payments to vendors as lenders push for revival plan by month-end
- Crude shocker can be rude shocks for economy: RBI economists
- Amazon emerges as most valuable US firm amid market turmoil
- Srei, Norway’s ECN in equipment import pact
- Rs 40,000 cr investment expected in OALP-II bid round
- To improve revenues, BSNL ties up with Eros for web content
- OVL acquisitions fail to augment energy security
- No decision on interim dividend yet: RBI
Morning Business News Round up_Feb 08, 2016
Morning Business News :
- Sebi Scans Facebook Accounts In Insider Trading Case
- Iran Wants India To Pay Oil Dues Of Over $6 Bn Euros
- Rs 1L-Cr Disbursed Under MUDRA Yojana: PM Modi
- Maruti Suzuki Begins Baleno Shipments To Japan
- ‘North Sea Could Lose 150 Oil Platforms Within 10 Yrs’
- Nepal Urges India To Restore Oil And Gas Supply
- China Forex Reserves Fall Almost $100 Bn, Lowest Since May 2012
- Modi Stresses On 10% Cut In Crude Oil Imports By 2022
- India Has Over 15 Lakh Registered Companies
- PM Inaugurates Indian Oil’s Paradip Refinery
- NSE Pitches For Self-Listing; Sebi Firm On Cross-Listing Rule
- Top Carmakers Join Forces For Electric Vehicles
- Centre Urged To Set Up Separate Ministry For Fisheries, Ocean Sector
- IOC Commissions Rs. 34,555-Cr Paradip Refinery
- Bajaj Capital Open To Selling Up To 26% Stake
- Glenmark Introduces EMI Scheme For Cancer Treatment Drugs
- India Seeks LPG Transit To North East Through Bangladesh
- US, India In Talks To Settle Solar Power Trade Dispute
- Blackstone, GIC, Others Eye DLF Promoters’ Stake In Rental Arm
- Equity Mutual Funds Inflows In January Slowest In 20 Months
- Jet Airways Q3 Profit Up To Its Highest Ever At Rs467 Crore
- Govt Tightens Curbs On Steel Imports As Global Glut Hurts Mills
- India Post To Invest Rs 322 Crore To Augment Parcel Capacity
- Cairn India Wants Govt To Reduce Oil Cess Before Budget
- Fpis Pour In Rs 2,500 Crore In Capital Mkts In A Week
- RBI To Buy Back Inflation Indexed Bonds Maturing In 2023
Today’s Wealth Mantra !
“If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”
– George Soros
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
Morning Business News Round up_January 22, 2016
Morning Business News :
- Trai may propose increase in quantum of auction
- ECB keeps rates unchanged at record low as expected
- NSEL to pay Rs 1.66 cr fine in money laundering case
- RBI allows banks to sell India Gold Coins
- Vedanta pares down bond repurchase to $227 mn
- RBI caps number of transactions on pensioners’ a/c
- Adani may buy L&T’s Punjab power plant
- Bankers finalize new owners for Electrosteel
- Natco enters licensing agreement with Brystol-Myers Squib
- Hindustan Zinc’s Q3 net slides 24%, Q4 output seen muted
- Glenmark Pharma gets USFDA nod for two generic drugs
- IOC doubles crude oil buy from Nigeria on term contract
- Textile exports may cross $40 b this fiscal: Minister
- NSE shareholders fear revamp plans may delay bourse’s listing
- Reliance Capital in talks to divest stake in insurance biz
- IndiGo posts 24% rise in profit at ₹657.3-crore
- Citigroup’s slide in India M&A deals shows rise of local bankers
- Sebi panel suggests reforms to grow alternative funds industry
- Ratan Tata invests in baby products retailer FirstCry
- CREO raises $3 million from Sequoia Capital, others
- Sensex closes 100 points down on weak global cues, Nifty settles below 7,280
- Idea Cellular Q3 profit dips marginally to Rs 764.21 cr
- Tata’s JLR becomes UK’s largest car maker
- Oil prices fall near 2003 lows on oversupply, demand worries
- BSE market cap falls Rs 10 lakh cr in 2016 so far
- Emerging markets lost $735b in 2015: IIF
- Global stocks battered as oil pushes below $27
- Small cells the future of telecom tower infrastructure
Today’s Wealth Mantra !
“This company looks cheap, that company looks cheap, but the overall economy could completely screw it up. The key is to wait. Sometimes the hardest thing to do is to do nothing.”
–David Tepper
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 $50 Mn
- Sensex Falls 266 Points On Global Cues, Nifty Settles At 7,351
Today’s Wealth Mantra !
“Know what you own, and know why you own it.”
– Peter Lynch
Retail News Round Up_Dec 24,2015
Retail News :
- RBI allows foreign investors to buy upto 49 per cent in V-Mart Retail
- Flipkart ropes in designers like Pitti Imagine and Timzy Batra to help sellers create world-class products
- Amazon India unit signs MoU with NIESBUD to encourage online growth of small businesses
- Snapdeals FreeCharge unit keen on running RBIs bill payment system
- ShopClues announces the launch of exclusive Star Wars merchandise
- Delhis favourite leather product maker Nappa Dori scouts for space in Mumbai
- Kwality looks to scoop up midsized dairy companies
- McVities maker United Biscuits moves to Marie biscuits and cookies
- Idea launches 4G services starting with 75 towns in South India
- Swarajya magazine gets Quintype’s CMS in a partnership
- Mahindra Group Launches MoboMoney, a NFC Based Digital Wallet!
- MakeInIndia Vivo Opens its First Manufacturing Plant in India; Invests Rs 125 Crores
- Micromax Smartphones Will Come Pre-loaded with an E-wallet; Partners with TranServ
Today’s Wealth Mantra !
“With the possible exception of things like box scores, race results, and stock market tabulations, there is no such thing as Objective Journalism. The phrase itself is a pompous contradiction in terms.”
-Hunter S. Thompson
Morning Business News Round up_December 23, 2015
Morning Business News :
- Govt To Bring Bill For Mandatory National Minimum Wage
- Govt Fails To Attract Fdi In Defence, Only Rs 56l Since Last Sept
- Softer Oil Prices Boost Expectations Of Better Earnings
- China’s Wanda Group Likely To Invest Us$ 1 Billion In Haryana
- RBI May Revise Gold Bonds’ Pricing Mechanism
- GAIL Extends Bidding Deadline For $7-Bn Lng Ships
- Rajan Went With External Committee In Policy Review
- Rcom, Aircel In Talks To Merge Wireless Biz
- Tata Steel May Sell Uk Unit To Greybull Capital
- India’s Q2 Current Account Deficit Narrows To $8.2 Bn
- Maha Govt Mulls 5% Increase In Ready Recknor Rates From January 1
- CAG Flays Govt For Unrealistic Expenditure Estimates
- Ultratech Mine Plan In Chhattisgarh Lands In Troubled Water
- ONGC Can Convert Rs 5,000-Cr Loan Given To Ovl Into Equity
- Call Drops: No Coercive Steps Against Telcos Till Jan 6, Says Trai
- Glenmark Pharma Gets Us Regulator Nod For Bacterial Infection Drugs
- Nsel-Ftil Merger: Corporate Affairs Seeks More Time To Pass Final Order
- JP Morgan Tweaks Emerging Markets Portfolio For 2016
- Cabinet Clears Rs 5,000 Cr Investment In Ongc Videsh
- High Court Breather For Miners Over Social Impact Funds
- Orchid Pharma Signs Pact For $800 Million Loan From Uk Firm
- Ujjivan Slows Mfi Business As It Readies For Switch To Banking
- Australia Clears Adani Abbot Point Coal Terminal Expansion
- L&T Realty Looks For Partners In Bengaluru, Navi Mumbai Projects
- Reliance Jio To Launch Services On 27 December
- Sensex Ends 145 Points Lower, Nifty Settles Below 7,800
- Bankruptcy Bill In Lok Sabha: Fm Arun Jaitley Says Country Can’t Wait For Reforms
- Finmin Cuts Divestment Target By 57% For Fy16
- Essar Oil Delisting Faces ‘Technical’ Issues; Referred To Sebi
- RBI Governor Goes With Panel On Rate Status Quo
- Gold Imports To Touch 1,000 Tonne This Year, Up 11%
- Zynergy To Invest Rs 400 Cr In Tn Solar Products Plant
- IRDAI Directs Insurers To Comply With Fatca Rules
- RBI External Panel Suggested Status Quo In Dec Policy
- Aurobindo Pharma Gets Usfda Nod For Its Conjunctivitis Drug
Today’s Wealth Mantra !
“One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It’s your window into a very large world.”
-Ron Chernow
Morning Business News Round up_December 22, 2015
Morning Business News :
- Indian Tech Firms Paid $22.5 Bn Taxes In US
- Government Introduces Bill For Bankruptcy Law In Parliament
- Iran Woos Indian Refiners To Drive Oil Sales In Cut-Throat Market
- SBI To Raise Up To Rs 12,000 Crore By Tier-II Bonds
- $12 Bn Deal Signed In China To Make 1.5L Electric Cars
- DRI Investigating Over Invoicing Of Imported Coal
- Excise Exemptions May Be Whittled In Budget
- Oil Dips To 11-Year Low; CLSA, Goldman Sachs See $20 Levels
- Glenmark Ends Patent Dispute For Anti-Depression Drug Savella
- M&M, Tata Motors, Maruti Team Up To Develop Components For Hybrid, E-Vehicles
- Toshiba Warns Of $4.5 Bn Fiscal Loss As Shares Slump 9.8%
- Godrej Agrovet Buys Majority Stake In Creamline Dairy
- HDIL Sells Land Parcel In Kurla To Dheeraj Realty Arm
- Strides Shasun Gets DCGI Nod For Manufacturing Hepatitis Drug
- RBL Bank Raises Rs488 Crore In A Pre-IPO Round Of Fund-Raising
- Sun Pharma Stock Falls 4.5% After US Regulator’s Warning
- Sebi Seeks Status Report On Basic Services Demat Accounts
- R-Com Sells 150 Residential Flats In Navi Mumbai For Rs330 Crore
- Retailers Expect Robust State-Wise Retail Policies In 2016
- Sensex Closes 217 Points Up At 25,736, Nifty Settles Above 7,830;
- Icra Doubts Faster Monetary Transmission Under RBI Norm
- India To Offer Site In Andhra Pradesh To Russia For Nuke Plants
- Spicejet Records Highest Seat Factor Among Domestic Airlines
- Brent Crude Falls Almost 2 Per Cent To 2004 Low
- New RBI Norm For Rate Calculation Credit Positive: Moody’s
- FIPB Clears Eight Proposals Worth Rs 1,200 Crore
- Foreign Firms Cash Out As Mfs Near Rs 15 Lakh Cr Mark
- RBI For Fewer Categories Of Nbfc’s For Better Coordination
- Cipla Launches Generic Hepatitis C Drug In India
Today’s Wealth Mantra !
“The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.”
-Mark Skousen
