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Morning Business News Round up_December 18, 2015

December 18, 2015 beelineadmin

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_December 15, 2015

December 15, 2015 beelineadmin

Morning Business News :

Eicher, Havells, Patni Back Trifecta Capital’s Fund
Fiis Rs 6K-Cr Nifty Shorts May Fire Up Markets Again
Blackstone Raises $18 Billion For Global Buyout Fund
Fed Rate Hike Wrong Move For Emerging Economies
RBI Denies Rumours Of Scribbles Notes Being Refused
Rjio 4G Peaked 70 Mbps In Trials: Credit Suisse
Govt To Auction 28 Oil, Gas Blocks Off Mumbai
Retail Inflation At 5.41% In November
Rupee Cracks Below 67 Mark To Hit 27-Month Low
WPI Inflation At -1.99% For 13th Straight Month In Nov
Fitch Retains India’s Rating, Says Growth Will Continue
Tech Mahindra, M&M To Acquire Italian Design Firm Pininfarina
RBI, Bank Heads Discuss Cleansing Of Lender Books
Jaitley Holds Talks With Congress Leaders On GST Bill
India Moves Up 5 Places In Human Development Index Rank To 130
Centre Receives Just 17 Smart City Proposals A Day Before Deadline
FTIL Case: Madras HC Gives 3 More Months For CLB To Complete Hearing
Essar Oil’s Delisting Begins; Floor Price: Rs.146.05/Share
Sun Pharma Sells Ohio Facility To Nostrum Laboratories
IOC To Invest Rs1.75 Trillion In Expansion Projects
Infosys Invests $3 Million In US-Based Wearables Start-Up Whoop

FDI In Insurance A Hit, But Pension Sector Still Struggling
Natco Settles Patent Case With Gilead, Others Over Tamiflu; Shares Rise
Sensex Ends 106 Points Up At 25,150 In A Volatile Trade; Nifty Settles At 7,650
Reliance Communication’s Deal To Sell Towers Will Lower Its Debt By 60%: CLSA
Sebi Attaches PACL Assets Over Failure To Refund Rs 60,000 Cr
Nissan And Datsun Cars In India To Get Pricier By Up To 3 Per Cent
PSU Banks To Get Additional Rs 5,000 Crore In March
Centre Readies Direct Subsidy Plan For Farmers
Hot Money Loses Steam: FPI Inflows Into Stocks Dip Below $3b
Indian Leather Products To Be Showcased In Dubai
Asia Index Launches Four Indices To Track Non-Market Factors

Today’s Wealth Mantra !

“Mutual funds give people the sense that they’re investing with the big boys and that they’re really not at a disadvantage entering the stock market.”

-Ron Chernow

Morning Business News Round up_December 11, 2015

December 11, 2015 beelineadmin

Morning Business News :

RBI Announces Timetable Reduction In SLR
Raghuram Rajan Warns Companies About High Debt
Telcos Drag Trai To Court On Call Drop Compensation
RBI Lets IDFC Bank Into Second Schedule List
RBI Buys Dollars In Both Spot And Future Market To Rein In The Value Of The Rupee
Steel Firms Allege Safeguard Duty Being Bypassed
Norm On 70% Money In Escrow To Hit Realtors’ Cash Flow
RBI Introduces Cross-Currency Options In Exchanges
Centre May Form Panel To Review National Policy On Farmers
Bharat Forge To Supply Aero Engine Parts To Rolls-Royce

Telcos Set To Roll Out 3G On Lower Frequency Band 900 Mhz
Minority Shareholder Files Suit Against Cairn, Vedanta
Fund Mop-Up Via Qips Slumps 41% To Rs. 12,658 Cr In April-Oct
Honda India To Recall 90,210 Units Of Diesel Variants Of City, Mobilio
Havells To Sell 80% Stake In Sylvania For Over Rs1,070 Crore
Texas Billionaire Backs Indian Start-Up Teabox Over Mutual Taste For Tea
Inox Wind Buys Out Sarayu Wind Power To Expand Presence In Andhra Pradesh
Maruti Suzuki To Raise Car Prices From 1 January
Sensex Snaps 6-Day Losing Streak, Closes 216 Points Up, Nifty50 Settles At 7,683; Tata Steel, RIL Gains Over 3%
Asian Development Bank To Lend $1 Bn To Power Grid Corporation
IATA Forecast Airlines In 2015 To Post Profit Of $33 Bn

Govt Collects Rs 21,054 Cr Via Petrol, Diesel Cess In FY’15
India, Switzerland Improve Cooperation On Tax Matters
India-EU Trade Talks’ Fate To Be Decided In January
November Inflation Seen Above 5%, Room For Rate Cuts Narrows
GST Will Unify Country As One Market, RBI Governor
Goa Iron Ore Miners Seek Duty Relief As Prices Dip

Today’s Wealth Mantra !

“Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won’t grow any faster than the rate of inflation.”

–Suze Orman

Morning Business News Round up_November 20, 2015

November 20, 2015November 20, 2015 beelineadmin

Morning Business News :

BOJ keeps policy steady despite recession, sees capex rebound
China banks turn blind eye to soaring overdue loans
Fed to hold term reverse repo operations in December
India to sell more coal mines in production push – govt official
7th Pay Commission recommends 23.55% pay hike
October air passenger traffic up 18 percent
Centre puts up 8 coal mines from 4 states for auction
Rajasthan to get investment worth Rs.3.3 lakh crore: CM
RBI says investors will need approval to buy 5 pct in banks
Anil Ambani bets big on solar power in Rajasthan
India’s sugar output rises by 33% in early crushing season
Vedanta may scale back expansion on soft aluminium prices
Companies garner Rs 5,500 crore via NCDs in Apr-Oct
Punj Lloyd bags two orders worth Rs 483 cr from NTPC

Strides Arcolab changes name to Strides Shasun Ltd
CEA-led panel may suggest GST rate of 20-24%
RBI sets direct agri-lending target at 11.57%
Canara Bank to raise Rs 2,400 cr by issuing tier II bonds
Naveen announces Rs 35,000 cr package for western Odisha farmers
Two US law firms threaten class action law suit against Dr Reddy’s
Modi’s gold deposit scheme attracts only 400 grams

Today’s Wealth Mantra !

“In investing, what is comfortable is rarely profitable.”

– Robert Arnott

Morning Business News Round up_November 19, 2015

November 19, 2015 beelineadmin

Morning Business News :

Telecom dept seeks PMO help to free up TV waves
India Inc’s Oct foreign borrowing dips 24% at $2.11 bn
Government extends currency swap facility for SAARC members
Govt to raise Rs 21Kcr from CIL stake sale
Govt nudges Vodafone with settlement proposal
India’s top real estate cos stare at Rs 30-k cr debt
Divestment, exports, infra get govt push
RBI workers’ strike tomorrow likely to disrupt settlements

Modi govt looks to revive stalled road projects, boost exports
Confusion reins over FSSAI’s product approval regime
GAIL rerating on oil & gas policy, Mahanagar Gas IPO
Jindal Stainless aims to cut debt by 64% through restructuring
Amtek Auto may sell Tekfor for Rs 6,000 crore
Japan regulators set to slap Toshiba with record $57 mn fine: Source
Competition panel asks Coal India to examine spot e-auction scheme afresh
Cabinet approves modification to bilateral assistance guidelines
GMR Kamalanga Energy gets revised tariff order from CERC
Commodity markets in worse shape than in 2009
Centre approves direct subsidy for sugarcane growers
Glenmark, Sun Pharma, Cipla said to weigh bid for Teva portfolio
Ramdev’s Patanjali atta noodles have no approval: FSSAI
Essar Steel bankers pushing to convert debt to equity
Govt would launch an initial public offering of Cochin Shipyard Ltd
ScoopWhoop raises $4 million from Kalaari Capital
Dr Reddy’s buys IP rights for anti-coagulant drug from Alchemia for $17.5 mn
Sensex slumps 382 pts to 25,482, Nifty settles below 7,750
Productivity gains of internet can transform India
Inflation completely under control in India: CEA
Govt fixes maximum mktg margin for natural gas
Finance Minister Arun Jaitley meets Rahul Gandhi
Ola raises $500m from Baillie Gifford, SoftBank and others
OECD countries to limit overseas financing for coal plants
Irdai to regulate non-life, health insurers’ expenses
India-focussed ETFs grow as demand picks up
Microfinance industry sees 28% rise in client base in Q2

Today’s Wealth Mantra !

“The stock market is filled with individuals who know the price of everything, but the value of nothing.”

– Phillip Fisher

Morning Business News Round up_November 13, 2015

November 13, 2015 beelineadmin

Morning Business News :

MSCI to include 14 China ADRs in EM index
US budget deficit widens to $136 billion in October
NRI deposits grow to $121.8 bn by 55% during April-September 2015
FDI reforms to revitalise India-UK ties
India bond ETF, bond index to launch in London
Green nod for Tata Steel’s Rs 185-cr Odisha project
Raghuram Rajan warns of global threat from easy money
September IIP slumps to 3.6%, October CPI rises to 5%
7th pay panel’s draft report riddled with dissent notes
Private banks to gain with easing of FDI
UK, Indian cos to sign deals worth $13.7 bn
Call drops compensation to cost telcos Rs 200-cr a quarter
Parliamentary committee calls for one regulator for money pooling schemes
Alstom to supply 800 electric engines to Indian Railways

60,000 Maggi WelcomeKits sold within 5 minutes of flash sale
Global gold demand hits more than 2-year high in Q3
Coal India invites global firms to set up washery in Jharkhand
Sterling hits 3-month high after Draghi’s comments drag euro down
SpiceJet posts Rs24 crore profit in Q2 on lower fuel prices
RBI staff plan strike on 19 November
Reliance Jio’s LYF phones miss Diwali launch, sale restricted to staff
FDI limit raised for TV channels
India, UK announce 9 billion pounds worth of deals
Swachh Bharat cess to be levied on portion of taxable service
Over 4,660 tons seized pulses offloaded in open market: Govt
Indiabulls Housing to buy 40% in UK bank for $100 mn
Pragati Maidan makeover on anvil; to cost around Rs 3K cr
DGCA allows airlines to roll out zero baggage charges
Easing of FDI norms to support investment, GDP growth
LIC Nomura launches ETF Sensex, eyes to mop up Rs 200 cr
Mkt investors poorer by Rs 4.4L cr so far this fiscal
Honeywell plans to grow twice the rate of India’s GDP
Cos listed on VSEL to move on BSE dissemination board
Sebi lifts curbs on Tea Time in public holding norms case

Morning Business News Round up_November 05, 2015

November 5, 2015 beelineadmin

Morning Business News :

Moody’s downgrades VW due to emissions scandal
Govt will unveil big power reforms in couple of days
RBI issues operational guidelines for gold bonds
5% rise in indirect tax receipts a huge positive: FM
Govt dismisses Moody’s report, calls it opinion of junior analyst
India, US discuss measures to deepen capital mkts
Alstom in major share buyback after GE deal
Volkswagen fails emission tests in India, gets notice
Banks step up pressure on Essar Group
Bankruptcy panel submits report and draft law
IDBI Bank to raise Rs 2,800 cr through a QIP offering
Cairn-Vedanta merger now by June 2016, says Group firm
Maggi noodles clears final tests, relaunch likely late November
Vedanta Resources net loss widens in H1 FY16; halts dividend
Rajan defends his speech calling for tolerance, mutual respect
S. private sector adds 182,000 jobs in October
Reliance Infrastructure to exit cement, roads businesses
Tata Comm building world’s largest IoT network in India
NSE extends waiver of processing fee for MF distributors

Solar tariffs in India hit all-time low of Rs. 4.63
Standard Chartered said seeking to sell Essar Global loans
Godrej Properties Q2 profit jumps 127%
United Spirits to sell French winery by November
ONGC to buy into Adani-Welspun’s oil block off Mumbai coast
India to remain fastest growing IT market in 2016, says Gartner
Services sector growth hits 8-month high in October
Cars, SUVs prices to rise by Rs 6,000 to over Rs 6 lakh in Delhi
DLF Q2 net profit rises 21% to Rs 131.50 crore
Call drops’ Re 1 penalty: Trai, telcos headed for fierce court battle
Cognizant Q3 net grows 12% at $397 mn, raises revenue guidance
Sebi unlikely to challenge SAT order on SRO issue
IOC set to open more border routes to Nepal for supplies
Ashok Leyland Q2 profit after tax up 137%
France reaffirms 2b euros for 3 cities under smart city plan
Bata reports Q2 PAT of Rs 54 cr, turnover at Rs 575 cr
India has only 1% total retail sales in digital commerce

Retail News Round Up_Nov 02,2015

November 2, 2015November 2, 2015 beelineadmin

Retail News :

Commerce Minister asks RBI, Enforcement Directorate to probe if top e-tailers like Flipkart, Amazon, Snapdeal flouted rules
E-commerce, start-up boom swells India’s advertiser base; 2000 advertisers added in Jan-Sep 2015
India Post collects Rs 800 crore from cash-on-delivery facility
Quikr has launched QuikrServices that currently lists home-services providers in 11 categories
Oxigen Services in talks to raise Rs 1,300 crore; plans to hive off online business
Strengthening backend operations for great customer experience, Grofers wants to be one-stop app Consumer for all your daily needs