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

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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

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Retail News Round Up_Dec 21,2015

Retail News :

  • Accel Partners sells fractional stake in Flipkart to Qatar Investment Authority for $100 million
  • Myntra takes on brick-&-mortar retailers with private brands
  • Van Heusen opens first digital store in Bengaluru
  • Rio Tinto, De Beers and other global miners to trade on Mumbais diamond centre
  • After a lull, Star Bazaar plans store expansion
  • Bisleri set to re-enter soft drinks space in 2016

  • How a small vegan community is trying to create thriving businesses in a dairy-obsessed India
  • 42 mega food parks worth Rs 2,000 crore to be set up in the country
  • Quikr adds Hindi translations among six other Indic languages
  • Reliance Jio to be launched on the 27th of December
  • The News Minute raises funding from Quintillion Media
  • WudStay launches paying guest feature

 

“It’s a misnomer to think of gamification as playing games. Gamification is a lot like shopping. It’s about insight.” – Karen Etzkorn, EVP and CIO of the Home Shopping Network

 

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Morning Business News Round up_December 17, 2015

Morning Business News :

  • Lower Inflation Result Of Reforms, Global Oil Prices
  • Govt Approves Coal Auction For Gasification
  • Government Hikes Import Tariff Value On Gold
  • Rel Infra Buys 17% Stake In Pipavav For Rs 850 Cr
  • NHAI To Raise Up To Rs 1,000cr Via Bonds
  • ‘Make In India’ Has Tremendous Impact On Investments

  • Motor Insurance To Cost Up To 15% More In Metros
  • Govt Approves Revised BIT Model, Excludes Tax Matters
  • US Fed Hikes Rate By 25 Bps For First Time Since June 2006
  • RBI Accountable To Disclose Information Under RTI Act: SC
  • Cabinet Allows States To Mine & Sell Coal, Ends Monopoly Of Centre
  • Improved RS Numbers By Budget Session Give Govt Hope For GST
  • Gujarat Declares Rs 110 Per 20 Kg Bonus For Cotton Farmers
  • World Bank Approves $1.5 Billion To Support India’s Universal Sanitation Initiatives
  • Govt Hikes Excise Duty On Petrol, Diesel
  • SAT Sets Aside SEBI’s Rs. 13-Cr Penalty On Reliance
  • PE Deals Touch Record High Of $17.5 Bn This Year
  • Reliance Jio Plans Limited Launch Of 4G In Mumbai: Bofa-ML
  • Cabinet Approves New Bilateral Investment Treaty Model
  • Real Estate Brokers Tie Up With Online Furniture Rental Service
  • SC Order Deals Another Blow To Diesel Engines
  • Govt To Soon Allow Auto Makers To Make Ethanol-Fuelled Vehicles
  • M&M Will Comply With Diesel Stipulations: Anand Mahindra
  • Blackstone Buys Minority Stake In IBS Software For $170 Mn
  • NSE Subsidiary Develops Indices For Tata, Aditya Birla, M&M
  • Dot Clears Path For Merger Of Vodafone India Entities
  • Sensex, Nifty Extend Gains For 3rd Day In A Row
  • India To Be Bigger Market Than US For Google In 2016: Pichai
  • SC’s Ban On Diesel Vehicles In Delhi: 5 Worst-Hit Cars
  • TCS Bags Multi-Million Dollar Deal From Lufthansa
  • Govt To Unveil Policy For Flexi-Fuel Vehicles In Jan: Nitin Gadkari
  • GST Rate To Be Much Less Than 18%: Jaitley
  • Tax Reforms To Help India Get Rid Of Tax Terrorism Tag
  • Realty Market Regains Favour Of Foreign Investors: Pwc
  • Wipro Says Chennai Floods To Hit Dec Quarter Earnings
  • Fiscal Deficit Target To Be Met Without Budgetary Cuts

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 10, 2015

Morning Business News :

  • Big Japanese Manufacturers’ Sentiment Worsens In Q4
  • Aurobindo Gets Usfda Nod To Market Heart Disease Drug
  • Jain Irrigation Bags Rs 2.2-Billion Contract From Tanzania
  • Bbb Likely To Be Set Up For Creating Holding Company Model
  • Neobiocon Partners Novartis To Launch Diabetes Drugs In Uae
  • Consumer Court Wants More Tests On Nestle’s Maggi
  • Baidyanath To Make Fmcg Foray With Cosmetics, Wellness Products
  • Mcdonald’s Ramping Up Its Brand Extension Business In India
  • Magna International Opens Two Factories In Sanand, Sees Strong Growth In India
  • Customer Verification Penalty On Telcos At Rs 2,513 Crore
  • Reliance Jio May Look To Buy Smaller Telecom Companies For More Wavelength
  • Ground Breaking Of Tapi Gas Pipeline On Sunday
  • Rbi Ready To Intervene In Exchange-Traded Currency Derivatives Segment
  • Developed Markets Beat Emerging Markets For Third Year In A Row
  • VW Says Co2 Emissions Scandal Not As Bad As Feared

  • Bharat Forge Enters Aerospace Sector, Signs Four Contracts
  • Infosys Buys Minority Stake In Cloud Endure For $4 Million
  • Hyundai To Hike Vehicle Prices By Up To Rs30,000 From January
  • Shortage Of Drug Inspectors Hitting Pharma Exports: Report
  • High Port Valuations Not Sustainable, Says Adani Scion
  • Rinfra Wants To Spruce Up Railway Stations
  • Wai Wai Noodle Brand In Expansion Mode
  • Tvs Motor, Bajaj Auto, Yamaha To Offer Free Service Camps
  • Cellphone-Maker Hitech Eyes ₹500-Cr Turnover In 2 Years
  • Industries Need To Adhere To Rules, Regulations’
  • Only 10 Smart Cities May Get Funds From Centre This Year
  • Microsoft To Incubate 500 Start-Ups In 5 Yrs
  • Bpo Policy For Small Towns Sparks Huge Interest
  • Dow-Dupont Merger To Create Rs 11,600-Crore Chemical Giant In India
  • House Prices Down 15-20% In 18 Months, Say Developers
  • China’s Outbound Investment Jumps, Catching Up With Fdi
  • Implementation Is The Key In ‘Housing For All’ Scheme
  • Airbus To Increase India Sourcing To $2 Billion By 2020

Today’s Wealth Mantra !

” Successful investing means knowing when to buy, when to sell and when to rent”

-Warren Buffett.

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Morning Business News Round up_December 04, 2015

Morning Business News :

  • Govt May Scrap 1% Inter-State Tax To Move Closer To GST
  • Ola, Didi Kuaidi, Lyft, Grabtaxi Enter Into A Partnership To Counter Uber’s Reach
  • Global Private Equity Funds Blackstone, Carlyle, Barings Asia In Race To Buy Reliance Cement
  • Citigroup Pnote Sells 61 Lakh Havells India Shares Worth Rs 178cr
  • Telcos Ask Trai To Check Ringo License, Raise Security Concerns
  • Vodafone Invests Rs 500 Crore In Six Months On Network In Delhi

  • TPG Capital Backed Sanjiv Ahuja Leads Race To Buy Reliance Communications Towers
  • India Third-Largest Market For Spirit Giant Pernod Ricard, Sales Cross Rs 10,000 Crores
  • SKS Microfinance Raises Loan Ticket Size
  • Government Asks Companies To Display MRP Of Farm Machines Excluding Taxes
  • CIL To Pump In Rs 57K Cr To Ramp Up Output To 908 MT
  • Govt To Relax Approval System For Food Products
  • Montblanc Partners Titan For India Re-Entry, To Open 5 Outlets
  • Telenor Upgrades 2500 Sites Across 6 Circles To Improve Data, Voice Services
  • LED Bulbs Distribution To Start In Uttarakhand, West Bengal, Karantaka, Jharkhand
  • Union Budget 2016 May Give Boost To Cashless Transactions
  • ECB Disappoints Markets With Bare-Minimum Easing Package
  • Losses From Chennai’s Rains Of The Century Pegged At Rs15,000 Crore
  • Ownership Question Trips Small Finance Bank Licenses
  • 1 Rupee Call Drop Fine May Cost Telecom Firms $8 Billion
  • Bharat Forge, Musashi Said To Consider Bids For Amtek Auto’s German Arm
  • Reliance Jio: A Worry For Both Competitors, RIL Shareholders
  • Flipkart Buys Stake In Mapmyindia To Improve Delivery Operations

  • Flipkart Reports A Loss Of Rs2,000 Crore In FY15
  • BSNL FY15 Operating Revenue Up 4.16% To Rs27,242 Crore
  • Anil Ambani’s Reliance Defence Applies For Additional 16 Industrial Licenses
  • Chennai Floods: PM Releases ₹1,000 Cr From Disaster Fund
  • Services Sector Hits 5-Month Low Of 50.1 In November: HSBC PMI Index
  • Quikr Acquires Real-Estate Analytics Platform Realtycompass
  • Buyout Of Zylog’s Polypropylene Business Will Propel Lyondellbasell To The Third Spot In India
  • After Ramdev, Baidyanath Group Chants The FMCG ‘Mantra’
  • Mahindra Conducts Raids Of Counterfeit Spare Parts In Hyderabad

Today’s Wealth Mantra !

“Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.”
-Peter Lynch

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Retail News Round Up_Nov 30,2015

Retail News :

  • Promoter of QikPod  want to make QikPod worlds largest parcel locker network
  • Coca-Cola likely to enter pure dairy segment, to compete with Amul, Britannia and Nestle
  • Patanjali to invest Rs 1,000-crore on expansion
  • Online food-ordering startup Swiggy in talks to raise around $40 million
  • Character merchandising startup Superhero Brands raises Rs 3.6 crore
  • PVR to add 23 screens, take total to 500 this fiscal
  • Import Data Confirms Reliance Jio 4G Services Launch on Track
  • Video streaming platform Hotstar begins global expansion on website
  • Uber launches performance based loyalty programme for its drivers

 

Today’s Wealth Mantra !

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

– Warren Buffett

 

 

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Retail News Round Up_Oct 30,2015

Retail News :

  • Tata Trent’s Trend West acquires Bengaluru based brand Eat.Shop.Love.
  • In a first, Haryana allotts all its 1,236 liquor retails outlets through e-tendering process
  • Godrej Interio to invest Rs 300 crore in domestic market
  • Indias luxury goods market to hit Rs7,100 crore in 2015
  • Ecommerce Sites May Soon Start Selling Mutual Fund Products Online
  • Reliance Jio to raise Rs 3000 Cr by issuing debentures

 

Morning Business News Round up_October 20, 2015

Morning Business News :

  • S&P Retains India’s Rating At BBB-, Rules Out Upgrade
  • Govt Hikes Import Duty On Wheat To 25% From 10%
  • Govt To Import 3k Tonnes Of Pulses To Contain Prices
  • Dot May Conduct Audit Of Telcos From 2008 Onwards
  • R Rajan Slams IMF For ‘Applauding’ Easy Money Policies
  • Care Ratings Lowers India’s GDP Forecast To 7.5-7.6% In FY16
  • Tata Comm Eyes Acquisitions To Improve Product
  • Walmart Paid Millions In Bribes In India: WSJ

  • RBI To Provide More Bank Licences, Says Mundra
  • Maggi Manufacture, Sale Allowed In Karnataka
  • Power Ministry Proposes Compensation At 85% Of Land Value For Tower Base Area
  • Indigo To Retire Rs 1,166 Cr Debt From IPO Proceeds
  • Infosys To Acquire US-Based Noah Consulting For $70 Mn
  • Telangana Government, Cement Firms In Talks Over Supply Pricing
  • Gujarat Lifts Ban On Sale Of Maggi
  • PFRDA To Seek Tax Exemption For NPS At Withdrawal Stage
  • HCL Technologies Q1 Net Profit Dips 2.7% To Rs. 1,823 Cr
  • L&T Supplies First Parts Of Cryostat For ITER Facility
  • Reliance Jio Likely To Delay Its December Pan-India Launch
  • Indigo IPO To Hit The Market On 27 October
  • Square Yards Acquires Creative Design Studio Oryden Tech Labs
  • Morgan Stanley Profit Plunges 42% As Trading Revenue Slumps
  • PNB Housing Finance Plans Rs2,500 Crore IPO
  • Sensex Gains For Third Day, Nifty Closes At 8,275; Reliance Industries Surges 5.5%
  • Ultratech Q2 Net Up 3%, Expects Demand To Pick In H2 FY16
  • Middle East Set To Become World Leader In Internet Devices
  • Coal Imports Decline By 27% To 12.6 Million Tonnes In September
  • Options Get Boost As Stakes Increase In Derivatives
  • REC Plans To Garner Rs 700 Cr Via Tax-Free Bonds
  • India At Rock Bottom In Global Pension Index
  • Pimco Assets Stabilize A Year After Bill Gross’s Surprise Exit
  • IBM Revenue Missed Even The Most Pessimistic Estimates

 

Morning Business News Round up_September 16, 2015

Morning Business News :

  • RBI Base Rate Calculation Norms May Help Monetary Policy: ICRA
  • Govt To Pump Rs 70,000 Cr In Replacing Old Power Units
  • 9 Biggest Banks To Form Blockchain Partnership
  • Advance Tax From Steel, Banking Sectors Registers Fall
  • Trade Data: Exports Fall 20.7 Per Cent Y/Y In August
  • Fed Meets, Decision On Rate Hike Seems Like A Toss-Up
  • SFIO Probes Fund Diversions By Kingfisher Airlines
  • Tata Front Runner For GE Capital’s Stake In SBI Cards
  • China Falls Drag World Stocks Back Into Red
  • India’s FX Reserves Loss In August Fourth Highest Among Ems
  • Everstone Closes Its Third Private Equity Fund At $730 Million
  • Suvidhaa Acquires Mobile Pos Platform Aasaanpay
  • ONGC To Complete 12 Projects Worth Rs 13K Cr By May 2016
  • Orchid Pharma To Convert Rupee Term Loans To Foreign Currency Loans
  • To Check Bad Loans, RBI For Cap On Lenders In A Consortium
  • Industry Body Urges Centre To Re-Define Msmes
  • Fertiliser Cos See Good Sales Growth In Kharif Season
  • Corporate Agents Can Now Sell Policies Of Up To 3 Insurers
  • Modi Asks Sri Lankan PM To Support Indian Investments In Infra, Energy
  • Biocon Opens New Facility To Make Insulin Devices In India
  • Npas Grew Faster Than Bank Credit During 2011-15: RBI
  • Infosys To Announce Q2 Results On 12 October

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  • Sebi Asks Mfs To Explain Corporate Bond Investments
  • IDFC Alternatives To Buy Operational Road Projects
  • Finance Ministry Falls Short On Promised Contribution To EPS
  • India Acquiring Energy Assets Through The Oil Price Roller Coaster
  • Sensex Ends 151 Pts Down On Caution Ahead Of US Fed Meet, Nifty Settles At 7,829
  • Expecting Quick Reforms In India Unrealistic: US Official
  • Reliance Jio Launches Unlimited Free Wi-Fi At Select Places In Mumbai
  • Govt Cuts Import Tariff On Gold, Silver
  • India Home To 1.98 Lakh Millionaires; 11th Largest Globally
  • Govt Looks To Settle `3L Cr Combined Discom Debts
  • Vedanta-Cairn India Merger Gets Go Ahead From Bourses
  • ING Merger Will Boost Kotak Life’s Bancassurance Business
  • IOC To Invest Rs 1.75 Trillion Over 7 Years
  • TAM Acquires Thai Electronics Brand Abaz World
  • Fis Allowed To Invest Through Partly Paid Shares