Morning Business News Round up_December 29, 2015

Morning Business News :

  • Blackstone, Birla Corp and Baring Asia enter final lap in race for Reliance’s cement biz
  • Saudi Arabia posts $98 bn budget deficit in 2015
  • Infosys sets up 6.6 MW solar plant in Telangana
  • Oil companies to set up largest refinery in M’rashtra
  • China to replace business tax with VAT for industry
  • Citigroup raises stake in L&T Finance to 7.56%
  • MTNL to offer free roaming from Jan 1: Prasad
  • Sebi to clear decks for sale of MF via e-commerce platforms
  • Minimum import price, tariff barriers can curb steel imports
  • Raheja Corp buys 30 acres from Cabot for Rs 210 cr
  • IOC gets regulator’s nod for Ennore LNG pipeline
  • PAN obligation to hit sales of Rs. 2-5 lakh jewellery
  • Bullion traders body launches World Silver Council
  • Lupin gets FDA nod for generic Femhrt tablets
  • MCX gold in short-term downtrend
  • Jaypee Cement gets approval for expansion of limestone mining capacity
  • India deal unlikely to secure Toshiba’s lofty nuclear plans
  • Snapdeal to invest in logistics to speed up delivery

  • Hybrid debt-oriented funds do not qualify to be equity funds
  • Gautam Adani’s son Karan Adani takes over as CEO of Adani Ports
  • PACL moves Delhi HC for stay of Sebi’s recovery order
  • Reserve Bank of India releases report on financial inclusion
  • Sensex rallies 195 points to close at 26,034, Nifty settles above 7,920
  • Reliance Capital acquires 6.82 pct stake in Saregama India
  • Tax payers earning over Rs 10L/yr not to get subsidised LPG
  • Focus on last mile delivery for inclusion: RBI panel to banks
  • Sebi set to inspect all commodity bourses
  • Fertiliser sector eyes over 2-MT output growth in 2016
  • Govt relaxes guidelines for small, isolated gas fields
  • Amway India’s first manufacturing plant goes on stream
  • PMO joins Sebi chairman’s search panel, FM kept out

Today’s Wealth Mantra !

“Things you like to do should be a hobby of yours, but the things world does should be a business of yours.”

– Warren Buffett


Morning Business News Round up_September 30, 2015

Morning Business News :

  • World Won’t Achieve Goals Without India: Bill Gates
  • Rate Cut Shows RBI Considering Growth Trends Subdued: Moody’s
  • India Need Not Worry About Glencore Troubles: Rajan
  • Govt May Invest Rs 3.3L Cr In Transmission Sector
  • EM Firms’ $18 Tn Debt Needs Careful Watching: IMF
  • Banks Will Have To Follow New Base Rate Calculation: Rajan
  • RBI Allows Fpis To Buy Up To 49% In Eveready
  • Finmin To Compile List Of Projects For Foreign Govts
  • India Up 16 Spots To 55th In Global Competitiveness
  • RBI’s 50 Bps Rate Cut Takes Bond Yields Near 26-Month Low
  • RBI Allows Corporates To Raise Up To $750 Mn Via Rupee Denominated Bonds Overseas
  • Power Grid Commissions First Power Transmission Express Highway
  • Renuka Sugar’s Brazilian Arm Applies For Bankruptcy Protection
  • Suzlon Completes Commissioning Of Wind Power Turnkey Project
  • Antrix Told To Pay Devas $672 Million
  • Rain Deficit Slips Back To 14% As Monsoon Resumes Withdrawal
  • SEBI Issues Final Norms For Commodity Derivatives Brokers
  • Idea Gets Shareholders Nod To Raise Up To Rs. 10,000 Cr
  • Imports To Help India Meet 70% Of Edible Oil Demand
  • Mfs Exposure To Software Stocks Hits All-Time High Of Rs 40,602 Crore
  • Jaitley Nudges Banks To Pass On Rate Cut Benefit To Borrowers
  • Rupee Closes Stronger Against US Dollar At 65.96 After RBI Policy
  • Reserve Bank Shifts Focus From Inflation To Growth
  • Steel Producers Likely To Hike Prices By Up To Rs 1,500/Tonne
  • Govt Delays Implementation Of Bigger Tobacco Pack Warnings
  • Infogain To Buy IT Operations Of Blue Star Infotech
  • Sensex Closes 162 Points Up At 25,779 After RBI Rate Cut Lifts Sentiments, Nifty Settles At 7,843
  • Reserve Bank Of India Lowers GDP Forecast For FY16 To 7.4%


  • Sun Pharmaceutical Makes Tender Offer To Acquire Insite Vision
  • Households Expect Inflation To Stay In Double Digits: Survey
  • US Welcomes Diaspora Role In India’s Development: Obama
  • Govt To Review Interest Rate On Small Saving Schemes
  • Chidambaram Welcomes RBI Rate Cut Of 0.5%
  • Hindustan Motors Misses Interest On Debentures
  • RBI Rate Cut To Benefit Housing, Auto, FMCG Sectors
  • FPI Investment Limit In G-Sec Hiked To 5% Of Outstanding Stock