Morning Business News Round Up_ Dec 31, 2018

Morning Business News :

  • Banks recover Rs 40,400 crore from defaulters: RBI
  • Reliance, BP get key ship on KG-D6 for gas output
  • Make enough financial allocations for farmers: Par Panel
  • Provision coverage ratio of PSU banks on the rise
  • 26 firms evince interest in special audit of telcos
  • Sebi plans to strengthen market surveillance system, data warehouse tool
  • Govt working on bringing untaxed sectors under tax net: Revenue Secy
  • Rs 3-trn NPA risk averted by completing highway projects in 2018: Gadkari
  • Jet Airways in talks with SBI for Rs 15 billion short-term loan: Report

Image result for jet airways

  • Cipla recalls 4,800 bottles of anti-HIV tablets from American market
  • MSTC mulls 10% fresh equity issue after govt plan to dilute 25% stake
  • India’s robust GDP growth to continue in 2019, says CII report
  • NTPC to set up 50-MW LNG project in Andaman
  • Committee to monitor DFI implementation soon
  • Govt seen going full throttle on labour reforms in 2019
  • Air India, Jet Airways see dip in domestic market share
  • Emerging markets seen bringing more pain to investors in 2019
  • Theresa May sets mid-January date for Brexit vote
  • Sebi expands OFS framework to all firms with Rs1,000 crore and above m-cap
  • RBI extends enhanced single borrower limit facility till March
  • RBI exploring mobile phone-based solution to help visually impaired identify banknotes
  • Niti Aayog’s new year focus: Pushing growth, implementation of govt’s reform measures
  • Petrol price cut to its lowest level in 2018, diesel rates at 9-month low
  • Govt proposes to invest Rs 1,227 cr through EDF
  • New NHAI norms may slow down project awards
  • Debt Waiver May Slow State Capex Growth
  • Re-audit of telcos’ books to begin in jan

Morning Business news Round Up_March 21,2016

Morning News :

  • Despite a bad monsoon, India will deliver growth in excess of 6%
  • India’s per capita income to cross Rs 1 lakh in FY17
  • Relief for Vodafone: Retro tax settlement scheme from June 1
  • Oli in China on maiden visit with eye on key deals
  • Corporate Affairs Ministry amends norms related to buyback offers
  • Anil Agarwal’s $10 billion LCD plant to start production in 2018
  • Wheat production to be higher than in the previous year
  • Maruti races ahead to capture nearly half the market
  • Fixed-dose drug ban boosts hope for ayurveda
  • Lafarge India begins Rs 10,000-cr sell-off
  • Historic gas auction witnesses negative bids from power plants
  • Govt defends interest rate cut on small savings
  • Mallya default singes top auditing companies
  • Thousands of Tata Steel UK employees fear rejection of rescue plan
  • Sebi mulls allowing bank KYC for securities markets
  • Exporters risk being blacklisted when new EU rule kicks in
  • Centre introduces new norms for plastic waste disposal
  • ‘Auto firms should go green, not wait for regulatory push’
  • Jewellers call off 19-day strike as Centre sets up task force
  • Exporters risk being blacklisted when new EU rule kicks in
  • BERC to announce new power tariff on Monday
  • Patanjali will overtake Colgate and Unilever: Baba Ramdev
  • Parliament panel favours bringing tobacco production under regulatory regime
  • China’s central bank chief sounds warning over rising debt
  • Banks await RBI policy before cutting rates
  • Adani’s licence request for CNG-retailing in Lucknow rejected
  • FPIs infuse Rs 11,000-cr in stock markets in March
  • Dabhol, GMR, GVK, Lanco secure gas under PSDF scheme
  • Top 6 cos add Rs 37,414 cr in M-cap; TCS lead gainer
  • IRDA okay with LIC investment in public sector banks
  • Online shopping to rise by 78% this year: Assocham-PwC
  • Govt to borrow Rs 3.5 lakh cr in April-Sept
  • Edible oil imports up on growing demand and slowing production

 

 

Today’s Wealth mantra !

“When you’re an investor, you can look at the quantitative and qualitative elements of an investment, but there’s a third aspect: What you feel in your gut.”

-Kevin O’Leary

 

current scheme

Today’s M & A Deals_March 15,2016

M & A Deals :

  • Food retail analytics platform Jolly Food Fellow raises pre-Series A funding
  • Online pharmacy startup eSwasthya raises angel funding
  • Clinical supplies e-commerce startup PinkBlue raises $224K in seed funding
  • Mahindra launches tractor rental services app Trringo
  • Wipro invests in US startup Emailage
  • Kotak Mahindra, CPPIB to invest $525M in stressed assets
  • SEBI bars wilful defaulters from raising capital from markets, acquisitions
  • UK’s Campden Wealth ties up with Patnis to enter India

 

Today’s Wealth Mantra !

“The individual investor should act consistently as an investor and not as a speculator.”

― Ben Graham

current scheme

Morning Business News Round up_Mar 03, 2016

Morning Business News :

  • Govt may drop plan to impose 2%levy on air tickets
  • Bear Market Claims First Victim As Radhakishan Damani Loses Coveted Status Of Forbes Billionaire
  • Jaitley pledges all support to keep PSBs in ‘good health’
  • New RBI capital norms may push up CAR by 1%: SBI CFO
  • ATF price up 12%; non-subsidised LPG rate cut by Rs 61.5
  • ABG Shipyard likely to get Rs 600cr infusion from Masan: Srcs
  • Govt may drop plan to impose 2%levy on air tickets
  • IMF projects 7.3% GDP growth rate for India
  • 50-bps+ rate cut possible if inflation is under control
  • Ajay Piramal in race to buy Lafarge’s $2 bn India biz
  • PSU banks rally on RBI move; shares surge by up to 12.5%
  • India plans to bring Iran back into banking clearing union
  • RIL, Tata Steel, Adani to gain from investment allowance rejig
  • Govt expects Real estate Bill to be a reality soon
  • NPAs of PSBs at Rs 3 lakh crore: CBI chief Anil Sinha
  • Putin says Russian oil producers agreed to freeze output in 2016
  • Sebi’s 1st big action in castor seeds futures scam

  • Hinduja group formally acquires London’s iconic Old War Office building
  • World Bank announces second auction for emission reductions
  • Surge in billionaire count in India jumps 333%
  • Relaxation of offshore fund norms is not enough, feel experts
  • Tax on dividends beyond Rs. 10 l:  Ministry rules out review of proposal
  • BEML bags Rs. 900 cr order from Kolkata Metro Rail
  • Plastic waste recycling start-up Banyan Nation raises $800,000
  • Global financial market volatility could be disruptive for India
  • China rating outlook cut as Moody’s warns of debt, reform risks
  • RIL to double market cap to $100 bn in 3-4 years
  • Dabur, Marico and P&G drop prices of flagship products in January
  • Vodacom, Neotel transaction lapses due to regulatory complexities
  • Sensex closes 463 points up led by gains in banking stocks; Nifty settles above 7,350; SBI surges over 12%
  • CBI blasts lenders for KFA fraud, not filing complaint
  • Jindal Steel share price surge 7% on power assets sale buzz
  • Gold prices extends losses on robust US data, higher stocks
  • Bullion traders slam duty move, gold markets shut for 3 days
  • Gold refiners face risk of UN sanction for conflict gold import
  • Infra bonds not to be tax-free in FY17
  • NTPC may get more time to meet emission norms
  • Rupee hits 7-week high of 67.54 vs $, up 31 paise

Today’s Wealth Mantra !

“As financial markets continue to broaden and deepen, the behaviour of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past”

-Timothy Geithner

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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

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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

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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

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Morning Business News Round up_January 15, 2016

Morning Business News :

  • Rupee Tumbles By 44 Paise To More Than 2-Year Low At 67.29
  • Gold Bond Tranche Opens On January 18, Other Scheme Nets In 500 Kg
  • CBI Unearths 553 Acre Land, 61 Offices In CP Owned By Pearl Group Owner Bhangoo
  • Indian-Origin Family Firm Eyes Tata Steel Scottish Plants
  • UN Downgrades India GDP Forecast For 2016 To 7.5% From 8.2%
  • New Policy Likely To Boost ‘Make In India’ By Allowing 100% Credit For Taxes Paid On Inputs
  • Union Budget 2016 On Feb 29
  • Japan Banks, Cos Ready To Invest In India’s Energy Sector
  • Govt To Set Up A New Department For Auto Sector
  • Sebi Contemplating Action Against Commodity Manipulators
  • Growth In Coal-Based Power Installed Capacity Down To 10.8%
  • Govt Task Force Recommends Stringent Rules For Online Pharmacies
  • Mkts Saddled With Rs 6,500-Cr Inflation Bonds
  • WPI Contraction Eases In December At (-)0.73%
  • Reliance Defence Buys Saab’s Stake In Pipavav

  • FIPB Clears 5 FDI Proposals Worth Rs. 6,050 Cr
  • Nepal Proposes Team To Review Pacts With India
  • Continued Selling Drags 17 Public Sector Banks To Fresh 52-Week Low Levels
  • Rcom Gets Nod From Bourses For Takeover Of Sistema JSFC’s India Biz
  • Infosys Beats Estimates With 6.6% Rise In Q3 Profit, Shares Jump Over 4.3%
  • ICICI Bank’s Mortgage Portfolio Crosses Rs1 Trillion
  • Saint-Gobain To Invest Rs1,000 Crore In Chennai Facility
  • SRL Diagnostics In Talks With Top PE Funds For 34% Stake Sale
  • Sebi Plans Additional Checks For Rating Firms
  • China Growth Concerns Pose Challenge For India: SEBI Chief
  • India’s Retail Market Can Touch $1,200 Bn By 2020
  • Sensex Ends 81 Pts Down In A Choppy Trade, Infosys Gains
  • Aadhaar ID World Bank Saving Govt About $1 Bn Per Annum
  • Federal Bank Sells Essar Oil Debt To Edelweiss
  • $45b Trade Deficit Tells Different Sino-Indian GDP Tale
  • JSPL Puts On Hold Selling Of Non-Core Assets, Expansion Plan
  • Modi Moots Industrial Cluster For Korean Firms
  • PFRDA Notifies New Pop Charges For NRI Accounts
  • World Bank Concerned Over Facebook’s Model Of Free Internet

Today’s Wealth Mantra !

“Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.”

– Warren Buffett

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Morning Business News Round up_January 04, 2016

Morning Business News :

  • Budget May Offer Sops For Equity Investments
  • TCS Restarts Talks To Buy Perot IT Biz From Dell
  • India Stands Out To Win As The World Battles 3D Effect
  • New Norms For High Value Transactions From April 1
  • Big Oil To Cut Investment Again In 2016
  • Cement Prices Decline 7.3% Due To Lack Of Demand In Dec
  • IRDAI Asks Insurers To Report Ownership Structure By Jan 18
  • HSBC Cuts Ties With UK Islamic Charity Over ‘Terror’ Fears

  • Wheat Output May Drop For 2nd Year Straight Due To Warm Winter
  • Raise Tax Deduction Limit For Long-Term Savings To Rs 2.5 Lakh, Says Assocham
  • Ashok Leyland Sales Up 31.4% In Dec
  • Tata Steel’s Workers In Scotland To Get New Package
  • TRAI Asks Telecom Companies To Start Compensating For Call Drops
  • Govt Will Offer ‘Attractive VRS’ To Hindustan Cables Employees: Minister
  • Centre Gives Coastal, Forest Clearances To Mumbai Trans Harbour Link Project
  • Sebi Spells Out Compliance Norms For Investors Of Listed Exchanges
  • Sterlite Grid Completes 200km Transmission Project In Rajasthan
  • IDBI Bank Raises Rs.900 Crore Via Basel-III Compliant Bonds
  • NHAI May Use GSFC ‘Nylon-6’ Products For Road Projects
  • Modi Pitches For Self-Reliance In Defence Manufacturing
  • Mahindra & Mahindra To Promote Bio-CNG Plants
  • Petrol, Diesel Excise Hike To Enrich Exchequer By Rs 10k Cr
  • Jan-Dhan Bank Accounts’ Corpus Nears Rs 30,000 Crore
  • MF Industry’s Asset Base Surges 21% To Rs 13.4 Lakh Cr In 2015
  • Fpis’ Net Debt-Markets Inflow Drops To $7.4b In 2015
  • Telecom Sector To Witness More Mergers This Year

Today’s Wealth Mantra !

“Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this.”

– Dave Ramsey

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Morning Business News Round up_December 31, 2015

Morning Business News :

  • Windfall Awaits Oil Cos As Under-Recoveries To Dip
  • Govt Fears Rs 50K Cr Shortfall In Divestment Proceeds
  • Demand For Big Oil Ships Up On OPEC Output Limit Ban
  • Rcom, Aircel To Pare Debt To Rs 20,000 Cr Ahead Of Merger
  • Government Calls Off Fourth Round Of Coal Block Auctions
  • Civil Aviation Policy To Come For Cabinet Nod In January
  • IT Dept Publishes Names Of 18 Defaulters Owing Over Rs 1,100 Crore
  • Sebi To Seek Report From Commexes And Traders On IT Raids
  • Prakash Steelage To Sell 12.47% More Stake In JV To Tubacex Of Spain
  • Balco Unions Petition PMO To Bail Out Struggling Aluminium Industry
  • Tata International Plans To Widen Agri-Business In Africa
  • IDFC Bank To Turn ₹350-Cr Lanco Infra Loans To Ccds
  • Essar Oil Creates History With Largest Delisting, Offers Rs262.80/ Share

  • Dr Reddy’s Relaunches Nexium Generic In The US Market
  • Experts Hopeful Of Better Times For Investors In 2016
  • India Mobile Phone Subscribers Cross 1 Billion, Shows Trai Data
  • Companies Raised Rs68,608 Crore Through Capital Markets During 2015
  • JMT Auto Promoters Pledge Shares To IL&FS Trust
  • Trai Extends Deadline For Comments On Net Neutrality Issue
  • Govt To Spend Rs5,000 Crore For Solar Rooftop Systems
  • India Needs To Increase GDP Growth Rate By At Least 1-1.5%
  • Indian IPOs Set To Raise Over $5 Bn In 2016, A Six-Year High
  • GAIL In Talks With Golar LNG For Shipping US Gas
  • Sensex Snaps 2-Day Winning Streak, Ends 119 Points Down
  • Gold Prices Poised To End Lower For A 3rd Time In A Row
  • Sebi To Finalise Crowd-Funding Norms In A Few Months
  • BSE’s MF Platform To Accept Orders 24×7 From January
  • Tax Appeal Before Commissioners Must Be E-Filed
  • Norway-Based SINTEF To Help In Recycling Construction Waste

Today’s Wealth Mantra !

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

– Phillip Fisher

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