Sebi Archives - Page 2 of 5

Morning Business News Round up_December 29, 2015

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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_December 24, 2015

December 24, 2015 beelineadmin

Morning Business News :

Govt Mulls Tax Sops On Esops, VC Investments
Energy Sector Will Generate $250 Bn Investment
Govt Delays Law, GST Deadlock Remains
Govt Says Closing In On Westinghouse Deal Worth $150 Bn To Build 6 Nuclear Reactors
OVL’s $1.26 Bn Vankor Buy To Be Signed Tomorrow
Essar Oil Gets Okay For Institutional Sell-Off; Time To Delist From Bourses
Sebi Panel Advises On Removing ‘Conflict Of Interest’ While Rating
Rajan Raises Concerns Over High Corporate Sector Vulnerabilities
Rcom Suspends Launch Of Free Basics Till TRAI’s Approval
World Bank Feelers To Part-Finance India Post’s Payments Bank
Indian Railways Signs Rs 500 Cr Pact With Coal India For Supply Of 2,000 Wagons
CBDT Issues MAT Order Pertains To Foreign Companies
Piramal Enterprises Buys 5 OTC Brands For Rs 92 Crore
Court Asks MCA To Decide On FTIL-NSEL Merger By Feb 15
Lupin Gets USFDA Nod To Market Potassium Chloride Capsules
Nalco Inks R&D Pact With Chalieco Of China
Idea Launches 4G Services In Five Southern States

Small Investors In Dark Over Sahara’s Latest Shadow Banking Schemes
Welspun Enterprises Divests 37% Stake In Dewas Bhopal Road Project
Boards Raise Scrutiny As Infosys And Wipro Bet Big On Start-Ups
Sensex Rebounds 259.65 Points, Nifty Ends At 7,866
DLF Gets Rs 1992 Cr From GIC From Stake Sale In 2 Projects
Npas Jump 50 Bps To 5.1% Between March And September Quarters: RBI
Dr Lal, Alkem Make Strong Debut On Bourses
SAIL To Soon Launch Rs 400-Crore Voluntary Retirement Scheme
Wipro To Acquire Viteos Group For $130m In Outsourcing Push
L&T Bags Orders Worth Rs 1,178 Crore In December
Over Rs 16k Cr Undisclosed Income Detected In 20 Months
Sebi Attachment Orders Up 5-Fold At 1,610 In FY15

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 22, 2015

December 22, 2015 beelineadmin

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

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Morning Business News Round up_December 14, 2015

December 14, 2015 beelineadmin

Morning Business News :

Tata’s 80% profit comes from only 20% of group cos
Investors begin to warm up to National Pension System
Govt proposes AAR to help traders obtain advance ruling on GST
Railways may miss Rs 1 lakh-crore capex target: BofA-ML
Cairn India on course to roll out oil recovery plan
Government aims to raise Rs 3 lakh crore from fuel cess; to fund road schemes
India Inc garners over Rs 6 tn in 2015 from capital markets
India defends most red lines in Paris pact
Govt may fix minimum import price for steel products this week
Chhattisgarh plans mega paddy procurement from dry land
Foreign investors want govt to defer Coal India stake sale
Centre to control Bt cotton seed prices by fixing MRP
Maruti Suzuki gets favourable ruling on ad spend issue
India, Japan ink pacts on civil nuke, bullet train, defence cooperation
Cement companies get a reprieve as Tribunal quashes CCI penalty
Indo-US nuclear deal could be implemented in 2016
CCI seeks public scrutiny of Rs500-cr PVR-DT Cinemas deal
IOC to invest Rs1.75 trillion in expansion projects
Domestic mutual funds buy shares worth Rs69,000 crore
Market valuations of top 5 companies slump by Rs 47,445 cr
Sebi puts in place software testing norms for commodities market

FDI in services rises 20% to $1.46 bn in first half of FY16
Fed meet, inflation key drivers for mkts this week
Aero charges at small airports may go up by 45%
Crude to see further correction as Opec output remains strong
Rising acceptance of generics to boost pharma growth
Greece reaches deal to unlock further bailout funds

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

Morning Business News Round up_December 09, 2015

December 9, 2015 beelineadmin

Morning Business News :

V-Guard On Acquisition Spree With Rs 500 Crore Kitty
Promoters Look To Sell Home Finance Business Of AU Financiers For Up To Rs 1,000 Crore
India’s Media & Entertainment Business Ranks 4 In The World In Attracting Investment
Havells To Dilute Majority Stake In Sylvania To Focus On Domestic Market
Despite RBI’s Solution, Banks Can Still Disguise Bad Debts
Kaya To Acquire Majority Stake In UAE-Based Iris Medical
Yes Bank Commits $5 Bn For Climate Action In India
Rourkela Steel Plant Sets Up 1 MW Solar Unit
NMDC Gets 3 New Non-Official Independent Directors
SBI Says Never Agreed To Fund Adani Group’s Australian Coal Project
Standard Chartered Raises Rs 14 Crore From Rights Issue Entitlements Of Idrs
Unichem Lab Gets USFDA Nod For Hypertension Drug
Iran Topples Kuwait To Become India’s Fifth Largest Oil Supplier
Air India Doubles Revenue From Star Alliance

Oil Steadies After Hitting 2009 Lows
Sebi Likely To Bring Crowdfunding Under Regulatory Framework
Ipos Of Dr Lal Pathlabs And Alkem Labs See Good Demand
RBI Governor Raghuram Rajan Optimistic About Passage Of GST
Fairfax Acquires Additional 22% Stake In IIFL For Rs1,341 Crore
Vodacom To Buy Majority Of Tata Comm’s Neotel Fixed Line Business
Vodafone Announces 4G Services Roll-Out
Smart Cities, Energy And Mobility Our Target Areas: Siemens India CEO
Tata Motors Launches New Variant Of Safari Storme
Govt Falls Short Of Target For Power Purchase From Renewable Sources
Toyota To Hike Vehicle Prices By Up To 3% From January
Alkem Lab Upbeat On Growth In Domestic, Global Markets: CEO
American Footwear Brand Skechers Plans Local Manufacturing
Maruti Suzuki Unveils Discounted Service Scheme
L&T Bags Orders Worth Rs. 1,960 Cr
Gati Infra To Raise £100 M For Green Energy
Bankers’ Clear Electrosteel Steels SDR Package
Hetero Gets DCGI Nod For Hepatitis C Drug
PFC Board To Consider Interim Dividend Next Week
Wockhardt Gets QIDP Status For New Antibiotic Drug
Cognizant Pledges $40 M For Flood Relief
Chennai Reconstruction To Push Up Cement Demand
Ashok Leyland Set To Change Track After Expansion Spree
ONGC Supports Cairn Plea For Rajasthan Block’s Term Extension
Railways Plans Metro Coach Factory In WB

Today’s Wealth Mantra !

“An investment in knowledge pays the best interest”

-Benjamin Franklin.

Morning Business News Round up_December 07, 2015

December 7, 2015December 7, 2015 beelineadmin

Morning Business News :

Iran To Sign $3 Bn Gas Contract With Consortium Of Indian Cos
Micromax Annual Revenues Cross Rs 10,000 Crore In 7 Years

Rajya Sabha Numbers Make GST Bill Talks Binding On NDA Government
Fairfax Holdings, Changi In Talks With GMR To Invest Rs 3,200 Crore For 30% Stake In Airport Biz
Bus Aggregation Startups Like Shuttl, Zipgo To Benefit From Arvind Kejriwal’s Odd-Even Rule For Private Vehicles
Sebi Show-Cause Notice May Hinder RBL Bank’s Rs 1,450 Crore IPO Plan
Cipla Reshuffles Its Senior Management Team Again
Delhi & Tokyo May Ink Pact For India’s First Bullet Train During Japanese PM Shinzo Abe’s Visit
Adani Ports Keen To Enter Maharashtra, Andhra Pradesh, Karnataka And Foreign Nations
Shemaroo Partners With DTH Players To Launch ‘Miniplex’
Tata Steel May Be Nearing A Deal On UK Plant
Railways Has Undertaken PPP Projects Worth Rs 14,000 Crore
Irdai To Launch Portal For Health Insurance Plans Information
Baidyanath To Make FMCG Foray With Cosmetics, Wellness Products
Telecom Companies Suffers Rs 300 Crore Loss Due To Chennai Floods
Sebi Likely To Set Strict Norms For Stock Exchange Shareholders

Chennai Banks To Remain Open On Sunday To Get Cash Flowing
Hindalco Looks To Exit Copper Mining And Focus On Smelting
Essar Oil To Delist At Floor Price Of Rs146.05 A Share
Leverage Ratio For Banks Can Rise As High As 5%
GMR Infra Inks $300-M Bond Deal With Kuwait Investment Body
Sona Koyo To Launch Power Steering For Small Tractors
Apollo Tyres Resumes Operations At Oragadam Plant
Tata Sons To Acquire Additional 0.22% Stake In Titan
Sanofi Arm Launches Polio Vaccine In Domestic Market
Godrej Launches Cuisine Regale, A Lifestyle Modular Kitchen Gallery Brand
Birla Group To Expand Textile Value Chain
Progress On GST To Set The Trend For Equity Markets
Cera Plans Enhanced Presence In Central India
Tata Group Eyes $350 Billion Market Cap By 2025

Mondaymotivation Wealth Mantra !

“The investment in knowledge always pays the best interest”

-Benjamin Franklin

Morning Business News Round up_November 30, 2015

November 30, 2015November 30, 2015 beelineadmin

Morning Business News :

Economic growth seen picking up, RBI may hold rates steady
Yes bank sells United Breweries shares pledged by Vijay Mallya to Heineken International
Delhi HC turns down Bayer’s plea against Dr. Reddy’s Labs’ anti-stroke pill
Welspun Group to sell its renewable energy business, appoints Barclays to look for a buyer

Coca-Cola likely to enter pure dairy segment, to compete with Amul, Britannia and Nestle
30 lenders of Essar Steel agree to move Rs 14,500 crore of term loans under 5:25 scheme
SpiceJet to choose between Airbus & Boeing for plane order
Yes Bank invokes UB shares worth Rs 778 crore
Nestle India may consider second interim dividend
Telecom, I&B ministry to use broadcast airwaves for mobile services
Gems and Jewellery exports dip 18% during April-October
Emami to hike paperboard investment to Rs 2,000 crore in 3 years
Domestic construction equipment industry to grow to $15 billion by 2020
Mankind Pharma to invest Rs 200 crore to open 2 plants by mid-2016
Government in talks with various markets to accept Indian drug norms
Amul expanding processing capacity, distribution reach
Patanjali to invest Rs 1,000-crore on expansion: Baba Ramdev
International proxy firm Glass Lewis supports Maruti’s Gujarat plan
Chennai rains dent logistics, auto companies supply chain
Trai issues consultation paper for spectrum auction
Government bats for revising RPO target to 10% by 2022
Biocon’s revenue could hit $1 bn in four years, says Kiran Mazumdar-Shaw
Cipla inks investment pact with FIL Capital Investments
Sebi penalises Polaris promoter Arun Jain for insider trading
Novartis said to consider selling contact lens care division
Delhi HC allows Hoffman’s appeal against Cipla for lung cancer drug patent
Fortis buys Religare Health Trust for $15 million
Pipavav Defence to exit corporate debt restructuring
Plea filed against Volkswagen for flouting emission norms in India
Oil majors queue in Iran as $30 billion of projects in play
Top MFs eyeing a 24% stake in Jamna Auto
Vedanta, Hindalco dropped from Sensex; Adani Ports, Asian Paints added
Gas transmission firms clock gains on back of favourable policy
Emami to hike investment in paper boards to Rs. 2,000 cr
NuPower commissions 30 MW wind farm in Maharashtra

Mitsubishi Electric opens $8 m propulsion unit in Bengaluru
German auto components maker RLE plans to grow India revenue to €20 m
Japan to extend Rs 5,479-cr loan for Chennai, Ahmedabad metro rail projects
BSNL to expand Wi-Fi services to more AAI-run airports
Norms for increasing bio-diesel, bio-CNG usage by Dec: Gadkari
Australian govt gives nod for uranium supply to India
Vedanta’s loss on Odisha refinery crosses Rs 4,000 cr
Food safety regulator and industry at loggerheads again
Govt to advance higher vehicle emission deadline by three years
Land Rover phases out its cheapest SUV Freelander 2
Varanasi villagers blame Coca-Cola for water scarcity

Today’s Wealth Mantra !

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

– Warren Buffett

Morning Business News Round up_November 17, 2015

November 17, 2015 beelineadmin

Morning Business News :

EU, IMF working on easing Greek debt burden: ECB
India for global efforts on return of illicit overseas funds
ICICI to sell 6% stake in life insurance unit to Premji
Gold imports dip 59.5% to $ 1.7 bn|Exports dip 17.5% in Oct
RInfra’s Rs 1,263 cr open offer for Pipavav on Dec 2
Warren Buffett’s Berkshire cuts Goldman stake

Sebi asks commodity bourses to frame disaster recovery policy
Exports fall for 11th straight month, down 17.53% in October
Trade deficit narrows to $9.77 bn in October
Sugar output may fall by 4.6% to 26.8 mn tonnes this year: ICRA
Canadian pension firm buys 49% in RInfra’s Mumbai power biz for Rs 3,500 cr
DLF gets CCI approval for Rs 1,990-cr deal with GIC
8 banks file bids to manage Rs 21k-cr Coal India stake sale
Fitch assigns stable outlook rating to Reliance Ind
KPMG foresees solar tariff at Rs 3.59 in ten years
Apollo Tyres buys Reifencom GmbH for €45.6 mn
Drop in scrap steel prices, Re slide versus $ hit Alang ship-breakers
Oil Ministry proposes pricing freedom for natural gas produced from auction of hydrocabon blocks
Marriott to buy Starwood to create world’s biggest hotel chain
Japan’s growing generic market woos more Indian pharma firms
Telecom commission approves Trai’s views on spectrum cap
FSSAI moves Supreme Court against lifting ban on Nestle’s Maggi noodles
GDP to exceed 7.3 per cent in current fiscal year: Jaitley
El Nino worst in over 15 years, severe impact likely: UN
IRFC set to launch rupee-denominated bonds in Jan
Sensex closes 150 points up, Nifty settles above 7,800
Inflation at (-)3.81% in Oct; pulses, onion expensive
India aims 6% share in $300b global IoT industry: DeitY Secy
India won’t need coal imports by 2017: Goyal
Shipyards get a sinking feeling on rupee fall, soft prices
Shasun Pharma gets US FDA nod to market Carisoprodol

Morning Business News Round up_November 16, 2015

November 16, 2015 beelineadmin

Morning Business News:

Japan economy shrinks 0.8% in Q3, back in recession
Global markets brace for short-lived jolt after Paris attacks
Defence ministry changes rules to incentivize foreign firms to form JVs in India
India pledges to up renewable energy output to 175GW
Sunil Mittal urges G-20 to invest in digital infrastructure
India to oppose loan clause on environment at G20
Blackstone realty arm sells stake in Synergy

Petrol price hiked by 36 paise; diesel up 87 paise
IMF says optimistic about India’s growth prospects
Modi govt’s gold schemes have potential to perform better
Fertiliser Ministry seeks more than Rs 25,000-cr for urea subsidy bills
Low demand eats into input cost benefits
BRICS Bank to fund inclusive needs of emerging nations
Modi seeks G20 deadline to lower cost of remittances
‘Low’ may not intensify, but no let-up seen in overall rain
Maruti minority shareholders vote on Gujarat plant starts
SEBI wants MFs to lower salary of senior executives
Jindal Steel to cut costs after Q2 loss
US fines Alstom record $772 million in foreign bribery charges
Volkswagen tags 430,000 new cars with implausible carbon dioxide ratings
Bad loans may rise for Shriram Transport Finance
GMR Infrastructure Q2 net loss narrows to Rs399 crore
Execution delays overshadow strong quarter for NHPC
India can be a pillar of global growth: PM at G20 meet
Downward trend in stocks may continue; WPI data key
Old sites can’t house Ultra Mega Power Plants
Tata Steel gets green nod for sand mining in West Bengal
Builders rush to buy land in weak market
EPFO invests Rs 2,300 cr in ETFs in Aug-Oct
PE investments in India touch $14b till Oct
FPIs take out Rs 2,800 cr in two weeks
Top 10 valued firms lose Rs 94,561 cr in market cap
J&K Bank Q2 profit up 13.5% at Rs 196 cr

Morning Business News Round up_November 09, 2015

November 9, 2015November 9, 2015 beelineadmin

Morning Business News :

India Sebi to raise surveillance to avoid market volatility due to trouncing of BJP-led alliance in Bihar polls
ABB Plans to double sales in India, CEO tells SonntagsZeitung
ABG Shipyard 2Q loss 4.78b rupees vs 1.73b loss
Adani Enterprises and Adani Power Environmental group to challenge Adani Carmichael coal mine
Andhra Bank 2Q net income 2.5b rupees vs 2.3b est.
Ashoka Buildcon 2Q net 401.2m rupees vs 58.1m
Aurobindo Pharma 2Q net 4.52b rupees vs 4.71b est.
Ballarpur Industries 2Q loss 187.8m rupees vs 16.7m profit
Balmer Lawrie 2Q net +75% to 303.7m rupees
Bharat Heavy Wins 2 orders valued at 46.1b rupees in Andhra Pradesh
Britannia 2Q group net 2.19b rupees vs 2.08b est.
Cairn India Is able to add 250m barrels to Rajasthan reserve
Camlin Fine 2Q net -61% to 50.6m rupees
Claris Lifesciences 2Q loss 130.2m rupees vs 203.7m profit
Bank 2Q net income 1.9b rupees vs 1.6b yr earlier; est. 1.43b
Everest Kanto 2Q loss 338.1m rupees vs 252.2m loss
Geojit BNP Paribas 2Q net -38% to 124.2m rupees
GlaxoSmithKline Consumer 2Q net 2.19b rupees vs 1.87b est.

Godrej Industries 2Q net 1.35b rupees vs 951.6m
Great Eastern Shipping 2Q net +85% to 3.83b rupees
Gujarat State Petronet 2Q net 1.09b rupees vs 1.22b est.
Hathway Cable 2Q loss 489m rupees vs 437m loss est. To demerge ISP business into Hathway Broadband
Hindustan Copper 2Q net -57% to 74.1m rupees
Hotel Leelaventure 2Q loss 558.1m rupees vs 1.6b loss
Indraprastha Gas 2Q net income 1.02b rupees vs 1.1b est.
Jindal Stainless 2Q loss 1.88b rupees vs 2.55b loss y/y , To issue 10.5b rupees of shrs, pref. shrs to lenders
Maruti Suzuki to offer automatic versions of WagonR, Stingray
Max India 2Q net 27.4m rupees vs 113m loss
MT Educare 2Q net +21% to 135.2m rupees
Oil & Natural Gas 2Q profit beats, sales trail ests.
Punj Lloyd 2Q loss 2.83b rupees vs 2.64b loss
Reliance Communications 2Q net 1.56b rupees vs 1.69b est.
Reliance Infra Seeks approval for open offer in Pipavav Defence (PIPV)
Rico Auto 2Q net 79.7m rupees vs 20.6m loss
SRF 2Q net 861.1m rupees vs 995m est.
Sun Pharmaceutical 2Q net income -41% y/y to 13.7b rupees; est. 12.7b
Tata Chemicals 2Q net 2.55b rupees vs 2.44b est.
Tata Motors Posts unexpected loss on charge related to Tianjin
Jaguar Land Rover Oct. sales +24% y/y to 41,553 units

Tata Steel Demands suppliers cut prices by 30%: Telegraph; Revenue declines as metal prices stay weak
Unitech 2Q loss widens y/y to 658m rupees from 147m

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