Morning Business News Round up_November 05, 2015

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

Morning Business News Round up_November 04, 2015

Morning Business News :

  • Investment Limit In Corp Bonds Likely To Hit Liquidity
  • Fin & Commerce Min At Odds Over Gold Import Duty
  • IOC Says Eyeing Stake In Russia’s Vankor Field
  • Boa Sells Money-Market Fund Business To Blackrock

  • Telcos Gear Up For Deals As Competition Heats Up
  • No New Offers Until Plans Are Merged: Sebi To Mfs
  • DLF Q2 Net Rises 21% To Rs 131 Cr
  • Price Of Pulses To Ease On Harvest, Action Against Hoarders: FM
  • Sundram Fasteners Sells Stake In German JV
  • GAIL Q2 Net Profit Down 66% At Rs 440 Cr
  • IRDAI Toughtens Norms For Global Reinsurers Opening India Branch Offices
  • RBI Fixes Gold Bonds Issue Price At Rs. 2,684 Per Gram
  • Assocham Pleads For Industry Status To Gems & Jewellery
  • Finance Minister Reviews Prices Of Essential Commodities
  • Dell Eyes $10 Billion Asset Sales Ahead Of EMC Merger
  • Over 40 % Of China’s Online Goods Shoddy, Counterfeit: Report
  • Cancer Genetics Targets India Acquisitions
  • Standard Chartered To Pare Commodity Business In India, China
  • ABB India Q3 Profit Up 30.6%, Misses Estimates
  • Tech Mahindra Q2 Profit Up 9% To Rs785 Crore
  • Chinese Scare Looms Over India’s Bulk Drug Industry
  • Moody’s Changes Indian Banking Sector Outlook To Stable From Negative
  • Banks Get Rs 2,500-Cr Share In Electrosteel
  • PM To Launch ‘India Gold Coin’, Other Schemes On Nov 5
  • Ratan Tata Invests In Telecom Carrier Sabse Technologies
  • Eyeing Cost Savings, Indian Oil To Double Pipeline Network
  • Mobile Equity Trading To Touch 15-16% Mark In 3 Years
  • Gamesa Bags 200mw Wind Power Order From Ostro Energy
  • EPFO To Act Tough With Employers Delaying Remittance
  • Lupin Gets FDA Nod For Generic Aricept Tablets
  • Cotton Growers Federation Expects Bumper Crop This Year

Morning Business News Round up_November 02, 2015

Morning Business News :

  • India World’s 7th Most Valued ‘Nation Brand’
  • Piramal, Tpg, Baring In Race To Acquire Icici Home Fin
  • Ranking Should Have Been Higher In Wb Index: Fm Jaitley
  • India To Emerge As Largest Cotton Producer
  • Nse To Auction Investment Limits For Rs 852 Cr Bonds
  • Rajasthan Attracts Investments Of Over Rs 1.5 Lakh Crore
  • Sun Pharma May Drop Some Non-Strategic Businesses
  • Ruias To Close Essar Steel’s Asset Sale By Fy16-End
  • Govt May Garner Rs 5k Cr From Phase 3 Of Fm Auctions: Crisil
  • Toyota Kirloskar Motor Sells 13,601 Units In Oct 2015
  • Mahindra Posts 20 Per Cent Jump In October Sales
  • Ioc Eyes 5-10% Stake In Russia’s Vankor Oilfield
  • Ndmc Defers Taj Mansingh Auction Yet Again
  • Uttam Galva-Posco Plant Might Start By Feb-End
  • Nse, Bse To Conduct 60-Minute ‘Muhurat Trading’ On Diwali
  • Coffee Day To List Shares On Bse, Nse On Nov 2

  • Nse Extends Concessional Transaction Fee In Equity Derivatives
  • Gold Imports Dip 45.6% To $2.05 Bn In September
  • Court Tells Govt To Decide On Ftil-Nsel Merger By Dec-End
  • India Post Collects Rs. 800 Cr From Cash-On-Delivery Facility
  • Greek Banks Must Find Up To €14.4 Billion After Ecb Stress Test
  • R-Com To Consider Sistema Shyam Tele Merger On Monday
  • Vedanta Seeks Cut In Iron Ore Export Duty, Levies
  • Idfc Posts Larger-Than-Expected Quarterly Loss On Provisions
  • India Unprepared To Tackle Online Data Security: Report
  • Profitability Is Focus Of Infosys’s M&A Strategy
  • Tata Motors Sales Grow 1 Pct To 43,486 Units In October
  • Sebi Attaches 4 Companies Bank, Demat Accounts To Recover Rs 6 Cr
  • Vodafone Accounts Hit By Fraudsters In Uk
  • Royal Enfield Posts 73 Pct Jump In Oct Sales
  • Force India’s Partnership With Sahara Stands Strong: Vijay Mallya
  • Mfs Raise Stake In 260 Bse-500 Firms
  • Fm Hopes For Sustained Low Rates, Inflation Under Control
  • Subsidies Can’t Be Essence Of Survival: Fm
  • Mixed Week For Global Markets On Us Rate Hike Uncertainty
  • Study The Company Well Before Investing In Its Fds

Morning Business News Round up_October 30, 2015

Morning Business News :

  • Govt To Announce New Civil Aviation Policy Today
  • FATCA Fact: New US Tax Law Is Shaking Up Indian Trusts
  • US Economy Slows To 1.5% Growth In Q3
  • RBI Opens National Pension System For Nris
  • India Will Offer Concessional Credit Of $10 Bn To Africa: PM
  • Volkswagen Meets Indian Government On Emissions
  • Sebi Cuts IPO Paperwork; Notifies 5-Sheet DRHP
  • Dr Reddy’s Q2 Net Up 26% At Rs 722 Cr
  • Govt Clarifies Tax Treatment Of Offshore Rupee-Denominated Bonds
  • Telecom Regulator Sticks To Compensation Order On Call Drops
  • Cipla Sells Stake In Chinese Biotech Firm
  • IDFC Bank’s Net Worth Pegged At Rs 13,322 Cr
  • Airtel To Return 50% Mobile Data Used At Night,Makes Wynk Free
  • US Plan To Mandate FDA Audit Of Farm Imports Irks India
  • World Bank Retains India’s Growth Rate At 7.5% This Fiscal
  • Grasim Net Up 17% On Higher Cement Volumes
  • NTPC Q2 Net Profit Rises 40% To Rs. 2,898 Cr
  • Nestle India Q3 Profit Dives 60% On Maggi Noodles Ban
  • Govt Approves 16 FDI Proposals Worth Rs 4,722 Crore
  • India Unprepared To Tackle Online Data Security
  • BPCL, Oman Oil Looking To Sell 24% Stake In Bina Refinery
  • Yes Bank Q2 Profit Rises 26.5% To Rs610 Crore
  • Pfizer In Talks To Merge With Botox-Maker Allergan

  • GE Said To Plan Close On $9.3 Billion Alstom Purchase
  • Volkswagen May Recall 100,000 Diesel Cars In India
  • Sensex Falls For Fourth Day, Ends 201 Pts Down, Nifty Ends At 8,111
  • India Ratings Lowers India FY16 Growth Forecast To 7.5%
  • US Fed Decision Provides More Space To Emerging Markets: Shaktikanta Das
  • US Lawmakers Oppose Indian Norms On Pulses’ Stock Limit
  • Small And Midcap Funds Fare Well In Q2: CRISIL
  • Interest On Rupee Denominated Bonds To Attract 5% Tax
  • IRDA Clears Air On Repudiating Life Covers
  • IPO Of Indigo’s Parent Co Over-Subscribed 3.63 Times
  • Make Single Premium Policy Tax-Free, Insurers

Morning Business News Round up_October 28, 2015

Morning Business News :

  • Sebi Looks To Revise Rules For Credit Rating Agencies
  • Rasgas Contract To Cost Petronet LNG Rs 10,000 Cr
  • India Inc’s External Borrowings Down 32% At $2.6 Bn
  • Easier Trade Can Push Global Exports $1tn pa
  • India Overtakes China, Now Biggest Gold Consumer
  • Maruti To Pay Royalty To Suzuki On New Models In Re
  • Govt Plans To Lower Its Stake IDBI Bank: Sinha
  • India Jumps 12 Spots On World Bank’s Ease Of Doing Biz List
  • Tatas, Birlas, Ambanis Take Discount E-Tailers Head On
  • Cairn-Vedanta Merger Deal Not To Be Reworked
  • Govt Sets Up Panel To Simplify Income Tax Laws
  • Railways Receive Rs 2,000 Cr Assistance From LIC For Projects
  • Fitch Withdraws IDFC’s Rating, Reaffirms ‘Good Credit Quality’
  • Airtel Sells 700 Towers In Burkina Faso To Eaton

  • Indigo IPO Subscribed 86% On Day-1
  • India May Attract $6 B From Canadian Pension Fund In 8 Years
  • Japan Offers Conditional Support To Yuan Joining IMF Currency Basket
  • Seed Industry Seeks Policy Support To Boost Exports
  • Japan’s Nippon Agrees To Buy NAB’s Life Unit For $1.7 Bln
  • Tata Trusts, Harvard University Announce Collaboration
  • Essar Ports Fixes Rs. 93.66/Share As Delisting Floor Price
  • Trai’s Call Drop Policy May Increase Tariffs: Telcos
  • Maruti Q2 Profit Surges 42.1% To Rs1,225 Crore
  • Jaitley Sure Of Meeting Fiscal Deficit Target Despite Disinvestment Hiccups
  • US Plans To Sell Down Strategic Oil Reserve To Raise Cash
  • Lupin’s Q2 Results Are A Rude Reality Check
  • Crompton Greaves To Divest Its Canadian Power Systems Business
  • SEBI In Process Of Allowing Foreign Money Into Commodity Markets
  • Sensex Falls For Second Day, Ends 108 Points Down
  • Vedanta Q2 Consolidated Net Profit Falls 41% Yoy To Rs 974 Cr
  • Tata Communications Reports Rs 6.02 Crore Net Profit In Q2
  • IRDAI Issues Guidlines On FDI In Insurance Firms
  • RBI May Seek Info From HK On Bob Scam
  • CTT Removal Demand Linked To STT: Official
  • Dividend From Bank Lifts HDFC Q2 Net
  • Bharat Forge Reorganises European Operations

Morning Business News Round up_October 27, 2015

Morning Business News :

  • Sajjan Jindal Plans JSW Group Ownership Restructuring
  • WTO Sees Up To $3.6 Trillion Boost To Trade From Deal To Cut Red Tape
  • Nestle To Resume Maggi Sales In India Next Month’
  • LIC And Indian Railways Develop A Bond Worth Rs 2,000 Cr
  • 45% Crop Shortfall Likely To Keep Dal Prices High
  • Indigo’s Anchor Book Mops Up Rs 832 Crore

  • India-Africa Forum Summit Begins With An Aim At Stronger Trade Ties
  • Govt Likely To Launch 3 Gold Schemes On November 5
  • Nippon To Acquire 23% Stake In Reliance Life For Rs 2,500 Cr
  • Essar Projects-Saipem JV Awarded KNPC’s $1.6 Billion EPC Contract
  • HFCL To Start Chennai Optical Fibre Plant From Nov 15
  • Centre To Address Regulatory, Financial Issues In Infra Sector’
  • SEBI Open To Make Changes On Exchange-Traded Funds Norms
  • SEBI’s Networth Norms May Nudge Farmers Out Of NCDEX
  • Tyre Makers Staring At Lower Revenue As Chinese Imports Soar
  • Elder Pharma To Repay Creditors By Selling Assets
  • L&T Starts Two Training Institutes In Vadodara
  • Bharti Airtel Q2 Profit Rises 10% To Rs1,523 Crore
  • Madhya Pradesh Declares Drought In 35 Districts, Seeks Rs2,400 Crore Aid
  • Sudhir Valia To Buy Jaypee Wind Power Assets For Rs180 Crore
  • Standard Chartered Winding Down Equity Derivatives Business
  • Hindustan Media Ventures Profit Rises 43%
  • Sebi May Intervene On Upfront Commission
  • Sensex Ends 109 Points Down At 27,362 On Profit-Booking, Nifty Settles At 8,260
  • No Service Tax On Flat Title Transfers In Mumbai
  • HDFC Life IPO Likely In Mid-2016
  • HDFC Q2 Net Profit Up 2% At Rs 2,106 Cr
  • Investment Via P-Notes Rises To Rs 2.55L Cr In Sept
  • Premji Invest Buys Minority Stake In Hygienic Research
  • Sterlite Tech Q2 Profit Doubles To Rs 29 Cr
  • Fusion Solar Sets Up 4 Mw Solar Plant In Telangana
  • Government Plans To Hike Sugar Cess

Morning Business News Round up_October 26, 2015

Morning Business News :

  • IMF To Include Yuan In Benchmark Currency Basket
  • China Banks Seek More Capital As Bad Loans Pile Up
  • China Growth Rate May Fall Below 7%: Premier Li Keqiang
  • Volkswagen May Offer Discounts To Owners Of Cars With Illicit Software

  • UK Nuclear Deterrent To Cost 167 Billion Pounds
  • Sebi Mulls Mandatory ‘Dividend Policy’ For Listed Companies
  • Modi Govt Plans To Reward Made-In-India Innovations
  • India’s E-Tail Sees 3-Fold Growth In A Year
  • Bankers Expect Special Audit Report On Amtek Auto By Next Week
  • Welspun Group Eyes $5 Bn Revenue By 2020
  • New Energy Norms For Urea Plants May Save Rs 800 Cr In Subsidy
  • Govt Telcos In Talks With Pvt Operators To Share Spectrum
  • Henkel Has Option To Invest In Jyothy
  • Sept Raises Temperature Of Fuel Sector
  • The Regulator Has The Right To Tell Us What To Do
  • ‘Sin Tax’ For Alcohol, Tobacco Industries In GST Regime
  • MEP Infra Targets Highway Projects, Seeks Private Equity Partnerships
  • DLF Plans To Monetise Some More Housing Projects Thu PE
  • Demand For Wellness, Preventive-Care Treatment Rising Across Country
  • Sunteck Realty To Invest Rs 1K Cr To Acquire Distressed Assets
  • Lava To Invest Rs500 Crore To Set Up Manufacturing Plant In Andhra Pradesh
  • Competitor Offers $1 Rival To Turing Pharmaceuticals’ $750 Pill
  • M&A Deals Worth $25 Bn Signed In January-September
  • IIFL Holdings Q2 Profit Rises 28% To Rs140 Crore
  • Bank Unions Call For Nationwide Strike On 2 December
  • Income Tax Department To Roll Out ‘Pilot’ Project For Scrutiny Assessment
  • Risk-On Carry Trade Back In Global Financial Markets
  • US Fed Will Weigh Up ECB’s Push As It Sets Rates Message
  • Air Costa In Funding Talks Ahead Of Launch Of Pan-India Operations
  • Gold-Related Schemes To Be Launched On The Eve Of Diwali: PM
  • Fpis Net Inflow Tops Rs 19k Cr In Oct, A 6-Mth High
  • Sebi Wants Mfs To Join E-Commerce Bandwagon
  • GE’s India Unit To Export Med Equipments To Africa, ASEAN

 

Morning Business News Round up_October 16, 2015

Morning Business News :

  • Anil And Mukesh Ambani Bond Over Airwaves
  • Govt Plans Ways To Share Free Data With Public
  • RBI To Take Stock Of Banks’ Asset Quality: Rajan
  • Global Economic Slowdown In Real Danger Of Persisting
  • No Significant Improvement In Call Drop Issue: Trai

03_TRAI

  • September Trade Deficit Drops To $10.5 Billion; Exports Decline By 24.33%
  • Alibaba Gets CCI Nod For Acquiring 4.14% Of Snapdeal

  • Malaysia Pitches $30 Bn For Townships And Housing
  • Focus On Nine More Banks Over Money Laundering Issue
  • Sahara Owns Much More Than Grosvenor House
  • Forex Scam: 7 More Banks Under ED Scanner; 1 Arrested
  • Oil Companies Increase Diesel Prices By 95 Paise/ Litre
  • Finmin Open To A Vodafone Compromise Offer
  • Aurobindo Pharma Gets USFDA Nod For Alzheimer’s Treatment Drug
  • Sebi Moves SC Against DLF’s Plan To Raise Money
  • Adani’s $7-B Australian Coal Project Gets Green Light, Again
  • Coal Ministry Asks States To Expedite Clearances For Auctioned Mines
  • Don’t Dilute ‘Fit & Proper’ Norm For Stock Exchanges: Experts
  • Regulator Orders Encashing 25% Of GAIL’s Bank Guarantee
  • Textile Sector Urges Govt To Take Steps To Boost Exports
  • Business Optimism Index For Q4 Down 4.1%: D&B Report
  • L&T To List Five Road Assets Via Infra Investment Trust
  • Coffee Day Parent IPO Subscribed 73% On Day 2
  • Hathway Cable To Demerge Broadband Business
  • Mindtree’s Q2 Profit Rises 14.5% To Rs158.2 Crore
  • China Telecom Industry Restructure Pushes China Mobile Up
  • New Rules To Boost India Shipping Fleet; May Dent Foreign Shippers: Report
  • China’s Sany Group To Invest $3 Billion In Renewable Energy Sector In India
  • Indian Railways To Buy Electricity At Rs 3.69 Per Unit From Adani Power
  • RBI Expected To Cut Rates Just Once In Next 18 Months: Poll
  • Welspun India Forays Into E-Commerce With Online Store
  • WPI Deflation Bottoming Out; To Turn Positive From Q1 2016: Nomura
  • Investors See 30% Jump In Their MF Assets In One Year
  • Venture Capitalists Make Highest Investments In 2015
  • Rs 2,000 Cr Fund To Push Financial Inclusion
  • Finmin Denies Attempt To Stall FTIL, NSEL Merger
  • LIC Housing Fin Sep Net Profit Climbs 21% To Rs 412 Crore
  • Karur Vysya Bank Q2 Profit Surges 57% To Rs 142 Cr

Morning Business News Round up_October 15, 2015

Morning Business News :

  • Blackstone In Talks With L&T To Buy 1 M Sq Ft
  • Virtusa Set To Buy Polaris Consulting For Rs 1,904-Cr
  • Government To Use Stabilisation Fund To Cool Pulses Price
  • Wal-Mart Sees $20 Bn Of Market Value Wiped Out
  • Psus To Ink Pact With Domestic Ships For 50% Of Imports
  • France Reaches Out To India Inc For Investment
  • Govt May Hike Import Duty On Wheat To 25% To Check Imports
  • One-Time Fund Infusion For Stalled Road Projects
  • ASK Group To Raise $1 Bn Across Realty, Private Equity
  • Railways To Ride $140 Bn Investment Plan For Safety, Modernisation And Passenger Amenities
  • FTIL Sells Remaining 11% Stake To Exit Indian Energy Exchange
  • Urea Subsidy: CCEA Approves Rs 7,000 Cr Loan From Banks
  • Lupin-Boehringer Announce Tie Up For Diabetes Drug
  • Coal Case: Court Frames Charges Against Former Coal Secy, 5 Others
  • British Unemployment Hits Seven-Year Low: Data
  • SEBI Asking Rating Agencies To Avoid Suspending Cos Not A ‘Right Move’
  • Unichem Gets USFDA Nod To Market Alzheimer Treatment Drug
  • Richest 1% Own 53% Of India’s Wealth
  • Govt Said To Be Considering Deregulation Of Natural Gas Prices
  • Mahindra In Talks With Banks To Raise Overseas Bond Issue
  • Govt Battles Pharma Firms Over Cough Syrup Abuse, Reducing Supplies
  • HUL Posts Profit Of Rs 962.24 Cr In Q2, Down 2.62% Yoy
  • Coffee Day Enterprises IPO Subscribed 13% On Day 1
  • Top 500 Companies Over-Leveraged, Recovery Still Away: India Rating
  • Claiming Tax Benefit On Serious Ailment Expenses Made Easy
  • Swachh Bharat ‘Cess’ May Hike Petrol, Diesel Prices

Morning Business News Round up_October 14, 2015

Morning Business News :

  • Maruti Banks On Baleno For Hatchback Slot
  • Sun Pharma’s US Arm Taro Buys Zalicus Of Canada
  • Tax Refunds For India Inc To Ensure Fair Start To GST
  • Govt May Extend Anti-Dumping Duty On Cold Rolled Steel
  • BSE Becomes World’s Fastest Stock Exchange: Chauhan

  • Bob May Appoint Audit Agency To Probe Forex Scam
  • Overseas Investments By Indian Firms Fall To $1.24 B In Sept
  • TCS Q2 Net Up 6% Q-O-Q At Rs 6,055 Cr
  • SBI Gets RBI’s Nod For Starting Real Estate Subsidiary
  • NPCI, Building India’s Retail Banking Backbone
  • Indian Refiners Pay $700 Mn Oil Dues Second Tranche To Iran
  • Videocon Loan Conversion Enabling Resolution Passed At EGM
  • Tata Trusts To Be A Founding Partner Of Bharat Fund
  • Govt Issues Spectrum Trading Guidelines
  • NSE To Launch New Facility On Wednesday
  • FTIL Makes Last-Ditch Effort To Avoid NSEL Merger
  • IIP Numbers Encouraging, Govt To Continue With Reforms: Finmin
  • Chemists To Strike Nationwide On Oct 14 Against E-Pharmacy
  • Coffee Day Allots Shares Worth Rs. 334 Cr To Anchor Investors
  • Govt Frames Rules For Cab Aggregators Like Ola, Uber
  • AB Inbev To Buy Sabmiller For $104 Billion In Record Deal
  • DCB Bank Q2 Profit Falls 10.1% To Rs36.93 Cr On Higher Provisions, Tax Costs
  • R-Jio Starts Testing Jio Money For Merchants
  • Infosys To Start Seeing Meaningful Impact Of Automation By March 2016: Sikka
  • Bank Of Baroda Money Laundering Case: HDFC Bank Official Among 4 Arrested
  • Sensex Closes 57 Pts Down, Nifty Settles At 8,132; DB Realty Soars 10%
  • China Plans To Cut GDP Target To 6.5% In Next Five-Year Plan
  • India In Goldilocks Period; GDP Likely At 7.6%: Nomura
  • S&P Assigns Investment Grade Rating To M&M With Stable Outlook
  • Nippon Life Buys 14% More Stake In RCAM For 1,196 Cr
  • Sebi To Take Up Tax Concessions For Startups With Govt
  • Commercial Space Absorption Up 20% In July-Sept Quarter
  • ICICI Pru Life, Tata AIA Life Warned For Violations
  • Govt To Review Sugar Export Policy After Prices Rise
  • Suven Life Gets Patent For Neuro-Degenerative Drug