Morning Business News Round up_October 13, 2015

Morning Business News :

  • IIP Rises To 3-Year High Of 6.4% In August
  • India Better Placed In Ems To Tackle Outflows: IMF
  • September Retail Inflation Quickens To 4.41% Y/Y
  • Dell To Buy EMC For $67 Billion In Record Deal
  • IOC To Spend Rs 32,500 Cr On Oil Exploration, Prodn
  • Large-Cap Equity, Debt Funds Underperform In Last 5 Years
  • DLF Plans To Derisk With Pre-Sale Project Completion
  • Infosys Q2 Net Up 12% Q-O-Q At Rs 3,398 Crore
  • Global Consultant Submits Draft Report On RIL-ONGC Gas Issue
  • Fiis Cut Stakes In PSU Banks In September Quarter
  • Sebi Plans 10-Page Abridged Prospectus For Ipos
  • Pay Minimum Annuity Of Rs 1,000 Monthly: IRDAI To Insurers
  • Yes Bank Gets RBI Nod For Mutual Fund, AMC And Trustee Co
  • Sebi Has No Black Money Problem, Says Sinha
  • S&P Cuts Volkswagen’s Credit Rating
  • Angus Deaton Wins 2015 Nobel Prize For Economics
  • Solar Sector Attracts $6.2 Bn Corporate Funding In Q3
  • Centre Circulates Model GST Laws Among States
  • Hiring Up 18% In September, Outlook Bullish: Naukri
  • Coal Scam: Court To Hear Arguments On Charges From Dec 7
  • Indian Companies’ Second Quarter Revenues Seen At Four Year-Lows
  • Pune-Based Kolte Patil Buys Out 100% Stake In Corolla Realty For Rs 164 Crore
  • Aon To Exit Indian Insurance Broking Market
  • A Tale Of Two Its And A $1.5 Trillion Opportunity
  • Vodafone To Launch 4G Services In Mumbai By December This Year

  • BSE Sensex Closes 175 Points Down, NSE Nifty Settles At 8,143.60; IT Stocks Fall
  • Economic Recovery In India Much Slower Than Expected: Bofa-ML
  • Banks Need Rs 5 Lakh Crore Capital For Basel III Norms: Study
  • Reliance Industries Drilled Out At Least 9 BCM Of ONGC Gas: Expert Report
  • 5 Kg Subsidized LPG Cylinders To Be Sold In Rural India By IOC
  • General Motors Ups Focus On Exporting From India
  • NPS Assets Rise 38 Pc To Top Rs 1 Trillion Mark

Morning Business News Round up_October 08, 2015

Morning Business News :

  • Govt Plans To Seek Special Dividend From Top Psus To Meet Tax Deficit
  • ‘China Faces Unprecedented Eco Policy Challenge’
  • Moody’s Maintains US Credit Rating And Stable Outlook
  • US Dollar Is Own Worst Enemy, Says London Hedge Fund
  • Tea Board Enforcing PPC To Check Excess Use Of Chemicals
  • RBI To Be Payment Aggregator For GST
  • Sebi Steers Clear Of Fresh Probe In NSEL Scam
  • Redington To Acquire Turkey Based Linkplus
  • SC Refuses To Modify Order Restricting Use Of Aadhaar Cards
  • Govt Should Allow FDI In Multi-Brand Through PPP: Assocham
  • Insurance Regulator May Allow Long Term Products In Health
  • Mercedes-Benz India Sales Up 34% In Jan-Sep Period

  • India’s Solar Installations Set To Quadruple In Two Years
  • Tesco Shows Signs Of Recovery After Profit Collapse
  • BSE To Conduct PAN-Based Self-Trade Prevention Checks From Oct 12
  • Indian Pharma Sector Likely To Achieve $55 Bn Turnover By 2020
  • Additional Spectrum: Court To Pass Order On Charge On Oct 15
  • Tata Steel UK’s Deficit In Pension Scheme Stands At $138 M
  • IMF Warns Emerging Markets Of Risk From External Shocks
  • Maharashtra Govt Orders Lavasa To Return 191 Acres Of Land To Tribals
  • ONGC Boosts Spending As Exploration Costs Likely To Drop
  • Volkswagen Halts Sale Of Polo Models In India
  • 75% Of Jaypee Group’s Debt Has Default Rating
  • ArcelorMittal Exits Algeria By Handing Over Stakes To Govt
  • Sensex Jumps 103 Points Up On Global Cues, Strong Rupee, Nifty Settles At 8,177;
  • Air India To Raise Rs 700-Cr Bank Loan To Pay For 6 Dreamliners
  • Trucks Entering Delhi To Pay Environmental Tax: NGT
  • PM Narendra Modi’s Make-In-India Plan Could Hurt IAF
  • HC Restrains Glenmark From Business Of Anti-Diabetes Drugs
  • ONGC, Cairn Seek Relief From High Crude Tax
  • Punj Lloyd Enters Transmission, Distribution Segment
  • Jubilant Life Gets USFDA Nod For Indomethacin Capsules

Morning Business News Round up_October 06, 2015

Morning Business News :

  • Coal Digger: India Aims To Start Asia’s Biggest Coal Mine In 5 Yrs
  • Bob Investigating Rs 350-Crore Bill Discounting Fraud
  • Ageing Chinese Dragon Makes Way For India In Top Spot Among Ems
  • Private Equity Activity May Hit Record High In 2015
  • India, Lithuania Agree To Collaborate In Agriculture Sector
  • Govt To Spend Rs 70k Crore On 12 Major Ports: Gadkari
  • Government To Soon Decide Monetary Policy Committee Structure: Shaktikanta Das
  • Tax Collections To Fall 5-7% Short Of Target
  • Sebi Probes Jpmorgan’s Risk Assessment System

  • Indian GDP Predicted At 7.5% In 2015-16: World Bank
  • Germany Offers 2 Bn Euros For Clean Energy Corridor, Solar Projects
  • RBI Initiates Corrective Action On Indian Overseas Bank
  • US Scraps Discriminatory Outsourcing Fee On Indian Firms
  • Educomp Sells Entire Stake In Wiz Learn Technology
  • NMDC Cuts Iron Ore Price By 12% For October
  • ‘No Dumping Levy’ Between Provisional, Final Orders
  • Cabinet Monitoring Has Fast-Tracked Projects Worth $112 B, Says Minister
  • Crisil Downgrades Debt Worth Rs 2.4 Lakh Cr In H1 FY16
  • Gas Price Cut Will Hit Investments In New Reserves: Moody’s
  • India’s Poverty Rate Lowest Among Nations With Poor Population’
  • HDFC Home Loans Get Cheaper As Lender Cuts Benchmark Rate
  • Method Of Computing GDP Deflator Misleading: RBI
  • Sun Pharma Settles US Patent Litigation With Actavis Over Skin Care Drug
  • September Quarter Corporate Earnings May Disappoint
  • Sensex Ends 565 Points Up At 26,785, Nifty Settles At 8,119
  • Govt Raises Import Duty On Ghee, Butter To 40%
  • Black Money Disclosure: Govt Revises Amount Higher At Rs 4147 Cr
  • Motherson Sumi Expects Revenue Growth At CAGR Of 24-25% In Next 5 Years
  • Alstom Bags Lucknow Metro Contract Worth Rs 1,100 Crore

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%

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  • 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

Morning Business News Round up_September 29, 2015

Morning Business News :

  • Confident of maintaining fiscal deficit at 3.9%
  • Govt to borrow $37.7 bn in Oct-Mar: Reports
  • Indian oil cos to pay $700 mn to Iran on Wednesday
  • Bill Gates drops by during Modi-Hollande meeting
  • European corporate offers $5 bn to bail out Sahara
  • FMC reform measures to make it easier for Sebi: Outgoing chief
  • Tata Sons issues pref shares of Rs 47.5 cr to brass
  • Nestle cancels contract manufacturing of Maggi
  • India, US sign $3-bn contract for Apache, Chinook helicopters
  • Tata Steel to resume iron ore sourcing from its Jharkhand mines
  • IRDAI to look into financial position for giving listing approval to non-life, health, reinsurers
  • Jaitley hints at cutting govt stake in IDBI Bank below 50%
  • UB Holdings fighting case against lenders on guarantees for Kingfisher Airlines
  • Bajaj Auto sets eye on Russian market, begins export of Pulsar
  • Banks, FPIs can now invest in commodity futures
  • Quick Heal, L&T arm, two others plan public issues
  • Nearly 1.29 lakh VW cars in Switzerland affected by diesel scandal
  • BSE StAR MF processes over 63,000 orders in single day
  • Crompton Greaves wins €17-mn order from Spanish firm GNF
  • Lanco Infra assures shareholders of better times ahead
  • Sebi in favour of gradually allowing more commodity products
  • Barack Obama says US willing to work with Russia, Iran on Syria crisis
  • Reliance Defence in pact with Emirates Defence for strategic partnership
  • Audi says 2.1 million cars worldwide fitted with emission-cheating software

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  • Accenture results no pointer to Indian IT performance
  • Sensex ends 247 points down ahead of RBI policy review
  • FMC merges with Sebi; Arun Jaitley solemnises amalgamation
  • Banks will not support stressed power distributors: FM Arun Jaitley
  • Modi US visit: Critical for PM to deliver on Digital India, JAM, SEBs
  • Govt open to dilute its stake in PSBs to 52%: Jaitley
  • Govt to extend duty-free import of pulses by 3 months
  • Bullion suffers fresh setback on global cues, falls to 3-week low
  • Credit card spends top Rs 1 lakh cr; rise by 22%
  • Sugar mills may get benefits to boost export
  • L&T bags Rs 1,500 cr project

Morning Business News Round up_September 28, 2015

Morning Business News :

  • Foreign Investors Get Relief From Controversial MAT
  • Marriage Of Regulators: FMC To Merge With Sebi
  • Mobiles To Fall Under Separate Category In Revised IIP
  • Lenders Approve Higher Cost In 4 Lanco Projects
  • Russian Traders Want JV With Indian Tea Cos
  • Maruti’s Agitating Workers Chalk Out Future Strategy
  • NALCO To Invest Over Rs 65K Cr For New Projects
  • FIPB To Take Up 31 FDI Proposals On Tuesday
  • India Will Be $20-Trillion Economy: PM At Facebook Event
  • Rajeev Agarwal To Oversee Commodities At Sebi
  • Fpis In Selling Mode, Take Out Rs 6,000 Cr In Sept
  • Top Six Cos Take Rs 53,886 Cr Hit In Market Valuation
  • MMTC To Produce, Market Sovereign Gold Coins
  • ICICI Makes Aggressive Push In Unsecured Loans
  • Jpmorgan Schemes To Hive Off Amtek Holdings
  • Liberty To Raise Stake In Joint Venture With Videocon To 49%
  • SEBI Steps Up Measures Against SMS, Social Media Scams
  • India Will Play Big Part In Driving Technology Forward: Pichai
  • Lenders Want Amtek Promoters To Inject Some Equity First
  • Four SME Ipos To Hit Capital Markets This Week
  • BSE Gets Shareholders’ Nod To List Its Shares
  • Moserbaer To Focus On LED Products, Targets ₹500-Cr Market Size In 3 Years

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  • Govt To Complete Spectrum Harmonisation By December End
  • Xi Jinping Pledges $2 Billion For South-South Cooperation
  • Laid-Off Ssangyong Workers In Mumbai Seeking Reinstatement: Mahindra
  • German Transport Authority Asks Volkswagen To Present Car Clean-Up Plan
  • Narendra Modi Shows Keen Interest In Tesla Technology
  • Modi Invites Apple CEO Tim Cook To Set Up Manufacturing Base
  • SAIL Invests Rs 2,600 Cr In Rourkela Plant For Hot Rolled Coils
  • Qualcomm Announces To Invest $150 Mn For Indian Start-Ups
  • ITC Aims Rs 18K Cr Revenue From Agriculture Business By ‘21
  • US FDA Revokes Approval For Sun Pharma’s Seizure Drug Over Compliance Issues

Morning Business News Round up_September 23, 2015

Morning Business News :

  • Pacl Fined Rs 7,269 Cr For Illegally Raising Funds
  • $2.5 Bn Deal For Military Choppers Cleared
  • Dai-Ichi Plans To Raise Investment In Indian Venture
  • Engineering Exports Plunge On Slowdown In China Demand: Eepc
  • India Has Learnt To Live In Era Of Global Turmoils: Arun Jaitley
  • Regulator May End Supplier Monopoly In Piped Gas
  • Bse Monitoring Amtek; Seeks Reply On Bond Payment Default
  • Land Acquisition For Roads On Fast Track; 49% Projected
  • Govt To Withdraw Controversial Draft Encryption Policy After Backlash
  • Volkswagen Sets Aside $7.3 Billion Over Emissions Scandalmajor Stock/Sector

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  • Rajan Meets Jaitley Ahead Of Monetary Policy Meet
  • Reliance Sells 10% Stake Of Mobile Game Unit For $15 Mn
  • September Rain Brightens Prospects Of Kharif Output
  • Non-Regulated Power Players Oppose E-Auction Of Coal Linkages
  • Bengaluru Court Directs Britannia To Pay Pensioners Their Dues
  • Telcos Write To Trai, Oppose Compensation For Call Drops
  • Ntpc To Start Production From Allocated Mines In Phases
  • Federal Bank Bets Big On Network Expansion, Localised Services
  • Us May Not Give India Time To Lift Ban On Poultry Imports
  • Cyber Espionage Is More Than An Irritant, Must Stop: Us Tells China
  • Govt Should Rationalise Import Duty To Protect Tea Industry
  • Regulators Pave The Way For Better Fortunes On Road Projects
  • L&T Infrastructure Toll Project Downgraded On Payment Delays
  • Serum Institute Halts Stake Sale Talks With Funds
  • Ril-Appointed Arbitrator To Stay In Panna-Mukta Row
  • Reliance Games Sells 10% Stake In Zapak To Chinese Firm
  • Sensex Ends 541 Points On Global Markets Sell-Off, Nifty Settles At 7,812
  • Iisl To Rebrand Its Indices; Cnx Nifty To Be Renamed Nifty 50
  • Sushma Swaraj Woos Us Industry To Invest In India For Win-Win Outcome
  • Amtek Auto In Talks To Re-Align Debt Obligations
  • Fortis Health Founder Set To Give Up Executive Role
  • Irb Shareholders Approve Proposal To Sell Co. Undertaking
  • Jet Airways – Etihad Spv May Buy 7.38b Rupees Of Bonds

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  • Jindal Steel Long-Term Loan Rating Cut To A+ From Aa At Care
  • L&T Halol Shamlaji Tollway Defaults On 10.1b-Rupee Loan
  • Reliance Ind – Gennext, Ecorithm Announce India Partnership
  • Sambhaav Media Gets Letter Of Intent From Gujarat
  • Subex Allots 8.6m Shrs On Conversion Of Bonds
  • Sun Pharma Doesn’t Want Its Drug Used In Executions
  • Tara Jewels Signs Supply Agreement With U.S.-Based Sterling Jewellers
  • Tata Motors Drb-Hicom Unit To Sell 300 Tata Vehicles In Fy2016
  • Tech Mahindr Signs Agreement W/ Aaa Group
  • Tide Water Standard Greases Makes Open Offer For 26% At 16,632 Rupees/Shr
  • Ujaas Energy Gets Letter Of Intent For 658.8m-Rupee Contract
  • Lycos Internet, Apollo Group Introduce E-Commerce Initiative
  • Financial Tech: Amended Sher Purchase Pact W/ Iex Investors For Inr4.1b
  • Sterlite Tech To Acquire Software Company Elitecore At Inr1.8b Enterprise Value

Morning Business News Round up_September 21, 2015

Morning Business News :

  • Resolution Of Pending Tax Disputes In Works: FM
  • BPCL Set To Start Work On Rs 5k-Cr Complex In Kochi
  • Govt Examining Oil Cos’ Demand To Lower Cess
  • Ambanis Unite Against GSM Rivals’ Proposals To Dot
  • Psus’ Capex Down 24% In 2014-15
  • Petrol, Diesel Contribute Rs 30,000 Cr Addl Excise In Apr-Aug
  • BSE Eyes 10 Times Faster Trading Speed In Next Few Months

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  • SFIO Report On Kingfisher Airlines At Least 6 Months Away
  • Govt May Raise FDI Cap To 100% In DTH, Cable Networks
  • Powergrid To Set Up Lines To Link Solar Parks With ISTS
  • Steel Makers Build Case For Anti-Dumping Duties On Imports
  • Jaitley Seeks Foreign Investments For Infra, Other Sectors
  • Registered Research Analysts Rises To 121 As Of July: SEBI
  • Stanchart Revises FY16 CAD Forecast To 1.5% Of GDP
  • Fortis To Use Drones To Transport Organs

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  • Xander To Acquire Distressed Assets
  • Bad Loans: IDFC Gets RBI Nod For Using Rs.2,500 Cr Reserve As Provision
  • Sun Pharma Sells Ranbaxy Divisions To Strides Arcolab For Rs165 Crore
  • Govt Policy On Spectrum Trading, Sharing Could Boost Service Quality
  • DLF To Open Rs300-Crore Emporio Mall In Delhi By May 2016
  • NTPC Gets Shareholders Nod To Raise Rs.5,000 Cr
  • Sebi Widens Black Money Probe; Offshore Arbitrage Under Regulator’s Lens
  • Delhi Power Gencos Charging 50% More Than The NTPC’s Rate: Tata Power
  • In Real Distress, Developers Join Forces To Get Projects Off Ground
  • Top 10 BSE Sensex Companies Add Rs 74,521 Cr In Market Cap
  • $4b Indian Cyber Security Segment Is Expected To Grow
  • A Divided Fed Pits World’s Woes Against Domestic Growthmajor Stock/Sector News In Focus:::
  • 8K Miles To Buy Nexage Technologies
  • Amtek Global Ratings Withdrawn By S&P
  • Apollo Tyres Seeks Shareholders’ Approval To Raise 10b Rupees Selling Non-Convertible Bonds
  • ARSS Infra Gets 1.48b-Rupee Order
  • Ashokley Financing Unit Plans 6.5b-Rupee IPO
  • Asian Paints Plans 23b-Rupee Manufacturing Plant At Mysuru
  • Atlas Cycles To Sell Unit In Madhya Pradesh
  • Cairn India Aims To Maintain FY16 Output At FY15 Level
  • SEBI Said To Probe Castex On Bond Conversion: Reuters
  • Colgate-Palmolive To Consider Giving 1 Free Shr For Each Held
  • Reddy’s Biomarin Reports Kuvan Patent Settlement W/ Co.
  • Honda Cars To Recall 224,000 Vehicles In India On Airbags
  • Hotel Leela Plans To Sell 24% Stake To Reduce Debt

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  • Goa Hotel Sold For $110m To U.K. Businessman
  • IDFC Gets RBI Approval To Use 25b Rupees As Provision
  • IG Petro Says Customs Liabilities Case Decided In Favour Of Co.
  • Natco Pharma To Raise 3.41b Rupees Selling Shrs To QIB
  • NBCC Wins 1.97b-Rupee Order
  • Power Mech Projects Wins 1.67b-Rupee Contract
  • Reliance Ind Bond Risk Falling For 1st Time In 4 Quarters
  • TD Power Wins Order From European Co. For Generators
  • Govt Plans Raising FDI To 100% In DTH, Cable Networks

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