Tag: Sensex

Morning Business News Round up_December 15, 2015

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Morning Business News :

  • Eicher, Havells, Patni Back Trifecta Capital’s Fund
  • Fiis Rs 6K-Cr Nifty Shorts May Fire Up Markets Again
  • Blackstone Raises $18 Billion For Global Buyout Fund
  • Fed Rate Hike Wrong Move For Emerging Economies
  • RBI Denies Rumours Of Scribbles Notes Being Refused
  • Rjio 4G Peaked 70 Mbps In Trials: Credit Suisse
  • Govt To Auction 28 Oil, Gas Blocks Off Mumbai
  • Retail Inflation At 5.41% In November
  • Rupee Cracks Below 67 Mark To Hit 27-Month Low
  • WPI Inflation At -1.99% For 13th Straight Month In Nov
  • Fitch Retains India’s Rating, Says Growth Will Continue
  • Tech Mahindra, M&M To Acquire Italian Design Firm Pininfarina
  • RBI, Bank Heads Discuss Cleansing Of Lender Books
  • Jaitley Holds Talks With Congress Leaders On GST Bill
  • India Moves Up 5 Places In Human Development Index Rank To 130
  • Centre Receives Just 17 Smart City Proposals A Day Before Deadline
  • FTIL Case: Madras HC Gives 3 More Months For CLB To Complete Hearing
  • Essar Oil’s Delisting Begins; Floor Price: Rs.146.05/Share
  • Sun Pharma Sells Ohio Facility To Nostrum Laboratories
  • IOC To Invest Rs1.75 Trillion In Expansion Projects
  • Infosys Invests $3 Million In US-Based Wearables Start-Up Whoop

  • FDI In Insurance A Hit, But Pension Sector Still Struggling
  • Natco Settles Patent Case With Gilead, Others Over Tamiflu; Shares Rise
  • Sensex Ends 106 Points Up At 25,150 In A Volatile Trade; Nifty Settles At 7,650
  • Reliance Communication’s Deal To Sell Towers Will Lower Its Debt By 60%: CLSA
  • Sebi Attaches PACL Assets Over Failure To Refund Rs 60,000 Cr
  • Nissan And Datsun Cars In India To Get Pricier By Up To 3 Per Cent
  • PSU Banks To Get Additional Rs 5,000 Crore In March
  • Centre Readies Direct Subsidy Plan For Farmers
  • Hot Money Loses Steam: FPI Inflows Into Stocks Dip Below $3b
  • Indian Leather Products To Be Showcased In Dubai
  • Asia Index Launches Four Indices To Track Non-Market Factors

Today’s Wealth Mantra !

“Mutual funds give people the sense that they’re investing with the big boys and that they’re really not at a disadvantage entering the stock market.”

-Ron Chernow

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Morning Business News Round up_December 11, 2015

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Morning Business News :

  • RBI Announces Timetable Reduction In SLR
  • Raghuram Rajan Warns Companies About High Debt
  • Telcos Drag Trai To Court On Call Drop Compensation
  • RBI Lets IDFC Bank Into Second Schedule List
  • RBI Buys Dollars In Both Spot And Future Market To Rein In The Value Of The Rupee
  • Steel Firms Allege Safeguard Duty Being Bypassed
  • Norm On 70% Money In Escrow To Hit Realtors’ Cash Flow
  • RBI Introduces Cross-Currency Options In Exchanges
  • Centre May Form Panel To Review National Policy On Farmers
  • Bharat Forge To Supply Aero Engine Parts To Rolls-Royce

  • Telcos Set To Roll Out 3G On Lower Frequency Band 900 Mhz
  • Minority Shareholder Files Suit Against Cairn, Vedanta
  • Fund Mop-Up Via Qips Slumps 41% To Rs. 12,658 Cr In April-Oct
  • Honda India To Recall 90,210 Units Of Diesel Variants Of City, Mobilio
  • Havells To Sell 80% Stake In Sylvania For Over Rs1,070 Crore
  • Texas Billionaire Backs Indian Start-Up Teabox Over Mutual Taste For Tea
  • Inox Wind Buys Out Sarayu Wind Power To Expand Presence In Andhra Pradesh
  • Maruti Suzuki To Raise Car Prices From 1 January
  • Sensex Snaps 6-Day Losing Streak, Closes 216 Points Up, Nifty50 Settles At 7,683; Tata Steel, RIL Gains Over 3%
  • Asian Development Bank To Lend $1 Bn To Power Grid Corporation
  • IATA Forecast Airlines In 2015 To Post Profit Of $33 Bn

  • Govt Collects Rs 21,054 Cr Via Petrol, Diesel Cess In FY’15
  • India, Switzerland Improve Cooperation On Tax Matters
  • India-EU Trade Talks’ Fate To Be Decided In January
  • November Inflation Seen Above 5%, Room For Rate Cuts Narrows
  • GST Will Unify Country As One Market, RBI Governor
  • Goa Iron Ore Miners Seek Duty Relief As Prices Dip

Today’s Wealth Mantra !

“Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won’t grow any faster than the rate of inflation.”

–Suze Orman

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Morning Business News Round up_December 08, 2015

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Morning Business News :

  • Iran in talks for $4.5-bn gas link to Gujarat
  • Coal India to invest Rs 57,000 crore by 2020
  • Oil at lowest in seven years on OPEC inaction
  • Adani wants law to restrain greens from opposing mine
  • Fitch Affirms India’s sovereign rating at ‘BBB-‘
  • Govt awards NH projects worth over Rs 1 lakh cr
  • Indian e-commerce market to touch $128 bn by 2017: Study
  • JP Morgan AMC sells Amtek’s distressed papers

  • NSE’s delaying tactics intact despite Sebi relaxing norms
  • Cigarette cos hit hard on GST panel suggestion
  • Power shortage, peak deficit at all-time lows of 2.4%, 3.2%
  • Iron ore exports at 10.75 lakh tonne
  • Malaysian govt raises objections to summons in Aircel-Maxis case
  • GMR Group may divest stake in energy business
  • Lanco Infratech commences power supply to Haryana discoms
  • GST: 40% tax proposal for aerated drinks may hit industry
  • Hindalco looks to exit copper mining and focus on smelting
  • com says India one of its fastest-growing markets
  • Adani Group wants Australia to restrict green groups opposing coal mine
  • AIA to raise stake in Tata AIA Life Insurance to 49%
  • Tata Steel may be nearing a deal on UK plant
  • PE funds, NBFCs join hands for big-ticket real estate deals
  • Sensex falls for fourth day, ends 108 points down, Nifty ends at 7,765;
  • Alkem Laboratories, Dr Lal Pathlabs IPOs to hit market tomorrow

  • Tower business sale to improve Reliance Com’s financial profile: Moody’s
  • Godrej Properties sells 300 flats for Rs 700 cr in Mumbai
  • Education loan made easier as govt stands guarantee
  • Mutual Funds see Rs 31,000 cr outflow in Nov
  • Climate talks enter final phase, India promises positivity
  • Insurers want tax sops for home cover buyers

Today’s Wealth Mantra !

“Only buy something that you would be perfectly happy to hold if the market shut down for ten years”

-Warren Buffett

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Morning Business News Round up_November 19, 2015

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Morning Business News :

  • Telecom dept seeks PMO help to free up TV waves
  • India Inc’s Oct foreign borrowing dips 24% at $2.11 bn
  • Government extends currency swap facility for SAARC members
  • Govt to raise Rs 21Kcr from CIL stake sale
  • Govt nudges Vodafone with settlement proposal
  • India’s top real estate cos stare at Rs 30-k cr debt
  • Divestment, exports, infra get govt push
  • RBI workers’ strike tomorrow likely to disrupt settlements

  • Modi govt looks to revive stalled road projects, boost exports
  • Confusion reins over FSSAI’s product approval regime
  • GAIL rerating on oil & gas policy, Mahanagar Gas IPO
  • Jindal Stainless aims to cut debt by 64% through restructuring
  • Amtek Auto may sell Tekfor for Rs 6,000 crore
  • Japan regulators set to slap Toshiba with record $57 mn fine: Source
  • Competition panel asks Coal India to examine spot e-auction scheme afresh
  • Cabinet approves modification to bilateral assistance guidelines
  • GMR Kamalanga Energy gets revised tariff order from CERC
  • Commodity markets in worse shape than in 2009
  • Centre approves direct subsidy for sugarcane growers
  • Glenmark, Sun Pharma, Cipla said to weigh bid for Teva portfolio
  • Ramdev’s Patanjali atta noodles have no approval: FSSAI
  • Essar Steel bankers pushing to convert debt to equity
  • Govt would launch an initial public offering of Cochin Shipyard Ltd
  • ScoopWhoop raises $4 million from Kalaari Capital
  • Dr Reddy’s buys IP rights for anti-coagulant drug from Alchemia for $17.5 mn
  • Sensex slumps 382 pts to 25,482, Nifty settles below 7,750
  • Productivity gains of internet can transform India
  • Inflation completely under control in India: CEA
  • Govt fixes maximum mktg margin for natural gas
  • Finance Minister Arun Jaitley meets Rahul Gandhi
  • Ola raises $500m from Baillie Gifford, SoftBank and others
  • OECD countries to limit overseas financing for coal plants
  • Irdai to regulate non-life, health insurers’ expenses
  • India-focussed ETFs grow as demand picks up
  • Microfinance industry sees 28% rise in client base in Q2

 

 

Today’s Wealth Mantra !

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

– Phillip Fisher

 

Morning Business News Round up_November 10, 2015

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Morning Business News :

  • GE to supply 1,000 diesel locomotives to Railways
  • India to renegotiate TAPI gas prices
  • Oil India Q2 net profit rises 11% at Rs 674.80 crore
  • DIPP working on aligning FDI policy with NIC code
  • FCI to raise short-term loan of Rs 30,000 crore
  • Chinese internet search co Baidu in talks to buy majority stake in Mydala for $100 mn

  • Adani to buy L&T’s Kattupalli port for Rs 2,000 crore
  • Rupee hits 8-week low of 66.44, drops 68 paise
  • Samvat 2071 ending with a loss for gold investors
  • HPCL posts loss of Rs 321 cr for July-Sept quarter
  • BPCL Q2 net more than doubles to Rs 1,018 cr
  • Sun Pharma elevated concerns on Halol plant spooks sentiment
  • Winter Session of Parliament to start from Nov 26
  • Govt moves to raise PSUs to world standards
  • Essar Oil may reset delisting price in ₹147-150 range
  • State-run banks sell dollar around 66.49 rupee level
  • Mittal’s South African steel plant in government bailout
  • Coal imports drop 5% to 14.52 MT in October
  • Jet Airways to buy 75 Boeing B737MAX planes
  • For power assets, JSW, Adani go head-to-head
  • Andhra Bank seeks to sell bad loans worth Rs1,388 crore to ARCs
  • India’s prospects relatively robust; to grow at 7.2%
  • Govt to revise small savings rate by month end
  • Sensex trims most of its losses to end 144 points down, Nifty closes at 7,915
  • Maruti Suzuki Swift and Dzire to be next products to get AMT
  • Adani coal mine in Australia faces fresh legal challenge
  • NDA defeat in Bihar no setback to economy
  • RPower declares maiden interim dividend, total outgo Rs 281 cr
  • Tata Power posts Rs 247 cr profit in Sep quarter
  • FIPB clears four FDI proposals worth Rs 384 cr

Morning Business News Round up_November 03, 2015

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Morning Business News :

  • Banks In Better Shape But Npas Still A Concern: Moody’s
  • Adani Enterprises Q2 Net Plunges 40% To Rs 299 Crore
  • Global Economy Stutters As Monetary Stimulus Fails To Spur
  • FTIL, MOCBPL Files Defamation Cases Against Activist Ketan Shah
  • Amtek Auto Ropes In Morgan Stanley As Advisors To Pare Debt
  • Rupee Ends At One-Month Low Against Dollar, Down 32 Paise At 65.59
  • HP Inc Shares Outpace Those Of HPE In First Trades Since Split
  • India Inc’s Sales, Profit Move In Opposite Directions
  • Moody’s Gives Banks Reason To Cheer, Upgrades Outlook To Stable
  • Tata Steel Plans To Build Bridges With Tribals
  • September Core Sector Growth Rises To 3.2%
  • Tata Motors Ropes In Lionel Messi As Global Brand Ambassador
  • Indigo Raises Rs 3,010 Cr In IPO, At Upper End Of Range

  • Eros International Locked In Lower Circuit; Tanks 10%
  • Corporate Tax May Be Pruned Ahead Of Schedule
  • India’s Exports Will Do Relatively Well In 2016, Says UN Report
  • Sensex Ends 98 Points Down; Weak Global Cues, Manufacturing PMI Weigh
  • India’s Manufacturing Output Slips To 22-Month Low In Oct
  • NSE To Auction Investment Limits For Rs. 852 Cr Govt Bonds
  • Aurobindo Board Meet On Nov 6 To Consider 2nd Interim Dividend
  • R-Com Buys Sistema; Over To Reliance Jio To Make It Count
  • United Spirits Posts Rs929 Crore Profit In September Quarter
  • Hyundai’s Domestic Sales Jump Nearly 24% In October
  • OBC Q2 Profit Rises Marginally By 3%
  • Indian Overseas Bank Shares Hit 11-Year Low On Disappointing Q2 Results
  • Nasscom Raises Concerns About UK’s Move To Curb Skilled Visas
  • Fertiliser, Electricity Push Core Sector Growth To 3.2% In Sep
  • India’s Energy Emission Growth At 8.2%, Highest Globally: Pwc
  • Brokerages Downgrade L&T On Weak Order Outlook, Valuation; Shares Fall
  • China Gives Biggest Boost To Its Currency Yuan In A Decade
  • Sovereign Gold Bonds To Attract Investors Over Other Options
  • LIC Nomura MF Plans To Mobilise Rs 200 Cr Via New Scheme
  • Oriental Bank Profit Up Over 3% At Rs 301 Cr
  • Reliance Capital Q2 Net Up 15% At Rs 250 Cr
  • Royal Enfield Aims To Expand Global Footprint

 

Morning Business News Round up_October 29, 2015

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Morning Business News :

  • India Among Top 10 In Total Individual Wealth Globally
  • Infy, Wipro, Hcl, Tcs Struggle To Meet Nasscom’s Target
  • Ongc To Start Cutting Costs As Oil Price Fall Hits Profit
  • Govts To Raise $22bn From Carbon Pricing In 2015
  • After Indigo’s Success, Goair Eyes Up To $150 Million Via IPO
  • Sun Recalls Over 10l Boxes Of Allergy Drug In Us
  • Carl Icahn Says Aig Should Split Into Three Cos
  • Amtek Auto Seeks To Sell German Unit Tekfor: Sources
  • Fed Sees ‘Moderate’ Pace Of Growth; Rates Unchanged
  • OVL To Double Africa Investments To $16 Bn In 3 Years
  • Diageo, Usl End Trademark Litigation On Black Label
  • Novartis’ Generic Drug Arm Gets USFDA Warning Letter For Two Plants In India
  • Hindustan Coca-Cola Takes Over Georgia Tea & Coffee Business In India

  • Defence Unit At Tata Steel Gopalpur Park To Start Production In Feb
  • Regulatory Reforms Can Lead To Substantial Benefits: Wb
  • India’s Chemical Industry Set To Touch $214 Bn By 2019
  • Textile Industry Appeals For Better Weightage To Domestic Market
  • Emco Board Nod For Dubai Arm Establishment
  • Tatas Join Uk Steel Industry To Petition Govt For Action
  • Govt Said To Mull Higher Foreign Investment Cap For State Banks
  • Indian Oil’s Paradip Refinery May Start Commercial Operations In March
  • Jet Airways Q2 Profit Rises 25% To Rs87.59 Crore On Lower Fuel Prices
  • Dabur India Q2 Profit Up 19% To Rs341 Crore
  • Syndicate Bank Q2 Profit Rises 5.3% To Rs332.37 Crore
  • Sensex Extends Losses For 3rd Day In A Row, Ends 214 Points Down, Nifty Settles At 8,171
  • Psu Disinvestment Nets 71% Of Total Fund Raising In Apr-Sept
  • Two Cci Members Order Fine On Jp Associates; Chairman, Others Overrule
  • Maruti Suzuki Baleno Gets Over 4,600 Bookings Within 2 Days
  • Arun Jaitley Must Revive Dtc, Reduce Income Tax Burden On Common Man
  • Wipro Bags 5-Yr Deal From Coop Norge Handel
  • Mf Investos Have To Give Info Under Fatca From Nov
  • REC’s Rs 700-Cr Tax-Free Bonds Oversubscribed
  • Future Generali To Raise Share In Health Segment
  • Indian Real Estate Has To Be Ready For Automation

Morning Business News Round up_October 28, 2015

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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

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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 08, 2015

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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