Morning Business News Round up_December 22, 2015

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_November 30, 2015

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

 

 

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Morning Business News Round up_November 25, 2015

Morning Business News :

  • ANG Industries gets order from Ashok Leyland (AL)
  • Cybertech Systems wins 139.5m-rupee contract
  • Gammon India Lenders invoke debt restructuring
  • Goa Carbon Paradeep plant shut for maintenance
  • Grindwell Norton strike at Bengaluru plant withdrawn
  • ICICI Bank Investment Technology Group, ICICI Securities to offer POSIT alert services
  • IG Petrochem to consider new business opportunity on Nov. 25
  • Just Dial approves buy back of 1.06m shrs at 1,550 rupees each

  • Kesoram Ind to make car tires, revive Odisha plant: DNA
  • Lanco Infra to invest $350m for solar panel factory in Chhattisgarh state
  • Lupin sued by Vanda over application for generic Fanapt
  • Max India to sell 23% more stake in health insurance JV to Bupa
  • MRF to set up 9b-rupee plant in Telangana: Business Line
  • Petronet Yet to sign any agreements w/ Rasgas
  • SpiceJet Chairman says the best performing airline stock in the world remains undervalued
  • Tata Power Among cos. that submitted pre-qualification applications for Zambia solar projects
  • Trigyn Technologies wins contract from Louisiana state
  • Wipro to get at least $100m more orders as BP expands deal: ET
  • Wockhardt Price-control authority exempts 3 insulin drugs

 

Today’s Wealth mantra !

“Price is what you pay. Value is what you get ”

-Warren Buffett.