Today’s M & A Deals_March 31,2016

M &  A Deals :



Today’s Wealth Mantra !

“You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.

― Peter Lynch


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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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Today’s M & A Deals_Dec 15,2015

M & A Deals :

  • OPIC commits $625M to South Asia related PE, VC funds
  • Sun Pharma to sell one US plant to Nostrum
  • Singh brothers to merge listed health tech firm with investment firm
  • Alibaba to buy South China Morning Post for $266M
  • Dil Mil raises funding from Saavn founder
  • Amazon overtakes Flipkart as most visited Indian e-com site
  • CapriCoast raises $3.5M in Series A funding from Accel Partners, others
  • Infosys to invest $3M in wearable tech startup WHOOP
  • Mahindra to buy Italian car designer Pininfarina
  • Gour Gupta picks up majority stake in Clear Channel Mudra
  • Sequoia trims stake, Nalanda buys more of Just Dial
  • Online marketplace for private jets JetSetGo raises $1.9M


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_November 18, 2015

Morning Business News :

  • Infra project budgets may drop land cost for faster nods
  • India Inc’s overseas investment down 21% at $2.3 bn
  • US consumer prices rise, may back rate hike views
  • Rosneft to buy Essar Oil; Iran in talks for refineries
  • Piramal Healthcare UK Ltd invests £2.0 mn in Scotland

  • FIIs can now invest upto 12% in Pipavav Defence: RBI
  • Jet, IndiGo, SpiceJet fined for cartelisation
  • Maharashtra govt to take back unused industrial land
  • Industry cheers govt’s new petroleum exploration policy
  • Maharashtra govt not to move SC seeking fresh ban on Maggi noodles
  • Bhushan Steel, Electrosteel Steels might look for strategic investors
  • BSNL reports operating profit of Rs 672 cr for FY15
  • IVRCL to get Rs 400 crore from loss-making sale of TN road projects
  • Blackstone to divest 50% of its investment in Synergy Properties
  • Sun Pharma to consolidate market share in pain relief biz segment
  • Solar capacity may reach 3,645 MW in 2016: Mercom
  • Current account deficit to be 1% of GDP
  • Number of active investor a/c with CDSL crosses 1-cr mark
  • 7th Pay Commission to submit report on Nov 19
  • CLSA’s Christopher Wood warns bad loans India’s biggest problem
  • Videocon launches FCCB issue to exchange part of existing bonds
  • Verdict reserved on arbitrator dispute between RIL, govt
  • India’s October oil demand highest in 5 months on vehicle sales
  • Craftsvilla raises $34 million from Sequoia, others

  • Sensex P/E ratio highest among emerging markets on steady foreign inflow
  • Sensex closes 104 points up on value buying, global cues; Nifty settles above 7,830
  • Crop insurance, irrigation key to raising pulse output
  • Indian Railways hikes minimum train fare from Rs 5 to Rs 10
  • Sugar stocks sweeten on expectations of lower crop output
  • Policy on coal linkages likely in 15 days: Govt
  • ITC Infotech partners with Ramco Systems
  • Residential realty prices may worsen
  • Axis MF eyes Rs 700 cr from Children’s Gift Fund
  • Airtel, NTPC to take a bad hit if rupee falls by 15%
  • Western Coalfields lines up Rs 6,280 cr investment by FY20

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 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

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 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


  • 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


  • 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 02, 2015

Morning Business News :

  • Huge Relief For Fiis:Gov Not To Levy Mat Prior To April 1,2015
  • Essar Controlled Ltl, Facts Misrepresented: Cbi
  • Govt Extends Deadline For Bids To Manage Cil’s 10% Stake Sale
  • Sebi Seeks Public Comments To Reset Clearing Corporation Norms
  • Sept Is Historically The Stock Market’s Worst Month
  • Govt Raises Import Tariff On Gold To $369 Per 10 Grams
  • Us Markets More Attractive Than India’s
  • China, Gdp Data Spook Markets
  • Provide Subsidy To Farmers Directly, Rbi Tells Govt
  • 2015 El Nino Is The Strongest Since 1997-98
  • Adani Group Wins 50 Mw Solar Power Plant In Up
  • Fitch Cuts Viability Rating For Pnb, Warns Idbi Vulnerable To Downgrade
  • Oil Falls 3% On Weak China Factory Data
  • Fitch Affirms Ratings On Nine Indian Banks
  • Maruti Sales Up 9% At 1.06 Lakh Units In August
  • Mahindra & Mahindra Sales Up 1.29% In August
  • L&T Wins Rs. 1,070-Cr Contract In Saudi Arabia
  • Western Disturbance May Stop Monsoon-On-Retreat
  • Oil Companies Slash Jet Fuel Price By 11.7%
  • Global Growth Likely To Be Weaker Than Expected, Says Imf Chief
  • Banks Must Move To Marginal Cost For New Base Lending Rate: Rbi


  • Global Funds Eyeing Infra Assets, Betting On Govt Push For Growth
  • Ultratech Seeks Clarification From Govt On Cement Assets Deal With Jaypee
  • Sensex Ends 587 Points Down At 25,696 On Weak Gdp Data, Global Cues; Nifty Closes At 7,786
  • Alstom Lowest Bidder In Indian Railways Locomotives Project
  • Dlf Gets Shareholders Nod To Raise Up To Rs 7,500 Cr
  • Jindal Steel Shutting Down Coal Mine In Australia
  • Bank Stocks Fall On Net Interest Margins Worries
  • Factory Output Growth Slips; All Eyes On Rbi For Rate Cut
  • Sebi Takes Actions Against Unauthorised Investment Schemes
  • Consumers In India ‘Extremely Optimistic’ About Eco Prospects: Survey
  • Tata Group Exits Taj Palace Hotel, Dubai
  • Sun Pharma Completes Acquisition Of Gsk Australia Opiates Biz


Morning Business News Round up_August 31, 2015

Morning Business News :

  • China Fears Linger As Focus On Fed’s Rate Hike Sharpens
  • Land Acquisition Ordinance Lapse Setback To Reforms: Assocham
  • RBI On Wait-And-Watch Mode On Interest Rates Cut: Raguram Rajan
  • Corrupt Banking System Creates Mountain Of Bad Loans
  • MMTC Looking For Investors To Sell Its Stake In ICEX
  • Give Banks Priority Sector Lending Benefit To Boost Gold Monetisation: WGC
  • Monetary Policy Panel Appointments: Finmin, RBI Agree On Key Change
  • Rajan Hints At Rate Cut, Says Inflation Down Quicker Than Expected
  • Sebi Wants Companies To Adopt ‘Dividend Distribution Policy’
  • Payments Banks Rs 14,00,000 Cr Bonanza For Infra Sector
  • GMR Plans To Export Power From Its Nepal Plants To Bangladesh
  • ONGC, Partners To Invest $24 Bn In Mozambique Gas Field
  • Govt Mulls 2-Kg LPG Cylinders; Starts E-Booking For Connections
  • SEBI To Review Surveillance Systems; Fast-Track Enforcements


  • Sun Pharma, Wockhardt Recall Drugs From US Market
  • Govt To Finalise Gas Pricing Formula Soon
  • Maharashtra Govt To Buy Back Kolhapur Proj From IRB Infra
  • Majority Of Unions Reject Govt Appeal To Call Off Sept 2 Strike
  • Govt Not To Go Ahead With OIL Stake Sale Soon
  • Infosys Gets Govt Nod For 3 More Campuses In Bengaluru
  • Aditya Birla Group’s Revenue Crosses Rs2.5 Lakh Crore; Up 9%
  • Lower Crude Oil Price Gives Lubricants A Smoother Ride
  • No Plan To Buy Jaypee’s Bhilai Cement Unit, Says Ultratech
  • Indian Oil Plans $2.4 Billion Ethanol Investment
  • Immigration Shift In US Shows India, China Outpacing Mexico
  • Indian Pharma Industry Capable Of Discovering New Drugs: Sun Pharma
  • FDI In Services Sector Dips 14% In April-June Quarter
  • Nine Top-Valued Sensex Companies See Rs 93,000 Crore M-Cap Erosion
  • Bharti Airtel, Idea Cellular Hike Post-Paid Data Tariffs By 20% In Delhi
  • Tata’s Revenue Rises To $108.8b; Headcount Cross