Tag: Tata Steel

Morning Business News Round up_December 07, 2015

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Morning Business News :

  • Iran To Sign $3 Bn Gas Contract With Consortium Of Indian Cos
  • Micromax Annual Revenues Cross Rs 10,000 Crore In 7 Years

  • Rajya Sabha Numbers Make GST Bill Talks Binding On NDA Government
  • Fairfax Holdings, Changi In Talks With GMR To Invest Rs 3,200 Crore For 30% Stake In Airport Biz
  • Bus Aggregation Startups Like Shuttl, Zipgo To Benefit From Arvind Kejriwal’s Odd-Even Rule For Private Vehicles
  • Sebi Show-Cause Notice May Hinder RBL Bank’s Rs 1,450 Crore IPO Plan
  • Cipla Reshuffles Its Senior Management Team Again
  • Delhi & Tokyo May Ink Pact For India’s First Bullet Train During Japanese PM Shinzo Abe’s Visit
  • Adani Ports Keen To Enter Maharashtra, Andhra Pradesh, Karnataka And Foreign Nations
  • Shemaroo Partners With DTH Players To Launch ‘Miniplex’
  • Tata Steel May Be Nearing A Deal On UK Plant
  • Railways Has Undertaken PPP Projects Worth Rs 14,000 Crore
  • Irdai To Launch Portal For Health Insurance Plans Information
  • Baidyanath To Make FMCG Foray With Cosmetics, Wellness Products
  • Telecom Companies Suffers Rs 300 Crore Loss Due To Chennai Floods
  • Sebi Likely To Set Strict Norms For Stock Exchange Shareholders

  • Chennai Banks To Remain Open On Sunday To Get Cash Flowing
  • Hindalco Looks To Exit Copper Mining And Focus On Smelting
  • Essar Oil To Delist At Floor Price Of Rs146.05 A Share
  • Leverage Ratio For Banks Can Rise As High As 5%
  • GMR Infra Inks $300-M Bond Deal With Kuwait Investment Body
  • Sona Koyo To Launch Power Steering For Small Tractors
  • Apollo Tyres Resumes Operations At Oragadam Plant
  • Tata Sons To Acquire Additional 0.22% Stake In Titan
  • Sanofi Arm Launches Polio Vaccine In Domestic Market
  • Godrej Launches Cuisine Regale, A Lifestyle Modular Kitchen Gallery Brand
  • Birla Group To Expand Textile Value Chain
  • Progress On GST To Set The Trend For Equity Markets
  • Cera Plans Enhanced Presence In Central India
  • Tata Group Eyes $350 Billion Market Cap By 2025

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Morning Business News Round up_November 09, 2015

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Morning Business News :

  • India Sebi to raise surveillance to avoid market volatility due to trouncing of BJP-led alliance in Bihar polls
  • ABB Plans to double sales in India, CEO tells SonntagsZeitung
  • ABG Shipyard 2Q loss 4.78b rupees vs 1.73b loss
  • Adani Enterprises and Adani Power Environmental group to challenge Adani Carmichael coal mine
  • Andhra Bank 2Q net income 2.5b rupees vs 2.3b est.
  • Ashoka Buildcon 2Q net 401.2m rupees vs 58.1m
  • Aurobindo Pharma 2Q net 4.52b rupees vs 4.71b est.
  • Ballarpur Industries 2Q loss 187.8m rupees vs 16.7m profit
  • Balmer Lawrie 2Q net +75% to 303.7m rupees
  • Bharat Heavy Wins 2 orders valued at 46.1b rupees in Andhra Pradesh
  • Britannia 2Q group net 2.19b rupees vs 2.08b est.
  • Cairn India Is able to add 250m barrels to Rajasthan reserve
  • Camlin Fine 2Q net -61% to 50.6m rupees
  • Claris Lifesciences 2Q loss 130.2m rupees vs 203.7m profit
  • Bank 2Q net income 1.9b rupees vs 1.6b yr earlier; est. 1.43b
  • Everest Kanto 2Q loss 338.1m rupees vs 252.2m loss
  • Geojit BNP Paribas 2Q net -38% to 124.2m rupees
  • GlaxoSmithKline Consumer 2Q net 2.19b rupees vs 1.87b est.

  • Godrej Industries 2Q net 1.35b rupees vs 951.6m
  • Great Eastern Shipping 2Q net +85% to 3.83b rupees
  • Gujarat State Petronet 2Q net 1.09b rupees vs 1.22b est.
  • Hathway Cable 2Q loss 489m rupees vs 437m loss est. To demerge ISP business into Hathway Broadband
  • Hindustan Copper 2Q net -57% to 74.1m rupees
  • Hotel Leelaventure 2Q loss 558.1m rupees vs 1.6b loss
  • Indraprastha Gas 2Q net income 1.02b rupees vs 1.1b est.
  • Jindal Stainless 2Q loss 1.88b rupees vs 2.55b loss y/y , To issue 10.5b rupees of shrs, pref. shrs to lenders
  • Maruti Suzuki to offer automatic versions of WagonR, Stingray
  • Max India 2Q net 27.4m rupees vs 113m loss
  • MT Educare 2Q net +21% to 135.2m rupees
  • Oil & Natural Gas 2Q profit beats, sales trail ests.
  • Punj Lloyd 2Q loss 2.83b rupees vs 2.64b loss
  • Reliance Communications 2Q net 1.56b rupees vs 1.69b est.
  • Reliance Infra Seeks approval for open offer in Pipavav Defence (PIPV)
  • Rico Auto 2Q net 79.7m rupees vs 20.6m loss
  • SRF 2Q net 861.1m rupees vs 995m est.
  • Sun Pharmaceutical 2Q net income -41% y/y to 13.7b rupees; est. 12.7b
  • Tata Chemicals 2Q net 2.55b rupees vs 2.44b est.
  • Tata Motors Posts unexpected loss on charge related to Tianjin
  • Jaguar Land Rover Oct. sales +24% y/y to 41,553 units

  • Tata Steel Demands suppliers cut prices by 30%: Telegraph; Revenue declines as metal prices stay weak
  • Unitech 2Q loss widens y/y to 658m rupees from 147m

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_September 29, 2015

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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