Tag: #Unlimitedtrading

Morning Business News :

• FIPB clears FDI proposals worth Rs 643 crore
• Reliance AIF to raise Rs 1,000 crore for realty investments
• BFIL may raise Rs 10,000 crore in FY17 to meet credit demand
• Yeldi gets semi closed wallet licence from RBI
• Emaar PJSC plans to raise stake in MGF joint venture to over 74%
• JK Paper makes offer to buy 2 units of BILT Graphic Paper
• Mines Ministry mulls hiking aluminum import duty
• Claris gets USFDA nod for anti-bacterial infections injection
• Aditya Birla Fashion to acquire Forever 21 in India for $26 mn

• Marriott opens Fairfield in Lucknow, to open six more hotels by the end of 2016
• Twitter ropes in Facebook veteran Bret Taylor to revive fortune
• Vodafone emerges as frontrunner for buying out Telenor’s operations in India
• Essar Ports to remodel business, invest Rs3,000 crore in LNG terminal
• June quarter saw global economic growth at lowest since 2012
• New mines minister Piyush Goyal seeks to raise mineral output
• Centre weighs in with ₹90,000 cr to pump-prime the economy
• Petronet LNG plans a ₹5,000-cr terminal in Bangladesh
• Broadcasters eye sports content for digital reach
• GIPCL receives LoI for solar project
• Vedanata to plant 13,000 saplings around their mining operations in Goa
• BSH Home Appliances to raise production capacity
• Claris gets USFDA nod for Tobramycin injection
• Coal India joins buyback bandwagon
• Aurobindo to launch 7 products in US this quarter
• Lafarge India bidders in London for final negotiation
• H&M India will boost staff strength to 1,000 by year-end

Morning Business News :

• GST may hit Centre’s revenue by Rs 1.5 lakh cr
• Snapchat’s teen fans wince as app catches on with their folks
• Axis Bank gets nod to raise foreign shareholding to 74%
• L&T, HCC bag contracts for Mumbai Metro Line-3
• BookMyShow raises over Rs550 crore from Stripes Group, existing investors

• Cabinet reshuffle: Prakash Javadekar rewarded for being in sync with PMO
• Deutsche Boerse signals HQ may be outside UK after London Stock Exchange deal
• Netflix to make debut on Comcast’s X1 box later this year
• LPG costlier by Rs 14 in Assam after subsidy withdrawal
• BSNL operating profit to be over Rs 2,000 cr this year: Ravi Shankar Prasad
• Indian Railways plans airport-style makeover
• Samsung unveils 44 new models in its 2016 TV range
• CCEA allows Axis Bank to raise foreign shareholding to 74%
• Delhi-NCR records 39% rise in net office space absorption
• SEBI may take Aadhaar route to tap buyers on e-comm platforms

Morning Business News :

• Telcos may spend Rs 1 L-cr on spectrum in next auction
• Dabur set to roll out fruit-based fizzy drinks
• Tata Teleservices may shut CDMA operations in 850 Mhz band
• Flipkart mulls big changes to its flagship sales event ‘Big Billion Day’

• New residential project launches at three-year low
• Bank of Baroda steps up lateral hiring under new chief executive PS Jayakumar
• IOC refuses stake sale offer in Nagarjuna Oil project
• Poly Medicure to invest ₹60 cr in new facility in Haryana
• UltraTech to pay ₹289 crore more for JP Associates’ cement units
• Global auto parts major ZF plans bigger play, new R&D unit in India
• Ramco Cements gets green nod to expand power plant in TN
• NMDC slashes high grade iron ore prices by 5.5%
• Hero MotoCorp inks 3-year wage pact with Gurgaon workers
• Allcargo Logistics announces Adarsh Hegde as joint MD
• Non-urea fertiliser prices slashed by up to ₹5,000/t
• TeamLease acquires local rival ASAP Info Systems, enters IT staffing
• Tata Sons to pump Rs 3k cr into Tata Teleservices
• Tyre industry petitions against imports from China
• L&T to launch 5-yr plan, likely to focus on services business
• Haryana pushes the envelope to go beyond Gurgaon-Manesar
• Jaypee salvages UltraTech cement deal, loses control of Jaiprakash Associates
• ICICI Bank sells Essar Steel loan exposure to Edelweiss ARC
• Mukesh Bansal, Ankit Nagori raise $15 million for start-up CureFit
• L&T Infotech aims to double revenue, profit in four years
• After Tiago success, Tata Motors fast tracks work on micro SUV
• 1mg Technologies acquires diagnostic labs aggregator Medd
• JSW Cement, Nirma among bidders for Lafarge assets

Morning Business News :

• SEBI issues new norms for foreign portfolio investors
• CME group may pick up stake in MCX
• Minority shareholders take Ricoh India to task
• India lifts ban on trade of certain items with Iran
• Dubai awards Alstom-led consortium $ 2.88 bn metro
• Cabinet approves new mineral exploration policy
• General Motors’ market share goes below 1% in India
• Sebi has no jurisdiction to pursue NSEL scam
• New law allows shops, malls, eateries to stay open 24×7
• Supreme Court declines stay on payment to Sasan UMPP
• Service tax dept begins e-auction for Mallya’s luxury jet
• Cabinet clears pay hike for 1 cr govt employees, pensioners
• No dual power tariff for coop, public sector cogeneration plants
• ArcelorMittal buys back bonds worth $576.30 mn
• L&T Infotech’s ₹1,233-crore IPO to open on July 11

• Vedanta beats mine blues to generate ₹11,000-cr cash in FY16
• Central govt staff disappointed, call for strike on July 11
• Raghuram Rajan resists plan to fund banks from RBI coffers
• Monsoon session of Parliament to start on 18 July
• Brexit will not affect UK sale process: Tata Steel
• Govt decides to extend budgetary grants to Gail, GSPC
• Siemens India chasing large orders, says CEO Sunil Mathur
• Govt targets $8.9 billion in energy efficiency cost savings
• India has shown sustained commitment to non-proliferation: US
• SBI seeks DRT certificate to recover debts from Mallya
• Irdai imposes Rs 10 lakh penalty on Max Life Insurance
• Crayon Software appointed Microsoft’s cloud distribution partner
• No expectation of major reforms from government: Ruchir Sharma
• Consumer spending to rise 5% with central pay hike
• Brexit to have major impact on earnings: Suzuki Motors
• NMEP will permit auction of 100 mineral blocks
• Toyota recalls 3.37m cars over airbag, emissions issues
• Sensex rallies 216 pts on govt wage bonanza, GST hopes
• Uday may not destabilise fiscal consolidation: Ind-Ra
• GIC Re eyes new markets to grow foreign business

Morning Business News :

• Fairfax Financial Holdings seeks RBI approval for 10% stake in Kerala’s Catholic Syrian Bank
• Banks set to lobby RBI for liberal loan recast norms
• Coal India asks subsidiary Central Coalfields Limited to clarify share valuation norm
• Russia’s giant Vankor oilfield reaches peak production level: ONGC
• Indian Motorcycle eyes volume ramp-up with ‘Scout 60’
• Maruti Suzuki’s compact SUV Vitara Brezza, Toyota’s Innova make it to top passenger vehicle list in May
• Asian Paints to invest Rs 4,000 crore in new units at Karnataka, AP
• Dr Lal PathLabs eyeing 18 per cent growth in FY17
• Suzlon commissions 4.2 MW wind project in Gujarat
• Dani Enterprises raises Rs. 150 cr via NCDs
• CII, Hind Unilever join hands for food safety
• Videocon goes for asset sale to tide over debt levels
• Bank mergers likely to happen after SBI consolidation, says finance ministry official
• TVS Electronics expects POS business to grow at 12-15%
• V-Guard looks at powerless homes in UP, Eastern India for its solar solution
• Aban’s subsidiary bags order worth Rs 592 crore from ONGC
• Essar Energy sells 50% stake in KPRL to Kenyan Government
• Brexit impact: Indian tea export realisation from UK to fall 7-8%
• BSNL to install 2,000 new mobile towers in Chhattisgarh
• Bajaj Finserv likely to buy out Allianz’s stake in insurance joint ventures
• Sebi set to allow e-commerce firms to sell mutual funds

• Titan is slowly reinventing itself to keep up with the times
• IIFL looks to raise Rs750 crore realty debt fund
• Mahindra and Mahindra bounce back may be priced in
• Bank of Baroda will sell non-core assets gradually: chairman Ravi Venkatesan
• Rapid growth of MFIs’ gross loan portfolio sets alarm bells ringing
• Bajaj Finserv likely to buy out Allianz’s stake in insurance joint ventures
• Mahanagar Gas IPO does not move the needle much for GAIL

Morning Business News :

• Brexit may have adverse impact on Jaguar Land Rover’s operations
• No magic button for Maggi growth: Suresh Narayanan, Nestle India
• New norm may open doors for Apple Stores in India
• Goldman Sachs’ fund to invest $250 million in Essel Highways

• Ola expands into two new categories – outstation and rental
• Kharif sowing begins as monsoon finally hits north, central India
• Narendra Modi government to introduce scheme for speedy redressal of grievances on services
• Brexit effect: Darjeeling tea producers put price talks on hold
• CCI dismisses allegations against Nissan Motor
• Times Internet to invest $100 million in marketing technology platform Colombia
• CLP buys 49 per cent in Suzlon’s solar project in Telangana
• FSSAI bans use of potassium bromate as food additive
• Zydus Healthcare buys 2 ANDAs from Teva
• Apollo, Chinese company to set up hospital in Hainan
• CIL’s cash pile under pressure as share buyback looms
• JLR launches Discovery Sport petrol variant at Rs. 56.50 lakh
• Gayatri Projects bags ₹700-crore order for Navi Mumbai airport
• RCom-Aircel merger talks for another fortnight
• Vistara aims for foreign skies in 18-24 months
• Flipkart remains defiant as sellers protest over new norms
• KPMG, 3 others line up to be BoB’s property advisor
• Essar Oil looks to double petrol pumps to 4,300 in 18 months
• JLR India taps parent for smaller engines to circumvent diesel ban
• Govt says Apple has to apply again for local sourcing waiver for India stores
• Uttam Galva files with BIFR as losses exceed net worth
• India allows 100% FDI in defence via govt approval
• Centre’s credit guarantee scheme worries RBI
• BTI Payments looking to raise Rs250 crore from PE funds

Morning Business News :

• S&P, Dow poised for worst losing streak since August
• Govt says closely monitoring possible fallouts of Brexit
• HDFC Life, Max Life in talks to create India’s biggest pvt life insurer
• Q4 current account deficit narrows to 0.1% of GDP
• Govt asks state companies to stop imports, buy coal from CIL
• Sebi to pave way for offshore fund managers to relocate to India
• Sebi frowns upon United Breweries over Mallya’s board seat
• Fitch assigns BBB- rating to NTPC with stable outlook
• Draft GST law envisages harsher penalties for tax evaders
• McNally Bharat, arm, Kilburn merger is closer
• SEBI directs NCDEX to suspend trading in chana contracts  

• Moody’s revises Tata Power’s outlook to negative from stable 
• NCLT constitutes committee for considering FTIL asset sales
• IFC to invest up to $75 million in Glenmark Pharma
• RBI may accept top-rated corporate bonds as collateral in liquidity ops
• IDFC Alternatives fund may buy 275MW solar assets from ACME
• Rising sugar prices may draw unwanted attention
• Sensex closes 200 points down as Brexit remains a worry, Nifty settles at 8,140, 
• Government slaps 20% duty on sugar exports
• Bangladesh, India launch trans-shipment operations
• ‘Mark 1’ maker CREO rolls out update for FUEL Operating System
• Vistara, AirAsia India seek quick fleet growth
• Indian stocks face trouble as US VIX surges ahead
• MCX plans to launch 5 new contracts in agri segment
• Just Dial, UTI MF, IRCTC in Fortune India Next 500 list
• Tatas join Uber to sell cars with buying options

Today’s Wealth Mantra !

“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble”

Warren Buffett

Morning Business News :

• US industrial output falls in May, manufacturing slips
• Cabinet’s nod to merger of 5 associate banks with SBI
• Japanese, Chinese realtors bullish on Indian realty
• Trade surplus in services expands to $5.72 billion
• Oil at $45-$50 can supply deficit: Goldman Sachs
• Fed leaves interest rates unchanged, signals two hikes this year
• Trade deficit widens to three-month high in May
• UK Treasury chief warns of tax rises in case of EU exit
• CERC observes market violations by power exchanges
• 22% rain deficiency due to slow-progress of SW monsoon
• European investors buy heavily into gold ahead of Brexit poll
• Bill seeking special status for India fails to pass US Senate
• HUDCO’s 10% stake-sale plan gets Cabinet nod
• India-EU project for waste water reuse raises crop yield
• Cabinet clears civil aviation policy
• Automatic info exchange: India, Switzerland agree to speed up pact
• MNRE to set up 1,000 MW wind power projects
• LIC willing to be partner in India’s maiden sovereign wealth fund
• Reliance Jio may launch services by September: officials

• ChrysCapital, GIC may buy SBI’s 5% stake in NSE
• Nippon Express in talks to buy 43% stake in TVS Logistics
• Marc Andreessen sees big exits for tech start-ups in next wave
• India car firms form consortium for electric vehicle components
• Rupee closes up 0.17% against US dollar
• Exports post marginal drop in May as non-oil sectors recover
• SoftBank sees up to $2.4 bn profit on Alibaba share sale
• Indian real estate may attract $2 billion investment from Japan
• Gold imports decline 39 per cent to $1.47 bn in May
• Trade unions threatens strike over NITI Aayog’s proposal to sell Air India
• PNGRB drops 7 out of 11 cities for CNG retail licenses
• India’s GDP growth to cross 8% this fiscal: Panagariya
• Fertiliser output likely to set new record in FY17
• Vedanta shareholders’ nod to hike inter-corporate loan
• CCI to probe 3 more complaints against Monsanto
• Sebi confirms ban on 19 entities in tax evasion case

Today’s Wealth Mantra !

“Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”

― Warren Buffett