Morning Business News Round Up_Jan 09, 2019

  • RBI issues guidelines for card transactions
  • Infosys to consider share buyback, special dividend
  • Rs 6K cr assets detected under black money law
  • No proposal to give more powers to RBI: Govt
  • Vedanta to approach TN govt to restart Sterlite plant
  • Jalan panel report on RBI reserve likely in April
  • CAG favours policy framework for off-budget financing
  • Direct tax collection shortfall worry likely to add fiscal deficit woes
  • GST, excise, service tax evasion shoots up to Rs 48,555 cr in Apr-Dec
  • SC overturns Delhi HC ruling, grants Bt Cotton patent to Monsanto
  • NTPC to invest Rs 10,300 cr in greenfield thermal and solar plants in UP
  • Booster dose for pharma as Govt okays refund on foreign plant inspection
  • Allcargo makes space for Flipkart, Decathlon
  • Loans, deposits by Indians in Swiss banks down 34.5% in 2017
  • Prabhat Dairy plans to enter animal nutrition business
  • Pfizer to exit two more plants in India
  • Bengal Chemicals eyes larger presence in e-comm trade
  • Tata Steel sales down 10 per cent
  • RBI sets up panel under Nandan Nilekani to boost digital payments
  • Cabinet gives land to GAIL to set up CNG station in Patna
  • Myntra revenue shrunk by 80% to ₹427 crore in FY18
  • Mobile wallet transactions decline in November: RBI
  • Banks ask Jet Airways to explain its liquidity situation
  • Mumbai PPA brings earnings visibility for Tata Power
  • RBI cancels registration of 45 NBFCs; West Bengal tops list
  • IBM receives 9,100 patents in 2018; India second highest contributor
  • Trade talks with China going ‘very well’, says US president Donald Trump
  • Gita Gopinath joins IMF as its first female chief economist
  • Skies darkening over the global economy, says World Bank
  • NMDC to buy back Rs 1k cr shares
  • Post-death transfer of demat shares now requires physical documents
  • Iran hopes India will seek another waiver from US sanctions
  • Iran bank to become channel for rupee/rial dealings
  • Shoppers Stop evaluates FDI, e-comm strategy
  • Kharif crops sell below MSP; rabi sowing falls

Morning Business News Round up_December 18, 2015

Morning Business News :

  • Fed Awards $105.2 Billion Of Reverse Repos
  • India, US Trade Ministers To Discuss WTO Issues
  • Goldman: High Risk Of Oil Dipping Further; Likely To Hit $20/Bbl
  • US Q3 Current Account Deficit Largest Since 2008
  • RBI May Lower Rate By 25-50 Bps In 2016: ET Poll
  • Ergo To Buy 23% Stake In HDFC Ergo For Rs 1,122cr
  • Cash Flow Of High-Debt Firms Turns Positive After 10 Years
  • M&M May Tweak Engines To Suit Emission Norms
  • Disclosure Rules Eased For Payments To Non-Residents
  • Vedanta-Controlled Balco Wins IMEA Gold Award
  • USFDA Approves Aurobindo’s Drugs For Diarrhoea, Allergy
  • Carmakers Call For Comprehensive Plan After Delhi Smog Crackdown
  • RBI Allows More FII Buy In Powergrid Corp
  • MCX To Ban Members Not Registered With SEBI
  • NDMC Nod Likely For New Towers On Govt Land In Lutyens Delhi
  • India Needs Rs. 31 Lakh Cr For Infra Sector In 5 Yrs: Crisil
  • ‘India Better Placed Than Peers To Deal With Impact Of Fed Rate Hike’
  • Alkem, Dr Lal To Make Stock Market Debut On Dec 23
  • RBI Unveils New Math For Banks’ Lending Rate
  • Developing And Developed Countries In Deadlock At WTO
  • Maruti’s Shareholders Allow Suzuki To Own Upcoming Gujarat Plant
  • HUL Buys Indulekha In Return To Hair Oil Segment
  • Rajan’s Crackdown On $59 Billion Bad Loans Means M&A Surge In India
  • CBI Files Chargesheet In Bank Of Baroda Remittances Case
  • Sensex Gaining Streak Continues For 4th Day, Surges 309 Points To End At 25,804
  • Vodafone, Reliance Com May Clinch 3G, 2G Roaming Agreements
  • US Visas: On Top Of $1 Bn Hit, IT Firms’ Costs Up 4-Fold
  • Govt Defers Plan To Impose 2% Levy On Air Tickets From Jan 1
  • India Ranks 97th On Forbes’ Best Countries For Business List
  • India Not Immune To Fed Rate Hike Jitters: Fitch
  • Govt Wants 30% FDI Growth Per Year: Kant
  • Thomas Cook Completes Acquisition Of Kuoni Travel

  • Anil Ambani, Spielberg Join Hands To Form Amblin Partners
  • Goa Govt Forms Panel To Solve Ore Transportation Impasse
  • Rs 10k-Cr NHAI Tax-Free Bond Issue Oversubscribed

Today’s Wealth Mantra !

“Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative excesses that develop, particularly during the long bull market.”

-Ron Chernow

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Morning Business News Round up_November 20, 2015

Morning Business News :

  • BOJ keeps policy steady despite recession, sees capex rebound
  • China banks turn blind eye to soaring overdue loans
  • Fed to hold term reverse repo operations in December
  • India to sell more coal mines in production push – govt official
  • 7th Pay Commission recommends 23.55% pay hike
  • October air passenger traffic up 18 percent
  • Centre puts up 8 coal mines from 4 states for auction
  • Rajasthan to get investment worth Rs.3.3 lakh crore: CM
  • RBI says investors will need approval to buy 5 pct in banks
  • Anil Ambani bets big on solar power in Rajasthan
  • India’s sugar output rises by 33% in early crushing season
  • Vedanta may scale back expansion on soft aluminium prices
  • Companies garner Rs 5,500 crore via NCDs in Apr-Oct
  • Punj Lloyd bags two orders worth Rs 483 cr from NTPC

  • Strides Arcolab changes name to Strides Shasun Ltd
  • CEA-led panel may suggest GST rate of 20-24%
  • RBI sets direct agri-lending target at 11.57%
  • Canara Bank to raise Rs 2,400 cr by issuing tier II bonds
  • Naveen announces Rs 35,000 cr package for western Odisha farmers
  • Two US law firms threaten class action law suit against Dr Reddy’s
  • Modi’s gold deposit scheme attracts only 400 grams

 

Today’s Wealth Mantra !

“In investing, what is comfortable is rarely profitable.”

– Robert Arnott

 

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 21, 2015

Morning Business News :

  • HSBC, Citibank Hire Investigators To Probe Black Money Trail
  • Rcom, Aircel And MTS Begin Talks For Three-Way Merger
  • Mahindra & Mahindra Pips Tata Motors In CV Sales
  • RBI Invites Applications For BBPS Units
  • Govt May Pay Sugarcane Growers Direct To Help Mills
  • S&P Downgrades Vedanta Resources Credit Rating
  • TRAI Call Drop Norms To Hurt Telcos’ Earnings: Bofa-ML
  • BSE Asks Brokers Using Algorithm Trading To Submit Audit Reports
  • Impairment For KG-D6 Block Likely For RIL
  • World Bank Poverty Estimates Are Poor, Says Government

  • US FDA Raises Concerns On Cipla’s Indore Plant
  • Oil & Gas Industry Seeks Slashing Of Rs 4,500 Per Tonne Cess On Crude
  • Tata Steel Says May Cut About 1,200 UK Jobs In Restructuring
  • Bajaj Finserv Consolidated Net Profit Jumps 40% In Q2
  • Biocon Q2 Profit 300% Up At Rs 306 Cr On Syngene Windfall
  • RIL’s Refinery Margins Will Continue To Improve: Moody’s
  • ACC Q3 Consolidated Net Down 40% At Rs. 115 Cr
  • HCL Tech To Buy Volvo’s IT Business
  • Vedanta To Export Over 5.5 Mt Iron Ore From Goa This Year
  • Govt Mulls Raising FDI Limit In News Media
  • Maruti’s Royalty Payouts To Suzuki ‘Extortive’, Says Report
  • Adani Transmission Q2 Consolidated PAT Jumps To Rs. 153 Cr
  • India In Talks To Buy Coking Coal Mines In South Africa
  • Hero Motocorp Q2 Profit Rises Marginally To Rs772 Crore
  • Airtel Raises $400 Million More From Sale Of Africa Assets
  • Govt Likely To Order Audit Of Telecom Firms
  • Rupee Closes 25 Paise Weaker Against US Dollar At 65.06
  • SKS Microfinance Net Profit Up 37% In September Quarter
  • Employment Increases By 5.21 Lakh In FY15
  • FY15 Coal Import Bill Spills Over Rs 1 Lakh Crore; 27.12% Jump
  • TCS Announces Global Alliance Partnership With Tableau Software

  • Govt To Tap Rs 10k Cr Idle Funds For BPL Age, Health Cover
  • Bond Holders Could See Windfall Gain With Hike In FPI Limit
  • Irdai Clears Air On Control Of Indian-Owned Cos
  • India At Rock Bottom In Global Pension Index
  • Ramco HCM Makes Its Foray In The US Market
  • S&P Unlikely To Change India’s Rating Till At Least 2016
  • Attune Technologies Raised $10m In Series-B Funding