Tag: Welspun Group

Morning Business News Round up_December 16, 2015

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Morning Business News :

  • Fed Begins Two-Day Meeting To Decide On Rate Hike
  • Direct Tax Mop Up Shortfall To Be Rs 40Kcr This Fiscal
  • More Rate Cut By RBI Unlikely This Fiscal: India Ratings
  • Quoting PAN For Cash Payments Over Rs 2L Mandatory
  • Sebi Chief Asks Bankers To Promote Startup Listing
  • Nestle Moves SC Against Order On Maggi Samples
  • Welspun Group To Hive Off Yarn-Spinning Biz For Next Gen
  • Exports Fall For 12th Straight Month, Down 24.43% In Nov
  • LIC HFL To Acquire 19% Stake In LIC Nomura Mutual Fund AMC
  • ICRA Downgrades Outlook On United Bank Of India’s Rating To “Stable”
  • OPEC Expects Oil Prices To Rebound From $35 Per Barrel In A Year
  • Monetary Limit For Filing Appeals In Tax Cases Raised
  • Jaitley Appeals To Congress Leadership For GST Support
  • Indian Cos May Again Have To Pay Special $2,000 Fee On H-1B
  • Petronet To Offer Value-Added Services At Kochi Terminal
  • 80% Chance For Global Economic Recession In 2-3 Years: Birla Sun Life
  • Kenya To Roll Out Tax Incentives To Lure Investments
  • US Rate Hike May Pose Risks To Some Emerging Markets: Moody’s
  • Petrol Price Cut 50 Paise/Litre, Diesel 46 Paise/Litre
  • Softbank Venture Wins First Solar Power Project In India
  • Australia Court Rejects Bid To Stop Adani Coal Mine
  • L&T’s Infra Arm Receives Rs1,000 Crore From Canadian Pension Fund
  • General Motors India To Recall Over 1 Lakh Units Of Beat Diesel

  • Sensex Surges 170 Points Ahead Of US Fed Meet, Nifty Settles At 7,701
  • Paris Deal Window Dressing As India To Double Coal Production
  • General Electric Sells Japan Lending Unit For $4.8 Billion
  • Outflows To Go Up As Arab Swfs May Pull Out More: Credit Suisse
  • Rs 19k Cr Cleared For Amrut, Rs 250k Cr For 85 Smart Cities
  • Fortum To Light Up MP Village With Solar Energy
  • United Bank Seeks To Raise Up To Rs 1500 Cr Via Pref Issue
  • Natco Gets DCGI Nod To Launch Hepatitis C Drug In India
  • Dell Could Buy Back At Least $3b In Vmware Tracking Stock
  • Equity Mfs Give Investors An Edge Over Inflation

Today’s Wealth Mantra !

“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.”

-George Soros

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Morning Business News Round up_November 30, 2015

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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_October 26, 2015

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Morning Business News :

  • IMF To Include Yuan In Benchmark Currency Basket
  • China Banks Seek More Capital As Bad Loans Pile Up
  • China Growth Rate May Fall Below 7%: Premier Li Keqiang
  • Volkswagen May Offer Discounts To Owners Of Cars With Illicit Software

  • UK Nuclear Deterrent To Cost 167 Billion Pounds
  • Sebi Mulls Mandatory ‘Dividend Policy’ For Listed Companies
  • Modi Govt Plans To Reward Made-In-India Innovations
  • India’s E-Tail Sees 3-Fold Growth In A Year
  • Bankers Expect Special Audit Report On Amtek Auto By Next Week
  • Welspun Group Eyes $5 Bn Revenue By 2020
  • New Energy Norms For Urea Plants May Save Rs 800 Cr In Subsidy
  • Govt Telcos In Talks With Pvt Operators To Share Spectrum
  • Henkel Has Option To Invest In Jyothy
  • Sept Raises Temperature Of Fuel Sector
  • The Regulator Has The Right To Tell Us What To Do
  • ‘Sin Tax’ For Alcohol, Tobacco Industries In GST Regime
  • MEP Infra Targets Highway Projects, Seeks Private Equity Partnerships
  • DLF Plans To Monetise Some More Housing Projects Thu PE
  • Demand For Wellness, Preventive-Care Treatment Rising Across Country
  • Sunteck Realty To Invest Rs 1K Cr To Acquire Distressed Assets
  • Lava To Invest Rs500 Crore To Set Up Manufacturing Plant In Andhra Pradesh
  • Competitor Offers $1 Rival To Turing Pharmaceuticals’ $750 Pill
  • M&A Deals Worth $25 Bn Signed In January-September
  • IIFL Holdings Q2 Profit Rises 28% To Rs140 Crore
  • Bank Unions Call For Nationwide Strike On 2 December
  • Income Tax Department To Roll Out ‘Pilot’ Project For Scrutiny Assessment
  • Risk-On Carry Trade Back In Global Financial Markets
  • US Fed Will Weigh Up ECB’s Push As It Sets Rates Message
  • Air Costa In Funding Talks Ahead Of Launch Of Pan-India Operations
  • Gold-Related Schemes To Be Launched On The Eve Of Diwali: PM
  • Fpis Net Inflow Tops Rs 19k Cr In Oct, A 6-Mth High
  • Sebi Wants Mfs To Join E-Commerce Bandwagon
  • GE’s India Unit To Export Med Equipments To Africa, ASEAN