M & A Deals_Dec 24,2015

M & A Deals :

  • Shotang raises $5M in Series A funding from Exfinity and Unitus Impact
  • Wipro to acquire US BPaaS firm Viteos for $130MWelspun sells 37% stake in road project to IDFC fund
  • Mobile gaming firm Mech Mocha gets $1M from Blume, Flipkart
  • Tech Mahindra forays into mobile wallet space with MoboMoney

 

Today’s Wealth Mantra !

“With the possible exception of things like box scores, race results, and stock market tabulations, there is no such thing as Objective Journalism. The phrase itself is a pompous contradiction in terms.”

-Hunter S. Thompson

 

Demat_Offer

Morning Business News Round up_December 24, 2015

Morning Business News :

  • Govt Mulls Tax Sops On Esops, VC Investments
  • Energy Sector Will Generate $250 Bn Investment
  • Govt Delays  Law, GST Deadlock Remains
  • Govt Says Closing In On Westinghouse Deal Worth $150 Bn To Build 6 Nuclear Reactors
  • OVL’s $1.26 Bn Vankor Buy To Be Signed Tomorrow
  • Essar Oil Gets Okay For Institutional Sell-Off; Time To Delist From Bourses
  • Sebi Panel Advises On Removing ‘Conflict Of Interest’ While Rating
  • Rajan Raises Concerns Over High Corporate Sector Vulnerabilities
  • Rcom Suspends Launch Of Free Basics Till TRAI’s Approval
  • World Bank Feelers To Part-Finance India Post’s Payments Bank
  • Indian Railways Signs Rs 500 Cr Pact With Coal India For Supply Of 2,000 Wagons
  • CBDT Issues MAT Order Pertains To Foreign Companies
  • Piramal Enterprises Buys 5 OTC Brands For Rs 92 Crore
  • Court Asks MCA To Decide On FTIL-NSEL Merger By Feb 15
  • Lupin Gets USFDA Nod To Market Potassium Chloride Capsules
  • Nalco Inks R&D Pact With Chalieco Of China
  • Idea Launches 4G Services In Five Southern States

  • Small Investors In Dark Over Sahara’s Latest Shadow Banking Schemes
  • Welspun Enterprises Divests 37% Stake In Dewas Bhopal Road Project
  • Boards Raise Scrutiny As Infosys And Wipro Bet Big On Start-Ups
  • Sensex Rebounds 259.65 Points, Nifty Ends At 7,866
  • DLF Gets Rs 1992 Cr From GIC From Stake Sale In 2 Projects
  • Npas Jump 50 Bps To 5.1% Between March And September Quarters: RBI
  • Dr Lal, Alkem Make Strong Debut On Bourses
  • SAIL To Soon Launch Rs 400-Crore Voluntary Retirement Scheme
  • Wipro To Acquire Viteos Group For $130m In Outsourcing Push
  • L&T Bags Orders Worth Rs 1,178 Crore In December
  • Over Rs 16k Cr Undisclosed Income Detected In 20 Months
  • Sebi Attachment Orders Up 5-Fold At 1,610 In FY15

Today’s Wealth Mantra !

“With the possible exception of things like box scores, race results, and stock market tabulations, there is no such thing as Objective Journalism. The phrase itself is a pompous contradiction in terms.”

-Hunter S. Thompson

Demat_Offer

Retail News Round Up_Oct 20,2015

Retail News :

  • Amazon India adds muscle to B2B segment
  • Spykar Lifestyles to foray into e-commerce space
  • Mahindra & Mahindra forays into branded pulses business
  • Dabur sees a hit to ‘Real’ juice sales from Nepal unrest
  • India Value Fund to invest up to $150 million in food business
  • Havells targets Rs 500 crore revenue by 2016 in Karnataka
  • Dabur to invest Rs 100 crore in beauty retail chain NewU
  • Welspun India climbs 6% on proposed e-commerce portal in US
  • Vivo Bags IPL Sponsorship, Will Start Manufacturing Smartphones Domestically in Noida
  • Paytm Gets Into Hotel Bookings, Ties Up With Goibibo, Ezeego1, Via & TSI-Yatra

 

Morning Business News Round up_October 05, 2015

Morning Business News :

  • ONGC To Seek Govt Help For $6-Bn KG Project
  • Adani To Buy Welspun’s 2 Ready-To-Build Power Plants
  • State Bank Of India To Charge Up To 10% For Home Loans
  • Cabinet To Consider Rs 4.3 Lakh-Crore Loan Recast Of Discoms
  • India Pledges To Increase Use Of Non-Fossil Fuels
  • Indiabulls’s $1 Billion Issue Gets Shareholders’ Nod
  • Center To Invite Bids For National Agri Market Platform
  • Volkswagen India Sales Down After 7 Months Of Growth
  • Lower Costs, Be Vigilant Of Risky Assets, Sebi Tells Amcs
  • NMDC Slashes Iron Ore Rates By Over 50%; More Revision Likely
  • New Gas Price Will Discourage Exploration: S&P
  • RBI Likely To Go For Final 25 Bps Rate Cut In Feb: Bofa-ML
  • NTPC May Sell Power To B’desh From Upcoming Assam Plant
  • Transmission Of Interest Rates Cut Will Help Pick-Up In Consumption Demand
  • Govt To Make PAN Card Must For Cash Transactions Beyond A Limit
  • NSE To Launch Self-Trade Prevention System From Oct 12

  • Lack Of Capital Affecting First Generation Entrepreneurs: SIDBI
  • Switzerland To Publish 1st List Of Unclaimed Accounts In December
  • Indian Banks Forced To Inject Funds Into UK Subsidiaries: Report
  • HDFC Raises More Than Rs.10,000 Cr Through Issuance Of Securities
  • Maruti Board Approves Pact With Suzuki Arm For Gujarat Plant
  • Adani Ports Signs Pact With L&T Shipbuilding To Evaluate Kattupalli Port
  • DLF Board To Meet On 8 October To Prepare Road Map For Rental Business
  • Pending Tax Issues Will Be Referred To Shah Panel: CEA Arvind Subramanian
  • Tata Steel Invests Rs 22K Crore In Odisha Project; To Start Operation Soon
  • SC To Examine Essar’s Plea Against Rs 2,300-Cr Fine By DGVCL
  • Regulatory Environment Key Risk For India’s Airport Sector: S&P
  • Wary Of Risks, GAIL To Take 10 Pct Stake In TAPI Pipeline