Tag: Wipro

Today’s M & A Deals_Feb 15,2016

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M & A Deals:

  • Kedaara Capital close to acquiring RG Stone
  • Severe strains start showing in early-stage venture funding
  • Goldman Sachs to pick significant stake in Amber Enterprises
  • Wipro to acquire HealthPlan Services for $460M
  • Au Financiers to sell housing finance arm to Kedaara and Partners Group JV
  • Funding crunch compels logistics aggregator Zippon to close operations
  • Amazon to buy 26% in Tatas-owned publisher Westland
  • Co-founder B Saikumar acquires controlling stake in digital media startup Arre
  • Online stock broker RKSV raises $4M in Series A funding from Kalaari, others

 

Today’s Wealth mantra !

“Never invest in a business you can’t understand” and “Beware geeks bearing formulas.”

-Warren Buffett

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Today’s M & A Deals_Feb 12,2016

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M & A Deals :

  • Wipro to acquire HealthPlan Services for $460M
  • IL&FS Transportation sells 49% in Gurgaon’s rapid metro rail for $75M
  • Next Education acquires ed-tech firm InOpen Technologies
  • Mercator to sell loss-making Singapore bulk cargo business
  • ShopKirana raises funding from ex-Samsung exec, others
  • Auto-parts maker Uno Minda to buy stake in two group firms

 

Today’s Wealth Mantra !

“Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.”

-Peter Lynch
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Morning Business News Round up_Feb 02, 2016

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Morning Business News :

  • New Private Banks May Get 74% FDI From Start
  • RBI Makes Online Filing Of FDI Forms Must From Feb 8
  • Indian Growth Robust Powered By Domestic Engine, Says Nomura
  • Vietnam Lifts Ban On Groundnut Shipments From India
  • Govt Bans Zero Duty Import Of Capital Goods For Power Plants
  • Panel Suggests More Freedom For India Inc
  • Core Sector Output Recovers, Rises 0.9% In December
  • Tech Mahindra Q3 Net Drops 3% To Rs 759 Cr Q-O-Q
  • Wipro Picks Stake In Pune Startup Altizon Systems

  • USFDA Inspects 2 Units Of Aurobindo Pharma
  • Century Textiles To Consolidate Real Estate Units
  • Ipca Labs Gets FDA Warning For 3 Plants
  • Under-Recovery For PDS Kerosene To Be Rs. 5.11 A Litre In Feb
  • China Manufacturing Index Falls To Three-Year Low
  • Govt May Ask Banks For At Least $295 Million In Back-Taxes
  • Maruti Suzuki Domestic Sales Remain Flat In January
  • Petrol Price Cut By 4 Paise, Diesel Price By 3 Paise
  • Adani Enterprises Q3 Net Plunges 44% To Rs196 Crore
  • GAIL Plans To Import Ethane From US For $5 Bn Petrochem Plant
  • ATF Prices Cut By Sharp 12 Pc, Non-Subsidised LPG To Cost Less
  • Sensex Jan Fall Worst In 5 Yrs, Fiis Outflow Highest In 8 Yrs
  • SEBI Puts Ratnakar Bank DRHP Under On Temporary Suspension
  • Sensex Closes 46 Points Down Ahead Of RBI Policy Review
  • RBI May Hold Rates To Check Inflationary Pressures
  • Dr Reddy’s Gets Tentative Approval From USFDA For Zenavod
  • CBDT Signs Two Bilateral Apas With UK
  • Bhel Bags Rs 2.7k Cr Order For 800

Today’s Wealth Mantra !

“Successful investing professionals are disciplined and consistent and they think a great deal about what they do and how they do it.”

– Benjamin Graham

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Morning Business News Round up_January 19, 2016

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Morning Business News :

  • Oil Producing Nations To Sell $240 Bn Assets
  • French President Declares Economic Emergency
  • Saudi Arabia Alarmed At Iran Sanctions Ending
  • China Seen Posting Slowest Economic Growth In 25 Years As Policy Risks Grow
  • India A Land Of Opportunities Among Brics Countries
  • Rbi To Buy Back Rs 10,000 Crore Worth Of Government Bonds
  • Sagar Cements In Talks To Buy Jp’s Andhra Cements
  • Ajay Piramal To Float Rs 6k-Cr Distressed Assets Fund
  • Budget 2016: Ippai Bats For Tax Incentives For Power Sector
  • Pcra, World Bank Conduct Fuel Conservation Study In Chennai
  • Govt Looks To Cap Trading Margin On Drugs At 35%
  • Govt Unlikely To Mobilise Rs 15,000 Cr From Gold Bond Scheme
  • Raghuram Rajan Urges Oz Firms To Invest In Indian Market
  • New Curbs On Agri-Commodities Won’t Impact Hedging: Sebi
  • Maruti Suzuki S-Cross Prices Reduced By Over Rs 2 Lakh In India

  • Wockhardt To Toe Us Fda Line On Shendra Unit
  • Opec Expects Decline In Supply From Non-Member Nations
  • Ts Utilities Enter Into Power Supply Pacts With Ntpc, Sccl
  • Trust Gap Widens To Record High Globally; 4th Highest In India
  • Ril, Rpower, Hcl Tech Results On Tuesday
  • Nalco To Send Team To Iran To Discuss $2 Bn Plant
  • Wipro Meets Estimates As Profit Rises Nearly 2%, But Margins Hit
  • Indian Firms Most Optimistic About Economic Recovery: Report
  • Reliance Jio To Raise Rs15,000 Crore Via Rights Issue
  • Kotak Mahindra Bank Q3 Profit Rises 36.56% To Rs634.7 Crore
  • Sc Issues Notice To Three Delhi Discoms Over Cag Audit Row
  • Reliance Jio, R-Com Sign Another Spectrum-Sharing Deal For Faster 4g Rollout
  • Govt Comes Out With Indian As For Banks, Insurance Firms
  • Mindtree To Buy Magnet 360 For $50 Mn
  • Sensex Falls 266 Points On Global Cues, Nifty Settles At 7,351

Today’s Wealth Mantra !

“Know what you own, and know why you own it.”

– Peter Lynch

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Morning Business News Round up_January 05, 2016

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Morning Business News :

  • China Selloff Sparks Gloomy 2016 Start For Global Stocks
  • Brent Oil May Touch $30, Commodities May Fall 10%
  • Saudi Arabia To Cut Flights With Iran, Ban Visits
  • Us Manufacturing Activity Slumps In December
  • Religare Downgrades Icici Bank, Sbi And Axis Bank
  • Farmers Seek Rs 5 Lakh Loan At 4%, Higher Support Price
  • Rupee Tumbles To 2-Week Low At 66.61, Down 47 Paise
  • L&T Infotech Gets Sebi Clearance For Rs 2,000-Cr Ipo
  • Govt Proposes Steep Fee Hike For Drugs Licences
  • Oil Prices Rise After Saudi Arabia Cuts Ties With Iran
  • Work On $1-Bn Chinese Industrial Park In Sanand To Begin Soon
  • Ap To Seek Investments Worth Rs 4 Lakh Cr At Partnership Summit
  • 4-20% Reduction In Launch Prices Of Residential Projects In 2015
  • Irb Infra Bags Rs 10,000-Cr, Punj Lloyd Rs 1,555-Cr Projects From Govt
  • Ril Row Apart, Oil Price Plays A Spoiler In Ongc’s Kg Plans
  • Manufacturing Pmi Slips To 27-Month Low Of 49.1 In December
  • Yashwant Sinha Defies Party Line, Attacks Centre Over Foreign Policy
  • Diesel Back On Apex Court’s Radar As Auto Sector Fumes
  • Agriculturists Seek Dbt For Fertiliser Subsidy
  • China Halts Stock Trading After 7% Rout Triggers Circuit Breaker
  • Rbi Imposes Rs1 Crore Penalty On State Bank Of Travancore
  • Sdr Will Defer Recognition Of Rs1.5 Trillion Worth Npas
  • Paytm Acquires Shifu For $8 Million

  • Sterlite Grid Completes 200km Transmission Project In Rajasthan
  • Auto Makers Move Supreme Court Over Pollution Order
  • Sensex Ends 537 Points Down As China Markets Plunge 7%, Nse Nifty Settles Below 7,800
  • India Inc’s Merger And Acquisition Deal Tally Dips 31% To $23 Bn In 2015
  • Fir Against Snapdeal For Flouting Maggi Noodles Ban
  • Retail Inflation For Farm, Rural Workers Ticks Up In November
  • Bse-Listed Firms’ M-Cap Slips Below Rs 100-Tn Mark
  • 5% Ethanol Blending Set To Be Achieved By September
  • Centre Mulls Law For Greater Flexibility To Retailers, Malls
  • Cci To Publish Compendium Of Anti-Trust Orders; Floats Eoi
  • In Wipro Rejig, Kurien Becomes Exec Vc, Neemuchwala Ceo

Today’s Wealth Mantra !

“All intelligent investing is value investing — acquiring more that you are paying for. You must value the business in order to value the stock.”

– Charlie Munger

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M & A Deals_Dec 24,2015

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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

 

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Morning Business News Round up_December 17, 2015

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Morning Business News :

  • Lower Inflation Result Of Reforms, Global Oil Prices
  • Govt Approves Coal Auction For Gasification
  • Government Hikes Import Tariff Value On Gold
  • Rel Infra Buys 17% Stake In Pipavav For Rs 850 Cr
  • NHAI To Raise Up To Rs 1,000cr Via Bonds
  • ‘Make In India’ Has Tremendous Impact On Investments

  • Motor Insurance To Cost Up To 15% More In Metros
  • Govt Approves Revised BIT Model, Excludes Tax Matters
  • US Fed Hikes Rate By 25 Bps For First Time Since June 2006
  • RBI Accountable To Disclose Information Under RTI Act: SC
  • Cabinet Allows States To Mine & Sell Coal, Ends Monopoly Of Centre
  • Improved RS Numbers By Budget Session Give Govt Hope For GST
  • Gujarat Declares Rs 110 Per 20 Kg Bonus For Cotton Farmers
  • World Bank Approves $1.5 Billion To Support India’s Universal Sanitation Initiatives
  • Govt Hikes Excise Duty On Petrol, Diesel
  • SAT Sets Aside SEBI’s Rs. 13-Cr Penalty On Reliance
  • PE Deals Touch Record High Of $17.5 Bn This Year
  • Reliance Jio Plans Limited Launch Of 4G In Mumbai: Bofa-ML
  • Cabinet Approves New Bilateral Investment Treaty Model
  • Real Estate Brokers Tie Up With Online Furniture Rental Service
  • SC Order Deals Another Blow To Diesel Engines
  • Govt To Soon Allow Auto Makers To Make Ethanol-Fuelled Vehicles
  • M&M Will Comply With Diesel Stipulations: Anand Mahindra
  • Blackstone Buys Minority Stake In IBS Software For $170 Mn
  • NSE Subsidiary Develops Indices For Tata, Aditya Birla, M&M
  • Dot Clears Path For Merger Of Vodafone India Entities
  • Sensex, Nifty Extend Gains For 3rd Day In A Row
  • India To Be Bigger Market Than US For Google In 2016: Pichai
  • SC’s Ban On Diesel Vehicles In Delhi: 5 Worst-Hit Cars
  • TCS Bags Multi-Million Dollar Deal From Lufthansa
  • Govt To Unveil Policy For Flexi-Fuel Vehicles In Jan: Nitin Gadkari
  • GST Rate To Be Much Less Than 18%: Jaitley
  • Tax Reforms To Help India Get Rid Of Tax Terrorism Tag
  • Realty Market Regains Favour Of Foreign Investors: Pwc
  • Wipro Says Chennai Floods To Hit Dec Quarter Earnings
  • Fiscal Deficit Target To Be Met Without Budgetary Cuts

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_Dec 03,2015

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Morning Business News :

 

 

  • MSCI Asian stocks are standing tall, but Indian peers wilting
  • Flipkart suffers Rs 2,000-crore wound in bruising discount war
  • Paytm and ICICI Bank to offer virtual prepaid cards
  • M&M recovery rides on economic revival
  • Major rejig at Samsung, slowest growth in 10 yrs
  • Dr Lal PathLabs, Alkem big hits in the grey market
  • Financial products better investment tools, says Jayant Sinha
  • Highway developers to get equitable annuity payments
  • Make in India boost: Government exempts shipbuilding inputs from customs, excise duties

  • DIPP likely to back ecommerce companies in legal tussle with footwear firms
  • Government may consider selling off Scooters India
  • Government may slap Rs 32 crore penalty on Volkswagen
  • CIL’s 3.25 MT capacity project in Maharashtra to start by month-end
  • Tata’s tie-up with ICBC will not impact SBI: says Arundhati Bhattacharya
  • Natco Pharma suspends work at Chennai plant due to flood
  • Oyo Rooms looks to buy rival Zo
  • Janet Yellen signals US interest rate hike not far away
  • Ramdev’s Patanjali eyes a bigger bite of consumer goods pie with ad blitz

  • Narendra Modi remains a popular Prime Minister with 74% approval rating
  • Raghuram Rajan gives rupee bond bulls confidence to forecast end of rout
  • Wipro buys German firm Cellent for $78 mn
  • PVR’s acquisition of DLF’s DT Cinemas faces CCI concerns
  • Sun Life Financial to increase its stake in Birla Sun Life Insurance from 26% to 49%
  • Tata Steel refinances $1.5 billion worth of loans
  • Bad loans may rise for Shriram Transport Finance
  • Manipal Hospitals to tap IBM’s Watson for superior cancer care
  • Insurers may take ₹2,000-cr hit from Chennai floods
  • SEBI will not force MF industry to reduce agents commission: Chairman
  • Fund-raising plan to steer GMR Infra forward
  • Allahabad Bank to decide on insurance arm
  • Bajaj Auto bike sales rise 3% in November; exports take a hit
  • Little gas left at two ONGC blocks; fuel flows to RIL
  • Asset sale may fetch Bhushan Steel Rs 3,000 cr
  • Bharti Airtel Doubts on Project Leap
  • Mutual funds pump in Rs one-lakh crore in equities in 18-months

 

Today’s Wealth Mantra !

“Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won’t grow any faster than the rate of inflation”

-Suze Orman

 

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Morning Business News Round up_November 25, 2015

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Morning Business News :

  • ANG Industries gets order from Ashok Leyland (AL)
  • Cybertech Systems wins 139.5m-rupee contract
  • Gammon India Lenders invoke debt restructuring
  • Goa Carbon Paradeep plant shut for maintenance
  • Grindwell Norton strike at Bengaluru plant withdrawn
  • ICICI Bank Investment Technology Group, ICICI Securities to offer POSIT alert services
  • IG Petrochem to consider new business opportunity on Nov. 25
  • Just Dial approves buy back of 1.06m shrs at 1,550 rupees each

  • Kesoram Ind to make car tires, revive Odisha plant: DNA
  • Lanco Infra to invest $350m for solar panel factory in Chhattisgarh state
  • Lupin sued by Vanda over application for generic Fanapt
  • Max India to sell 23% more stake in health insurance JV to Bupa
  • MRF to set up 9b-rupee plant in Telangana: Business Line
  • Petronet Yet to sign any agreements w/ Rasgas
  • SpiceJet Chairman says the best performing airline stock in the world remains undervalued
  • Tata Power Among cos. that submitted pre-qualification applications for Zambia solar projects
  • Trigyn Technologies wins contract from Louisiana state
  • Wipro to get at least $100m more orders as BP expands deal: ET
  • Wockhardt Price-control authority exempts 3 insulin drugs

 

Today’s Wealth mantra !

“Price is what you pay. Value is what you get ”

-Warren Buffett.

Morning Business News Round up_October 29, 2015

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Morning Business News :

  • India Among Top 10 In Total Individual Wealth Globally
  • Infy, Wipro, Hcl, Tcs Struggle To Meet Nasscom’s Target
  • Ongc To Start Cutting Costs As Oil Price Fall Hits Profit
  • Govts To Raise $22bn From Carbon Pricing In 2015
  • After Indigo’s Success, Goair Eyes Up To $150 Million Via IPO
  • Sun Recalls Over 10l Boxes Of Allergy Drug In Us
  • Carl Icahn Says Aig Should Split Into Three Cos
  • Amtek Auto Seeks To Sell German Unit Tekfor: Sources
  • Fed Sees ‘Moderate’ Pace Of Growth; Rates Unchanged
  • OVL To Double Africa Investments To $16 Bn In 3 Years
  • Diageo, Usl End Trademark Litigation On Black Label
  • Novartis’ Generic Drug Arm Gets USFDA Warning Letter For Two Plants In India
  • Hindustan Coca-Cola Takes Over Georgia Tea & Coffee Business In India

  • Defence Unit At Tata Steel Gopalpur Park To Start Production In Feb
  • Regulatory Reforms Can Lead To Substantial Benefits: Wb
  • India’s Chemical Industry Set To Touch $214 Bn By 2019
  • Textile Industry Appeals For Better Weightage To Domestic Market
  • Emco Board Nod For Dubai Arm Establishment
  • Tatas Join Uk Steel Industry To Petition Govt For Action
  • Govt Said To Mull Higher Foreign Investment Cap For State Banks
  • Indian Oil’s Paradip Refinery May Start Commercial Operations In March
  • Jet Airways Q2 Profit Rises 25% To Rs87.59 Crore On Lower Fuel Prices
  • Dabur India Q2 Profit Up 19% To Rs341 Crore
  • Syndicate Bank Q2 Profit Rises 5.3% To Rs332.37 Crore
  • Sensex Extends Losses For 3rd Day In A Row, Ends 214 Points Down, Nifty Settles At 8,171
  • Psu Disinvestment Nets 71% Of Total Fund Raising In Apr-Sept
  • Two Cci Members Order Fine On Jp Associates; Chairman, Others Overrule
  • Maruti Suzuki Baleno Gets Over 4,600 Bookings Within 2 Days
  • Arun Jaitley Must Revive Dtc, Reduce Income Tax Burden On Common Man
  • Wipro Bags 5-Yr Deal From Coop Norge Handel
  • Mf Investos Have To Give Info Under Fatca From Nov
  • REC’s Rs 700-Cr Tax-Free Bonds Oversubscribed
  • Future Generali To Raise Share In Health Segment
  • Indian Real Estate Has To Be Ready For Automation