Tag: World Bank

Retail news Round Up_Feb 23,2016

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Retail News :

  • Patanjali Ayurved injects new life into herbal market, helps rivals sell more personal care products
  • Paytm plans to launch ecommerce platform for luxury products; ropes in Gucci, Furla and Burberry
  • World Bank arm IFC eyes Rs 170-crore investment in Lenskart
  • Infosys, TCS, Others vie for Paytms Rs 125-crore IT deal for bank foray
  • Amazon quietly launched 7 fashion brands while ramping up hiring for its own clothing line
  • Flipkart sees 400% increase in sale of household items over weekend
  • PC Jeweller acquires WGC’s bridal gold jewellery brand ‘AZVA’

  • Tesco Bengaluru Aims to Connect More Deeply with UK Team: Alison Horner, chief people officer,Tesco Bengaluru
  • Consumers have a new mentality that is helping Coca-Cola and Pepsi pull of the ‘greatest marketing trick of the century’
  • Apple urges govt to form commission on encryption issues
  • Godrej, Videocon launch premium model ACs to tap market demand
  • Blue star to invest Rs 215 crore in 3-4 years
  • E-pharmacy startups bag early investors
  • Govt Announces Digital Market Place For Farmers; Wants To Revolutionize Agriculture Using #DigitalIndia
  • Joister Infomedia to Offer Free WiFi at All Railway Stations in Maharashtra

 

“When you take risks you learn that there will be times when you succeed and there will be times when you fail, and both are equally important.” 
-Ellen DeGeneres

 

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Morning Business News Round up_January 15, 2016

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Morning Business News :

  • Rupee Tumbles By 44 Paise To More Than 2-Year Low At 67.29
  • Gold Bond Tranche Opens On January 18, Other Scheme Nets In 500 Kg
  • CBI Unearths 553 Acre Land, 61 Offices In CP Owned By Pearl Group Owner Bhangoo
  • Indian-Origin Family Firm Eyes Tata Steel Scottish Plants
  • UN Downgrades India GDP Forecast For 2016 To 7.5% From 8.2%
  • New Policy Likely To Boost ‘Make In India’ By Allowing 100% Credit For Taxes Paid On Inputs
  • Union Budget 2016 On Feb 29
  • Japan Banks, Cos Ready To Invest In India’s Energy Sector
  • Govt To Set Up A New Department For Auto Sector
  • Sebi Contemplating Action Against Commodity Manipulators
  • Growth In Coal-Based Power Installed Capacity Down To 10.8%
  • Govt Task Force Recommends Stringent Rules For Online Pharmacies
  • Mkts Saddled With Rs 6,500-Cr Inflation Bonds
  • WPI Contraction Eases In December At (-)0.73%
  • Reliance Defence Buys Saab’s Stake In Pipavav

  • FIPB Clears 5 FDI Proposals Worth Rs. 6,050 Cr
  • Nepal Proposes Team To Review Pacts With India
  • Continued Selling Drags 17 Public Sector Banks To Fresh 52-Week Low Levels
  • Rcom Gets Nod From Bourses For Takeover Of Sistema JSFC’s India Biz
  • Infosys Beats Estimates With 6.6% Rise In Q3 Profit, Shares Jump Over 4.3%
  • ICICI Bank’s Mortgage Portfolio Crosses Rs1 Trillion
  • Saint-Gobain To Invest Rs1,000 Crore In Chennai Facility
  • SRL Diagnostics In Talks With Top PE Funds For 34% Stake Sale
  • Sebi Plans Additional Checks For Rating Firms
  • China Growth Concerns Pose Challenge For India: SEBI Chief
  • India’s Retail Market Can Touch $1,200 Bn By 2020
  • Sensex Ends 81 Pts Down In A Choppy Trade, Infosys Gains
  • Aadhaar ID World Bank Saving Govt About $1 Bn Per Annum
  • Federal Bank Sells Essar Oil Debt To Edelweiss
  • $45b Trade Deficit Tells Different Sino-Indian GDP Tale
  • JSPL Puts On Hold Selling Of Non-Core Assets, Expansion Plan
  • Modi Moots Industrial Cluster For Korean Firms
  • PFRDA Notifies New Pop Charges For NRI Accounts
  • World Bank Concerned Over Facebook’s Model Of Free Internet

Today’s Wealth Mantra !

“Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.”

– Warren Buffett

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Morning Business News Round up_December 24, 2015

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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

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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_October 30, 2015

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Morning Business News :

  • Govt To Announce New Civil Aviation Policy Today
  • FATCA Fact: New US Tax Law Is Shaking Up Indian Trusts
  • US Economy Slows To 1.5% Growth In Q3
  • RBI Opens National Pension System For Nris
  • India Will Offer Concessional Credit Of $10 Bn To Africa: PM
  • Volkswagen Meets Indian Government On Emissions
  • Sebi Cuts IPO Paperwork; Notifies 5-Sheet DRHP
  • Dr Reddy’s Q2 Net Up 26% At Rs 722 Cr
  • Govt Clarifies Tax Treatment Of Offshore Rupee-Denominated Bonds
  • Telecom Regulator Sticks To Compensation Order On Call Drops
  • Cipla Sells Stake In Chinese Biotech Firm
  • IDFC Bank’s Net Worth Pegged At Rs 13,322 Cr
  • Airtel To Return 50% Mobile Data Used At Night,Makes Wynk Free
  • US Plan To Mandate FDA Audit Of Farm Imports Irks India
  • World Bank Retains India’s Growth Rate At 7.5% This Fiscal
  • Grasim Net Up 17% On Higher Cement Volumes
  • NTPC Q2 Net Profit Rises 40% To Rs. 2,898 Cr
  • Nestle India Q3 Profit Dives 60% On Maggi Noodles Ban
  • Govt Approves 16 FDI Proposals Worth Rs 4,722 Crore
  • India Unprepared To Tackle Online Data Security
  • BPCL, Oman Oil Looking To Sell 24% Stake In Bina Refinery
  • Yes Bank Q2 Profit Rises 26.5% To Rs610 Crore
  • Pfizer In Talks To Merge With Botox-Maker Allergan

  • GE Said To Plan Close On $9.3 Billion Alstom Purchase
  • Volkswagen May Recall 100,000 Diesel Cars In India
  • Sensex Falls For Fourth Day, Ends 201 Pts Down, Nifty Ends At 8,111
  • India Ratings Lowers India FY16 Growth Forecast To 7.5%
  • US Fed Decision Provides More Space To Emerging Markets: Shaktikanta Das
  • US Lawmakers Oppose Indian Norms On Pulses’ Stock Limit
  • Small And Midcap Funds Fare Well In Q2: CRISIL
  • Interest On Rupee Denominated Bonds To Attract 5% Tax
  • IRDA Clears Air On Repudiating Life Covers
  • IPO Of Indigo’s Parent Co Over-Subscribed 3.63 Times
  • Make Single Premium Policy Tax-Free, Insurers

Morning Business News Round up_October 12, 2015

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Morning Business News :

  • High Burnout Rates Pushing Investment Bank Pros To Join Start-Ups
  • India Seeks More FDI In Insurance, Defence: P Mukherjee
  • Arun Jaitley Pitches For Reforms In World Bank At Global Meet
  • Kingfisher Diverted Portion Of Loans To Tax Havens
  • India Cuts Holdings Of US Govt Securities To $116.3 Bn
  • Coffee Day, Indigo To Beef Up IPO Mkt To 4-Yr Record
  • Unichem Plans Sale Of Domestic Formulations Biz
  • ONGC May Not Get Much Compensation In Gas Dispute With RIL
  • Govt Committed To Upliftment Of Downtrodden, Says Modi
  • $15-20bn Of Commercial Space Eligible For Reits In 2-3 Years
  • IMF-WB Appreciative Of India’s Policy Steps: Finmin
  • RBI Net Seller Of Dollars In August, Sells $1.559 Bn
  • Bombay HC Refuses To Grant Extension To Elder Pharma To Repay Rs 155 Cr
  • India Climbs One Rank With A 32% Sprint In Brand Value
  • 57 Coal-Based Power Units Identified For Upgrade
  • Adhia Outlines Reforms To Bring Down Graft In I-T Dept
  • Novartis Buys Another 2.5% In Israel’s Gamida Cell

  • GMR Infra, Japan’s JGC In Pact To Co-Develop Food Processing Park
  • WTO Effect: India May Halt Export Subsidies For Raw Sugar
  • Vedanta Trims Opex, Capex In Second Quarter
  • BSE Drops Plans For Separate Commodity Bourse
  • CBI Searches Bob Branches Over Suspected Black Money Transfer
  • Swan Energy Gets Shareholders’ Nod To Mop Up Rs.1,200 Crore
  • EPA’s New Volkswagen Probe May Reveal Failure To Disclose
  • Bandhan Bank To Raise Rs500 Crore From Investors By March
  • Amazon, Flipkart, Snapdeal Flouting FDI Norms: CAIT
  • Consumers To Splurge $8 Bn On E-Commerce This Festive Season: Assocham
  • Market Outlook: Earnings From Infosys & TCS, Macro Data To Set Trend
  • Govt To Commission Study On Impact Of FDI In Pharma
  • Rate Cut Tempts Shoppers To Buy New Cars, Major Appliances
  • Top 9 Cos Add Rs 80k Cr In Mkt Cap; ONGC Steals Show
  • Traders Asked To Pay Advance Tax Rather Than Returns
  • Windows 10 Fails To Revive Sagging PC Shipments In Q3
  • Irdai Panel Sets 175% Solvency To Repatriate Capital
  • NPS Assets Rise 38 Pc To Top Rs 1 Trillion Mark

Morning Business News Round up_October 06, 2015

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Morning Business News :

  • Coal Digger: India Aims To Start Asia’s Biggest Coal Mine In 5 Yrs
  • Bob Investigating Rs 350-Crore Bill Discounting Fraud
  • Ageing Chinese Dragon Makes Way For India In Top Spot Among Ems
  • Private Equity Activity May Hit Record High In 2015
  • India, Lithuania Agree To Collaborate In Agriculture Sector
  • Govt To Spend Rs 70k Crore On 12 Major Ports: Gadkari
  • Government To Soon Decide Monetary Policy Committee Structure: Shaktikanta Das
  • Tax Collections To Fall 5-7% Short Of Target
  • Sebi Probes Jpmorgan’s Risk Assessment System

  • Indian GDP Predicted At 7.5% In 2015-16: World Bank
  • Germany Offers 2 Bn Euros For Clean Energy Corridor, Solar Projects
  • RBI Initiates Corrective Action On Indian Overseas Bank
  • US Scraps Discriminatory Outsourcing Fee On Indian Firms
  • Educomp Sells Entire Stake In Wiz Learn Technology
  • NMDC Cuts Iron Ore Price By 12% For October
  • ‘No Dumping Levy’ Between Provisional, Final Orders
  • Cabinet Monitoring Has Fast-Tracked Projects Worth $112 B, Says Minister
  • Crisil Downgrades Debt Worth Rs 2.4 Lakh Cr In H1 FY16
  • Gas Price Cut Will Hit Investments In New Reserves: Moody’s
  • India’s Poverty Rate Lowest Among Nations With Poor Population’
  • HDFC Home Loans Get Cheaper As Lender Cuts Benchmark Rate
  • Method Of Computing GDP Deflator Misleading: RBI
  • Sun Pharma Settles US Patent Litigation With Actavis Over Skin Care Drug
  • September Quarter Corporate Earnings May Disappoint
  • Sensex Ends 565 Points Up At 26,785, Nifty Settles At 8,119
  • Govt Raises Import Duty On Ghee, Butter To 40%
  • Black Money Disclosure: Govt Revises Amount Higher At Rs 4147 Cr
  • Motherson Sumi Expects Revenue Growth At CAGR Of 24-25% In Next 5 Years
  • Alstom Bags Lucknow Metro Contract Worth Rs 1,100 Crore

Morning Business News Round up_August 21, 2015

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Morning Business News :

  • No Intention Of Banning P-Notes Overnight: Govt
  • Chinese Province’s Crisis Exposes Economic Fault Line
  • SBI, PNB, Bank Of Baroda May Exit UTI Mutual Fund
  • GST Rate To Be ‘As Reasonable As Possible’: Finance Ministry
  • Sebi Proposes Relaxed Norms For Infra Investment Trusts
  • World Bank To Look Into Investment Opportunities In Haryana
  • Government Not To Hike Excise Duty On Petrol, Diesel
  • Government To Release First Quarter GDP Data On August 31
  • Devaluation Of Yuan Not A Cause Of Worry At Current Levels: Raghuram Rajan
  • Rajan Allays Bankers’ Fear Of Competition From Payments Banks
  • Fuel Retailing: Omcs Gear Up For Intense Competition
  • Greek PM Alexis Tsipras Resigns, Election On Sept 20
  • FM Arun Jaitley Steps Up Rate Cut Pressure On RBI
  • US Oil Falls To $40 On Global Glut
  • Small Finance Bank Licences Next Month: Rajan
  • Dredging Corp Sets OFS Floor Price At Rs 382
  • Apex Court’s FSSAI Order Leaves Industry Looking For Clarity
  • No Incentives For Banks To Tackle Npas: SBI Chief
  • Routing Commodity Trades Through Brokers May Push Up Costs For Hedgers
  • Cement Sector Upbeat As Telangana, AP Set To Buy 3 Mnt
  • India Inc May Be Close To The End Of Bad Times
  • SEBI Bars Riddhi Siddhi, 58 Other Cos From Market
  • PE Fund Exits In 2015 So Far Highest In Five Years
  • GSPC Plans To Sell Stake In Some Hydrocarbon Blocks
  • Telcos And The Tiresome Overhang Of Reliance Jio’s Launch

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  • Aditya Birla Group Launches Bizlabs To Work With Start-Ups
  • Iran Asks India To Clear $6.5 Billion Oil Dues In 2 Months
  • Dr Reddy’s Recalls Rivastigmine Tartrate Capsules From US Market
  • Rajan Asks Realty Developers To Bring Down Prices
  • Sensex Ends 324 Points Down, Nifty Closes Below 8,400
  • Reliance Ind Raises $225 Million Through Overseas Bond Issue
  • IMF Freezes Benchmark Currency Basket, Defers Any Yuan Addition

 

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