Morning Business News Round up_December 09, 2015

Morning Business News :

  • V-Guard On Acquisition Spree With Rs 500 Crore Kitty
  • Promoters Look To Sell Home Finance Business Of AU Financiers For Up To Rs 1,000 Crore
  • India’s Media & Entertainment Business Ranks 4 In The World In Attracting Investment
  • Havells To Dilute Majority Stake In Sylvania To Focus On Domestic Market
  • Despite RBI’s Solution, Banks Can Still Disguise Bad Debts
  • Kaya To Acquire Majority Stake In UAE-Based Iris Medical
  • Yes Bank Commits $5 Bn For Climate Action In India
  • Rourkela Steel Plant Sets Up 1 MW Solar Unit
  • NMDC Gets 3 New Non-Official Independent Directors
  • SBI Says Never Agreed To Fund Adani Group’s Australian Coal Project
  • Standard Chartered Raises Rs 14 Crore From Rights Issue Entitlements Of Idrs
  • Unichem Lab Gets USFDA Nod For Hypertension Drug
  • Iran Topples Kuwait To Become India’s Fifth Largest Oil Supplier
  • Air India Doubles Revenue From Star Alliance

  • Oil Steadies After Hitting 2009 Lows
  • Sebi Likely To Bring Crowdfunding Under Regulatory Framework
  • Ipos Of Dr Lal Pathlabs And Alkem Labs See Good Demand
  • RBI Governor Raghuram Rajan Optimistic About Passage Of GST
  • Fairfax Acquires Additional 22% Stake In IIFL For Rs1,341 Crore
  • Vodacom To Buy Majority Of Tata Comm’s Neotel Fixed Line Business
  • Vodafone Announces 4G Services Roll-Out
  • Smart Cities, Energy And Mobility Our Target Areas: Siemens India CEO
  • Tata Motors Launches New Variant Of Safari Storme
  • Govt Falls Short Of Target For Power Purchase From Renewable Sources
  • Toyota To Hike Vehicle Prices By Up To 3% From January
  • Alkem Lab Upbeat On Growth In Domestic, Global Markets: CEO
  • American Footwear Brand Skechers Plans Local Manufacturing
  • Maruti Suzuki Unveils Discounted Service Scheme
  • L&T Bags Orders Worth Rs. 1,960 Cr
  • Gati Infra To Raise £100 M For Green Energy
  • Bankers’ Clear Electrosteel Steels SDR Package
  • Hetero Gets DCGI Nod For Hepatitis C Drug
  • PFC Board To Consider Interim Dividend Next Week
  • Wockhardt Gets QIDP Status For New Antibiotic Drug
  • Cognizant Pledges $40 M For Flood Relief
  • Chennai Reconstruction To Push Up Cement Demand
  • Ashok Leyland Set To Change Track After Expansion Spree
  • ONGC Supports Cairn Plea For Rajasthan Block’s Term Extension
  • Railways Plans Metro Coach Factory In WB

Today’s Wealth Mantra !

“An investment in knowledge pays the best interest”

-Benjamin Franklin.

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Morning Business News Round up_November 30, 2015

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 30, 2015

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 13, 2015

Morning Business News :

  • IIP Rises To 3-Year High Of 6.4% In August
  • India Better Placed In Ems To Tackle Outflows: IMF
  • September Retail Inflation Quickens To 4.41% Y/Y
  • Dell To Buy EMC For $67 Billion In Record Deal
  • IOC To Spend Rs 32,500 Cr On Oil Exploration, Prodn
  • Large-Cap Equity, Debt Funds Underperform In Last 5 Years
  • DLF Plans To Derisk With Pre-Sale Project Completion
  • Infosys Q2 Net Up 12% Q-O-Q At Rs 3,398 Crore
  • Global Consultant Submits Draft Report On RIL-ONGC Gas Issue
  • Fiis Cut Stakes In PSU Banks In September Quarter
  • Sebi Plans 10-Page Abridged Prospectus For Ipos
  • Pay Minimum Annuity Of Rs 1,000 Monthly: IRDAI To Insurers
  • Yes Bank Gets RBI Nod For Mutual Fund, AMC And Trustee Co
  • Sebi Has No Black Money Problem, Says Sinha
  • S&P Cuts Volkswagen’s Credit Rating
  • Angus Deaton Wins 2015 Nobel Prize For Economics
  • Solar Sector Attracts $6.2 Bn Corporate Funding In Q3
  • Centre Circulates Model GST Laws Among States
  • Hiring Up 18% In September, Outlook Bullish: Naukri
  • Coal Scam: Court To Hear Arguments On Charges From Dec 7
  • Indian Companies’ Second Quarter Revenues Seen At Four Year-Lows
  • Pune-Based Kolte Patil Buys Out 100% Stake In Corolla Realty For Rs 164 Crore
  • Aon To Exit Indian Insurance Broking Market
  • A Tale Of Two Its And A $1.5 Trillion Opportunity
  • Vodafone To Launch 4G Services In Mumbai By December This Year

  • BSE Sensex Closes 175 Points Down, NSE Nifty Settles At 8,143.60; IT Stocks Fall
  • Economic Recovery In India Much Slower Than Expected: Bofa-ML
  • Banks Need Rs 5 Lakh Crore Capital For Basel III Norms: Study
  • Reliance Industries Drilled Out At Least 9 BCM Of ONGC Gas: Expert Report
  • 5 Kg Subsidized LPG Cylinders To Be Sold In Rural India By IOC
  • General Motors Ups Focus On Exporting From India
  • NPS Assets Rise 38 Pc To Top Rs 1 Trillion Mark

Morning Business News Round up_August 24, 2015

Morning Business News :

  • Foreign Portfolio Investors May Get MAT Relief
  • China To Invest Massive PF In Volatile Stock Markets
  • RBI Likely To Go For 25 Bps Rate Cut In Sept:
  • India To Gain From Policy Of Global Alignment: Goyal
  • German Pharma Firm Merck To Shut Down B’lore Genei
  • Bandhan Becomes India’s First Private Bank In 11 Yrs
  • USL, Kingfisher Airlines Face Fine For Listing Violations
  • EPFO’s Equity Investment Depends On Performance: Bandaru Dattatreya
  • Agri Min Pushes For Hike In Import Duty Of Edible Oils
  • Taking Legal Advice On EU’s Medicine Ban: Comm Secretary
  • Govt Approves Development Of 50 Solar Cities
  • India’s US Govt Securities Holdings Touch High At $117 Bn
  • Yes Bank To Decide On $1 Bn Share Sale In H2
  • India Moving Fast To Resolve Tax Disputes With Foreign Entities
  • Fpis Pull Out Rs. 1,943 Cr From Stock Markets This Month
  • ESIC Cover For 4.3 Crore Workers In Unorganised Sector

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  • Piramal To Invest Rs 200 Cr In Dhobi Ghat Project
  • Nestle Plans To Bring Back Maggi Noodles By Year-End
  • Godrej To Tap Rural Markets For Household Insecticides
  • Sebi Board To Discuss P-Notes Issue On Monday
  • Indian Oil Stake Sale To Aid Govt Post Best First Half In 7 Years
  • OVL Shortlisted For Mexican Oil Bid Round
  • GAIL In Talks With Iran To Revive Decade-Old LNG Deal
  • Oil Minister Pradhan To Sign Mou For Oil Pipeline With Nepal
  • Irda Chief Urges Firms To Redesign Products, Offer Simpler Policies
  • First Set Of Tax Sop Phase-Out In Public Domain Soon: FM
  • DRDO Ties Up With Ramdev To Market Supplements, Food Products
  • Sebi Allows 59 Entities To Square Off Existing Positions
  • Call Drops: TRAI To Probe Tariff Plans, Issue Draft Paper
  • UK Met Office Loses Weather Service Contract With BBC After Almost 100 Years
  • Yuan Rout Starts To Infect Emerging Market Currencies
  • Tapping A Rs 1 Lakh Crore Savings Deposits Opportunity
  • JSPL May Bid For Ore Mines In Odisha
  • Pension Biz Of Life Insurers Plunges 90% To Rs 2k Cr In FY15
  • Inox To Invest Rs 320 Cr In 3 Yrs, Eyes Regional Acquisitions
  • Telecom Firms Better Placed To Operate Payments Banks

 

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