Morning Business News Round up_January 14, 2016

Morning Business News :

  • RBI to come out with ‘reasoned response’ on IIP decline
  • AstraZeneca may launch innovative drugs in India
  • Banks to issue second tranche of gold bond scheme
  • Project delays force ONGC to cut capex by Rs 4,800 cr
  • IOC, HPCL, BPCL plan country’s biggest oil refinery
  • NSEL recovers Rs 1,233 crore from 23 traders
  • Vedanta Resources to buy back bonds worth $500 mn
  • Piramal in talks to sell 20% in OTC drugs business
  • Inflation, corporate profit trends key to growth: Moody’s
  • India’s rating not to change immediately on deficit math
  • Suzlon forays into solar power with 210 Mw project in Telangana
  • Govt unveils Rs 8,800-cr crop insurance scheme
  • Warm winter may cut India’s wheat output for second straight year
  • Government pins hope on Budget session to pass GST
  • RCom slams stock exchanges’ notification on price movement
  • India to remain among the fastest growing economies in 2016
  • Apex court seeks clarification on Maggi samples in 8 weeks
  • NCDEX launches app to book warehouse space

  • Texmaco Rail & Eng buys 55% stake in Bright Power Projects
  • ITC Paperboards division strengthens farm forestry initiatives
  • US hikes H1B, L1 visa fee; to hit Indian IT companies
  • IOC says to invest up to Rs18,000 crore in 6 refineries
  • Foreign investors steer clear of Indian state bonds on power debt shift
  • Hindujas close to buying distressed infra assets
  • Tata Motors seeks image rebirth with Messi-endorsed hatchback Zica
  • Tata Motors to buy back NCDs worth Rs450 crore
  • ‘Emerging economies’ outlook more worrying than China’
  • 92% Indians perceive climate change as a major threat: Survey
  • Non-financial companies to gain from healthy GDP growth: Moody’s
  • Sebi eases delisting norms for small companies
  • Small savings rates likely to be slashed by 25-50 bps
  • BP gets approval to sell jet fuel to airlines in India
  • Airtel to sell 2 operations in Africa to France’s Orange
  • Worldwide PC shipments dip fourth quarter in a row
  • Spectrum sharing isssue yet to be finalised
  • Irdai issues draft norms on agent commissions
  • Karur Vysya Q3 net up 34% at Rs 153 cr

Today’s Wealth Mantra !

““Derivatives are financial weapons of mass destruction.”

– Warren Buffett

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