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

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Morning Business News Round up_December 18, 2015

Morning Business News :

  • Fed Awards $105.2 Billion Of Reverse Repos
  • India, US Trade Ministers To Discuss WTO Issues
  • Goldman: High Risk Of Oil Dipping Further; Likely To Hit $20/Bbl
  • US Q3 Current Account Deficit Largest Since 2008
  • RBI May Lower Rate By 25-50 Bps In 2016: ET Poll
  • Ergo To Buy 23% Stake In HDFC Ergo For Rs 1,122cr
  • Cash Flow Of High-Debt Firms Turns Positive After 10 Years
  • M&M May Tweak Engines To Suit Emission Norms
  • Disclosure Rules Eased For Payments To Non-Residents
  • Vedanta-Controlled Balco Wins IMEA Gold Award
  • USFDA Approves Aurobindo’s Drugs For Diarrhoea, Allergy
  • Carmakers Call For Comprehensive Plan After Delhi Smog Crackdown
  • RBI Allows More FII Buy In Powergrid Corp
  • MCX To Ban Members Not Registered With SEBI
  • NDMC Nod Likely For New Towers On Govt Land In Lutyens Delhi
  • India Needs Rs. 31 Lakh Cr For Infra Sector In 5 Yrs: Crisil
  • ‘India Better Placed Than Peers To Deal With Impact Of Fed Rate Hike’
  • Alkem, Dr Lal To Make Stock Market Debut On Dec 23
  • RBI Unveils New Math For Banks’ Lending Rate
  • Developing And Developed Countries In Deadlock At WTO
  • Maruti’s Shareholders Allow Suzuki To Own Upcoming Gujarat Plant
  • HUL Buys Indulekha In Return To Hair Oil Segment
  • Rajan’s Crackdown On $59 Billion Bad Loans Means M&A Surge In India
  • CBI Files Chargesheet In Bank Of Baroda Remittances Case
  • Sensex Gaining Streak Continues For 4th Day, Surges 309 Points To End At 25,804
  • Vodafone, Reliance Com May Clinch 3G, 2G Roaming Agreements
  • US Visas: On Top Of $1 Bn Hit, IT Firms’ Costs Up 4-Fold
  • Govt Defers Plan To Impose 2% Levy On Air Tickets From Jan 1
  • India Ranks 97th On Forbes’ Best Countries For Business List
  • India Not Immune To Fed Rate Hike Jitters: Fitch
  • Govt Wants 30% FDI Growth Per Year: Kant
  • Thomas Cook Completes Acquisition Of Kuoni Travel

  • Anil Ambani, Spielberg Join Hands To Form Amblin Partners
  • Goa Govt Forms Panel To Solve Ore Transportation Impasse
  • Rs 10k-Cr NHAI Tax-Free Bond Issue Oversubscribed

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

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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Retail News Round Up_Dec 01,2015

Retail News :

  • Nestle resumes Maggi production at all five plants
  • Fitness wearable brand Mio Global enters Indian market
  • Patel Logistics raises funds from Mauritius-based asset manager Frontline Strategy
  • Digital payments firm TranServ to roll out M-wallet with mVisa, RuPay
  • Quikr set to buy real estate portal CommonFloor.com
  • Tata Global launches instant coffee brand to compete with Nescafe, Bru
  • Kwality starts product sale under brand name ‘Kwality’

  • Yuvraj Singh promoted YouWeCan invests in brand licensing company Black White Orange
  • ZipGo launches bus service for women in Delhi NCR
  • YourStory acquires Papyrus Editor for a cash and stock deal
  • Tech in Asia to launch Indian version of its website
  • Myntra relaunching mobile site; more open approach than Flipkart
  • Alkem Labs to open IPO next week
  • Dr Lal PathLabs IPO to hit stock market next week
  • Rocket Internet backs online budget hotels booking startup ZenRooms
  • Altec Lansing Re-Enters India with a Range of ‘Everything Proof’ Speakers
  • Snapdeal Launches ‘Snapdeal Ads’ for Sellers; Attempts To Emulate Alibaba In Generating Ad Revenues
  • Bharti Airtel to Invest Rs. 60,000 Crores Over the Next 3 years to Improve its Mobile Services

 

Today’s Wealth Mantra !

“You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.”

– Peter Lynch

 

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