Morning Business News Round up_December 29, 2015

Morning Business News :

  • Blackstone, Birla Corp and Baring Asia enter final lap in race for Reliance’s cement biz
  • Saudi Arabia posts $98 bn budget deficit in 2015
  • Infosys sets up 6.6 MW solar plant in Telangana
  • Oil companies to set up largest refinery in M’rashtra
  • China to replace business tax with VAT for industry
  • Citigroup raises stake in L&T Finance to 7.56%
  • MTNL to offer free roaming from Jan 1: Prasad
  • Sebi to clear decks for sale of MF via e-commerce platforms
  • Minimum import price, tariff barriers can curb steel imports
  • Raheja Corp buys 30 acres from Cabot for Rs 210 cr
  • IOC gets regulator’s nod for Ennore LNG pipeline
  • PAN obligation to hit sales of Rs. 2-5 lakh jewellery
  • Bullion traders body launches World Silver Council
  • Lupin gets FDA nod for generic Femhrt tablets
  • MCX gold in short-term downtrend
  • Jaypee Cement gets approval for expansion of limestone mining capacity
  • India deal unlikely to secure Toshiba’s lofty nuclear plans
  • Snapdeal to invest in logistics to speed up delivery

  • Hybrid debt-oriented funds do not qualify to be equity funds
  • Gautam Adani’s son Karan Adani takes over as CEO of Adani Ports
  • PACL moves Delhi HC for stay of Sebi’s recovery order
  • Reserve Bank of India releases report on financial inclusion
  • Sensex rallies 195 points to close at 26,034, Nifty settles above 7,920
  • Reliance Capital acquires 6.82 pct stake in Saregama India
  • Tax payers earning over Rs 10L/yr not to get subsidised LPG
  • Focus on last mile delivery for inclusion: RBI panel to banks
  • Sebi set to inspect all commodity bourses
  • Fertiliser sector eyes over 2-MT output growth in 2016
  • Govt relaxes guidelines for small, isolated gas fields
  • Amway India’s first manufacturing plant goes on stream
  • PMO joins Sebi chairman’s search panel, FM kept out

Today’s Wealth Mantra !

“Things you like to do should be a hobby of yours, but the things world does should be a business of yours.”

– Warren Buffett

Demat_Offer

Morning Business News Round up_December 14, 2015

Morning Business News :

  • Tata’s 80% profit comes from only 20% of group cos
  • Investors begin to warm up to National Pension System
  • Govt proposes AAR to help traders obtain advance ruling on GST
  • Railways may miss Rs 1 lakh-crore capex target: BofA-ML
  • Cairn India on course to roll out oil recovery plan
  • Government aims to raise Rs 3 lakh crore from fuel cess; to fund road schemes
  • India Inc garners over Rs 6 tn in 2015 from capital markets
  • India defends most red lines in Paris pact
  • Govt may fix minimum import price for steel products this week
  • Chhattisgarh plans mega paddy procurement from dry land
  • Foreign investors want govt to defer Coal India stake sale
  • Centre to control Bt cotton seed prices by fixing MRP
  • Maruti Suzuki gets favourable ruling on ad spend issue
  • India, Japan ink pacts on civil nuke, bullet train, defence cooperation
  • Cement companies get a reprieve as Tribunal quashes CCI penalty
  • Indo-US nuclear deal could be implemented in 2016
  • CCI seeks public scrutiny of Rs500-cr PVR-DT Cinemas deal
  • IOC to invest Rs1.75 trillion in expansion projects
  • Domestic mutual funds buy shares worth Rs69,000 crore
  • Market valuations of top 5 companies slump by Rs 47,445 cr
  • Sebi puts in place software testing norms for commodities market

  • FDI in services rises 20% to $1.46 bn in first half of FY16
  • Fed meet, inflation key drivers for mkts this week
  • Aero charges at small airports may go up by 45%
  • Crude to see further correction as Opec output remains strong
  • Rising acceptance of generics to boost pharma growth
  • Greece reaches deal to unlock further bailout funds

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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