Morning Business News Round up_December 01, 2015

Morning Business News :

  • IMF approves yuan for benchmark currency
  • India’s GDP growth at 7.4%: Experts’ take
  • April-Oct fiscal deficit touches 74% of full-year target
  • Morgan Stanley to cut up to 25% of fixed-income jobs
  • Manappuram Finance to raise Rs 2,000 crore via NCDs
  • Natco shareholders approve amalgamation of subsidiary with company
  • European shares gain as prospect of ECB boost helps carmakers
  • Pidilite Industries buys some assets of CIC Holdings
  • Emami to hike paperboard investment to Rs 2,000 crore in 3 years
  • Non-banking finance companies step in to fill the void, lend more to SMEs
  • Cipla ready to launch low dose HIV drug ‘Efavirenz’
  • McDowell Holdings’ pledged stake in UBL falls to 3.02 per cent
  • Kwality starts product sale under brand name ‘Kwality’
  • Petrol price cut by 58 paise, diesel price by 25 paise
  • Airtel to invest Rs60,000 crore over 3 years to upgrade network
  • RBI unlikely to act on policy rate till Union Budget
  • Nestle resumes Maggi noodles production at all five plants in India
  • Maruti Suzuki plans land acquisition subsidiary for new dealerships
  • Transporting coal via waterways can save govt Rs10,000 cr annually: Nitin
  • Bookmyshow eyes $4 million in ad sales

  • Small NBFCs plan to build sales teams to draw customers
  • HDFC to list masala bonds in London
  • Relief for Adani Power in additional SEZ tax case
  • Bad loans may rise for Shriram Transport Finance
  • Smaller infra companies reward investors as larger rivals struggle
  • Small NBFCs plan to build sales teams to draw customers
  • RIL faces 40% cut in marketing margin on KG-D6 gas
  • With Jio launch near, Airtel to spend ₹60,000 cr on network
  • SEBI outlines new listing norms for exchanges
  • Quikr set to buy Commonfloor for $200 million
  • Euro Zone banking on Draghi to spur economy
  • Plea for ban on Volkswagen vehicles’ sale: NGT notice to Centre
  • Tata Motors set to launch new hatchback Zica in 2016
  • Dr Lal Pathlabs IPO opens next week for its Rs6.4bn IPO
  • Softbank leads $120 m funding in Grofers
  • Volvo to use FAME India scheme for hybrid bus
  • IDBI Bank stock soars on reports of IFC picking up stake
  • MFs exposure to bank stocks hits record high of Rs. 85,376 cr
  • Rajesh Exports bags export order worth Rs. 1,122 cr
  • Subex allots over 1.86 crore shares upon bond conversion
  • RBI eases norms for accessing foreign loans
  • Defence & Aerosupply conclave begins in Hyderabad
  • States want NITI Aayog to be a knowledge disseminating body
  • Port at Thane Creek in 3 months
  • Miles to go for Essar, Rosneft deal
  • Aircel bullish on data, launches new packs

  • Cochin Shipyard IPO set to sail well
  • Listing norm breach may lead to freezing of promoter holding
  • Indian firms line up for Welspun’s green projects
  • Smallcap index outperform Sensex, midcap second straight month

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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Today’s M & A Deals_Nov 25,2015

M & A Deals :

  • Idea to buy spectrum from Videocon Telecom for $500M
  • SunEdison scraps deal to buy Morgan Stanley-controlled Continuum
  • Nippon to hike stake in Reliance Life for $341M
  • Naaptol raises $52M more from Mitsui
  • Reliance PMS invests in Indirapuram residential project
  • Publishing house S Chand raises $27M from IFC, Everstone
  • NumberMall buys analytics-based marketing solution BankSmarts

  • Ratan Tata invests in big data startup Crayon Data
  • Lenders to take over Gammon India under SDR rules
  • IFC to invest up to $75M in PNB Housing via NCDs
  • Viacom18 expands MTV brand franchise with cafe chain
  • NumberMall buys analytics-based marketing solution BankSmarts
  • Lanco plans to raise $1B by selling plant, listing power arm

Today’s Wealth mantra !

“Price is what you pay. Value is what you get ”

-Warren Buffett.

 

 

 

Morning Business News Round up_October 20, 2015

Morning Business News :

  • S&P Retains India’s Rating At BBB-, Rules Out Upgrade
  • Govt Hikes Import Duty On Wheat To 25% From 10%
  • Govt To Import 3k Tonnes Of Pulses To Contain Prices
  • Dot May Conduct Audit Of Telcos From 2008 Onwards
  • R Rajan Slams IMF For ‘Applauding’ Easy Money Policies
  • Care Ratings Lowers India’s GDP Forecast To 7.5-7.6% In FY16
  • Tata Comm Eyes Acquisitions To Improve Product
  • Walmart Paid Millions In Bribes In India: WSJ

  • RBI To Provide More Bank Licences, Says Mundra
  • Maggi Manufacture, Sale Allowed In Karnataka
  • Power Ministry Proposes Compensation At 85% Of Land Value For Tower Base Area
  • Indigo To Retire Rs 1,166 Cr Debt From IPO Proceeds
  • Infosys To Acquire US-Based Noah Consulting For $70 Mn
  • Telangana Government, Cement Firms In Talks Over Supply Pricing
  • Gujarat Lifts Ban On Sale Of Maggi
  • PFRDA To Seek Tax Exemption For NPS At Withdrawal Stage
  • HCL Technologies Q1 Net Profit Dips 2.7% To Rs. 1,823 Cr
  • L&T Supplies First Parts Of Cryostat For ITER Facility
  • Reliance Jio Likely To Delay Its December Pan-India Launch
  • Indigo IPO To Hit The Market On 27 October
  • Square Yards Acquires Creative Design Studio Oryden Tech Labs
  • Morgan Stanley Profit Plunges 42% As Trading Revenue Slumps
  • PNB Housing Finance Plans Rs2,500 Crore IPO
  • Sensex Gains For Third Day, Nifty Closes At 8,275; Reliance Industries Surges 5.5%
  • Ultratech Q2 Net Up 3%, Expects Demand To Pick In H2 FY16
  • Middle East Set To Become World Leader In Internet Devices
  • Coal Imports Decline By 27% To 12.6 Million Tonnes In September
  • Options Get Boost As Stakes Increase In Derivatives
  • REC Plans To Garner Rs 700 Cr Via Tax-Free Bonds
  • India At Rock Bottom In Global Pension Index
  • Pimco Assets Stabilize A Year After Bill Gross’s Surprise Exit
  • IBM Revenue Missed Even The Most Pessimistic Estimates