Morning Business News Round up_June 18, 2015

  • US Federal Reserve keeps rate unchanged
  • Shaken by LIBOR scam, India to tweak key rate
  • Greek talks failure would be ‘extremely serious’ for Europe: Paris
  • Govt approves FDI worth Rs 4,000 cr by 4 pharma cos
  • India emerges as UK’s 3rd largest FDI source in 2014
  • Airtel’s tower sale pact with Helios falls through
  • Fitch rates NTPC’s proposed $4-billion notes secure
  • Govt hikes pulses MSP sharply to boost output, check prices
  • Tata Steel workers suspend industrial action until Saturday
  • Cipla, BMS settles patent dispute
  • Bandhan gets final RBI nod, to start bank on August 23
  • Cairn struggles on Rs 20,494-cr I-T notice; may impact Vedanta merger
  • Sebi to initiate fresh proceedings in NSEL scam
  • Torrent Pharma gets FIPB nod to raise FII limit to 35%
  • Govt approves 16 FDI proposals worth ₹ 6,751 cr
  • Dumping duty imposed on nylon tyre cord fabric imports from China
  • Investors still positive on India, says BofA-ML survey
  • MCX employees bid for Metropolitan SE warrants
  • ONGC Videsh to invest $400 mn for exploration activities in Kazakhstan
  • Govt ramps up solar power capacity target by five times
  • RBI’s action on Basel-III norms draws praise
  • Big deals strengthen in 2015, worth $14bn so far: report
  • IFC invests $35 million in PTC India’s infra financial firm
  • Trina Solar plans $500 million India plant amid US, Europe ban
  • Finance ministry sets up two panels for roll out of GST from April 2016
  • Sensex up 146 pts; extends gains for 4th day on value-buying
  • Govt approves Rs 7,529-cr highway projects in Maharashtra
  • Govt clears transfer of land for defence research centre
  • Rs 2.5 lakh cr worth of equity issuances in pipeline
  • 5% interest subsidy on housing loans for poor
  • GP Petro ties up with Repsol to launch premium lubes
  • Oil firms may be allowed to explore shale under NELP round
  • HDFC Bank cuts lending rate by 0.15%
  • State Bank of Bikaner & Jaipur cuts base rate to 9.95%
  • ACC resumes limestone mining operations at Bargarh

 

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Morning Business News Round up_June 15, 2015

  • Anil Ambani Goes Big On Defence, Raises 11 New Cos
  • Rainfall 5 Per Cent Above Normal Till Now: MET
  • Govt Infra Firm To Award Rs 1.3-Trn Highway Projects
  • Tata Steel Approaches Acas To Resolve Pension Dispute
  • MHA Officials Skip Talks On Sun TV’s Security Clearance
  • NTPC Intends To Buy State Stressed Power Assets
  • China To Extend Economic Diplomacy To EU Infra Fund
  • Cairn India, Vedanta Boards Approve Merger At 1:1 Ratio
  • State-Run Banks Put Rs 14,000-Cr Bad Loans On The Block
  • Govt Asks Top Taxmen To Ideate For Widening Tax Base
  • Sebi Board May Finalise Detailed E-IPO Norms This Month
  • PE Deals Worth $5.85 Bn Sealed During Jan-May: Thornton
  • TCS, Infosys Visa Issue: Govt To Intervene When Required
  • Finmin May Finalise Additional Fund Needs For Banks In 3 Mnths
  • FDI In Services Sector Up 46% In 2014-15
  • Reliance To Launch Jio By December This Year

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  • Public Sector Banks Advised To Lend More For Housing
  • ABG Shipyard In Talks With Privinvest For Stake Sale
  • IIP Grew 4.1 Per Cent In April
  • Coal India Sixth-Largest Mining Company In The World: Pwc
  • Govt Sets Up Rs1,500 Cr Nuclear Insurance Pool
  • NDMC Defers Taj Mansingh Auction; IHCL Gets 3-Month Extension
  • Vodafone, MTS Hike Prepaid Data Tariffs In Delhi
  • Fpis Outflow Touches Rs 4,700 Cr In June
  • Unnecessary Negativism Around Indian Economy: Puri
  • India Inc Garners Rs 1 Lakh Cr Via Debt Placement In April-May
  • Top10 Sensex Companies Lose Rs 54,189 Cr In Market Valuation
  • Corporate Debt Mop-Up Hits Rs 1 Lakh Cr In April-May
  • Infra Psus In Queue To Float Rupee Bonds Abroad
  • Frustrated By Rs 20,495-Crore Tax Demand On Cairn: Vedanta
  • Honda Eyes Double Digit Car Sales Growth, Banks On New Jazz
  • Robust FII Inflows Look Difficult; Focus On Increasing FDI

 

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Morning Business News Round up_June 12, 2015

  • India Secures Top-Most Rating For Fin Mkt Regulations
  • Telecom Comm Finalises Views On Spectrum Sharing
  • Greece Gets Wake-Up Call: Coming Week May Seal Fate
  • Government Scraps Import Duties On AIDS Drugs
  • EU Tells Greece: Time’s Up, No More Gambling
  • EU Regulators See Harm In GE’s Alstom Power Deal
  • Hardy In Talks To Buy Out RIL Stake In GS-1 Block
  • ABG Close To Selling Controlling Stake To Privinvest
  • Ambani Company Gets Loan Restructuring Package
  • S&P Downgrades Greece After IMF Repayment Delayed
  • Less Appetite Likely For Rupee-Linked Bonds Abroad
  • World Oil Demand To Jump After Price Slump:IEA
  • R-Infra’s Mumbai Metro Refinances Rs 1,650-Cr Debt
  • Insurers May Not Pay For Nestle’s Losses
  • Tata Power Talks To Lenders To Refinance Mundra UMPP Loans
  • China’s Move To Release Reserve Stocks Unnerves Cotton Trade
  • Nestle Approaches Bombay HC Against FSSAI, FDA Order
  • BSE To Launch Govt Bonds In Demat Mode

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  • Govt To Hike Cairn’s Ravva Field Gas Price By 20%
  • Tata Group Likely To Invest In Electrosteel Steels
  • Jagran Prakashan Completes Acquisition Of Radio City
  • RBI Allows Nris To Invest In Chit Funds On A Non-Repatriation Basis
  • HUL To Withdraw Knorr Noodles Pending FSSAI Approval
  • Tata Group Makes Additional Investment In Solar Cell Maker Flisom
  • PSU Banks Need More Govt Funds Than Budgeted: RBI Deputy
  • Novartis India Arm Says Unaware Of Any Delisting Plan
  • Sensex Plunges By 470 Points, Nifty Cracks 8,000-Level
  • Tata Steel Shares Decline As British Unions Plan Strike
  • Indian Angel Network Invests USD 350,000 In Adstringo Software
  • Sandoz Inc Recalls India-Made Anti-Allergic Tablets In US
  • Unitech Plans To Raise Rs 200 Cr For Ongoing Housing Projects

 

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Morning Business News Round up_June 11, 2015

  • Court Orders Greece To Reverse 2012 Pension Cuts
  • British Government To Begin Sale Of RBS Stake
  • Jan-March Quarter CAD Narrows To 0.2% Of GDP
  • CCEA Okays Rs 6,000-Cr Interest-Free Loan To Sugar Mills
  • Govt To Contribute Rs 600 Crore To Nuclear Pool
  • Land Acquisition Impediment For Investing: China
  • Union Cabinet Clears Ordinance In Cheque Bounce Cases
  • Indusind Bank, Bankers In Talks For $750 Mn Share Sale
  • Vedanta-Cairn Merger To Be Announced On Sunday
  • Govt May Increase NREGA Work Days In Case Of Drought
  • Finmin Readies Plan For Strategic Sale Of Unviable Govt Assets
  • RBI’s Net Purchase Of Dollar At $5.43 Bn In April 2015
  • L&T Finance Holdings Rises On Stake Sale Plan
  • Cabinet Approves Production From 3 Naphtha-Based Urea Plants
  • BEML Receives Rs 645 Cr Order From Delhi Metro
  • Panel On Accounting Standards To Stick With Existing Roadmap For IND AS
  • Centre Okays Large-Scale Pulses Imports
  • Rajasthan May Auction 10 Lignite Blocks In FY16 To Generate Power
  • India’s Coal Consumption Grew Fastest In The World In 2014: BP
  • Centre Nod For Rs. 1,905 Cr Yadgiri-Warangal Road Project
  • UTI-IAS Acquires Vijay Mallya’s 3.97% UBL Voting Rights After Default
  • Domestic Car Sales Jump 7.73% In May: Siam
  • Banks May Further Reduce Lending Rates By End Of The Week: HDFC
  • SBI’s Arundhati Bhattacharya Urges More Action On Loan Default Policy
  • Bayer To Sell Diabetes Unit To KKR Unit For $1.15 Billion
  • BSE Sensex Snaps 6-Day Losing Streak, Ends 359 Points Up
  • Aircel Cuts Roaming Rates In South India, Offers Free Incoming

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  • Documents Filed By Essar Group’s Ravi Ruia Appear To Be ‘Suspect’: Court
  • Sebi Cracks Down On 200 Illicit Fund-Raising Activities
  • Asset Base Of Equity Mfs Climbs 72% To Rs 3.25 Lakh Cr

 

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Morning Business News Round up

  • RBI To Allow Mass Transit System To Issue Pre-Paid Card
  • Foreign Funds Get SEBI’s Backing On MAT
  • Greece Faces Tough Choices In Shrinking Window For Aid
  • India Needs $1 Tn For New Infrastructure: Sitharaman
  • RBI Wants Bank Clients To Hedge Against Commodity Price Risk
  • Vodafone Sells Its Stake In Bharti Airtel
  • Not Right Time To List Overseas Arm: ONGC To Govt
  • Tata Steel Unit Sale Talks Continue But Options Eyed
  • ONGC Q4 Net Down 20% On Higher Costs, Low Prices And Dry Well Write-Offs
  • Govt Mulls ‘Korea Plus’ Even As Posco’s $12-Bn Steel Plant Hangs In Air
  • China Stocks Slump 6% On Margin Tightening
  • Board, Shareholders Cleared USL Accounts: Mallya
  • Government Looking To Award Projects Worth Rs 3.5 Lakh Cr In Next 6 Months: Gadkari
  • Coal India Q4 Consolidated Net Down 4% To Rs. 4, 239 Cr
  • NSE To Launch New IRF Contract On Friday
  • Dollar Momentum Wanes; Chinese Stocks Take Heavy Tumble
  • BASF Invests Rs. 64 Cr In New Agri Research Station Near Pune
  • Edelweiss Tokio Life Seeks FIPB Nod To Hike Stake To 49%
  • Hindalco Net Profit Falls 36% To Rs. 160 Cr
  • Crompton Greaves Gets Bids For Power Business In Europe, North America, Indonesia
  • Avago To Buy Broadcom For $37 Billion In Biggest Chip Deal
  • Essar Steel To Monetize Assets, Refinance Rs15,000 Crore In Loans
  • Adani Enterprises Falls 7.4% On Profit-Booking Ahead Of Demerger
  • PFC’s Net Profit Rises 11% To Rs 1,561 Crore In Q4
  • TCS Rated As India’s Best Company By Dun & Bradstreet
  • Reliance Infrastructure Profit Declines 26% To Rs 459 Cr On Higher Finance Cost
  • Private Sector Banks’ Profits Set To Leave PSU Peers Behind
  • IDFC To Sign Out Of Nifty Tomorrow, Bosch In
  • Monsoon May Set In Earlier Than Expected
  • NCDEX Launches New Online Platform Gold Now

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  • Max Healthcare Acquires 76% Stake In Pushpanjali Crosslay
  • Royal Enfield Unveils Limited Edition Range Of Bikes, Gear
  • CCI Clears AXA Raising Stake In Insurance Jvs With Bharti

 

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Morning Business News Round up

  • Bank Credit Grew At 10.16%; Deposits Up 11.85%: RBI.
  • G7 Finance Chiefs Ponder Flagging Growth, Greek Risk.
  • Swiss Sign Automatic Info Exchange Pact With EU.
  • Indian Economy Poised To Grow At 9-10% In Med-Term: CII.
  • Dollar Hits 8-Year High Vs Yen, Euro Slips.
  • China’s Slowdown Leaves Tata Motors Nursing Wounds.
  • Max Life Pegs Its Embedded Value At Rs 5,232 Cr.
  • Fearful Of Retro Tax, Pes Demand Indemnity From Cos.
  • MCX Seeks Sebi Nod To Raise Stake In MSEI.
  • CAG To Audit Coal E-Auction, Results In 6 Months.
  • Public Debt Rises 0.9% In Jan-March Quarter.
  • RBI May Cut Repo Rate By 25 Bps On June 2: Assocham.
  • Mallya To Face The Heat As MCA, I-T Dept Begin Probe Of USL.
  • SEBI May Halve Minimum Investment Size For Startup Platform.

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  • Claris’ Sale Plan May Hit Roadblock As USFDA Slams Form 483 To Its Facility.
  •  GAIL Q4 Net Profit Falls 47%.
  • Sugar Industry Needs More Than Export Subsidy For Turnaround.
  • Infy Hopeful Of Meeting $20-Bn Revenue Target By 2020: Sikka.
  • IRDA Slaps Rs. 65 Lakh Fine On India First Life Insurance.
  • Vedanta To Work With Govt To Lift Cap On Goa Iron-Ore Output.
  • Novartis India Q4 Net Jumps To Rs. 51.94 Cr .
  • Fiis Sell Most In Equity And Debt Since August 2013.
  • Tata Motors Tumbles Most In 16 Months On Disappointing Q4 Results.
  • Global Green Bond Market Touched $37 Bn In 2014: Moody’s.
  • F&B To Become A Rs 3.8 Tn Industry By 2016-17, Says Study.
  • Vox Media To Buy Technology Site Re/Code.
  • High Job Potential Sectors To Be Opened Up For FDI: PM Narendra Modi.
  • United Spirits March Quarter Loss At Rs 1,799 Cr.
  • India, Japan To Solve Bilateral Tax Issues Soon.

 

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Morning Business News Round up

  • Swiss Move Gives Enough Hints Of Action To Follow.
  • Govt To Erase Offset Clause To Push Defence Deals.
  • SIT May Allow Compounding Where Original HSBC A/C Holder Is Dead.
  • Tatas May Be Roped In For Odisha Defence Unit.
  • Govt Forms 10-Member Panel To Revisit PPP Infra Model.
  • Exports Of 6 Key Agr Products Record Negative Growth In FY15.
  • US Top Court Rules Against Cisco Systems In Patent Infringement Fight.
  • Swiss Govt Names Yash Birla As A/C Holder Being Probed.
  • Tech Mahindra Q4 Disappoint, Net Down 23% At Rs 427 Cr.
  • Tata Motors Q4 Net Dips 56% To Rs 1,716 Cr.
  • Trade Unions Officially Declare National Strike To Protest Labour Reforms.
  • Mutual Funds Slow Down Pumping Money In Stocks In May.
  • Charter Agrees To Buy Time Warner Cable For $56 Billion.
  • DLF To Pay Rs 80 Cr To Law Firm For Rescinding From Agreement.
  • India’s Adequate Food Stocks To Help Contain Inflation.
  • Sugar Industry Needs More Than Export Subsidy For Turnaround.
  • Value Of Retail Investor Holdings In NSE Firms Hits Record Levels.
  • Thermax Q4 Net Up 25% At Rs. 132 Cr .
  •  Amazon Starts Declaring Sales In UK, Germany, Spain, Italy.

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  • NHPC Plans To Raise Rs. 3,975 Cr Via Loans, Tax-Free Bonds .
  • RIL Doubled Its Hedging In FY15 To Shield Against Volatile Crude.
  • TVS Logistics To Acquire Tatas’ DIESL.
  • Additional 1% Tax In GST May Hurt Make In India: Arvind Subramanian.
  • GMR Holdings To Consider Amalgamation With GMR Enterprises.
  • Essar Oil Profit Falls 45% On Inventory Loss.
  •  Charter Communications Buys US Giant Time Warner Cable In $78.7 Bn Deal.
  • Nokia Withdraws Plea To Sell Chennai Unit.
  • Haldia Account Not To Be An NPA For Banks.
  •  Oil Ministry Dismisses Cairn India Export Plea.
  •  Centre Targets $47.5-Billion Textile Exports In 2015-16.
  •  Govt Mulling Proposals For Urgent Measures To Perk Up Exports.

 

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