Tag: #perorder

Morning Business News :

• Tata Power to buy 25% in Resurgent for Rs 1,800 cr
• Niti Aayog singles out 32 sick PSUs for strategic sale
• PGCIL may sell stake to mop up Rs 12,000 crore
• Telecom gear makers Ericsson, Nokia initiate 5G talks
• SBI plans civil proceedings against errant promoters
• Brexit fears drive German bond yields to below zero
• Toyota overtakes Tata Motors in May, is number 4 now

• 22% rain deficit delays crop planting, triggers rise in food prices
• NITI Aayog submits roadmap for PSU reforms to Prime Minister’s Office
• Ministry of New and Renewable Energy to set up 1000 MW wind power projects
• Suven gets patent for CNS molecules from Canada, Hong Kong
• Ajanta Pharma launches anti-dementia drug in US
• Telecom Minister Ravi Shankar Prasad rules out penal power to Trai
• Reliance Jio takes 6th spot on data usage, Airtel comes out on top
• Jio expects 2.5 mln users with 50 mln GB data usage before commercial launch
• Nava Bharat Ventures set to commission Zambia thermal power plant
• Parth Jindal appointed MD of JSW Cement, will take over in July
• Honda Amaze crosses two lakh sales mark in India
• AccorHotels plans to add 14 new Novotel properties in India
• Food prices push wholesale inflation up to 19-month high
• Monsoon set to extend coverage over India, says Australian met bureau
• Vijay Mallya declared proclaimed offender
• BHEL commissions 195 MW unit at Muzaffarpur plant
• Madras HC sets aside govt order denying Sun’s FM channels to participate in Phase III auction
• Equity mutual funds’ asset base climbs 14% to Rs 3.7 lakh cr in May
• Govt mulls Rs 10,000-cr bioenergy mission from FY18
• Panel wants Centre to pare stake in PSUs
• ChrysCapital, GIC may buy SBI’s 5% stake in NSE
• Mahanagar Gas finalizes Rs1,040 crore IPO

Today’s Wealth Mantra !

Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.  

-Benjamin Graham

Morning Business News :

• CEA panel may favour recast of FTAs to boost exports
• Sebi mulls artificial barriers to algorithmic trading to ensure level playing field
• CIL offers 2.8 million tonnes of coal via e-auction
• Microsoft eyes debt to finance LinkedIn buy
• NTPC sells surplus power on India Energy Exchange; NHPC, NLC to follow
• ONGC manages to halve exploration cost write-offs
• Welspun Renewable Energy acquisition can hit Tata Power’s metrics: Moody’s
• Godrej to invest Rs 200 crore for production ramp up
• Bupa completes acquisition of additional 23% stake in Max JV
• NPPA issues notices to drug companies over violations of DPCO 2013
• 5 Delhi hospitals fined Rs 600 crore for refusing free treatment to poor
• Government to release Rs 485 crore outstanding subsidy: Deepak Fertiliser
• Foxconn looks at Odisha’s Gopalpur for setting up unit
• Havells India to raise stake in Promptec Renewable Energy Solutions

• Unitech to pay Rs 48L to buyer with interest of 18% from 2008
• Government gears up to start LNG barges on Ganga by 2018-end
• 4G could play a bigger role in customer acquisition and retention
• ABB connects TN solar power project to national grid
• Maruti Suzuki to speed up output to make up for shutdown loss
• FIIs / RFPIs can now invest up to 80 per cent under PIS in M/s IIFL Holdings Ltd
• FPI limit in YES Bank hiked to 74%
• Sterlite Power files papers for InvITs
• Retail inflation inches up to 5.76 per cent in May
• PM to hold interactive session with CBDT, CBEC top brass at ‘Gyan Sangam’
• Kerala govt to help sort out Petronet LNG pipeline issue
• Tax demands increase TCS contingent liability by Rs 4k cr
• Riding on edible oil, Emami targets Rs 30,000-cr turnover
• SBI begins work on framework for subsidiaries’ merger
• Future Group firm to raise Rs 134 cr from IFC

Today’s Wealth Mantra !

Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.  

-Benjamin Graham

Morning Business News :

• Dalmia Bharat, Shree Cements in race for Lafarge’s Sri Lankan ops
• RBI officials meet bankers to formulate debt rejig plan
• Railways will invest $140 billion in infrastructure in five years
• Steel ministry to seek extension of floor price on imports
• US economic outlook brightens on upbeat job
• China objects to India’s anti-dumping probe into Chinese steel
• Russia eyes manufacture of nuclear power components in India
• Monsoon rains in India 18% below average in past week
• RCom fares the worst in call drop test in Hyderabad
• NDMC passes resolution withdrawing hike in property tax rates
• French court slaps euro 800,000 fine on Uber, execs for illegal taxi service
• Centre might impose 25% duty on sugar export
• US lawmakers introduce Bill for special global ties with India
• India expresses concern over decline in contributions to UNDP
• Rail, defence, postal unions serve notice for strike from July 11
• Sahara properties to be auctioned at Rs. 1,900 cr reserve price
• India now gets Mexico’s backing in NSG membership bid
• GST: State Finance Ministers’ panel to meet on June 14-15
• UK reinsurer Lloyd’s to launch India operations in 2017
• Ikea to consider production unit in India
• 1% tax on car sales to only apply on retail transactions
• Micromax to start selling air conditioners

• Govt rejects Google’s plan to cover India through Street View
• Sensex ends 257 points down on global cues, Nifty settles at 8,203
• Excise official arrested by DRI in Rs 100 crore fraud case
• Yes Bank subscribes 8% stake in RXIL
• India inflation likely edged up to 5.52% in May
• Stock exchanges to start gold bond trading from Monday
• Indian among Time’s 10 millennials changing world
• Recoveries for banks to start in second half of FY’18
• Rane group eyes buyouts to ramp up businesses
• Ex-Aircel owner forays into app-based cab biz

oday’s Wealth Mantra !

First of all I trust my own instinct, experience that I gained over years and feeling when the moment is right for buying shares. That is what one calls intuition.

-Alisher Usmanov

Morning Business News :

• RBI likely to ease bad-loan recognition norms
• SBI may house bad loans in separate company
• Telcos want communication apps to be regulated
• Rupee ends at 3-week high of 66.97, up 28 paise
• India ranks second in retail potential
• Govt extends Sebi cheif’s tenure for ‘continuity’ amid volatility
• Suning buys 70% controlling stakes in Inter Milan
• India wins Swiss support to tackle black money
• Central govt staff to go on strike from July 11
• HSBC restructures investment banking arm
• Signs of recovery in steel industry after two years
• Sumitomo buys 45% in Excel Crop Care, makes open offer for 30%
• Cairn Energy’s Rs. 29k crore arbitration gets under way
• MF distributors: putting on a more professional face
• 10 technologies shaping the future of solar power
• KKR India set to invest Rs600 crore in Kwality
• Indian Hotels takes online route to cut costs, drive growth
• India takes the lead in the war on carbon emissions
• SEBI imposes 1.3 crore fine on Top Telemedia, two directors

• Steel imports falls for 2nd month in May this fiscal
• Not repo, Markets await Rajan’s reappointment news
• Vedanta readies $500 million capex for its zinc business
• India ranks 2nd on GRD index on ease of doing business
• Switzerland backs NSG bid to tackle black money
• Nestle strikes pact with Alibaba to market its products
• Oil prices boosted by dollar slump

Today’s Wealth Mantra !

“The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell.”

–John Templeton

Morning Business News :

• Sebi, BSE bust fraud through Pak-based entity
• Indian refiners to clear $6.6 bn Iran dues in 3 mths
• India’s millennials to be catalyst for consumption
• Car sales growth moderates to 6% in May
• Sebi curtailing redemption norms gets a mixed reaction
• US factory activity expands, construction spending tumbles
• Trai seeks penal powers as telcos fail call drop test
• Sebi bars 76 entities for tax manipulation
• Bitcoin hits 2-year high as yuan worries drive Chinese demand
• MF distributors up the ante on disclosure norms
• Transport fuels, non-subsidised LPG cylinder prices hiked
• BSE to allow gold bonds in demat form on its platform
• Zee Learn holds Tree House Education amalgamation plan
• India Post payments bank gets ₹800-cr stamp of approval 
• Cabinet nod for India Post payments bank
• Govt wants cash-rich CPSEs to buy back shares from market
• Kishore Biyani attempts a Zara with Cover Story
• India’s e-commerce start-ups are setting a dangerous precedent
• Vodafone, Cairn Energy have 7 months to accept govt’s olive branch in tax disputes
• Xiaomi buys Microsoft patents to spur global forays
• Oil drops in cautious trade ahead of OPEC
• Ford recalling 1.9 million vehicles to replace air bags

• Average tariff hike of 5% by SERCs for FY’17 so far: ICRA
• IT dept made info exchange requests to many countries
• Sebi bars two firms; slaps fine on one for SCORES violation
• India must steer clear of the Iran-Saudi Arabia showdown
• Mahindra sales soar 11% to 40,656 units in May
• Tata Steel completes sale of UK biz to Greybull
• SoftBank to sell part of stake in Alibaba for $7.9b
• Manufacturing growth in May slowest: PMI
• 60% of Axis Bank new credit cards sold in non-metros

Today’s Wealth Mantra !

“The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell.”

–John Templeton

Morning Business News :

• RCom looks to cut debt by 75 pc with Aircel, tower deal
• Reliance Industries temporarily shuts PET, PTA units at Dahej on water shortage
• NGT hears pleas of auto industry and Central Government not to ban diesel vehicles, next hearing in July
• Telcos may soon offer calls over Internet like Whatsapp, Skype
• Won’t set up stores in India if 30% sourcing rule stays: Apple
• Softbank to sell $7.9 billion of Alibaba shares

• US court rules $24.9 bn Dell buyout underpriced by 22%
• Aurobindo to keep focus on drug launches in US, costs in Europe
• New hospitals to drive growth at Narayana Hrudayalaya
• Last date for registering jewellers with excise department extended to June 30
• Bharti Airtel may not bid for spectrum in the 700 Mhz band
• Indian Potash reduces MoP price by Rs 50
• Unichem earmarks Rs 200 crore capex for current fiscal
• DLF to sell 32 screens to PVR for revised price of Rs 433 crore
• Maruti to resume operations from Wednesday
• Glenmark to raise $200 m in Singapore bourse
• Toyota secures over 20,000 bookings for InnovaCrysta
• Reliance to offload stake in African oil marketing firm
• ONGC Videsh inks marketing agreement with SOCAR Trading 
• At 7.6% in FY16, India now fastest growing economy
• Petrol price raised by Rs 2.58, diesel costlier by Rs 2.26 per litre
• Core sector growth accelerates to 8.5% in April
• RIL arm sells stake in African fuel retailer Gapco
• Power tariff set to shoot up as Coal India raises prices
• Sebi eases redemption norms for mutual fund investors
• Govt wants cash-rich CPSEs to buy back shares from market
• Vodafone, Cairn Energy have 7 months to accept govt’s olive branch in tax disputes
• L&T Finance eyes consolidation in bid to improve returns

Today’s Wealth Mantra !

First of all I trust my own instinct, experience that I gained over years and feeling when the moment is right for buying shares. That is what one calls intuition.

-Alisher Usmanov

Morning Business News :

• PE funds now want more or even the whole pie
• Trai issues pre-consultation paper on net neutrality 
• No TDS for PF withdrawals of up to Rs 50,000 from June 1
• Tata Motors Q4 net surges 3-fold at Rs 5,177 cr
• Sebi notifies winding down policy for depositories
• Government announces rules for equalisation levy
• Ficci survey pegs FY17 growth at 7.7%
• Now ministers can approve non-plan proposals of upto Rs500 cr
• S&P lowers long-term issuer credit rating on Bank of India
• Don’t extend diesel vehicle ban to other cities: Centre to NGT
• L&T Infotech recalls 1,500 job offers
• Psus told to give vacant space for skill training centres
• Oil prices dip on strong dollar, rising Canadian output
• Fire at Subros forces Maruti to suspend production
• JSW Group sees opportunity in a sectoral crisis
• Banks may continue to report bad loans issues for 2 more qtr
• Mahindra Q4 profit rises 6% to Rs583.73 cr on higher SUV sales
• Hindalco’s aluminium business back in the driver’s seat
• Berger Paints profit surges 34% to Rs94.75 cr in March quarter
• Reliance Communications Q4 net profit falls 22%
• NTPC Q4 net profit dips 7.73% to Rs 2,716.41 crore
• Sensex gains for fifth day, rallies 72 points; Nifty settles  8,170
• Christine Lagarde remote control makes Europeans doubt IMF role in Greek deal
• Sebi orders attachment of 25 properties of 3 firms

• MTNL posts net profit of Rs 174.58 cr for January-March
• Australia miners merge, hope to boost lithium sales
• Softbank’s investments in India may surpass $10b
• FM to take India story forward with Japanese investors
• Investor education pays off, SIP accounts double
• SBI becomes top merchant acquiring bank in country

Today’s Wealth Mantra !

First of all I trust my own instinct, experience that I gained over years and feeling when the moment is right for buying shares. That is what one calls intuition.

-Alisher Usmanov

Morning Business News :

• Govt may merge loss-making PSEs with profitable peers
• Rel Jio to lease more base stations from tower cos
• China’s bad loans rise: Banking regulator
• Govt to cancel tenders bagged by Finmeccanica
• Govt eyes Rs 8,000 cr from stake sale in 4 PSUs
• Govt sanguine about GST passage minus Cong leg-up
• Investment in farm infrastructure must for 100% FDI in food processing
• Government plans to unveil solar zones policy in June
• Sun Pharma gets US subpoena over pricing of generic drugs
• PM to visit 5 nations; to discuss black money issue with Swiss
• UP sugar mills face heat over Rs 2,500 crore arrears
• Indo-American Chamber bid to boost bilateral trade, KPMG to come out with report
• Dumping duty imposed on coumarin imports from China
• Auction of coal linkages for sponge iron sector on Tuesday
• United Spirits plans to reduce debt by Rs. 2,000 cr in 2 years
• Jet Airways to take back six Boeing planes from Etihad 

• Coal India Q4 profit up marginally at Rs4,248 crore
• Reliance Infra Q4 profit rises 43.7% to Rs659.85 crore
• Bayer CEO invites environmental groups to discuss Monsanto bid
• Govt seeks CSR spending information under companies law
• ONGC plans buying majority stake in GSPC’s KG gas block
• Sebi launches auction process for PACL assets
• CBDT begins consultation process with stakeholders on GAAR
• Foreign investors welcome, but no place for tainted money: Sebi
• Govt to cancel defence tenders bagged by Finmeccanica
• ‘RBI to lower rates by another 50 bps in FY17’
• Cotton to stay lower on rise in output at home, abroad
• Govt to sell off 14 perennially loss making ITDC hotels

Today’s Wealth Mantra !

Stock price movements actually begin to reflect new developments before it is generally recognized that they have taken place.   -Arthur Zeikel

Morning Business News :

• Govt approves Capital Goods Policy, aims 21-mn jobs
• EPFO doubles insurance for subscribers to Rs 6 lakh
• Sebi to act tough against rating agencies for lapses
• Govt approves MoU between ISRO and the UAE Space Agency
• RBI’s AQR shows banks were hiding nearly half of their NPAs
• Govt withdraws GM seed notification capping license fees
• Cabinet clears India, Japan pact on thermal power
• Tata Steel Q4 net loss narrows to Rs 3,214 cr
• Sebi to facilitate exit of nearly 4,200 cos from stock exchanges
• NBCC to take over Hindustan Steel Works Construction
• TRAI ropes in experts for inter-operability of set-top box
• India woos Chinese investors, urges participation in Make in India prog
• Nalco board okays Rs 2,835-cr buyback programme
• NSE Academy takes off with a global programme
• MCX copper climbs but downtrend remains intact
• Ashok Leyland profit falls 66% to Rs 70 cr
• Hewlett Packard Enterprise plans $8.5 bn spinoff, merger

• David Cameron says bids for Tata UK “encouraging”
• Dr Reddy’s buys six OTC brands from Ducere Pharma
• Reliance, BP said to seek withdrawal from India gas arbitration
• Rosneft, Essar Oil stake sale deal may include exploration and production assets
• L&T Q4 profit rises 18.55% to Rs2,453.64 crore on higher sales
• Citigroup to pay $425 mn over attempted forex, rate manipulation
• Sebi wants P-Note users to come directly to India
• Zydus Cadila gets USFDA’s final nod for fungal treatment drug
• HSBC to issue $2 bn of convertible bonds

Today’s Wealth Mantra !

Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.  

-Benjamin Graham

Morning Business News :

• Govt eyes Rs 25 lakh cr infra investments to create 4 crore jobs
• Tech Mahindra drops plans to start payments bank 
• Airtel buys Videocon’s airwaves for Rs 4,428 crore
• UAE tightens norms for import of veggies from India
• Asset value math may hit black money window
• India Inc bats for Raghuram Rajan’s second innings at RBI
• IT Dept to declare the name of tax defaulters
• Skymet raises monsoon forecast to 109% of long period average
• Monsanto to reject Bayer bid, seek higher price-sources
• Rupee free fall continues, plunges 26 paise to 67.75
• RBI says 1/3rd of ATMs non-functional, warns of penal action
• Maruti to spend 40% of FY17 capex on product development
• Labour Minister for raising EPFO’s investment in stocks 
• FSSAI suggests ban on potassium bromate use as food additive
• Nissan eyes 20% growth in sales in North East

• IRDAI imposes Rs. 35 lakh penalty on Future Generali 
• Bajaj Finance Q4 net up 36%; board declares Rs. 7/share final dividend 
• Centre aims for 270.10 mt foodgrain output in 2016-17
• Demerged Sterlite Tech becomes pure play telecom player
• Nokia in talks with Indian telecom operators over 5G networks
• Bank of India posts Rs3,587 crore loss in Q4 as provisions double
• Oil ministry offers small fields under liberal terms
• Colgate-Palmolive net dips 10.8% at Rs145.89 crore
• VRL Logistics stock plunges as promoters announce aviation foray
• Sensex snaps 4-day losing streak, ends 75 points up, Nifty settles at 7,749;
• Tata Global Beverage Q4 net profit at Rs 106 crore
• Ministry of Civil Aviation to move aviation policy for Cabinet nod in few weeks
• India seeks rights to operate Iran oil field
• DB sees India’s GDP growth at 7.8% next year
• China wants to extend its Nepal rail link to India
• Indian tablet shipments go up by 1.3% over FY15

Today’s Wealth Mantra !

Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.  

-Benjamin Graham