Tag: #perorder

Morning Business News :

• RBI to penalise banks for misselling insurance products
• RBI looks to check customer liability in banking frauds
• EPFO might invest more in equity markets
• India, Iran, Afghanistan sign Chabahar port agreement
• RBI unhappy over payments banks licence surrender
• 2,000cc diesel vehicle sales ban spreads to Kerala
• Tata Power Q4 net doubles to Rs 360 cr
• Bayer announces $62 billion cash offer for Monsanto
• Buyout group to back rival’s bid for Tata’s UK steel assets: Sources
• Rupee slips 5 paise to 67.49/$
• Low commodity prices, poor offtake depress farm exports 
• UK-based Red Ribbon receives FATCA approval 
• Cipla gets India approval to sell its version of HIV prevention drug  
• Publishing houses eligible to claim additional depreciation: CBDT 
• Infosys bags 5-year deal from Commerzbank
• Axis Bank to raise $500 million through green bonds

• RBI to infuse Rs15,000 crore liquidity through OMO this week
• NCDEX hires MM Chitale for forensic audit to look into castor seed trading
• Amazon India reworks return policy for electronic goods
• VRL Logistics promoters plan to start regional airline
• UBHL seeks a month’s time to file results due to Vijay Mallya cases
• Sensex ends 72 points down in volatile trade, Nifty settles at 7,731; Britannia falls 8%
• Govt withdraws notification on Bt cotton, to seek public views
• Oil prices dip after Iran says it won’t freeze output
• Seven Maruti models in top 10 best selling PVs in April
• Hit by strike, GSK Consumer suspends ops in Punjab

Today’s Wealth Mantra !

As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.  

-Timothy Geithner

Morning Business News :

• SEBI tightens regn norms for offshore derivatives
• P-Note norms tightened to check money laundering 
• Poll results will help expedite economic reforms
• SBI associate banks staff to go on strike today
• Trai mulls ways for free Internet within Net neutrality
• Congress says won’t change terms for supporting GST bill
• Saab offers next generation Gripen aircraft under ‘Make in India’
• CCI quashes appeal against distribution arm of REC
• Bankers want lowering of dilution norms for SME firms
• ED to conduct forensic audit of Vijay Mallya’s accounts
• Bayer makes hostile bid for Monsanto
• Fed keen on June rate hike
• India, Slovenia ink protocol to amend double taxation avoidance pact 
• Moody’s lowers Adani Ports ratings outlook to negative 
• BP sells 11.5% stake in Castrol India for Rs. 2,075 cr
• Lupin Q4 net up 48%; beats estimates 
• Ceat’s Halol plant gets 5-star rating from British Safety Council
• Manpasand Beverages FY16 net up 69% at Rs. 50.56 cr
• HSBC to close nearly half its India branches, focus on digital banking
• Maruti Suzuki to recall 20,427 units of S-Cross

• Tata Communications sells 17 data centres for $634 million
• Free-to-air TV channels rush to cash in on rural market
• SpiceJet quarterly profit climbs to Rs73 crore
• Parag Milk Foods gains 15.26% on listing day
• Sensex dips 305 points as weak global cues spook markets
• Delhi’s power demand rises to a new record of 6044 MW
• HDFC Bank seeks nod to up authorised share capital to Rs 650cr
• ITC to expand food products; expects 6-8 new plants in 3 years
• Moody’s sees India growing at 7.5% in 2016, 2017
• 100% FDI for defence firms in dedicated SEZs on cards
• ECGC cuts premium rates for exporters
• Sugar export incentive to mills withdrawn
• ST Telemedia to buy 74% stake in Tata’s data centre

Today’s Wealth Mantra !

“ If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring”
― George Soros

Morning Business News :

• Govt to ask 3 more PSBs to merge with bigger peers
• Sinha discusses bankruptcy law, FRBM with MF players
• Rupee breaches 67-mark, ends 10 paise lower at 66.97
• Call drops: Trai says won’t ‘shy away’ from its duty
• Fed signals interest rate hike firmly on the table for June
• Govt eyes oil-for-drugs deal with Venezuela to recoup pharma cash
• Maruti Suzuki’s value now 1.5 times parent Suzuki
• Long-term equity returns decline globally
• Govt reviews interest rates on sovereign gold bonds
• Switzerland plans ordinance for automatic tax info exchange
• Tata Communications to announce stake sale in data center unit
• Suzuki Motor says used improper fuel economy tests
• FSSAI plans specific regulations for noodles
• ONGC Videsh to set up oil trading desk 
• TRAI to start net neutrality consultations in 3 days
• Apple to set up iOS app design, development centre in B’luru
• PNB reports Q4 net loss of Rs 5,367 cr on higher provisioning
• SBI merger: India may soon have a global Top 50 bank
• JSW Steel posts net profit of Rs171.25 crore in March quarter
• BSES gets more time for settling NTPC dues
• Corporation Bank posts Rs511 crore loss for Q4 as bad loans rise
• Mercedes says India investments on hold due to SC diesel ban

• MFIs raised Rs11,500 crore through securitization: Crisil
• Sensex ends 69 points down on weak global cues
• India, Thailand trade expected to touch $200b by 2022
• Securitisation of MFIs jumps 125% to Rs 11,500 cr in FY16
• Axis Bank proposal to raise foreign funds goes to CCEA

Today’s Wealth Mantra !

“ If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring”
― George Soros

Morning Business News :

• RBI’s new liquidity framework has some inherent risks
• ‘India should open agri sector to US investment’
• DRT directs JP Morgan Bank not to disburse $40 mn to Mallya 
• Euro zone still faces risk of deflation: ECB’s Visco
• Higher STT on sale of option contracts from June 1: NSE

• Trading on stk exchanges may stretch till 5 PM
• Govt chooses SBI to kick off bank merger
• Consumer confidence at 9-year high
• Govt sets up FRBM committee on fiscal deficit range
• India could lose at least $2 bn in apparel exports under TPP
• Infra projects’ credit rating system expected soon
• High agri prices to put pressure on food inflation
• Oil extends gains, US crude at seven-month high on supply concerns
• Rupee free fall continues, down 7 paise to 66.87
• State Bank of India mulls divesting 5% stake in NSE 
• Small-ticket investments by private equity firms gaining traction
• There’s little ammunition left with central banks, says Mark Matthews 
• Syndicate Bank reports net loss of ₹2,158 crore in Q4 
• Five Indian car models fail NCAP crash test
• Tata Steel calls off Tata Metaliks merger
• Syndicate Bank writes off Rs883 crore against fraud at branches
• Ratan Tata invests in medical emergency response start-up MUrgency
• Alok Industries may demerge operations
• Srei Infrastructure Finance plans to sell non-core ventures
• Sensex ends 120 points up, Nifty settles below 7,900;
• With $118.9 bn, India 12th top foreign holder of US govt bonds
• States’ gross market borrowings seen at Rs 3.5 lakh cr in FY17
• Row over states’ goods entry tax; SC sets up 9-judges bench
• Sun TV shares soar 10% on expectation of DMK win in TN
• Solar programme bags $625m World Bank aid
• Growth in demat account openings remains sluggish
• Compat sets aside Rs 1,773-cr penalty on Coal India
• Indian smartphone shipments plunge 8.2% in Q1

Today’s Wealth Mantra !

“Anyone who is not investing now is missing a tremendous opportunity.”
― Carlos Slim

Morning Business News :

• Indians sent a record $4.6 bn abroad as overseas remittances
• HSBC upgrades India to neutral from underweight
• RBS confirms exit of retail banking branches in India
• EPFO to provide 3-year life cover to subscribers after job loss
• Piramal to float new realty investment platform
• Petrol price hiked by 83 paise, diesel up by Rs 1.26
• World Bank approves $625-mn aid for India’s solar program
• COAI asks Trai to reconsider differential pricing of data
• Indian Oil to reach 10-MT refining capacity this fiscal
• Rupee dips to 2-month low at 66.80 vs US dollar
• Sebi to implement upgraded risk management system soon
• L&T Finance may sell stake in MF business
• Debt instruments: more investment options for FPIs
• Aurobindo Pharma gets USFDA nod for anaesthetic injection
• Wholesale inflation turns positive; 0.34% in April
• NTPC, Coal India to revive Fertiliser Corporation plants
• Bo B to strengthen balance sheet, focus on reducing net NPAs to below 3%
• Warren Buffett’s Berkshire Hathaway took $1.07 billion stake in Apple in first quarter

• China’s Fosun bids to buy India’s Gland Pharma
• Iron ore, steel rise on signs of property recovery in China
• Pfizer to buy Anacor Pharma in $5.2 billion deal
• Arun Jaitley hopes bad loans situation will improve in coming months
• Sensex closes 164 points up, Nifty settles at 7,860;
• Trading in gold bonds to begin by month end: FinMin
• Monsoon delay not to affect crop sowing, says IMD chief
• Sebi urged to scrap commission disclosure rule
• Adani Power shuts 2,640 mw units at Tiroda plant

Today’s Wealth Mantra !

“Anyone who is not investing now is missing a tremendous opportunity.”
― Carlos Slim

Morning Business News :

• No free ride for quasi equity in Mauritius pact
• India seeks to pay $6.5B to Iran for oil imports
• P-Notes: Foreign investors fine with key Sebi proposals
• April this year was hottest on record, finds NASA
• Precision tool to get speed on e-commerce profit road
• Sebi readies dividend distribution policy for top 500 firms
• ‘Brexit’ can open up opportunities for India: Report
• EPFO may invest over Rs 6,000 cr in equity market in 2016-17
• Stock market turnover slides 43% in Jan-April this year
• Coal India to offer 79 million tonnes coal for e-auction
• Global investors return to gold ETFs
• Govt to reward departments for going paperless
• ‘New products will drive growth at Dr Reddy’s’
• India using buying power to beat down crude oil prices
• Sebi planning to tighten listing norms
• G7 to take steps on global steel glut-draft
• Amazon reveals it owns indirect minority stake in India third-party seller

• SAIL lines up Rs6,000 crore capital expenditure for FY17
• Overseas investors sell Rs 178 crore worth shares in 2 weeks
• Centre sets into motion second phase of PMUY
• Hero Cycles files lawsuit against Avon on IPR ‘violation’
• Mother Dairy eyes Rs 10k-cr turnover in 3 years
• Retail sector to grow from $600b to $1 trillion by 2020
• Sarovar Hotels gets all set for African foray
• New tea e-auction platform set to ease pan-India trading
• Mutual funds folio count rises 4 lakh to 4.8 crore
• Piramal to acquire 4 brands of Pfizer

Today’s Wealth Mantra !

“Life is simple but if you don’t put anything into it, you won’t get anything out of it.”
― Auliq Ice

Morning Business News :

• India’s bad loan worth bigger than NZ’s economy
• US economic uncertainty should not paralyze Fed
• Gold demand in China drops 12% to 241.3 tonnes
• RBI to tighten rules for large corporate borrowers
• R-Power’s plea to mortgage Sasan coal blocks rejected
• Dividend disclosure policy may be made mandatory
• Firms with heavy debt may face credit squeeze
• April CPI rises to 5.39%; March IIP drops to 0.1%
• India, China, 3 others sign pact on tax info sharing
• CBI sends red corner notice against Mallya to Interpol
• Brexit would cost German economy up to $50 bn by end-2017
• ICICI Bank reduces its equity in UK & Canada subsidiary

• Gold price rally in Q1 best in 30 years: WGC
• Dr Reddy’s Q3 net dives 86% on Venezuelan write-off
• Govt issues draft norms for development of onshore wind power projects
• Mitsubishi unlikely to get India boost from Nissan 
• Aequs bags Airbus deal to supply engine parts 
• ECB to set up cyber attack warning system for banks
• Tiger Global gets exit option with Titan’s CaratLane deal
• Vijaya Bank Q4 profit falls 26% to Rs71.31 crore
• Lafarge India shortlists bidders for sale of assets
• Airtel volunteers to set benchmark of 1.5% for call drops
• Reliance Jio readies for commercial operations
• Sensex rallies 193 points on Bankruptcy Bill approval, Nifty settles above 7,900
• GST bill likely to be approved this year: Morgan Stanley
• Indian Railways to invest Rs 80,000 crore in laying track in next 3 years
• India’s gold demand falls 39% in Q1 to 116.5 tonnes
• GAAR to apply in case of tax treaty misuse
• Cairn extends $1.25b loan to parent by 2 yrs
• Cabinet okays proposed share market pact with UAE
• Usha eyes 30% growth through retail expansion

Today’s Wealth Mantra !

“The four most dangerous words in investing are: ‘this time it’s different.”

– Sir John Templeton

Morning Business News :

• Mauritius-type tweak for S’pore tax pact in works
• Bankruptcy bill passed by Rajya Sabha
• Iran ends free shipping of oil to India: Pradhan
• India–Mauritius treaty structurally positive for economy
• Telcos owe Rs 54,828 crore in licence, spectrum fee
• Government fixes ceiling price of 54 drug formulations
• SC strikes down Trai’s penalty on call drops
• Indirect tax collections jump 42% in April
• India to file 16 cases against US for WTO treaty violation
• Arun Jaitley asks Congress to reconsider stance on GST
• Sebi issues listing guidelines for Infra investment trusts
• Debt hurdle for Adani’s buying spree
• Mallya can’t be deported as per British laws: UK tells India
• Apex court extends Sahara chief’s parole till July 11
• Markets mature enough to take DTAA change in stride
• Create corpus to fight drought-like situations, court directs Centre
• Tata Steel said to mull transfer of UK pension to insurer
• Vodafone says II phase of 4G rollout will cover 4 new circles

• NHAI eyes AIF route to ease funding for highway projects
• Essar Power says it will make a profit in fiscal year 2017
• Sensex plunges 175 points on tax treaty with Mauritius
• Walmart sues Visa for resisting use of PIN-based transactions
• Centre virtually rules out debt waiver scheme for farmers
• Apollo Tyres Q4 net dips 20% to Rs 245 crore
• Cairn offers to pay 15% of principal amount pending tax case
• I-T dept’s PAN-Aadhaar linkage crosses 50-lakh mark
• Govt probes dumping of amoxicillin from China
• Impact of drought on economy pegged at Rs 6,50k cr
• Entrepreneurs get together to create online market
• Panama commits to automatic exchange of tax data

Today’s Wealth Mantra !

“Money is always eager and ready to work for anyone who is ready to employ it.”
― Idowu Koyenikan

Morning Business News :

• Revised Mauritius tax pact may hit overseas fund flows
• India to tax cap gains on investments from Mauritius
• Greek debt deal would end six years of darkness
• US economy to grow 2.2% in Q2: Atlanta Fed
• SoftBank’s profit drops, India investments show traction
• R Rajan floats ‘traffic signal’ like control on central bankers
• Maharashtra to soon launch Rs 1-lakh-cr projects in Mumbai
• M&As worth $3.64 bn in Apr; Jan-Apr deal tally at $12 bn
• Delhi court issues notice to Mallya on ED’s plea to withdraw his exemption
• Govt sets up panel to draft national policy on marine fishery
• Sebi to relax norms for online MF investments
• Diesel cab ban modified to ‘gradual phase-out’
• Panama Papers: 2,000 Indian links in fresh ICIJ leak
• MRPL to source petrol blend from Paradip for Karnataka 
• IRDAI gives approval to 23 cross-border reinsurers 
• India, US to discuss visa fee hike issue this week
• Govt to nominate three independent members to rate-setting committee
• R Rajan questions feasibility of ‘helicopter money’ policy
• Quikr buys beauty service provider Salosa

• JM Financial subsidiary invests in P2P lender Faircent
• BSES gets a week to resolve payment crisis with NTPC
• Saudi Aramco prepares for global expansion as IPO looms
• Govt to launch auction of 67 small oil, gas fields on 25 May
• Sensex pares initial losses, ends 84 points up on firm global cues; Nifty settles at 7,888
• Big gap in per capita income in urban and rural areas
• Govt procures 62,178 tonnes of pulses for buffer stock
• Govt unearths indirect tax evasion of Rs 50,000 cr
• Govt probes dumping of Chinese tyres
• Crop colonies to boost farm productivity mooted
• French firms eye India smart cities projects pie

Today’s Wealth Mantra !

“Money is always eager and ready to work for anyone who is ready to employ it.”
― Idowu Koyenikan

Morning Business News :

• Tata Steel takes 7 potential bids for UK assets to next stage of sale 
• Indirect tax mop up grows 41% to Rs 64,394 crore in April
• Panama Papers list of offshore companies to go live
• Debt-heavy GMR sells power stake to Malaysian utility
• Dalmia Cement takes back plea against Lafarge
• Govt not averse to giving Rajan a second term
• HUL margins up, but volume growth lowest in 5 quarters
• Govt considering low-cost housing scheme for EPFO subscribers
• Dynamic bond funds are better than short-term gilt funds
• Centre reserves 100 mn tonnes lignite from Valia mine for Gujarat
• Top China paper warns of crisis over credit-driven growth model
• R-Infra’s BSES appeals for amortisation of overdues, tariff hike in Delhi
• US trade team to visit India to discuss domestic sourcing issue 
• Indirect tax mop up grows 41% to Rs. 64,394 cr in April
• US had $1.7 bn trade deficit with India in March 
• Centre to soon roll out divestment in STC, MMTC 
• CaratLane promoters may hold up to 20% stake post Titan buyout
• Future Group to hive off furniture business as a listed entity 
• Reliance Jio may begin commercial operations in October
• LafargeHolcim to go ahead with asset sale as Dalmia withdraws plea

• Crompton Greaves appoints bankers for sale of assets
• Govt says Rs43,000 crore lies in inoperative EPF accounts
• Air India set to turn in a profit two years ahead of schedule
• Govt notifies relaxed FDI norms for ARCs
• Sensex surges 460 points on corporate earnings, US jobs report; Nifty settles at 7,866
• Vodafone challenges special audit order: HC seeks I-T Dept’s reply
• Greece passes pension, tax reform bill
• Journalists’ group to release many Panama Papers online
• Ultratech to raise FPI investment cap to 30 per cent
• Gold fails to glitter on Akshaya Tritiya
• Sugar output may shrink to 21 mt in 2016-17
• Car sales grow after 3 months in April; up 1.87%

Today’s Wealth Mantra !

“Games are won by players who focus on the playing field, not by those whose eyes are glued to the scoreboard.”
― Warren Buffett