Business & Economy News for October 15, 2013

· Reliance net up a tad at 1.5%

· TCS shares at all-time high ahead of Q2 results

· FinMin wants to raise revenue through 3G auctions to tame

CAD

· Cairn wants to squeeze the last drop out of Barmer

· Bajaj Corp Q2 net down 6.22% at Rs 36.01 cr

· RIL first Indian firm to clock Rs 1-lakh-cr sales in a quarter

· In a first for a PSU, IOC buys 1 mn barrels of crude from Sterling

Oil's Nigerian fields

· ONGC's foreign arm to acquire 12% stake in Brazil block

· Tech Mahindra goes for growth by acquisition

· Reliance Retail sales up 31% in Q2

· IndusInd Bank net rises 32% on high interest, fee incomes

· India inflation rises to 7-month high

· Fortis to sell Quality Healthcare to Bupa for $355 mn

· Weak earnings outlook for capital goods companies

· NTPC plans to set up new mining unit for fuel security

· Reliance Infra to enter Nifty Midcap 50

· Nomura Singapore buys 11.74 lakh shares of Karnataka Bank

· CPI inflation quickens to 9.84% in September: Government

Data

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BUSINESS & ECONOMY NEWS FOR OCTOBER 10, 2013

 RIL may retain $10-bn oil fields; Ministry to seek nod

 Govt rejects IMF projections on economic growth

 Rs2,060cr set as spectrum fee for cancelled licences

 President Obama has power to avoid default

 HDFC MF emerges as most profitable fund house

 RBI explores SMS-based mobile banking on all types of

handsets

 Tata Steel may sell assets worth $1.2 bn

 Priority for NBFCs in bank licences: Chakrabarty

 Sebi allows SME listing without IPO

 Credit card loans are fine if done transparently: RBI

 Investors cheer Sept trade data, Sensex regains 20k

 Tourism industry welcomes easing of visa norms

 Yellen set to become US Fed chairman, markets relieved

 Bengal Govt opens IOC’s bid for Haldia Petro

 Cabinet to consider additional penalty on Reliance Ind

 Mutual funds’ exposure to bank stocks hits 4-year low of Rs

22,744 cr

 Stockists’ buying, festival demand heat up edible oils

 Govt mulls customs duty hike on broadband equipment

 LPG price may go up by Rs 3.50 a cylinder

 Mauritius may tighten rules for firms seeking India tax treaty

benefits

 SBI cuts lending rate on car loans to 10.55%

 FDA plans surprise inspections at Indian drug units

 No plan to relax 30% local sourcing norm for retailers: DIPP

 Commodity prices wrong as often as 27% of time for traders

 Jet-Etihad deal: Supreme Court admits PIL, issues notices

 Bharti Walmart retail JV in India terminated

 Trade deficit in India falls to 30-month low

 Discoms get cold feet over tariff hike proposal for Mundra

UMPP

 Exports rise 11.15% in September

 India, emerging economies may not return to 8% growth: IMF

 Indian IT outsourcers want a bigger byte out of Europe

 Yet to hear from govt on HZL, Balco stake sale: Vedanta

 US shutdown not to hit India's exports: Rao

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Business & Economy News for October 8, 2013

For more Live news watch: http://www.e-sale.co.in

 

US open to short-term hike in debt limit

World must ready defences over US debt crisis

Vodafone seeks nod to up stake in Indian arm for Rs 16,600 cr:

Sources

RCom offers 84% cut on call tariff to S Arabia

Old telcos may be asked to pay more for spectrum

Govt must tackle higher subsidy spending soon: FM

RIL vs IOC in Haldia PetChem

Arundhati Bhattacharya takes charge at State Bank

World Bank cuts China, East Asia growth forecasts

Apollo-Cooper deal may skid on valuation issue

RBI eases cash squeeze again, cuts MSF rate

HC orders FMC to verify Brinks Arya's bullion ledger

Videocon to bid for Delhi telecom circle

Foreign portfolio investors to get tax benefits similar to FIIs

Southern grid under pressure as AP power staff continue stir

Cement dispatches down 50% in AP

India-Asean trade, services pact may be inked this year

Rs 10-cr windfall for Kochi port from weak Re

FDA plans surprise inspections at Indian drug units

NSE to shift 26 stocks to restricted trade segment from 11

October

Buying fixed amount of hydro power may become mandatory

Mutual funds pull out Rs 2,800 cr from stocks in Sept

US shutdown boosts RBI chance to shore up forex cover: BofAML

Apollo Tyres accuses Cooper Tire of misrepresenting facts

about China JV

TCS market value crosses Rs 4 trillion, stock at all-time high

MF assets see sharpest drop since Dec ’10 in Sept quarter

Food security concerns need long-term solution: WTO chief

BSE files for IPO; seeks clarifications, exemptions

RIL makes surprise bid for Bengal’s 31% stake in HPL

RBI cuts MSF rate by 50 basis points

Apollo seeks better deal, says Cooper misled it

 

 

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