Stock Market News for November 13, 2013

- CPI inflation in double digits at 10.09%
- India to get back on 8 % growth trajectory: Montek
- Etihad gets CCI's clearance for $325 mn Jet Air stake buy
- Sebi assures protecting interests of MCX-SX members
- Govt to come out with more steps to attract FIIs
- Register mortgage with Central Registry:RBI to NBFCs
- French co Lactalis to acquire majority stake in Tirumala
- Sept IIP below expectations at 2%, inflation crosses 10%
- Vodafone to invest Rs 7,000 cr in India by March 2016
- NSEL fails to pay investors, defaults for 13th time
- Mauritius routed global investments into India dips to 15%
- Implementation of PFRDA Act a major task before Govt: FM
- Japan to give Rs 1,958 crore loan assistance to India
- IOB to raise Rs 1,626 cr from govt & LIC
- Rupee ends weaker for 5th consecutive day
- RCom Q2 net rises over six fold on one time gain
- Gillette India promoters fix Rs 1,650 as floor price
- Hinduja Global profit surges near four times in Q2
- Siemens PLM inks pact with Gujarat for promoting skill development centres
- Indian Oil in talks to buy Petronas’ 10% stake in Canadian gas asset
- Reliance Capital Q2 net profit drops 55%
- Sebi gives RBI a chance to clean up misselling by banks
- Omaxe Q2 net profit down 21% atRs.18.15 crore
- Lanco Infratech posts Rs.581 crore loss in Sep quarter
- NSEL promoter Jignesh Shah submits bona fides to FMC
- MCX shares tank over 10 pct on sharp fall in Q2 net profit
- Future Lifestyle exits from 2 firms, sells stake for Rs 450 cr
- Bajaj Hindusthan Q2 net loss at Rs 509.49 cr
- Decision today on relaxing FDI norms for housing
- Retail investors warm up to debt Mutual Fund
- HPCL profit dips 86% in Q2 on lower subsidy, margin drop
- India fizz to cola war: Pepsi to bring in $5.5b, Coke $5b
- GSK Pharma profit falls 34%, Pfizer net up

Read More

Today's business & economy News to be watched in the market

Government will ask Reliance Industries Ltd to relinquish 80 % of its east coast deepwater D6 gas block, including five discoveries, as the energy major has not adhered to timelines for developing the area, the oil secretary said.( ET )

Vodafone Plc said that it will bring in Rs 10,141 crore in order to increase its equity stake in Vodafone India to 100%, which would mean acquiring its two key Indian partners which include a Ajay Piramal controlled company, Analjit Singh of Max group and IDFC amongst others. Based on this deal the company will be valued at Rs 28, 469 crore.( BS )

JSW Steel is planning to raise around $600 million through external commercial borrowing (ECB) route, part of which will be mopped up in the current quarter, a top company official said.( ET )

The US government is likely to slap a fine of about $35 million (around Rs 219 crore) on Infosys, on charges of inappropriate use of visitor visa for business purposes.( BS )

TVS Motor Company is expecting that the company, on a standalone basis, would be debt free by next year. The company is also infusing a capex of Rs 200 crore this year for its new product launches, scaling up of three wheeler capacity and its joint venture with BMW.( BS )

Greaves Cotton is aiming for growth in its engine business and is rolling out new gensets for users like hotels, hospitals and shopping malls.( BS )

Rural Electrification Corp Ltd (REC) has invited bids to raise at least Rs 500 crore through an issue of five-year bonds.REC is expected to be followed by Power Finance Corp and other regular issuers after the RBI stuck to script with a widelyexpected 25 basis points repo rate hike and a similar cut in marginal standing facility rate.( BS )

The Department of Telecommunications (DoT) is likely to take a decision on on spectrum base price for the third round of auction next week. The auction is scheduled for January 8, 2014.( BS )

Read More

BUSINESS & ECONOMY NEWS FOR OCTOBER 28, 2013

BUSINESS & ECONOMY NEWS FOR OCTOBER 28, 2013

-Need for expert committee to review corporate governance norms: SCOPE
-Fed to hold its fire, wants clearer economic view
-Walmart resumes US lobbying on FDI in India
-India's participation in CHOGM will attract investments: Union Minister
-LIC buys scrips worth Rs 14,500 cr in 15 Sensex cos
-Coalgate: Rs 145k cr stuck on projs linked to blocks
-RBI may hike interest rate, MSF rate cut likely
-RBI policy, Fed moves & results to set market trend
-Vodafone India to invest Rs 4,000-6,000 cr annually
-NHPC to buy back govt shares, exchequer may get Rs 2K cr
-Coca-Cola committed to $5 bn investment in India
-LIC Nomura MF keen on acquisitions to fuel growth
-RBI queries applicants, regulators on new bank licences
-SBI invests in Equifax India, to get board seat in joint venture
-Crowdfunding, investment schemes promoted via social media under SEBI lens
-FIIs invest Rs 12K cr in stock market in Oct
-Spot pepper seen heading towards Rs 500/kg on tight supply
-Commexes turnover dive 60% in first half of Oct
-Petronet hires 4th LNG tanker from SCI-Japanese consortia
-Reliance Infrastructure plans to sell road projects to pare debt
-GAIL’s subsidy capped, Q2 profit down 7%
-Neyveli Lignite Sep quarter net falls 28% toRs.240 cr
-SpiceJet plans gradual global expansion
-Bharat Forge: overseas markets steal the show
-Market capitalisation: 8 bluechips lose Rs 45,061 cr in mkt valuation, ITC hit most
-Gold, silver prices jump on Diwali buying, global cues
-Jaypee pushes for new contract, wants to take F1 lap beyond 2016
-India needs Rs 1.63 lakh cr investment in healthcare by 2017: Report
-Double penalty on RIL to impact investment climate: Plan Panel
-UK regulatory curbs to cost Wockhardt £9 million in sales

Read More

Important Business & Economy News for October 22, 2013

TCS wins multi-million contract in Germany

Radico Khaitan to hive off IMFL business ahead of stake sale

NSEL crisis: EOW to attach properties of accused

NHPC board to consider share buyback this week

Tata Steel to supply Britain's rail network for 5 more years

Installment under reverse mortgage scheme to be tax free

Govt hopeful of privatising six airports before LS polls

Tax bills pile up on Vodafone's account

Federal Bank to raise over $100 million

Revenues for institutional brokerages may shrink for third year in a row

DPs body may intervene in favour of NSEL e-series investors

Investments through P-Notes hit 10-month high at Rs 1.71-lakh cr

SEBI amends disclosure norms for pledged shares

Hunt begins for MCX, MCX-SX top brass

WDM witnesses trade worth Rs 2,378.34 cr on NSE

Motherson Sumi to consider bonus issue

Most States oppose inclusion of petrol, liquor under GST

HDFC profit at Rs.1,266 crore, in line with estimates

ONGC interested in exploring oil and gas in Arctic offshore

Canadian pension funds show interest in India’s proposed infra trust funds

Reliance Life Sciences enters anti-cancer market

India’s sugar production falls 4.5%

Cabinet eases policy for telecom equipment procurement

Asian Paints Q2 profit up 37 pct at Rs 326.84 cr

L&T Infotech eyes Polaris Financial Technology's services biz in $400 mn deal

Zee Entertainment Q2 profit jumps 26% to Rs 236.31 crore

Banks replace IT as key drivers of Indian shares

Whirlpool Q2 net profit declines 41.72% to Rs 16.54 cr

BHP gives up nine oil & gas exploration blocks in India

Pratibha Industries bags Rs 322 cr order from Rajasthan govt

MFs employ proxy firms for voting assistance

PM absolutely right in allocating mine to Hindalco: Montek

Chidambaram to meet PSU bank chiefs today

Read More

Important Stock News to be watched for October 21, 2013

 US economy bruised by fiscal fight: Treasury Secretary
 Ultratech Q2 net profit dips 52 per cent to Rs 264 crore
 Subsidies for entrepreneurs in rural, urban areas: Minister
 Roadshow for Coal India stake sale likely from Monday
 India Inc strikes 113 PE deals for $2.1 billion in July-September
quarter
 Bajaj Auto 6th among top 10 bike sellers in Africa

 Capacity underutilisation to add auto cos' woes
 Sebi to frame new guidelines for research analysts
 Neyveli shortlists 18 proposals for overseas coal assets
 RIL sparkles as 9 blue-chips add Rs 59,720 cr in m-cap
 Relief for RCom, Tata Tele, as DoT says won't scrap licences
 US coal miner offers ICVL stake in three operating mines
 LIC cuts stake in Infy to 4.95%; sells Rs 3,400cr shares

 Banks well capitalised to absorb losses due to project delays:
Rajan
 Regulators widen global probe into $5-trillion a day forex
market
 PMO defends coal block allotment to Hindalco
 AP grants free ‘right of way’ for optical fibre network project
 Unitech inks Rs 1,000 cr office leasing deal with Accenture

 IT spend for banking and securities firms to grow 9.8%: Gartner
 JPMorgan in $13 billion tentative deal with FHFA
 Petronet LNG hit by low utilization levels
 Indirect tax collections up 5.1% in Apr-Sep
 Montek says current account deficit to fall below 3.8% this
fiscal

 Tata Consultancy Services making 'serious investments' in big
data, cloud, mobility
 Five years post-Lehman, top banks still face trust deficit: Survey
 PFRDA makes changes in investment guidelines for pension
fund

 Earnings, foreign fund movement to drive stock markets
 Chanda Kochhar moves up on women power list: Fortune
 17 million people jobless for more than a year, says OECD
 DCB Bank not to seek extension to dilute promoter holding
 CBI likely to file status report in coal scam on Oct 22
 Draft rules on NFRA likely this week

Read More

Business and Economy News for October 14, 2013

· Policy soon to facilitate entry of foreign banks: Rajan

· IMF chief warns against drastic US spending cuts

· Deutsche Bank pegs farm output at around 8%

· NSEL fiasco: FMC to order special audit of MCX

· Stalled PPP infrastructure projects likely to get a renegotiation

clause

· US headed toward 'dangerous moment': World Bank

· Tata Tele to seek promoter funding to bid for spectrum

· RIL thrashes expert report on KG-D6 output fall

· Results, inflation, US debt cap to set market trend

· Shutdown talks go to Senate as debt deadline nears

· UK-based Clarks Footwear to add 15 more stores

· Apollo Hospitals to invest Rs 2,000cr in 3 years, add 2,800 beds

· Rs 15K cr alumina project to come up near Mundra: Minister

· Brazil factors begin driving up global sugar prices

· Banks’ earnings likely to moderate in Q2, say analysts

· Govt ready to take difficult decisions to check deficit: FM

· A bad certificate for Wockhardt

· Eight of top 10 cos add Rs 57,934 cr in m-cap

· American firm Liberty to help OVL exploit Russian shale

reserves

· Obama, Pelosi say ‘clean’ bills needed for US debt ceiling,

restart

· Regulators oppose govt move on free foreign listing

· Apollo-Cooper deal price may increase over USW union trouble

· M&M’s Spanish venture eyes acquisitions in new regions

· No immediate plans to launch marketplace for Indian public:

Alibaba

· Bharti Airtel raises ISD rates up to 80 pct, Idea Cellular by 25 pct

· Wipro, HCL in race for Rs 1,500 cr India Posts devices project

· Idea Cellular gets unified licence for seven circles

· Indian healthcare IT market may zoom to USD 1,454 mn in

2018

· Govt, RBI on right track to address any Fed tapering

· Results, inflation, US debt cap to set stock market trend

· MFs' exposure to software stocks dips to Rs 20,284 cr

· FIIs pull out $1.2b from debt market in two weeks

· MFIs come back with transparent pricing, better data capturing

· Rubber prices to fall more on weak global demand

Read More