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Date: 17/09/2014
Jinping visit to redefine Indo-China ties: Bakul Dholakia
Jinping visit to redefine Indo-China ties: Bakul Dholakia  In an interview to CNBC-TV18, Bakul Dholakia, Director, Adani Institute of Infra Management spoke about the much-talked about China President‚??s visit to India and how he sees the ties between the two Asian heavyweights developing in the days ahead.
Date: 17/09/2014
IKEA to tap big India cities first, then continue expansion
Juvencio Maeztu In a chat with CNBC-TV18's Farah Bookwala Vhora, IKEA's India chief Juvencio Maeztu talks about the progress IKEA is making in India, how IKEA will tweak its business model to suit Indian preferences and how it intends to increase the USD 500 million worth of sourcing it currently does in India.
Date: 17/09/2014
IKEA to tap big India cities first, then continue expansion
Juvencio Maeztu In a chat with CNBC-TV18's Farah Bookwala Vhora, IKEA's India chief Juvencio Maeztu talks about the progress IKEA is making in India, how IKEA will tweak its business model to suit Indian preferences and how it intends to increase the USD 500 million worth of sourcing it currently does in India.
Date: 17/09/2014
Passing the baton: GMR Group's succession plan
Sajeet Manghat Over the last two years, the group has clearly demarcated functions and responsibilities among various family members. Sajeet Manghat and Gopika Gopakumar have more.
Date: 17/09/2014
Jet Airlines seeks more time to pay pilots' salary arrears
Jet Airlines seeks more time to pay pilots' salary arrears Jet Airlines seeks more time to pay pilots' salary arrears
Date: 17/09/2014
Jet Airlines seeks more time to pay pilots' salary arrears
Jet Airlines seeks more time to pay pilots' salary arrears Jet Airlines seeks more time to pay pilots' salary arrears
Date: 17/09/2014
Quikr gets USD 60 million funding
Quikr gets USD 60 million funding Tiger Global Management along with all existing investors in the company participated in the funding, Quikr said. The current investors are Kinnevik, Matrix Partners India, Nokia Growth Partners, Norwest Venture Partners, Omidyar Network, Warburg Pincus and eBay Inc.
Date: 17/09/2014
Quikr gets USD 60 million funding
Quikr gets USD 60 million funding Tiger Global Management along with all existing investors in the company participated in the funding, Quikr said. The current investors are Kinnevik, Matrix Partners India, Nokia Growth Partners, Norwest Venture Partners, Omidyar Network, Warburg Pincus and eBay Inc.
Date: 17/09/2014
NPAs turn up like a bad penny: Bankers blame new RBI norms
Gopika Gopakumar Sale of bad loans by banks to ARCs has come to a standstill. The villain, bankers and ARCs says are the new RBI rules that require ARCs to have a higher stake in the bad loans being bought. Unless banks can really drop the price at which they sell bad loans to ARCs, no deals may get done and the Q2 results could show higher NPLs.
Date: 17/09/2014
Amazon India's tax woes: NASSCOM rides to the rescue
Poornima Murali E-commerce companies are increasingly coming under the scrutiny of Indian authorities and Amazon India is the latest to feel the pressure. CNBC-TV18's Poornima Murali and Farah Bookwala Vhora report that NASSCOM is now stepping in to look into the challenges the sector faces.
Date: 17/09/2014
Regulatory uncertainty may delay RPower-Jaypee deal
Regulatory uncertainty may delay RPower-Jaypee deal In one of the biggest deals in the power space, Anil Ambani Group firm Reliance Power in July had announced that it had signed an initial agreement to acquire all the three hydroelectric power plants of Jaiprakash Associates. The deal would be worth about Rs 12,000 crore.
Date: 17/09/2014
Regulatory uncertainty may delay RPower-Jaypee deal
Regulatory uncertainty may delay RPower-Jaypee deal In one of the biggest deals in the power space, Anil Ambani Group firm Reliance Power in July had announced that it had signed an initial agreement to acquire all the three hydroelectric power plants of Jaiprakash Associates. The deal would be worth about Rs 12,000 crore.
Date: 17/09/2014
MCX can launch contracts for '15 post compliance order: FMC
Aastha Maheshwari The Forward Markets Commission (FMC) has allowed MCX to launch contracts till March but only with some riders.
Date: 17/09/2014
Starvox Electronics: Outcome of board meeting
Starvox Electronics: Outcome of board meeting Starvox Electronics in its meeting held on September 08, 2014, have approved and considered the Draft Scheme of Arrangement for Reduction of Share Capital under section 391 to 394 read with Section 100 to 104 of Companies Act 1956 and shall be subject to the approval of the Members in Court Convened Meeting and Hon'ble High Court of Gujarat.
Date: 17/09/2014
Gemmia Oiltech (India): Outcome of board meeting
Gemmia Oiltech (India): Outcome of board meeting Gemmia Oiltech (India) at its meeting held on September 17, 2014, has approved the Board has received the latest Information Memorandum from Naftogaz India Private Limited (NIPL). The Committee. headed by Mr. A. Srinivas, Director and Mr. V. Arunagiri, Director, has requested for more time to submit their proposal to the Board.
Date: 17/09/2014
Excel Castronics shifts its registered office
Excel Castronics shifts its registered office Excel Castronics has informed that the Special Resolution regarding shifting of registered office of the Company from Ahmedabad to Rajkot under section 12(5)(A) of Companies Act 2013. Consequently the new registered office address is Excel Castronics Ltd
Date: 17/09/2014
NCL Research Financial Services: Outcome of AGM (Clause 35A)
NCL Research  Financial Services: Outcome of AGM (Clause 35A) NCL Research Financial Services has informed that the 29th Annual General Meeting (AGM) of the Company was held on September 15, 2014, under (Clause 35A).
Date: 17/09/2014
Sri Adhikari Brothers Television Network: Outcome of board meeting
Sri Adhikari Brothers Television Network: Outcome of board meeting Sri Adhikari Brothers Television Network has informed that the Board of Directors of the Company at its meeting held on September 16, 2014, has appointed Mr. Rakesh Gupta as Chief Financial Officer (CFO) of the Company.
Date: 17/09/2014
'Change India' analyses reforms needed in financial sector
Anurag Jain The most important reform announced by the 100 day Modi government has been in the financial services space in terms of the Jan Dhan Yojana and the desire to give a bank account to every household in India before the flag is hoisted the next Republic Day.
Date: 17/09/2014
Sun Pharma, Merck Co Inc ink pact for Tildrakizumab
Sun Pharma, Merck  Co Inc ink pact for Tildrakizumab Under terms of the agreement, Sun Pharma will acquire worldwide rights to tildrakizumab for use in all human indications from Merck in exchange for an upfront payment of USD 80 million.
Date: 17/09/2014
Govt to help MSMEs get bank loans at cheaper rates: Mishra
Govt to help MSMEs get bank loans at cheaper rates: Mishra "To ensure this, I am meeting the senior functionaries of banking and financial institutions at Lucknow on Thursday so that a decision is taken on this front early with their concurrence which will be duly endorsed subsequently by the Reserve Bank of India, Finance Ministry and the Prime Minister's Office," the MSME Minister said.
Date: 17/09/2014
Campaigns race for votes on Scottish referendum eve
Campaigns race for votes on Scottish referendum eve Three new opinion polls published in today's papers all suggested a very narrow majority supporting staying in the UK but also showed that the undecideds could swing it either way
Date: 17/09/2014
IndiGo inks $2.6bn aircraft finance deal with ICBC
Aditya Ghosh "We have entered into memorandum of understanding (MoU) with them for possibly financing up to 30 of our airplanes. So that could be various kinds of financial solutions could be commercial lending, could be selling lease pack, could be something else. The total value could go up to USD 2.6 billion," Aditya Ghosh, President, Indigo said.
Date: 17/09/2014
Government keen to cut diesel prices by Rs 0.40-0.50/L
Nayantara Rai Sources suggest oil ministry seeks law minister's views on cutting diesel prices. Nayantara Rai joins us with more details.
Date: 17/09/2014
IndiGo agrees $2.6 bn aircraft finance deal with ICBC
IndiGo agrees $2.6 bn aircraft finance deal with ICBC Under the memorandum of understanding, ICBC will provide IndiGo, India's largest airline by market share, with financing for the planes through either a sale and lease back or commercial lending deal.
Date: 17/09/2014
Policy rate unlikely to change till fiscal-end: DB
Policy rate unlikely to change till fiscal-end: DB "The battle against inflation will continue till supply-side issues are adequately addressed. RBI would thus keep its policy rate unchanged till the end of this fiscal year with a probable action visible only in early next financial year," Dun Bradstreet India Senior Economist Arun Singh said.
Date: 17/09/2014
MFs' exposure to software stocks hits all-time high in Aug
MFs' exposure to software stocks hits all-time high in Aug In comparison, MFs had deployed Rs 27,596 crore in the shares of software companies in July. At current levels, the MF industry has the highest exposure to software sector since August 2009.
Date: 17/09/2014
From whisky to house prices: Impact of Scottish secession
From whisky to house prices: Impact of Scottish secession According a chairman of a FTSE 100 company, a Scottish vote in favour of independence could be "bad for the UK and really bad for Scotland".
Date: 17/09/2014
Sensex up 139 pts, investors cautious ahead of FOMC outcome
Sensex up 139 pts, investors cautious ahead of FOMC outcome Asian markets (except Nikkei) closed 0.5-1 percent higher following gains in US stocks as report suggested that Federal Reserve may not raise rates till June 2015 (as against expectations of rate hike sooner than anticipated earlier) and People‚??s Bank of China may inject USD 500 billion into top five banks.
Date: 17/09/2014
Diesel loss wiped out: What will FY15 subsidy look like?
Diesel loss wiped out: What will FY15 subsidy look like? For FY15, the government has forecast fuel subsidies to stand at about Rs 63,426 crore but the final figure could be less.
Date: 17/09/2014
Cairn India discovers 3 new oil fields in Rajasthan block
Cairn India discovers 3 new oil fields in Rajasthan block One of the wells is in close proximity to the company's Mangala field and it is planning fast track appraisal to commercialize the discovery, Cairn India, part of London-listed Vedanta Resources Plc , said in a statement on Wednesday.
Date: 17/09/2014
Omkar Speciality Chemicals eyes 20-25% rev growth in FY15
Omkar Speciality Chemicals eyes 20-25% rev growth in FY15 Speciality chemicals manufacturer eyes revenue growth of 20-25 percent in FY15, says CMD Pravin Herlekar, adding that the company will maintain profit after tax (PAT) margins of 7-8 percent in this fiscal, which will improve in FY16.
Date: 17/09/2014
Ex McKinsey gun to chair India's apex accreditation body
Ex McKinsey gun to chair India's apex accreditation body An autonomous body under the Department of Industrial Policy and Promotion, QCI is a joint creation by Indian industry to operate the National Accreditation Structure for conformity assessment bodies and provide accreditation in the field of education, health and quality promotion.
Date: 17/09/2014
Rain Ind sees uptick in volumes operating margins in CY15
T Srinivasa Rao In an interview to CNBC-TV18 spoke about the company's performance going forward. He said the company sees improvement in their operating margins and volumes in calendar year 2015.
Date: 17/09/2014
How Ybrant Digital plans to make most of Lycos acquisition
How Ybrant Digital plans to make most of Lycos acquisition Interestingly, share of Ybrant Digital hit a life-time low of Rs 2.53 per piece and is currently zoomed to Rs 54.90. The company has not announced any stock split, rights issue or bonus so far.
Date: 17/09/2014
Sensex up 139 pts, Nifty firm ahead of FOMC meet outcome
Sensex up 139 pts, Nifty firm ahead of FOMC meet outcome Jindal Steel fell 4 percent and Sesa Sterlite lost 2 percent. Shares of Cipla, Coal India and Gail India declined over a percent.
Date: 17/09/2014
Apollo Hospitals, AliveCor tie-up for mobile ECG device
Apollo Hospitals, AliveCor tie-up for mobile ECG device Through an exclusive collaboration agreement in India and of South Asia, Apollo Hospitals would introduce the smartphone enabled, medical grade, FDA-cleared AliveCor Heart Monitor as part of its arrhythmia screening and stroke prevention programme providing patients access to this device, it said in a statement yesterday.
Date: 17/09/2014
Apollo to buy HMSL's pharmacy stores for about Rs 146 cr
Apollo to buy HMSL's pharmacy stores for about Rs 146 cr "Apollo Hospitals Enterprise has entered into an MoU with Hetero Med Solutions Ltd for the acquisition of its retail pharmacy stores currently operated in Telengana, Andhra Pradesh and Tamilnadu," the company said in a filing to BSE.
Date: 17/09/2014
India ranks 6 in number of billionaires, home to 100
India ranks 6 in number of billionaires, home to 100 Interestingly, India has more number of billionaires than Switzerland, Hong Kong and France among others. Moreover, the country's financial capital Mumbai, with 28 billionaires is among the top 20 'billionaire cities' globally, which was topped by New York which is home to 103.
Date: 17/09/2014
Sensex, Nifty rangebound; IT supports, metals weak
Sensex, Nifty rangebound; IT supports, metals weak IT stocks are lending support to the indices with TCS, Infosys and Wipro gaining 1-2 percent each. Other gainers in the Sensex are Hero and MM. Metals are weak while Sesa Sterlite, GAIL, Cipla, Coal India and Hindalco are major laggards in the Sensex.
Date: 17/09/2014
India to produce surplus sugar for 5th straight year: ISMA
India to produce surplus sugar for 5th straight year: ISMA The south Asian country is likely to produce 25 million tonnes to 25.5 million tonnes in 2014/15 year starting Oct. 1, compared with local demand of about 23 million tonnes, the Indian Sugar Mills Association said in a statement.
Date: 17/09/2014
Sensex, Nifty, Midcap consolidate; market breadth negative
Sensex, Nifty, Midcap consolidate; market breadth negative Wipro, Infosys, Hero Motocorp, Dr Reddy's Labs, Tata Power and NMDC topped the buying list, rising 1.5-2 percent whereas Coal India, Cipla, Sesa Sterlite, Gail, ONGC, Jindal Steel and BPCL lost 1-5 percent.
Date: 17/09/2014
Nifty races towards 8000; Sensex firm; Wipro, Biocon gains
Nifty races towards 8000; Sensex firm; Wipro, Biocon gains Wipro, Infosys, Tata Power, MM and TCS are major gainers in the Sensex. Among the laggards are GAIL, Cipla, Sesa Sterlite, Tata Motors and Hindalco.
Date: 17/09/2014
Equity NAVs fell as markets slip on Fed eyed
Equity NAVs fell as markets slip on Fed eyed Equity mutual funds across categories decline as the equity benchmarks shed more than a percent as investors remained cautious ahead of FOMC‚??s two-day meet (will begin tonight).
Date: 17/09/2014
Nifty above 7950; Sun Pharma, Tata Steel, Hindalco lead
Nifty above 7950; Sun Pharma, Tata Steel, Hindalco lead Sun Pharma, Tata Steel, Hindalco Industries, Coal India and Tata Power topped the buying list, up 1-1.6 percent followed by ITC, Reliance Industries, Infosys, TCS, ICICI Bank, HDFC and State Bank of India with 0.4-0.9 percent.
Date: 17/09/2014
Sensex gains over 100pts, Nifty firm on global cues
Sensex gains over 100pts, Nifty firm on global cues Tata Power, Hindalco, LT, Tata Steel and Wipro are top gainers in the Sensex.
Date: 17/09/2014
Mkt will crack eventually, take profits: Sukhani
Sudarshan Sukhani Watch the interview of Sudarshan Sukhani, s2analytics.com with Latha Venkatesh Sonia Shenoy on CNBC-TV18, in which he shared his reading and outlook on market and specific stocks.
Date: 17/09/2014
Expect US Fed to reaffirm focus on growth: StanChart
Steve Brice Steve Brice of Standard Chartered Bank says the US economy is doing well and inflation expectation has moderated. He believes Fed will guide people in the right direction ‚?? focus on growth and any movement in interest rates is going to be gradual.
Date: 17/09/2014
Microsoft's Windows 9 event on Sept 30: What to expect
Microsoft's Windows 9 event on Sept 30: What to expect The company sent out invitations for the event which experts say will talk in broad strokes about features aimed at corporate users for the next version of Windows, which people are informally calling 'Windows 9'.
Date: 16/09/2014
ICRA pegs tyre industry to grow at 8% in 2014-15
ICRA pegs tyre industry to grow at 8% in 2014-15 The decline in natural rubber and crude oil prices would provide the requisite headroom for passing on some benefits to the consumers, it said.
Date: 16/09/2014
No plans to withdraw A380 from operations: Emirates
No plans to withdraw A380 from operations: Emirates "A380 (aircraft) is here to stay...We have the approvals from the authorities," Emirates vice president for India and Nepal, Essa Sulaiman Ahmad said in a response to a query.
Date: 16/09/2014
Voda, govt agree to extend date for choosing 3rd arbitrator
Voda, govt agree to extend date for choosing 3rd arbitrator Following arbitration notice by Vodafone in the Rs 20,000 crore tax case, the government had appointed former Chief Justice of India R C Lahoti as its arbitrator. Vodafone's arbitrator is Canadian lawyer Yves Fortier.
Date: 16/09/2014
Allahabad Bank seeks Rs 900cr capital from govt
Allahabad Bank seeks Rs 900cr capital from govt The government has budgeted only Rs 11,200 for capital infusion in public sector banks during this fiscal. Sethi further said the bank has board approval to raise Rs 320 crore from the government and a decision would be taken only if there is higher demand for credit.
Date: 16/09/2014
Apollo Tyres starts business rescue proceedings in S Africa
Apollo Tyres starts business rescue proceedings in S Africa Apollo Tyres had entered South Africa in 2006 with the acquisition of Dunlop Tires International for Rs 290 crore in an all-cash deal. However, it hasn't been able to make the best out of the business there.
Date: 16/09/2014
ITC plans to open new hotel in Sri Lanka within 5 years
YC Deveshwar Cigarettes-to-hotels major ITC is looking to set shop in Sri Lanka within the next 5 years. Besides that, he also said Indian conglomerate will open new hotels in Ahmedabad, Hyderabad, Kolkata, Amritsar, Delhi and Chennai.
Date: 16/09/2014
Apple on the brink of another 'super cycle'
Apple on the brink of another 'super cycle' Four years after Samsung, Apple has finally made its foray into the `phablet` market - a hybrid of a phone and tablet - with the launch of the 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus last week. It also unveiled the long-awaited Apple Watch, which won`t be available until 2015.
Date: 16/09/2014
FTIL opposes merger of NSEL with itself
FTIL opposes merger of NSEL with itself In a letter to BSE and NSE, FTIL said its Board is opposed to FMC's recommendations that NSEL be merged with FTIL and the government should take over management of FTIL.
Date: 16/09/2014
Peerless MF announces change in face value under 2 schemes
Peerless MF announces change in face value under 2 schemes Peerless Mutual Fund has announced change in the face value of Pearless Ultra Short Term Fund and Peerless Liquid Fund from the existing Rs 10 to Rs 1,000 per unit.
Date: 16/09/2014
LIC Nomura MF launches Capital Protection Fund Series 5
LIC Nomura MF launches Capital Protection Fund Series 5 LIC Nomura Mutual Fund has launched LIC Nomura MF Capital Protection Oriented Fund Series 5, a close ended, with the objective to achieve capital protection by investing in fixed income securities maturing on or before the tenure of the scheme and seeks capital appreciation by investing in equity and equity related instruments.
Date: 16/09/2014
DSP BlackRock MF launches Constant Maturity 10Y G-Sec Fund
DSP BlackRock MF launches Constant Maturity 10Y G-Sec Fund DSP BlackRock Mutual Fund has launched DSP BlackRock Constant Maturity 10Y G-Sec Fund, an open-ended gilt scheme with the objective to generate returns commensurate with risk from a portfolio of Government Securities with weighted average maturity of around 10 years.
Date: 16/09/2014
Infra, construction growth may remain stressed in FY15
Infra, construction growth may remain stressed in FY15 Only substantial improvements at the operational level would cause a meaningful improvement in their credit profile, given the high leverage levels and negligible cash generation ability of corporates in these sectors.
Date: 16/09/2014
Shemaroo Entertainment gets Rs 36 cr from anchor investors
Shemaroo Entertainment gets Rs 36 cr from anchor investors The company has received Rs 36 crore by issuing 21,17,605 equity shares to nine anchor investors including HDFC and Birla Sun Life funds at higher end of price band of Rs 155-170 a share.
Date: 16/09/2014
Small players to control 40% of FMCG segment by 2019:CRISIL
Small players to control 40% of FMCG segment by 2019:CRISIL According to CRISIL Ratings' analysis on FMCG space, small players are expected to control 40% of the fastest growing FMCG segment by 2019.
Date: 16/09/2014
How will REITs impact realty?
Surabhi Arora The regulatory system should be framed in such a way that it ensures the best interest of the investor, the market and the economy, while also making the instrument attractive in terms of greater yield and less risk to entice domestic and foreign investors.
Date: 16/09/2014
GHCL: Updates on outcome of AGM
GHCL: Updates on outcome of AGM GHCL has submitted a copy of the minutes of the 31st Annual General Meeting (AGM) of the Company held on August 21, 2014.
Date: 16/09/2014
PuPudumjee Industries: Disclosure of voting results of AGM (Clause 35A)
PuPudumjee Industries: Disclosure of voting results of AGM (Clause 35A) Pudumjee Industries has informed regarding the details of Voting results at the 49th Annual General Meeting of the Company held on September 15, 2014, under Clause 35A.
Date: 16/09/2014
Buy NCDEX Ref Soya Oil Oct; target of Rs 630/640: Angel
Buy NCDEX Ref Soya Oil Oct; target of Rs 630/640: Angel Angel Commodities' report on special technical report on Edible Oil. According to the research firm, one can buy NCDEX Ref Soya Oil October between Rs 580-590 with a stop loss of Rs 555 for the target price of Rs 630/640.
Date: 16/09/2014
NSEL lacks credibility; merge it with FTIL: FMC to govt
NSEL lacks credibility; merge it with FTIL: FMC to govt To ensure that FTIL takes responsibility to resolve the payment crisis at NSEL at the earliest, FMC has also suggested the government to consider taking over the management of FTIL.
Date: 16/09/2014
Efforts being taken by Modi govt in right direction: Crisil
Efforts being taken by Modi govt in right direction: Crisil Pointing out that the sector was largely unorganised, he said the ease of funding is not there. Of 100 files reaching a banks, only five are approved. There are no set benchmarks or practises, Anurag Jhanwar, director, Real Estate Ratings, Crisil said.
Date: 16/09/2014
Efforts being taken by Modi govt in right direction: Crisil
Efforts being taken by Modi govt in right direction: Crisil Pointing out that the sector was largely unorganised, he said the ease of funding is not there. Of 100 files reaching a banks, only five are approved. There are no set benchmarks or practises, Anurag Jhanwar, director, Real Estate Ratings, Crisil said.
Date: 16/09/2014
Stocks that were buzzing in trade today
Varinder Bansal CNBC-TV18s Varinder Bansal lists some of the key stocks which were buzzing in trade today.
Date: 16/09/2014
Buy GSFC; target of Rs 140: Emkay
Buy GSFC; target of Rs 140: Emkay Brokerage house Emkay Global Financial Services is bullish on Gujarat State Fertilizers Chemicals (GSFC) and has recommended buy rating on the stock with a target price of Rs 140 in its September 12, 2014 research report.
Date: 16/09/2014
Buy Zydus Wellness; target of Rs 880: Dolat Capital
Buy Zydus Wellness; target of Rs 880: Dolat Capital Dolat Capital is bullish on Zydus Wellness (ZWL) and has recommended 'Buy' rating on the stock with a target price of Rs 880 in its research report dated September 15, 2014.
Date: 16/09/2014
Expect gold prices to trade negative: Sushil Finance
Expect gold prices to trade negative: Sushil Finance Sushil Finance expects gold prices to trade on the negative note plans to raise U.S. interest rates sooner than expected and expectations for a stronger U.S. currency in the longer run likely to keep Bullion market under pressure.
Date: 16/09/2014
Prefer Motherson Sumi at around Rs 380-385: Pritesh Mehta
Pritesh Mehta Pritesh Mehta of IIFL is of the view that one may look to build positions in Motherson Sumi Systems at around Rs 380-385.
Date: 16/09/2014
Is a home affordable at Rs 35 lakh?
Vinit Deo The affordable housing challenge definitely can be conquered and is well within our reach. The only key factor is teamwork between each entity involved in creating an environment to enable the success of affordable housing in India.
Date: 16/09/2014
10-year bond yields to hover in 8.40-8.65% range: UTI AMC
Sudhir Agarwal "Dynamic bond funds also remains a good bet in an environment where we may not see a big directional move and hence these funds may try to capture any short term opportunity as and when it arises," Sudhir Agrawal, fund manager at UTI AMC said.
Date: 16/09/2014
Sensex falls 323 pts, Fed eyed; midcap snaps 11-day gains
Sensex falls 323 pts, Fed eyed; midcap snaps 11-day gains The BSE Midcap index snapped 11-day winning streak, down 3.4 percent while Smallcap index declined for the first time in last eight sessions, down 4 percent.
Date: 16/09/2014
Final norms for on tap bank licences this fiscal: RBI
Final norms for on tap bank licences this fiscal: RBI The Reserve Bank had earlier issued draft guidelines for payment and small banks and is in the process of finalising the final norms.
Date: 16/09/2014
India may be among top exporters by 2030: HSBC
India may be among top exporters by 2030: HSBC Sector-wise, pharmaceuticals, transport equipment and textiles will help accelerate overall export growth, says the report.
Date: 16/09/2014
Oil cos hold 35 paisa cut in diesel, 55 p hike in petrol
Oil cos hold 35 paisa cut in diesel, 55 p hike in petrol Under-recovery or the difference between retail price and its imported cost on diesel was 8 paisa per litre in the first half of September. The under-recovery in the second half has turned into over-recovery or profit of 35 paisa per litre.
Date: 16/09/2014
Nifty below 8000, Sensex slips 324pts; Small midcap bleed
Nifty below 8000, Sensex slips 324pts; Small  midcap bleed Bharti Airtel and Dr Reddy's Labs bucked the trend, up over a percent followed by ITC, Infosys, TCS, Sun Pharma and Hero Motocorp with 0.3-0.6 percent.
Date: 16/09/2014
Nifty slips below 8000; banks, oil, auto stocks drag
Nifty slips below 8000; banks, oil, auto stocks drag Oil, bank and auto stocks are dragging the indices. Axis Bank, ONGC, SBI, Tata Motors and Coal India are major laggards in the Sensex.
Date: 16/09/2014
Modi's speech to be beamed live at New York's Times Square
Modi's speech to be beamed live at New York's Times Square Modi is scheduled to address a 20,000 packed crowd inside the Madison Square Garden for which nearly 40,000 people had applied from across the nation. The live telecast of the speech is expected to help some of these people to listen to Modi's speech at the Times Square - another historic venue of the New York City.
Date: 16/09/2014
RBI chief Rajan says limiting reliance on foreign debt
RBI chief Rajan says limiting reliance on foreign debt Rajan's comments came at a time when foreign institutional investors have nearly exhausted their USD 25 billion allocation in government debt, leading to expectations that India would raise limits soon.
Date: 16/09/2014
Nifty holds 8000 amid pressure; midcap, smallcap outperform
Nifty holds 8000 amid pressure; midcap, smallcap outperform The BSE Midcap and Smallcap indices gained 0.2 percent and 0.6 percent, respectively. Advancers beat decliners on the Bombay Stock Exchange by a ratio of 1470 to 1163.
Date: 16/09/2014
Banks need over USD 200 bn capital in next 5 years: Fitch
Banks need over USD 200 bn capital in next 5 years: Fitch State-owned banks to account for 85 per cent of the capital requirement. As per the estimates, public sector banks require Rs 2.40 lakh crore equity capital by March 2019.
Date: 16/09/2014
Sensex, Nifty consolidate; oil stocks weak, pharma steady
Sensex, Nifty consolidate; oil stocks weak, pharma steady Oil gas stocks are taking a toll on the benchark indices. The index is down 0.8 percent. ONGC, Axis Bank, Tata Motors, Sesa Strelite and Coal India are major laggards while Dr Reddy's Labs, Sun Pharma, Bharti Airtel, Wipro and Bajaj Auto are top gainers in the Sensex.
Date: 16/09/2014
Equity Mutual Funds decline as markets slip on IIP data
Equity Mutual Funds decline as markets slip on IIP data Equity Mutual Funds ended with negative returns as the selling pressure resumed again on Monday dragging the Sensex below 27000 level dented by weak industrial output in July despite significant fall in August inflation.
Date: 16/09/2014
Nifty hangs below 8050; SBI, Wipro, Hindalco gain 1%
Nifty hangs below 8050; SBI, Wipro, Hindalco gain 1% ONGC, Tata Motors, HDFC, Axis Bank and Sesa Sterlite are major laggards in the Sensex. Among the gainers are Sun Pharma, Dr Reddy's Labs, Hindalco, Wipro and SBI.
Date: 16/09/2014
Sensex, Nifty flat; Tata Motors slips, Wipro gains strength
Sensex, Nifty flat; Tata Motors slips, Wipro gains strength Shares of BHEL, Wipro, Sun Pharma, Dr Reddy's Labs, Larsen and Toubro, NMDC, Bank of Baroda and DLF gained 0.4-1 percent while Tata Motors, Sesa Sterlite, Coal India, Hindalco, HUL, IndusInd Bank, ACC and Tata Steel fell 0.5-1 percent.
Date: 16/09/2014
As mining curbs bite, India offers mkt to glut-hit iron ore
As mining curbs bite, India offers mkt to glut-hit iron ore The country may ship in up to 45 million tonnes over the next three years as home-grown iron ore output falls short of domestic steel production needs, an executive at an influential industry group said.
Date: 16/09/2014
India tightens Vietnam defence, oil ties ahead of Xi's tour
India tightens Vietnam defence, oil ties ahead of Xi's tour India's new accords with one of China's rivals for influence in the South China Sea came as Xi visited the nearby islands of Sri Lanka and the Maldives, a reminder of the geostrategic jostling that is becoming an increasing feature in Asia.
Date: 16/09/2014
Alibaba will raise IPO range to $66 to $68: WSJ
Alibaba will raise IPO range to $66 to $68: WSJ Alibaba's executives are currently touring several major cities on the company's global roadshow. Sources say demand for the IPO, which could be the world's largest, has been strong.
Date: 15/09/2014
China premier Xi Jinping's India visit: What's on agenda?
China premier Xi Jinping's India visit: What's on agenda? The Chinese head of state will start his visit from Ahmedabad and during the course of his stay, both nations are expected to sign several deals aimed at boosting economic relations between both the nations.
Date: 15/09/2014
Infosys CEO Sikka lays blueprint for IT major's turnaround
Poornima Murali I-T service major Infosys is getting ready to fire on all cylinders in its mission to bag large deals and ramp up its BPO business. On the drawing board, is a roadmap for recovery and a capital expenditure plan that has investors watching closely reports CNBC-TV18's Poornima Murali.
Date: 15/09/2014
Insurers want rich to pay more for universal health cover
Insurers want rich to pay more for universal health cover The fact that only 20 per cent of people have health cover, out of India's 124 crore population, makes it clear that India is a hugely underpenetrated market when it comes to health cover.
Date: 15/09/2014
Insurers want rich to pay more for universal health cover
Insurers want rich to pay more for universal health cover The fact that only 20 per cent of people have health cover, out of India's 124 crore population, makes it clear that India is a hugely underpenetrated market when it comes to health cover.
Date: 15/09/2014
PM Modi takes stock of GST, Bill likely in winter session
PM Modi takes stock of GST, Bill likely in winter session The GST regime aims at subsuming most of the indirect taxes at the central as well as states' level. The UPA government in 2011 introduced a Constitution Amendment Bill in the Lok Sabha to pave the way for introduction of GST.
Date: 15/09/2014
Regulatory Impact Assessment
Regulatory Impact Assessment Regulatory Impact Assessment
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