➢ RBI allows asset reconstruction co to convert debt into equity ➢ RBI moves on gold loans positive for NBFCs: Crisil ➢ ‘Bharti may raise up to $2 bn from Africa tower sale’ ➢ Government restores export incentives for cotton yarn ➢ Tata Power: Spent Rs 1,000 cr on transmission network ➢ Bharti Infratel profit rises 62 pc to Rs 411 cr in October-December ➢ Disinvestment, dividend to add Rs 55,000 cr in govt kitty ➢ Order on notes not an attempt at demonetisation: Rajan ➢ Hike in FII cap to help Axis Bank stake sale: Fitch ➢ Non-operational items curb Cairn’s profit growth ➢ RBI extends debt recast benefit to NBFCs ➢ L&T Fin Q3 net profit down 62% at Rs 109 crore ➢ MTNL, BSNL likely to offer free roaming plans from Jan 26 ➢ Biocon Q3 net up 14% at Rs 105 cr ➢ Labour cost, domestic market to drive FII in India: EY ➢ KPIT Tech shares slump nearly 14% post earnings ➢ Kirloskar Bros installs world’s largest water pumping system ➢ Amara Raja Batteries posts Rs 95-cr net profit ➢ Sensex climbs to record; L&T, HDFC gain on earnings ➢ Novartis net profit drops 50% to Rs.15.2 crore ➢ Dish TV reports net loss of Rs.38.2 crore in Q3 ➢ Essar Ports net profit up 4% at Rs.94 crore ➢ New NBFC loan recast norms carry 5% provision clause ➢ Jhunjhunwala’s Rare Enterprises buys Rs 11.50-cr Radico shares ➢ Allow legitimate mining to eradicate poverty: Anil Agarwal ➢ SBICAP invokes pledge of 11.55 cr shares in KFA ➢ India to create 100m jobs in manufacturing sector: Sharma ➢ Coal availability key to rise in power generation in FY15′ ➢ Pushing Sebi Bill, Chidambaram writes to Lok Sabha speaker ➢ Tata Chem to focus on farm, consumer product businesses ➢ Unichem Lab gets USFDA nod for Metronidazole tablets
Morning News SnapShot
January 24, 2014