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Morning News Round – up :

Morning News Round – up :

Ø  M&M, Hero Group eye 19% stake in Pipavav Defence

Ø  FTIL-NSEL merger: HC allows govt to pass final order

Ø  Govt may increase lock-in period for PPF; offer higher rate 

Ø  RIL raises $750 million from overseas bond issue

Ø  Bharti Airtel Q4 net profit surges over 135% 

Ø  Securitisation can resolve infrastructure funding issues: Moody’s
 
Ø  Budget likely to restore Customs duty on crude

Ø  Telcos’ payments banks eye Rs 14k cr of transaction fees

Ø  Tata Power swings into a profit of Rs 198 cr in Q3

Ø  Steel sector set for a major boost through PSU investment

Ø  India’s services sector expanded in Jan: PMI data

Ø  Wockhardt jumps over 4% on strong quarterly results

Ø  Tech M, NSE arms among niche bank applicants

Ø  Rajan for raising tax exemption limit from Rs. 1.5 lakh

Ø  HDFC Bank follow-on offer hits markets; to mop up around Rs. 10,000 cr 

Ø  Polman: Unilever to spend euro 100-mn by 2019 on sanitation in India

Ø  Jindal Steel reports net loss of Rs. 1,675 crore for Q3

Ø  ACE Commodity Exchange suspends launch of new contracts    
 
Ø  Fuel sales at profit not enough to offset OMCs’ inventory loss

Ø  L&T in talks with Hyundai to collaborate on LNG carriers

Ø  Govt issues details for auction of 5MHz of 3G spectrum

Ø  Sugar companies seek to restructure debt

Ø  GVK to selectively bid for new airports; seeks regulatory clarity for new projects

Ø  Cairn Plc case drags on, FM Arun Jaitley offers no cure

Ø  Vedanta Group bid for 14 coal blocks; Aditya Birla Group, Adani, Naveen Jindal group also in fray

Ø  Competition Commission pulls up builders for exploiting buyers; but lets them off
 
Ø  SpiceJet future ‘now looks secure’, says Kapoor

Ø  PGCIL mops up `2,500 cr via domestic bond issue

Ø  Andhra, Telangana get grants, tax sops

Ø  Aurobindo net falls 8% on higher material, staff costs

Ø  Canara Bank Q3 net profit rises 60% at Rs 656 crore

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