Evening Business News

*CLSA bullish on pharma but downgrades Biocon, Ranbaxy

*Betting on largecap IT, vice industry, pharma: Axis Cap

*’Risky’ firms may need Rs 1 trillion refinancing by Mar ’15: India Ratings

*India faces ‘slow recovery year’ in 2014: Citigroup

*Worst of inflation over; don’t see rate cuts soon: ICICI Bank

*Developed mkt performance may hit emerging mkt flows: MSCI

*Verizon to launch new Nokia ‘Icon’ handset

*Apple, Samsung agree to mediation in US patent fight

*Rupee to stabilise this year after 2013 slide: Reuters poll

*Mumbai’s Tulip Star Hotel property finds no takers: Sources

*Container Corp eyes 10% revenue growth by FY14-end

*Loan book may grow 8-9% post rise in lending limit: Manappuram

*Hindustan Motors plans to demerge Chennai facility facing hurdles

*Birla Corp to take legal recourse against mine deallocation

*Compat to hear appeal against Jet-Etihad deal after 3 weeks

*Edelweiss set to raise up to Rs 500 cr via bonds

*Suven gets 3 product patents in Australia, Sri Lanka, South Korea

*Irda shifts focus to distribution

Tata-Singapore Airlines JV orders Airbus A320s: sources

*Financial Technologies extends rally, stock surges over 75% in one week

*Ranbaxy enters into licensing pact with EPIRUS Switzerland

*Tata opens fourth international nodal office in Singapore

*Domestic car sales down 4.5% in Dec: SIAM

*Rakesh Jhunjhunwala cuts stake in Lupin

*RIL starts gas production from new well in KG basin

*Fund raising via debt placement drops 11% to Rs 3 lakh cr

*FTIL may seek more time to reduce MCX-SX stake

*Coal India appeals against CCI’s Rs 1,773 crore penalty order

*Coal India may miss production target for FY14: CMD

*Government to seek foreign investment in giant, creaking rail network

*Govt exempts shipping vessel sharing pacts from CCI purview

*Sensex closes flat ahead of Infosys Q3 numbers; banks fall

*Oil Minister: EGoM defers decision on IOC divestment

*Govt’s debt structure supports current ratings: Moody’s