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Evening News Round-up 2-Apr:

Evening News Round-up 2-Apr:

*RBI move in right direction towards liberalising FDI: KPMG

*RBI move on LAF equal to 10-15 bps of tightening: Nomura

*Cautious on public banks; IT to sustain earnings growth momentum: HSBC

*See ‘accommodative policy’ by ECB tomorrow: Hans Goetti

*Gold falls for fourth day on sustained selling, global cues

*Nesselhauf to be Daimler India CV’s MD & CEO

*SC directs Samsung Chairman Lee Kun-hee to appear in court

*GM boss ‘deeply sorry’ after deadly crashes

*Lufthansa cancels 900 flights due to strike

*NMDC clocks record sales, production in FY14

*Neyveli Lignite FY14 output at 266 lakh tonnes exceeds target

*BEML: Mining recovery to provide triggers

*Kolte-Patil Developers surge on buying land parcel in Pune

*Bajaj Auto bike sales up 1.3% in March

*Bajaj aims to regain 24% market share this quarter

*IDFC, L&T Fin, IFCI up 3-6% as bank licence process firm up

*Motherson Sumi hits new high, up 8%; BoAML bullish on it

*Aurobindo at life high, buys Actavis’ Western Europe units

*More money flowing into India-dedicated funds: EPFR Global

*Hirco writes down 350 mn investment in India

*PSU banks rebound from Tuesday’s fall, Bank of Baroda hits 52-week high

*PE firms invest $2 billion via 89 deals in Q1 2014: Report

*BEML: Mining recovery to provide triggers

*Auto stocks in top gear despite weak sales

*Bharti rises 4% on CLSA report, data user base expected to reach 129 million by FY17

*Investor interest in Tata Motors DVR rises

*Axis Bank introduces new home loan product for low-income group

*Axis Bank slips 2% post RBI limits share purchases by FIIs

*SC recalls order appointing Australian judge in RIL gas case

*RIL gets $500 mn loan from Export Development Canada

*Stable govt likely to bring cheers to equity market: Survey

*Not worried about rupee overvaluation right now: Raghuram Rajan

*Bharti & SBI gainers, ITC falls 2%; Sensex up over 100 pts

*World’s largest bond fund sees $3.1bn in outflows in March

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