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Evening News Round-up:

Evening News Round-up:

*Upgrade India to overweight, see Nifty target at 7600: Goldman

*BlueStone raises $10mn in second round of funding

*GM CEO admits company fell short in detecting faulty ignition switches

*Toyota employees union softens stand; urges management to lift lockout

*Samsung faces about Rs 70 cr alleged duty evasion charge

*Snapdeal inks pact to launch GOQii Life in India

*Orient-Express may roll into India

*Info Edge invests Rs 13.5 cr in Canvera Digital Technologies

*Private banks pip PSBs in CASA mobilisation

*India’s sugar output declines by 8%

*Financial Technologies up 5% on NBHC stake sale

*Orchid Chem up 10% on debt restructuring package approval

*Amtek India rallies on acquisition of Kuepper Group Germany

*Orchid Chemicals surges on approval of CDR package

*AstraZeneca Pharma gains as board approves delisting proposal

*Insurance firms launching mobile apps to woo customers

*Sesa Sterlite’s copper smelter to be shut for 22 days

*Natco Pharma receives tentative approval for Oseltamivir capsules from USFDA

*India to appeal against Italian court order in chopper scam

*MCX-SX shareholders in Catch-22 situation over rights issue

*Flip-flopping analysts now unanimously bullish on Maruti

*Sebi to consider legal cost recovery from penalties

*PSU bank recapitalisation: Golden share an option for govt

*SBI pays Rs 1456 cr advance tax for March quarter

*EIL board approves dividend of Rs 3.50 per share

*See improvement for sugar industry post monsoon: Manickam

*United Bank of India cuts lending rate by 0.25%

*FinMin looking at Coal India disinvestment next fiscal

*Tech Mahindra to manage end-to-end IT infrastructure for Volvo Car Group

*SAT asks Sebi for written submissions on RIL case

*Reliance Life eyes Rs 1,800 cr new business in FY14

*Sensex ends flat, midcaps outperform; Maruti leads gainers

*Polaris surges on board nod for demerger of Products biz

*Cairn Energy suspends share buyback due to tax dispute

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