Evening News Round-up 22-May:


*See gold import rising to 950 MT; Re at 57/$ by ’14 end: Nomura

*Nifty won’t fall below 6800-7000; PSUs have more upside: StanC

*Move from debt to equity; IT, pharma to correct, shun FMCG: Pramerica MF

*Form factor innovation will continue to be driving force for device makers: Sandeep Aurora

*Fed begins policy exit talks, split on view of US job mkt

*Steady growth signs lift European stocks, bonds

*China HSBC flash PMI at 5-month high, but jobs weak

*IRB Infra Q4 profit falls 28%, operating margin up 550 bps

*Jyothy Laboratories Q4 net up over two-fold at Rs 29 cr

*Ramco Cements dips on disappointing Q4 results; net profit drops 61%

*Ashok  Leyland Q4 Net Sales At Rs.3,021 Cr Vs Rs.3,648.4 Cr (YoY)

*Motherson Sumi Systems Q4 profit rises 54% to Rs 302.5 cr

*DoT may seek Trai view on virtual operators again

*Power, lignite capacity to increase: NLC

*Autodesk launches 3D printing technology platform

*ZEEL forays into Thailand

*Sundaram Finance sells entire stake in CIBIL to TransUnion

*IT security spend to grow exponentially in coming years

*Titan: Improved return ratios, growth prospects factored in

*Flipkart acquires Myntra in India’s largest e-commerce deal

*Kalindee Rail declines on merger with Texmaco Rail

*Coal sector should be de-nationalised: Ex-CIL chairman

*Maruti jumps 5%, CLSA says stock may rise 107% in 3 yrs


*Biz sentiment improving; govt should resolve tax woes: HDFC

*Bajaj Auto up 3% as Egypt lifts import ban, analysts upbeat

*Gold jewellery stocks jump 5-20% as RBI relaxes norms

*Sugar mills get Rs 2,751-crore loan boost from banks

*FinMin officials shape plan to cut spending, deficit

*Sensex gains 76 pts, broader markets outperform for 5th day; Coal & Maruti top gainers

*India asks Switzerland to ratify global tax convention

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