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Evening News Round-up 27-May:

*Mkts may consolidate in 6900-7500 range; bet on IT: IL&FS

*Net capital inflows to India to rise sharply in FY15: Nomura

*PSU stake sale only after considering national interest: Tomar

*More steam left in market; invest in cyclicals: UR Bhat

*Govt’s focus on execution now; mkt still attractive: Citrus

*Mkt to stay overly invested on expected reforms:Dipan Mehta

*IT sector may continue to underperform for 2 quarters: KK Mittal

*GAIL falls 8% on dismal performance in March quarter

*Jubilant Life hits 15-mnth high on Q4 nos & foreign funding

*Jignesh Shah bail plea adjourned till 2 June

*Anjani Sinha judicial custody extended till 9 June

*BSE proposes 49% stake in Indian bourses by foreign exchanges

*Tamil Nadu to withdraw power restriction from June 10

*Assocham seeks auction of all available spectrum at earliest

*Ruchi Soya expects 20% growth in turnover

*Motherson Sumi to buy wiring business of US-based firm for $65.7 million

*Improving BHEL’s performance will be a major focus: Pon Radhakrishnan

*Sebi finds large-scale violations of norms in some MF schemes

*Piramal to merge private equity with NBFC business

*L&T inks tech transfer pact with Japan Steel Works

*Bajaj Allianz Life Insurance gets AAA rating from CARE

*Nilkamal to invest Rs 60 cr in 3 yrs on capacity expansion

*Everonn Education evaluating prospects of subsidiaries

*Wockhardt says FDA inspected US unit in March quarter

*Automakers hope Modi can clear the GST hurdle

*See 20-30% growth, 12-15% margins in realty for FY15: NBCC

*Amway India CEO, William Pinckney arrested

*India Cements to merge with Trinetra Cements

*SBI expects positive govt announcements to help NPA scene

*FinMin watchful of CAD, rupee as global mkts still volatile

*Expect CAD to be in control in FY15 as well: C Rangarajan

*Sensex falls 167 pts; GAIL tanks 7%, Infosys & HDFC Bank gain

*Toyota launches all new Corolla Altis priced at Rs 11.99 lakh

*77-year-old Madras Stock Exchange gets shareholders’ nod to wind up 

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