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Evening News Round Up

Evening News Round Up

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*Banks to outperform NBFCs; SBI, ICICI top bets: BofA ML

*FY15 GDP growth target at 5-5.5%, 1% higher in FY16: StanC

*Sensex may hit 31,000 in best case scenario: Ridham Desai

*Increase equity exposure now; India to get more FII funds: Udayan

*Realty check: Unoccupied houses at all time high, says JLL

*Yahoo Japan cancels $3.2 billion plan to buy eAccess

*Google Doodle celebrates invention of the Rubik’s Cube

*Evacuation of Chinese nationals from Vietnam begins

*YouTube buying game streaming startup Twitch for $1 bln

*Rajnath keen on MHA, RSS wants him to remain BJP chief

*Elections 2014: Indian real estate awaits proactive govt

*Modi talks of strengthening ties with Russia, Japan

*Jubilant Foodworks Q4 net falls 23.5%, same store sales hit

*Major respite to solar power players in Punjab

*Wheat procurement in Punjab and Haryana touches new high

*Century Textiles gains on talk Kumar Birla to acquire stake

*Odisha mining stay: SAIL has enough ore stocks to run plants

*Pfizer raises bid for AstraZeneca to $117 billion

*Tata Communications up 7%, Vodacom to buy its SA unit

*Expect 22-24% revenue growth in FY15: Arvind

*COMPAT dismisses DLF’s appeal against Rs 630 cr penalty

*DLF to challenge Compat order in Supreme Court

*Suven gets three product patents in Australia, South Korea, China

*Bhel signs pact with Indonesian firm to set up power plant

*Exchange profits cross Rs 1,000 crore in FY14

*Venus to sell Meropenem in Australia; ties up with Lupin

*SBI’s subsidiary State Bank of Bikaner & Jaipur plans to raise Rs 500 crore

*Mahindra Group’s realty arm acquires 550 acres in North Chennai

*Rupee at its strongest in 11-months, exporters hard hit

*Markets end at record highs led by cyclicals; Sensex ends 241 pts up; Coal India, BHEL rise 13-17%, TCS falls 6%

*WIPRO, TAKEDA PARTNER TO ENABLE GLOBAL IT PLATFORM

*Strong majority government at Centre is credit positive for India: Moody’s

*India’s overseas direct investments rise in April over March: RBI

*Over 500 stocks hit the upper circuit on BSE

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