Evening News Round-up:

*Retail inflation to have a low 7% handle in FY15: Barclays

*Expect Nifty to cross 8000 in post-budget move: Sanju Verma

*Citigroup may pay $7 billion to resolve US mortgage probes

*Eye GST rollout, reduction in subsidies in the budget: Mark McFarland

*Rail budget is positive and in line with expectations: GE’s Nalin Jain

*BJP will get stronger under Amit Shah: Modi

*Lokpal will help CVC function independently: Govt

*Agusta case: CBI examines AP Governor Narasimhan

*Cost of doing business created ‘incentives’ for corporates: Govt

*Claris Lifesciences gains 7%, USFDA approves API plant

*Petronet LNG slips 6%, Barclays downgrades to underweight

*MCX jumps 4% post stake purchase by RJ

*ITC jumps 1.5%, Credit Suisse maintains outperform

*Marico Kaya up 5% for fifth day in a row

*Paper Products hits record high on acquisition of packaging firm

*Boeing and Emirates finalise $56 billion order for 150 777X planes

*Tektronix Communications works on Big Data for Indian telecos

*Mahindra recalls 23,000 units of Scorpio Ex variant

*SAT upholds Sebi order against FTIL

*Chinese inflation data hits world stocks

*Brent falls below $109 as Libya restarts oilfield

*UNICHEM LABS NICHE GENERICS LTD FINED EU14M

*LUPIN FINED EU40M BY EU IN PAY-TO-DELAY ANTITRUST RULING

*ONGC makes largest overseas bond sale; raises USD 2.2 bn

*IndusInd Bank meets forecast, Q1 net rises 26% to Rs 421 cr

*Domestic car sales rise 14.76% in June: SIAM

*Sensex loses 137 pts, Nifty ends below 7600 ahead of Budget

*’Economic Survey makes ‘right noises’ about reforms’

*Economic Survey says Inflation Limits Scope For RBI To Cut Rates

*Economic Survey says Need New FRBM Act With ‘Teeth’

*Economic Survey says Estimates FY15 GDP Growth At 5.4-5.9%

*Coal India needs to be restructured to raise output: Economic Survey

*GST implementation key to getting economy back on track