Evening News Round-up 7-May:

*UBS downgrades Infosys, cuts target; stock under pressure

*Kora says good time for investing in India; suggests buys

*Massive value opportunity for investors in India: PRUMF

*China’s Alibaba files in US for what maybe biggest tech IPO

*Rolls-Royce to sell energy gas turbine, compressor business to Siemens

*BlackBerry to sell its Canadian real estate for $ 278 million

*DGCA sets new aircraft tracking rules after MH370 disappearance

*Lupin Q4 net jumps 36%, revenue up 20%

*Syndicate Bank net profit dips 31% to Rs 409 cr in Q4

*Kajaria Ceramics Q4 net up 37% at Rs 42.11 cr

*Hindustan Media Ventures Q4 net profit up 20%

*Allahabad Bank dips post Q4 results

*Central banks unlikely to raise rates soon: AMP Cap

*Don’t levy penalty on inoperative bank accounts: IndusInd

*New norms positive for commodity mkt in long-term: Ex-BSE chief

*Sistema’s India unit seeks foreign investment limit hike

*Airbus A-380s to start flying in and out of India from May 30

*FII investment in debt seen picking up post-election outcome

*Srei Infra plans to raise Rs 600 cr in FY15 through retail bonds

*Rahul is a merchant of lies, says BJP after report praises Gujarat

*India exports wheat worth Rs 2,590 cr

*Growth rate should be oriented towards productive activities: Salehuddin Ahmed

*Commerce ministry never praised Gujarat model: Anand Sharma

*Ambit of focused export schemes may not be widened

*IRB Infra bags Rs 2,300 cr road project in Haryana

*See no major impact from RBI diktat on dormant a/cs: SBI

*Air solutions biz revenue slipped in Q4: Ingersoll Rand

*Gold likely to reach 4-year low in 2014: Metals Focus

*CMIE sees sharp rise in projects getting abandoned/stalled

*Sistema’s India unit seeks foreign investment limit hike

*Sensex, Nifty lose 1%; Infosys & HDFC fall 3%, SBI gains

*FinMin likely to extend auto excise cuts beyond June