Evening News Round up

*Asia lags US in earnings, IT can change game: BNP.

*Positive on equities, don’t bet on Sensex P/E rerating: Ambit.

*India FY15 GDP to improve to 5.3% from 4.7% in FY14: StanC.

*Indian firms need to focus on IP-led growth: KPMG.

*Yahoo! appoints Gurmit Singh MD of India operations.

*Cipla dissapoints: Pat 284 Cr Vs Exp of 375 cr; Margins 18.30% vs Exp of 22.50%.


*Apollo Tyres Q3: Net Profit at Rs.338 Cr vs Rs.181 Cr.

*Tata Steel slips 3% on net debt woes; brokerages mixed.

*Japanese stationery firm Shachihata forays into Indian market.

*JLL India’s Segregated Funds Group announces final closing of maiden fund.

*Committee to decide stake offer to Shell in Kakinada gas project.

*VST Tillers Tractors hits new high on strong Q3 results.

*Kingfisher results defy accepted accounting standards: Auditors.

*Aurobindo Pharma: Robust outlook on strong US prospects.

*Luxury hotels swap keys in India’s economic slump.

*Creating, managing IP to drive IT-BPM industry: report.

*Cisco results to reflect sales slump; investors brace for more bad news.

*3 years job wait for NMDC project affected in Chhattisgarh.

*NMDC offers RINL’s ex-CMD Choudhary full-time advisor’s post.

*CoalMin to review status of formation of SPVs.

*Muthoot Group buys resort in Costa Rica.

*GMR Infra’s net loss widens to Rs 441 cr in Dec quarter.

*Still far away from a rate reduction cycle: ICICI Bank.

*Piramal, Canada’s CPPIB form $500m realty investment fund.

*See gross margins in 2 UK govt projects around 40%: Mastek.

*Role of serendipity and Raghuram Rajan’s journey to Mint Street.

*Railway Budget: Railways targets record Rs 1.6 lakh cr revenue in FY15.

*Rail budget: Semi-high speed train, more premier trains likely.

*India dec IIP -0.6% vs -1.2% exp, India Jan CPI 8.79% vs 9.20% exp.

*India helps LinkedIn cross 50 mn userbase in Asia Pacific.

*Global cues lift Sensex 85 pts; banks lead, Tata Steel slips 4%.

*Third Front government may lead to flight of capital: Moody’s.

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