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Evening News Roundup

Evening News Roundup

*See economy turning around; 3-5 yr rally soon: Samir Arora

*See end of QE by Q3 2014, Yellen to remain predictable: UBS

*See NPLs slowing down; bullish on pvt banks: MS

*JPM sells commods trading arm to Mercuria http://t.co/4dWYDJawlZ

*TCS at 3-month low on growth concerns, brokerages say ‘buy’

*Sebi to seek extra funds for investor programmes

*Delhi HC agrees to hear NTPC’s power pricing appeal

*CERC notice to Power Ministry in POSOCO’s Rs 894 crore income tax case

*SBT jumps as board to consider preferential, rights issue and interim dividend

*Jindal to stop buying coking coal from Australia in 3 months

*Amtek sees full-year sales at Rs 16000cr post Kuepper buy

*Polaris 52-week high up 20% on demerger of product business

*No plans to sell stake in either businesses: Polaris

*No need to be concerned about IT sector growth: Zensar

*Sponge iron prices to stay range bound till June

*Shriram City plans to raise up to Rs 200 cr via NCDs

*Alstom T&D India bags Euro 20 million order from Power Grid

*Contact Alagiri and face disciplinary action, DMK warns cadres

*Companies to spend $500 bn to deal with malware, data breach

*Ikya looks to enter IT services space

*Deal with Hospira should conclude by April: Orchid Chem

*Wipro well-placed to grow revenues & margins

*Crompton Greaves inks pact with Paraguay

*Volvo launches UD Buses in India

*IT dept raids 25 premises of United Phosphorus.

*Sun TV inks deal with YouTube and iTunes

*Tata, Adani to get legal shocks from state discoms

*BP, Niko to formally join RIL arbitration against Govt

*Banking aspirant Janalakshmi Financial plans to raise Rs 1,500-2,000 cr equity

*Expect restructuring to pick up in Q4: SBI

*Corporate houses may not get bank licences

*INDIA ELECTION COMMISSION ALLOWS RBI TO ISSUE BANK LICENSES

*Markets consolidate ahead of US Fed meet, M&M falls 3%, metals & banks shine

*India may become a water-scarce country by 2020: CDP

*Indian companies’ credit profiles improving: S&P

*Top 15 cos’ advance tax payments rise by 12%

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