Evening News Snapshot

News Round-up:
*Nifty to trade around 6500 over next 12 months: Barclays
*See growth in 4.5-5% range for next 2-3 qtrs: Nomura
*Chances of pre-election rally quite high: Udayan Mukherjee
*Rupee less prone to EM currency selloff: Reuters poll
*Fed volatility is emerging markets’ ‘poison’: Analyst
*US service sector gains velocity in January
*Power Grid Corp Q3 net profit narrows to Rs 1,042 crore
*Bank of Baroda Q3 net beats forecast, asset quality weakens
*City Union Bank Q3 net rises 4.5% to Rs 89 cr on higher NII
*Balrampur Chini reports Rs 51 crore loss in Q3
*Srei’s Q3 net profit stays flat at Rs 46.3 crore
*MRF Q3 net marginally drops to Rs 180 cr
*ACC Cement sales dip while profits merely 3.3% up
*City Union Bank 3Q net profit up 4.5%
*BHEL falls 4% on order book woes; brokerages raise concern
*SAIL, Sasan and others assure 41MT of coal output in FY14
*Leading power utilities stay away from EoI for distribution licence in Mumbai
*Himachal’s economy secured at 6.2 percent this fiscal
*New consumer protection norms by March: FMC
*Global body seeks regulatory checks on crowdfunding investment
*India offers to provide Buyer’s Credit of $100 mn to Namibia
*Eyeing Rs 1600cr revenue from Pune project: Kolte-Patil
*Jet up 11% as Etihad gets CCI nod to buy stake in co’s unit
*Maruti launches ‘Celerio’ model priced upto Rs 4.96 lakh
*BMW launches four new cars at Auto Expo 2014
*Myntra raises $50 mn from Premji Invest
*Mahindra unveils electric sports car Halo
*Anil Ambani-owned Delhi power firms take NTPC to court over power supply cut
*Urea price hike possible only after polls: India Ratings
*FMCG & auto stocks gain; Sensex, Nifty end flat
*ACC declares final dividend of Rs 19/share
*GAIL declares Rs 4.5 interim dividend for FY14
*Big Pharma pushes for US action against India on drugs

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