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Market News Round-up :

Market News Round-up :

*Spectrum bids cross 1 trln rupees (DNA)

* India Feb CPI inflation rises to 4-month high of 5.37% (Cogencis)

* India Jan industrial growth falls to 2.6% from 3.2% Dec (Cogencis)

* Fitch meets fin min officials; govt pitches for rating upgrade (Cogencis)

* Govt moves insurance bill in Rajya Sabha for consideration (Cogencis)

* IBA asks bks not to meddle in working of independent panel on NPAs (Cogencis)

* Modi says India to work with Mauritius to avoid abuse of tax pact (Cogencis)

* EPF seeks legal view on fin min mandate for 5% equity invest (Cogencis)

* NTPC charts 310-bln-rupee capex FY16; to take over 2 stressed asset(Cogencis)

* Goyal says no final call on Jeyankondam project revival yet (Cogencis)

* Cairn Energy to invoke India-UK pact to contest $1.6 bln tax claim (Cogencis)

* JSW Steel says Chilean step down arm looking at shut down in May (Cogencis)

* HC to hear Jayaswal Neco, Monnet Ispat plea on coal auction Mar 25(Cogencis)

* Wipro launches new Cisco application centre in Bengaluru campus (Cogencis)

* SEBI OKs Mangalore Chem open offer in 2 wk of anti-trust panel nod (Cogencis)

* IDBI to continue offering free unlimited transactions at own ATMs (Cogencis)

* DBS Bank India cuts Base Rate by 35 bps to 9.4% effective Mar 4 (Cogencis)

* Adlabs Ent cuts IPO price band to 180-215 rupees/shr vs 221-230 (Cogencis)

* Tata Power Mumbai distribution ops consumer base rises 20% Apr-Feb (Cogencis)

* Triumph Motorcycles launches Tiger motorcycle at 1.16 mln rupees (Cogencis)

* Trade minister says govt mulling rubber import tax of 25% (Cogencis)

* Food min to soon give 2 bln rupee raw sugar export sop for 2013-14 (Cogencis)

* Mawana Sugars says closed all mills in Uttar Pradesh on huge loss (Cogencis)

* FMC investigating spot-future distortion in MCX cardamom (Cogencis)

> FROM OVERSEAS
* Deutsche, Santander fail US stress test; Fed vetoes 2 bks’ capital plans (FT)

* UK trade deficit narrows sharply in Jan (BBC)

* South Korea cuts rates to record low (FT)

* German consumer prices rebound in February (BBC)

* Spanish bank makes $2.54-bln takeover bid in TSB (BBC)

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