Morning Business News

Ø Government invites bids from 9 investment bankers to sell Axis Bank stake

Ø Supreme Court directs government to furnish copies of Shah panel report

Ø Govt accords infrastructure status to MRO industry

Ø Vedanta shareholders approve Cairn share buyback

Ø Margins to come under pressure for top IT companies in Q3

Ø Removal of multi-brand retail FDI to hit investments: India nc

Ø D-St cheers weak US economic data

Ø Gujarat HC orders Adani Ports SEZ shutdown

Ø Bharti seeks to raise euro 1 bn by reopening bond issue

Ø Dec retail inflation eases to three-month low of 9.87%

Ø India keen on buying oil, LNG from Canada on long-term basis

Ø USFDA raises concerns over Ranbaxy’s Toansa plant

Ø FIIs hike stake in IT companies in Q3

Ø Coal India gets stay from paying Rs 1.7k cr penalty

Ø EPFO to hike provident fund interest rate to 8.75%

Ø TCS in 5-year deal with United Stock Exchange

Ø SEBI tightens norms for issue of participatory notes

Ø McNally Bharat arm forays into Russia

Ø Crisil downgrades Andhra Bank’s Tier-I, Tier-II bonds

Ø CCI rules out cartelisation among steel producers to hike price

Ø Delhi government opposes FDI in multi-brand retail

Ø Data protection norms in EU may hurt Indian IT sector: Nasscom

Ø MCX-SX gets shareholders’ nod for rights issue of shares

Ø Trade deficit in India to be $156 bn, CAD at $42 bn: Citigroup

Ø Government fiscal prudence supports credit ratings: Fitch

Ø Manmohan Singh pitches for nuclear power, says economic growth in India requires energy

Ø ONGC, OIL may buy 10% govt stake in IOC

Ø India net steel exporter in ’13 on slow domestic demand

Ø FIIs raise stake in BSE 500 stocks in December quarter

Ø RBI allows forward contract in all transactions

Ø Cairn India to invest Rs 3,000 cr to improve oilfield recovery

Ø Bharat Forge divests stake in Chinese JV for over Rs 175 cr