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Morning Business News Round up

Morning Business News Round up

Ø India hikes US govt securities holdings to $63.9 billion.

Ø Difficult days of SAIL over: Chandreshwar Verma.

Ø FIIs invest over Rs 16,000 cr in debt market.

Ø Global retailer Wal-Mart sets up new company in India.

Ø Reliance Ind surprises Street, but that may not fire up stock.

Ø Wipro Q3 profit up 27% to Rs 2,014.7 cr, beats expectation.

Ø Hedge funds’ top five currency bets for 2014.

Ø PPPAC recommends projects worth Rs 7,595 cr.

Ø Maharashtra to approve 10-20% power tariff cut on Monday.

Ø RIL says output from KG block to go up by 4 mmscmd by next year.

Ø Aurobindo to buy Actavis’ loss-making West Europe units.

Ø Higher power trading lifts PTC Q3 net.

Ø Drug regulator lets pharma firms fix own penalty.

Ø FIIs on buying spree in Dec quarter, raise stake in 187 CNX-500 stocks.

Ø Pension regulator moots up to 25% withdrawal from NPS after 10 years.

Ø US firm Weight Watchers enters India via Capital Foods .

Ø SEBI to issue fresh order in Jet-Etihad deal shortly .

Ø Insurers may be allowed to invest in public sector ETFs.

Ø Biocon’s breast cancer drug Canmab to hit markets in February.

Ø India hikes US govt securities holdings to $63.9 billion.

Ø Treasury income props up Reliance Industries’ Q3 net.

Ø Intel to reduce global workforce by 5% in 2014.

Ø ITC net profit rises 16% toRs.2,385crore.

Ø NCDEX gold contract posts Rs 322 cr volume in 2 days of launch.

Ø NSE top-ranked globally for equity trades for 2nd year in 2013.

Ø Govt may sell 5% in Bhel to other PSUs to raise Rs 2,100 cr.

Ø Prince William, Kate Middleton and Prince Harry set up firms to protect ‘brand’.

Ø Sebi to revisit policy on proprietary trading by brokers.

Ø Earnings to drive mkts, caution seen ahead of RBI policy.

Ø FIIs hike stake in 21 Sensex companies in Dec quarter.

Ø Panel considering policy on coal rejects to meet on Jan 29.

Ø LIC cuts stake in Infosys to 3.71%; sells shares.

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