Morning Business News Round Up

Ø World Bank projects India’s growth at over 6% in 2014-15.

Ø Govt expects to top $1.84 bn from spectrum auction.

Ø UK optimistic about India’s retail policy, says UKTI.

Ø India to import LNG from Mozambique: Moily.

Ø HCL Tech Q2 seen flat at Rs 1,430 crore, forex loss pegged at $23 million.

Ø Delink forest approval from wildlife plan for Gua mines: SAIL.

Ø Fiscal deficit will be contained at 4.8% of GDP: Chidambaram.

Ø Unhedged forex exposure: RBI hikes provision for banks.

Ø EOW threatens to freeze brokers’ properties.

Ø RBI to maintain status quo in next policy: experts.

Ø 41 coal block allocations likely to be cancelled: Govt.

Ø Spectrum auction: Bharti Airtel, Vodafone submit applications.

Ø No Cabinet nod needed to sell Govt stake in Axis Bank, L&T, ITC by SUUTI.

Ø Goa govt issues notification on e-auction of iron ore.

Ø Tribunal asks SEBI, RIL to spell out stand on consent norms.

Ø BoB hits overseas debt market; to raise at least $500 m.

Ø Sistema Shyam against hike in reserve price for 800 MHz band.

Ø CCEA upholds ITI quota in BSNL, MTNL telecom equipment orders.

Ø Sensex climbs to 5-week high as inflation below estimate.

Ø HCL, CSC tie up for cloud computing.

Ø Yes Bank profit rises to Rs.415 crore on strong interest income.

Ø TCI happy with Coal India dividend, but will continue with lawsuits.

Ø Glaxosmithkline Pharma likely to restore dealer margins to boost sales.

Ø HDFC Bank profit may beat estimates, says StarMine.

Ø NSEL appoints five new independent directors.

Ø PFRDA tightens rules to reduce delays in deposits.

Ø World’s ultra rich hold a fifth of their wealth in real estate.

Ø Industry urges RBI to cut interest rate as inflation dips.

Ø DRL and Galena Biopharma in strategic partnership for NeuVax.

Ø Deepak Fertilisers ventures into lifestyle business.

Ø Economy will get back to high growth path in 3 Yrs: FM.


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