Morning Business News Snapshot

Ø Govt orders recovery of undue benefit from RCF on sale of P&K fertilisers

Ø FIIs can’t buy more shares in Jubilant Food: RBI

Ø Oil ministry opposes IOC stake sale at current price

Ø Tata Steel bags 2-year French rail contract

Ø India seeks South Korean investment in infra sector

Ø Banks borrowed 4,145 crore rupees via MSF on January 7

Ø RBI eases gold lending rules for NBFCs

Ø RBI formula on put option exit pricing may hit foreign PEs

Ø NSEL to soon start auction of commodities seized in NSEL case

Ø Gold imports may fall to decade-low levels

Ø Welspun to invest Rs 1,300 cr to set up solar power projects in Punjab

Ø Govt retains 100% FDI in existing pharma units

Ø Govt’s hurried FDI measures cutting no ice with investors

Ø Coal India board to meet on Jan 14 to consider interim dividend

Ø Aban Offshore Vietnam subsidiary gets letter of award

Ø SEBI issues guidelines for FPI registration with depositories

Ø Insurers allowed to invest in L&T Infra Debt Fund

Ø Coal block allotments: CBI files cases against BLA Industries, Castron

Ø Ranbaxy gets approval to market Donepezil tablets in Canada

Ø NTPC says ‘private group’ illegally mining its coal block

Ø No tie up with large foreign supermarket chain: Biyani

Ø Consumer goods makers tighten belt as slowdown’s bite worsens

Ø Cisco CEO John Chambers pegs Internet of Things as $19 trillion market

Ø IOC delay Iran imports on failure to get reinsurance

Ø Banks to pay interim dividend to help government raise funds

Ø Tata Housing Development launches Rs 2,000-cr luxury project in Mumbai

Ø Despite high-profile Ranbaxy alerts, FDA finds India okay

Ø Abolishing income-tax feasible, more research needed: Experts

Ø Huge investment no ground for not cancelling coal allocation: SC

Ø Investment spurt will ensure 5% GDP: Mayaram

Ø No decision taken in GoM’s meet on revival of BSNL, MTNL

Ø Better coordination needed to check ponzi menace: Sebi chief

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