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Morning News Round-up:

Ø  Dec IIP at 1.7 per cent vs 3.8 per cent in Nov; Jan CPI at 5.11% 

Ø  Greece debt deal elusive ahead of European summit

Ø  Infosys invests $15 million in Dreamworks’ spin-off

Ø  RBI allows FIIs to invest upto 49% of paid up capital in Lupin

Ø  CBDT sets up committee to simplify tax procedures

Ø  Tata Steel buys three strip products service centres

Ø  Regulatory factors to halve Pharma sector growth to 5%
 
Ø  Ukraine, IMF in deal for $17.5 billion bailout: Lagarde

Ø  Record $1.7 bn inflows from listed foreign funds in Jan

Ø  Court cases hit coal e-auction, govt drops 5 blocks

Ø  NMCE’s auction-based forward contracts to go live on Feb 26

Ø  Govt planning special policy to boost hydel generation: Goyal

Ø  Birla, Agarwal, Jindals set to make aggressive bids for coal blocks

Ø  Petrochemical sector needs Rs. 60,000 cr for growth

Ø  Bank of India to buy 19.9% stake in YouFirst Money Express 

Ø  Fertiliser subsidy dues to cross Rs. 40,000 cr by March: FAI

Ø  Tata firms firing well in Defence, aerospace areas

Ø  Copper to get support from China’s stimulus package

Ø  SpiceJet net loss in Oct-Dec expands to Rs.275 crore 
 
Ø  Make in India: Govt receives proposals worth Rs21,000 crore

Ø  GSK Pharma to transfer cancer drug portfolio to Novartis arm

Ø  Coal India Q3 profit down 16.2% to Rs3262.49 crore

Ø  MRF December quarter profit up 80%, misses estimates

Ø  Online travel agency Expedia to buy rival Orbitz for $1.38 bn

Ø  Low oil prices won’t spur world growth: Moody’s

Ø  Call for ‘proactive’ steps in Union Budget as IIP dips, inflation rises

Ø  Global gold demand dipped by 4pc to 3,924 tonnes in 2014: World Gold Council

Hindalco Q3 net profit rises 7.5% at Rs 359 crore
 
Ø  No talks to sell stake to Mahindra: Pipavav

Ø  India, US to work together to combat terror funding

Ø  MRF Ltd Q1 net profit up 80% at Rs 323cr

Ø  I-cards cost under Aadhaar world’s cheapest, says DeitY Secretary

Ø  India Ratings maintains stable outlook for IT companies

Ø  India, Kenya to increase cooperation in agri, infra, mining

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