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Morning News Round-up:

Ø  S&P: India’s sovereign credit metrics weak; government’s execution of reforms critical

Ø  World Bank tells govt not to interfere in power sector

Ø  HSBC gets summons from tax deptt; fears significant fines

Ø  Slump in oil prices can help improve finances: RBI

Ø  ADB signs $400 million loan pacts with India

Ø  Foreign investors need RBI nod to buy more shares

Ø  Wipro to build enterprise infra in Andhra Pradesh
 
Ø  Financial, spending reforms top govt’s economic agenda

Ø  India largest growing economy; promising future awaits us: President

Ø  India’s ratings hinge on how govt delivers on reforms: S&P

Ø  Banks branches to be closed on 2nd, 4th Saturdays

Ø  Telecom tariffs to go down as Trai cuts call connect charge

Ø  New land acquisition law to benefit more farmers: Govt

Ø  IRDA gives nod for Rs 1,500-crore nuclear liability pool

Ø  South Africa keen on enhancing trade ties with India

Ø  USFDA expresses concern over conformity norms of Lupin’s Indore unit

Ø  Essar Steel Algoma posts $21-mn net income in Oct-Dec 

Ø  Tata Power ties up with Siberian coal company 

Ø  Crompton Greaves bags $20-mn order from Indonesia

Ø  Edelweiss arm’s Rs400-cr rights issue opens on Feb 26 
 
Ø  Inflation at record low due to decisive measures: Pranab Mukherjee

Ø  Shanghvi family to give up to $610 million security for Suzlon

Ø  Dial sells 26% stake in Delhi airport cargo company to IDFC Alternatives

Ø  Modi bets on GM crops for India’s second green revolution

Ø  Two education bills likely in budget session

Ø  Reliance Industries, Essar stocks take a beating amid ‘espionage’ scandal

Ø  Petroleum docs leak case: Mysterious ‘fire’ at Prayas Jain’s office destroys files

Ø  Kotak Mahindra, ING shares rise as merger deal gets CCI nod

Ø  Holcim-Lafarge asked to divest assets in eastern India by CCI

Ø  Apple to invest 1.7bn euros in Ireland, Denmark data centres
 
Ø  Govt committed to effectively deal with black money: Pranab

Ø  Life insurance players seek deduction limit concessions

Ø  State-owned bank workers call off strike after pay deal

Ø  FIIs place bids worth Rs 1,995 crore for govt bonds

Ø  New accounting norms to impact financial statement reporting

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