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Morning News Round-up:

Ø  RBI to now become accountable for targeting inflation

Ø  RBI may cut interest rates as early as this week: Analysts

Ø  Mahindra & Mahindra sales fall 10% in February

Ø  EPFO considering housing scheme for subscribers

Ø  Oil falls to $61 on US dollar, Iran, supply concerns

Ø  HP to buy Wi-Fi gear maker Aruba Networks for $2.7 bn

Ø  Obama committed to denying Iran nuclear weapon: US
 
Ø  Govt drops 3 blocks from 2nd phase of auctions

Ø  Reduction in royalty fees to help source technology

Ø  FTIL opposes MCA’s petition to CLB for removal of FTIL board in court

Ø  Indian Oil suspends official for leaking information

Ø  Ashok Leyland Feb sales up 36 % at 10,762 units

Ø  Treat foreign, domestic banks on par for priority loans: RBI group

Ø  WTO members question rise in India’s sugar export sops

Ø  Suzlon’s wind farm commissioned in Uruguay

Ø  10-20% yield loss possible in rain affected wheat crop: Experts 

Ø  FDI cap on insurance raised to 49% 

Ø  FMC-SEBI merger to improve regulations: MCX

Ø  Jubilant Life gets USFDA nod for generic anti—asthma tablets
 
Ø  Indian manufacturing PMI at 5-month low in February

Ø  Govt, RBI release new monetary policy framework

Ø  Unilever acquires REN Skincare to bolster personal care division

Ø  Maruti’s domestic sales rise 8% in February

Ø  Govt to push bank reforms, may encourage mergers

Ø  FMC modifies KYC registration process in line with Sebi

Ø  Bill to replace Coal Ordinance introduced in Lok Sabha

Ø  Mukesh Ambani richest Indian for 8th yr; Bill Gates on top globally

Ø  Bajaj Auto motorcycle sales fall 21 per cent in February

Ø  India bond fall; budget raises doubts about pace of rate cuts 
 
Ø  Monetary policy to now target inflation, to be 6% by Jan 2016

Ø  Tata Motors’ sales up 10.69 pc in February

Ø  Feb Iran oil imports fall to lowest since July 2013

Ø  Ola Cabs acquires TaxiForSure in $200m deal

Ø  Jaitley’s ‘less aspiring’ fiscal consolidation strategy negative for ratings: Fitch

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