Morning News Round Up 12 Sep 14

Ø  Foreign brokerages expect upgrade in India’s credit outlook

Ø  Indian corporates invested $1.25b overseas in August: RBI

Ø  Lucchini receives binding offer from JSW Steel

Ø  $100 billion investment likely in renewable energy in 4 years: Piyush Goyal

Ø  IMF says markets could fall if Scotland votes to leave UK

Ø  Govt to facilitate investment in inland waterways: NGadkari
 
Ø  Sebi clarifies on anchor investor, preferential issue norms

Ø  Trade unions against 10% divestment in Coal India

Ø  Sebi pulls up BSE for lapses in NMDC divestment

Ø  Sun Pharma seeks shareholders’ nod for Rs 12,000-cr QIP

Ø  Karnataka’s new industrial policy targets Rs 5 lakh cr investment

Ø  Bank of Rajasthan shareholders to move HC against Sebi

Ø  Global food prices decline to four-year low in August: FAO 

Ø  US bankruptcy court approves PSL subsidiaries sale 

Ø  Rating agencies likely to upgrade outlook for India: BofA-ML
 
Ø  Glass makers in Gujarat cry foul as GAIL to cut gas supplies 

Ø  Sagar Cements to buy BMM Group’s cement business

Ø  India’s pharma sector remains a challenge for new entrepreneurs      
 
Ø  Investors eye megamerger between HDFC and HDFC Bank for top returns

Ø  NSEL refutes FMC charges on slow recovery process

Ø  Govt may extend excise duty concessions to auto sector

Ø  Nabard launches Rs5,000 cr fund to push agri investments

Ø  Jharkhand orders closure of 12 iron ore mines due to lease expire

Ø  Japan’s Daido Steel to buy 10% stake in Sunflag Iron and Steel

Ø  Mutual Funds exposure to bank stocks hits record high of Rs 56.6K crore

Ø  Raghuram Rajan warns of abrupt reversal of interest rates

Ø  Difficult to do business in India, says Vodafone head
 
Ø  Fed’s rate guidance on chopping block, new exit plan nears

Ø  TVS expects break even of its Indonesian arm in FY 15

Ø  Pending investor complaints against cos dip 16% in Aug

Ø  SIAM criticises CCI for imposing penalty on car companies

Ø  Ashok Leyland’s Pantnagar plant rolls out 1,00,000th vehicle