Ø No relevance between CRR & cheaper loans: Rajan
Ø Government forms panel for Sebi-FMC merger
Ø SBI, HDFC Bank & ICICI Bank take lead in cutting base lending rates
Ø REC stake sale tomorrow; floor price at Rs 315/share
Ø S&P downgrades Vedanta Resources Rating to ‘BB-‘
Ø RBI allows cos to sell rupee-denominated bonds in overseas markets
Ø Demand notices on FIIS not retrospective, says government
Ø Solar power cost to come down to Rs 4.50/unit by Dec
Ø Rajan holds rate; banks bow to RBI pressure
Ø Cabinet clears Bill to regulate real estate
Ø Govt may wind up BRPSE, constitute new entity for sick PSUs
Ø CCEA nod to over Rs 4K cr foreign investment in 2 pharma cos
Ø RIL’s MJ-1 discovery may hold 1.4 Tcf of gas resources
Ø 10 year old diesel vehicles and 15 year old petrol vehicles banned in NCR by green tribunal
Ø Sebi wants exchanges, others to have robust cyber security net
Ø Rural BPOs may get up to 50% subsidy
Ø HC rejects Chinese consortium’s plea; upholds contract to BHEL
Ø Dr Reddy’s files new drug application with USFDA
Ø US Fed’s moves won’t have much impact on policy stance: Rajan
Ø Govt invites foreign pension funds to pump in finance in infra sector
Ø Centre open to relaxing quality norms for procuring rain-hit wheat
Ø Essar Power generates 23% more electricity at Salaya plant
Ø CCEA approves highway projects worth Rs9,500 crore
Ø RBI eases lending norms for micro-finance companies
Ø Govt hikes DA by 6% for its employees, pensioners
Ø Adani defends Queensland mine project in Australian court
Ø HCC launches QIP issue to raise about Rs400 crore
Ø Vodafone’s $4 billion tab for airwaves endangers ratings
Ø Halliburton, Baker Hughes pull out of OVL’s Russian oil, gas fields
Ø RBI policy fails to cheer markets; Sensex ends flat
Ø Investors tap long-term debt funds on rate cut hopes
Ø Supreme Court rejects Kingfisher’s plea challenging Rs 372 cr TDS demand by I-T
Ø SpiceJet to wet lease three Boeing 737 aircraft
Ø RBI pins hope on normal monsoon; expects inflation at 4% by August
Ø No Rafale sale announcement before Modi’s visit to France: Hollande
Ø Suzuki to focus on niche bikes, eyes 5L sales in India in FY16
Ø BSE to shift 41 cos to restricted trade; NSE to move 8
Ø Wheat production likely to decline by 4-5%: Agri min
Ø Canada sells its multibillion-dollar stake in General Motors
CLSA on Cement
