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Morning News Round-up:

Morning News Round-up:

Ø  FinMin nod for tax-free bonds by railways, highways

Ø  No more quarterly guidance likely from Infy in future

Ø  Advent, Temasek set to buy Crompton’s consumer biz

Ø  RBI notifies hike in FDI cap in insurance sector to 49%

Ø  No intention to sell majority stake in TTL: Tata Motors

Ø  US crude oil stocks surge 11 mn barrels, biggest rise since 2001

Ø  DLF challenges Sebi order imposing Rs 26 crore fine

Ø  Sebi ups limit for currency derivatives trades to $15 mn

Ø  Govt allows pharma cos to hike prices of 509 essential drugs

Ø  FY16 disinvestment: REC OFS oversubscribed

Ø  44% increase in manufacturing sector losses due to illicit trade: study

Ø  RBI allows companies to issue rupee bonds abroad

Ø  Ola raises Rs 1,952 cr from DST Global, Tiger, others

Ø  US aviation regulator upgrades India’s air safety rating

Ø  Aditya Birla plans to consolidate retail biz under one roof

Ø  Aurobindo charges Natrol previous owner with financial fraud

Ø  OMCs likely to get five years licence for ethanol in AP

Ø   Income Tax collections to fall short by Rs. 9,000 cr

Ø  ONGC oil production inches upwards after a 7-year decline

Ø  Dumping duty on PVC paste imports from Norway, Mexico

Ø  Vodafone invests Rs. 150 cr in AP, Telangana

Ø  Income Tax collections to fall short by Rs. 9,000 cr  

Ø   Axis Bank cuts base rate by 20 basis points to 9.95%

Ø   Rupee closes little changed against dollar at 62.25

Ø  Sesa Sterlite gets court nod for merging subsidiary

Ø  Shell to buy BG Group for $70 billion in cash and shares

Ø  CCI receives probe report on Google anti-trust case

Ø  Deal activity rises 30% in first quarter of calendar year: GT

Ø  Big-Bang reforms not applicable to India: Chief Eco Advisor

Ø  E-commerce to cross business worth USD 16 bn in India by 2015-end

Ø  Sensex rises for 4th straight day; up 191 points

Ø  Videocon D2H lists on NASDAQ

Ø  PM Narendra Modi goes shopping for nuclear power in France, Canada

Ø  Sebi expects FMC merger to be completed in 6-12 months

Ø  Microfinance lending limit raised to Rs 1 lakh

Ø  Treat equity investment as exposure not product

Ø  RBI instructs banks to restructure farm loans

Ø  Snapdeal buys FreeCharge for $400m in mobile push

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