Morning News Round-up:
• Capgemini Adds Muscle in US Market with $4-B IGate Buy
• Apax may Pick 20% in Shriram City Union
• EASING INVESTMENT RULES – Checks to Replace Roadblocks on China-India Road
• Jaitley Vows to Sort Out Legacy Tax Issue
• Strong Possibility of Quake in Central Himalayas: Experts
• Distinguish Error From Corruption: FM tells CBI
• Govt Urges SC to Direct CJI to be NJAC’s Part
• ISIS’ Baghdadi Dead: Radio Iran
• ICICI Beats St View, Profit Up 10%; Maruti’s On a Roll, Posts Record Rs 1,284-cr Q4 Net; Bharti Infra Q4 Net Up 18% on Rising Tenancies, Lower Costs
• Amtek Auto Closes in on Asahi Tec’s Casting and Forging Business
• RCOM May Choose Gujarat to Roll Out its 4G Services
• Nifty Slips Below 200-DMA for First Time in 15 Months
• Counterpoint – Finmin has Got this One Wrong, Funds Flee India as MAT Issue Escalates
• Savvy Traders Hit Jackpot Shorting Technology Stocks after TCS Results
• Re Slide may Dent Gilt Fund Returns
• Brokers Demand a Mechanism to Curb `Self-Trades’ on SEs
• On FDI Mission, Top Japanese Execs to Call on Modi
• OILMIN REITERATES STANCE ON CONTENTIOUS ISSUE – `Breach of Contract Provisions Led to Output Fall at RIL Block’
• Canaan Sells Entire India Portfolio to JP Morgan AMC in $200-m Deal
• Realty Cos, PE Funds may Shelve Plan to Set up REITs on MAT Fear
• FOR PROPOSED SHARE SALES – Finmin Asks PSBs to Explore Ways to Attract Investors
• Capgemini acquires IGATE for $ 4 bn in all- cash deal, IGATE valued around 15 times of Ebitda
• Benchmark indices close below crucial support levels; experts fear further slide
• It’s not rural India alone; job scheme also in distress
• Questions over Diageo silence on USL ‘ fund diversion’
• PwC caught in USL- Mallya crossfire
• Tata looks at innovation before investing
• Shree Cement buys Jaypee Cement unit for ₹ 358 crore
• SpiceJet offers discounts on travel with only hand baggage
• Government mulling panel on tax issues
• Chinese dumping hurts Indian tyre makers
• Maharashtra govt plans ordinance to amend labour laws
• ICICI Bank posts lowest profit growth in 21 quarters
• No farm loan recovery this year, says govt
• Godrej on buyout mode in Africa
• Bengal govt auctions public sector tea gardens
• ICICI Bank sees rise in profits and bad loan provisions
• Maruti Suzuki’s Q4 profits driven by higher realizations, margins, record profits, but cautious outlook
• JSW Energy profit up 86% in March quarter
• Andhra Bank Q4 profit doubles to Rs185.2 crore
• Falling cash reserves, high debt to hit RIL
• Petronet LNG under govt lens over gas purchase agreements
• Arun Jaitley plans panel for legacy tax cases
• So far, the Modi government has done nothing but talk: Jim Rogers
• Puravankara, ASK buy land for Chennai budget housing project
• R-Com seeks to raise at least $300 million through debut dollar bond sale
• PE investments in real estate up 85% in January-March period
• GST under a cloud as numbers elude NDA
• Finance, Urban Development ministries at loggerheads over ‘Smart Cities’
• Amendment Bill for GST likely to be taken up after Wednesday
• Puravankara buys 31 acres in Chennai for Rs. 110 crore
• Maruti beats expectations in Q4 on higher volumes, lower costs
• Govt hikes FDI cap in pension sector to 49%
• GDP to grow 7.7% on pick-up in consumption demand: Ind-Ra
• NSE registers surge in cash market trading volume in last 2 years
• Kaveri Seed: FIIs reach investment cap
• NSE index falls below 200-DMA for first time in 15 months
• Rupee gains 8 paise to end at 63.48 on heavy dollar selling
