Morning News Round-up:
• Vedanta Knocks $3b Off Cairn Tag
• Modi Govt’s Graft Law Change Set to Cheer Babus
• Jindal, Ex-UPA Min Named in Jharkhand Mine Allocation Case
• Govt, Castleton Agree to Expedite Apex Court Hearings on Tax Row
• Govt Defends Preferential Promotion Policy for Army
• Maha to Block Profiteering From SEZ Land Sale
• Digital Payments Firm PayU Plans Rs 60-cr Advertising Campaign
• Japanese-led Firms Find Value in India’s Growth Story Now
• Infy Chief Ropes in Another SAP Hand for `Design’ Push
• ISRO Moves Closer to Unveiling Indigenous Cryogenic Engine
• Cabinet Clears Evaluation Policy for Oil, Gas Finds
• LIC’s FY15 Policy Sales Income Hits a 10-yr Low
• Smart Cities Project, AMRUT Get Nod
• Punters Cash in on Dollar-Euro Play With Bets on SEs
• Irda Plans to Trim Insurers’ Exposure to BFSI
• Foreign Funds Hold on to Quality Stocks Despite Lofty Valuations
• Citi, JPMorgan, Axis & 3 Others to Manage Narayana Health’s IPO
• ONGC Videsh Seeks Tax Parity with ExxonMobil
• Industrial Licence Validity in Defence Extended to 7 Yrs
• ₹ 1 lakh crore approved for urban renewal plan
• Filipino BPO, Blackstone in final race to acquire Serco India
• Murdoch- backed PropTiger buys Makaan
• House panel: Reliance Power ineligible for 3 UMPPs, calls for probe
• NCP to oppose land ordinance in Rajya Sabha
• Gas field development rules eased; to help Reliance, ONGC
• Companies may come under Prevention of Corruption Act
• Real estate Bill introduction deferred in RS
• Cairn india: ‘₹ 20K crore tax calculated on wrong principles’
• Piramal to launch ₹ 700- cr real estate fund
• Apollo White Dental to raise ₹ 75 crore on expansion
• Peesh Venture Capital launches ₹ 60- crore fund
• Jay Robotix to raise up to $ 5 mn from Indian, Singapore firms
• HDFC Bank sells ₹ 550 crore Essar Steel loans at 40% discount
• Oil shock: one-time Rs. 20,000-crore charge pushes Vedanta deep into red
• When MNCs are deep-freezing yogurt brands, home-grown start-ups are churning it up big
• Nod for policy on testing norms for NELP discoveries
• Coal to remain main fuel: Goyal
• More time given to build houses under JNNURM
• Green signal for 100 smart cities
• Nod for Bill to manage funds from forest land transfers
• IFC, PTC India to fund renewable energy projects
• Tata Power commissions 24 MW wind farm in Gujarat
• MedPlus to tap PEs for Rs. 450 crore
• Gati posts Rs. 11 cr profit in Q4
• DSK Benelli to drive in four more super bikes
• Rallis India to be buffeted by pressures on farm front
• 56% of world’s rural population has no healthcare access: ILO
• Cisco bets on $19-trillion ‘Internet of Everything’ opportunity
• Low tender bid for wagons puts Railways in a spot
• Rs. 480-cr PNC Infratech IPO opens on May 8
• Bajaj Capital forays into investment advisory services
• Subsidiary’s dispute to have $14-m impact on NIIT Tech
• Cotton body lowers output estimate on unseasonal rain
• WhatsApp turns a trading platform for Gujarat farmers
• Pulses import surges to record 4.1 mt
• 55% of vehicles do not have third-party cover: IIB chief
• Violation of KYC norms: RBI fines BoM, Dena Bank, OBC
• Max Life to sell ULIPs online
• LVB net up 90% in fourth quarter
• Singapore Air to start premium economy class on India services
• New black-money law will give those with foreign assets six months to come clean
• Govt approves $1 trillion urbanization plan
• Temasek raises bets on Indian pharma sector
• CCEA proposes three options for testing reserves of Nelp blocks
• Govt moves forward on relief for agriculture sector
• ONGC finds ‘significant’ oil, gas in KG basin
• Japan proposes new panel for nuclear talks, firms set to invest $3 billion
• BSE, two others plan CSR platform
• Raghuram Rajan overruled advisory panel on rate cut
• Fingernail-sized pest poses most serious threat to tomato crop
• CBI charges Naveen Jindal, 14 others in coal block allocation case
• Star Plus takes the top spot in Barc’s TV ratings
• Microsoft to allow Android apps on Windows phones: report
• Fed points to softer US labour market, weak economic growth
• PropTiger.com acquires Makaan.com to create common platform
• Motherson Sumi wins mega order to supply parts to Daimler
• Govt to create single industrial relations law
• Cabinet approves bill proposing Rs38,000 crore afforestation push
• Pimco hires Ben Bernanke as senior advisor to bolster star power
• No proposals under consideration to review FDI policy on e-commerce
• RBI fines three public banks for violating norms
• Iran’s oil exports rise in April after framework nuclear accord
• Flipkart acquires mobile marketing firm Appiterate
• French firm CMA CGM buys strategic stake in LCL Logistix
• Thailand unexpectedly cuts rate after growth forecast cut
• UK election: Cameron pledges to enshrine 5-year tax freeze in law
• Gold extends gains on positive global cues, seasonal buying
• Nehru’s urban revival to get Atal’s tag now
• Naveen Jindal charge sheeted by CBI in coal scam
• NTPC ready to step into Tilaya power project
• Maharashtra to reduce industrial power tariff
• US growth stalls on trade, investment slowdown
• Dollar slides to 8 week low as US growth falls
• Funds hang up on date with 30 year debt
• Mutual fund SIP count increases 18% to 73 lakh
• Gold import surge 87% in Q1: GFMS
• Gold demand drops 9% on soft Chinese buying
• Govt nod for Rs.1000 minimum monthly pension in perpetuity
• Barclays takes extra $1.2b hit for forex settlements
• M&A delas value touch $28.6 billion in 2014
• Bharti Airtel to invest $3 billion in FY16
• Motherson gets Rs.15400 cr orders from Daimler Group
• Bajaj Auto awaiting clearance for Quadricycle
• Microsoft looks to make a case for Windows10
• Kolkata chain plans 4 star hotels for devout
• RBI members find new GDP series puzzling
• Govt eases rule for gas field development
• CCEA okays hike in sugar import duty to 40%
• Amendments to company’s law Okayed by cabinet
• NTPC was second lowest bidder for Tilaiya UMPP
