Morning News Round-up:

Ø  Holcim and Lafarge win US antitrust approval to merge

Ø  ADB should aim for annual biz of $20 bn by 2020: FM

Ø  Future Group-Bharti merger: Biyani to take control of Rs 15,000-crore new entity

Ø  ‘Vedanta’s Cairn India impairment credit negative’

Ø  3 PSU banks seek exemption from dividend payment

Ø  Maharashtra government plans to start ‘housing fund’

Ø  US factory orders post largest gain in eight months

Ø  Pawan Hans offers equity stake against Rs 131-cr loan

Ø  Oil industry wants contract admin separated from policy

Ø  SAIL, NMDC to set up ultra mega steel plant in Chhattisgarh

Ø  Railways to have a regulatory body on lines of telecom sector

Ø  Glenmark receives tentative US FDA approval for psoriasis drug

Ø  SKS Microfinance Q4 net zooms 50% to Rs 40.53 crore

Ø  Private sector beats govt to add record power capacity

Ø  Business subsidies may attract tax

Ø   Direct tax collection falls short by 14% in 2014-15

Ø  DLF to launch Rs. 3,600-cr mortgage-backed securities issue in next 2 months

Ø  BHEL commissions thermal power unit in Bihar

Ø  Ashok Leyland April sales rise 43% to 8,435 units

Ø  Unseasonal rains to impact asset quality of farm credit: India Ratings

Ø  Rajesh Exports to form subsidiary in Europe

Ø  Religare promoters Malvinder and Shivinder Singh seek to exit

Ø  Valuation of BPCL’s upstream assets faces downward revision

Ø  Aditya Birla Nuvo jumps 13%, Pantaloons up 20% on apparel business merger

Ø  Bajaj Auto sales rise 1% in April

Ø  More than 50% Jan Dhan Yojana bank A/Cs remain empty

Ø  Sensex jumps 479.28 pts to close at 27,490.59; Nifty surges 150.45 pts at 8,331.95

Ø  L&T deal key to viability of Areva’s Jaitapur nuclear plant

Ø  Gold imports up 19.5% at $34.32 billion in FY15

Ø  European Union free trade agreement talks likely to resume on PM Narendra Modi push

Ø  BSNL may take legal action against operators over dues

Ø  MF inflows in equities hit 7 year high of Rs 7,600 cr in April

Ø  L&T Infra Finance to raise Rs 300 cr via debentures

Ø  Cognizant revenue rises 20%

Ø  Balance transfer can trim burden of high cost loan

Ø  IDFC to increase provisioning for exposures

Ø  CBI looking into role of regulator in MCX IPO