Morning News Round-up:

Ø  IBM picks Surat, Allahabad & Vizag among 16 global locations for smart cities

Ø  Apax buys TPG’s 20.3% stake in Shriram City Union

Ø  Government retains 51% FDI in multi-brand retail

Ø  Alstom to supply PGCI’s gas-insulated substation

Ø  India to grow 7.5% in FY16, highest in G20: Moody’s

Ø  Crisil assigns highest corporate credit rating to NSCCL
 
Ø  El Nino confirmed over Pacific; Skymet still feels rain would be normal

Ø  April CPI Inflation at 4.87%; lowest in four months

Ø  BofA-ML, Nomura, Macquarie remain bullish on India

Ø  Dr Reddy’s Q4 net up 8% at Rs 519 cr

Ø  Govt takes away one mine from R-Power Sasan UMPP

Ø  Natco Pharma Board to consider increasing FII limit to 49%

Ø  Electricity from imported gas to cost ₹6 a unit

Ø  Camlin Fine Sciences to invest ₹190 crore in Gujarat plant

Ø  SEBI issues timeline to RInfra for Pipavav Defence open offer

Ø  IOC to hold 45% stake in Ennore LNG terminal

Ø  UCO Bank net down on Iran deposits, higher provisions 

Ø  Religare to exit from Aegon Religare Life Insurance
 
Ø  Sebi refuses to set a minimum fee for discount brokerages

Ø  DBS submits application to start subsidiary operations in India

Ø  Central Bank of India Q4 profit rises 7.3%

Ø  Jaiprakash Associates to consider merger with Jaypee Sports

Ø  Aditya Birla Retail to acquire Jubilant’s Total Superstore

Ø  Sensex crashes 630 pts to below 27,000-level on worries over reforms

Ø  Kumar Mangalam Birla led Aditya Birla buys Jubilant Industries retail business

Ø  IFC to invest $25 million in Tata Housing’s economical projects

Ø  Royal Enfield acquires UK based HarrisPerformance company