Morning News Round Up :
➢ Book on high-speed trading becomes talk of Wall St
➢ US suit alleges 12 banks colluded in huge forex mkt
➢ World Bank to double lending to emerging economies
➢ DTC draft retains exemption limit; proposes 35% super-rich tax
➢ Aurobindo completes acquisition of select Actavis operations
➢ FPIs can’t buy G-secs with maturity of less than 1 year: RBI
➢ RBI keeps rates unchanged in its first bi-monthly review
➢ Poll Panel approves hike in fixed cost of urea by Rs 350/PT
➢ Rajan warns of turmoil in markets if polls deliver unstable govt
➢ RBI proposes removal of minimum balance penalty by banks
➢ RBI allows foreign investors to hedge currency risks
➢ Nissan Motor India posts over 3-fold jump in March sales Business Line
➢ Window for differential bank licence soon: Rajan
➢ Infosys rated as strong performer in software development services
➢ SEBI initiates proceedings against entities in ponzi schemes
➢ Securitised debt, OTC trades to be reported within 15 minutes
➢ Natco shares dive 14% on US SC’s move on Copaxone
➢ RBI can issue new bank licences: Election Commission
➢ Tata Steel said to hedge risks to protect against rupee swings
➢ US to accept H-1B visa applications from Tuesday
➢ ADB trims India’s 2014-15 growth forecast to 5.5%
➢ Axis Bank’s foreign shareholding crosses 49% limit
➢ US firms hold record $1.64 tr in cash with Apple in lead Financial Express
➢ BSE Sensex ends marginally higher after a ‘cautious’ RBI policy
➢ NSE okays United Spirits deal to sell Tamil Nadu distillery
➢ Educomp Solutions shares up 10 pct on acquisition buzz
➢ Gammon Infrastructure-NHAI terminate concession agreements of two NHAI road projects
➢ Major economies end first quarter on weaker note
➢ RBI sets govt’s weekly WMA at Rs 35,000 cr for H1
➢ Maruti March sales dip 5.5% to 1,13,350 units
➢ RBI liberalises norms for rough diamond importsIT dept carrying out probe on gas row: Govt tells SC
➢ Ashok Leyland sales decline 27 pc in March
➢ RBI says United Bank problem one of governance, not ownership
