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Morning News Round – up:

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Ø  South Korea to give $10 billion to India for infra

Ø  China takes $40-bn rail route to put economy on track

Ø  Essel, JA Solar JV to set up Rs 950 cr facility in India

Ø  IMF says energy subsidized by $5.3 trillion worldwide

Ø  Govt bonds over-subscribed; FIIs put in Rs 6,657-cr bids

Ø  Finance Ministry expects rating upgrade by year-end

Ø  Tata Motors to roll out all-new GenX Nano; car to be priced at Rs 2.2-2.9 lakh

Ø  Tata Steel may sell UK plant for a token amount

Ø  India, South Korea sign seven agreements

Ø  SpiceJet in talks with banks, PE firms to raise Rs 900 crore

Ø  No investor in insurance company can hold more than 10% of equity capital: IRDAI

Ø  Govt mulls linking DBT schemes to one account

Ø  FIPB to consider Kotak Bank’s FDI proposal on May 28

Ø   Sterlite Tech to spin off power biz into unlisted firm

Ø   Lupin gets more time to set up unit at Nagpur Special Economic Zone

Ø  Vijay Khetan Group to pay ₹90 cr for distressed land parcel in Mumbai 25

Ø  Russia’s Rosneft seeks to raise $200 bn

Ø  NIIT Tech picks 51% stake in Incessant Tech

Ø  Opening up capital account may be inescapable: RBI official

Ø  Power Grid gets shareholders nod to raise Rs13,000 cr in FY16

Ø  Sebi plans further easing of listing norms for start-ups

Ø  L&T Infotech considering acquisitions ahead of IPO

Ø  JSW Steel feels the pinch from declining steel prices

Ø  Coal India may drop plans to expand into power generation

Ø  Company sponsored foreign trip may not need disclosure in revised ITR

Ø  ‘Sell’ rating on HUL: Rally may end in de-rating

Ø  NSE corners 80% share in FII inflows into equities

Ø  Rs 11k-cr loan to Reliance Infra discoms could be in jeopardy

Ø  10-year benchmark govt security rises on rate cut hope

Ø  Techno Electric arm sells wind power assets

Ø  GMR Infra arm signs MoU with China’s GIIC

Ø  Suzlon bags 98mw project in Telangana

Ø  hah Committee to go into all legacy tax issues: Jaitley

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