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Morning News Round-up:

Morning News Round-up:

Ø  RBI to allow mass transit system to issue pre-paid card

Ø  Foreign funds get SEBI’s backing on MAT

Ø  Greece faces tough choices in shrinking window for aid

Ø  India needs $1 tn for new infrastructure: Sitharaman

Ø  RBI wants bank clients to hedge against commodity price risk

Ø  Vodafone sells its stake in Bharti Airtel

Ø  Not right time to list overseas arm: ONGC to govt

Ø  Tata Steel unit sale talks continue but options eyed

Ø  ONGC Q4 net down 20% on higher costs, low prices and dry well write-offs

Ø  Govt mulls ‘Korea Plus’ even as Posco’s $12-bn steel plant hangs in air

Ø  China stocks slump 6% on margin tightening

Ø  Board, shareholders cleared USL accounts: Mallya

Ø Government looking to award projects worth Rs 3.5 lakh cr in next 6 months: Gadkari

Ø  Coal India Q4 consolidated net down 4% to Rs. 4, 239 cr

Ø  NSE to launch new IRF contract on Friday

Ø  Dollar momentum wanes; Chinese stocks take heavy tumble

Ø  BASF invests Rs. 64 cr in new agri research station near Pune   

Ø  Edelweiss Tokio Life seeks FIPB nod to hike stake to 49% 

Ø  Hindalco net profit falls 36% to Rs. 160 cr 

Ø  Crompton Greaves gets bids for power business in Europe, North America, Indonesia

Ø  Avago to buy Broadcom for $37 billion in biggest chip deal

Ø  Essar Steel to monetize assets, refinance Rs15,000 crore in loans

Ø  Adani Enterprises falls 7.4% on profit-booking ahead of demerger

Ø   PFC’s net profit rises 11% to Rs 1,561 crore in Q4

Ø  TCS rated as India’s best company by Dun & Bradstreet

Ø  Reliance Infrastructure profit declines 26% to Rs 459 cr on higher finance cost

Ø  Private sector banks’ profits set to leave PSU peers behind

Ø  IDFC to sign out of Nifty tomorrow, Bosch in

Ø  Monsoon may set in earlier than expected

Ø  NCDEX launches new online platform Gold Now

Ø  Max Healthcare acquires 76% stake in Pushpanjali Crosslay

Ø  Royal Enfield unveils limited edition range of bikes, gear

Ø  CCI clears AXA raising stake in insurance JVs with Bharti

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