Morning News Round-up:

Ø  Australia, New Zealand bat for FDI in Indian e-comm

Ø  India scraps duty benefits for defence PSUs

Ø  Reliance Industries sells 49.9% stake in US JV for $1.07 bn 

Ø  India exports textiles, clothing worth $41.4 bn in 2014-15

Ø  Core sector output dips 0.4% in April, against 5.7% rise in the same period a year ago

Ø  Intel to buy Altera for $16.7 bn to boost data biz

Ø  Lupin, Cipla bid for UCB’s US generic drugs portfolio

Ø  RIL, Pioneer sell shale gas asset for $2.15 billion

Ø  Amtek Auto buys Japan’s Asahi Tec

Ø  Maruti Suzuki, Tata Motors dominate May car sales

Ø  Bayer CropScience buys vegetable seed firm SeedWorks India

Ø  Troy Corp acquires Ashland’s industrial biocides assets

Ø  Bharti Group surpasses Sun Pharma Group in market capitalisation

Ø  Tyre manufacturers want action against dumping of radials 

Ø  RBI directive on pay package for non-executive directors 

Ø  Foreign investment limit raised to 40% in Adani Ports & SEZ

Ø  BHEL, TS Genco sign up for 4000 MW Yadagiri Thermal Project

Ø   Dumping duty imposed on ‘electronic calculators’ imported from China 

Ø  Sun Pharma drops most since 2009 on Q4 results

Ø  SC stays Rajasthan HC order to uninstall Reliance Jio towers in Jaipur

Ø  Unions of SBI associate banks call for strike on 4 and 24 June

Ø  Jet Airways offers up to 30% discount on international fares from 1-4 June

Ø  EIH Q4 net profit rises 31%; company plans expansion

Ø   Infrastructure sector output shrinks 0.4 pct in April

Ø  Mahindra & Mahindra auto sales down 3%

Ø  HDFC Mutual Fund remains most profitable fund house

Ø  Gold, silver slip on sluggish buying, global cues

Ø  FPIs pull out Rs 14K-cr in May; 1st net outflows in 2 years

Ø  Tata Motors eyes to ramp up CV business in South

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