Morning News Round-up:

Ø  RBI cuts key rate by 0.25%; home, auto loans to become cheaper

Ø  Americans want to pop Indian drug for 1% of cost

Ø  Chinese economy faces more pain than gain this year

Ø  India, Russia witness decline in inflation among BRICS: OECD

Ø  Greece submits bailout plan, creditors say not enough

Ø  OPEC hopes for oil price recovery despite glut

Ø  ‘RIL to produce 23 mmscmd from gas finds in KG-D6’

Ø  ‘BSNL to offer free national roaming from June 15’

Ø  Emami buys Kesh King for Rs 1,651 cr

Ø  Manage food prices to contain inflation: RBI

Ø  Some new banking licences by August, says Rajan

Ø  BHEL gets largest-ever order worth Rs 18,000 cr

Ø  New H-1B visa norm to impact Indian IT firms

Ø  Petrobras and ONGC find new oil reservoir off Brazil’s Sergipe

Ø  RIL realises five times its investment from Eagle Ford Midstream sale

Ø   IMD cuts monsoon forecast to 88%; stokes drought fears

Ø  India’s first energy-efficiency venture capital fund to be launched 

Ø  Sun Pharma to distribute AstraZeneca’s cardio-drug in India 

Ø   Tea Board targets replantation on 40,000 hectares 

Ø  Nestle USA to remove artificial flavours, cut salt in some foods

Ø  SBI, Allahabad Bank, PSB cut base rate after RBI lowers repo rate

Ø  L&T sees $4 billion orders in a sign of investment revival

Ø  India’s steel consumption expected to rise 8-9% in FY16: SAIL

Ø  Power Grid plans to invest Rs22,500 crore in FY16

Ø  Telecom operators may face disincentives for call drops: Ravi Shankar Prasad

Ø   RBI’s Raghuram hints at no more rate cuts in near-term

Ø  Sensex tanks 661 pts on RBI’s cautious stance, drought fears

Ø  Bajaj Auto sales skid 2 pct in May to 3,45,438 units

Ø  Indian economy transforming from emerging to resurgent: Pranab Mukherjee

Ø  Haryana revises vehicle tax structure, cars and bikes to pay 5%, 4% now