Morning News Round-up:

Ø  State of economy is weaker than we thought: Raghu Rajan

Ø  India asks OPEC to stop charging premium from Asian buyers 

Ø  India, US clear two ground-breaking defence projects

Ø  Volvo selling remaining stake in Eicher for $278 mn

Ø  Refiners in talks with Iraq on strategic reserves

Ø  Disinvestment target of Rs 69,500 daunting: Official sources

Ø  Siemens plans multi-bn euro power deal with Egypt

Ø  RBI has to keep inflation under check for growth: Rajan

Ø  Govt ready with steps to tackle deficient monsoon: Agri Min

Ø  Markets hammer debt-laden firms

Ø  Infy may be back with stock option plans

Ø  Tata Tele makes Rs 3,846-cr loss in FY15 due to high finance costs

Ø  CLSA slashes Sensex year-end target by 3% to 28,500

Ø  FDI dips in March to $2.11 bn; lowest in four months

Ø  OECD cuts global growth forecast, says recovery taking hold 

Ø  Rel Cap to set up global commodity exchange at GIFT IFSC 

Ø  Investment routed from Mauritius to India for tax benefits: WTO

Ø  Bangladesh allows LIC to operate in domestic market 3

Ø  RBI allows FIIs to buy more shares in Axis Bank

Ø  Warburg arm to invest Rs850 crore in Ecom Express

Ø  REC, PFC, Ireda, others to raise Rs5,000 crore via tax-free bonds

Ø  America’s unwanted Ivy-Leaguers are flocking to India

Ø  Bharti Airtel to raise more than $500 millon by selling bonds

Ø  Mercator says oil block makes first discovery in Cambay basin

Ø   Banks face the music as RBI urges repo cut transmission

Ø  Sensex tanks 351.18 points to end at 26,837.20

Ø  Rate sensitives weather worst of equity rout with over 2-4% cuts

Ø  Ratan Tata acquires stake in fashion portal Kaaryah

Ø  PM Narendra Modi’s income insurance idea may not win over angry farmers

Ø  HSBC services PMI contracts for first time in 13 months

Ø  Black money: Keep foreign info strictly secret, CBDT tells I-T

Ø  China’s Phicomm makes India entry, to invest $100m

Ø  Coal scam: Special court commences trial in JIPL’s case

Ø  Nestle feels the heat over Maggi row, stock crashes 10%

Ø  L&T wins Rs 468 cr defence order for naval floating dock

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