Morning News Round-up:

Ø  RComm in exclusive merger talks with Sistema Shyam

Ø  FIPB again defers Kotak Mahindra Bank’s proposal for raising FII limit

Ø  Adani in pact for solar power park in JV with R’than

Ø  Sebi bans Karvy Stock Broking from new IPO work for 1 yr

Ø  Mahindra bags multi-million dollar deal with Airbus 

Ø  PFC to issue foreign currency bonds of $1 billion
 
Ø  Greece and creditors fail in “last attempt” to reach deal

Ø  Petrol price up by 65 paise, diesel price cut by Rs 1.35

Ø  Ruias set to sell 49% in Essar Oil to Russia’s Rosneft

Ø  LIC strikes gold in PSU picks

Ø  India’s banking norms ‘rigorous’ than Basel framework: Panel

Ø  Rainfall above normal so far: Weather department

Ø  WPI-inflation dips further to (-) 2.36% in May

Ø  Vedanta to be accountable for Cairn’s $3.2-bn tax demand: Moody’s 

Ø  Transferring FTIL stake: MCX-SX Clearing Corporation’s EGM on Tuesday 

Ø  Aurobindo Pharma gets USFDA nod for Phenytoin Sodium capsules

Ø  Nestle to destroy Rs. 320 cr worth of Maggi noodles stocks 
 
Ø  Vodacom’s $565 million bid for Tata’s Neotel approved by regulator

Ø  Mukesh Ambani’s $16 bn 4G disruption set to curb tariffs in India

Ø  Lafarge to buy back 14% stake in India unit from Baring Private Equity

Ø  Ajay Mahajan to head commercial, wholesale business at IDFC’s new bank

Ø  Idea records highest Revenue Market Share growth in Q4FY15 & FY15: TRAI

Ø  Drought may hit rural Indian economy this year

Ø  Cairn Energy, LIC hold key to Cairn-Vedanta merger

Ø  BSE Sensex rises 161.25 pts to close at 26,586.55

Ø  Nomura feels ITC stocks may head towards de-rating