Morning News Round-up:

Morning News Round-up:

• Prices to cool as rains gather speed

• India Inc’s debt ratios on the mend

• Investors shift to tax-free bonds as equities slip

• ‘Govt lacks urgency in dealing with bad loans’

• E-grocers to profit from pvt labels | Flipkart, Snapdeal ink pact with India Post

• Sushma-Lalit Modi saga gets murkier; ED to study flow of money

• Tata Sons in talks with AirAsia to raise its holding

• Adani in talks to buy Avantha’s MP power project

• Maggi ban hits around 1,500 Nestle employees

• Wall St up with eyes on Greece, Fed; M&A supports

• RGTIL gets nod for refinancing existing proj loans

• Wall Street sees Fed raising rates by year-end: Report

• HCL Info shares soar 6% on partnership with Dell

• India may form oil joint venture with UAE, Kuwait

• Trade deficit at 3-month low, exports fall 20.2%

• ‘Smart’ database soon to check income tax evasion

• I-T dept to defend Rs 20,495-crore tax claim on Cairn India

• Pramerica Asset Managers set to buy out Deutsche AMC

• 20% wealth in India with 928 households: BCG report

• Foxconn, Alibaba in talks to invest in Snapdeal

• BJP uneasy as Lalit Modi issue threatens to snowball

• Banks accounted for only a third of debt raised in FY15

• I-T department plans app to map all taxpayer details via PAN

• FPIs lap up Vodafone’s Rs7,500 crore rupee bond

• US-based SunEdison to acquire Continuum Wind Energy

• Mahindra Sona looks to raise Rs250 crore in PE funding

• Contraction in non-oil, non-gold imports reflect sluggish economy

• RBI’s action on Basel-III norms draws praise

• El Nino threatens to damage rice crop in India, Philippines, Indonesia

• May exports plummet 20.19% at $22.34 bn

• IndiGo rejigs ownership structure ahead of IPO

• Jaitley defends Sushma, says blue corner notice pending against Lalit Modi

• Wipro to set up facility for 28,000 staff in Bhubaneswar

• Hindustan Unilever royalty charges double in three years

• ITC to remove ‘no added MSG’ disclaimer from Yippee noodles

• TVS eyes share of FMCG business

• Maha proposes waiver in stamp duty, LBT, more FSI for IT and ITeS units

• Land Bill panel: Members oppose submission by pvt firm MD

• HDFC Bank cuts base rate to 9.7%, matches SBI

• Trade pact: India tries to ring-fence e-comm

• I-T Dept stands firm on tax demand against Cairn India

• Alibaba, Foxconn eye 10% stake in Snapdeal for $500 m

• Tata Steel UK workers begin industrial action

• Exports plunge 20% in May

• Swedish pharma firm ties up with GVK Bio for research

• BSNL to set up 40,000 WiFi hot spots across India

• PFC to raise $1 b in foreign currency bonds

• SEBI issues new disclosure norms for ESOP schemes

• MCX-SX CCL transfers FTIL, MCX holding to escrow account

• Indians spend over 3 hours a day on their smartphones, finds report

• Outlook for soyabean brightens with timely onset of monsoon

• Monsoon to remain active over central and east India

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