Morning News Round-up:

Ø  Market chases a rate cut as monsoon cheers

Ø  India rolls out 30-yr bond, could benefit infra sector

Ø  US CAD rises to $113.3 bn on weak exports, profits

Ø  No grace period beyond June 30 for Greece: IMF

Ø  US jobless claims falls to unexpected 267,000

Ø  Tanzania invites Indian investment in agri, other sectors

Ø  In NYC, FM assures foreign investors on reforms, tax regime

Ø  Govt proposes to raise Rs 13,500 cr by sovereign gold bonds

Ø  US hedge fund steps up campaign against $8 billon Samsung asset shake-up

Ø  All India Bank Employees’ Asso to go on a strike on June 24

Ø  MRPL begins commercial production of polypropylene

Ø  Indian money in Swiss banks falls by 10.6%: SNB

Ø  Steel duty hike not to have big impact, says India Rating

Ø  Finance SEZs: FinMin, regulators to meet on June 24 to decide on 2nd round of regulations

Ø  GMR arm inks pact with Oman airport co to provide training, consultancy 

Ø  Mphasis’ new strategy to grow its non-HP business 

Ø  RBL Bank set to file for IPO within a week, looks to raise Rs1,450 crore

Ø  Nasdaq breaks record high set during dotcom boom

Ø  IDBI Trusteeship acquires 6.44% equity shares of Adani Power

Ø  India leveraging oil imports for market access

Ø  ONGC Videsh seeks 20-fold increase in spending allowance for M&A

Ø  CPI inflation to be around 5-5.5% this fiscal: Nomura

Ø  Reliance Industries scrip up 11.6 per cent since shareholder meet

Ø  Cisco to invest $2 bn in India this year, commits manufacturing

Ø  Govt approves Rs 7,529-cr highway projects in Maharashtra

Ø  US Fed says economy strong enough to handle rate hike

Ø  ONGC supports Cairn plea for Rajasthan block’s term extension

Ø  Yes Bank promoters should jointly nominate directors, rules HC

Ø  French defence firms invited to participate in ‘make in India’