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Morning News Round Up 16 Sep

Morning News Round Up 16 Sep

Ø  Government considers closing some loss-making state firms like BSNL, MTNL, Air India

Ø  Microsoft to acquire Minecraft maker Mojang for $2.5 bn 

Ø  MCX-SX gets conditional 1-year renewal; Sebi seeks biz plan

Ø  Banks need over $200 bn capital in next 5 years: Fitch

Ø  Oil hits 2-year low; dollar rises ahead of US Federal Reserve

Ø  Cognizant to acquire Trizetto for about $2.7 bn
 
Ø  August WPI inflation falls to 5-year low of 3.74%

Ø  August trade deficit falls to $10.83 billion

Ø  Scottish referendum not seen having an impact on rupee

Ø  Mastek’s demerging entities plan to grow inorganically

Ø  Govt prepares Cabinet note for ship building policy

Ø  Sebi issues clarity on position limits for MFs in IRF

Ø  SEBI accepts India Inc’s requests on corporate governance

Ø  Tata Motors global sales down 9.7% in August 

Ø  NCDEX’s forward trading in maize, sugar from Sept 25 

Ø  Mahanadi Coalfields to submit report on thermal power foray 

Ø  ArcelorMittal, Gerdau to sell US steel mill for $ 770 m 

Ø  Bosch to buy balance stake in steering systems maker ZF Lenksysteme
 
Ø  IDFC to move banking-related assets, liabilities to new entity

Ø  Bain, Carlyle in talks to buy stake in Famy Care for about $450 mn

Ø  India remains top offshoring destination for IT firms: report

Ø  Essar-Loop case: Court to hear final arguments from 20 November

Ø  Free diesel prices at the earliest, Raghuram Rajan tells Centre

Ø  Rouble hits record low vs dollar on sanctions retaliation fears

Ø  US wealth gap putting the squeeze on state govt

Ø  Govt sacks all five independent directors of Mangalore Refinery
 
Ø  Inflation across board still too high to begin easing: Rajan

Ø  CCI clears Kotak 15 pc stake buy in MCX

Ø  DoT moves SC against TDSAT verdict on 3G roaming

Ø  India keen on strong economic ties with Vietnam: President

Ø  Coal scam: CBI to file revised charge sheet on Sept 30

Ø  India Inc’s Aug foreign borrowings up over 2-fold at $5.07b

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