Morning News Round Up
Ø Economy to boost market in long-term: JP Morgan report
Ø CBI to examine Ratan Tata and Mistry of Tata Sons
Ø Sebi revamps panel on disclosures, accounting stds
Ø EC nod sought for appointing valuers in HZL, Balco stake sale
Ø US trade deficit hits $42.3 billion in February
Ø MF Global customers to recoup $6.7 b as final payout starts
Ø Iron ore miner NMDC incurs highest capex in 2013-14 at Rs 2,518-crore
Ø March services PMI falls to 3-month low of 47.5
Ø Videocon telecom crosses Rs 1,000 cr in revenue, targets Rs 2,500 cr next fiscal
Ø Deloitte calls for integrated approach to develop ports
Ø World stocks rally pauses for breath ahead of ECB meet
Ø Tata Opportunities Fund invests Rs 300 cr in Varroc Group
Ø Glenmark’s molecule for pain therapy entering human trials
Ø Bharti Airtel now second largest telecom operator in Nigeria
Ø Bank credit grows by 14.3%; deposits up 14.6% till Mar 21
Ø Prolonged Ukraine crisis may increase sunflower oil prices
Ø R Gandhi appointed as RBI Dy Governor
Ø Unable to pay Rs. 10K cr for Roy’s release: Sahara to SC
Ø Telecom towers must be powered by renewable tech, suggests DoT panel
Ø ECB holds key rate steady at 0.25%
Ø CCI fines DLF Rs.2.41 crore for contravention of order
Ø Biocon in patent suit with Novartis over Galvus diabetes drug
Ø L&T clarifies removal of slow orders will not impact revenues
Ø Worldwide IT spending to touch $3.8 trillion in 2013: Gartner
Ø FCI forced to borrow more as subsidy arrears hit Rs 50K cr
Ø SC wants to know why gas price formula is ‘complex’
Ø Nifty snaps 10-day rally on profit booking, loses 16 points
Ø Investment in realty sector dips 65% in 2013 at USD 1.2 bn
Ø Amazon launches new device for streaming video
Ø CCI approves DCM Shriram-Axiall proposed deal
Ø Forex reserves below Chinese level not comfortable: Rajan
Ø Rupee at 55 per dollar would be too strong: Rajan
Ø Microsoft to release update of Windows 8.1
Ø Bank conversion to weaken IDFC profitability: India Ratings
Ø RBI allows increase in FII limit in Edelweiss Financial to 28%
Ø Coal India hikes price of certain grade of coal
