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

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