Morning News Round-up:

Ø  Fitch cuts rating for 4 Greek banks to ‘restricted default’

Ø  ‘New textiles policy aims at 35 mn jobs, foreign investment’

Ø  GDP to hit $3 tn mark in five years: Panagariya

Ø  Kotak Mahindra Bank gets nod for 1:1 bonus share

Ø  ‘Sebi decision on OFS not sufficient boost to PSU divestment’

Ø  JSW Steel seeks shareholder consent for Rs 4K-cr QIP

Ø  RIL to defer gas field development if price outlook remains uncertain

Ø  Greece crisis may have indirect impact on India: finance secretary

Ø  If euro fails, Europe fails, warns Angela Merkel

Ø  RCom in talks with ATC, Carlyle for stake sale in tower biz

Ø  BPCL acquires 19.97% stake in PetronetCCK

Ø  GMR group begins construction of Philippines airport

Ø  SBI steps up recovery of bad loans in retail, realty segments

Ø  Regulate OTT services, recommends DoT panel

Ø  NSE to launch new platform for negotiated trade in debt from July 1

Ø  JSW Steel seeks shareholders’ nod to raise Rs 4K cr via QIP 

Ø  NCDEX opens A’bad delivery centre for ‘Gold Now’ contracts

Ø  Bombardier to supply 162 Movia metro cars to Delhi Metro 

Ø  Dr Reddy’s recalls epilepsy, BP drugs from US market

Ø  Greek crisis not to impact ICICI Bank: Chanda Kochhar 

Ø  Indian power plants find Rs1.2 tn of capacity has no takers

Ø  Adani suspends Australia project’s engineering work over delay in approvals

Ø  Amazon to offer loans to sellers in India, seven other countries

Ø  PNB, Allahabad Bank agree to sell Bharati Shipyard loans to Edelweiss ARC

Ø  TV18, CNN to end 10-year branding deal

Ø  Greece takes a toll on Tata Motors, Bharat Forge, other Indian cos with exposure to Europe

Ø  Rains hold the key to 25 bps RBI rate cut on Aug 4: BofA-ML

Ø  Larsen & Toubro secures new orders worth Rs 2,035 crore

Ø  Tech Mahindra sees weak Q1 revenue on visa costs

Ø  DGCA may make psychometric tests for pilots mandatory

Ø  Banks in India slow in passing on RBI rate changes: IMF

Ø  Coal scam: CBI files probe report, says sanction issue pending

Ø  L&T secures new orders worth Rs 2,035 crore

Ø  HUL increases market share in 90% of its product portfolio

Ø  CERC asks FTIL to transfer stake in IEX to trust a/c by Jul 2

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