Morning News Round-up:

Ø  Oil traders mount bets on Iran nuclear deal hopes

Ø  Eurozone discusses short-term loan after bailout

Ø  RBI may cut rate by 0.25% next month: BofA-ML

Ø  GMR in race for 5 airports in Philippines worth $2.4 bn

Ø  BPCL to invest $4 bn to double Bina oil refinery

Ø  Impact of Greek developments will be indirect: Fin Secretary

Ø  Greece, euro zone nations reach deal on bailout

Ø  India Ratings: China is bigger concern than Greece for India

Ø  Govt to pay Rs 12/litre kerosene subsidy, full for LPG

Ø  Sebi to auction property related to Pyramid Saimira case

Ø  Steel imports up 50% in Q1; consumption up 7.1%

Ø  Platform Specialty buys UK-based Alent for $2.3 bn

Ø  Consumer price inflation for June spurts to 5.4%

Ø  $500-m ADB loan likely for Chennai-Vizag corridor

Ø  China’s faltering economy may hit Indian metals industry

Ø   Titagarh Wagons acquires Italian firm

Ø   FMC to bar brokers named in NSEL scam from bourses

Ø  MCX gains on favourable verdict against Metro SE

Ø  27% teas unsold at Coonoor sale despite dip in prices

Ø  State-run banks can sell $8 billion non-core assets to raise capital: Jefferies

Ø  SC clears ED proceedings against Vijay Mallya, imposes costs

Ø  Essel Propack to sell lamination packaging unit to Australian firm

Ø  Adani Group gets final go-ahead on Vizhinjam port project

Ø  HCL to buy assets of US-based Trygstad Technical Services

Ø  Global warming may eat up $200 bn crops globally by 2050: Study

Ø  India among 13 countries to host Windows 10 launch on July 29

Ø  Vedanta looks to regain market share after Goa mining resumption

Ø  IndusInd Bank Q1 net profit jumps 25% to Rs 525 crore

Ø  Govt growth estimates not in line with ground reality: Bajaj

Ø  Strong eco growth in India to revive steel demand: Moody’s

Ø  Suven Life gets patent for neuro-degenerative related products

Ø  Ventura Power pledges its 2.65% stake in Adani Power

Ø  IGL raises stake in MGNL to 50%

Ø  Sanghi Ind to invest up to Rs 1500 cr for capacity expansion

Ø  Equity exposure to slowly change PF portfolio

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