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Morning News Round-up:

Ø  Iran to have access to $100 bn after curbs: US

Ø  Eurozone to pay 40-50 bn euros of Greek bailout

Ø  S&P thinks India’s sovereign rating will remain stable

Ø  Ajay Piramal may invest Rs 300 cr in ReGen Powertech

Ø  Defence proposals worth Rs 30,000 cr cleared, govt to buy 4 spy planes

Ø  Centre to spend Rs 55,000 cr on agricultural sector

Ø  Power Finance Corporation emerges as first issuer

Ø  RBI sucks out liquidity worth Rs 8,270 cr in OMO sale

Ø  After making loss, Bank of India reports RBI against its auditors

Ø  Sebi releases guidance on AIF’s foreign associates

Ø  RBI may lower rates in Aug 4 policy review: Moody’s

Ø  TRAI told to clarify revenue impact of landline licence waiver

Ø  Workers’ Union at SAIL’s Salem Steel Plant issues strike notice

Ø   Service charge collected by hotels is not service tax: FinMin

Ø   Securitisation market set for take-off

Ø  Divestment: govt calls for pre-bid meeting today

Ø  L&T Finance acquires 26% stake in Grameen Capital

Ø   Greenko to hit one giga watt generation by Aug-Sept

Ø  Reliance ADAG infused crores in Swan Telecom: CBI

Ø  China’s healthy 4G ecosystem bodes well for R-Jio in India

Ø  Volvo to export buses manufactured in India to Europe

Ø  Govt to raise energy efficiency targets for industry

Ø  Yes Bank gets RBI nod to open GIFT unit

Ø  Bombay HC sanctions Thomas Cook -Sterling Holiday merger

Ø  Ramco Systems wins multi-million dollar deal from Cobham Aviation

Ø  IOC, HPCL, BPCL to benefit from historic Iranian nuclear deal

Ø  Credit Suisse trims Indian equities’ near-term outlook citing premium valuations

Ø  India Inc wants more rate cuts as WPI slips further

Ø  Oil prices tumble further as Iran, global powers reach nuclear deal

Ø  Govt gives security clearance to Chinese telecom Huawei to set up unit in Tamil Nadu

Ø  Forex reserves at ‘reasonable’ level: RBI

Ø  New category foreigners may get to invest in gilts

Ø  Wholesale inflation at (-)2.4%, in negative zone for 8th month

Ø  Govt moves to prevent stainless steel dumping

Ø  BSE to launch multi-legged order entry in derivatives from Aug

Ø  Fairfax India makes open offer to raise stake to 26% in IIFL

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