Morning News Round-up:

Ø   POSCO suspends planned $12 bn Odisha steel project

Ø  GAIL plans to buy US shale gas asset for $1.5 billion

Ø  Greek crisis has shown euro zone is fragile: ECB 

Ø  Iran to remain under threat of sanctions for 15 years

Ø  US jobless claims fall, point to solid labor market

Ø  Govt allows use of its capital to SAARC Fund for infra

Ø  CCI imposes Rs 671 cr penalty on four insurance cos
 
Ø  Nod to composite cap on foreign investment

Ø  Centre revives plans for HZL-Balco stake sale

Ø  Tata Motors plans to raise up to Rs 4,400 cr this fiscal year

Ø  Cabinet approves Rs 8,548 cr power transmission project

Ø  Sebi asks exchanges to crack down on frivolous trades

Ø  Syngene IPO price band at Rs 240-250

Ø  Weak rains prompt RBI to reverse farm loan norms

Ø  BSE pitches for LTGC tax to check manipulation

Ø  Proposed RE Act gives sweeping powers to the Centre

Ø  New FDI norms may benefit private banks 

Ø  Aluminium industry seeks increase in import duty 

Ø  JSW Steel, Biocon sign MoU for tourism projects

Ø  Mindtree to acquire UK-, US-based firms for Rs 482 cr 
 
Ø  Allied Blenders buys Telangana distillery for Rs200 crore

Ø  OVL bids for two blocks in Mexico

Ø  RBI tweaks NPA norms for credit card holders

Ø  Tata Motors global sales flat in June; JLR sales decline 3%

Ø  Govt approves bill to scrap 295 obsolete laws

Ø  Titagarh Wagons concludes acquisition of Italy’s Firema Trasporti

Ø  Net neutrality: No free net NLD, local calls

Ø  ADB pegs India’s GDP growth at 7.8 pc, sees reforms delay as risks

Ø  BSE Sensex closes at 3-month high; Nifty above 8,600

Ø  Anil Ambani lines up Rs 5K cr more in Pipavav Shipyard

Ø  A P Shah panel on MAT may submit report next week: FM

Ø  Reliance in talks Russia to build frigates
 
Ø  Govt clears 6-laning of NH NE-II at Rs 7,558 crore

Ø  Listings on BSE’s SME platform cross 100 mark

Ø  Premji buys 1.5% stake in L&T Finance