Morning News Round-up:
Ø Fed directs 8 biggest US banks to hold extra capital
Ø Airtel in talks to sell 4 African arms to Orange
Ø Foreigners may soon get direct bite of Indian VC, PE funds
Ø ‘Greece makes overdue payments, no longer in default’
Ø F M to hold review meeting on PSU disinvestment
Ø IOC to invest Rs 1,000 crore to raise stake in CPCL
Ø Kharif crop output likely to be better than last year: Report
Ø PayPal valued at about $52 bn in market return
Ø Select panel arrives at middle ground on GST
Ø Nationalisation of banks a historical economic blunder: Subramanian
Ø Sun Pharma sees profit hit in FY16 on Ranbaxy costs
Ø Defence, banking out of composite FDI caps to avoid ‘quick money’
Ø ARCs want RBI to relax 10% cap of share sale to single entity in IPO
Ø Sebi restricts suspended cos from raising further capital
Ø SBI’s yearly composite index for July declines sharply
Ø Ultratech Cements Q1 consolidated profit falls 6% to ₹591 cr
Ø Gujarat plans to relocate electricity infrastructure
Ø Action will be taken if illegal foreign assets not disclosed by Sept 30: I-T dept
Ø CRISIL buys back more of its own shares
Ø India’s per capita electricity consumption touches 1010 kWh
Ø Private equity funds join hands for big-ticket deals in India
Ø Status quo on coal blocks end use case: Supreme Court
Ø Hindustan Zinc Q1 profit rises 19% to Rs1,921 crore
Ø IVFA to invest $30 million in firm behind Indigo chain
Ø Kotak Mahindra mutual fund staff told to invest in-house
Ø BSE Sensex ends 43.19 points down at 28,420.12; NSE Nifty reclaims 8,600
Ø FPIs offload positions in cement stocks for fourth qtr; large caps worst affected
Ø Corporates not too optimistic about economic recovery: Assocham
Ø Gold slide helps erase half of gains from 12-yr bull run, $1000/ounce on horizon
Ø Banks reopen, taxes hiked as Greece eyes recovery
Ø SpiceJet promoter pledges over half of his stake
Ø Welspun Q1 net profit up 55% at Rs 163 cr
Ø Tata Coffee Q1 net profit falls 16% to Rs 25.4 cr
Ø LIC HFL Q1 net profit up 18.6% at Rs 382 cr
