Morning News Round-up:

Ø  Government clears GST amendments

Ø  Tata Group’s profits up; contributes eight billion pounds to UK GDP

Ø  Greek stock market unlikely to reopen this week

Ø  China mulls $6.44-bn drinking water industry in Tibet

Ø  Nomura sees rupee reaching 63.20 by Q3 of 2016

Ø  Cabinet approves foreign investment in AIFs

Ø  Record dividends can hurt India Inc’s growth

Ø  MF houses not interested in acquiring Sahara MF’s assets

Ø  SpiceJet hits two-year high on strong Q1 results

Ø  Wipro gains on strategic partnership with DSM

Ø  JSW Steel reports loss of Rs 107 cr in Q1, its first in 7 qrtrs

Ø  Sebi gets 100 alerts a day; strong surveillance in place: Sinha

Ø  Standard & Poor’s cuts Brazil’s outlook to negative

Ø  Govt to assess impact of MAT on IND-AS companies

Ø  MAT sword hangs over India Inc’s head 

Ø  BPCL buys first shipment of Russian Far East crude grade

Ø  GCPL to buy additional 40% stake in Chilean firm

Ø  Smuggling of foreign cigarette brands on the rise

Ø  Centre approves 7 FDI proposals worth Rs981 crore, defers 6 others

Ø  Make National Agri Market inclusive for small farmers
Ø  GM to shut down Gujarat plant; invest $1 bn in consolidation

Ø  Hero MotoCorp will not bid to buy out bankrupt partner EBR

Ø  Public sector banks see Q1 profits decline on provisions

Ø  Nestle reports first quarterly loss in 15 years on Maggi ban

Ø  Godrej Consumer Q1 profit jumps 39% to Rs199 crore

Ø  Allahabad Bank Q1 profit up 30.3%; stock jumps 5%

Ø  US Federal Reserve is likely to delay 1st rate hike in 9 years a bit longer

Ø  Strategic stake sales: Ministries asked to line up a list of PSUs

Ø  Essar Oil posts record Rs 1,063 cr Q1 net profit as margins improved

Ø  DoT mandates telcos to share networks during disasters

Ø  Dabur India Q1 net up 24% at Rs 261 cr

Ø  GSK flags up pipeline as HIV drugs help it beat profit forecasts

Ø  ‘India has potential to become multi-trillion dollar economy’

Ø  SpiceJet in talks with Boeing, Airbus for $11b deal

Ø  Yes Bank net up 28% to Rs 551 crore

Ø  Gold may plunge to Rs 20,500 level: Ind-Ra

Ø  Vedanta reports a growth of 131% in profit in Q1FY16

Ø  PFRDA asks banks to process APY contributions quickly

Ø  Beware of illicit money pooling schemes: Sebi

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