Morning News Round-up:
Ø CAG spots Rs 9,034-crore financial lapses by PSUs
Ø Govt notifies norms for composite cap on FDI
Ø US economy posts solid 2.3 per cent growth rate in Q2
Ø ‘Chinese economy facing issues but functioning well’
Ø Blackstone sells stake in Agile including Tata unit
Ø DRI detects 470 cases of misuse of export incentives
Ø BofA-ML flags downside risk to $15 billion FPI inflow forecast
Ø No govt nod needed for 49% FPI in most sectors
Ø Moody’s expects RBI to cut rate to boost growth
Ø Sebi probing UBS on round-tripping
Ø RPower takes govt to court on Chhatrasal coal block cancellation
Ø Dr Reddy’s Q1 net profit up 14% at Rs 625 cr
Ø ‘82% of global Letters of Credit transactions are flawed’
Ø US jobless claims increase, but still near cycle lows
Ø Good investment opportunity in equities: Sinha
Ø Production stabilising at new units of Vizag Steel Plant: CMD
Ø IOC wants more of Cairn’s Rajasthan oil, but at ‘good price’
Ø Essar Steel aims to be Flipkart of building biz
Ø Gold set for biggest slump on Fed rate outlook
Ø ITC Q1 net profit up 3.6%; agri business, cigarettes pull revenue down by 7%
Ø BNP Paribas to buy retail brokerage Sharekhan for Rs2,200 crore
Ø Foreign investment in AIFs to help start-ups, SMEs, infrastructure firms
Ø Bank of Baroda Q1 profit drops 23% on higher provisioning
Ø Oriental Bank of Commerce Q1 profit drops 29%
Ø Not seeking refinancing under RBI’s 5/25 scheme: Hindalco
Ø CAG spots Rs 9,034-cr financial lapses by various PSUs, including ONGC, NTC
Ø CG to Support Smart Grid Deployment in Portugal
Ø JSW Steel gets shareholders nod to raise up to Rs 14,000 cr
Ø Tata Starbucks, Kellogg, McCain fail to get FSSAI approval
Ø Kingfisher Airlines caused Rs 290 cr loss to AAI, says CAG
Ø Even hallmarked jewellery vary in purity: WGC
Ø Fund raising via retail NCDs slumps 85%
Ø Glenmark Q1 net profit up 3.29% at Rs 191 cr
Ø HCC Q1 profit plunges 70% to Rs 8 cr
Ø LIC trims stake in Maruti to 6.22 per cent
Ø Mutual funds go slow on equity investments in July
