Morning News Round-up:

Ø  Rajan warns of action against banks hiding NPA nos

Ø  Oil price unlikely to recover as Saudi refining hits market

Ø  FSSAI-approved lab finds Maggi noodles safe

Ø  Adani to announce JV worth $5 bn with Foxconn

Ø  No decision yet on Cairn-Vedanta deal: UIICL

Ø  I-T Dept searches 20 premises of Claris Lifesciences

Ø  RBI leaves repo rate unchanged at 7.25%

Ø  RBI, govt in talks on medium term framework for FPI limit in debt

Ø  Klesch Group drops plans to buy out Tata Steel unit

Ø  Coal imports drop by 11% to 19 MT tn in July

Ø  UK takes 1 billion pounds hit in RBS sell-off

Ø  AIG profit beats estimates, boosts buyback by $5 billion

Ø  RBI Governor bats for shifting veto power to monetary policy committee

Ø  Bharti Airtel Q1 net up at Rs 1,554 cr

Ø  US restores duty benefits to Indian exporters

Ø  No plan to hike duty on petroleum products: Pradhan

Ø  Over 3,500 tonnes plastic waste generated daily

Ø  FinMin moves Cabinet note on gold monetisation scheme

Ø  Govt may raise Rs40,000 crore via bonds from LIC

Ø  Thomson re-entering India market after 11 years

Ø  Sunteck Realty keen to buy distressed assets from rivals

Ø  Jay Shree Tea to sell sugar and fertilizer businesses

Ø  Sony to start manufacturing Bravia TVs in Tamil Nadu

Ø  Birla in talks with PE firms to sell insulator unit

Ø  Monsoon, US Federal Reserve impact next trigger for rate cuts: Moody’s

Ø  Govt mulls selling 3 per cent stake in GAIL to raise Rs 1,800 crore

Ø  Reliance MediaWorks concludes multiplex sale, debt cut by Rs 700 crore

Ø  Steel shares jump on likely import duty hike

Ø  Vedanta Resources bets on India for future growth

Ø  Rajan links more easing to lower bank rates, monsoon, inflation

Ø  RBI may cut interest rates before next policy: Rajan

Ø  CCI charges SMTB with violating competition norms

Ø  SC defers hearing, FIIs wait gets longer on MAT clarity

Ø  China footwear biz shrinks, India gets a foot in the door

Ø  Arcelor Mittal expects India to be active on M&A in steel, mine

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