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Morning News Round-up:

Ø  India ready to face US Fed rate hike: Economic Affairs Secretary Shaktikanta Das

Ø  Cooling inflation boosts expectations for more rate cuts

Ø  Drought to cut India’s summer-sown corn output by 15 per cent: Industry

Ø  Texmaco Rail to acquire 76 pc stake in Bright Power

Ø  Foreign investors allowed to buy upto 40% in Maruti

Ø  US clears Nokia acquisition of Alcatel-Lucent

Ø  RBI cancels Sahara Financial Corp’s NBFC registration

Ø  Govt imposes 20% safeguard duty on some steel products

Ø  Urea imports surge 43% to 3.06 million tonnes

Ø  India’s FX reserves loss in August fourth highest among EMs

Ø  Tata Steel Gopalpur SEZ validity extended

Ø  BALCO begins procedure to shut down its aluminium rolling mill

Ø  L&T Finance Holdings rise on stake sell buzz

Ø  India difficult place for business; reforms needed: WB

Ø  PM takes stock of sick power distribution companies

Ø  GDP growth to exceed 7.5% this fiscal: FinMin

Ø  India’s potential growth could rise to 9% over next 5 yrs:GS

Ø  Taking efforts to ensure predictable and fair tax regime: FM

Ø  Nava Bharat Ventures, Tata Steel in chrome conversion pact

Ø  Kesoram Industries up on sale of Haridwar tyres unit

Ø  Arrival of imported pulses to begin from Sept. 23 

Ø  44% of India has received deficient rainfall: IMD

Ø  Dr Reddy’s inks $198 million pact with Hatchtech to market head lice product

Ø  Mahindra Group launches e-commerce platform

Ø  Blackstone to sell three land parcels for Rs1,000 crore

Ø  Practo acquires Insta Health for $12 million

Ø  Sensex closes 246 points up at 25,857, Nifty settles at 7,872;

Ø  India’s retail inflation eases to 3.66% in August

Ø  RBI to cut rates irrespective of US Fed moves: Ind Ra

Ø  SEBs wilful defaulters: Banks could see Rs 3-4 lakh cr NPAs

Ø  Bose panel report has mutual funds sounding bullish

Ø  WPI inflation plunges to historic low of (-)4.95%

Ø  Jaitley exhorts US cos to invest more in infra

Ø  DRL enters into commercialisation deal with Hathchtech

Ø  India to clear $700m Iran oil dues as first tranche

Ø  Centre exploring SPV mode to energise 

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