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Morning News Round-up:

Morning News Round-up:

Ø  CIL may revise Rs 60K-cr capex: Coal India chief

Ø  China, Europe & US data show bleak growth outlook

Ø  Record response to NTPC’s tax-free bonds at Rs 4,400 crore subscription

Ø  Need to infuse more capital into ARCs : Ind-Ra

Ø  Fitch threatens to downgrade Volkswagen over pollution scandal

Ø  No progress for business in China without reform, says Xi

Ø  RBI eases overseas borrowing rules for domestic companies

Ø  L&T to sell assets, dilute stake in non-core businesses: Naik

Ø  Small banks in Rs 4,000-cr fix to raise domestic funds

Ø  Rural Electrification Corp to extend Rs 9K cr loan to Andhra

Ø  Iran has offered natural gas to India at $2.95 per unit for urea plant, says Gadkari

Ø  Flipkart confirms valuation at $15.2 billion

Ø  Rating slashed to default for GMR’s road project

Ø   IEX stake: Financial Tech to shed more to five buyers

Ø  Sterlite Technologies acquires Elitecore Technologies

Ø  No need for regulating algo now: Jhunjhunwala

Ø  CCI to conduct survey on healthcare sector

Ø  Pfizer to sell vintage Thane plant to Vidhi Research for Rs. 178 crore

Ø  Nestle signs deal with biotech firm to develop Alzheimer’s test

Ø  India’s spending on IT may rise over 5% to $6.88 bn this year: Gartner

Ø  Govt panel finds no evidence of data manipulation at GVK Biosciences

Ø  Lenders take over Visa Steel under SDR rules

Ø  Etihad to buy bonds to help Jet Airways recast debt

Ø  L&T opts out of GAIL tender to build LNG carriers locally

Ø  Apollo International, Lycos form e-commerce JV

Ø  Sensex closes 171 points up on value buying, Nifty settles at 7,846

Ø  China’s pain can’t be India’s gain: Chinese media

Ø  Monsoon deficiency has dropped by 3 per cent: IMD

Ø  Pharma companies growth may remain moderate in Q2: BofA-ML

Ø  Ajanta Pharma to replace Aditya Birla Nuvo on Nifty Midcap 50

Ø  TRAI to firm up position on net neutrality soon

Ø  Sahara’s Plaza world’s top-ranked hotel for super-rich

Ø  Asian business sentiment crumbles on China shock

Ø  SKS Micro lowers rate by 1.25% for new disbursals

Ø  Balmer Lawrie lines up Rs 400 crore capex

Ø  Restrictions on stocking pulses, edible oils extended

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