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Morning News Round Up 2 Sep 14:

Ø  Japan lifts ban on HAL and 5 other Indian entities 

Ø  RBI revises Basel III capital norms, halves maturity to 5 yrs

Ø  SBI signs $152 m export line of credit with Japanese bank

Ø  Splitting subsidy with oil producers positive: Moody’s

Ø  BSE gets Sebi, CCI go-ahead for USE takeover

Ø  Coalgate: Supreme Court agrees to appoint three prosecutors to assist special public prosec
 
Ø  Core sector growth slows to 2.7% in July

Ø  Japan to invest $35 billion in Indian infra projects

Ø  Urea imports dip 54% to 2 mn tonnes in Apr-Aug period

Ø  Cotton yarn spinning mills see tough time ahead

Ø  Govt to hold talks with power producers, discoms on tariff hike

Ø  UBI declares Mallya, Kingfisher Airlines wilful defaulters

Ø  NMDC buys 30% more stake in Australian unit Legacy Iron Ore

Ø  DoT to seek regulator’s views on pricing 3G, 4G spectrum
 
Ø  MCX-SX opts for Tata Communications’ data centre services instead of FTIL 

Ø  Tata Steel-Sumitomo launches auto grade steel project in Jamshedpur 

Ø  Ruchi Soya buys oil refining plant from group co

Ø  Electronic trading in oilseeds helps boost volume growth  
 
Ø  Current account deficit narrows sharply to 1.7% in Q1

Ø  Japan aims to double India investment in 5 years: report

Ø  Govt urges Supreme Court to not cancel some ‘illegal’ coal mines

Ø  Reliance Group to apply for new banking licence with Nippon

Ø  Banks have to put a system to convey credit decision to borrowers: RBI

Ø  NSE Nifty surges past 8,000 to record high; BSE Sensex at new peak too; blue-chips gain

Ø  Hero MotoCorp sales up 21.43 per cent in August

Ø  Tata Motors sales down 18 pc in August

Ø  Honda Cars sales up 88 per cent in August

Ø  Japan offers assistance to introduce bullet trains in India
 
Ø  PM invites Japanese investors; promises speedy clearances

Ø  Maruti’s August sales rise 27% to 1,10,776 units

Ø  5.7% Q1 growth has generated huge positive sentiment: Modi

Ø  Factory activity expands at slower clip in August: PMI

Ø  Bank A/Cs not inoperative if dividend cheque credited in 2 yrs

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