Morning News Round up

Ø EGoM okays IOC share sale, OIL for Rs 4,800-5,000 cr.

Ø TCS Q3 PAT up 15.1% at Rs 5333cr.

Ø Bharti Airtel likely to buy Loop Mobile and add 3 mn customers.

Ø Cos allowed to convert overseas borrowing into equity.

Ø Centre unveils new land policy guidelines for 12 major ports.

Ø Govt defers Rs 15K cr bond issue to contain fiscal deficit.

Ø Hedgers cheer as FMC scraps customary margins.

Ø CBI probe in RCom’s investment in Delphi reaches dead-end.

Ø ‘Gross NPAs of banks to touch 5% by March-end.

Ø RIL to post a decline in profit for the 3rd quarter: Analysts.

Ø Sebi issues attachment order to recover Rs 15K cr from broker.

Ø FIIs invest $2 billion in govt bonds in January.

Ø GoM okays incentives for raw sugar export.

Ø Government names companies selected by it for coal blocks.

Ø Outlook remains stable to negative for auto sector: India Ratings.

Ø Korea Eximbank to provide $1 bn line of credit to ICICI Bank.

Ø Mindtree Q3 net declines 10.4% to Rs 88.5 cr.

Ø NSE to open bond futures counter from January 21.

Ø CARE Ratings, 4 others launch new credit rating outfit.

Ø DB Corp Q3 profit jumps 33.75% to Rs 94.46 cr.

Ø PM raids public sector banks to curb fiscal deficit.

Ø Bajaj Auto net profit up 10.5% atRs.904.55 crore.

Ø Axis Bank net profit up 19% as provisions for bad loans drop.

Ø iGate profit rises 7.5% to $33.1 million.

Ø DB Corp third quarter profit rises 34%.

Ø LIC Housing Finance on firm ground in December quarter.

Ø Larsen & Toubro Hydrocarbon bags Rs 1,000 crore order from domestic firms.

Ø KEC International gets Rs 1,215 cr order from India, overseas.

Ø India’s energy demand to outpace China and Russia by 2035.

Ø Businesses created 8 mn new jobs in US: Barack Obama.

Ø Barack Obama to place some restraints on govt surveillance.

Ø Rahul Gandhi to lead party campaign, not formal PM candidate.

Ø Infosys becomes most influential stock in Sensex, Nifty.

Ø Service tax amnesty scheme yielded around Rs 7,700cr.

Ø Gross NPAs of banks to touch 5% by March-end.

Ø ONGC’s 2nd thermal unit at Palatana to be operational by June.

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