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Morning News Round-up 21-Nov

Morning News Round-up 21-Nov

Ø  Tech Mahindra to acquire US-based LCC for $240 mn

Ø  WTO members raise questions over India’s sugar subsidy

Ø  Gamesa to invest over 100 million euro in India

Ø  CAG seeks audit of RIL’s spending on KG-D6 block

Ø  SBI defends $1bn loan to Adani group, 

Ø  US jobless claims fall; lowest since 2000

Ø  Govt likely to introduce differential export duty for iron ore
 
Ø  Kotak Mahindra buys ING Vysya in all-share deal

Ø  Mining law set for change; firms may get to sell mines

Ø  Moody’s revises non-financial cos’ ratings outlook to stable

Ø  Govt to rollout bulk drug pharma policy within 15 days

Ø  FM asks banks to step up credit flow, reduce bad loans

Ø  BSE launches six additional derivative contracts

Ø  Global steel prices continue to fall, India may follow

Ø  RBI reduces repatriation time of export proceeds to 9 months 

Ø  Alok Industries to raise Rs300 crore via asset sale

Ø  New all industry duty drawback rates announced 

Ø  RBI allows FIIs to buy equity in Yes Bank 

Ø  Aurobindo to replace Actavis’ drugs with its own to lower costs 

Ø  Maharashtra govt approves 2 metro lines for Rs 44,702 cr 
 
Ø  100 million online shoppers in India by 2016: Report

Ø  Jignesh Shah steps down from FTIL posts

Ø  Locally registered foreign firms will soon mine and sell coal in India

Ø  Banks had unfair advantage from commodity units: US Senate report

Ø  India free-float market cap low compared to peers

Ø  Ranbaxy loses bid to block rivals in generic drugs fight

Ø   GAIL plan for ‘made in India’ ships runs into crisis

Ø  Sensex rebounds, Nifty reclaims 8,400 mark; Cipla, Infosys lead rally

Ø  US court overturns bid by Ranbaxy to block launch of rival generic drugs

Ø  De Reddy’s Visakhapatnam unit comes under USFDA lens
 
Ø  PE investments up 27% to $3b in Jul-Sep quarter: Report

Ø  Govt yet to decide on extending subsidy on raw sugar exports

Ø  Royal Bank of Scotland fined for IT failure: Regulator

Ø  Govt axes licence requirement for ammonium nitrate fuel oil explosives

Ø  India headed for capex revival, $360b in orders: BofA

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