Morning News Round-up:

Ø  Blackstone to invest over $2 bn in India over next 5-6 years

Ø  Binani Cement debt may be turned into equity

Ø  US jobless claims post largest increase since Feb

Ø  Big bang reforms for power sector; discoms get package for revival 

Ø  RBI allows residents to conduct FX swaps with multilateral bodies

Ø  Govt targets solar power tariff of Rs 4/unit: Goyal

Ø  DoT spectrum norms give boost to Ambani bros’ deal

Ø  Virtusa to buy 53% stake in Polaris for Rs 1,173 cr

Ø  Govt raises 2016 wheat support price by 5.2% to Rs 1,525/ 100 kg

Ø Bankruptcy proposals must address existing shortages: experts

Ø  Tata Steel to press ahead with cuts as China exports bite

Ø  L&T Construction gets Rs 2,048-crore job orders

Ø  Cipla profit up 44% on strong export growth

Ø  Geraets races to launch Maggi by Nov 15

Ø  India better placed among emerging economies in facing external vulnerabilities: FSDC 

Ø  ECB lowers emergency funding cap for Greek banks to €86 bn

Ø  Maldives impeaches vice president as emergency law deepens crackdown

Ø  Oil imports in Oct from Iran lowest since March-trade 

Ø  Gas dispute: ONGC claims share of benefits from RIL  

Ø  World food prices up 3.9% in October: UN food agency

Ø  RBI imposes Rs1 crore penalty on Dhanlaxmi Bank

Ø  India in talks to set up JV in South Africa for coal blocks

Ø  KKR acquires majority stake in Avendus for about $115 million

Ø  Jubilant FoodWorks Q2 profit falls 17.6% to Rs23.88 crore

Ø Manpasand Beverages to set up plant in Ambala

Ø  World may never see oil price at $100 a barrel again

Ø  Moody’s Analytics stands by its report; says report part of economic outlook series:

Ø  Investors would lose money in gold bonds if the govt cuts import duty from current 10%

Ø  Novartis India Q2 net rises multi-fold to Rs 104 crore

Ø  Govt, RBI on same page on monetary policy committee structure

Ø  Gold import duty may be cut to 2% this year: GJF

Ø  ACME bags 50-mw solar project in Uttarakhand

Ø  Irdai draft norms soon on e-tailing of insurance

Ø  SIP variants may not always meet expectations

Ø  Pratibha Ind wins Rs 1,023-cr order from Telangana govt

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