Morning News Round-up:

Ø  World economy stumbled in 2015, says UN

Ø  RBI announces timetable reduction in SLR

Ø  Raghuram Rajan warns companies about high debt

Ø  Telcos drag Trai to court on call drop compensation 

Ø  RBI lets IDFC Bank into Second Schedule list

Ø  RBI buys dollars in both spot and future market to rein in the value of the rupee

Ø   Steel firms allege safeguard duty being bypassed

Ø  Norm on 70% money in escrow to hit realtors’ cash flow

Ø  RBI introduces cross-currency options in exchanges

Ø  Centre may form panel to review national policy on farmers

Ø  Bharat Forge to supply aero engine parts to Rolls-Royce

Ø  Telcos set to roll out 3G on lower frequency band 900 Mhz

Ø  CBI interrogates Vijay Mallya on Kingfisher

Ø  Crompton Greaves: ‘SEBI should specify guidelines on open offer valuation’ 

Ø  Minority shareholder files suit against Cairn, Vedanta 

Ø  Fund mop-up via QIPs slumps 41% to Rs. 12,658 cr in April-Oct

Ø  Despite fall in gold prices, jewellery stocks fail to shine

Ø  Honda India to recall 90,210 units of diesel variants of City, Mobilio

Ø  Reforms needed for India’s sustained growth: Moody’s

Ø  Havells to sell 80% stake in Sylvania for over Rs1,070 crore

Ø  Texas billionaire backs Indian start-up Teabox over mutual taste for tea

Ø  Inox Wind buys out Sarayu Wind Power to expand presence in Andhra Pradesh

Ø  Maruti Suzuki to raise car prices from 1 January

Ø  Sensex snaps 6-day losing streak, closes 216 points up, Nifty50 settles at 7,683; Tata Steel, RIL gains over 3%

Ø  Asian Development Bank to lend $1 bn to Power Grid Corporation

Ø  IATA forecast airlines in 2015 to post profit of $33 bn

Ø  Govt collects Rs 21,054 cr via petrol, diesel cess in FY’15

Ø  India, Switzerland improve cooperation on tax matters

Ø  Deficient returns by Sebi-registered FIIs not defective

Ø  India-EU trade talks’ fate to be decided in January

Ø  November inflation seen above 5%, room for rate cuts narrows

Ø  GST will unify country as one market, RBI governor

Ø  Goa iron ore miners seek duty relief as prices dip

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