Morning News Round Up 23 Sep 14

Ø  Govt mulls ETF with L&T, ITC and some blue chip PSUs

Ø  Modi govt set to ease norms for FDI in construction

Ø  BofA-ML sees India’s current fiscal CAD down at 1.7%

Ø  ‘State-run banks need $37bn in capital to meet Basel III norms’

Ø  CIL has signed fuel supply pacts for 161 power units

Ø  RINL files papers for IPO; govt to divest 10% stake

Ø  Unrealised tax revenue at over Rs 74K cr; CAG for close review
Ø  Street expects RBI to hold rate for entire year

Ø  Supreme Court order on coal blocks could force nationalisation

Ø  CAG begins performance audit of fuel linkages for IPPs

Ø  L&T wins Rs 1,577 cr contracts

Ø  Softening crude prices to help meet fiscal deficit target

Ø  PNB approves 1:5 share split to increase liquidity of scrip

Ø  GMR signs agreement with Nepal for 900 Mw project

Ø  Goa mining clamp: Sesa Sterlite resigned to idling capacity

Ø  United Spirits to offload 11.35% stake in Pioneer Distilleries 

Ø  Complete clarity on gas price to emerge by this month-end: Petroleum Ministry official 

Ø  Gold-silver ratio signals further bearishness

Ø  JK Tyre & Industries to consider stock split 

Ø  Tyre, rubber industries highlight disparity in stock figures to Ministry       
Ø  Delhi high court dismisses Haryana’s plea against Maruti Suzuki

Ø  Telecom M&A guidelines need to be reworked: Trai chairman

Ø  Coal India may build Rs7,000 crore of solar projects

Ø  Yahoo acquires Bangalore start-up BookPad

Ø  NHPC’s share sale news shorts investor sentiment

Ø  Service taxes set to get a big infrastructure bump

Ø  Coal India to raise prices 10%

Ø  India and US may ink deal on foreign account tax compliance

Ø  India urges all nations to join tax information pact

Ø  Whistleblower disclosure: SC agrees to consider plea for recall of its order, seeks SPP’s assistance

Ø  IFC clears $100 mn loan for ACME Solar Rajasthan Project
Ø  Govt removes 3 independent directors from ONGC board

Ø  NSE chief woos China’s financial institutions, stock exchanges

Ø  Easing liquidity may make RBI less hawkish: Deutsche

Ø  Indo-US trade poised for exciting times: US official

Ø  Automatic exchange of info to help unearth blackmoney: India

Ø  China slowdown worries hit world stocks, commodities

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