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Morning News Round-Up 24-Dec

Ø  UltraTech signs MoU with Jaypee for MP cement plants

Ø  US trade body asks India to remove regulatory hurdles

Ø  CCI clears Novartis-GlaxoSmithKline pharma deal

Ø  US third-quarter growth revised up to 5.0 per cent

Ø  IOC to invest Rs 6,800 cr on capacity expansion in Guj

Ø  Aditya Birla Group plans an entry into power sector

Ø  Sebi allows exit of Cochin Stock Exchange as bourse
 
Ø  NTPC the only bidder for Tamil Nadu UMPP

Ø  Users of nine highways to pay Rs 28,096-cr extra toll: CAG

Ø  Gujarat’s electricity regulator flouts own rules

Ø  Jaiprakash to sell two MP cement plants to Ultratech for Rs 5,400 cr

Ø  MCX gets FMC nod to launch crude oil mini futures

Ø  Sebi leads multi-agency probe into black money scam by listed companies

Ø  UltraTech broad clears buy out of JAL’s cement, power units 

Ø  TN textile sector wants to move up the value chain with govt help

Ø  NTPC board approves bonus debenture issue

Ø  Cipla bags Rs. 1,000 cr order from South African govt 

Ø  ACME to supply telecom infrastructure to PGCIL

Ø  Indian Immunologicals sets up bovine serum unit in New Zealand  
 
Ø  Govt slashes health budget by nearly 20% in fiscal 2015

Ø  US economy grows by the most in a decade on consumer spending gain

Ø  Ambuja Cements files special leave petition on tax incentives

Ø  RBI extends deadline to exchange pre-2005 currency notes

Ø  Future Retail’s Rs1,600 cr rights issue to open on 15 Jan

Ø  SAT asks Sebi for details in DLF case

Ø  GAIL India to pay royalty on Reliance Industries’ gas price

Ø  Jubilant acquires all outstanding shares of Cadista

Ø  Rate cut must to achieve 7-8% growth: Subramanian

Ø  Sobha Group signs deal with Doha Bank

Ø  Govt may opt for ordinance to push coal, insurance reforms

Ø  HCL Technologies Oct-Dec revenues to see adverse impact on stronger US dollar
 
Ø  PSU banks write off over Rs 1.06 lakh cr in last 5 years

Ø  Consultative panel MPs want clarity on GST beneficiaries

Ø  Cabinet to consider easing FDI norms for medical devices biz

Ø  Jaitley to meet state FMs on Friday for budget consultations

Ø  Goldman Sachs invests Rs 255cr in Vatika Hotels

Ø  Honda plans setting up car manufacturing plant in Gujarat
CLSA on Torrent Pharma: Reinitiates coverage with Buy, target ₹1,260

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