Morning News Round Up :

Ø  Fin Min favours merger of smaller PSU banks

Ø  Biyani to pull out of merger talks with L&T for Future Generali

Ø  Non-compete clause for FDI in pharma not apt: RBI

Ø  Supreme Court allows 20m tonnes of mining in Goa

Ø  Foreign stake: HDFC Bank says law can’t apply

Ø  Tata Power Rs 2,000 crore rights issue oversubscribed by 1.96 times
 
Ø  TCS lays out strategy to get a foothold in Japan

Ø  Nokia to transfer assets to Microsoft by April 25

Ø  TCS, Mitsubishi to form software services company in Japan

Ø  Alstom bags 30 million euro contract from BHEL

Ø  Biocon gains 9% on drug data announcement speculation

Ø  PMO seeks status report on gas pricing

Ø  Option prices shoot up in anticipation of new government

Ø  SEBI may soon issue draft regulations on governance norms under listing agreement

Ø  IL&FS Engineering overseas arm bags Rs. 268 cr Saudi order

Ø  Bond issues worth Rs. 1.31 lakh cr rated in February 

Ø  FIIs allowed buying addl shares in South Indian Bank

Ø  Sugar dives on hand-to-mouth buying  
 
Ø  Hindustan Zinc expects only marginal improvement in FY15 output

Ø  Hero MotoCorp forms JV in Bangladesh; to set up manufacturing plant

Ø  CIL drops plans to enter shipping business

Ø  LIC Housing Finance’s net profit rises 17% in March quarter

Ø  India said to forecast normal monsoon rain as El Nino looms

Ø  SC reserves order on Subrata Roy’s plea against his detention

Ø  Bourses to shift Kingfisher Airlines, Jubilant to ‘T’ group

Ø  Wonderla Holidays IPO subscribed 42% on Day 1

Ø  LIC Housing Finance posted a net profit of Rs 370 crore

Ø  At Mt. Gox bitcoin hub, ‘geek’ CEO sought both control and escape
 
Ø  RBI likely to be in pause mode till Dec: BofA-ML

Ø  Handset business deal with Microsoft close on April 25: Nokia

Ø  Crisil sees economy growing at 6.5 pc in next 5 years

Ø  India reduces exposure to US government securities

Ø  Kokuyo Camlin to bring back fountain