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Morning News Round-up:

Morning News Round-up:

Ø  Budget 2016 may address retrospective tax concerns 

Ø  Rel Communications, Aircel rejig merger plan

Ø  NPAs of pvt banks grow faster than those of PSBs

Ø  First BRICS bank loan to India likely for solar project: Kamath

Ø  DRI unearths over Rs 1,000 crore scam in rice export

Ø  Govt comes out with draft norms for Euro VI emission standard

Ø  Buffett: US economy better than prez hopefuls say

Ø  Centre plans to revive Investment Commission

Ø  HC to pronounce verdict on Trai’s tariff order on call drop

Ø  India raises holding of US govt securities by $34 bn

Ø  Vijay Mallya’s USL exit: Kingfisher Airlines lenders to move DRT

Ø  Sebi board to discuss reform measures for AIF, start-ups

Ø  Mindtree shareholders approve bonus shares, top brass rejig

Ø  Kiran Mazumdar-Shaw backs move to have separate pharma ministry

Ø  Reliance launches sub-Rs 7,000 LYF smartphones

Ø  SEBI clamps down on over 40 illicit fund-pooling schemes

Ø  Panel moots 3rd party certification to reduce the regulatory burden

Ø  UltraTech buys JP group’s cement plants for Rs. 17,000 cr 

Ø  Su-Kam sees strong demand for rooftop solar power systems

Ø  Banks Board Bureau to be set up with Vinod Rai as chairman

Ø  Morgan Stanley fund marks down Flipkart stake value by 27%

Ø  Vedanta wins India’s first gold mine auction

Ø  NSE initiates listing plans, forms a listing committee

Ø  Sembcorp launches 2,640 MW power complex in Nellore

Ø  Govt asks RBI to pitch in for bank recapitalisation

Ø  Implement schemes for farmers, says PM to states

Ø  Global growth prospects clouded, need coherent response: OECD

Ø  Ratan Tata invests an undisclosed amount in home rental startup NestAway

Ø  Indian Hotels divests 1.24% stake in Belmond for $11.96 mn

Ø  FinMin working to remove unwanted discretions in taxation

Ø  Jaitley faces tough task of pleasing farmers, investors

Ø  Indian equity market gives third worst returns for FPIs

Ø  FDI up 40% to $29.44b in Apr-Dec FY16

Ø  M-cap of top six companies takes Rs 41,673-cr hit

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