Morning News Round Up :

Ø  Novartis buys GSK’s cancer drugs for $14.5 billion

Ø  L&T Finance Holdings in talks to buy YES Bank: Sources

Ø  SC order renders all mining leases in Goa illegal: CM

Ø  RBI for 2-stage verification for online banking

Ø  India concludes pact with US on tax evasion under FATCA

Ø  GMR Infra signs for Philippines airport, pays $320 million

Ø  HDFC Bank Q4 net jumps 23% to Rs 2,326 cr

Ø  Suzuki has to double equity in Gujarat arm

Ø  RIL tells SC it was victim of a ‘honey trap’

Ø  Lift on mining ban in Goa brings little cheer for SSLT

Ø  Hind Zinc will rework mining plans to boost volumes

Ø  NSE may extend scope of ‘Freak Trade’ limits on derivatives

Ø  Technological advancements in banking a threat to system: Bankers

Ø  DoT decides to maintain status quo on security clearance

Ø  Rupee falls below one month low; closes at 60.77

Ø  Satyam scam: CA Inst finally brings its erring members to book

Ø  Nokia’s Chennai unit may be made contract manufacturing facility

Ø  TechM wins Microsoft’s US contract

Ø  RBI tightens rules on bank guarantees to overseas units of Indian firms

Ø  Kedaara Capital invests Rs200 crore in Mahindra Logistics

Ø  Samsung says $2 billion for Apple patents 57 times too much

Ø  India’s 10 year bonds gain; Friday’s debt sale in focus

Ø  Glenmark to pay up to $25 mn in damages to Abbott Labs

Ø  RNRL, Anil Ambani serve defamation notice to authors of Gas Wars

Ø  Fuel demand grows by 0.7 pct in FY14, slowest in last 12 years

Ø  LIC Housing Finance net up 17% on higher interest income

Ø  Netflix poised to raise prices after strong 1Q

Ø  China to cut reserve requirement ratio for rural banks

Ø  MRF Q2 net profit dips 19 pct at Rs 171 cr

Ø  RBI may set new pricing norms for state debt in phases

Ø  Cox & Kings cashes in on soccer mania, ties up with LFC ELITES

Ø  TCS merges Japan unit with Mitsubishi arm

Ø  International Tractors signs pact with L&T Finance for vehicle loans