Morning News Round-up:

Ø  Telcos may seek withdrawal of Trai’s paper on free data
Ø  SEBI issues new norms for foreign portfolio investors

Ø  CME group may pick up stake in MCX

Ø  Minority shareholders take Ricoh India to task

Ø  One country can’t stop India’s NSG membership: US

Ø  India lifts ban on trade of certain items with Iran

Ø  Dubai awards Alstom-led consortium $ 2.88 bn metro 

Ø  Cabinet approves new mineral exploration policy

Ø  GST passage to be key to monsoon session success

Ø  General Motors’ market share goes below 1% in India

Ø  Sebi has no jurisdiction to pursue NSEL scam

Ø  New law allows shops, malls, eateries to stay open 24×7

Ø  Supereme Court declines stay on payment to Sasan UMPP

Ø  Service tax dept begins e-auction for Mallya’s luxury jet

Ø  Cabinet clears pay hike for 1 cr govt employees, pensioners

Ø  No dual power tariff for coop, public sector cogeneration plants 

Ø  ArcelorMittal buys back bonds worth $576.30 mn 

Ø  L&T Infotech’s ₹1,233-crore IPO to open on July 11 

Ø  Vedanta beats mine blues to generate ₹11,000-cr cash in FY16

Ø  Central govt staff disappointed, call for strike on July 11

Ø  Raghuram Rajan resists plan to fund banks from RBI coffers

Ø  Monsoon session of Parliament to start on 18 July

Ø  Brexit will not affect UK sale process: Tata Steel

Ø  Govt decides to extend budgetary grants to Gail, GSPC

Ø  Siemens India chasing large orders, says CEO Sunil Mathur

Ø  Govt targets $8.9 billion in energy efficiency cost savings          

Ø   India has shown sustained commitment to non-proliferation: US

Ø  SBI seeks DRT certificate to recover debts from Mallya

Ø  Irdai imposes Rs 10 lakh penalty on Max Life Insurance

Ø  Crayon Software appointed Microsoft’s cloud distribution partner

Ø  No expectation of major reforms from government: Ruchir Sharma

Ø  Consumer spending to rise 5% with central pay hike

Ø  Brexit to have major impact on earnings: Suzuki Motors

Ø  NMEP will permit auction of 100 mineral blocks

Ø  Toyota recalls 3.37m cars over airbag, emissions issues

Ø  Sensex rallies 216 pts on govt wage bonanza, GST hopes

Ø  Uday may not destabilise fiscal consolidation: Ind-Ra

Ø  GIC Re eyes new markets to grow foreign business

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