Morning News Round-up:

·         Telcos may spend Rs 1 L-cr on spectrum in next auction

·         Dabur set to roll out fruit-based fizzy drinks

·         AM Naik denies interference led to L&T Infotech executives’ exits

·         Chinese owners of Toshiba, Sharp chart out mega India initiatives

·         Tata Teleservices may shut CDMA operations in 850 Mhz band

·         Sri Lanka woos Indian pharma companies

·         Flipkart mulls big changes to its flagship sales event ‘Big Billion Day’

·         New residential project launches at three-year low

·         Bank of Baroda steps up lateral hiring under new chief executive PS Jayakumar

·         IOC refuses stake sale offer in Nagarjuna Oil project

·         4,000 MW available in exchanges at around Rs 2 per unit: Piyush Goyal

·         Poly Medicure to invest ₹60 cr in new facility in Haryana

·         UltraTech to pay ₹289 crore more for JP Associates’ cement units 

·         Global auto parts major ZF plans bigger play, new R&D unit in India 

·         Ramco Cements gets green nod to expand power plant in TN

·         NMDC slashes high grade iron ore prices by 5.5%

·         Hero MotoCorp inks 3-year wage pact with Gurgaon workers

·         Allcargo Logistics announces Adarsh Hegde as joint MD

·         Non-urea fertiliser prices slashed by up to ₹5,000/t

·         TeamLease acquires local rival ASAP Info Systems, enters IT staffing

·         Tata Sons to pump Rs 3k cr into Tata Teleservices

·         Myntra clocks its best end-of-season sale

·         Tyre industry petitions against imports from China

·         L&T to launch 5-yr plan, likely to focus on services business

·         Haryana pushes the envelope to go beyond Gurgaon-Manesar

·         Jaypee salvages UltraTech cement deal, loses control of Jaiprakash Associates

·         Narendra Modi set to reshuffle cabinet today

·         ICICI Bank sells Essar Steel loan exposure to Edelweiss ARC

·         Mukesh Bansal, Ankit Nagori raise $15 million for start-up CureFit

·         L&T Infotech aims to double revenue, profit in four years

·         After Tiago success, Tata Motors fast tracks work on micro SUV

·         1mg Technologies acquires diagnostic labs aggregator Medd

·         JSW Cement, Nirma among bidders for Lafarge assets

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