Morning News Round-up:

Ø  Cabinet approves amendments to GST bill, removes 1% addl tax 

Ø  SBI to refinance Rs 28,000cr in RCOM-Aircel merger

Ø  Wall Street ends lower after Fed keeps rates unchanged

Ø  RBI slaps penalty on 13 banks for FEMA violations

Ø  SBI kick-starts merger ops, appoints external parties

Ø  Govt drops plan for Rs 17.5k crore funds for telecom R&D

Ø  RPG Life Sciences to acquire Sun Pharma’s brands

Ø  SBI-Macquire in talks to buy Moser Baer’s power assets

Ø  Trade advisory issued against Chinese firms

Ø  Govt plans greater role in RBI’s debt market operations

Ø  Shinzo Abe’s $265 bn stimulus plan puts pressure on BOJ to ease

Ø  Lok Sabha passes Benami Transactions Amendment Bill

Ø  Sahara spurns $1.3 bn new offer for overseas hotels

Ø  Bharti Airtel reports 30% less profit at Rs 1,462 cr in Q1

Ø  JSW Steel reports highest ever quarterly PAT at Rs 1,109 crore

Ø  Analog Devices to buy chipmaker peer Linear for $14.8 bn

Ø  India orders four maritime spy planes from Boeing for $1 bn

Ø  YES Bank gets SEBI nod for sponsoring mutual fund

Ø  Stalled infra projects cause cost overrun of ₹1.6-lakh cr

Ø  Dr Reddy’s pins hopes on new molecules to invigorate profits

Ø  MRPL board to consider raising public holding to 25%

Ø  Apple’s plan to open retail stores in India on track

Ø  China’s Fosun to buy Gland Pharma for $1.3 billion

Ø  RBI’s forex war chest gears up for uncertainty

Ø  Maharashtra govt orders CAG audit of Tata Power, Rel Infra

Ø  Bajaj Auto Q1 profit rises 2% to Rs978 crore

Ø  RBI asked SBI to rein in CSR spending: Arundhati Bhattacharya

Ø  Yes Bank Q1 profit rises 32% to Rs731 crore

Ø   Cabinet hikes limit for foreign investment in markets to 15%

Ø  Sensex closes 48 points up in choppy trade, Nifty settles above 8,600

Ø  Amtek looking to sell non-core business, stake in overseas companies

Ø  China considers crackdown on risky wealth management products: Draft rules

Financial Chronicle

Ø  Monsoon to push GDP growth to over 8%: Panagariya

Ø  NAREDCO seeks easy bank finance for realtors

Ø  China’s LeEco to buy US TV maker Vizio for $2b

Ø  Canara Bank gets shareholders nod to raise capital

Ø  States asked to speed up implementation of e-NAM

Ø  Defence PSUs can float JVs with foreign firms

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