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Morning News Round Up 28 Oct 14

Morning News Round Up 28 Oct 14

Ø  Japan’s SoftBank to invest $10 billion in India

Ø  L&T bags contract to build ‘Statue of Unity’ for Rs 2,979 cr

Ø  India to accept extra oil blocks in South China Sea

Ø  NSEL fraud: Government mulls revamp of FTIL board

Ø  Govt focusing on increasing farm productivity: Minister

Ø  Thomas Cook India acquires Canada-based Brainhunter Systems
 
Ø  India’s GDP likely to grow by 5.6% in FY15: World Bank

Ø  JSW Steel plans to add 6 mtpa steel capacity at Bellary plant

Ø  Alembic Pharma picks up 49% equity in Algerian drug firm

Ø  Govt considers raising import taxes on vegetable oils

Ø  Govt to consider raw sugar export incentive after Oct 29

Ø  Special court to fix date for Satyam verdict on Oct 30

Ø  PE investments up 47% at $3.1 bn in July-Sep: Grant Thornton 

Ø  HUL net profit rises 8% to Rs.988 cr

Ø  China to start direct trading between yuan and Singapore dollar

Ø   Future Supply Chains to acquire logistics firm Brattle Foods

Ø  SC refuses to interfere with decision to decontrol drug prices
 
Ø  Supreme Court refuses to hear challenge on NPPA decision

Ø  Brent crude oil drops below $85 after Goldman Sachs cuts forecasts

Ø  ONGC on the hunt for overseas producing assets

Ø  DLF shares fall as much as 9% on fears of probe into land deal with Robert Vadra

Ø  BPCL sets sights on becoming an integrated global energy firm

Ø  Govt has full info on 75 cases in HSBC list

Ø  Manufacturers mull separate lines for virtual and real world shoppers

Ø  ONGC western offshore assets see 11% rise in crude oil production

Ø  Using cash & pressure, China builds chip industry

Ø  Apple Pay faces challenge as two drug stores reject it
 
Ø  Dabur promoter among 8 named in blackmoney list

Ø  Alstom bags euro 85m Kochi Metro rail order

Ø  GST will cut high logistics, warehousing costs: WB

Ø  Honda recalls 2,338 Brio, Amaze, CR-V in India

Ø  United India eyes Rs 650 crore net profit for FY15

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