Morning News Round Up 29 Oct 14

Ø  Fed ends bond buying, confident of US recovery

Ø  RBI allows all USBs to act as PAN service agent

Ø  India invites Saudi Arabia to invest in oil storages

Ø  UTI MF almost allows DLF to redeem investments

Ø  Karnataka offers exclusive industrial park to Japan

Ø  Government withdraws waiver given to spot bourses

Ø  FII stake in SKS soars to record high of 44.72%
Ø  Black money retrieval can add $30 bn to forex reserves

Ø  ONGC topples RIL to become highest ranked Indian energy firm

Ø  India slips two notches in ‘ease of doing business’ ranking

Ø  ITC’s e-cigarettes likely to Health Ministry roadblock

Ø  Surveillance system finds traction among small brokers

Ø  Sebi to caution investors against PACL

Ø  Dr Reddy’s Laboratories Q2 net down 16.8% at Rs. 574 cr

Ø  India ranks 142 in ease of doing business: World Bank

Ø  Govt hikes MSP of wheat by Rs50/quintal 

Ø  IL&FS Engineering bags W Bengal State Electricity contract

Ø  Power Grid commissions Nellore-Kurnool double circuit line 

Ø  For financial fizz, United Spirits to run Diageo’s India business 
Ø  Norway’s $860 billion wealth fund bets big on India

Ø  Cognizant to invest Rs500 crore in Hyderabad facility

Ø  SBI cuts interest rate on short-term deposits to 5%

Ø  Warburg Pincus invests Rs550 crore in Laurus Labs

Ø  Sensex, Nifty close at 5-week high ahead of Fed meet outcome

Ø  Govt mulls almost doubling injection into banks

Ø  Finmin paper for income policy instead of MSP

Ø  Petronet loses Rs 400 cr on Kochi pipeline delay

Ø  Vizhinjam Seaport notches R800 crore from VGF kitty

Ø  Tech Mahndra Q2 net profit at Rs 719.7 cr; revenue up 15 %

Ø  FIIs raise exposure in IT, finance & pharma firms in Sept qtr

Ø  Hero MotoCorp gains on RBI’s FII investment approval
Ø  Adani hires consultant for $6.2b Australia coal project

Ø  India most bullish consumer market: Nielsen survey

Ø  SAT to hear DLF’s plea against Sebi order today

Ø  OBC Q2 net rises 16% to Rs 291 crore

Ø  Oil India seeks more hydrocarbon concessions globally

Ø  Subsidised LPG rate hik[truncated by WhatsApp]

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