Morning News Round Up :

Ø  Indian economy may grow 4.9% this year: OECD 

Ø  ONGC in South China Sea: Beijing sets up oil rig

Ø  ‘Rising bad loans threaten gradual economic recovery’

Ø  Sistema JSFC seeks nod to up stake in India unit to 100%

Ø  Minors over 10 yrs can operate bank accounts: RBI

Ø  FMC notifies new ownership, shareholding norms for commexes

Ø  Indian docs more likely to be struck off in UK: Report
 
Ø  HDFC Q4 net up 11% at Rs 1,723 cr

Ø  NTPC can cut power to BSES if not paid: SC

Ø  MCX to take action against 7 officials mentioned in PwC report

Ø  Subrata Roy to remain in jail, SC upholds his detention order

Ø  Ahead of new govt, Parekh panel to give infrastructure roadmap

Ø  Sugar output drops 3.4% to 23.75 mt so far: ISMA

Ø  No penalty if minimum balance not kept in dormant bank account

Ø  Merck to sell consumer care biz to Bayer for $14.2 bn

Ø  Opto Circuits to rise up to $250 mn through securities 

Ø  Sunil Mittal to co-chair World Economic Forum on Africa 2014

Ø  Sweeping powers to bourses: Experts for gradual approach by SEBI

Ø  IFC picks up 8% stake in Religare Enterprises  
 
Ø  No permission needed to probe senior officers for graft, says Supreme Court

Ø  GE bid for Alstom is ‘not acceptable’, says France’s Hollande

Ø  Morgan Stanley fined $5 million over sales of 83 IPOs

Ø  Ultratech Cement may consider buying Holcim-Lafarge assets

Ø  Fertilizer min seeks to cut non-urea units off KG D6 gas

Ø  Chances of El Nino now exceed 70%: ABoM

Ø  TCS, Infosys in fray for Airtel’s $1-2 bn IT contract

Ø  Financial Technologies cries foul over new FMC norms cutting entire stake in MCX

Ø  CERC seeks details of IPO benefits from Reliance Power

Ø  Microsoft to tie up with telco to sell its applications, games
     
Ø  Private sector output contracts for second successive month

Ø  Mutual funds lose 16 lakh folios in 6 months till March

Ø  ATMs to offer any time advertising, value-added services

Ø  RBI cancels registration certificate of 5 NBFCs