Morning News Round Up

Ø  ONGC scales highest-ever market capitalisation

Ø  India’s forex reserves up $1.97 billion

Ø  Birla to acquire 16% stake in Century Textiles

Ø  Essar Ports to invest Rs 3,000 crore in projects

Ø  Adani group slapped with Rs 5,500 crore notice

Ø  Narendra Modi will bring back black money in Swiss bank accounts for development
Ø  FII flows in debt seen picking up on stable govt

Ø  CBI to quiz Sebi chief Sinha, Damodaran

Ø  Bank deposits rise 14.8%, credit growth at 13.8%

Ø  FIIs pour in Rs 1-lakh cr since Modi declared BJP PM candidate

Ø  Vedanta puts Lanjigarh alumina refinery expansion on hold

Ø  Edible oil industry to see four-fold increase in capex this year

Ø  Over 30 entities under SEBI lens for unusual trading on May 16 

Ø  SEBI asks FinMin to consider tax sops for MF investments

Ø  Market value of top 9 Sensex cos zooms by Rs. 1.39 lakh cr 

Ø  Tata Chem to focus on farm, consumer businesses 

Ø  Edelweiss sees Sensex scaling 29K by Dec   
Ø  Volkswagen to invest €100 million on new models, localisation in India

Ø  AT&T said to aim to announce DirecTV acquisition by Monday

Ø  Wal-Mart to engage with new, stable govt

Ø  SpiceJet reports biggest ever loss of Rs1K cr in 2013-14

Ø  J&K Bank Q4 net profit flat at Rs250 crore

Ø  RBI’s early warning signal suggests Rs 66,000 cr NPAs

Ø  Retailing by organised sector, co-ops in Narendra Modi blueprint for reform

Ø  Clock ticking for Pfizer to raise AstraZeneca bid

Ø  Crisil calls for bold reforms to take India GDP growth to 7 pct

Ø  Jet Airways re-working profitability plan
Ø  Foreign trade policy expected after Budget

Ø  Hudco’s loan disbursement up 22% in FY14 to Rs 7,400 cr

Ø  Hindujas top UK’s rich list, top 1,000 own 518.9b pounds

Ø  New deadline for submitting applications for 3 coal mines

Ø  Bullion prices cool down as rupee grows stronger

Ø  Tata Steel, SAIL to take big hit if SC ban lingers

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