Morning News Round Up :

Ø  RIL to acquire control of Network 18 Media, to spend Rs 4,000 crore

Ø  US economy shrinks 1 per cent in first quarter

Ø  `Govt initiates process to raise FDI in defence to 100%

Ø  Mahindra & Mahindra credit rating upgraded to ‘AAA’

Ø  RBI’s fresh norms on new licences in next 4 months

Ø  Finance Ministry looking at insurance funding without raising FDI cap

Ø  Yes Bank to launch $500 million share sale

Ø  CAG says RIL charged more than approved gas price

Ø  Sebi might show brokers ‘red card’ for bad track record

Ø  Panel to assess surplus coal from Monnet Ispat’s mine rejigged

Ø  DoT seeks Trai suggestion on second phase of Unified Licensing

Ø  Punjab govt. asks local EOW to assist NSEL recover dues from 5 defaulters

Ø  Sun Pharma Q4 net profit rises 57% to Rs 1,587 cr

Ø  Participation of banks in commodity markets long overdue

Ø  ITC buys B Natural to juice up non-cigarette vertical

Ø  BCG- assisted ONGC to tap into ‘mini-Bombay High’ in K-G basin

Ø  Gulf Oil Lubricants to be listed on BSE, NSE

Ø  BHEL posts Rs. 1,844.59 cr profit in Q4 of FY 2014

Ø  Coal India’s consolidated Q4 net drops 18% to Rs4,434 cr  

Ø  ONGC’s net profit rises 44.3% to Rs4,889 crore

Ø  Bharti Airtel’s evolving outsourcing strategy

Ø  S&P hits record on growth bets despite GDP contraction

Ø  SC allows Sahara to sell overseas assets for Subrata Roy’s release

Ø  DLF posts Rs219.68 crore net profit during January-March quarter

Ø  Cipla profit drops 6% in March quarter

Ø  Narendra Modi minister vows fast clearances to infrastructure projects

Ø  CCI rules out anti-competitive ways against Snapdeal & SanDisk

Ø  Sebi probe continues in HDFC Mutual Fund front-running case

Ø  Indian Oil profit drops 35 pct as refining margins shrink

Ø  25% public shareholding norms should be for PSUs too: Sinha

Ø  Apple to get Beats, music mogul Iovine for $3 billion

Ø  Tata Teleservices to set up 4,000 wifi hotspots

Ø  India overtakes China as Sri Lanka’s main import source nation

Ø  I-T Dept asked share wealth details of defaulters with banks

Ø  Modi govt’s 1st Budget to give early economic trends: MSIM