Morning News Round up

Ø Continued pullback in US Fed stimulus likely: Janet Yellen.

Ø Vodafone conciliation talks fail, tax dept to collect 20K cr.

Ø HC erred in bringing Telecos under CAG: SC told.

Ø SC orders status quo on Diageo-United Spirits deal.

Ø 3rd front govt may delay economic recovery: Moody’s.

Ø RBI imposes restrictions on intra-group investment by banks.

Ø Tata Steel clocks net profit of Rs 503 cr in Q3.

Ø Sebi asks big brokers to diversify software exposure.

Ø Moily condemns Kejriwal govt over FIR order.

Ø $13 bln JPMorgan Chase settlement challenged by NGO.

Ø Sahara tells SC group firms exchanged Rs 20,000 cr in cash.

Ø Imports down 18%, reducing trade deficit by half.

Ø NTPC pays Rs. 2,474 crore interim dividend to government.

Ø USFDA to speed up approval process for Indian drug mfrs.

Ø BSE launches institutional trading platform for SMEs.

Ø Mathew Martoma faces up to 20 years in jail over insider trading.

Ø NMDC to pay 550% second interim.

Ø NSEL crisis pulls down turnover in pepper futures.

Ø Dr Reddy’s net profit up 70% in Q3.

Ø India’s trade deficit narrows to $9.92 bn on 77% drop in gold imports.

Ø UBI risks breaching Basel III capital norms: Fitch.

Ø Fortis Healthcare net profit drops 41% to Rs.389 cr.

Ø Welspun Group exits from Leighton Holdings JV.

Ø Auction 3G spectrum only after new govt takes charge: Trai.

Ø EIL share sale subscribed 1.61 times.

Ø HC rejects plea for stay on TataAirAsia deal operationalisation.

Ø India warns U.S. about dumping investigation in solar trade spat.

Ø CBDT extends deadline for taxpayers to send ITR-V by post.

Ø Thomas Cook confident on turnaround as disposals hit target.

Ø Domestic car sales down 7.59% in January, bikes up 4%.

Ø India FY15 GDP to improve to 5.3% from 4.7% in FY14.

Ø Mutual fund industry assets at all-time high.

Ø CAG exposes alleged irregularities that cost Railways Rs 2486 cr.

Ø Price fixing of petro products done as per expert advice: Moily.

Ø IT sector exports seen picking up pace in FY15 – Nasscom.