Morning News Round Up :

Ø  Govt to review Rs 6.5L-cr projects cleared by UPA

Ø  Sebi may allow investors to sell stakes via OFS

Ø  Survey: US companies added 179,000 jobs in May

Ø  Biocon extends partnership with Bristol-Myers Squibb

Ø  Finmin considering plan to form co to take over bad loans

Ø  Govt should not permit FDI in e-commerce: CAIT

Ø  Futures raising price volatility is a misconception: NCDEX
Ø  Govt may not implement gas price hike retrospectively

Ø  SC rejects Sahara chief Subrata Roy’s bail plea again

Ø  UP turns heat on private sugar mills over arrears

Ø  Japan, Kerala ink pact to promote bilateral business

Ø  DoT rejects Vodafone’s request to renew licences in seven circles

Ø  MP Power signs deal with KRBL for supply of 15 MW power

Ø  CII urges Govt to review the new company law

Ø  JSW Steel taken aback by NMDC price hike

Ø  BPCL’s two-year plan will see capacity grow by 10 mt 

Ø  Japan’s Dai-ichi Life to buy US firm for $5.7 bn 

Ø  IDFC to pare foreign investors’ stake below 50% ahead of banking foray

Ø  AT&T to buy 26% stake held by Mahindra in India JV  
Ø  Tesco suffers worst sales slump in ‘40 years’

Ø  Airtel challenges Safaricom supremacy in money-transfer

Ø  Glenmark sets up new biologicals plant in Switzerland

Ø  Coal India seeks shareholder nod to facilitate fertilizer JV

Ø  China preparing to cancel tariffs on rare earth exports

Ø  JP Morgan downgrades RIL to ‘neutral’

Ø  FMC pressurising MCX on FT stake sale; denies new contracts

Ø  PM likely to allow FDI in e-commerce in Budget, move to benefit online retailers Amazon, eBay

Ø  Arun Jaitley to hold pre-budget consultations from today

Ø  Govt must improve supply, storage of crops to counter El Nino: Assocham
Ø  RBI to auction Rs 20K cr under special term repo window

Ø  Double digit growth in two-wheeler segment to stay: TVS

Ø  Govt should follow 25% public-float rule for PSUs: Sebi

Ø  Bond yields hit 4-1/2 month lows on dovish RBI policy

Ø  Decision on farm loan waiver soon

Ø  Banks increase credit flow to real estate, service sectors 

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