Morning News Round Up :

Ø  Finance Ministry looks to divest stakes in 7 PSUs

Ø  RBI accords self regulatory organisation status to MFIN

Ø  Iraq unrest may lead to $15-20/barrel rise in oil price 

Ø  Government initiates steps to relax FDI policy in railways

Ø  Court likely to fix date for Satyam verdict on June 23

Ø  Nokia to repurchase shares worth $1.7 billion

Ø  General Motors hit with $10 billion lawsuit
Ø  RIL eyes Fortune 50 tag with $30 bn investment in 3 yrs

Ø  El Nino factor may push up food inflation: Assocham

Ø  US pharma client extends contract with HCL Tech

Ø  MCX gets powers to sell FTIL stake

Ø  Public sector lenders’ NPAs may shoot up again: Icra

Ø  Sebi board to meet today; slew of reform measures on agenda

Ø  Iraq’s largest oil refinery under ISIL’s control; call for calm unheeded

Ø  EIL enters into $139-million contract with Nigerian oil firm 

Ø  RComm plans for Global Cloud Xchange

Ø  Govt sets up panel to formulate national rubber policy 

Ø  GS selling may impact Zee Entertainment 

Ø  SEBI to tweak employee stock option norms  
Ø  RBI asks banks to disclose sector wise loans from FY15

Ø  FIIs need RBI nod to buy further shares in Kotak Mahindra Bank

Ø  UK says Mylan recalls batches of Indian-made antibiotic

Ø  Google: Internet influences real estate decisions worth $43 b

Ø  Blackstone sees Indian commercial real estate turnaround

Ø  Prolonged Iraq crisis could hit India hard

Ø  New Delhi to pay Tehran $1.6 bn on Iran-West detente

Ø  Higher gas price on extra output only: Oil ministry

Ø  SC refuses to give early hearing on plea to scrap HZL-Vedanta deal of 2002

Ø  India 143rd on Global Peace Index; violence costs $177 bn: Study
Ø  Reliance Retail will emerge as major growth engine

Ø  Safeguard duty on finished rubber products sought

Ø  SAT dismisses individual’s plea against Sebi order

Ø  Asset quality risks from power sector weaknesses to continue

Ø  Gas price hike: Mukesh Ambani says will win public trust

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