Morning News Round Up :

Ø  Power sector faces $27 bn in annual losses: WB

Ø  Weak monsoon intensifies drought like conditions; prices may rise

Ø  Anand Mahindra sells entire stake in Ugine Steel

Ø  Govt mulls staggered LPG and kerosene price hike 

Ø  RCom to raise Rs 4,300 cr from investors, promoters

Ø  Government for single-window system to boost coal,steel,power output
 
Ø  Govt mulls Rs 1-lakh-cr road financing corp

Ø  NSEL urges banks not to extend credit to defaulters

Ø  Bombay HC upholds metro fares fixed by R Infra arm

Ø  RBI permits banks to appoint NBFCs as business correspondent

Ø  Sebi revamps secondary market advisory committee

Ø  NSEL pays to 70% e-silver investors, completes rematerialsation for e-gold

Ø  Industry veterans differ on panacea for sugar sector

Ø  SBI business per employee surges on large-scale hiring 

Ø  Engineers India gets Navratna status

Ø  India oil output drops marginally in May, gas production dips 

Ø  Sensex soars 338 points as Iraq crude oil supply fears abate
 
Ø  L&T relocates mining division to Kolkata; sees revenue rising

Ø  Honda plans new factory in Gujarat, to invest Rs4,000 crore

Ø  Government asks Coal India to improve performance to avoid restructuring

Ø  Toshiba drops plan to buy Alstom grid business

Ø  Retail sector in India to jump five fold to $200 bn, says Boston Consultancy Group

Ø   HSBC sells $ 12.5 bn worth Swiss assets to LGT Bank

Ø   Sebi seeks clarification on rival bids for Vijay Mallya group’s MCFL

Ø  Indian Hotels Company fixes rights issue price at Rs 55 per CCD
 
Ø  Budget session of Parliament from Jul 7 to Aug 14

Ø  CCI orders fresh probe against DLF; fears abuse in office biz

Ø  Road Min approves over Rs 40,000 crore highway projects

Ø  BSE overtakes NSE with higher F&O turnover with sudden spike

Ø  Govt proposes relaxing Companies Act for private firms