Morning News Round Up :

Ø  Govt to slap additional penalty of $578 mn on RIL

Ø  ‘Iraq crisis not to affect oil supply to India’

Ø  FinMin may allow EPFO to invest 30% in equity market

Ø  ‘World saved $3.5 trillion from emergency oil stocks’

Ø  Govt gives in-principle nod to MoU with China for industrial parks 

Ø  Cabinet defers decision on gas price hike by 3 months 
Ø  Govt extends UPA’s excise sops for key sectors

Ø  Govt plans mega scheme for water transport network

Ø  S&P Dow Jones Indices set long-term growth plans in India

Ø  TCS wins 5-year IT services contract from Dutch insurance firm

Ø  CCI dismisses charges of unfair trade practices by Wipro GE

Ø  India most confident nation economically: Report 

Ø  Crompton Greaves combo bags Netherlands wind project

Ø   Uttam Value board nod to merger of steel engg unit with Lloyds Steels 

Ø  SEBI: Analysts will need professional degree, NISM certificate 

Ø  Mcleod Russel announces buy out of Vietnam tea unit

Ø  Strides Arcolab gets USFDA nod for generic skin disease cream
Ø  US economy shrinks 2.9% in first quarter

Ø  France sells €1.5 billion stake in GDF Suez to pay for Alstom

Ø  Citibank’s Asian wealth management assets crosses $250 b

Ø  Coal import prices likely to head lower

Ø  Crop sowing delayed by weak monsoon threatening prices

Ø  ECIL completes field trials of giant gamma-ray telescope

Ø  Govt fails to walk the talk, dithers on gas price hike

Ø  Govt may prescribe subsidy pill for pharma firms to upgrade plants

Ø  Sebi orders attachment to recover Rs 3.13 cr from Shiv Impexs

Ø  Dhamra port will be new ‘Mundra’ of the East: APSEZ official
Ø  RCom raises over Rs 4,800 crore through sale of shares

Ø  Govt likely to extend price control to more drugs

Ø  Domestic funds likely to flock to stocks from H2: Report

Ø  Sebi clamps down goat-rearing ponzi scheme

Ø  Interest on claims in DEAF only from date of a/c transfer: RBI

Ø  American brands hog domestic retail space with 30% share 

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