Morning News Round Up :

Ø  Govt plans to offload up to 10% stake in ONGC

Ø  ‘Airtel, Idea, RCOM may report modest growth in Q1’

Ø  Govt proposes 49% FDI in insurance; voting rights to 26%

Ø  RCom loses over 2 million subscribers in May: Trai

Ø  RBI allows diamond merchants to take credit from overseas suppliers

Ø  RIL completes acquisition of Network18

Ø  Paddy area down 25% so far this Kharif season
Ø  Emerging mkt peers pip India in past month

Ø  Competition Commission slaps Rs 25.67 cr penalty on Adani Gas

Ø  Govt approves Rs 1K minimum monthly pension under EPF

Ø  RBI doubles credit facility period to jewellery exporters

Ø  Companies to raise Rs 60,000 cr via stake sale this year: Crisil

Ø  NCDEX introduces direct delivery refined soy oil futures

Ø  Power Producers Assn, Ambani meet Naidu on gas supply woes

Ø  Capgemini, NIIT Tech in race for CIDCO’s 5-year IT deal

Ø  Sterlite’s power transmission arm raising ₹500 cr from Standard Chartered PE

Ø  IL&FS Transportation arm makes Barclays Bank as lead managers 

Ø  Mahindra Holidays to acquire 18.8% stake in Finnish Co
Ø  Nearly half of India’s coal power plants have one week of stocks

Ø  Sensex, Nifty hit record highs on budget hopes

Ø  Cipla to invest over Rs1,000 cr in UK unit

Ø  Lafarge, Holcim list asset sales seeking merger approval

Ø  Hero MotoCorp starts construction of Rs420 crore Colombian unit

Ø  Suzlon debt gains as India’s biggest defaulter faces holders

Ø  With Rs 6.75 lakh cr arrears, I-T dept on mop-up drive

Ø  Natural gas allocation policy to be rejigged

Ø  High subsidies on LPG, kerosene to remain a challenge: ICRA

Ø  ICICI Bank chief Chanda Kochhar eyes ‘right-value’ bank for takeover
Ø  Rail budget to spell out strategy to shore up revenue

Ø  Abu Dhabi Investment Auth sells Rs 420cr Kotak Bank shares

Ø  China confident about resolving differences over BRICS bank

Ø  Arvind plans to increase borrowing limit to Rs 5,000 crore 

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