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Morning News Round Up :

Ø  TRAI to issue spectrum sharing recommendations

Ø  SC asks MoEF to decide on grant to Adani SEZ

Ø  NPPA caps price of 108 more medicines

Ø  ITC seeks to invest Rs 3,500cr in Telangana for paper unit; Microsoft to expand ops 

Ø  BRICS come up with their own IMF – New Development Bank
 
Ø  Govt imposes fresh penalty of $579 million on RIL

Ø  WPI inflation at 4-month low of 5.43% in June

Ø  Budget has no impact on India’s sovereign ratings: S&P

Ø  FMC asks NSEL to file recovery suits against all defaulters

Ø  Govt starts reforming the port trusts’ boards

Ø  MFs exposure to bank stocks hits record-high of Rs 55K cr

Ø  HCL Info to sell, service Lenovo PCs

Ø  Bajaj Holdings sells 2.75 lakh shares to Force Motors 

Ø  Man Industries shareholders nod to demerger

Ø  Basmati exports set to spread fragrance in US

Ø  Hike in FDI insurance cap to 49% is without any riders, says Mayaram
 
Ø  RBI makes partly paid shares, warrants eligible for foreign investors

Ø  United Spirits to buy JP Impex Incorp’s Karnataka-based assets

Ø  Strong Royal Enfield volumes aid Eicher valuations

Ø  Govt moves court against Sesa Sterlite merger over tax claim

Ø  JSW Steel faces new threat from West Bengal

Ø  CERC tells NTPC it will not change tariff regime

Ø  Govt challenges merger of Sesa Sterlite, says aimed at evading taxes

Ø  Railways to now pay more than it will get from IRFC

Ø  SC raps Centre over delay in green nod to Adani SEZ

Ø  EPFO sitting over Rs 26,497-cr ‘inoperative’ a/cs

Ø  Govt relaxes labour rules for oil & gas
 
Ø  34 power companies keen to sell plants to NTPC: Goyal

Ø  RBI allows NBFCs to use e-KYC service to verify identity

Ø  Jubilant Germany become world champions again

Ø  L&T gets over Rs 5k-cr order from Kuwait Petroleum Corporation

Ø  Banks working on setting up ‘Rural ATMS’: RBI 

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