Morning News Round Up :

Ø  DoD to appoint merchant bankers for ONGC stake sale

Ø  BRICS bank to get going in 2 years; India to head for 6 years 

Ø  India’s Q1 trade deficit down 31% to $33.1 bn

Ø  Govt set to cancel approvals of 43 SEZ developers

Ø  Debt settlement pulls IGATE Q2 Net down 90%; bullish on Europe

Ø  FTIL sells MCX 4% stake; holding drops to 20%
Ø  Oil Min to move Cabinet to allow RIL to retain gas finds

Ø  Sun Pharma buys US-based Pharmalucence to boost injectable business

Ø  Govt clears 19 FDI proposals entailing Rs 2,327 cr investment

Ø  Import duty hike on raw sugar may boost domestic prices: Care

Ø  Sebi plans complete shift to demat format by FY15-end

Ø  China shows economic clout with push for new banks

Ø  Murdoch makes 80-billion-dollar offer to buy Time Warner

Ø  Engineering exports jump on higher US orders

Ø  IGATE profit slumps 90% on one-time debt charge

Ø  New norms will ease funding of infrastructure projects 

Ø  Oil refiners told to claim $315 m from Ravva venture partners
Ø  June trade deficit widens to $11.76 billion; exports rise

Ø  Adani’s Mundra SEZ gets environment clearance

Ø  Tata Capital invests Rs468 crore in Shriram Properties

Ø  Tata Power Delhi seeks to annul purchase contracts as fuel soars

Ø  Fox said open to offer more than $75 billion for Time Warner

Ø  ONGC for own facility to process east coast output

Ø  Gold takes sheen off trade data

Ø  Govt slaps $314-m notice on Ravva block consortium

Ø  Blackmoney: Over Rs 1 lakh cr illegal income detected

Ø  Samena picks up 30.6% stake in world’s largest ceramics maker
Ø  India Inc hails BRICS pact to set up New Development Bank

Ø  RBI says IDFC agrees to pare FII limit to 50.5 pc

Ø  Exports up 10.22 pc in June; high gold imports push trade gap

Ø  Indian economy doing most poorly among major world economies

Ø  NPPA order may not impact much, seeking legal advice: Reddy’s 

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