Morning News Round Up :

Ø  TCS Q1 PAT down 4.5% at Rs 5,058 crore 

Ø  Gas price: Government joins arbitration initiated by RIL, partners 

Ø  US economy gaining traction despite weak housing

Ø  Cipla, Aurobindo, Emcure to supply HIV drugs for UN-backed programme

Ø  European Central Bank publishes revised calendar of 2015 policy meetings
 
Ø  RBI issues draft norms for small banks, payment banks

Ø  FDI jumps to 8-month high of $3.6 billion in May

Ø  Centre to bring in policies to address issues in renewable energy sector, says official

Ø  Sun’s US prospects improve on price hikes, approvals

Ø  ONGC warns key issues must be resolved before stake sale

Ø  Glenmark to set up new manufacturing facility in US

Ø  Australian industry, gas producers at loggerheads

Ø  US, EU impose fresh sanctions on Russia over Ukraine 

Ø  Strides Arcolab acquires stake in Oncobiologics Inc

Ø  Crompton Greaves board proposes demerger of consumer products biz

Ø   Calcutta SE set to sell ₹300-crore worth prime land 

Ø  IGATE inks $200-million multi-year pact with US-based insurance firm
 
Ø  Sebi issues draft rules for infrastructure trusts

Ø  India coal demand set to rise 6% in FY15, lifting imports

Ø  NTPC warns coal stocks for power plants running out

Ø  Adani taps POSCO E&C to build rail line for $15 billion Australia coal project

Ø  Bharti Airtel targets 18% Nigeria growth as regulators appeased

Ø  TCS trumps Street, wins 7 big deals in the quarter

Ø  Delhiites’ power bills to go up by 2.5% to 25%

Ø  Oilmin mulls gas pricing in rupee

Ø  Railways sitting on 47,336 hectares of vacant land

Ø  Carlyle exits India’s Repco. Home Finance, rises $78 million

Ø  Golboot sells Mahindra & Mahindra shares worth Rs 1,369 cr
 
Ø  Monsoon covers whole of India, cuts deficit to 35%

Ø  ‘Achieving Rs 6.24 lakh crore in indirect taxes a challenge’

Ø  Tech M partners WSU for aerospace engineering, automotive testing

Ø  RBI to license new category of banks
Ø  Lower tariffs for broadband from August 1