Morning News Round Up:

Ø  FIIs up stake in Reliance Ind to 7-year high at about 20%

Ø  Vedanta to increase its shareholding in Sesa Sterlite

Ø  Pvt cos may be permitted to commercially mine coal

Ø  DoD to appoint bankers for NHPC sake sale

Ø  India among biggest UK foreign investors: Report

Ø  Trai may allow sharing of all kinds of spectrum

Ø  India, China likely to sign MoU for cooperation in Railways
 
Ø  India to say no to WTO trade facilitation deal

Ø  CAG flays oil firms for overcharging customers by Rs 26K cr

Ø  Sebi attachment orders cross 1,300-mark; Govt readies new bill

Ø  ONGC restores ‘near normalcy’ at Mumbai High

Ø  PFC under process to select developer for 3 coal blocks

Ø  IRF records trades worth Rs 67,712 cr in Apr-Jun

Ø  World Bank chief to meet Modi, review key development priorities 

Ø  G-33 backing strengthens India’s stand on food subsidy at WTO 

Ø  UltraTech Q1 net down 6% on operational cost 

Ø  Kotak  Bank to buy 15% stake in MCX

Ø  India slips 10 places in innovation rankings; worst among BRICS nations
 
Ø  Wipro wins $1.1 billion deal from ATCO, buys its IT services unit

Ø  NSEL defaulters: court sets up authority to liquidate assets

Ø  HDFC Property Fund raises $250 mn via offshore fund

Ø  Capital goods revenues to stay under pressure in first quarter

Ø  BPCL to turn around Bina unit by year end

Ø  ONGC for market pricing to outsource small fields

Ø  Queue for fund raising gets longer as investors bet on India recovery

Ø  E-tailers force Big Retail to discount, early & deep

Ø  FM to meet I-T brass, discuss steps to raise advance tax receipts from auto sector, LLPs
 
Ø  Q1 earnings, global cues to drive stock markets

Ø  Reliance Industries posts 13.7 pc jump in Q1 profit

Ø  Nomura forecasts 6 pc growth in 2015 for India

Ø  Set to grow faster, but won’t sacrifice profitability: ICICI Bank

Ø  Rupee third on fake foreign currency list in Switzerland