Morning News Round Up :

Ø  RBI to continue increasing forex reserves cover: BoFA-ML

Ø  Honda to set up world’s largest scooter plant in Gujarat

Ø  L&T Infra Fin looks to raise $1bn in PE fund

Ø  Telcom operators gross revenue up by 12% to Rs 60Kcr in Q1

Ø  Uproar over Lakshmi Mittal’s bid to buy UK mountain

Ø  Global funds in India via Mauritius dip below 10%

Ø  Insurance bill likely to be taken up by Rajya Sabha Monday
Ø  Govt may finalise policy on utilisation of surplus coal by Sept

Ø  Top-nine cos lose Rs 74k cr from market valuation

Ø  OilMin wants RIL to sell gas at $4.2; $6-6.5 price for others

Ø  Urea imports down by 18% at 16.65 LT in Apr-Jul

Ø  Pipavav Port to spend $100 mn to increase capacity by 50%

Ø  Trade unions to go on strike against FDI hike in insurance

Ø  RBI likely to keep repo rate unchanged 

Ø  Ship-breaking industry shifted from Steel to Shipping Ministry 

Ø  Govt to review crude oil sourcing norms of PSUs
Ø  Essel Propack eyes HUL’s oral care packaging deal 

Ø  Nearly 2,000 demat A/Cs stand frozen; SEBI recovers some dues   
Ø  Indian drug makers to pay higher facility fees to USFDA

Ø  Modi’s Nepal visit cements energy, trade ties

Ø  Warren Buffet’s Berkshire beats profit estimates as net income soars

Ø  Steel ministry to appoint consultant to boost SAIL profit

Ø  Andhra Bank net profit down 54% as farm loan NPAs rise

Ø  High returns in less time may mean big trouble: Sebi

Ø  Top 7 telecom firms owe over Rs 2,100-cr penalty to DoT: CAG

Ø  NSEL scam: Real estate, agriculture land procured using investor funds

Ø  Apple’s $450 mn e-book settlement wins court nod
Ø  Funds needed for SBI merger with subsidiaries: MD

Ø  Challenges aplenty for Sikka at Infosys: Analysts

Ø  Swiss gold exports to India rise to 42%; hit Rs 50k crore

Ø  DGH rejects ONGC’s three KG gas discoveries

Ø  TVS Motor July sales up 32.15% to 2,03,092 units

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