Morning News Round Up :

Ø  Cabinet approves raising FDI cap in defence to 49%, opens up railways 

Ø  Adani-IOC in talks for Rs 30 k-cr Mundra refinery JV

Ø  Airtel to sell shares in unit Bharti Infratel on Thurs

Ø  Raghuram Rajan warns of global market ‘crash’

Ø  LIC may invest Rs 60,000 crore in equities: Chairman

Ø  UltraTech Cement earmarks capex of Rs 7K cr for expansion

Ø  India won’t lift caps on FII investment in bonds: RBI Governor
Ø  NDA eases green rules to push investments

Ø  Tata group’s finances back on track after 7 yrs

Ø  No breakthrough on Insurance Bill

Ø  Maharashtra’s sugar output estimated at 8.8 MT in 2014-15

Ø  Goa gov to table revised mineral policy by month end

Ø  India set to become 2nd largest steel producer: ArcelorMittal

Ø  SAT upholds Sebi decision to reject public offer in GTL case

Ø  Govt approves 14 FDI proposals worth Rs 1,528 cr 

Ø  Cerner to buy Siemens Health Services for $1.3 bn 

Ø  RBI tightens regulatory norms for asset reconstruction firms

Ø  New Zealand awaiting Modi Govt stand on free trade pacts 

Ø  Bata India to merge two subsidiaries with itself 

Ø  Apollo Tyres to build €500-mn plant in Eastern Europe   
Ø  Rupee closes at five-month low of 61.51 per dollar

Ø  Italy’s GDP drops, shows country in recession

Ø  Lupin inks pact with South Korean firm to launch diabetes drug

Ø  Cognizant reports 23.8% rise in profit, cuts growth forecast

Ø  LinkedIn agrees to pay $6 million for overtime, damages

Ø  With few buyers, real estate firms go slow on new projects

Ø  Centre to give states Rs 25k cr to help push GST

Ø  Wilful defaulters to be in focus, says RBI governor Raghuram Rajan

Ø  New equity scheme of UTI MF to open on August 13

Ø  Adani Ports Q1 net profit jumps 36% at Rs 568 crore
Ø  Former Infosys officers call for $1.8 billion buyback

Ø  Global cues, profit-booking drag Sensex down by 243 pts

Ø  RBI to cut down pre-emptions to spur efficiency

Ø  Low prices, erratic monsoon boost cotton imports

Ø  EIH in talks for two China, Thailand hotels

Ø  Fiscal deficit of 4.1% an ambitious target: Rajan

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