Morning News Round – Up :

Ø  RBI relaxes norms of refinancing long term project loans

Ø  Obama mulls airstrikes to help minorities in Iraq

Ø  India Inc’s Jul overseas direct investment down 53%

Ø  50% diesel and seed subsidy to farmers in rain deficit areas

Ø  RIL marked all correspondence with Oil Ministry, DGH

Ø  Coal Ministry considering report on Coal India restructuring: Minister
 
Ø  FDI not to be allowed in railway operations sector: Govt

Ø  Trade deficit rises in non-tyre rubber products

Ø  RBI may cut SLR to 20% to support liquidity coverage norms

Ø  UTI new fund offer timed for high returns in equity market

Ø  RCom receives Rs 650 cr from promoter group

Ø  Sun Pharma to retain Ranbaxy’s brands in most markets

Ø  Airtel offloads 4.5% stake in Bharti Infratel, raises Rs2,100 cr 

Ø  India wins US anti-dumping case on steel threaded rod 

Ø   Apollo Tyres’ plan to raise Rs. 1,725 cr gets shareholders’ nod 

Ø  Marico seeks to up market share by holding to prices 

Ø  Zydus gets USFDA nod to market Potassium Citrate ER tablets   
 
Ø  World food prices drop to 6month low as grain costs decline

Ø  Novelis Q1 net income up 2.5 times at $35 m on strong demand

Ø  India considers change in solar pricing model

Ø  Ultratech may see Rs 25 K cr revenue in FY15: chairman

Ø  Govt introduces two labour reform Bills in Lok Sabha

Ø  Tata Global plans 100 per cent sustainable sourcing by 2020

Ø  Sequoia-backed Skyscanner looks to Big Data as new business vertical

Ø  Banks sanctioned Rs 6,900-cr loan to Bhushan Steel in April

Ø  Andhra pipeline tragedy: GAIL expected to restart ops in phased manner
 
Ø  Tata Group is India’s most valuable brand

Ø  HC seeks Centre, RBI’s replies on plea against easing gold import curbs

Ø  GSKCH evaluating Physiogel, NiQuitin products for India

Ø  India offers to buy more U.S. helicopters, hopes to drive down costs