Morning News Round Up

Ø  RBI to invite applications for bank licences: G S Sandhu

Ø  DIPP defers compulsory licence for cancer drug

Ø  India makes pitch for Chinese investments in SEZs

Ø  Govt oil subsidy bill to be cut by 60% in FY15

Ø  US budget deficit shrinks to lowest level since 2008

Ø  Finance Ministry restructures indirect taxes formations

Ø  Adani, Jindal Power, Sterlite, GMR of UMPPs race

Ø  Tata in talks to sell UK steel plants to Swiss group Klesch

Ø  Trai suggests 10% increase in 1800MHz reserve price

Ø  Opec split over tumbling crude prices but US companies safe

Ø  TUF proposed to be restructured under new textile policy

Ø  Bharat Forge to partner with France-based Safran for aerospace market

Ø  Alstom T&D wins Rs 138-cr contract from Power Grid Corp

Ø  Guidelines for small finance banks soon: RBI Governor

Ø  Unions oppose sale of Tata Steel’s European unit

Ø  Citi pulls out of consumer banking in 11 countries, profit jumps

Ø  Pension regulator to pitch for tax break on NPS withdrawals

Ø  BSE brokers’ forum gets land for commercial tower at GIFT City

Ø  Canada offers wood-based technology for ‘housing for all’ scheme

Ø  WPI inflation nears five-year low; trade deficit widens

Ø  Future Retail gets Sebi nod for Rs1,600 crore rights issue

Ø  Mindtree Q2 net profit rises 7%

Ø  Brent crude oil extends biggest plunge since 2011 on glut; WTI nears $80

Ø  Qualcomm agrees to buy UK chip maker CSR for $2.5 billion

Ø  PFRDA moves to grey areas in regulation of old age income security schemes

Ø  ‘No auction without adequate spectrum’

Ø  IndiGo’s $26-bn, 250-plane order is biggest ever for Airbus

Ø  New policies set to relieve labour pain

Ø  ED probe finds no FDI violation by Flipkart

Ø  DLF shares plunge: Promoters take biggest hit of Rs 5,500 cr

Ø  Chinese waste USD 32.6 billion worth of food every year

Ø  Govt seeks info on cancelled coal blocks

Ø  Govt plans tighter norms to check ponzi schemes below Rs 100cr

Ø  Sebi-DLF case: Assocham questions role of intermediaries

Ø  Gold imports jump about 5-times in Sep on global price slide

Ø  Siemens gets nod to set up 6 more centres of excellence in Gujarat

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