Morning News Snapshot

Ø  Vodafone wins approval for $1.6 bn deal, to own 100% in India unit
Ø  Sebi chief UK Sinha’s term extended for 2 years
Ø  CCEA approves Rs10/quintal hike in cane prices for 2014-15
Ø  M&M plans to invest Rs 5,000 cr in 3 years
Ø  FinMin convenes meeting today on Balco stake sale
Ø  Heavy Industry Ministry not in favour of public offer for BHEL

Ø  Oil Min’s U-Turn: Regulator nod needed for CNG stations
Ø  ACC Cement sales dip while profits merely 3.3% up
Ø  Ambuja’s 2013 net remains flat; net sales declines 6%
Ø  EOW sends notices to freeze assets of Birla Power Solutions
Ø  BSES discoms move SC against NTPC; hearing on Friday
Ø  Maruti makes global debut of compact car Celerio
Ø  Bank unions to go on a two-day strike from Monday
Ø  Many hurdles in MCX-SX’s plan to review tech deal with FTIL
Ø  Bank of Baroda net rises to Rs. 1,048 cr in Q3
Ø  Reliance Infra Q3 net jumps 26% at Rs. 450 cr
Ø  EIL FPO gets lukewarm response on Day 1
Ø  Refiners hike palmolein rates on strong global cues
Ø  Balmer Lawrie acquires Vacation Exotica brand
Ø  Dhanuka Agritech declares 100% interim dividend

Ø  Cyrus Mistry to oversee Tata Motors operations
Ø  India delays Rafale jet deal on budgetary constraints
Ø  MRF profit drops to Rs.179.89 crore in December quarter
Ø  Great Eastern Shipping net falls 47%
Ø  Hindustan Media Ventures net profit rises 38%
Ø  Vodafone India posts 13% growth in organic revenue

Ø  Telcos in trouble as 900 MHz auction prices near 3G levels
Ø  Shah panel report on coal mining to be tabled in Parliament today
Ø  Hinduja group to invest $1 bn in India
Ø  ED registers money laundering case in QNet scam case
Ø  IDBI outrages investors by seeking conversion of bonds to Basel III

Ø  FMC to soon take a call on e-series payments
Ø  SAIL, Sasan and others assure 41MT of coal output in FY14
Ø  Tata Comm up; Vodacom close to Neotel acquisition
Ø  Big pharma pushes for US action against India on drugs
Ø  Power Grid Corp Q3 net profit narrows to Rs 1,042 crore
Ø  HCL ties up with Johns Hopkins to foray into healthcare sector

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