Morning News Snapshot

Ø  India may produce record 263.2 MT foodgrains this year
Ø  Bank unions to go on two-day strike from Monday
Ø  DLF sells Amanresorts to Adrian Zecha for Rs 2,200 cr
Ø  US economy may be stuck in slow lane for long run
Ø  9 foreign investment proposals worth Rs 798.73 cr approved
Ø  Sesa, JSW accuse each other of manupulating iron ore prices
Ø  US taper has less direct impact on India: Mark McCombe, BlackRock

Ø  Lehman impact shakes up India Inc’s league table
Ø  CAD likely to decline to $45 bn in FY14: FinMin
Ø  Bitcoin gang inches towards 100-member mark, hits $13-bn
Ø  Top-6 cos lose Rs 41,307 cr in m-cap; TCS, Infy hit
Ø  Sebi finalising new corp governance code, insider norms
Ø  Ashok Leyland looks to grab defence sector market
Ø  Wockhardt Q3 PAT dips 29%
Ø  Cairn set to begin exploration in Krishna-Godavari offshore block
Ø  Gold-linked money pooling schemes under SEBI scanner
Ø  Textile export subsidies distort normal trade, Turkey tells India
Ø  SBI to hike minimum fee for cash deposits at non-home branches
Ø  Dena Bank defers QIP issue on weak market sentiment

Ø  FTIL criticizes MCX directive to reduce stake to 2%
Ø  Thomas Cook pays top dollar for Sterling
Ø  Toyota close to $1 billion deal to settle US probe
Ø  Spectrum bids reach Rs.56,554 cr after 42 rounds of auction
Ø  Gold tumbles on profit-selling, lack of demand
Ø  Madhucon plans to sell 74% stake in project

Ø  India’s fiscal deficit likely to come down to 4.7 pct in 2013-14
Ø  FII stake in SKS Microfinance surges to 38% in Oct-Dec qtr
Ø  Punj Lloyd may sell stake in Medanta Medicity Hospitals
Ø  LIC raises stake in Indraprastha Gas Ltd to 7.2 per cent
Ø  Pharma exports to overtake domestic sales in FY15: India Ratings
Ø  Dec quarter earnings, macro data to drive markets this week: Experts
Ø  Govt approves FCI plan to raise Rs 8K cr via long-term bonds
Ø  Cargill buys Leonardo olive oil biz from Dalmia Continental
Ø  CESC to set up 10 .6mw solar plant in TN
Ø  Deloitte submits draft report on Coal India restructuring

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