Morning News Snapshot

Ø  Tata Motors Q3 net profit up 195% on JLR sales
Ø  Impose 30% cess on diesel cars, panel tells SC
Ø  Oil Ministry seeks Rs 26k cr as fuel subsidy for Q3
Ø  New Code of Conduct in works for credit rating agencies
Ø  Jet to raise $300 million in ECBs to trim high cost debt
Ø  RBI halts further FII purchase of DB shares
Ø  Mining ban led to 10% loss in Goa’s GDP in 18 months: Manohar Parrikar

Ø  Keep us in loop before any FDA swoop, India tells US
Ø  CCEA may again discuss raw sugar export subsidy today
Ø  Govt banks knock on LIC’s door for capital infusion
Ø  Amfi’s Imfi wins SRO race, gets Sebi’s in-principle approval
Ø  India, US ink deal co-operate for medical products
Ø  DLF gets Rs 676 cr refund from DDA after settling disputes
Ø  SBI to lend Rs 3k cr to telecom players for spectrum buy

Ø  Govt allots 1,972 acres of salt pans for industrial parks
Ø  Bharatiya Kisan Sangh demands Rs. 70,000/tn MSP for castor seed
Ø  RBI allows FIIs to purchase up to 30% shares in Dabur India
Ø  Adani Group may seal Rs. 7,000-cr Dhamra deal with Tata, L&T by mdi-2014
Ø  Indian banks’ asset quality to remain subdued for next 12 months: S&P

Ø  SC orders ‘status quo’ in United Spirits-Diageo deal
Ø  Bank operations hit across the country as staffers strike
Ø  Ministry mulls Rs.6K Cr subsidy to discoms for cheap power
Ø  India raises concerns over FDA actions on domestic drug firms
Ø  Dhanlaxmi Bank posts largest quarterly loss atRs.119 crore
Ø  Carlyle Group sells majority stake in Cyberoam to Sophos

Ø  Markets flat with IIP, CPI and WPI due this week
Ø  Govt examines report on Rel Com accounting practices
Ø  Telecom stocks tank up to 8.5 pct amid mobile spectrum suction
Ø  Network18 Media reports Rs 11.72 cr loss in Dec qtr
Ø  IOB to raise Rs 400 cr by selling shares to LIC

Ø  Headwinds for banks to continue in 2014: S&P
Ø  U.S. to announce trade enforcement action linked to India
Ø  Govt to examine impact of FTAs
Ø  Foreign assets of MFs down 19% at about Rs 3K cr in FY13
Ø  India’s economic growth likely to be ‘below trend: OECD
Ø  Govt extends EIL share sale by two days due to bank strike

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