Morning News Snapshot

Ø  ‘FY14 trade deficit to be $144.9bn; CAD at $36.8bn’
Ø  Net capital formation rises 27% to Rs 89,834 crore
Ø  Bill Gates’ investment Optim Energy files for bankruptcy
Ø  Spectrum auction bids cross Rs 61,000 crore
Ø  CCI rules out competition violations by SAIL, L&T, 10 others
Ø  Power Grid board approves Rs 1,900 crore investment
Ø  Tata Com Dec quarter net profit at Rs 36.51 crore

Ø  IIP declines by 0.6%, inflation at 8.79%
Ø  Railways reports dismal financial performance
Ø  RBI allows FIIs to purchase shares in Pantaloon Retail
Ø  RBI to come out with a considered view of BitCoin: Rajan
Ø  GMR looks set to monetise coals assets worth $600 mn
Ø  Sebi to consider new corporate governance code today
Ø  US trade panel begins critical hearings on Indian policy
Ø  Russia keen to sell anti-missile defence system to India
Ø  Govt clears Rs.3,333/tonne sop for raw sugar exports
Ø  Engineers India follow-on offer subscribed 2.83 times
Ø  Cotton exports likely to be hit on Chinese move to cut inventories
Ø  Tata Elxsi redefines visual identity of St James’ Court
Ø  Toll tax stir in Maharashtra hits sugar despatch

Ø  Coal India Q3 net profit down 11.4% to Rs.3,894 crore
Ø  OVL to raise $2.5 b foreign loans to buy Mozambique stake
Ø  KFA posts Rs.822 crore loss as planes stay grounded
Ø  RBI plans money transfer via ATMs to non-account holders
Ø  Suzlon eyes US to set up future manufacturing base
Ø  H&M to open first store in India in 2014
Ø  Worried industry asks RBI to cut rates after Dec IIP contracts
Ø  Oil India Ltd Oct-Dec quarter net profit up 4 pct at Rs 902.96 cr
Ø  Sahara justifies cash dealings; blames Sebi for refund delay
Ø  Procter & Gamble Co cuts outlook on emerging market currency impact
Ø  Govt has raised demand of Rs 1,846 cr from 5 telcos: Deora
Ø  GMR Infra’s net loss widens to Rs 441 cr in Dec quarter
Ø  Wipro sees better growth in FY15, may not

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