Morning News Snapshot

Ø  Govt offers to relax FDI norms in construction

Ø  Coal blocks: HC stays encashment of bank guarantee

Ø  Loop Mobile acquisition positive for Airtel: Moody’s

Ø  Ranbaxy and Teva settle with NY Attorney General over collusion

Ø  Industrial output may contract up to 1.5 % in Jan: D&B

Ø  Facebook to buy WhatsApp message service for $19 billion 

Ø  RBS agrees to $275 million mortgage-debt settlement
Ø  RIL to raise over $1 bn through export credit agencies in 4 months

Ø  Govt seeking to tax one event twice: Vodafone

Ø  India’s FDI inflows unchanged at $1.1 b in December: DIPP

Ø  United Bank blames Infosys software for wrong NPA entries

Ø  Govt slashes gold hallmarking fees for jewellers in small towns

Ø  Delhi HC approves IDFC takeover of Delhi Gurgaon expressway

Ø  Govt share in EPF scheme consistently witnesses shortfalls: CAG

Ø  Oil subsidy provision falls short of Rs. 42,200 cr for March qtr: Moody’s

Ø  NCDEX cuts transaction charges to attract volumes 

Ø  Bharti Airtel crosses 200 mn mobile subscriber mark

Ø  Maruti, Hyundai cut prices after excise duty reduction 

Ø  Elder Pharma appoints Deloitte to restructure biz, brands 
Ø  Telecom M&A guidelines within 10 days, says telecom secretary

Ø  Mukesh Ambani said to give top RIL oil executive telecom duties

Ø  Govt may hike EPF interest rates further: minister

Ø  Sun Pharma gains on US FDA approval of bone drug

Ø  Goldman Sachs, Mitsui to investRs.315 crore in Global Beverages and Foods

Ø  Income-Tax raids at 37 premises of Uflex Limited unveils Rs 100 crore ‘scam’

Ø  Vodafone blames India for collapse of $2 bln tax dispute talks

Ø  Chanda Kochhar says bring back growth, vibrancy into economy
Ø  Cabinet may take up coal regulator proposal today

Ø  Listed companies face heat for violating disclosure norms

Ø  America has one of the most open economies in world: Froman

Ø  Singapore passes temporary law to keep order in Little India

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