Morning News Snapshot

*FY14 growth may fall to 4.7%

*India’s forex reserves up $1.45

*CAD to come down to 2% of GDP this fiscal: Rangarajan

*Bimal Jalan Panel: New Banking licence in India will hold its last meeting      tomorrow

*Govt suggests PSU banks sell non-core stake

*Govt approves 8 FDI proposals worth $ 165 mn

*Compaies get more time to pay for spectrum: DOT
*Telcos M-cap sinks under rising debt

*US not targetting India drug firms says FDA

*Moily denies AAP’s charges, rules out scrapping of RIL pact

*Natural Gas Allocation: City distributors likely to get priority over power
firms

*Heavy Ind Min Praful Patel wants FM to grant $ 5mn to kick start electric
vehicles mission

*India to adopt global financial standards from April next year

*7 fund houses have raised a red flag over Suzuki’s plan to set up a
manufacturing unit in Gujarat

*D6 block: BP,Niko want to pitch in for bank guarantee

*PwC picks many holes in MCX deal; about $145mn spent by bourse in transactions
with hundereds of related parties, finds audit ordered by commodities mkt
regulator

*DLF sales bookings up 46%

*NTPC to set up plant in Bihar

*Major fire guts Ceat tyre factory near Mumbai

*Baring Asia emerges as sole bidder for CARE

*SAIL to scale down investment by 22% to $1.45bn

*Adani’s unit to get tariff relief

*Tube Investments de-risks with equal spread across segments

*DCM Shriram plans buyback

*United Bank loooking at debt rejig loan recoveries to bring down NPA’s

*JM Fin forays into global M&A space with foliage deal

*Rasoya charts $8mn capex to set up new units