Morning News SnapShot

➢   RBI allows asset reconstruction co to convert debt into equity ➢   RBI moves on gold loans positive for NBFCs: Crisil ➢  ‘Bharti may raise up to $2 bn from Africa tower sale’ ➢   Government restores export incentives for cotton yarn ➢   Tata Power: Spent Rs 1,000 cr on transmission network ➢   Bharti Infratel profit rises 62 pc to Rs 411 cr in October-December ➢   Disinvestment, dividend to add Rs 55,000 cr in govt kitty ➢   Order on notes not an attempt at demonetisation: Rajan ➢   Hike in FII cap to help Axis Bank stake sale: Fitch ➢   Non-operational items curb Cairn’s profit growth ➢  RBI extends debt recast benefit to NBFCs ➢   L&T Fin Q3 net profit down 62% at Rs 109 crore ➢  MTNL, BSNL likely to offer free roaming plans from Jan 26 ➢   Biocon Q3 net up 14% at Rs 105 cr ➢   Labour cost, domestic market to drive FII in India: EY ➢   KPIT Tech shares slump nearly 14% post earnings ➢   Kirloskar Bros installs world’s largest water pumping system ➢   Amara Raja Batteries posts Rs 95-cr net profit ➢   Sensex climbs to record; L&T, HDFC gain on earnings ➢   Novartis net profit drops 50% to Rs.15.2 crore ➢   Dish TV reports net loss of Rs.38.2 crore in Q3 ➢   Essar Ports net profit up 4% at Rs.94 crore ➢   New NBFC loan recast norms carry 5% provision clause ➢   Jhunjhunwala’s Rare Enterprises buys Rs 11.50-cr Radico shares ➢   Allow legitimate mining to eradicate poverty: Anil Agarwal ➢   SBICAP invokes pledge of 11.55 cr shares in KFA ➢   India to create 100m jobs in manufacturing sector: Sharma ➢   Coal availability key to rise in power generation in FY15′ ➢   Pushing Sebi Bill, Chidambaram writes to Lok Sabha speaker ➢   Tata Chem to focus on farm, consumer product businesses ➢   Unichem Lab gets USFDA nod for Metronidazole tablets