Morning News Snapshot

Ø  ONGC, Mitsui agree for joint oil, gas exploration
Ø  Indian economy may grow by 4.8 % this fiscal: Ficci
Ø  Rajan unlikely to surprise on rate front this time around
Ø  Idea Q3 Net doubles to Rs 467.73 crore
Ø  NTPC hopeful of starting Katwa thermal project in few months
Ø  AT&T says it has no Vodafone acquisition plans

Ø  HUL net up 22% to Rs 1,062 cr, beats estimates
Ø  Final M&A guidelines for telecom in a week: DoT secy
Ø  Fed taper fear grips markets
Ø  Review on curbs on gold imports by FY14-end: FM
Ø  US & Japan: Manmohan’s foreign policy hit & miss
Ø  Zydus Cadila decides to exit Japan biz
Ø  Demand for audit of private power discoms gaining traction

Ø  Japan posts ¥ 1.3 trillion trade deficit
Ø  Ajanta Pharma records robust growth in income, net profit
Ø  IVRCL power division bags orders worth 475 cr
Ø  Tata Elxsi December quarter net rises over two fold to Rs 21.55 cr
Ø  IDFC agrees to removal o fDelhi-Gurgaon toll plaza

Ø  Telecom firms to pay spectrum usage charges at 5% of revenue
Ø  Adani Ports Q3 profit rises 25%
Ø  Allahabad Bank net profit up 4.6% at Rs.325.37 crore
Ø  OVL buy of Imperial’s Siberia deposits under audit scanner
Ø  JSW to raise steel prices by 1-2% in Feb

Ø  Market crash: BSE Sensex plunges 426 points, Hindustan Unilever shares gain on positive Q3 numbers
Ø  Escorts Ltd posts net profit of 45.55 cr in Q5 of extended fiscal
Ø  Glenmark Pharmaceuticals shares gain Oct-Dec earnings beat forecasts
Ø  7.5 cr Indian households without access to electricity: Report

Ø  BSNL, MTNL to exploit Rs 1,00,000 cr land bank
Ø  Fundamentals very strong, FinMin assures investors
Ø  Mirc to drop AC product plant project if govt fails to make policy change
Ø  BSE to move 41 stocks to ‘T’ group; NSE to shift 9
Ø  India Ratings ups outlook on telecom sector to stable
Ø  Moody’s cuts Sony’s credit rating to junk

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