Morning News Snapshot

Ø  RBI doubles foreign investors’ sub-limit in govt bonds to $10bn
Ø  FDI flows into India up 17 % to $ 28 b in 2013: UN report
Ø  Eight telcos to bid in spectrum auction next week
Ø  Liberal policies makes India top investment destination: Govt
Ø  Ranbaxy’s plant under Indian regulator’s watch too
Ø  Gas prices may rise over $9 as US rates hit 4-yr high
Ø  India Ratings maintains stable outlook for oil & gas sector

Ø  ICICI Bank Q3 net up 13% at Rs 2,532 cr
Ø  Suzuki takes away production and transparency from Maruti
Ø  Bharti Airtel Q3 net more than doubles, at Rs 610 crore
Ø  Taper fears and F&O expiry halts market in its track
Ø  New exit policy for road developers notified
Ø  Time to capitalise on better CAD, says RBI
Ø  MCX withdraws Mild Steel contracts from trading

Ø  FDI in food processing shoots up to $2.14 billion in April-Oct 2013
Ø  GAIL (India) net profit jumps 31% in Dec quarter
Ø  Japan’s Dentsu bets big on India, other foreign markets
Ø  Lupin recalls Quinapril tablets from US market
Ø  Q3 booster for Crompton Greaves

Ø  Raghuram Rajan says rate hike not in light of global contagion
Ø  GVK Bio acquires US-based Aragen Bioscience
Ø  TVS Motor Q3 net profit rises 31% to Rs.68.8 crore
Ø  Godrej Properties posts muted profit as sales weaken
Ø  Shell cuts stake in Brazil oil project with $1 bn sale to Qatar

Ø  India ranked at the bottom of Intellectual Property Index
Ø  Polaris Financial Q3 Net up 24.8 per cent to Rs 50.75 cr
Ø  Now, EU and UK regulators evaluating FDA findings on Ranbaxy’s Toansa facility
Ø  Appetite for M&A deals improving in India, globally: KPMG

Ø  Merck and Bristol settle lawsuit with Aurobindo
Ø  NTPC places 7 stressed power projects on acquisition radar
Ø  Trai seeks to lock-in traded spectrum
Ø  Moily seeks flexibility to ease RIL, Cairn timelines
Ø  US FDA seeks to ban trans fats in processed foods due to health risks

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