Morning News Snapshot
Ø Rs 5.3 lakh cr excess cash tied up in working capital: EY
Ø Global exchanges’ m-cap touches decade high of $64 trillion
Ø After Walmart, Amazon lobbies in US for Indian FDI
Ø Grasim Q3 Net dips 40% to Rs 332 crore
Ø Q3 results, FII, rupee key for stock market this week: Experts
Ø Firms may get more subsidy to invest abroad
Ø Tax treaty uncertainty with India impacts Mauritius fin firms
Ø Spectrum auction begins today, 8 companies in fray
Ø Congress proposes bank for SCs, STs on lines of NABARD
Ø Jindal Steel and Power acquires Andhra-based Kineta Power
Ø States can revoke FDI in multibrand retail, say Experts
Ø Telcos may move SC on dismissal of petitions for licence extension
Ø Interim budget surprise: Gold import curbs may be relaxed
Ø Govt auditor rejects DoT’s defence on entry fee refund to 3 telcos
Ø Give our textiles also duty-free access: India to Germany, UK
Ø Bonus ceiling for factory workers may be raised
Ø NTPC threatens to cut power supply in Delhi from Feb 11
Ø Ask Fin Tech to bring down stake in 10 days, FMC tells MCX
Ø SSTL interested in buying pan-India CDMA spectrum in auction
Ø M&M plans new mass-market SUV; eyes lowest-price slot
Ø Sebi imposes Rs.50 lakh penalty on HUL promoters
Ø Alstom India to sell transport business to Alstom Transport
Ø IDBI Q3 net plunges 75% to Rs.104 crore
Ø Sale of commercial vehicles falls 37% at Tata Motors
Ø FinMin proposes BHEL stake sale through block deal to FIs
Ø Economy may grow 4.5-5 pct in second half of FY’14: CII
Ø EPFO to consider raising retirement age to 60 yrs
Ø Mutual funds seeing higher inflows in equity funds: AMFI
Ø eBay extends stock repurchase programme by USD 5 billion
Ø Etihad Airways in ‘final’ assessment for Alitalia buy
Ø Tata International to enter branded footwear segment
Ø Market value of 7 blue-chip cos declines Rs 47,050 cr
Ø Sahara group lines up Rs 32,400 cr investment; 56k new jobs
Ø Primary market faces its longest drought
Ø Rubber prices to bounce back on Rs 100 crore fund
Ø Berger Paints to invest `320 cr
