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

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