Morning News Snapshot

Ø  Govt to sell EIL shares at Rs 145-150 each from Feb 6
Ø  IDFC PE in talks for stake in GVK’s airport biz
Ø  Essar shuts all units at UK’s second-largest refinery
Ø  US report: Budget deficit to drop to $514 bn
Ø  PE investments plunge 40% to $3 billion in 2013
Ø  RBI liberalises third party payment norms for export, import
Ø  Greenko to buy Lanco’s hydel project for Rs 650 cr

Ø  Tech Mahindra net up threefold
Ø  Bharat Forge Q3 net profit at Rs 94 cr, up 98%
Ø  MCX moves Sebi to skip SX stake sale
Ø  Satya Nadella is new CEO of Microsoft
Ø  FinMin considering CTT relaxation
Ø  FM asks regulators to introduce common demat account
Ø  India better prepared to deal with US Fed tapering: Rajan
Ø  SEBI makes public issue grading optional
Ø  Spectrum auction:Bids worth over Rs 44K cr received so far
Ø  DoT transfers Spice’s licences in Punjab, Karnataka to Idea
Ø  Maruti most searched car brand of the year: Google report
Ø  NSE asks brokers to implement risk reduction mode
Ø  Alstom T&D bags 382-cr order from PowerGrid

Ø  Pay dues or face regulated power supply: NTPC to BSES
Ø  Hind Motors gets shareholder’s nod to sell Chennai car plant
Ø  SBBJ Q3 profit down 29% at Rs.152 crore on rising bad loans
Ø  Re closes at 62.54 per dollar as stock market bounces back
Ø  GCPL acquires remaining 49% stake in Darling Gr
Ø  Thomas Cook in preliminary talks for acquisition

Ø  Power Finance Corp Q3 profit jumps 37% at Rs 1,534.31 cr
Ø  Jubilant FoodWorks Q3 Net declines 10.9 pc to Rs 33.59 cr
Ø  India can be $100 bn software product industry by 2025: iSPIRT
Ø  Air India may lose additional revenue from Star Alliance if EU downgrades DGCA: Experts

Ø  Reliance Jio looms large over airwave auction
Ø  Delhi govt moves to scrap power distribution licences
Ø  Aus says trade with India to be driven by economic reform
Ø  Inequality increasing globally, including in India: Lagarde
Ø  FM says Q2 GDP slowdown arrested, warns of inflation
Ø  FIIs pumped in $1t in Asian emerging market in ’09-12