Morning News Snapshots

Ø  Lupin acquires Netherlands-based Nanomi BV
Ø  FM: Govt may tinker with excise, ST to boost economy
Ø  Steel makers hike product prices by upto Rs 2K pt
Ø  ‘Fitch satisfied with overall macroeconomic situation’
Ø  RBI raises FII limit in Power Grid to 30 per cent
Ø  Ben Bernanke to join US policy think tank Brookings
Ø  Spectrum auction: Govt gets bids of Rs 39,300 cr
Ø  Govt may tinker with tax rates to boost economy: FMØ  Lower FY13 GDP to have positive impact on FY14 figure: Nomura
Ø  Spectrum auction: Demand is for 900 MHz in 3 metros
Ø  Manufacturing PMI rises to 51.4, highest since March
Ø  United Stock Exchange in merger talks with DSE
Ø  Sugarcane arrears mount to Rs 10,000 cr as on Jan 31: IsmaBusiness Line Mint
Ø  Lloyds Bank takes extra £2 bn hit over mis-selling
Ø  Delhi Govt asks power regulator to ensure supply or cancel licences
Ø  MTNL seeks shareholders nod for raising borrowing limit
Ø  Hindustan Power Projects plans Rs. 32,000 cr investment
Ø  P & G profit up 42% at Rs. 77 cr in December quarter
Ø  Grey areas still exist between MF advisory and distribution
Ø  India has the highest population of illiterate adults: Unesco
Ø  NSEL e-series forensic audit finds circular trades
Ø  Sembcorp to acquire 45% stake in NCC power project
Ø  Global auto makers look for dream market in rural India
Ø  West Asian firm may buy Winsome Yarns’ knitting unit
Ø  Foreign companies wish to expand presence in India: EY surveyFinancial Express Financial Chronicle
Ø  India should not succumb to prejudices against Bt crops: Manmohan Singh
Ø  Telecom stocks down 3% as spectrum auction begins
Ø  Gillette Oct-Dec Net declines 40.96 per cent to Rs 11.04 crore
Ø  Ashok Leyland sales down 26 pct in January
Ø  CNG prices to be cut by Rs 15, piped cooking gas by Rs 5
Ø  Vijaya Bank Dec quarter net plummets 91 pc to Rs 11.39 cr
Ø  Tata Motors shows off first new cars in four years