Evening News Round-up 12-Jun:

*BoA picks rupee above rest; sees 57.50/$ in few months

*Earnings to grow 15% next 3 yrs; like banks: DSP BlackRock

*Economic data likely to offer new PM Modi some cheer

*Ex India Infoline CFO joins with Milestone Capital

*Learning the business key challenge: Infosys’ new CEO Sikka

*Padmanabhan appointed as Executive Chairman of TQMS

*No proposal to increase urea prices, says govt

*NCA gives nod for raising Narmada dam height to 138 mt

*No green nod from Centre needed for projects in 100 km-range

*Labour Min proposes changes in Factories Act, but not on lines of Rajasthan

*New IITs should be set up without diluting the IIT brand: Pawan Goenka

*Govt restores sugar export subsidy at Rs 3,300/tonne till Sept 2015

*CIL proposes changes in model document for mine developers

*Bengal govt agrees to help NTPC buy land for Katwa project

*Monsoon rains 48% below average in past week

*Revenue from telecom services rises to Rs 57,378 cr in Jan-Mar

*Oil at 3-month high on Iraq anxiety, stocks steady

*Mistry expands Tata’s MENA footprint by opening office in Dubai

*AirAsia India tweaks fleet plan, looks for 6-8 planes in first year

*AirAsia India to focus on Tier-2 & Tier-3 cities

*Sanghvi Forging bags Rs 15 cr orders

*Mitsubishi recalls 920,000 vehicles over light switch glitch

*See most orders being executed over 18 months, winning Rs 1,209 crore fresh orders: KEC Int’l

*Idea raises Rs 3,750 crore from QIP, preferential issue

*Industry players welcome proposal to amend Factories Act: Heromoto

*Seeing revival in demand for gold jewellery: Titan

*Tata Sons appoints Sunil Sinha resident director, MENA region

*Jubilant Life hikes price of Vitamin B3 product by 9%

*Outokumpu outsources IT services to Wipro

*Essel, Reliance Jio, 18 others plan to invest Rs 39K cr in UP

*Sensex up 102 pts; HDFC twins lead, Infosys & Bharti fall

*Not considering raising FII debt limit in govt debt right now: RBI

*Sebi board to mull primary market reforms on June 19