Evening News Round-up: 17-Jun:

*India will benefit from new reforms; buy on dips: Macquarie

*Highly leveraged infra stocks may correct more: Dimensions

*Rupee not volatile, investors booking profit: Nick Parsons

*Primary mkt to absorb 50% of FII flows: Kotak Invest

*Rupee spike short-term; fair value at 60-61/USD: JPM

*FIIs underweight on EMs; like IT, FMCG, HDFC Bk: Sabharwal

*UP, K’taka, Assam Governors quit, Sheila to face axe too

*Assets case: SC vacates stay on Jaya’s trial proceedings

*BL Joshi steps down as UP Governor

*NCW to write to PM seeking action against Nihalchand

*Govt ready with drought contingency measures, say sources

*Process to grant NDMA to India after bilateral talks begin: Pakistan

*Deadline for states to implement ‘food security’ may be extended

*Modi govt finding excuses for non-performance: Congress

*Fall in entry tax collection in Bengal

*Xerox expects over 50% revenue from India to come from services

*DTH industry appeals to FinMin for relaxation on multi-layered taxation

*No Loop calls on Vodafone network

*Pennar Industries, units bag orders worth Rs 105 cr

*83% of global retail CEOs believe their supply chain not optimal

*Target 35% topline growth in FY15: Insecticides India

*Cairn gets environmental nod to raise oil production

*DIC India plunges on delisting concerns

*Ricoh India tanks 20% on failed delisting offer

*Balkrishna Industries hits new high; stock surges 127% in 2014

*Fulford slips 5% as promoters mull strategic alternatives for exit

*Idea Cellular up 5% as MSCI raises weightage to 0.8%

*Indian IT cos can manage rupee volatility: Ex HCL CEO Nayar

*Australia delays decision on Adani’s $15-bn coal project

*Adani in talks to raise $2.5 bn via QIP, foreign loans

*Too much legal policing of regulators bad idea: Rajan

*Nifty ends above 7600, Sensex up 331 pts; banks, oil lead; ONGC surges 5%

*Cipla buys 60% stake in Sri Lankan co for $14m

*Bharti Airtel, Uninor top GSM user additions in May: COAI