Morning News Round 17 Oct 14

Ø  Jaiprakash Associates in talks to sell Bhilai unit

Ø  Won’t restrain companies from excavating coal: SC

Ø  Labour reforms will boost investor sentiment: India Inc

Ø  Tata Steel to refinance $5.4 billion offshore debt

Ø  Citi pegs CAD at 1.7% at $37 billion in FY15

Ø  No CCI order to sell biz for merger nod: Ranbaxy

Ø  L&T Finance: Sebi reaffirms ban on Factorial Fund
 
Ø  Growth concerns roil financial markets globally

Ø  RBI in talks with govt over a Financial Resolution Authority

Ø  Arvind Subramanian is new chief economic adviser

Ø  WTO DG signals movement in India’s food security concerns

Ø  Coal stocks at power plants lowest in 25 years: CEA

Ø  TCS to merge subsidiary CMC

Ø  Questions arise over ICICI’s takeover of Bank of Rajasthan

Ø   Rel Inds’ credit metrics will remain stable: Moody’s

Ø  US cos more upbeat about India after Modi’s visit: Consul General 

Ø  Capitalisation, asset quality are challenges: Fitch

Ø  BHEL commissions 600 MW thermal unit in M.P.

Ø  Ashok Leyland gets order worth $17 mn from Sri Lanka

Ø  Dhunseri Petrochem resumes production at Haldia plant
 
Ø  TCS Q2 profit up 13.2% to Rs5,244 crore but lags estimates

Ø  Ranbaxy to pay $40 million to settle Texas probe on drug pricing

Ø  Snapdeal to raise $600 million from existing investors

Ø  Diesel subsidy tests Narendra Modi as Rajan calls for action

Ø  Acme receives approval for $100 million loan from ADB

Ø  Federal Bank Q2 net profit up 6.3% at Rs240.3 crore

Ø  With no buyers in sight, unsold houses pile up

Ø  Malaysia takes the road less travelled

Ø  Switzerland promises India help in combating tax evasion

Ø  Govt keeps CIL in limbo over transfer of 42 mines

Ø  Future Lifestyle acquires majority stake in Elisir Lifestyle
 
Ø  Hero MotoCorp Q2 net rises 59 pc at Rs 763 cr

Ø  Govt hikes import tariff value on gold

Ø  India seeing pick-up in growth, easing inflation: RBI chief

Ø  India to overtake UK in world aviation market ranking

Ø  Right time to invest in India: German diplomat