Morning News Round Up 18-Sep 14

Ø  US House approves bill averting govt shutdown

Ø  Fed to keep rates near zero for “considerable time”

Ø  Govt allows Maharatnas, Navratnas to create below-board posts

Ø  RBI eases issuance norms of equity shares under FDI

Ø  Indian pharmaceutical exports to cross Rs 1 lakh crore mark

Ø  Sun Pharma, Merck & Co Inc enter into pact for Tildrakizumab
 
Ø  Bank credit growth falls below 10% after 5 years

Ø  EPFO not considering any proposal to invest in stock markets

Ø  India, China sign deals worth $3.4 bn

Ø  SEBI extends timeline for appointing women directors by 6 months

Ø  IndiGo signs $2.6-bn deal with China’s ICBC for fleet expansion

Ø  Sebi to float discussion paper on reducing FPO time line

Ø   Custodians use optimisation tools to reduce margin obligations 

Ø  Nasscom sees value proposition for BPO firms in Tier-II and-III cities

Ø  ‘L&T committed to implementing Hyderabad Metro project on schedule’ 

Ø  New blast furnace begins operation at SAIL’s Burnpur plant

Ø  Hindalco sees no immediate impact of suspension of mining in Jharkhand     
 
Ø  GTL gets $35.4 million claim notice from overseas lenders

Ø  Ikea to invest $500 million more in India,eyes 25 stores in 10 years

Ø  Ranbaxy gets civil investigative demand from US on pricing issues

Ø  Apollo Hospitals to buy Hetero Med’s pharmacy stores for Rs146 crore

Ø  Mutual funds’ exposure to software stocks hits all-time high in August

Ø  Gas price panel discussion today, $6-7 per unit likely

Ø  UK govt pledges state funding to Scotland

Ø  NSEL scam: ED attaches properties of Lotus Refineries

Ø  Natco Pharma, Orchid Chemicals get a strong dose of US FDA medicine

Ø  Shemaroo IPO subscribed 1.01 times on 2nd day of issue

Ø  Governments pressure Google for more user information
 
Ø  Sensex rebounds over 138pts on hopes Fed will retain low rates

Ø  Cairn India discovers three new oil fields in Rajasthan block

Ø  Apollo to acquire HMSL’s pharmacy chain for Rs146 cr

Ø  MCX can launch new contracts after new tech deal with FTIL:FMC

Ø  OECD proposals to have impact on transfer pricing in India