Morning Business News Round Up_June 30,2016

Morning Business News :

  • SEBI issues new norms for foreign portfolio investors
  • CME group may pick up stake in MCX
  • Minority shareholders take Ricoh India to task
  • India lifts ban on trade of certain items with Iran
  • Dubai awards Alstom-led consortium $ 2.88 bn metro
  • Cabinet approves new mineral exploration policy
  • General Motors’ market share goes below 1% in India
  • Sebi has no jurisdiction to pursue NSEL scam
  • New law allows shops, malls, eateries to stay open 24×7
  • Supreme Court declines stay on payment to Sasan UMPP
  • Service tax dept begins e-auction for Mallya’s luxury jet
  • Cabinet clears pay hike for 1 cr govt employees, pensioners
  • No dual power tariff for coop, public sector cogeneration plants
  • ArcelorMittal buys back bonds worth $576.30 mn
  • L&T Infotech’s ₹1,233-crore IPO to open on July 11

  • Vedanta beats mine blues to generate ₹11,000-cr cash in FY16
  • Central govt staff disappointed, call for strike on July 11
  • Raghuram Rajan resists plan to fund banks from RBI coffers
  • Monsoon session of Parliament to start on 18 July
  • Brexit will not affect UK sale process: Tata Steel
  • Govt decides to extend budgetary grants to Gail, GSPC
  • Siemens India chasing large orders, says CEO Sunil Mathur
  • Govt targets $8.9 billion in energy efficiency cost savings
  • India has shown sustained commitment to non-proliferation: US
  • SBI seeks DRT certificate to recover debts from Mallya
  • Irdai imposes Rs 10 lakh penalty on Max Life Insurance
  • Crayon Software appointed Microsoft’s cloud distribution partner
  • No expectation of major reforms from government: Ruchir Sharma
  • Consumer spending to rise 5% with central pay hike
  • Brexit to have major impact on earnings: Suzuki Motors
  • NMEP will permit auction of 100 mineral blocks
  • Toyota recalls 3.37m cars over airbag, emissions issues
  • Sensex rallies 216 pts on govt wage bonanza, GST hopes
  • Uday may not destabilise fiscal consolidation: Ind-Ra
  • GIC Re eyes new markets to grow foreign business

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