IFCI research: Morning News (click on link to read article)

Economic Times		Business Standard
Ø  IL&FS, Reliance to join hands for industrial township in Haryana Ø  Apollo, Citi PE funds may buy 25% in Welspun Maxsteel Ø  L&T to buy out investors in infra arm Ø  Essar Steel joins race to bid for Severstals US unit Ø  Oil cos to take bigger hit as govt set to cap subsidy at last years outgo		Ø  Bharati Shipyard may sell 15% stake to SCI Ø  OMDC to invest Rs 1,000 crore in forward integration Ø  Vascon plans Rs 2000cr township Ø  Tata Housing to invest Rs 500 cr in Pune project Ø  ADB raises India's GDP growth forecast to 8.5%
Business Line Ø  Madras High Court orders closure of Sterlite's copper smelting unit in TN Ø  Cotton exports to be permitted only from Nov 1 Ø  Complex fertiliser sales zoom in nutrient-based subsidy regime Ø  Gujarat NRE arm to invest A$450 m in Australia Ø  Auro Mira Energy raises $21 m from IFC, Aureos		Mint Ø  Irda may soon allow portability in insurance Ø  RBI permits corporations to work as rural agents of banks Ø  Air China orders four 777-300 ER airliners: Boeing Ø  Vishal Retail requests Delhi high court to allow sale of assets Ø  ONGC offers Kuwaiti’s KPC stake in Gujarat project Ø  Reliance Retail plans to 3,000-4,000 stores in 3-4 yrs
Financial Express Ø  Mobile phone sales at all-time high Ø  Ashanti sees gold rising $70-$100 a year Ø  India Inc raises $1.09 bn via ECBs/FCCBs Ø  FIIs invest record $18 bn into stocks Ø  Intel to pick up 3% stake in Allied Ø  Godrej Properties sees 50% rev rise		DNA Money Ø  Rate hike by EPFO shows lack of professionalism, misuse of regulatory power Ø  Reliance Power aims at a 25-fold rise in capacity in five years Ø  MNCs set to raise pharma share to 35% Ø  Surana Ventures eyes Rs60 crore via QIP/PE Ø  McDonald's to invest Rs100 crore to open 25 Drive Thru outlets Ø  Hindustan Copper files paper for share sale