19th October- Morning News (click on link to read article)- IFCI compilation

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø   Gurumani wants to attend SKS meet Sacked CEO Claims Hes Still A Director Ø  IndianOil may hit Street in Jan with Rs.19,000-crore offer Ø  Essar Oil back in the black with Rs.130-cr net Ø  Ranbaxys new sales drive fails to pay off Ø  India, US may ink $5.8-b aircraft deal ahead of Obamas visit		Ø  MGM, Lavasa ink MoU to set up amusement park Ø  BHP, Rio scrap their $116-bn JV Ø  BP to net $1.8 bn from asset sales Ø  GNRL plans expansion in oil exploration Ø  Emami to raise up to Rs 2,000 cr Ø  RCF seeks Rs 150 crore from Railway Ministry
Business Line Ø  Biocon, Pfizer in $350-million insulin marketing deal Ø  Panel majority for scrapping eco nod to Posco's Orissa project Ø  Apex court stays Sterlite's TN plant closure till mid-Dec Ø  Bharat Forge eyes coal mines overseas Ø  Su-Raj Group plans expansion, to invest Rs 200 cr in 3-5 years		Mint Ø  Tata to launch three utility vehicles by next year Ø  Biocon, Pfizer enter deal to market biosimilars Ø  Coal India float garners 34% subscription on first day Ø  Citigroup posts $2.2 bn profit, tops expectations Ø  NIIT Tech Q2 net up 3%; uncertainties remain
Financial Express Ø  Rate rises may hit banks after fine Q2 Ø  HDFC Q2 net profit up 22% at Rs 808 cr Ø  Citigroup profit jumps to $2.17 bn Ø  Adani to invest $7 bn in Oz project Ø  L&T Q2 net profit up 32 pct to Rs 765 cr		DNA Money Ø  Suryalakshmi plans Rs45 crore equity infusion Ø  Jindal Poly Films to double capacity; spend Rs1,600 crore Ø  Patni sees China BPO opportunity growing Ø  Govt plans MoU with US on shale gas; first round of bidding likely by 2011-end Ø  Standard Chartered Bank seeks nod to set up stock exchange