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

 Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Standard Chartered PE in talks to buy 49% in Checkmate for Rs70 cr Ø  BS Transcomm to raise Rs200 cr via public issue Ø  Coal traders power foreign asset buys Ø  JPMorgans PE arm to invest 160 cr in Rohan Lifescapes Ø  Nalco to enter metal, energy sectors Ø  Tata Steel bags process technology patent, may out-license to rival cos		Ø  Vedanta Aluminium presents its case before MoEF Ø  Shriram Properties seeks $100 mn from PEs Ø  Bharti AXA promoters to dilute stake, hope to bring in a bank Ø  Retail inflation down at 9.88% Ø  Motilal Oswal buys out Goldman Sachs in Cremica Ø  Piramal Healthcare closes Thane plant
Business Line Ø  DoT sitting on over 100 applications for 2G spectrum Ø  Current account gap widens to $13.7 b in Q1 Ø  Maruti hopes to raise output by 27% to match demand Ø  Ports in talks with Rlys to build private lines under revised policy Ø  PGCIL to set up 1200 kV Test Station in M.P. Ø  Sterlite moves apex court		Mint Ø  Govt to close 30 mn inactive EPF accounts Ø  Food price inflation surges to 16.4% Ø  MasterCard buys stake in Pune IT firm Ø  TCS seals $50 mn deal with Australian energy supplier AGL Ø  Air India intensifies regional ops, to revive defunct low-cost unit Ø  L&T Infra files prospectus for Rs450 cr bonds public issue
Financial Express Ø  Ban on futures trading of sugar lifted Ø  Ferrari set to enter Indian market in 2011 Ø  SBI, PNB raise FD rates by up to 75 bps Ø  ONGC weighs its power on Cairn deal Ø  Audi launches petrol Q7 at Rs 59.29 lakh Ø  'SFIO looking into Subhiksha books'		DNA Money Ø  MasterCard buys 12.5% in ECS of Pune Ø  US distributor places factory orders for M&M pick-ups Ø  Banks revise base rates, SBI stays at 7.5% Ø  Current account deficit surges to $13.7 bn in Q1 Ø  Bharti makes last-ditch effort at getting FDI into retail Ø  India, Mozambique ink three pacts, India gives $500 million credit