IFCI research : Morning News (click on link to read article) Oct 15th 2010

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Bharti looking to exit MF business Ø  ONGC may partner winner to develop Russian oil field Ø  Cement cos to hike prices again despite low demand Ø  Zenith Pharma exits Strides Ø  Havells bets on Sylvania to light up brand image		Ø  MFI governance issues under lenders' lens Ø  GMR, JSW in Rs 2,200-crore battle for Canada's CIC Ø  Honda Motor prepares to exit Hero Honda Ø  Prestige IPO subscribed 2.26 times Ø  Power capacity grows 8.12 per cent in August
Business Line Ø  Indirect tax mop-up soars 44% in H1 on robust factory output Ø  Anil Ambani group cos seek to settle with SEBI in market violations case Ø  Mastek posts consolidated net loss of Rs 13.46 cr Ø  L&T Infra to raise Rs 700 cr through retail tax-saving bonds Ø  BPCL pays Rs 4.35 cr to State Govt Ø  Rel Infra ties up Rs 7,000-cr debt for Mumbai metro project		Mint Ø  Axis Bank profit up 38% to Rs735.15 cr Ø  L&T Infra Finance to raise upto Rs700 crore Ø  UTV Software Q2 net up on broadcast biz, lower costs Ø  GCPL board approves merger of GHPL Ø  Oil rises to near $84 on US crude supply drop Ø  ED asks external affairs ministry to revoke Lalit Modi’s passport
Financial Express Ø  Coal India IPO may cause 'mkt stress' Ø  Bedmutha Ind soars 77%, Sea TV 6% Ø  Silver at Rs 37K, gold at all-time high Ø  'Android phones bt iPhones in popularity' Ø  Sensex sheds 190 pts on profit-booking Ø  Rising costs to hurt mid-cap firms' Q2 profit		DNA Money Ø  Infotech sees Q3 operating margins at 18% Ø  Essar seen pipping Jindal in race for Zisco Ø  Reliance Infra ties up Rs7,000 crore for Mumbai metro II Ø  Rallis eyes bigger contract manufacturing pie Ø  Andhra Pradesh passes ordinance to rein in rogue microfinanciers Ø  IDBI Bank depositor base surges as service charges go