IFCI research, Morning News (click on link to read article) Oct 21st 2010

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Govt looks to steel show with MOIL, SAIL issues Ø  Essar to acquire African oil & gas assets Ø  City airport can breathe easy as Juhu plan takes off Ø  Tender route saves Rs 175 cr for govt on Haj subsidy Ø  Sugar output estimate raised to 24.5 mt		Ø  SBI limits base rate increase to 10 bps Ø  IAF order worth Rs 250 cr to Indian industry Ø  MEC woos Indian power firms for 50% stake sale Ø  Ceat proft dips 75 per cent Ø  UIDAI shortlists nine IT firms for Rs 2,000-cr deal
Business Line Ø  Rupee stable despite huge FII inflows Ø  Support price for wheat hiked Rs 20 a quintal Ø  L&T to tie up Rs 12,000 cr for Hyderabad Metro by March Ø  John Energy bags $70-m order from Algerian co Ø  BHEL bags Rs 34-cr solar power contract from Lakshadweep		Mint Ø  IT companies hauled up over shifting ops to SEZs Ø  Motorola faces prosecution after apex court go ahead Ø  Piramal Healthcare eyeing OTC acquisitions Ø  HZL’s output jumps, but profit margins fall Ø  Yes Bank maintains strong growth, net profit jumps 58%
Financial Express Ø  Oberoi Realty zooms 9% in debut trade Ø  Pak generals in Rs 2 bn stock mkt scam Ø  Ashok Leyland Q2 net jumps 88 pct Ø  Religare posts loss of Rs 24.2 crore in Q2 Ø  Govt considering infusing further Rs 2000 cr equity ...		DNA Money Ø  Obama business team focus: entity list, outsourcing, social security tax & aviation Ø  One day to go, Coal India IPO draws Rs1.73 lakh crore Ø  HCL stocks up on staff even as profit takes a knock Ø  Eurocopter to set up subsidiary Ø  GMR in a spot for levying cargo fees at Delhi