Morning News (click on link to read article) : October 26th 2010, complied by IFCI

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  SRF to pick majority stake in Bangla JV for $52 mn  Ø  Tech Mahindra Q2 net up 10% to Rs 186.65 cr Ø  Ingersoll-Rand plans to invest $100 mn in India Ø  CDC to invest $10 mn in Indian microfinance funds Ø  Power Fin Corp to raise $260 mn foreign loans-head Ø  NTPC offers 40% stake in power project to Qatar		Ø  ArcelorMittal posts $1.3-billion net profit Ø  Asahi Songwon's Q2 net up 122% Ø  NSDC to get Rs 10 crore from IDFC for skills councils Ø  Canbank Venture to float new Rs 1k-cr fund in '11 Ø  Central Bank of India net rises 21% at Rs 379.3 cr Ø  Ford posts record $1.69-bn Q3 profit
Business Line Ø  Pranab rules out curbs on FII flows into equity Ø  UltraTech Cement net halves to Rs 116 cr Ø  Canara Bank to recruit 4,000 by June Ø  Indosolar inks Rs 2,700-cr deal with Chinese company Ø  Birla Corp net down 54%		Mint Ø  Bharti may prepay part of $7.5 bn loan Ø  UltraTech’s first post-merger quarterly figures below estimates Ø  Markets shed 0.4%; banks dip, Reliance up Ø  GE in $750 million turbine deal with Reliance Power Ø  Siemens to launch 60 products globally with ‘made in India’ tag
Financial Express Ø  Tech Mahindra Q2 net up 10% Ø  JSW Steel Q2 net dips 1.3 per cent Ø  Tata Steel forms JV for iron ore mining in Canada Ø  Ultratech Q2 net at Rs 116 cr Ø  Mahindra Holidays Q2 result down 35% Ø  Exports grow by 23.2 pct in Sept		DNA Money Ø  Supreme Court nixes L&T suit against NTPC Ø  Supreme Court cancels Ramalinga Raju bail, orders surrender by November 10 Ø  Marico to hike prices across categories by 6-7% Ø  JSW Steel to invest Rs16,000 crore in West Bengal project Ø  The Loot will add 50 stores in the next six months, plans an IPO soon Ø  Duke of Wal-Mart promises consumer heaven if FDI allowed