Morning News (click on link to read article) : 26th Oct 2010: IFCI research,

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Telenor’s India performance beats street expectations  Ø  Carborundum Universal Q2 net profit grows 55% Ø  Godrej Industries Q2 net up 12.5% to Rs 75 cr Ø  Adani bags rights to develop Orissa coal block Ø  E&Y to hire 6,500 worldwide including India, China Ø  Dr Reddy's enters pact with Cipla, Vitabiotics to market drugs		Ø  Kochi IPL team gets 30-day breather Ø  JSW Steel seeks 1,100 acres more in Bellary Ø  Siemens India eyes Rs 6,100-crore mop-up in 10 years Ø  Biocon to invest $161 million in Malaysian unit Ø  Glaxo to pay $750 mn over defective drugs Ø  SKS cuts interest rate
Business Line Ø  Biocon to set up Rs 715-cr biosimilar facility in Malaysia Ø  Indian Hotels to raise Rs 850 cr thru pref allotment to Tata Sons Ø  Phillips Carbon Black to invest Rs 1,250 cr in India, Vietnam Ø  Usha Martin profit rises 121%, plans Rs 1,200-cr capex Ø  NCC bags Rs 540-cr worth orders		Mint Ø  Bad loans increase at Union Bank in Sep quarter to Rs3,524 cr Ø  Gold traders snap up bargains as prices edge lower Ø  Canon Q3 profit leaps 74%, raises outlook Ø  Patni hunts for a buy in Europe, Asia Pacific Ø  Markets drop 1.1%; NTPC, lenders decline
Financial Express Ø  Patni Computer Q3 net dips 14% Ø  Tata's Indian Hotels logs Q3 loss, blames CWG Ø  Dabur Q2 profit up 14.38% to Rs 160.43 cr Ø  Glenmark Q2 profit up by 38% to Rs 111.62 cr Ø  Bajaj Electricals Q2 net profit falls 20 pct Ø  Diesel deregulation unreasonable now: Oil Secy		DNA Money Ø  Tata Sons to increase stake in Indian Hotels by 7.27% Ø  United Bank Q2 net rises 31% Ø  GMR Airport gets to raise passenger fees 26-87% in Hyderabad Ø  SKS cuts rate 249 bps in Andhra Pradesh Ø  Siemens eyes tenfold sales jump in low-end products Ø  Road ministry seeks Rs3.4k crore from finmin for repairs