Morning News (click on link to read article) - 01-Nov-10: IFCI research

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  US cos may invest in infrastructure sector  Ø  Experts see 25 bps hike in key rates at upcoming RBI review Ø  SBI revises int rates for NRI deposits in Pound Sterling, Euro Ø  RBI to raise rates by 50 bps by end-March Ø  Govt to relieve Rs 3,000 cr more to PSU oil retailers Ø  Dhaka could reap $2.3 bn from transit facilities to India, others		Ø  Areva has Rs 13,300-crore plans for solar energy Ø  REC may raise an extra $750 million this year Ø  AP may land M&m's Rs 300-cr aerospace unit Ø  Hallmark to put Rs 1,100 crore in new projects Ø  Cera Sanitaryware Q2 net up by 28% Ø  Nalco net profit up 40% at Rs 224 crore
Business Line Ø  Over 90% of cotton exports head to competitors in textiles Ø  Paramount Air may soon take to the skies, again Ø  India seeks more crude oil from Angola Ø  GAIL to get LNG from Japan's Marubeni Ø  AP Govt mulls Rs 1,600-cr affordable housing project		Mint Ø  Sebi proposes 50-90% hike in salaries for all employees Ø  Bharti AXA general insurance to infuse Rs 60 cr Ø  BSNL to float 5.5 mn GSM line tender in Nov Ø  Nalco 2nd quarter net profit up 40% at Rs 224 cr Ø  RIL in no hurry for more US shale gas JVs
Financial Express Ø  7 top firms shed 28k cr in m-cap Ø  Indian ADRs shed nearly $3 bn in a week Ø  HCC Infra aims at Rs 20,000 cr biz Ø  Nestle India Q3 net profit up 19.58% Ø  Reliance Industries Q2 net up 27.8 pct Ø  ICICI Bank Q2 result ups stock 6%		DNA Money Ø  Plan panel seeks 20% hike in gross budgetary support Ø  Google weighs $1 billion data centre in India Ø  Historic Egypt retail chain bought for $55 million Ø  Esprit India eyes 30% revenue growth; to enter 10 new cities Ø  BG Group approves $15 billion Australian LNG project Ø  Maruti Suzuki Q2 net up 5%, meets forecast