IFCI, Morning News, 22nd Dec, 2010

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Morning News

Economic Times		Business Standard
Ø  J&K Cements posts Rs 50 cr revenue till Nov this fiscal Ø  Sistema Shyam Q3 net jumps seven-fold at $507 mn Ø  Union Bank inks MoU with BSNL, MTNL Ø  Coal India close to buying 15% stake in Australian mine Ø  After a strong H1, Fitch ups GDP view to 8.7% Ø  Fund-starved microfin cos get $8-m Grameen Foundation lifeline		Ø  Rising crude oil price may impact airline margins Ø  Carborundum India objects to 3M's buy of Winterthur Tech Ø  ACIL Cotton starts organic contract farming in 505 acres Ø  Govt to allow export of 2.5 million bales of unshipped cotton Ø  TD Bank to buy Chrysler Financial for $6.3 billion Ø  Bangalore closes in on Shanghai in office space
Business Line Ø  BHEL may plug in with Toyota to make electric vehicles Ø  RIL, Russian co SIBUR plan $450-m butyl rubber venture Ø  Ashok Leyland wins ‘LUXURA' trademark infringement suit Ø  Onion may continue to rule high for a while Ø  Karnataka's credit potential put at Rs 41,085 cr		Mint Ø  Skyrocketing onion prices add to government’s troubles Ø  United Phosphorus could miss fiscal 2011 revenue target Ø  Lanco bags Rs4,100 cr order to execute power project Ø  Russian Govt pays $600 mn to SSTL for picking up 17% stake Ø  Toyota agrees to $32 mn fine in US safety probe
Financial Express Ø  ICICI Bank cheers JSW Steel-Ispat deal Ø  Mahindra launches 4X4 off-roader 'Thar' Ø  Sistema Shyam sells 17% stake @$600mn Ø  IOC losing Rs 118 cr per day on fuel sales Ø  PSU oilcos lose Rs 105 cr/day on diesel Ø  M&As top $2.25 tn in first rise since '07		DNA Money Ø  Deal between JSW Steel and Ispat carved out in eight days flat Ø  Reliance Industries, SIBUR to invest $450 million in butyl rubber plant in Jamnagar Ø  Small shareholders oppose Satyam’s merger with Tech Mahindra Ø  Textile boom rubs off on machinery companies Ø  News Corp wins European Commission approval for BSkyB bid Ø  China to raise fuel prices for second time in two months