IFCI - Morning News- 27 Dec 2010

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Economic Times	Ø	Business Standard
Ø  Bridgestone invests Rs 170 cr to make truck,bus tyres in India  Ø  Curbs on expat PF end up hurting local cos Ø  ONGC road project to connect Agartala and B'desh port Ø  India Inc scores perfect ’10, raises Rs 1L cr at home Ø  Reliance Life aims AUM over Rs 30,000 cr by next fiscal Ø  After Dabur, Pepsi faces raids in Nepal		Ø  MoCA mulls 7-year audit firm tenure Ø  Air India seeks Rs 2k-cr further equity infusion Ø  Branded fuel sales skid 30% Ø  NMDC may raise iron ore prices by 3% Ø  Govt to retain borrowing plan of Rs 4.47 lakh cr this year Ø  FDI in services declines 21% to $2.06 billion in Apr-Sept
Business Line Ø  Spate of price hikes spells good fortune for FMCG industry Ø  Tea industry in for a good run, says Ashok Batra Ø  Commodities end year on positive note; gold has upside left Ø  Coal India to start work in 2 Mozambique blocks next fiscal Ø  Angel investors open new avenues for start-ups Ø  FICCI seeks push for technical textiles sector		Mint Ø  Rising iron ore prices bring no comfort to Indian ore producers Ø  Seven of top-10 firms add over Rs10K cr in m-cap Ø  RCF doing due diligence to take over Russian phosphate mine Ø  PE investments likely to cross $7 bn in 2010: E&Y Ø  Nabard earmarks Rs100 cr to lend to VCFs Ø  Bridgestone invests Rs170 cr in India; to make bus tyres
Financial Express Ø  Sensex up 91 pts, regains 20,000-mark Ø  Tyre stocks soar on rubber duty cut Ø  Oil climbs to 2-yr high on rising demand Ø  IT Big 3 set to clock 20% revenue growth Ø  India Inc raises a record Rs 200,000 cr Ø  Govt willing to bear 1/3 of fuel subsidy		DNA Money Ø  Medium-term note season on Bank St, IOB to raise $500 million Ø  Rising oil to pressure inflation, fiscal deficit Ø  Nagarjuna Construction Co bets on high-growth businesses Ø  Malawi seeks bidders for 300mw coal-fired plant Ø  Power, coal ministries list 10 blocks for ‘urgent’ clearance Ø  Nifty must cross, close above 6030 daily for breakout