Morning News (click on link to read article) IFCI research, Dec 20, 2010

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Govt raises Rs 40,000 crore via disinvestment in 2010 Ø  CMIE sees real GDP growth at 9.2 per cent this fiscal Ø  Union Bank raises BPLR by 0.50% to 13.25% Ø  Natixis to buy 25 pc in India's IDFC fund arm Ø  Moser Baer Solar plans up to $600 mn capex over 3-4 years Ø  Gujarat eyes $1 bn investment for pharma industry		Ø  Altair plans two sub-$10 mn buyouts Ø  HDFC sees 22% loan growth in FY11 Ø  US closes six banks; 2010 failures now 157 Ø  RBI to boost liquidity; more rate hikes expected Ø  Banks borrow over Rs 1,16k cr from RBI liquidity window Ø  Auto industry expects slower growth at 18-20%
Business Line Ø  Royalty issue: ONGC wants Cairn to give detailed report on Rajasthan fields Ø  Indonesia looks to forge tie-ups in coal, iron ore processing Ø  Domestic market shows signs of expanding Ø  PNB, Tiruchi circle sells over 2,200 mediclaim policies Ø  SEBI okays EIH rights issue		Mint Ø  Coal mine acquisition to lend stability to Lanco’s power business Ø  Blackstone’s Sithe Global in talks with SKS Ispat Ø  CIL mega IPO steals the show in 2010 Ø  Pipavav moves HC against ONGC on Bombay High project Ø  Hero puts JWT to work on branding strategy
Financial Express Ø  Top-8 firms add over Rs 46k cr in m-cap Ø  Ranbaxy to recall 3 UK drug lots Ø  Cinemax to invest Rs 100 cr Ø  Panasonic eyes Rs 10k cr revenue in 2 yrs Ø  Food inflation accelerates to 9.46 pct Ø  Promoters’ stake in MNCs surges to 62.8%		DNA Money Ø  L&T cuts plan, Thermax warns as Chinese charge in Ø  Centre likely to reject Vodafone’s MAP plea Ø  Nasdaq holds the way out of indecision Ø  Qatar Airways to launch IPO in early 2012 Ø  Arcelor says raises Baffinland bid to C$1.25/share Ø  Etisalat says still wants to buy 46% stake in Zain