Morning News (click on link to read article) IFCI research, Dec 3, 2010

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Cognizant crosses 1-lakh employee mark Ø  Maharaja Whiteline may sell 20% stake to fund expansion  Ø  MRF reports 39 per cent jump in net profit at Rs 353.98 cr Ø  Religare buys US PE co Landmark for Rs 770 cr Ø  Tobacco cos shut cigarette plants due to uncertainty in warnings Ø  Videocon d2h eyes break-even by FY 12 Ø  Indian banks raise Rs 1,515 cr via CDs		Ø  Leighton Holdings bags $5.5-bn NTPC contract Ø  Apollo Hospitals plans to sell 49% in pharma chain unit Ø  Govt may move CCI to check rise in airfares Ø  Chhattisgarh to get Rs 1500cr ADB loan for road infra Ø  3i to launch $1.5 bn India infra fund Ø  Cumulative losses of 17 state PSUs at Rs 1152.65 crore Ø  ONGC marginal fields to boost output by a tenth in next 2 years
Business Line Ø  Curbs on cotton yarn exports may unsettle textile sector Ø  Revenues of IT cos ‘on track' to exceed $70 b Ø  ‘China's policy environment attractive to MNCs' Ø  Cement sales decline in November on slack demand Ø  NTPC signs $300-m loan deal Ø  L&T bags orders worth Rs 415 cr		Mint Ø  Ford bets big on Figo, to export the car to 48 countries Ø  Qantas makes first move to take Rolls-Royce to court Ø  Home ministry not in favour of merging BPL, caste censuses Ø  Sebi probes LIC’s stock exchange deals Ø  Pepsi to buy Russia’s WBD for $5.4 bn Ø  Air India says loss narrowed to Rs 5, 550 crore in FY10
Financial Express Ø  Bajaj bike sales jump 9% in November Ø  Govt hikes natural gas price by 10% Ø  Apollo Hospitals looks to sell 49% in unit Ø  Religare promoters hike stake to 66% Ø  Ravin Cables sold to Italy’s Prysmian Ø  FII inflows touch record $39-bn in 2010		DNA Money Ø  Everest Kanto to start Rs180 crore cylinder unit in 3 months Ø  GMR Infrastructure sees Hyderabad airport breakeven this fiscal Ø  HDFC ups rate, home loans set to get dearer Ø  JPMorgan hits back at Lehman, says it was defrauded Ø  Reliance Power will double Rosa capacity Ø  Shipping Corp sees ship supply glut ending by next year end