Morning News (click on link to read article) IFCI research, Dec 6th, 2010

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Bhushan Power & Steel eyes London IPO Ø  Govt nod needed for Vedanta deal, accepts Cairn Ø  Gold may gain on European debt crisis Ø  Job figure up by 13 lakh in 1 yr, IT/BPO top list Ø  DRDO to develop hacking-proof websites Ø  Infra investments to slow down as PEs turn wary		Ø  Sebi mulls tightening noose on share sale to institutions Ø  Fitch lowers ING Vysya Bank's rating Ø  Opto Circuits buys 76% of US firm Ø  Bill for keeping tab on real estate sector on the anvil Ø  Mining industry unhappy over profit-sharing clause Ø  Dealers hopeful of Nano sales growth in Bengal
Business Line Ø  Royalty to make up for Honda's low exit price from Hero Group Ø  Sun Pharma offers to buy out outstanding shares in Caraco Ø  Cross-border M&A deals under Govt scanner for tax implications Ø  M&M plans to invest Rs 200 cr in tractor plant Ø  Rain Commodities arm raises $400m Ø  ICICI Bank hikes lending, deposit rates		Mint Ø  Panel proposes UID-linked direct subsidy Ø  Mukesh Ambani’s private equity fund takes shape Ø  Near-term outlook moderates for heavy commercial vehicles Ø  ONGC investors await a clearer big picture Ø  Money transfer at your fingertips Ø  Govt’s nod, not ONGC, needed for Vedanta deal: Cairn
Financial Express Ø  Sensex may rise further on FII support Ø  GM India to hike prices upto 2.5% Ø  Mittal richest business tycoon in S Africa Ø  Dabur eyes Rs 700 cr from foods div Ø  Airlines lower air fares by upto 25%		DNA Money Ø  There is pressure on deposit growth because inflation is high’ Ø  NTPC seeks power ministry’s help to get MoEF nod for Dulanga block Ø  ‘Tightening in emerging markets unlikely to have significant impact’ Ø  Watch out for crude oil in the near to medium term as outlook is turning brighter Ø  Government set to unveil maritime perspective plan 2020