Morning News (click on link to read article) IFCI research, Dec 10, 2010

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Reserve Bank of India ups deposit rates by up to 1.75% Ø  Corporation Bank raises BPLR by 25 bps to 13% Ø  Foodgrain scam: Total size may be Rs 2 lakh cr Ø  India needs upto $400 bln investment in power in 2012-17 Ø  NTPC to buy $36.6 bn equipment in 2 years Ø  Nokia, PepsiCo, Maruti, LG working harder to stay put		Ø  Stallio upper gear stalls as M&M motorcycle sales slip 36% Ø  ONGC bids for Exxon Mobil's 25% stake in Angola oil block Ø  Bharti AXA targets Rs 80-cr premium from east in 2011 Ø  Banks raise Rs 4,050 crore via CDs Ø  3i-backed Indiareit to raise $622 million Ø  Higher levy on UK banks to cut deficit
Business Line Ø  EPFO to invest more in public sector bonds Ø  Steel companies to face margin pressure Ø  ITC mulls revamp of paper biz with merger of stationery arm Ø  SAIL may shortlist 4 cos for coal mine project Ø  Strides Arcolab buys 70% in biotech start-up Inbiopro		Mint Ø  Axis Bank to wind down PE fund for infrastructure Ø  More US billionaires pledge to give away wealth Ø  AI to refinance $1.15 billion debt Ø  BNP Paribas appoints Eric Raynaud as Head of Asia-Pacific Ø  LIC Housing Fin raises Rs750 crore
Financial Express Ø  Indian people 'see' inflation at 12.7% Ø  FIIs' sell-off plunges Sensex by 454 pts Ø  EPFO stops investing in scam-hit LICHF Ø  Rs 7,000 cr Jindal Power IPO by Mar Ø  Rs 2.5k cr share buyback for Piramal Ø  India Inc's M&A deal valued at $5 bn		DNA Money Ø  Hindalco set to get RS7,660 crore from Novelis Ø  Rallis enters seeds business with Metahelix buy Ø  Cable & Wireless changes tack, sets up local base for global customers Ø  Banking may continue to face liquidity crunch Ø  Rising coupon rates force banks to defer bonds Ø  Tata Motors pulls out all stops in a bid to drive up Nano sales