Morning News (click on link to read article) IFCI research, 15/12/10.

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Bank of India ups base rate by 0.50%, BPLR by 0.75% Ø  Dhanlaxmi Bank ups deposit rates by up to 1.75% Ø  Power sector may see $1 billion PE inflows in six months Ø  Reckitt Benckiser to buy Paras Pharmaceuticals for Rs 3,260 crore Ø  Novartis to buy Aventis stake in rabies vaccine JV for $22 million Ø  Yahoo preparing to lay off 600 to 700 workers		Ø  Wen arrives today with deals worth $20 bn Ø  Private companies sitting on Rs 1,50,000-cr cash Ø  Mallya stake in Kingfisher to drop below 50% Ø  Nitesh to raise Rs 150 cr debt for B'lore project Ø  KPR Mill to invest Rs 500 crore on capacity expansion Ø  Apollo to invest Rs 50 cr in cosmetic clinics
Business Line Ø  Huawei to invest $2 billion in India over 5 years Ø  RCom to get $1.93-b loan from Chinese bank Ø  Wholesale price index at 10-month low of 7.48% Ø  TCS bags 10-year deal from Deutsche Bank Ø  IATA increases profit forecast for industry to $15.1 billion		Mint Ø  India-China FTA talks may stumble over trade deficit Ø  Rising crude oil prices spell good news for Cairn India Ø  Future Supply Chain mulls Rs400 cr expansion plan Ø  Govt selects 37 companies to build solar power plants Ø  Nissan, Mitsubishi Motors announce deeper ties
Financial Express Ø  BPCL hikes petrol prices by Rs 2.96/litre Ø  BSE to suspend trading in 12 firms Ø  JSW Infra sells stake to Eton for $125 mn Ø  Indirect tax till November grows 50% Ø  Bajaj unveils cell phone tax calculator Ø  ICVL set to bid for Riversdale