Morning News (click on link to read article) IFCI research, Dec 30, 2010

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Morning News (click on link to read article)

Economic Times	Ø	Business Standard
Ø  Uninor, others pay penalty for delayed 2G rollout Ø  Govt to up its stake in Union Bank of India to 58 per cent Ø  Godawari Power to set up Rs 7bn solar power project Ø  Cognizant, TCS, Accenture hire over 1,000 each from campuses Ø  Canadians to pay up to almost $1,000 for UAE visas Ø  Marico sees Q3 margins under pressure as input costs rise		Ø  NTPC likely to float Rs 18,000-cr tender Ø  GMR Group plans floating LNG terminal on east coast Ø  SAIL FPO in Jan, ONGC in March, IOC deferred Ø  NTC begins e-auction for 2 Gujarat properties, offered Rs 90 cr for one on first day Ø  Groupon to raise $950 mn
Business Line Ø  Equity MFs beat Sensex, yet fail to retain investors Ø  Suspect sold third party, not Citibank, products Ø  Tata Steel Teesside plant sale hopes on a high Ø  Tea crop loss seen at 30 million kg this year Ø  Pricing makes PSU offerings attractive to retail investors		Mint Ø  Sensex gains on low volumes; HUL, banks up Ø  India Inc raises Rs2 trillion in decade via IPOs Ø  Lack of interest in commercial space despite huge investments Ø  Nabard earmarks Rs100 cr to lend to VCFs Ø  Sanghvi Movers eyes Rs360 cr revenue in FY11
Financial Express Ø  Delhi-NCR home prices rise 36%: C&W Ø  BMW India to create 1,200 jobs Ø  IPOs: India Inc bags Rs 2L cr over 10 yrs Ø  Aditya Birla Gr buys out Apicorp in ACBC Ø  NCR attracts 2nd highest FDI Ø  IOC to go ahead with Rs 55,000-cr expansion		DNA Money Ø   Textile industry is unclear about the new policy changes’ Ø  Godrej Properties signs development pact with Addison & Co Ø  Cabinet likely to decide on equity infusion in Air India tomorrow Ø  Etisalat, others start paying penalty for missing roll-out Ø  Arvind sees brands, value-retail arms growing at 50% annually for 3 years Ø  China National Petroleum eyeing pact with state-run ONGC