Morning News (click on link to read article) IFCI research, Dec 31, 2010

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Morning News (click on link to read article)

Economic Times	Ø	Business Standard
Ø  Rains drown India’s crop estimates, stoke inflation Ø  ADAG to use 'Reliance' as master brand Ø  Citibank fraud:Citibank’s bottomline may face Rs 300-cr hit Ø  Going grameen in a typical micro-Indian way Ø  Pranab Mukherjee to make big Budget change in direct tax laws Ø  Quota for mills delays sugar import decision		Ø  Citibank faces huge liability in fraud case; settlement seen Ø  oil marketers get a reprieve Ø  Rs 3,300 cr gives Sahara keys to Grosvenor House Ø  ONGC hires deepwater rig from Vantage for $1 bn Ø  Carrefour opens first store in India Ø  Sony sues LG to ban its handsets in US
Business Line Ø  SBI bond issues to mop up Rs 10,000 cr this, next year Ø  Cabinet approves equity infusion of Rs 1,200 cr for Air India Ø  Costlier onion, milk drive food inflation to 10-week high Ø  Tribunal awards AP largest share of Krishna surplus Ø  45% of farmers want to quit farming: Swaminathan		Mint Ø  Cabinet approves introduction of mining bill in Parliament Ø  Opening institutes made easier for firms Ø  Govt to consult all parties on Telangana decision next week Ø  Jute mills face labour crunch, owners blame MGNREGS Ø  India Inc raises Rs2 trillion in decade via IPOs
Financial Express Ø  Strides to get $28 mn from USJV sale Ø  Rs 1,900 cr tax evasion by gutkha kings Ø  2/3 of 2010 IPO stocks in red: Survey Ø  C Mahendra Exports IPO price band set Ø  Govt approves Rs 1,400 cr to settle banks ... Ø  'China's super rich to grow by 16%'		DNA Money Ø  Freight hike seen denting cement cos’ margins 1-2% Ø  Manufacturing growth in China eases a notch Ø  2010 saw fastest FMCG launches, relaunches Ø  Book keepers, accountants coming from rural BPL families Ø  Rs36,000 crore road projects to be awarded in Jan-Feb Ø  Bharathi sees cement prices rising 5-10% on input costs