IFCI research, Morning News (click on link to read article) Jan 11, 2011

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Edelweiss plans to lend Rs 5,000 cr for retail housing Ø  Nashik onion traders on strike, prices could rise further Ø  Sterlite Tech gets fin closure for Rs 700-cr North-east UMTP Ø  JSW Steel emerges highest bidder for Bellary Steel: Sources Ø  Piramal told to stop drug advt in guise of awareness Ø  27 years, 3000% cost hike later, Tejas takes off		Ø  Tata Steel set to raise Rs 3,500-5,000 cr via FPO Ø  China 2010 car sales up 33% Ø  Duke Energy's $13.7-bn Progress buy to create largest US power firm Ø  Rel Footprint achieves break-even, targets Rs 2k cr in 5yrs Ø  Star Health plans to increase capital by Rs 120 crore Ø  IDC to expand its business
Business Line Ø  No reversal of sugar export decision, claims Pawar Ø  Auto sector demand pushes up steel output in Dec Ø  AP to purchase 1,000 MW additional power Ø  Now, Crisil goes for B-school rating Ø  Rubber imports double to Rs 2,000 cr in April-Oct		Mint Ø  Higher gas costs affect profitability at Indraprastha Gas Ø  Marico holds steady, despite rising commodity prices Ø  RBI rate hikes to slow growth: banks Ø  Smith & Nephew jumps 13% on reported J&J bid Ø  SC notice to Trai, DoT and 11 firms
Financial Express Ø  Reliance Industries stock falls over 3% Ø  Rate fears spur 467-pt Sensex crash Ø  Bangladesh stock market crashes 9.25% Ø  iGate buys 63% stake in Patni Computer Ø  DuPont strikes $5.8 billion Danisco deal Ø  India's exports seen at over $500 bn		DNA Money Ø  Investors lose Rs4 crore per second in last 5 sessions Ø  Pennar seeks to buy engineering firm with sheet-metal skills and Rs200 crore sales Ø  Jindal Poly Films to list power arm by next fiscal Ø  Fiat ups stake in Chrysler to 25% Ø  Nissan ups ante, plans 2 more small cars at Rs2.5-3.5 lakh Ø  Govt drops 60% import tax on sugar