Morning News (click on link to read article) IFCI research, Jan 7, 2011

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Morning News (click on link to read article)

Economic Times	Ø	Business Standard
Ø  Food retail chains see rise in footfalls Ø  Consumption growth to spawn many M&As in the FMCG space Ø  Riversdale, Tata to own Mozambique power plant Ø  Oil firms' woes mount as inflation worries weigh Ø  Suzlon bags Rs 865cr order from Hindustan Zinc Ø  IOC losing Rs 151 cr per day on selling fuel below cost		Ø  Deloitte tells AI to freeze pay, promotion for 3 yrs Ø  ADAG promoter to invest Rs 1,600 cr in R-Infra shares Ø  BHEL-Alstom, L&T-MHI in final round of NTPC tender Ø  NSL signs MoU for 1,320 Mw thermal plant worth Rs 6,600 cr Ø  IHHR Group to invest Rs 750 crore for hotel business Ø  Ennore port plans to raise Rs 400 crore
Business Line Ø  At 18.32%, food inflation surges to year's high Ø  Pak bans over-land onion sales to India Ø  17-30% hike in rural job scheme wages Ø  IMF favours further rate hikes to tame inflation Ø  Rain affects prospects of crop protection firms		Mint Ø  Rupee gains as custodian banks sell dollars Ø  L&T’s construction division bags Rs1,181 cr order Ø  Goldman to sell $446 mn stake in Accordia Golf Ø  Merck, Ranbaxy drug development deal called off Ø  IOC losing Rs151 cr per day on selling fuel below cost
Financial Express Ø  DoT may cancel new telecom licences Ø  C Mahendra Exports IPO subscribed 2.78x Ø  Inox jumps 17%, trims gains; Fame falls Ø  Ambani to hike stake in Reliance Infra Ø  'M&As involving India Inc at $68 bn' Ø  'Indian watch market to touch Rs 8,500 cr'		DNA Money Ø  Gartner raises IT spend estimate on weaker dollar Ø  Upcoming power projects have to keep 50% output in home state Ø  Amul working on plan to raise milk productivity to control rising prices Ø  Air India board meet on January 19 may seal Pawan Arora’s fate Ø  Microsoft sold over 8 million Kinects in 60 days: CEO Ø  AT&T to cut price of older iPhone in half