Morning News (click on link to read article) IFCI research, Jan 12, 2011

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  India, Iran looking at euro, yen to resolve crude payments row Ø  Pfizer Q4 net up 71.64 pc to Rs 43.58 cr Ø  Raise IT exemption limit to Rs 3 lakh in 2011-12: Trade Unions Ø  IndusInd Bank hikes deposit rates by up to 1.75 per cent Ø  Reliance Footprint achieves breakeven, looks at Rs 2k cr in 5 yrs Ø  Essar Oil starts gas production from Raniganj CBM block		Ø  AI to hire 700 to meet its shortage of cabin crew Ø  UPCL begins industrial power cuts Ø  State plans Rs 5,060 crore excess spend this year Ø  Tata Motors shifts into high gear to get Nanos off lots Ø  Ramky consortium ties up funds for road project Ø  Paddy procurement likely to fall by 25 per cent
Business Line Ø  Bank chiefs seek cut in SLR, CRR to ease liquidity crunch Ø  PM takes up food prices issue with key Ministers Ø  Hyundai plans major expansion in TN; to invest Rs 1,500 crore Ø  Moser Baer Projects' arm raises Rs 580 cr Ø  GM India to invest Rs 2,000 cr on expansion, CV biz		Mint Ø  Shale gas blocks auction by year-end Ø  SKS Microfinance to provide small loans at 24.55% Ø  Educomp plans JV for wireless education in India Ø  Biocon’s oral insulin fails experiment Ø  Parsvnath to get Rs100 crore from global PE fund
Financial Express Ø  SEBI warns of Iran money in stock mkt Ø  Tata Comm to buy US-based BitGravity Ø  TCS, Infy stocks lose shine ahead of Q3 Ø  Auto sales up 31% in December: SIAM Ø  Educomp inks JV with Zeebo, Lakshya Ø  TCI floats JV with Concor, enters realty		DNA Money Ø  Tata Steel offering to raise up to $800 million by end-January: Sources Ø  Pennar seeks to buy engineering firm with sheet-metal skills and Rs200 crore sales Ø  Fiat ups stake in Chrysler to 25% Ø  Nissan ups ante, plans 2 more small cars at Rs2.5-3.5 lakh Ø  Railways’ operating ratio nearing 100% Ø  Govt drops 60% import tax on sugar