Morning News Summary: IFCI research, Jan 28, 2011

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Economic Times		Business Line
Ø  Mahindra Genio, pick-up truck launched at Rs 4.99 lakh Ø  HDFC Bank to hike interest rates for auto, other loans Ø  Rel Cap's arm files merger petition in Bombay HC Ø  GM India unit says to source $1 bn auto parts Ø  Tata Hispano bags order from Avanza Group for 500 buses Ø  General Motors launches locally-developed engine Smartech in India Ø  Indian consumer firms eye Africa as next growth driver Ø  Sterlite Tech to develop 765kV transmission system		Ø  Power capacity addition heads for record this fiscal Ø  Cotton flares up on mill demand, global cues Ø  Expansion in advances drives HDFC Bank profits Ø  Jet Air puts cargo airline plan on the backburner Ø  Sterlite mulls next move on Balco call option Ø  Cummins India exits exhaust business Ø  NTPC-NPCIL joint venture incorporated Ø  Prescription mandatory for pesticide sales Ø  Selling pressure pounds sugar
Business Standard Ø  No fuel subsidy cut: Reddy Ø  JSW Steel's net profit plunges 32% Ø  Tata Chemicals' net profit drops 22.5% at Rs 164.6 cr Ø  Lupin net profit up 39%, to Rs 224 crore Ø  BEML signs productivity-linked wage settlement with staff Ø  ONGC finds shale gas in Bengal Ø  RBI again warns banks on asset-liability mismatch		Mint Ø  Festive season drives volumes pan-India; Mumbai an exception Ø  Heavy govt spending likely in early FY12, says RBI Ø  HP plans data centre in India for cloud services Ø  Dainik Bhaskar may launch Marathi daily Ø  Limit on annual income can be changed Ø  I-T questions HCC’s accounting of `648 cr claim from state govt Ø  Chennai Petroleum improves gross refining margins in December
Financial Express Ø  NTPC to offer 20% to QIA in energy JV Ø  Vedanta's Cairn deal gets Apr D-day Ø  Phone users drive mobile apps downloads to $15 bn Ø  Reliance Retail to open 20 Hamleys toy stores Ø  Essar Oil in talks to enter Colombia Ø  Shipping sector still in choppy waters: Fitch		DNA Money Ø  Top-brass churn shows improving climes for hospitality sector Ø  JSW Steel renews focus on value added steel Ø  Turbulence hits Jet Airways’ fundraising plan again Ø  Marico will take margin hit to retain consumers Ø  ‘Lack of indigenous manufacturing capacity limiting hydro sector’s growth’ Ø  Tribhovandas Bhimji Zaveru files for Rs2 billion IPO