IFCI research, Morning News (click on link to read article) 10 Feb 2011

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  IT sector poised to top NASSCOM growth projection: Ramadorai Ø  Domestic car sales up 26%, bikes 15% in January Ø  India Infoline for Sebi probe into fraudulent trading of co shares Ø  Anil Ambani asks Reddy to allocate natural gas to power project Ø  Ramesh allows SAIL to mine Chiria, overrules Forest panel again		Ø  DLF to approach apex court against order to demolish Gurgaon SEZ Ø  Tractors India draws Rs 200-cr expansion plan Ø  BoB appoints HP to implement IT modernisation Ø  Sterlite gets land for Rs 9,700-cr LCD project in Maharashtra Ø  BPCL net dips 50% in Dec quarter Ø  Rupee snaps 6-day advance as investors dump stocks
Business Line Ø  India set for record wheat, pulses & maize output Ø  REC plans to hike lending rates by 50 bps soon Ø  Corporation Bank hikes base rate by 50 basis points Ø  Sterlite bags Rs 2,900-cr transmission package Ø  ONGC to float tenders worth Rs 8,000 cr		Mint Ø  Lanco Infratech stock declines sharply Ø  MoEF gives nod to SAIL’s Chiria mines Ø  Tata Technologies to hire 2,000 engineers Ø  ADB plans to set up $250 mn guarantee fund for microfinance Ø  Texmaco Rail expects Sebi nod for listing soon
Financial Express Ø  Reliance MF launches Gold Fund Ø  Patni Comp Q3 net income dips 2.71% Ø  Car sales up by 26%, bikes by 15% in Jan Ø  Coal India may buy strike $100-mn deal Ø  2% CSR spend on cards for India Inc Ø  Mayawati's budget offers sops for SCs		DNA Money Ø  Anil Ambani alleges bear attack as group stocks tank Ø  Mahindra Satyam looking to relist on NYSE in 2011-12 Ø  Britannia Q3 net rises 28% to Rs37 crore; sales up 22.5% Ø  AIG to take $4.1 billion fourth-quarter charge Ø  Sharad Pawar bats for limited onion exports Ø  KPIT Cummins’ Revolo to enter production in six months