Morning News (click on link to read article) IFCI research, 4 Feb 2011

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  IDFC, BoI may lead India Inc in $2-bn overseas borrowing spree Ø  Coal imports to jump 70% next fiscal: Govt Ø  BHEL unit likely to achieve over Rs 12,750 cr turnover Ø  Jain Irrigation in advanced talks to sell 30% in NBFC Ø  Religare Wellness scouts for buys in African & South Asian nations		Ø  Govt may allow bank guarantees to deepen corporate bond market Ø  Ambuja Cements net profit rises 4% in 2010 Ø  NTPC floats Rs 19k-cr tender Ø  ACC net profit dips 31% to Rs 1,077.5 cr in 2010 Ø  Mega steelmakers' merger to have major impact on Indian firms Ø  Non-life insurers clock 22% growth in April-December
Business Line Ø  Bharti Retail, Airtel tie up for shopping bill payment Ø  Canara Bank raises BPLR by 50 bps Ø  Fertiliser stocks rally ahead of policy meet Ø  Unilever Q4 net up 15% on emerging markets growth Ø  BoB hikes lending rates by 50 bps		Mint Ø  SBI taps telecom firms, others to extend reach Ø  Tata Motors can’t meet heavy-duty truck demand Ø  SKS may shut shop in Andhra Pradesh Ø  Bharti net slumps on forex swings, fees Ø  India creates mechanism to pay for Iran oil purchase
Financial Express Ø  Sugar price at 30-yr high, stocks up 9% Ø  Ayurvedic drugs face EU ban from May 1 Ø  Marico, Dabur shut down plants in Egypt Ø  NALCO eyes Hind Copper mines stake buy Ø  Ashok Leyland Jan sales down 2 pct Ø  US-India bilateral trade jumps 30% in '10		DNA Money Ø  TRAI for solar towers, sees Rs6,500 crore gains for telecom companies Ø  Jet Airways to repay Rs1,000 crore debt every year Ø  Housing project proposals witness 50% drop in Mumbai Ø  Vodafone dials a much better topline number than Bharti Ø  L&T Infra Fin retail bond issue to open Feb 7 Ø  Oil rises above $91 amid mixed US supply data