Morning News (click on link to read article) IFCI research, 28 Feb 2011

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Cong responsible for 99% corruption in India: Ramdev Ø  Govt banks likely to miss rural housing loan target Ø  MNC banks want it smooth for answering the arms call  Ø  Hero to raise Rs 3,500 crore by pledging shares Ø  RIL talking to Orix to buy IL&FS Holding for $1.2 bn Ø  Reliance-BP deal: Niko, Hardy give 'no-objection certificate'		Ø  RBNL plans to launch TV channels in neighbouring countries Ø  Nikon India to invest Rs 120 crores in brand building in FY 2011-12 Ø  India becomes a jewel in the Capgemini crown Ø  NMDC to set up Rs 150 cr beneficiation plant Ø  DishTV to add 3.5 mn subscribers in 2011-12 Ø  Geologist bets on $70-billion oil find
Business Line Ø  Tobacco mfg companies raided in Kanpur Ø  Airtel speech recognition-based service for Rs 2 a minute Ø  Despite curbs, import of unbranded Chinese mobiles grows 90% Ø  FIIs in no hurry to pick up bargains Ø  BHEL to begin renewable energy generating equipment production soon		Mint Ø  New chairman UK Sinha plans to revamp Sebi Ø  AIR expects to earn `8 crore ad revenue from ICC World Cup Ø  China lowers economic growth target to 7% Ø  Irda’s plan to sell insurance products through post offices hits roadblock Ø  Telecom firms may get tax exemptions
Financial Express Ø  ONGC tops PSU profit list Ø  FM may raise tax exemption cap to Rs 2 L Ø  Budget may lower farm loan interest to 4% Ø  Top seven cos lose Rs 38K cr in m-cap Ø  NALCO chief suspended, Bagra is new CMD Ø  JSPL to set up world's biggest steel plant		DNA Money Ø  A break of 46 can take rupee down to 47 Ø  Higher wage cost forces Coal India to hike prices 30% Ø  Under DTC, fixed-maturity plans may lose double-indexation benefit Ø  Home dept gets 70% more in Gujarat budget Ø  Oil ministry reframing conditions for Cairn deal Ø  NCC to divest 20% in infrastrucutre arm to private equity