Morning News (click on link to read article) IFCI research, 25 March 11

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Economic Times		Business Standard
Ø  Azim Premji against law on mandatory CSR spending Ø  Mobile operator S Tel's Rs 953-Cr loan in trouble Ø  PE investments in SMEs rise 70% in Jan-Feb Ø  ABB bags $900 million order from PowerGrid Ø  GAIL aims transmitting 118.2 mcm gas per day in 2011-12 Ø  DoT response to demerger of surplus land still awaited: Tata Communications		Ø  Steel minister assures all help for early allotment of mines to VSP Ø  Credit Suisse cuts CEO pay 34% after profit drops Ø  Irda likely to trim M&A norms for general insurance firms Ø  Punjab National Bank to issue 1.51 million shares to govt Ø  Orissa steel, mines dept allows transport of coal by GMDC Ø  Rupee advances as global funds add stock holdings
Business Line Ø  Termination notices for 85 new licences issued: DoT to PAC Ø  Usha Martin raises $ 125 mn through ECB Ø  TDSAT stays Rs 50 crore penalty on Idea Cellular Ø  IT companies offer Japanese staff option to relocate to India Ø  Natco Pharma may exit from pharmacy business in US		Mint Ø  New draft of MFI Bill to give more teeth to RBI Ø  M&M to invest over $67 million in new plant Ø  Goldman CEO says ex-director Rajat Gupta spilled secrets Ø  Godrej Household’s licence to sell Kiwi terminated Ø  Subscriber additions boost Dish TV stock
Financial Express Ø  CAG raps ONGC for inflated Imperial buy Ø  Silver hits new high at Rs 56,400 Ø  CAG raps OVL for Rs 2,300 crore loss Ø  Pramerica MF unveils income NFO Ø  JSW Steel revises offer price for Ispat Ø  Maharashtra Budget hikes electricity tax		DNA Money Ø  Gemfields emerald auction earns $9.9 million Ø  Inflation set to breach RBI’s 8% goal for fiscal Ø  Godrej may swap Sara Lee brands with its own Ø  Portugal in crisis, unlikely to seek bailout at summit Ø  Tax for NSC returns is the same for NRIs & residents Ø  Stamp duty on exchange transactions to impact volumes: