13/4/11: Morning News (click on link to read article) IFCI research,

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Philips cuts entry-level prices of its own kitchen appliances and other products Ø  Pharma sector sees rising trust in good old brands  Ø  PE firms raised $50 bn in Jan-March quarter: Report Ø  Panasonic eyeing 65% jump in revenue from India in FY 12 Ø  McDowell's No 1 Platinum sells 30 million bottles		Ø  GMR to raise $150 mn for its airports biz Ø  Lemon Tree Eyes Rs 600 cr turnover in two years Ø  Titan Eye Plus aims at 66 % growth in eastern region Ø  Allied Irish loss soars to $15 bn, axes 2,000 jobs Ø  Tata Chemicals to invest $170 mn more in urea complex Ø  Banks quarrel over MFI debt recast
Business Line Ø  SAIL gets environmental clearance for biggest iron ore mining project Ø  LG Electronics launches ‘Smart TV’ Ø  NTC eyes Rs 2,000-cr sales turnover by 2013-14 Ø  Urban households project 13.1% year-end inflation Ø  Cognizant, Genomics tie up with Pistoia		Mint Ø  Continental in talks to buy 51% stake in Modi Rubber Ø  India’s literacy rate rises to 74%: Census Ø  Monsoon meet likely to forecast near-normal rains Ø  Govt seeks World Bank assistance for 37,000 km roads Ø  ADB extends $250 mn loan for Bangalore metro rail project
Financial Express Ø  RBI survey sees inflation at 13% Ø  Parsvnath's 12% pledged stake revoked Ø  ICAI hints foreign audit cos fuel fraud Ø  Taxman 'gifted' India Rs 72,000 cr Ø  IT firms set for robust Q4 profit Ø  GMR offloads 50% stake in InterGen		DNA Ø  Indian Overseas Bank set to raise $500 million on Friday via medium notes Ø  Blue Coast to invest Rs1,500 crore in three hotels Ø  GMR Infra rejigs strategy, to keep off global power assets Ø  Emami eyes Rs40 crore revenue from Pure Skin brand in first year Ø  Tata Chemicals to buy 25% in Gabon urea project Ø  Blue Coast to invest Rs1,500 crore in three hotels