April 1, 2011 IFCI research, Morning News (click on link to read article)

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  US Treasury made $23-bn profit from bailouts Ø  Onion export price cut to $170/tonne Ø  Ramky Infra ties up debt of Rs 14.4 bn for road project Ø  Idea rolls out 3G services in Haryana Ø  Indicon plans Rs 500-crore container unit Ø  PVR to bring IMAX in India; to invest Rs 100 cr on PVR screens		Ø  Smartlink to sell Digilink to Schneider Electric for Rs 503 crore Ø  FII-TO-FII: IndusInd Bank traded at 6% premium Ø  Kingfisher lenders convert part-dues to equity way clear for GDR issue Ø  HAL topline up 14% for 2010-11 Ø  KPTL bags orders worth Rs 950 cr Ø  S&P cuts Indian general insurance rating
Business Line Ø  External debt up 13.9% at Dec-end Ø  Orissa to allow Posco to swap iron ore for making better steel Ø  April-Feb fiscal deficit at Rs 2.75-lakh cr Ø  Bajaj Hindustan steps up power focus Ø  BGR Energy turnover to touch $1b Ø  L&T sells stake in joint venture to partner		Mint Ø  Mahindra to sell Ssangyong SUVs in India, Africa Ø  Nissan says no plan to combine firm with Renault Ø  Bajaj all set to launch its small car next year Ø  Macquarie SBI Infra invests $200 mn in GMR Airports Ø  Piramal Healthcare buys back shares worth Rs2,508 cr Ø  GE sees India revenue rising more than 30% in 2011
Financial Express Ø  Govt OK's equity-for-imports trade-off Ø  Silver jumps to all-time high at Rs 56,900 Ø  Sebi hikes FIIs infra bonds cap by $20 bn Ø  Cheque payments costlier from April 1 Ø  Govt eases FDI policy to boost inflows Ø  Welspun bags orders worth Rs 1,182 cr		DNA Money Ø  DoCoMo to invest Rs800 crore in Tata Tele to maintain stake Ø  Vodafone buys 33% from Essar at preset $5 billion Ø  Hershey raises candy prices by nearly 10% Ø  Food inflation in single digit at 9.5% for week that ended on March 19 Ø  Deepak Fertilisers plans Rs1,500 crore Australia plant Ø  Longest rally in two years helps Sensex end fiscal with 11% gains

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