April 26, 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  Sesa Goa posts Rs 4,222 cr net profit in FY 2011 Ø  Marico to invest Rs 37 cr to set up facility in Bangladesh Ø  Matrix plans to invest Rs 70 cr in Soham Energy Ø  Kalpataru Power Transmission bags new orders exceeding Rs 1,350 crore from NEC Ukrenergo Ø  NALCO hikes aluminium prices by Rs.3,000 per tonne Ø  Neelanchal Ispat to commission Rs 1,885-cr expansion project		Ø  P&G net down 11% in March quarter, sales up 14% Ø  FIIs net sell Rs 378cr, DIIs net buy Rs 237cr Ø  Ballarpur Ind Q3 net up 10% to Rs 60.63 cr Ø  Innoventive Industries' Rs 220-cr IPO opens today Ø  ING Life ties up with Vizag co-op bank Ø  Post-Sept norms hit life insurance biz
Business Line Ø  2G scam: Kanimozhi, 4 others named co-conspirators Ø  Indian Bank’s Rs 1,500 cr FPO likely by Sept Ø  Sterlite surges over 4% on robust Q4 earnings Ø  Revised norms for mergers and acquisitions to be ready by May 1 Ø  IndianOil ready to sell petrol, diesel to Pakistan		Mint Ø  Sterlite’s zinc business drives performance Ø  Coromandel Q4 results disappoint investors Ø  Lower priced inventory, higher coke prices boost Gujarat NRE Coke Ø  TCS eyes buys in Germany, Japan Ø  Gillette India net down 51.45% at Rs 20.73 crore
Financial Express Ø  Maruti Suzuki net down 9% for FY Ø  Sizzling silver breaches Rs 75,000 mark Ø  Honda to cut production in India by 50% Ø  Indian Oil may raise petrol prices soon Ø  Birla Sun Life AMC launches gold ETF Ø  Merck's Q1 net declines 13% to Rs 13.39 cr		DNA Ø  Union Bank of India to raise up to $500 m via notes Ø  IndusInd Bank sees credit growth of 25-30% in FY12 Ø  MMTC to hike gold imports by 8% in FY12 Ø  BOC India Q1 net up 12% to Rs26.72 crore on other income Ø  IOCL's daily revenue loss on fuel sales Rs2.97 billion Ø  Infosys Q4 profit at Rs1,818 crore; announces dividend of Rs 20