April 26, 2011: 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  SBI rules out merger of affiliates this year Ø  Dhanlaxmi Bank to mobilise Rs 1,000 cr by June-end Ø  LG to invest Rs 300 crore on marketing initiatives in India for this year Ø  Alok Industries plans Rs 2,000 cr investment in 4years to add capacity Ø  Mahindra Verito launched at Rs 4.82 - 5.62 lakh		Ø  Court bars Mumbai airport from levying development fee Ø  Infosys sees another high-profile exit Ø  RBI penalises 19 banks for mis-selling derivatives Ø  ACC net dips 11% to Rs 350 cr Ø  Lactalis bids $4.95 bn for rest of Parmalat Ø  Rs 56,000 cr investment grounded in steel sector Ø  Diesel prices may go up by Rs 2 next month
Business Line Ø  Parry Sugar March quarter net dips 22% Ø  Star India ups advt rates by 20% Ø  ITC, Ruchi Soya among 50 fastest growing consumer cos Ø  GTL Infra shareholders okay merger of CNIL Ø  Bullion prices down on reduced offtake		Mint Ø  StanChart’s acquisition of TMB shares under scanner Ø  Banks want better terms for Air India debt recast Ø  Ocean tech institute, Kirloskars close to desalination plant deal Ø  Coca-Cola profit misses on expenses, earthquake Ø  Sony to take on Apple with launch of first tablet PCs
Financial Express Ø  Reliance MF eyes income fund launch Ø  Poultry Inc loss on broiler Rs 5; egg 25p Ø  Airport fee axed, GVK, GMR stocks fall 3% Ø  Coca-Cola Q1 net income up 17.65 pc to USD 1.8billion Ø  Thomas Cook (India) Q1 net up 149% at Rs 4.3crore Ø  Apparel exports slightly up to Rs 50,862 crore in FY11		DNA Ø  Cement, realty, textiles may see profitability drop this year Ø  Gammon Infra to commission Rs3,736 crore road projects by June 2012 Ø  KPIT Cummins in talks with two foreign carmakers for Revolo Ø  HNIs and corporates offloading long-term MF investments Ø  Maruti shaving Dzire rump for excise gains Ø  REC to raise $750 m via bonds, loans