April 28, 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  Wipro Q1 FY12 revenue to either fall 0.4% or grow 1.5% Ø  Exide Ind Q4 net up 22 pc at Rs 164 cr Ø  India caps offer price for Turkmenistan gas at $12.67 Ø  Growth to be around 8% in FY12; more RBI rate hikes: Citi Ø  PE firms sitting on $20 bn meant for India investment Ø  Bharat Electronics Limited sales turnover touches Rs 5,550 crore		Ø  UBL profit up 53% in March quarter Ø  Dabur net jumps 9% on cost-saving initiatives Ø  UK economy grew 0.5% in first quarter on services rebound Ø  Opto Circuits gets big contract from Spain Ø  Shiva Cement signs pact with Orissa for Rs 800 cr expansion plan Ø  SBI Life net rises 32.6% in 2010-11
Business Line Ø  Passengers left stranded as 800 Air India pilots go on strike Ø  Private airlines cash in, raise fares up to 50% Ø  SBI Life net up 33% in 2010-11 Ø  Abbott India Jan—Mar quarter net at Rs 5.94 cr Ø  Govt to look into reasons for fall in gas from Reliance fields		Mint Ø  Price hikes, other income boost Castrol’s profit in March quarter Ø  J&J to buy Synthes for $21.3 bn Ø  Dabur’s profit hit by costs, acquisitions Ø  Jyothy close to $203 mn deal for Henkel India stake Ø  HNGIL to invest Rs 5,000 cr in 5 years to hike production capacity
Financial Express Ø  Govt may penalise RIL for gas shortfall Ø  Patni Q1 net up 3.33 pct at Rs 162.28 cr Ø  Nokia axes 7,000 jobs to slash costs Ø  SBI Life profit up 33 pct in FY'11 Ø  Wipro to hike salaries by up to 15 pct Ø  United Breweries Q4 puts net at Rs 40 cr		DNA Ø  Road developers race towards annuity deals Ø  Coal India sets internal goal to double output target Ø  Petronet LNG will diversify into power, city gas Ø  Service tax changes decoded: New rules will eat into your pocket from May 1 Ø  Cement prices may fall mid-May as monsoon nears Ø  Petronet aims to run Dahej terminal at 100% capacity