IFCI - Morning News- 6 Apr 2011

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Bank CEOs oppose savings rate deregulation Ø  Wipro restructures to take on TCS, Infosys, Cognizant; senior managers exit, 6 verticals created  Ø  Genesis hikes stake in SKS Microfinance to 5.06 pc Ø  NTC to invest Rs 425 crore to foray into technical textiles space Ø  AGIL to invest Rs 300 crore for 3 hospitals in northern India		Ø  FII-TO-FII TRADES: BoB traded at 5% premium Ø  Texas Instruments to buy National for $6.5 bn Ø  LG Mobile eyes Rs 3,000 cr revenue in India Ø  BHEL clocks turnover of Rs 4,202 cr, gears up for further expansion Ø  Tariff hike to net Rs 1,172 cr more revenue for discoms Ø  I-T slaps Rs 20,000 cr penalty on Hasan Ali's 4 aides
Business Line Ø   Telenor distances itself from Unitech's alleged wrongdoings Ø  Apex court lifts Karnataka iron ore export ban Ø  Vodafone moves apex court to block penal action by I-T Dept Ø  Foreign airlines cannot settle rupee transactions overseas: RBI Ø  China hikes interest rate to curb inflation		Mint Ø  Microfinance firms’ loan recast hits a roadblock Ø  Government may set up regulator for fertilizer sector Ø  Recovery at overseas subsidiaries improves outlook for Bharat Forge Ø  P&G to sell Pringles to Diamond Foods for $1.5 bln Ø  Pfizer selling Capsugel to KKR for $2.38 bln
Financial Express Ø  Investors flee from emerging markets Ø  Maruti Suzuki hikes prices by Rs 9,000 Ø  Silver prices hit 31-year high Ø  Honda completes exit from Hero Honda Ø  United Phosphorus buys 50% in Sipcam Ø  Voltas hikes stake in Oman JV to 60% Ø  ICICI V, Gaja put Rs 100 cr in TeamLease