IFCI - Morning News- 8 Apr 2011

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Vodafone-Essar deal: Essar to ask Voda to pay $700 mn more for 33% stake Ø  Reliance Infra asked to apply afresh for distribution license in Mumbai Ø  BSNL's FY11 losses increase 50% to Rs 2,725 cr Ø  Metro Railway crosses Rs 100 cr mark in revenue collection Ø  2G scam: PAC summons cabinet secretary, PM's principal secretary		Ø  DE Shaw close to buying 14.2% stake in NDTV Ø  Hilton to manage Eros properties in India Ø  Apollo to invest about Rs 1,000 cr Ø  At 9.18%, food inflation declines to a four-month low Ø  DGFT denies blanket ban on food imports from Japan Ø  Bank of England holds rate at 0.5 per cent
Business Line Ø  Govt may get Rs 350 cr tax from IPL tournament Ø  Gujarat NRE pays $17.5 m for FCCB conversions Ø  Tech Mahindra bags Vodafone Australian arm's $250-m IT deal Ø  Elecon Engg wins Rs 176-cr order Ø  BHEL Hyderabad profits up 37%in 2010-11		Mint Ø  Efforts to defuse Hazare crusade gain urgency as Sonia reaches out Ø  Merck’s dividend payout hikes return on capital employed Ø  Royal Orchid to add 900 more rooms in 2011 Ø  GVK in talks to fund Hancock mines buy: Sources Ø  ICICI Bank acquires 5.68% in Kingfisher Airlines
Financial Express Ø  Citi's wealth mgmt service banned Ø  Reliance gas output falls, Govt worried Ø  Blue Dart stock up 20% on buyout report Ø  Cairn India stock down over deal delay Ø  Property in Dubai cheaper than Mumbai Ø  BMW posts highest ever sales in India		DNA Ø   VA Tech Wabag moves away resources from North Africa Ø  Insurers spruce up product baskets to revive sales Ø  CBRE sees gains as companies set up beachhead abroad Ø  Air India decides to scrap deal between Shahid Balwa and HCI for Centaur Ø  Cash gift to kids living abroad is not taxable Ø  American NGO to distribute 1 million low-cost glasses a year