11/5/11: 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  Oil cos plead for 6/litre hike in petrol prices  Ø  IFC likely to acquire upto 12% stake in Jay Shree Tea and Industries Ø  Jubilant Life Sciences net falls 73% to Rs 62 cr Ø  Speak Asia wants to up its panelists base to 10 mn by year-end Ø  MCL mining suspended for agitation		Ø  NSE defers decision to induct brokers on board Ø  Mumbai airport issues warning to Kingfisher on Rs 105-cr dues Ø  Educomp to invest Rs 150 cr in Great Lakes institute Ø  BSNL, MTNL may get Rs 3,000-cr aid from govt Ø  Punjab increases electricity rates by 9.2% to cover revenue deficit Ø  BoI, IoB plan to raise $850 mn through overseas bonds
Business Line Ø  Loans to turn costlier as SBI hikes BPLR by 75 bps Ø  Rupee down by 2 paise on fag-end dollar demand Ø  Asian Paints Q4 net down 3% at Rs 171.43 cr Ø  Sobha Developers net up 34% at Rs 182.5 cr Ø  HP unveils FlexNetwork architecture for enterprise biz		Mint Ø  Debt schemes of MFs under Sebi scanner Ø  Nirma’s cement plant in Gujarat faces relocation Ø  Higher metal prices, volumes aid Hindalco Ø  Sobha Developers aims to slash debt by 15 % in FY12 Ø  Bond yields rise to 31-month high on fears of fuel price hike
Financial Express Ø  Microsoft to acquire Skype for $8.5 bn Ø  ING Life reports Rs 70 cr loss in FY'11 Ø  EGoM meet on diesel price hike deferred Ø  NTPC's Q4 profit grows 38 per cent Ø  Ranbaxy Q1 PAT at Rs 304.38 cr Ø  Govt's disinvestment kitty set to cross Rs 1 lakh cr mark		DNA Ø  HDFC Q4 net surges by 23% to Rs1,142 crore Ø  BSE to include Future Ventures in IPO Index   Ø  ICICI Prudential Mutual Fund to modify exit load Ø  SBI increases lending rates by 75 basis points Ø  SKS Microfinance may raise up to Rs5,000 crore in FY 12 Ø  Godrej brand valued at $2.86 billion ahead of Nivea, HTC, Nissan