4/5/11: 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  Uncertainty continues over licences to new private banks Ø  Sugar Export: Factories get 29 per kg Ø  Butter to turn dearer after milk prices soar Ø  Birla Power Solutions to raise $100 million Ø  Godrej expects a CAGR of 25-30% over the next five years Ø  Glenmark gets USFDA nod for Fluticasone propionate lotion		Ø  GAIL opposes Andhra firm's pipeline proposal Ø  AI mgmt will reinstate pilots if they call off strike: Govt Ø  Dabur buys Ajanta Pharma capsule brand, focus on OTC healthcare Ø  Birla Corp PAT at Rs 319.88 cr Ø  Coal India proposes Rs 3,500 cr investment in washeries Ø  State Bank of Patiala's gross profit up by 51.33%
Business Line Ø   Pfizer posts Rs 63.14 cr profit for four months ended March Ø  Vaswani Industries IPO over subscribed 3.87 times Ø  Sanghvi Forging IPO opens on May 04 Ø  SKF India Q1 PAT up 40% at Rs 61 cr Ø  Lending rates will go up by 50-100 basis points		Mint Ø  Sintex improves working capital management Ø  Bharti, RCom profits to fall; 2G probe eyed Ø  NHAI awards over Rs 5,500-cr road projects in April Ø  EXL to acquire Outsource Partners for $91 million cash deal Ø  Agile gets $5.7 mn funding from IDG Ventures India Investment
Financial Express Ø  India aims at $500 bn exports Ø  Essar Shipping March qtr net slides 78% Ø  Thermax posts Q4 net profit at Rs 126 cr Ø  Scam to hit Bharti, RComm Q4 profits Ø  Escorts posts 77% jump in Q2 net profit Ø  SKF India Q1 PAT up 40% at Rs 61 cr		DNA Ø  Adani Group buys port in Australia for Rs8,750 crore Ø  Microfinance loans get priority status Ø  RBI restricts banks investment in liquidity plans by mutual funds Ø  Cognizant likely to wrest third slot from Wipro this quarter Ø  IDBI Bank increases base rate, BPLR by 0.5% Ø  Indian Bank to sell 61.4 million shares through FPO by October