5 May 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  Oriental Bank raises base rate, BPLR by 50 bps each Ø  IndusInd Bank signs MoU with HDFC to sell home loans Ø  Birla Power Solutions to raise $100 million Ø  India blocks EU proposal on allowing duty-free entry to Pakistan textiles  Ø  Finmin clears seven projects worth Rs 7,554 cr under PPP Ø  India, Israel planning to create $50 mn agriculture fund		Ø  Air India plan projects operating profit this financial year Ø  MTM loss worries prompt banks to rejig bond portfolio Ø  StanChart records double-digit rise in January-March income Ø  HDFC Life expects to break even by year-end Ø  RBI raises m-wallet limit to Rs 50,000 Ø  IFC to fund $125 mn in equity, debt to 4 firms
Business Line Ø  Coal shortage may trip 42,000 MW of new projects Ø  I-T finds tax evasion in 2G scam; status report in SC tomorrow Ø  Akai launches smallest LED TV at Rs 11,000 Ø  ‘Early I-T refunds saved interest outgo of Rs 4,000 cr’ Ø   UCO Bank eyes 20% biz growth, aims to cut NPAs		Mint Ø  Hero Honda net falls on rising costs; firm to invest Rs 900 cr Ø  Pfizer’s slower sales growth in March quarter worries investors Ø  Pension provisions pinch PNB’s profit Ø  Yes Bank hikes base rate, BPLR by 0.5% Ø  Sabre Partners to invest Rs 50 cr in Super Religare in pre-IPO deal
Financial Express HDIL chief, DC in 5,000 cr land scam Ø  '51% US green card holders eye return' Ø  Diesel may go costlier by Rs 3/litre Ø  Unitech to invest Rs 2,000 cr this year Ø  Navin Flourine buys 51 pct in UK co Ø  Tata Tech sells 13 pct stake for Rs 141 cr		DNA Ø  Court asks Jet Airways to pay Sahara Rs478 crore Ø  Bharati JV starts land buys for Bengal shipyard Ø  Environment ministry orders altering boundaries of 28 coal blocks Ø  United Bank of India may hike lending rates next week Ø  Loans to get costlier from tomorrow; 5 banks to hike rates Ø  Mercedes-Benz April sales up 67% at 537 units