6 May 2011: IFCI research, Morning News (click on link to read article)

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Telecom companies donated huge amounts to Kanimozhi's NGO Ø  IGate net up 54% to $17.9 Million  Ø  US stocks plunge on commodity price drops Ø  Over 30,000 Indians to be recruited in Australia Ø  General Motors profit more than triples to $3.2 bn, sees 2011 improvement Ø  Striking it rich: Brand Godrej valued at $3 billion		Ø  TCG-Vornado fund to invest Rs 270 crore in Mumbai, NCR projects Ø  PVR to sell Phoenix Mills property to JM Financial Ø  Cipla net profit dips 22% Ø  Sahara files appeal against HC order in Jet case Ø  Higher core earnings push Canara Bank net up 79% Ø  Coal ministry to cancel 5 NTPC blocks
Business Line Ø  Civil Aviation Ministry, pilots to resume talks Ø  Factory overheads bring down Cipla net 22% in Q4 Ø  iGate Q1 net income surges 54% at $17.9 m Ø  Andhra Bank Q4 net up 30.18% Ø  Murugappa group to triple capex to Rs 1,500 cr in 2011-12		Mint Ø  IBM to sharpen focus on growth markets, analytics, cloud Ø  IL&FS Transportation sees Rs4,000 crore orders in FY12 Ø  Cipla’s margins hit by product mix and new unit costs Ø  MPSEZ’s Australian deal valuation appears expensive Ø  Lloyds takes $5.3bn hit for insurance mis-selling
Financial Express Ø  'Govt, Reliance gas fight is over money' Ø  Vedanta FY11 profit up 28 pct Ø  Bharti Airtel Q4 results: Net down 31% Ø  Unitech to invest Rs 2,000 cr this year Ø  FDI down by 11% in March to $1 bn Ø  ONGC FPO to open on July 5		DNA Ø  Jyothy Labs to buy majority stake in Henkel India Ø  Essar Steel to supply plates to Indian Navy warships Ø  Ranbaxy may pay $1 billion to settle with US FDA Ø  Zenotech founder seeks to buy Daiichi stake for Rs300 crore Ø  Bank credit growth shows first signs of a slowdown Ø  Petronas deal cuts Vedanta’s Cairn stake cost by Rs900 crore