May 2, 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  US motorists to face further rise in gasoline prices Ø  Government in the process of framing New steel policy  Ø  Yes Bank about to finalise loan distribution deal with HDFC Ø  SBI Life to invest Rs 9,600 cr in share market in FY12 Ø  Telecom, power, road claimed 33% of bank credit Ø  Dearer coal to impact returns of new power plants: ICRA		Ø  Japan's Kokuyo to buy majority stake in Camlin Ø  Domestic drug makers set to invoke compulsory licensing route by June Ø  Modi Rubber plans re-entry into tyre market Ø  Arvind Ltd eyes 100 exclusive stores this year Ø  STFC eyes Rs 60 cr revenue in FY12 from new initiatives Ø  China's Foton selects West Maharashtra for Rs 1,676 cr plant
Business Line Ø  K.V. Kamath is Infosys chairman; Shibulal, the new CEO and MD Ø  Air India cancels 90% of domestic flights Ø  Six of top 10 cos lose over Rs 32K cr in M-cap last week Ø  Strike: GM India production loss estimated at 2500 units Ø  Indian Bank to raise $500 million in next 4 months		Mint Ø  India Yamaha Motor sales up 38% in April Ø  SMX confirms CEO resigns, paper cites “strategy differences” Ø  EGoM to discuss proposed Food Bill on Monday Ø  Indian bankers may shun PSU share sales over low fees Ø  Policy, savings rates may go up by 50 bps
Financial Express Ø  Tata Motors sales up 13 per cent Ø  Emerging market funds attract $1.8 bn Ø  ICVL close to buying stake in MEC Coal Ø  Apollo to pay Rs 3.5 lakh fine to consumer Ø  TVS Motors reports 14% growth in sales Ø  Kajaria Ceramics FY11 net up 69%		DNA Ø  Rising IT spend, iPad, smartphone sales lifting Redington fortunes Ø  Q4 data show costs handled well by companies Ø  All eyes now on Infy choice of COO Ø  Denim king Arvind to reduce its Rs2,200 crore debt Ø  Amul increases milk prices by Rs2/litre Ø  Lakshmi Mittal close to buying Kazakhastan-based firm: Report