1 July 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  Reserve Bank of India allows issue of shares under FDI scheme Ø  Shipping Cos expect 20% rise in operational costs Ø  Cairn-Vedanta deal gets govt nod; ONGC to have the last laugh Ø  IOB raises base rate to 10.25 per cent Ø  Alstom, HCC win Rs 1,843 crore hydro power contract Ø  Gitanjali Group launches a new brand identity and logo		Ø  RBI extends time limit for FCCB buyback Ø  RBI allows issuing equities against capital goods imports Ø  NTPC buys 5-mn tonne coal from SCCL at extra price Ø  Pfizer sues Aurobindo Pharma over Lipitor Ø  Jyothy Lab buys 3.29% more stake in Henkel Ø  GMR speeds up work on Rs 26,000-cr Kakinada SEZ
Business Line		Mint
Ø  Reusable insulin pen to lead Biocon's new launches Ø  Switzerland firm to deploy TCS banking IT suite Ø  Bausch & Lomb to sell drugs for eye diseases Ø  Patent infringement: Cipla to appeal against US court order Ø  Petronet in talks with US firms for LNG Ø  Dealer commission hiked; petrol, diesel to cost more from today Ø		Ø  World Bank says Wipro eligible to apply for vendor status Ø  NTPC to invest Rs 6,600cr in coal-based power project Ø  Advanta India raises $50 mn via FCCBs Ø  Gazprom counts on India, China to raise exports Ø  Dabhol pays advance tax for the first time Ø  Govt may include TV, radio distribution in unified telecom licence
Financial Express		DNA Money
Ø  Fortis to open 25 low-cost hospitals in small towns Ø  Yash Birla Gr acquires 51% in Mansycom Ø  DLF sells 400 plots worth Rs 700 cr Ø  Balance inquiry to be included in free ATM transactions Ø  FMC reduces settlement price period for farm goods to 3 days		Ø  MSRDC, RInfra in deadlock over taking charge of sea link Ø  Fuel inflation rises to 12.98 per cent in mid-June Ø  Infrastructure sectors growth slows down to 5.3 per cent in May Ø  Food inflation declines to 7.78% Ø  Coal India to begin shale gas hunt across the country

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