11 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  Debt crisis stalks Italy; EU calls emergency meeting Ø  YES Bank bets big on education infra space Ø  China's trade surplus falls 18.2% as exports slows down Ø  Stock markets may witness high volatility this week Ø  Rising cost, inflation fail to dampen industry mood: Survey Ø  BoB to open 10-12 overseas branches in FY12		Ø  Providence eyes exit from Idea Ø  ITC-Chitalias battle moves to India Ø  Ashok Leyland, Krishnapatnam Port in truck deal Ø  Strong quarterly revenue forecast for IT firms Ø  Indian cos to hire aggressively during FY12 Ø  Thomas Cook open to acquisitions, eyeing growth in small towns
Business Line		Mint
Ø  Manufacturing sector performance moderate: CII Ø  RBI slaps fine on 48 banks for violation of norms Ø  Indian Potash to diversify into sugar and ports Ø  Draft mining Bill: Coal India net profit to get eroded by Rs 2,200 cr Ø  FIIs invest Rs 6,460 cr in equities this month Ø  80,000 companies in North are ‘defaulters': Ministry		Ø  OneAlliance, Sun18 in talks on distribution Ø  Govt may ease rules for large overseas defence contractors Ø  MCA records say Kotak MF, LIC Nomura are chit funds Ø  Govt mulls outright sale for HMT Bearings, TCIL Ø  MFs seek entry into pension market, approach Sebi Ø  Posco ropes in two local firms for Rs 30,000 cr Karnataka plant
Financial Express		DNA Money
Ø  Tower firms struggle as no new tenants sign up Ø  RIL plans over Rs 1 lakh cr investment Ø  PTC India mulls two pvt equity funds Ø  NTPC raises $500 mn from overseas bonds Ø  Tatas to kick off project management in defence, aerospace Ø  Sterling Resorts to go for makeover		Ø  GMR Infrastructure plans IPOs for energy, airport business Ø  Volkswagen rolls out 1,00,000th car Ø  Videocon-Datacom deal under taxman’s lens

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