13 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  Wall Street: US stocks fall after Ireland downgrade erases gains Ø  HCL may buy out stake in DLF insurance company Ø  World stocks, euro slide on eurozone debt contagion Ø  Lavasa not ready to accept MoEF pre-conditions Ø  ITC rules out immediate price hike on food items Ø  Bharti, IBM ink 10-year agreement for IT solutions in Africa		Ø  HDFC Bank launches Infinia, takes on American Express Ø  NSE, BSE to become SME facilitators Ø  BoB, Kotak Mahindra Bank hike lending rate by 25 bps Ø  Crisil launches Gilt Index for govt securities Ø  Chennai has emerged as a hub for trade and investment: US Ø  Carbon credits for RPower coal plant stoke criticism
Business Line		Mint
Ø  Industrial growth dips to 5.6% in May Ø  Inflation must be brought down to 5%: Rangarajan Ø  Reliance Industries refutes CAG findings Ø  RBI may hike rates again on July 26, say economists Ø  HUL, Bharti Retail to promote plastic recycling Ø  IIP numbers not encouraging: Pranab		Ø  HDFC Bank plans to strengthen point of sale network Ø  Adani Group plans plastic processing park at Mundra Ø  Weak world economy likely to curb oil demand: Opec Ø  Peabody, ArcelorMittal $5 bn Macarthur bid on firm footing Ø  Havells aims to double switchgear revenue in 3 years Ø  Madras Cements in talks to sell unit for Rs 350 crore
Financial Express		DNA Money
Ø  PE players lay fund PIPEline to listed companies Ø  Vedanta completes 10% Cairn India buy Ø  Bharti may list tower unit, raise $1 bn Ø  Chennai is an investment hub: US		Ø  Sintex to add two prefab plants Ø  Reliance MediaWorks in pact with Digital Domain Ø  Infosys Q1 net up 15.4% at Rs1722 crore Ø  DLF, Unitech face delays as another slump looms

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