15 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  SBI says its net interest margin betters to 3.6% Ø  Rift widens, Siemens may not sell BIAL stake to GVK Ø  Vodafone, Airtel, Idea sign 3G roaming pact Ø  McNally Bharat FY-11 net profit up 28% at Rs 63 crore Ø  Fineotex incorporates wholly-owned subsidiary Ø  McDowell's No.1 is World's No. 10		Ø  Companies get relief from high short-term rates Ø  GTL likely to go for debt restructuring Ø  Maharashtra again fires stamp duty gun Ø  IIP, inflation data continue to fluctuate Ø  Greece gets world's lowest rating by Fitch Ø  Tariff hurdle may hit RPower Andhra project
Business Line		Mint
Ø  Hero pays Rs 811 cr tax on Honda stake buyout: CBDT Ø  Repro India in deal with Macmillan Ø  Singapore economy slows down in Q2 Ø  New law to give DoT powers to take back unused spectrum Ø  We may look at expansion outside Maharashtra: Bajaj Ø  PowerGrid plans stop gap facility for Tatas’ Mundra project		Ø  Fairfax enters India to invest in local firms Ø  Bajaj Auto June quarter profit up 21%; raw material costs bite Ø  EPFO drops ICICI Prudential, appoints four fund managers Ø  DCB’s turnaround on, but tougher times start Ø  Realtors forced to borrow at 36-40% amid fund shortage Ø  HCL, Eli Lilly open co-innovation lab
Financial Express		DNA Money
Ø  TCS net rises 27% to R2,415 crore in Q1 Ø  Moody’s puts US ratings on review for downgrade Ø  Trai says cancel 74 licences, DoT insists on only 12		Ø  Food inflation rises to 8.31 per cent for week ended July 2 Ø  POSCO moved out of Gadag Ø  Sensex ends flat on high inflation, Mumbai blasts

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