8 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  India proposes to bring microlenders under RBI Ø  PNGRB authorises GSPL gas grid projects Ø  Auto market may grow only 12-14% this year: Official Ø  Tata Motors to start operations of CV assembly plant in Africa Ø  MMTC to supply iron ore to Japan mills, Posco for 3 more years Ø  Future Group to open 25-30 Big Bazaar outlets by June 2012		Ø  GoM approves 26% profit-sharing for coal companies Ø  Go slow on loans to commercial real estate projects: RBI to banks Ø  Adani Power okays merger of Growmore with itself Ø  L&T Finance places Rs 330-cr shares with US PE fund Ø  Coal Min ready to offload equity in Neyveli Lignite Ø  IFC invests Rs 12 cr in Jain Irrigation's proposed NBFC
Business Line		Mint
Ø  Bajaj plans 5-millionunit ramp up by Oct Ø  Hind Lifecare, Petronet sign LNG agreement Ø  Complex oil industry regulations scare foreign investors away Ø  Ministry bar on cos that have not filed returns for 5 years Ø  Siemens ties up with Lynas to make rare earth magnets Ø  SBI to seek govt nod for rights issue this month		Ø  Goldman Sachs, Morgan Stanley stay bullish on oil, copper Ø  ICVL faces fresh hurdles in bid to acquire stake in MEC Ø  Tech Mahindra bags IT contract from Microsoft Ø  Bharti Airtel revamps operations Ø  UBS aims to raise assets in Asia ultra-rich business Ø  NSR Advisors to make first investment in Indian restaurant firm
Financial Express		DNA Money
Ø  ITC foray to hot up branded dairy mkt Ø  Temasek bets big on India’s NBFC market Ø  FM radio third phase to see e-auctions, 26% FDI Ø  SBI ups lending rates 25 bps; deposits 1% Ø  HDFC acquires 12% stake in MediAngels Ø  Sensex valuations now in line with long-term PE averages		Ø  SKS Microfinance hopes to get back Rs1,250 crore dues Ø  Food inflation at 7-week low of 7.61% Ø  Texmaco set to form multiple foreign JVs for rail products Ø  Firms raise funds through bonds despite high cost of borrowing

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