17 Aug 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  Govt mulls restrictions on MNC buyouts of pharma cos Ø  Emami to complete Rs 1Kcr buy in 3 months: Agarwal Ø  Wall St opens down on German data; Fitch affirms US at AAA Ø  DoT has no say in merger of companies, Idea tells High Court Ø  SBI hopes to see net profit grow to Rs 2,500 crore in Q2 Ø  Fuel a great risk to Indian thermal power plants: Deloitte		Ø  LIC rejigs investment dept panel gets more powers Ø  US industrial output rises, calms recession fears Ø  Commerce Ministry against FDI cap in pharma sector Ø  OIL signs MoU with HPCL to jointly pursue biz opportunities Ø  Amara Raja Q1 net up 9% to Rs 4 cr Ø  RCom sees full impact of tariff hikes in 2 qtrs
Business Line		Mint
Ø  Cement companies under lens for suspected cartel move Ø  Fertiliser sales take a hit on supply shortfall, higher price Ø  Rural, semi-urban push helps M&M buck car sales slump Ø  IVRCL Q1 net slides to Rs 4.2 cr Ø  Orchid plant to restart operations as Pollution Board revokes order Ø  Tata Motors fixes Sept 13 as record date for stock split		Ø  Govt suspends New India Assurance chairman Ø  Poor fund utilization hampers development Ø  Revenues rise, but input and interest costs eat into profits Ø  Tata Motors, Maruti cut output; auto firms bank on new launches Ø  Reliance Broadcast in talks with PEs, strategic investors Ø  Unity Infra expects to get Rs960 crore projects in 1 month
Financial Express		Financial Chronicle
Ø  No bank licences for corporates: RBI Ø  July inflation at 9.22%, slowest in six months Ø  Bharti Airtel under scanner for violations Ø  CCI slaps Rs 630 cr penalty on DLF Ø  'Indian investors most optimistic in Asia' Ø  Datamatics acquires US IT firm Cignex Ø  NIIT Tech acquires Spanish firm		Ø  Good monsoon, RBI's policy to further ease inflation: Pranab Ø  Mahindra Satyam to develop IRDA's IT project Ø  IFCI, Sycamore Ventures launch $ 500m infrastructure fund Ø  Tata Motors global sales down 6% in July Ø  Singapore tightens employment criteria for foreigners including Indians Ø  UTV seeks CCI approval for merger with Walt Disney

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