5 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  China offer cheap yuan loans to power cos, pose threat to BHEL, L&T, Thermax Ø  Per capita income has grown 120% between FY'05 and FY'11:Government Ø  Bank of Japan announces further monetary easing measures Ø  Tata Steel to invest 7 million pounds in UK's Hartepool unit Ø  Maruti Suzuki to cut diesel engine exports to Hungary, focus on India Ø  Commerce Ministry to oppose iron ore export ban		Ø  IFC to invest $1 bn in India Ø  Govt to make stamp duty Bill topical to avoid arbitration Ø  Reliance sees 27% drop in KG-D6 output in June Ø  Banks can issue prepaid instruments only to listed cos: RBI Ø  Oil PSUs to lose Rs 1,22,000 cr Ø  Uflex Q1 net surges 59% at Rs 96 cr Ø  Scooters India to cut loss in FY12 Ø  Bombay Dyeing plans new life through retail focus
Business Line		Mint
Ø  Hindustan Motors, no longer a ‘potentially sick company' Ø  Wipro BPO chosen as partner by UK broadband firm Ø  BSE to include Coal India, Sun Pharma in Sensex from Aug 8 Ø  HDFC Bank opens branch in Leh Ø  Adani Power reports 54% increase in Q1 profit after tax Ø  Cummins board recommends 2:5 bonus		Ø  Govt approves Rs1,200 crore equity infusion in Air India Ø  Tax department turns its eyes on DTH operators Ø  Ex-Maverick Ravi Mehta’s Steadview eyes $100 mn after 92% return Ø  Micromax enters Maldives’ telecom market Ø  GVK, BHP likely to sell part of stake in blocks Ø  Eastern ports turn busier as India’s trading patterns shift
Financial Express		Financial Chronicle
Ø  Food inflation inches to 8.04% Ø  FDI in services sector up by 55% Ø  JSW defends ore purchases, denies ‘collateral benefits’ Ø  Import duty on coking coal could be removed Ø  SEBI starts web-based complaint system Ø  Educomp Solutions Q1 net up 9.51%		Ø  Govt moving in direction of de control of diesel price: FM Ø  HUL cuts ad spend in Q1, even as rivals up budgets Ø  Axis Bank to raise $240m from US investors, $100m from IFC as debt Ø  Financial Tech, NSE settle 2-year-old software dispute Ø  IIFCL puts cap on its project debt exposure Ø  Glenmark gets USFDA approval for hypertension tablets

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