20 Oct 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  Eurozone reels from riots, downgrades before summit Ø  GSM operators add 6.52 mn new subscribers in Sept Ø  RBI guidelines for new bank licences likely by Nov-end: FinMin Ø  Federal Bank opens 66 new branches Ø  IVRCL bags projects worth Rs 552.31 crore Ø  Mastek posts loss of Rs 27 cr in September qtr		Ø  SAIL not to issue fresh equity, govt to sell 5% stake Ø  Govt to interact more with global rating agencies Ø  Lupin gets USFDA nod to market anti-epilepsy drug Ø  Govt may soon buy back remaining fertiliser bonds Ø  Crompton Greaves Q2 net down 45% at Rs 116 cr Ø  JB Chemicals Q2 net at Rs 620 cr
Business Line		Mint
Ø  HDFC Bank Q2 net up 31% on strong interest, fee incomes Ø  India among fastest growing textile market for US Ø  Power sector reforms critical for lenders, says Crisil Ø  TCS bags 5-year Qatar bank deal Ø  NRIs can hold accounts in any currency now: RBI Ø  Gujarat NRE gets nod to upgrade Australian mine		Ø  Essar Group firm plans to develop port in Mozambique Ø  Govt approves building 4 expressways at a cost of Rs 16,680 cr Ø  Sebi issues show-cause notice to India Infoline Ø  Soaring LNG prices forcing refineries to turn back to oil Ø  Oil India, IOC eyeing Maurel et Prom’s Gabon assets: source Ø  Tata Tele to bring all services under one brand
Financial Express		Financial Chronicle
Ø  Icra slashes Lilliput rating as co defaults on payments to lenders Ø  EC raids Deutsche Bank, others in probe Ø  Growth will be worse than expected: FM Ø  Dish TV posts net loss of Rs 48.56 cr Ø  Hindustan Zinc Q2 net profit up Ø  JSPL Q2 net declines to Rs 891.80 cr		Ø  Malaysia lures Indian realty investors Ø  Moody’s cuts Spain by 2 notches Ø  Slowdown to hit economy, inflation to moderate soon: FM Ø  Infosys aims to expand revenue share from Europe Ø  CAG seeks power ministry response on RPower's surplus coal use Ø  Afghanistan seeks Indian investment in mining, manufacturing

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