27 April: Morning News (click on link to read article): IFCI Financial Services Limited

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  DoT to focus on 5MHz spectrum auction Ø  TDSAT asks DoT not to act against Airtel on penalty issue Ø  JSW Steel production up 16% at 7.43 MT in 2011-12 Ø  GAAR adding anxiety to investors confidence: ICRA Ø  ONGC wants Centre to offset additional cess on crude Ø  United Phosphorous to move tribunal against CCI fine		Ø  Cabinet clears higher voting rights for bank shareholders Ø  FII flows turn negative in April, first time this calendar Ø  Coal India refuses supply to new power plants Ø  'Oil will stay firm in the near term' Ø  IT waiver to pvt PF trusts may extend till Mar 2013 Ø  Fertiliser demand put at 21.37 mn tonne for kharif 2012
Business Line		Mint
Ø  FII stakes in Kingfisher Airlines up marginally Ø  ONGC board approves Rs 600-cr investment plan Ø  Mahindra Finance to venture into small biz lending Ø  Moody’s reaffirms positive rating for China Ø  L&T performs Bhoomi Puja for Hyderabad metro Ø  Aluminium operations, Hind  Zinc drag down Sterlite Ind		Ø  IMD forecasts normal monsoon Ø  Sebi against relaxing 2013 deadline on public holding Ø  Rabobank sells Yes Bank stake for $87 mn: source Ø  MRF profit up 67% on lower input costs Ø  Shell Q1 profit rises on higher oil Ø  Deepwater exploration is the future of ONGC
Financial Express		Financial Chronicle
Ø  Power min for more lending to PFC, REC Ø  Strides Arcolab Jan-Mar net profit zooms to Rs 642 cr Ø  Idea Cellular Q4 net down by 13% Ø  Moody's posts +ive China rating outlook Ø  Fed stands pat but says will act if required		Ø  Firms under ED, RBI probe face ECB ban Ø  RCom, RPower to exit Nifty. Ø  Bata India Q1 profit down 67% to Rs 35.99 cr Ø  India's financial system is strong: RBI Ø  Ajanta Pharma Q4 profit up 35% to Rs 23.59 cr

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IFIN: IFCI Financial Services Limited