12 June: Business News Tablet (click on link to read article) : IFCI Financial Services Limited

Business News Tablet (click on link to read article)

Economic Times		Business Standard
Ø  Pranab confident of turnaround in the coming months Ø  US exempts India, not China from Iran oil sanctions Ø  Raymond sees 400% growth in social media ad spends Ø  Iraq, Jindal SAW sign pipeline factory deal Ø  'Insurance to stop India shippers handling Iran oil' Ø  Raju family, IL&FS oppose Satyam-Tech M merger		Ø  India might be 1st Bric to lose investment rating: S&P Ø  Rupee hits 1-wk low on S&P rating warning Ø  DIIs net sell Rs 215cr, FIIs net buy Rs 130cr Ø  ITC becomes most influential stock on Sensex Ø  QFIs can't take P-note route: Sebi Ø  Ranbaxy's high on Lipitor to go on in US
Business Line		Mint
Ø  Indian companies borrow less via ECB route in April Ø  BPCL, Videocon spurt on Mozambique gas find news Ø  Jet Air in talks with Star, Skyteam for global tie-up Ø  Nava Bharat starts work on power plant, coal mine in Zambia Ø  Tyre stocks to enjoy smooth ride on weak rubber Ø  ‘Proprietary trades are significant liquidity providers in current markets'		Ø  Oil climbs over $100 on Spanish banks rescue, Iran Ø  Suzlon gets more time to repay foreign bonds Ø  Pipavav Shipyards in partnership with French DCNS Ø  Global airline industry profit outlook unchanged at $3 billion Ø  CPM, SP refuse to commit support to Congress Ø  Maruti wants to transport more by rail, pushes for auto hub
Financial Express		Financial Chronicle
Ø  Spain bailout cheers commodities Ø  RBI to infuse R12k cr into market to ease liquidity Ø  FIIs' stake in big FMCG stocks soars Ø  Vedanta Aluminium buys L&T unit stake Ø  'FY13 to be turnaround year for economy' Ø  RINL plans Rs 20,000 cr Saudi steel JV		Ø  FM to review banking sector performance Ø  Essar Steel commissions 19 mw heat recovery plant at Hazira Ø  ONGC extends pact with Hindujas for sourcing LNG Ø  Car sales grow slowest in 7 months during May at 2.78% Ø  SBI breaches RBI norms on RIL exposure for 4th year in 2011-12 Ø  Gold ETFs see outflow in May for the first time in ’12

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