June 28: Morning News (click on link to read article) : IFCI Financial Services Limited

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  e-Payment must for public sector banks from July 1 Ø  Spain recession deepens in Q2, economic output shrinks Ø  Tata Power scouts for coal mines in Indonesia, South Africa Ø  Bosch to shut plants at Jaipur, Bangalore temporarily Ø  RBI asks primary dealers to stop short-term debt issues Ø  ECB to cut rates to record low next week: Poll		Ø  FIIs net buy Rs 86cr, DIIs net sell Rs 15cr Ø  Rupee falls on oil demand, no sight of RBI Ø  StanChart identifies Bharti, Idea as potential gainers Ø  Sugar stocks gain on hopes of lower non-levy quota Ø  DLF's plea seeking clarification posted for hearing on Jul 18 Ø  DIPP sees IKEA as 'test case' for single-brand retail FDI policy Ø  PEs turn early birds, eye firms with big capital appetite
Business Line		Mint
Ø  12-b Govt, corporate debt on offer to FIIs on July 4 Ø  FIPB rectifies ‘deferred’ status on M&M’s Telephonics proposal Ø  New Companies Bill in monsoon session: Moily Ø  Rallis expects Rs 500-cr revenue from Dahej plant Ø  Strides Arcolab redeems FCCB for $116 m; stock surges Ø  Panna-Mukta and Tapti fields output hit 500 m barrel mark		Ø  RBI asks Kotak to reduce promoter stake to 20% Ø  HSBC to sell stakes in Axis Bank, Yes Bank Ø  Govt to seek Bihar’s support on FDI in multi-brand retail Ø  Banks’ business growth little changed in June: RBI Ø  DBS Bank India net profit surges 164% Ø  Standard Chartered arm invests Rs 130 cr in Karaikal Port Ø  Fertilizer ministry approves new urea investment policy
Financial Express		Financial Chronicle
Ø  Oilcos may cut petrol price by Rs 4/litre Ø  Hindalco net profit up 38% at Rs 3,397 cr Ø  No 'economic tsunami' in India: Govt Ø  Tata Sons hikes stake in IHCL by 4.78% Ø  Deutsche Bank turns ‘overweight’ on India, cites attractive valuations		Ø  Morgan Stanley maintains underperform rating on SBI Ø  PM takes stock of economic situation Ø  India, GCC to ink free trade agreement within a year: CII Ø  Moily hits out at rating firms for lowering India's outlook Ø  JSW, Rolta, Strides to use debt, cash to clear FCCBs

                                                                                                                                       

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