24 Aug: 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  China investment in US rises despite tough talk Ø  RBI says real lending rates nearly halved in FY12 to 3.8% Ø  Coal India to import fuel for state-owned power firms Ø  DLF in talks to sell Amanresorts for $350 million Ø  US jobless claims rise, labor mkt healing very slowly Ø  Kodak to sell retail print, document imaging biz		Ø  Rupee hits 2-week highs, global risk in favour Ø  Gold touches new high at Rs 31,035 Ø  Silver climbs over 2% on global cues Ø  FIIs net buy Rs 312cr, DIIs net sell Rs 161cr Ø  Total market turnover on Aug 23 at Rs 1.87 lakh crore Ø  No proposal to hike prices of petroleum goods, fertilisers: govt
Business Line		Mint
Ø  RBI worried over rapidly rising housing, gold prices Ø  Jindal Steel hikes stake in Gujarat NRE’s Australian arm Ø  Mobile radiation norms to take effect only from Sept 2013 Ø  Gayatri Projects sets aside Rs 40 cr for foreign bond redemption Ø  Turnover of commodity exchanges up 20% in January-March, led by bullion: FMC Ø  CRR requirement has lost its validity: SBI chief		Ø  GVK gets Australia govt nod for mines, railroad Ø  Glenmark gets arbitrator nod to sell Crofelemer drug Ø  Vedanta to raise offer for Hind Zinc, Balco stake Ø  India to seek greater access to China’s market Ø  NHB, housing finance firms enter ECB fold Ø  Everonn’s Centum buyout may affect NSDC’s target
Financial Express		Financial Chronicle
Ø  R Power plans to raise Sasan plant capacity by 50% to 6KMW Ø  Now, Icra lowers GDP forecast to 5.7% Ø  Switch policy, cut subsidies: RBI to govt Ø  No curb on exec pay on 0.5% ESOP stake Ø  Now, Internet to rule at ICICI Bank Ø  'India Mauritius tax treaty being abused'		Ø  RBI wants all recast loans classified NPAs Ø  Govt clears Walt Disney's Rs 1,000-cr investment proposal Ø  Mamata opposes FDI in retail, other sectors Ø  Biz sentiment in US better than Europe: Infosys Ø  TCS overtakes RIL as country's most valued company Ø  RBI asks govt to cut subsidies, boost capital expenditure

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