18 Sept: 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  RBI cuts CRR: Home and auto loan rates expected to come down Ø  Reforms credit positive, execution risk remains: Fitch Ø  Essel Group forays into UAE with 'Chandra' Ø  'India unlikely to see sovereign downgrade now' Ø  Reliance Power's Sasan plant connected to national grid Ø  Panel for penalising Tata Power, Hindalco for delay in developing coal block in Jharkhand		Ø  FM says no rolling back of reforms, more coming soon Ø  NSE cuts connectivity cost for brokers Ø  Excise cut leads to Rs 1/litre profit for OMCs Ø  MetLife to pay Rs 190 cr for stake buyback IDBI Bank to raise $500 mn through MTN issue this week Cable TV digitisation at 68%: I&B ministry
Business Line		Mint
Ø  Coal India to take up price-pooling issue today Ø  Reliance Infra enters commercial cement market Ø  Coal blocks of SKS Ispat, Bhushan Steel get de-allocated Ø  RIL seeks three-fold rise in KG-D6 gas price from April 2014 Ø  Govt deallocates JSW Steel-Himachal EMTA coal block Ø  Telenor free to bid for spectrum without Uninor		Ø  Coal ministry cancels JSW Steel’s block Ø  Exit load charges, fungibility in MFs will happen: Sebi Ø  Shriram Properties raises  Rs.100 cr from ASK Ø  Consumer goods firms may need to hold back price hikes
Financial Express		Financial Chronicle
Ø  Tech Mahindra buys 51% Comviva stake Ø  Oil price hike an achievement: RBI Ø  Hindalco, Tata Power face IMG wrath Ø  RBI cuts CRR, won't slash interest rates Ø  China and US in tit-for-tat WTO complaints exchange		Ø  SBI to decide on lending rates in a day or two Ø  Vodafone considers $2.2b tax provision on Indian law Ø  BSE to suspend trading in 21 securities Ø  RIL share value surpasses maximum buyback price Ø  FM confident of meeting Rs 30,000 cr disinvestment target

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