27 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  Tax certificate mandatory for foreign investors Ø  RBI allows NRIs to pick-up shares, debentures at face value Ø  6 more coal blocks to be cancelled; 7 others to lose guarantee Ø  3G spectrum: DoT make major changes to auction rules Ø  Cement sector continues to face headwinds: Icra Ø  SEBI moves Supreme Court against Sahara Group		Ø  US Govt's finance arm to invest $135 mn in Indian PE firms Ø  Oil falls below $109 as euro zone crisis deepens Ø  Rupee falls, focus on government borrowing Ø  Total market turnover on Sep 26 at Rs 2.17 lakh crore Ø  India aims to expand bilateral trade with Malaysia to $15 bn by 2013 Ø  Decision on drug pricing likely today
Business Line		Mint
Ø  Madras SE in talks with regional bourses for merger Ø  RBI to take up deposit-to-equity proposals by UCBs Ø  Core Education bags Rs 157-cr Himachal project Ø  L&T Construction gets orders worth Rs 1,241 cr Ø  Siemens signs pact with Power Grid to build test lab Ø  Cotton emerges kharif king in AP; paddy acreage slips		Ø  Haldia Petrochemicals on brink of loan default Ø  Bharti Walmart to open 10 wholesale stores a year Ø  UK faces balancing act with Libor reform proposals Ø  Coal imports may fall as industrial output stagnates Ø  The new guidelines on unit-linked pension plans Ø  Rs.115 per day minimum wage to be made mandatory in all states
Financial Express		Financial Chronicle
Ø  Service tax on rail freight from Oct Ø  WTO cuts outlook for global trade in 2012 and 2013 Ø  Sebi tweaks ETF margin calculating norms Ø  TNK-BP co-owners to bid for entire BP stake Ø  Spicejet spikes reports about stake sale Ø  Ircon declares Rs 64 cr dividend		Ø  India likely to miss 2012-13 deficit target Ø  India rating outlook remains stable: Moody's Ø  Kingfisher in talks with foreign airlines for FDI: Mallya Ø  MCX to launch silver, oil cake contracts tomorrow Ø  TDSAT sets aside Rs 50 cr penalty imposed on Bharti Airtel Ø  Morgan Stanley acquires 45L shares of SKS for over Rs 54 cr

(Click on link to view article)

Thanks and Regards

IFIN: IFCI Financial Services Limited

�� -->