6 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  SBI expects 1% reduction in CRR on September 17 Ø  Exide Industries wins 15 year trademark spat Ø  Gujarat government announces textile policy; targets Rs 20,000 crore investment, 25 lakh jobs Ø  Jain Irrigation's fund raising to help, but not in near future Ø  RBI has no data of Wal-Mart's Rs 455 cr in Bharti		Ø  Rupee at 6-wk low of 55.91, down 25 paise Ø  Total market turnover on Sep 5 at Rs 1.25 lakh crore Ø  FIIs net sellers of Rs 189 cr in cash mkt today Ø  Gold hits peak at Rs 31,525 per 10 gm Ø  MTNL to de-list from Delhi, Cal & Madras stock exchanges Ø  2 foreign funds reduce stake in Crompton Greaves
Business Line		Mint
Ø  MCX-SX to start equity trading from Diwali Ø  Axis Bank declines on Morgan Stanley downgrade Ø  BHEL to set up 100-MW hydro power station in Tajikistan Ø  Maruti expects to reach full capacity at Manesar by October Ø  Cyber security needs universal, rational solutions: Huawei Ø  Investments in MF schemes jumps up 60% in July		Ø  Finance, oil ministries push for fuel price increase Ø  GM turns to China to crack India’s tough car market Ø  India slips in global competitiveness ranking Ø  Shriram City Union bonds open on 12 Sep Ø  Red Fort Capital to invest Rs200 cr in Prestige’s projects
Financial Express		Financial Chronicle
Ø  Sebi relaxes KYC norms for FIIs, QFIs Ø  Jindal Steel completes CIC Energy buy Ø  Axis Bank offers home loans EMIs waiver Ø  SBI cuts fixed deposit rates by 0.5-1% Ø  Kingfisher lenders want new revival plan		Ø  Brics development bank to have $50b initial corpus Ø  HC asks Unitech to file written submission Ø  RINL sales up 2% to 2.28 lakh tonnes in August Ø  KFA gets one month before banks begin loan recovery Ø  Services PMI shows fastest growth in 6 months

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