12 October 2012

12 Oct: 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  Infosys profit to rise 25% as clients look to squeeze costs
Ø  No serious threat of rating downgrade on India: P Chidambaram
Ø  OilMin rejects change in RIL's KG-D6 gas price
Ø  BPCL invests more than $3 bn to expand refineries
Ø  Lenders consider Suzlon Energy's debt recast after it's FCCB rollover failure
Ø  Indian cos raise $23.6 bn from overseas mkts in Aug

Ø  Rupee falls for 5th day, down 6 paise to 53.11/dollar
Ø  FIIs net buy Rs 1,043cr, DIIs net sell Rs 573cr
Ø  Total market turnover on Oct 11 at Rs 1.7 lakh crore
Ø  Bharti awaits Sebi nod for tower arm IPO
Ø  Exports slump 11% to $23.7 bn in Sept
Ø  FDI in insurance may attract $400-800 million foreign investments
Business Line

Mint
Ø  UK insurance firms looking to invest in India
Ø  JSW Steel may move court on coal block de-allocation
Ø  Coal India may lose out supplying 90% of output to power sector
Ø  M&M, Creative Mark to supply renewable energy to tower cos
Ø  Road shows for NMDC divestment to start next month
Ø  FDI in retail can boost tax revenues 5-fold, says Technopak study

Ø  RBI constitutes high-level committee on financial inclusion
Ø  Srei Equipment to become public limited firm
Ø  World has six billion mobile phone subscribers: UN
Ø  Exports drop for fifth month on weak global demand; imports up
Ø  Strong refining margin may boost RIL’s Sep quarter profit
Ø  Sebi issues rejection rules for offer documents
Ø  No threat of ratings downgrade: Chidambaram
Financial Express

Financial Chronicle
Ø  Red signal on green nods still holds up coal projects
Ø  Oil India declares Rs 5/share dividend
Ø  ICICI bank home loans cheaper by 1%
Ø  SBI, L&T MFs to discontinue 19 schemes
Ø  Iconic Coke bottle becomes history in US
Ø  'Liquidity may fuel commodity prices'

Ø  Amrutanjan to split its stock 1:5
Ø  Telenor, Unitech end row, dissolve their telecom JV
Ø  Sebi questions United Spirits on Diageo talks
Ø  I-T raids on GMR over suspected tax evasion
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