16 Oct: Morning News (click on link to read article) ::IFCI research

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  RIL Q2 profit at Rs 5,376 crore, drops 5.7% Y-o-Y Ø  Axis Bank Q2 net profit at Rs 1,124 cr Ø  Government cancels Adani’s 1840 hectare SEZ Ø  JSW Steel Sep production up 54% to 7.33 lakh tonnes Ø  Kalam suggests creation of National Energy Commission Ø  KEC International bags Rs 868 crore contracts		Ø  DIIs net sell Rs 86cr, FIIs net buy Rs 20cr Ø  GoM may finalise land acquisition bill Ø  Total market turnover on Oct 15 at Rs 1.37 lakh crore Ø  STT exporting trades from equities to commodities Ø  Sebi notifies IPO reforms, brings funds usage under scrutiny Ø  Mahindra Satyam inks pact with UPES
Business Line		Mint
Ø  Axis Bank Q2 net rises 22% on higher interest, fee income Ø  ICICI Bank ties up with African bank Ø  Citigroup Q2 profit nosedives 88% to $ 468 mn Ø  Mcdowell Holdings releases 70 lakh shares of Mangalore Chem Ø  Fund houses revise exit loads on equity schemes Ø  Cotton rules flat on muted offtake by mills		Ø  Valuation hurdle in OIL bid for stake in Gabon blocks Ø  ‘India needs to decrease reliance on imported sources of energy’ Ø  BP considers LNG imports to India through JV Ø  Softbank to buy up to 70% of Sprint for $21.1 bn Ø  Maruti’s Manesar plant violence due to internal issues: SIT Ø  Securities lending catches institutional investor interest
Financial Express		Financial Chronicle
Ø  No possibility of Greece' EU exit Ø  Indirect tax collections up 15.6% Ø  Tata Motors global sales dip 4% in Sept Ø  Growth recovery in six months: Montek Ø  'Steel firms may face margin pressure'		Ø  SC refuses to stay FDI policy in retail Ø  FIIs hike stake in majority of Sensex firms in Sept quarter Ø  It’s time rating agencies took India off negative list: Montek Ø  Yellow metal prices drop to one-week low; importers buy Ø  India should target $100b exports to China: Fieo

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