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

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Oil exploration cos to be free from CAG audit Ø  Land Acquisition Bill cleared by Group of Ministers Ø  ADF to be abolished from January 2013, air travel to become cheaper from Delhi & Mumbai Ø  Tata Motors to overhaul range in India; eyes US for Nano Ø  Tax breather for Hindalco in transfer pricing spat Ø  NIIT Tech Q2 net declines 6% on rupee rise, sales grow 35% Ø  AB Group revives talks to buy Jaypee' cement plants		Ø  GMR ready to buy out DIAL partners Ø  DIIs net buy Rs 595cr, FIIs net sell Rs 204cr Ø  Total market turnover on Oct 16 at Rs 1.85 lakh crore Ø  Foreign fund houses sell Yes Bank shares worth Rs 429 cr Ø  Shree Cement Q2 net up five-fold at Rs 228 crore Ø  Gilt yields fall amid rate cut hopes
Business Line		Mint
Ø  Deccan Chronicle loan has turned bad: Axis Bank Ø  Manesar plant to reach full capacity in 2-3 days: Maruti Suzuki Ø  Government denotifies Adani SEZ; company to re-apply Ø  Unitech files application to withdraw petition from CLB Ø  Mahindra Lifespaces plans low-cost houses in Mumbai, Chennai		Ø  RBI, govt working on plan for buying illiquid securities Ø  Govt, RBI mull ways to introduce Islamic banking Ø  Asia-Pacific investors betting on India: BofA-ML survey Ø  India commits $50 mn for biodiversity conservation Ø  Investors in TAPI project demand stake in hydrocarbon fields
Financial Express		Financial Chronicle
Ø  Around 65% of India Inc’s forex exposure unhedged: RBI Ø  'Govt yet to sign Oilfield revised plan' Ø  K'taka bank denies reports of ICICI bid Ø  Maruti launches new Alto 800 Ø  FCI seeks more funds for rice procurement Ø  Oil eases towards $115, ample supply weighs		Ø  ONGC, GAIL keen on stake in BPCL's Rs 5k cr Kochi project Ø  General Motors increases stake in Indian arm to 93% Ø  RBI to intervene in FX market if there is extreme volatility Ø  Rising purchasing power drives India's economic growth: OECD Ø  Insurers’ stake in large-caps rises Ø  MindTree posts $107m revenue for Sept quarter

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