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

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Fortis Healthcare raises $510 mn through stake sale Ø  ACC, Ambuja Cements say rising costs could offset better demand Ø  Tata, SAIL differ on need for steel-making equipment facility Ø  Hindustan Zinc Limited reports 15% rise in Q2 net on higher lead and silver output Ø  ITC standalone Q2 PAT seen at Rs 1,745 crore Ø  India emerges as IInd largest global tobacco producer		Ø  BSNL, MTNL won't participate in spectrum auction Ø  DIIs net sellers of Rs 185 cr in cash mkt today Ø  Gold futures rise marginally on festive demand Ø  Cipla gets tentative US nod for HIV tablets Ø  Bridgestone to spend $3.5 bn to expand tyre capacity in 2013 Ø  Indian securitisation market adapting well to revised norms: CRISIL
Business Line		Mint
Ø  Disclosures made in IPO draft papers legally binding: SEBI Ø  Banks may need more capital than RBI’s estimates: Rangarajan Ø  Govt to set up panel on internal trade reforms by month-end Ø  Govt may hike import duty on white sugar to 20% next month Ø  CanFin Homes Q2 profits up 31.25%		Ø  Panel decides on retrospective charge on excess spectrum Ø  Indian Hotels makes $1.86 bn bid for Orient Express along with Italian fund Ø  Business finally begins from home for TCS Ø  Court’s approval needed to tap phones: Panel Ø  Mindtree: investors waiting for large deals
Financial Express		DNA
Ø  TCI demands R1,500 cr from CIL board for under-pricing coal Ø  'India current account deficit at record' Ø  Cut rates or risk India calamity: Bankers Ø  Telecom shares hit by 900 mega hertz woe Ø  Ramky acquires Entech Industries' arm Ø  Investment board will fast-track decisions, pump up coal & power		Ø  ED attaches Rs 822 crore worth assets of Satyam's Raju, others Ø  Sops gone, F&O volumes on BSE tanked in September Ø  Steady deals, Rupee help HCL Tech beat Street Ø  Sanofi sees a sweet spot in local insulin market

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