Morning News (click on link to read article) Nov 8th, 2010 -IFCI research

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Investors eye earnings; gold set for further gains Ø  Piaggio three-seater soon to take on Tata's Nano  Ø  MFIs agrees to reduce interest rates to 24 pc Ø  Corporation Bank raises base rate by 50 bps Ø  US firm to buy RFCL from ICICI Venture for $100 mn		Ø  AI seeks $2.3-billion ECBs to pare debt Ø  GVK Energy to seal Rs 1,200-cr deal with 3i Infra Fund Ø  AIG loses more than $2 billion Ø  Swiss tech firm ABB bags Rs318-cr orders Ø  Samsung to invest Rs350 cr more Ø  Orissa attracts investments worth Rs51963.54 crore
Business Line Ø  Coal India plans joint venture with SCI Ø  Mid-cap companies outshine biggies in Q2 performance Ø  Karur Vysya Bank hikes rates Ø  Rail Tariff Authority likely to cut cross subsidisation Ø  Vizag builders protest against steep hike in cement prices		Mint Ø  Titan Inds Q1 net up on robust retail growth Ø  Hyderabad to be Tata’s defence, aerospace hub Ø  Dell to focus on services expansion as demand recovers Ø  Unilever Q3 profits up 19% as sales rise Ø  NTPC to add 13,000 MW of power capacity by 2012
Financial Express Ø  CIL close to India's 3rd most valued firm Ø  PGCIL lines up Rs 22,650 cr for projects Ø  Indian ADRs add $9 bn in a week Ø  Jubilant FoodWorks Q2 net up two fold Ø  Forex reserves up $2.56 bn to $297.96 bn Ø  Yamaha posts profit of 7.3-bn yen in Q3		DNA Money Ø  PowerGrid follow-on offer band at Rs85-90 Ø  Domestic markets poised to cross Jan 2008 peaks Ø  China to spend $4.5 billion in next 5 years to locate minerals Ø  Reliance Power secures $5 billion funding from US Exim Bank Ø  Microsoft CEO sells 12% of his stake in company