Morning News (click on link to read article)- IFCI research, Nov 12, 2010

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  IIFCL to guarantee infrastructure loans Ø  TCL re-enters India by selling 24-inch HDTV for Rs 14.5K Ø  India IOC Panipat plant to hit 300,000 bpd in 10 days Ø  Vedanta working to list Sterlite and Zambian copper unit Ø  Ikya’s Issac buys HR co Magna for Rs100 crore Ø  Zurich air caterer to buy 74% in Skygourmet Ø  FM cautions banks on falling asset quality		Ø  DLF eyes Rs2,000 crore through land sale, refunds Ø  Azure power to invest Rs 750 crore in Gujarat Ø  Kamaz Vectra plans to invest $60 mn in 5 yrs Ø  Total losses from 2G auction were Rs 1,76,379 crore: CAG Ø  Govt may raise stake in Union Bank to 60% Ø  NTPC to add 6,550 Mw Ø  Bharati Shipyard Q2 turnover at Rs 343 cr, up 8.55%
Business Line Ø  At close of QIB window, PowerGrid FPO subscribed 9.72 times Ø  SAIL ties up with Swiss firm to develop high strength steel Ø  Agni Property gets $12-m venture funds Ø  Liquor sales up 18% in Karnataka Ø  Union Bank to raise $200 m in overseas market through medium-term notes		Mint Ø  Markets close down 1.3% on profit-taking Ø  Cisco revenue outlook stokes competition fears Ø  G-20 nears an agreement, but tensions still fester Ø  SingTel Q2 net profit down 6.7% as Bharti weighs Ø  Ranbaxy Q3 profit jumps, beats forecast
Financial Express Ø  IOC beats RIL to be India's No 1 refiner Ø  FMCG sector to grow at 13%: CII Ø  Eros Intl Q2 net up 12.9% at Rs 45.33 cr Ø  Apollo Tyres Q2 net profit down 58.79% Ø  SEBI slaps Rs 3L fine on Religare Sec Ø  Nikkei hits 4.5 month closing high		DNA Money Ø  Builders face cancellations as 10:90 loans dry up Ø  Vedanta eyes Konkola IPO as profit falls Ø  India IOC Panipat plant to hit 300,000 bpd in 10 days Ø  Realty major Parsvnath bags 38 acre railway land in Delhi for Rs 1,651 Ø  Union Bank plans to raise up to $200 million in 1 month