Morning News (click on link to read article) IFCI research, Nov 29. 2010

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 Morning News (click on link to read article)

Economic Times		Business Standard
Ø  IIFCL likely to get NBFC tag, come under RBI scanner Ø  Usha Intl eyes 25% jump in sales to Rs 1,500 cr this fiscal Ø  Pvt power producers to invest Rs 91000 cr in 3 to 5 yrs: Stalin Ø  Steel prices likely to move up by $ 25-30 in 3-4 months Ø  Forex kitty falls to $298 bn on foreign currency assets decline Ø  Fiscal balance under threat as fertiliser min seeks 30k cr more		Ø  HDFC chalks out a major foray into education Ø  Bhushan-Sumitomo deal stuck on valuation Ø  NTT resumes talks for Patni promoter stake Ø  GVK, Lanco Infra highest bidders for Aussie coal mine Ø  Scam blues for LIC housing staff after CEO arrest Ø  L&T to tie up funds for Hyd metro by Feb end
Business Line Ø  Fancied IPO stocks plunge below offer price Ø  Govt to revive consumer co-op body, pump in Rs 650 cr Ø  CMRL mulls Rs 2,500-cr mineral complex Ø  Gold, base metals may rise on growing demand Ø  Central Board of Excise rejects Textile Ministry plan to restrict plastic bags use by sugar mills		Mint Ø  Nabard to begin commercial infra funding by March Ø  Indian ADRs shed $2 bn in a week, ICICI Bank loses most Ø  Cals Refineries to get Kuwaiti funding of $150 mn Ø  RIL ranked 20th in list of world’s largest chemical firms Ø  Assocham proposes to set up 14 industrial clusters in Bihar
Financial Express Ø  Toyota Etios set to hit Indian roads on Dec 1 Ø  LIC's new premium crosses 50,000 crore Ø  CIL to close 30-40 loss-making mines Ø  MOIL IPO subscribed 0.76 times on Day 1 Ø  Shipping Corp FPO fixed at Rs 135-140 Ø  Food inflation eases to 10.15 pct		DNA Money Ø  Dollar rallying to resistance level Ø  Credit spreads to spike 30-50 basis points Ø  GMR sells InterGen stake to China Huaneng for $1.23 billion Ø  BP to sell Pan American stake to Bridas for $7 billion Ø  Group of ministers to consider Rs1200 crore infusion into Air India Ø  Aurobindo working on second deal with Pfizer