Morning News (click on link to read article) IFCI research, 7 Dec 2010

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 Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Tata Steel rises on news of Rios Riversdale bid Ø  ONGC set to get 10% return on Cairn fields Ø  Religare close to buying Piramals realty fund Ø  ONGC will get to pick up 25% in Kazakh block after 6-year delay Ø  Hero Honda scrip falls on split deal talk with Japanese ally Ø  Tata Tele benefited from out-of-turn spectrum allocation: Chandrasekhar		Ø  BPCL to return to court on Kingfisher fuel bills Ø  McDonald's to infuse Rs 350 crore in state Ø  NHAI could lose Rs 350 cr due to toll rate cut Ø  Russia reports $3.8 tn in suspect transfers Ø  State's revenues up 20% during April-Nov period Ø  BoB to open 900 new branches
Business Line Ø  Bill to allow options trading in goods, commodity derivatives introduced Ø  Bajaj upbeat on low-cost car, unfazed by Nano numbers Ø  OVL Kazakh oil field deal expected by February Ø  Rajagiri group eyes healthcare, medical education in Kochi Ø  Rs 130-cr orders for Megha Engg Ø  FDI in multi-brand retail, insurance likely soon		Mint Ø  UID may be required for all securities transactions Ø  Escorts disappoints with September quarter performance Ø  Nikko to acquire DBS Asset for $105 mn, eyes pan-Asia presence Ø  Suzlon Energy Ltd to merge its subdiaries to itself Ø  Bharti, Idea attack CDMA players for inflating customer numbers Ø  Volvo buys Jaico’s 30% stake in JV, becomes fully owned
Financial Express Ø  Gold hits record Rs 21,077 per 10 gms Ø  Japan's JFE ups JSW Steel stake to 15% Ø  F1@Noida: Siemens bags Rs 127-cr order Ø  Ambani mulls Rs 1K cr PE venture Ø  France to invest $13 bn in India: Lagarde		DNA Money Ø  SBI raises deposit rates by 50-150 basis points Ø  Industry sees losses on toll cuts at Rs400 crore Ø  If Rio Tinto wins bid for Australia’s Riversdale, Tata Steel could scoop $600 million Ø  Supreme Court to look into possibility of Posco plant in Orissa Ø  Shipping Corp of India share sale raises $259 million