Morning News (click on link to read article) IFCI research, 08/12/2010

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Morning News (click on link to read article)

Economic Times		DNA Money
Ø  Auto fuels set to cost Rs 2/L more as crude hits $90 Ø  Fund-strapped banks offer 9.2% on 1-yr paper Ø  Jet Airways, AI strike $5-b deal for 35 Airbus aircraft Ø  ONGC plans special dividend, bonus ahead of Dec 16 FPO Ø  Lodha repays Rs.800 cr to Deutsche Bank Ø  NTPC may buy 74% in Bengal project		Ø  Toyota racks up 7,086 bookings for Etios Ø  Ramsarup goes for CDR to restructure Rs1,800 cr debt Ø  Global stocks rally on US tax deal, euro up debt hopes Ø  Airlines put up fare details on websites Ø  Cabinet okays planned $62 billion petchem project Ø  AGL Resources to buy Nicor for $2.4 billion
Business Line Ø  Court stays build-ban order on Lavasa Ø  Direct tax collections surge 17.85% in April-Nov Ø  L&T Power's order book at Rs 30,000 crore Ø  Crisil revises upwards GDP forecast to 8.6% Ø  Jindal Steel starts trial production at Oman facility		Mint Ø  Wipro bags IT support services contract from Vodafone Essar Ø  Tata AIG General Ins posts Rs 11.5-cr profit Ø  Religare to buy Piramal’s 85% stake in Indireit for Rs 212 cr Ø  Daikin in talks to buy Goodman Global: Bloomberg Ø  EU pact won’t be tighter against drugs
Financial Express Ø  Tata caused India Rs 19,074 cr loss: MP Ø  KPMG sees food retail biz at $150 bn Ø  DLF takes Cyber City case to SC Ø  Glaxo buys Chinese drugmaker for $70 mn Ø  Jupiter India buys 2% stake in EIH Ø  SC bans sale of gutkha in pouches