Morning News (click on link to read article) IFCI research, Dec 9, 2010

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Novelis set to refinance Hindalco debt Ø  ADB to lend $300 mn more for road development in Bihar Ø  House panel seeks to push date for IFRS switch by 2 yrs Ø  Govt approves 3 road projects worth Rs 3,597 crore Ø  Gujarat setting up 8,000-crore solar power park Ø  Sugar export call not before month-end		Ø  Idco allots 9863 acres to 49 MoU signed companies Ø  Phoenix Hodu plans Rs 450-cr township Ø  DRDO mulls nanofoundry for Rs 500-600 crore Ø  Kotak's ARC to raise Rs 300 cr from abroad Ø  Health insurance grows 42% in H1 Ø  Exporters in south hit by snag in customs website
Business Line Ø  IOC follow-on offer may be re-examined Ø  Bafna Pharma to raise Rs 18 crore Ø  Exports shoot up 27% in November to $19 billion Ø  Havells doubles cable and wire manufacturing capacity Ø  BMW launches new 5 Series sedan		Mint Ø  NTPC earmarks Rs1.5 trillion investment Ø  Tata Motors to launch heavy duty buses Ø  IMG Reliance in deal for Indian football rights Ø  Car sales up nearly 21%, growth to slow Ø  NSN, ZTE win part of Aircel 3G order in India
Financial Express Ø  MCD proposes 5% hike in house tax Ø  Navy gets nod for LPDs’ acquisition Ø  India Inc's M&A deal valued at $5 bn Ø  Jupiter India buys 2% stake in EIH Ø  Glaxo buys China drugmaker for $70 mn Ø  Exports surge by 26.8 pct in November		DNA Money Ø  Sanghvi Movers to spend Rs200 crore on fleet expansion Ø  China central bank adviser says US fiscal health worse than Europe’s Ø  Fares dip as DGCA reins in airlines Ø  Trai broadband plan targets 75 million users by 2012 Ø  Apex court widens ambit of 2G scam probe to 2001 Ø  All-out war for Fame looms as Sebi clears open offers