Morning News (click on link to read article) IFCI research, 5 Jan 2011

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Morning News (click on link to read article)

Economic Times	Ø	Business Standard
Ø  Big retail cuts losses 21% on sales spike  Ø  Cash-strapped banks unleash FD rate war Ø  Pepsi gets its X Factor Ø  IREDA close to securing Rs 2,850-crore loan Ø  GDP will grow 8.4% in next 5 yrs,but constraints remain: Crisil Ø  After Vodafone, Govt mulls taxing Kraft-Cadbury deal		Ø  Maruti sales jump 17% in Dec, exports drop 29% Ø  Kingfisher gets 3 more months to repay BPCL jet fuel dues Ø  NMDC, MMTC lock horns over iron ore supply to Japanese firms Ø  State signs PPAs with NTPC, Neyveli Lignite for 1,008 Mw Ø  Liquidity eases, bank borrowing falls to Rs 68,150 cr Ø  Onion prices propel swap gap to two-year high
Business Line Ø  Private telcos may join PSUs in broadband rollout Ø  Asset base of MFs declines 5.3% in Q3 Ø  RPower targets 1,000 MW renewable capacity Ø  Microfinance cos may retrench staff to cut costs Ø  Greens urge Govt not to dilute curbs on sand mining		Mint Ø  IGate, Apax set to buy Patni in 3-stage deal for around $1 bn Ø  JSW Steel price increase partial, may resort to more Ø  OVL in talks with Russia’s Rosneft for new assets Ø  Wipro building India’s fastest supercomputer for space agency Ø  NELP-IX still offers no reason for global E&P players to enter India
Financial Express Ø  Citibank fraud: FIR names Vikram Pandit Ø  MF industry AUM drops 5% in Oct-Dec Ø  Stake sale buzz ups Suzlon stock 2.58% Ø  Saibaba investment: Rs 4,27,17,02,929 cr Ø  Holcim group firms’ sales up 2.7% Ø  Rlys may use UID to subsidise the poor		DNA Money Ø  Dishman eyes $20-25 million revenues from China API unit Ø  Honda puts bike market on notice with stiff targets Ø  eBay founder Omidyar finds India a hotbed of social innovation, will invest $200m Ø  Cement overcapacity set to double inside two years Ø  Suzlon soars on buzz of buyout by Gamesa Ø  Gold regains 21,000 mark; silver slips from record level