16/5/11: Morning News (click on link to read article) IFCI research,

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  After poll results, petrol prices rise Rs 5 a litre Ø  HDFC raises lending rate by 50 bps, home loans to get dearer Ø  Pending merger, MTNL-BSNL asked to synergise operations: DoT Ø  IDBI Bank, Indian Army signs MoU for banking services Ø   Government to consider Haryana demand for Delhi-Chandigarh expressway for Rs 8000 crore Ø  Kirloskar Brothers to sell its arm for Rs 47.44cr		Ø  Sebi chairman against brokers on NSE board Ø  NBCC to split shares for 10% divestment Ø  MP to import 8 lakh tonne of coal to run power plants Ø  8 anti-cancer drugs to be categorised as essential Ø  PSU banks to recruit 45,000 personnel in FY12 Ø  Plan Panle for 30% domestic quota in government buying of electronic equipment
Business Line Ø   Oil firms slash jet fuel price by over 2.9 per cent Ø  Canara Bank targets biz to touch Rs 30,000 cr Ø  Suzlon sees revenues rising by 44% to Rs 26,000 cr in FY 12 Ø   Central Bank’s Mumbai zone eyes Rs 38,000 cr biz in FY 12 Ø  J&K Bank net up at Rs 138 cr; to pay 260% dividend Ø  Aurobindo Pharma pins hope on early US FDA inspection		Mint Ø  Central Bank eyes Rs10,000 cr biz from Mumbai zone in FY12 Ø  Kingfisher averts showdown with Mial, clears airport dues Ø  Home loan borrowers feel the heat from higher interest rates Ø  Sebi to strengthen market surveillance mechanism Ø   Arvind lines up realty JV in Gujarat Ø  Dr Reddy’s Q4 net doubles; tops forecast
Financial Express Ø   PSU banks to open 1,500 rural branches in 2011-12 Ø   Unichem Labs posts Q4 net profit at Rs 14.84 cr Ø   Oil cos hike petrol price by R5/litre Ø  Pharma majors take JV route to India Ø  Career Point Q4 PAT up 44.69% Ø  MMTC Q4 net declines 84.4%		DNA Money Ø  CESC brings in variable tariff as coal prices rise Ø  Dollar’s resurgence to weigh heavy on rupee Ø  Beiqi Foton Motor in talks to source engines from Cummins Ø  R-Infra monopoly may end soon Ø  Hotel Leelaventure board will meet to discuss fundraising Ø  Karuturi sees 700 million roses blooming in 2 years

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