17/5/11: 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  Government to withdraw stamp duty relaxation Ø  SAIL FPO likely by June 14; to seek Sebi nod in May Ø  Indian paint cos see waning auto, housing demand hit growth Ø  Consumer goods companies fear demand dip due to rising fuel prices Ø   India Inc to face more pressure on profit margins Ø  Punjab records all-time high wheat procurement of 107.43 lakh metric tonnes		Ø  Reliance working on CBM pricing Ø  Holcim ups stake in Ambuja to over 50% Ø  Govt mulls waiving Rs 550-cr loans to ailing PSU Ø  L&T gets Rs 3,500-cr power plant order Ø  Unicef appoints Archies to sell its merchandise in India Ø  Sebi relaxes brokers' access to client accounts
Business Line Ø  RBI amends eligibility criteria for use of OTC forex derivatives Ø  WPI inflation marginally down at 8.66% in April Ø  3i Infotech to sell billing, payments unit for $137 m 99 Ø  Glenmark in $613-m outlicencing deal with Sanofi Ø  Decision on hike in MSP for paddy soon Ø  JSW Steel Q4 net up 30% at Rs 794 cr		Mint Ø  Inflationary pressures to stay, despite fall in April Ø  SAIL FPO likely by 14 June, to seek Sebi nod by month-end Ø  Govt allows tax exemption on 9.5% interest on PF for 2010-11 Ø  Toyota Kirloskar to resume normal output from 20 May Ø  India units of Gamesa, Caparo to announce tie-up Tuesday Ø  Edelweiss profit down as fee businesses suffer
Financial Express Ø   Ruia Group set to scout for buys in Southeast Asia Ø  NSE takes CCI to court on penalty notice Ø  Axis Bank to prune Enam’s retail broking branches Ø  SREI Infra Fin plans $1 billion fund Ø  Essar Steel clocks highest monthly steel production in March Ø  PM to review power, & coal projects; meet set for May 19 Ø  Air India plans to sell properties		DNA Money Ø  Mills in place, JSW starts securing raw material Ø  Hindustan Unilever turns to water conservation Ø  India to invest $46.96 billion on 101 naval ships Ø  HCL Technologies gets automation contract from US bank Ø  Inflation likely to ease further: Pranab Mukherjee Ø   Bartronics sets July date for spinning off ops in 4 units

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