May 9, 2011: Morning News (click on link to read article) IFCI research,

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Air India expects normal operations within a day or two Ø  Central Bank of India mulling entry in Asian, African markets Ø  Rubber prices to slip over 12% in May on higher supply Ø  ITC plans launching one or more mass products to grow personal care and food businesses Ø  Piramal Healthcare to float Piramal Finance with capital base of Rs 1,000 crore		Ø  Firms plan $1bn infusion in Panna-Mukta & Tapti fields Ø  Concast Group buys SPS steel plant for Rs.800 cr Ø  United India targets Rs 8,000 cr biz in FY12 Ø  BoJ plans capital boost to provision against losses Ø  Inflation hits household saving rates 45% Ø  Organic India forays into flower export segment
Business Line Ø  Chinese firms pip BHEL in gear supply to thermal plants Ø  Textile Ministry lowers cotton output estimates further to 30.5 m bales Ø  Dhanuka Agritech enters into marketing pact with Japanese co Ø  Banks may pull out over Rs 60,000 cr from liquid funds Ø  Savings rate de-regulation may push up costs for a/c holders		Mint Ø  RIL annual report gives few clues on KG-D6 output Ø  NBFC, lower provisioning push up Kotak Mahindra Bank’s profit Ø  Sterlite to commission Rs 675-cr coal berth at Vizag by 2012 Ø  Reliance Industries cuts down US lobbying to record low Ø  Indonesia bars Citi from opening new branches for 1 year
Financial Express Ø  UK rich list: Lakshmi Mittal on top Ø  Nadan Nilekani buys into Dhanlaxmi Bank Ø  NMDC to buy 50% stake in Oz mines Ø  General Motors India to hire 1,000 people Ø  Bhushan Steel Q4 net profit up 19.5% Ø  FDI down by 11% in March to $1 bn		DNA Ø  Elusive ‘Star’ turn costs Air India Rs2 crore per day Ø  After green nod, POSCO stares at red signal on land buy in Orissa Ø  RCVF invests Rs 15crore in PR Packagings Ltd Ø  Godrej Properties Q4 net up 3% at Rs59 crore Ø  Lakshmi Vilas Bank raises deposit rates Ø  Petrol price may touch Rs67/litre soon in Ahmedabd