27 July 2011:: 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  Cairn Energy gets oil ministry letter on Vedanta deal Ø  RBI hikes repo rate by 50 bps, more than expected Ø  Maruti Suzuki Q1 net profit up 18 pc, beats forecasts Ø  India ready for impact of possible US debt default: RBI Ø  M Satyam mulls options against insurers on disputed claims Ø  India slips on global FDI chart from 8th to 14th slot		Ø  Maruti to invest Rs 3,000 cr in FY13 Ø  IFC to take 20% stake in Tata-sponsored NBFC Ø  Doordarshan to e-auction slots in DTH arm from tomorrow Ø  Strides Arcolab gets USFDA nod for cancer drug Ø  Glenmark gets Rs 66 cr for ramping HIV drug unit Ø  ICICI Venture Funds exits VA Tech Wabag
Business Line		Mint
Ø  Indian automakers eyeing China as export hub Ø  Reliance gets shale gas boost; pumps in $400 m in Q1 Ø  Rate hike will hit textiles sector, says CII Ø  Hinduja Global Solutions unveils new corporate logo Ø  L&T Finance Holdings raises Rs 153 cr from anchor investors Ø  United Phosphorus picks up 51% in Brazilian agrochem co		Ø  Soros returning clients’ money to end hedge fund career Ø  Cognizant to acquire CoreLogic India Ø  Shriram Transport may lower FY12 loan growth target Ø  SKS to raise $203 mn via share sale; posts Q1 loss Ø  GSK flags return to health as sales fall slows Ø  Nalco sees lower profitability on rising input costs
Financial Express		Financial Chronicle
Ø  Borrowers left gasping as RBI surprises Ø  Bhel profit leaps 22% to R816 crore Ø  JSW Steel net surges 64.3% to R485 cr Ø  UTV Soft clears delisting, to pay R1,000 at most Ø  Tata Sons revokes 6.93 cr shares of TCS Ø  Home, auto loans to cost more: Bankers		Ø  Cairn India shareholders to vote on royalty & cess Ø  Mahindra Aerospace, Eurocopter ink MoU Ø  NPAs may rise, but no systemic issue seen: RBI Ø  Car makers fear further drop in demand post RBI rate hike Ø  Global FDI inflows likely to be $1.6 trillion in 2011: UN Ø  Banks gradually demanding stronger credit scores: Cibil

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