11 Jan: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  Wall St climbs to 5-month high; materials, banks lead Ø  Oil prices will drive Indian equities: Bank Julius Baer Ø  Wockhardt receives USFDA approval for Fluticasone nasal spray Ø  Neyveli Lignite to expand its thermal power projects in TN Ø  ICRA expects 15% growth in wind energy capacity Ø  PSL bags Rs 280 cr order from Gujarat Water Infra		Ø  Just 40% of India Inc's forex loans are hedged Ø  Rupee at one-month high on share surge, inflows Ø  FIIs net buyers of Rs 324 cr in cash mkt today Ø  Cairn details long-awaited $3.5 bn cash return Ø  Sebi proposes strict norms for collective schemes Ø  M3M buys 28 acre land in Gurgaon from DLF for Rs 440 cr
Business Line		Mint
Ø  Govt notifies 100% FDI in single brand retail Ø  Orchid Chem gets board nod for merger of arm Ø  IRDA plans to take up complaints on its own Ø  Sterlite Grid project among 20 FDI proposals cleared Ø  TVS Motor to bring back Victor brand Ø  SEBI asks bankers to disclose due diligence records		Ø  Moody’s upgrade India’s rating to investment grade Ø  Fitch: no plans to downgrade France’s credit rating in 2012 Ø  QIB norms for public floats may get tighter Ø  Indian Oil drops plans to enter merchant power business Ø  Jubilant to invest $80 million in Myanmar oil and gas block Ø  DGCA to review IndiGo fleet expansion
Financial Express		Financial Chronicle
Ø  Sebi gives minority investors more space in buyback offers Ø  Biofuel production declines for first time in a decade Ø  'Abnormal' currency trade on bourse: Sebi Ø  IndusInd Bank Q3 net profit up 34% Ø  States give in-principle nod to GST Ø  Govt OK's 20 FDI proposals		Ø  Govt to bring ONGC, Bhel FPO next month Ø  Excise collections show industry buzzing again Ø  Price Waterhouse files suit against Ramalinga Raju Ø  Indirect tax collection up 16.1% to Rs 2.85 lakh crore Ø  Good news for economy; FDI up 56% in November Ø  EPFO may reduce interest on PF deposits to 8.6% for 2011-12

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