13 Aug: Morning News (click on link to read article) : IFCI Financial Services Limited

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  'Policy action needed to contain fiscal deficit' Ø  Inflation, corporate results to drive stock markets this week Ø  Tyre makers suffering from inverted duty structure: Survey Ø  SAP deploys financial info system for Indian Navy Ø  Steel min seeks help to fast track small projects		Ø  L&T to interest investors in infrastructure projects Ø  No change in import duty on manganese ore: SteelMin Ø  CIL board may approve changes in model FSA Ø  Top 8 cos add Rs 43,161 cr in m-cap Ø  Over 40 cos await Sebi nod for initial share sale,rights issue Ø  Sobha net debt up marginally by Rs 46cr in Q1 at Rs 1,181cr
Business Line		Mint
Ø  M&M plans to pip Tata Motors in Sri Lanka Ø  Rel Cap confident of better performance in 2012-13 Ø  Commodity exchanges’ turnover up 7% in April-July Ø  CII Business Confidence Index falls for Q2 Ø  Engineering exports down nearly 16% at $4.5 bn in June Ø  SBI hopes to maintain treasury gains in second quarter		Ø  Oil falls to $112, demand concern weighs Ø  UBS downgrades SBI to ‘sell’ from ‘buy’ Ø  R-Com sees 89% cash erosion in fiscal 2012 Ø  Kingfisher loss widens to `650.78 cr Ø  ONGC posts 48% rise in net profit Ø  Manesar may resume work in two weeks
Financial Express		Financial Chronicle
Ø  Fitch may further lower India rating Ø  FDI declines by over 65% in Apr-Jun Ø  FIIs invest Rs 4,800 cr in August Ø  Rel Life net profit doubles in Q1 Ø  Godrej Industries Q1 net profit up 38%		Ø  Sebi plans extensive reforms of IPO, MF rules Ø  SAIL approaches govt for more coal blocks Ø  GVK's request for using high speed diesel at AP plant rejected Ø  Tata Power eyes overseas transmission project Ø  HDFC Bank not to follow SBI in cutting rates on auto loans

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