14 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  ONGC to set up urea manufacturing unit in Tripura Ø  Little room for monetary policy to respond to crisis: RBI Ø  RCom to invest Rs 1,500 cr on network, data services Ø  L&T Construction bags Rs 2,008 crore contracts in July-August Ø  'US not dependent on the Middle-East for its oil needs' Ø  Maruti defers Manesar plant reopening decision till Fri		Ø  Sun Pharma to pay $600 mn for balance stake in Taro Ø  Rupee falls to 55.41/dollar Ø  Oil hits $115, highest since May, on supply concern Ø  FIIs net buy Rs 340cr, DIIs net sell Rs 176cr Ø  Total market turnover on Aug 13 at Rs 1.29 lakh crore Ø  Govt sets target of $40.5 bn for textiles export in 2012-13
Business Line		Mint
Ø  CIL to finalise draft supply pact in next board meet Ø  Vaccines, skin products drive GSK net in Q2 Ø  Foreign players cannot invoke bilateral treaties: Attorney-General Ø  Sebi asks firms to detail audit issues in separate filings Ø  Hungama Digital to manage branding for Timex Ø  Cochin Shipyard to construct high-tech buoy tender vessel		Ø  ICICI Bank cautious on return to growth path Ø  R-Com aims to increase data services revenue Ø  India Cements Q1 profit drops on one-time expenses Ø  Sun Pharma signs merger pact with Taro Ø  Declining investments cause for concern: RBI Ø  Spread between US crude, Brent widens amid shutdown concerns
Financial Express		Financial Chronicle
Ø  Coal India Q1 profit rises 7.8% Ø  Ford India recalls over 1.28 lakh cars Ø  Tata Steel Q1 cons profit plunges 89% Ø  NMDC Q1 net profit up nearly 6% Ø  CCI cartel order: Cement cos get 90 days		Ø  Six global retailers apply for 51% control of India operations Ø  Petrol price hike: CCI will consider allegations as per law Ø  Rupee hit by oil dollar buying; inflation eyed Ø  E.ON says India stays attractive, but no entry soon

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