30 Aug: Morning News (click on link to read article) IFCI research,

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Wipro bags $10 mn contract on Promax buyout Ø  Sebi amends rules to allow fresh promoter stake sale routes Ø  RBI allows NRIs to provide non-fund based guarantees Ø  Hospira to buy Orchid's API, R&D units in $200 mn Ø  Textile sector: Spinners make most of favourable pitch Ø  Maruti shifts focus to bigger cars for mkt share		Ø  Bain, KKR vie for 30% stake in Lanco's power projects Ø  Total market turnover on Aug 29 at Rs 2.38 lakh crore Ø  Rupee up 5 paise at 55.62 on late dollar selling Ø  Oil slips as Isaac spares production, world stocks slip Ø  McNally Bharat wins Rs 122 cr contract from SAIL Ø  Sebi clears TV18, Network 18 rights issues
Business Line		Mint
Ø  Operating costs for MNCs’ research centres fall 6% in FY12 Ø  IVRCL completes merger process Ø  Deposits must be returned, even if firm is sick: Court Ø  Govt looks to fund 60% of project cost to build electric vehicles Ø  Private sector role in universal healthcare inevitable: E&Y Ø  Dumping duty on nonyl phenol extended by a year		Ø  Govt approves `14,000 crore to promote hybrid, electric vehicles Ø  Coal mining scam clouds outlook for metal stocks Ø  Inflation still key threat, says Subbarao Ø  ‘BT selling $100 mn stake in Tech Mahindra’ Ø  Rural India consumption growth outpaces urban areas: Crisil Ø  Morgan Stanley warns about delay in subsidy reforms
Financial Express		Financial Chronicle
Ø  RBI offsetting fiscal slackness: Subbarao Ø  Dentsu buys 51% stake in Taproot India Ø  Economic growth seen at 5.2%: Moody's Ø  Petrol, diesel prices to spike in Punjab Ø  Mphasis net profit up 7.2% at Rs 208 cr		Ø  As investments languish, PEs up return demands Ø  Sebi favours shorter IPO bidding period, faster listing Ø  Bajaj Finserv to raise Rs 941 cr through rights issue Ø  Biotech SME units will require big investments Ø  JP Associates sells FCCBs; shares fall

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