9 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  Sebi may reintroduce 2% entry load to revive MFs Ø  Bharti Walmart scraps plan to start online operations Ø  India confident of meeting $5.4 bn privatisation target Ø  DLF plans new projects in Ludhiana & other parts Ø  No pending proposal of SBI to raise funds via FPO: Govt Ø  Coal India invites EoI for consultants in South Africa		Ø  CIL to acquire coal mines in South Africa Ø  Bharti Airtel Q1 profit falls 37% at Rs 762 crore Ø  ONGC makes paltry $47 a barrel, rupee gives cushion Ø  FIIs net buy Rs 1,114cr, DIIs net sell Rs 795cr Ø  Total market turnover on Aug 8 at Rs 1.69 lakh crore Ø  Re dep contributing to inflationary pressure: Govt
Business Line		Mint
Ø  Africa biz may take more time to achieve targeted revenue: Airtel Ø  PFC may offer Rs 17,000 cr loan for six ailing discoms Ø  Tata Power net falls 61% at Rs 195.13 cr Ø  Sugar mills’ body maintains output forecast at 25 million t Ø  Strides arm gets USFDA nod for generic anti-cancer drug Ø  Kanoria Chem proposes buyback at Rs 42/share		Ø  I-T dept moves to recover dues from Kingfisher Ø  IndiaBulls bilking investors: Veritas Ø  ABB posts 33% surge in quarterly profit Ø  M&M beats Street with 20% rise in Q1 net Ø  Balrampur’s by-products make up for sugar losses Ø  ICICI Bank gains low-cost deposits but no fee income
Financial Express		Financial Chronicle
Ø  Now, Citi, CLSA cut India growth to 5.4% Ø  Oil Min puts on hold order for diverting RIL gas to Dabhol Ø  Equity market deal value at 8-yr low Ø  Indiabulls threatens to sue Veritas Ø  Pantaloon Retail Q4 net profit falls 78% Ø  Exports to Europe up 16%; imports 29%		Ø  Bharti Airtel considering IPO of tower unit Ø  Expect some pressure on Bharti Airtel's stock: IDFC Ø  Oil India Q1 net rises 9.5% to Rs 929 cr Ø  TCS releases 20 lakh pledged shares worth Rs 250 crore Ø  StanChart begins fightback on Iran allegations Ø  Emami to set up overseas plans to expend footprint

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