Aug 10: 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  Downgrade likely as industry output falls by 1.8% Ø  Indian Oil posts historic loss of Rs 22,451 crore Ø  'ONGC find near Mumbai High a geological surprise' Ø  Yamuna Expressway: Jaypee’s free ride to Lucknow Ø  No cut in lending rates till cost of deposits come down: PNB Ø  Punj Lloyd wins Rs 330 crore project in Karnataka		Ø  Tata Motors Q1 net up 12% at Rs 2,245 cr Ø  Total market turnover on Aug 9 at Rs 1.55 trillion Ø  Adani Enterprises profit soars 344% Ø  FMCG index hits record high, HUL, ITC rally Ø  RIL cuts KG-D6 gas field reserves by 70% Ø  Strides Arcolab considering sale of injectable drugs unit
Business Line		Mint
Ø  12th Plan growth rate may be lowered to 8-8.5% Ø  HPCL registers Rs 9,249 cr loss in Q1 Ø  US firm may pick up stake in Apollo Hospitals BPO arm Ø  Fitch downgrades H2 outlook for retail sector Ø  Kanoria Chemicals to set up $30-m denim fabric unit in Ethiopia Ø  Fresh retail demand sweetens sugar		Ø  Tata Power seeks new bids for Rs 1,500 cr bond sale Ø  Essar firm gets notice in US pollution suit Ø  Govt may allow foreign vessels to ply on local routes Ø  Stock options see a spike in trading volumes Ø  Global food reserves falling as crops wilt Ø  HP braces for huge loss after $8 bn EDS writedown
Financial Express		Financial Chronicle
Ø  Govt to tell House 6 more states back retail FDI move Ø  Tech Mahindra Q1 net profit up 22% Ø  Ranbaxy in surprise $106 mn Q2 loss Ø  SBI shares fall 4% ahead of Q1 results Ø  Airtel dips 6%, loses Rs 1L cr M-cap		Ø  CLB rules against Telenor JV asset sale plan Ø  LKP Merchant Fin sells 51 lakh Kingfisher shares for Rs 4.3 cr Ø  PSU oil companies seek immediate hike in petrol price Ø  Welspun India Q1 net profit soars over two-fold Ø  Omaxe Q1 net profit dips 9%

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