11 Sept: Morning News (click on link to read article) ::IFCI research

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Cement companies drop cement prices by 5 per cent Ø  Reliance Industries Ltd may see larger drop in KG-D6 gas Ø  Eurozone's impact woes on Asian firms growing: Moody's Ø  HDFC warrant-holders net 122% return on conversion Ø  Goa suspends all mining activities temporarily Ø  US sees Asia as more important than Europe: Poll		Ø  Swedens H&M in talks with three firms for India foray Ø  Gold futures hit new record, cross Rs 33,000 on global cues Ø  Total market turnover on Sep 10 at Rs 94,340 crore Ø  FIIs net buy Rs 693cr, DIIs net sell Rs 318cr Ø  Future Value Retail to merge with Pantaloon Retail Ø  Mahindra, European co. discuss auto component stake
Business Line		Mint
Ø  Cement companies approach tribunal against competition panel order Ø  SBI may replace HDFC valuers for Kingfisher assets Ø  Karnataka Bank mulls rights issue Ø  Adanis’ coal-fired plant at Mundra to earn Rs 600 cr in carbon credits Ø  Govt looking at riders for foreign investment in pharma		Ø  Protecting the Indian markets against rogue algorithms Ø  RBI seeks to relax corp bond rules for primary dealers Ø  Construction companies face difficulties in debts servicing
Financial Express		Financial Chronicle
Ø  Reliance Cap declares 50% dividend Ø  MCX-SX cuts transaction fees up to 50% Ø  Sistema Shyam Q2 loss up at Rs 1,180 cr Ø  Gross direct tax collection up 6.51% Ø  ITC hikes stake in EIH, buys 57L shares Ø  Jaiprakash Hydro Power shares upgraded		Ø  Infosys acquires Lodestone in its biggest buyout; silences critics Ø  Car sales fall 19% in August, first in 10 months Ø  RBI comfortable with liquidity situation: Gokarn Ø  Max India sells unit to Germany's Treofan for $97m Ø  Poor returns cast cloud over Bric equity funds Ø  External debt rises $40b in 2011-12

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