25 Sept: 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  IRDA won't approve mutual fund-like pension plans Ø  SBI has surplus liquidity of Rs 70k-80k crore Ø  German biz mood worst since '09; raises recession fears Ø  SBI doesn't see much impact on loan book after coal scam Ø  Haldia Petrochem submits audit reports for 7 yrs to CAG Ø  Chinese gear maker files case against Vedanta		Ø  Rupee ends flat, off 4-month highs on oil demand Ø  Total market turnover on Sep 24 at Rs 2 lakh crore Ø  Transaction cost for existing prop traders on NSE to be zero Ø  Cairn Energy selling 8% stake in Cairn India Ø  NSE launches new membership with lower networth, deposit needs Ø  Kharif grain output set to fall 9.8% on poor initial rain
Business Line		Mint
Ø  Rangarajan dismisses S&P’s forecast; sticks to 6.7% growth Ø  Reliance MediaWorks-Galloping Horse acquire Digital Domain businesses Ø  Idea launches 3G smartphone Ø  Jain Irrigation gets shareholders’ nod to issue equity warrants to promoters Ø  Sebi imposes fine on CA firm owner in BoR matter Ø  Colgate announces first interim dividend		Ø  CBI to investigate all coal block allocations since 1993 Ø  Indian oil firms bid for Conoco Canada oil assets Ø  Burden from carbon tax will be minimal on India: EU Ø  Indian firms sell record amounts of debt in Asia-Pacific currencies Ø  Govt clears bailout for state electricity distribution firms Ø  Irda supports FDI limit hike to 49% in insurance
Financial Express		Financial Chronicle
Ø  Jindal Power may be hit hardest by new bid norms Ø  FDI in July up 60% to USD 1.76 bn Ø  S&P lowers India growth forecast to 5.5% Ø  'Global investments to rise in India' Ø  Global Markets: Euro on back foot Ø  No roaming charges from 2013: Sibal		Ø  Inflows of $2b per year seen on borrowing tax cut Ø  SBI hints at more lending rate cuts Ø  Honda to raise prices of Brio, Jazz, City cars Ø  ONGC-IOC-OIL bid $5 billion for ConocoPhillips' assets Ø  SBI to meet Kingfisher Airlines founders within days Ø  Airtel, Voda, Idea to face action over 3G roaming

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