Sept 7:: 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  US stocks: Dow, S&P hit best levels since 2007 Ø  Foreign cos may be allowed to bid for spectrum alone Ø  IOC's credit quality weakening due to under recoveries: Moody's Ø  Videocon may sell its 10 per cent stake in Mozambique basin Ø  'MTNL not to participate in 2G spectrum auction' Ø  Government approves $371.5 mn FDI proposals		Ø  FIIs net buy Rs 167cr, DIIs net sell Rs 34cr Ø  Rupee at 56 again: blame the economic fundamentals Ø  Gold climbs to record high of Rs 32,758 Ø  Mahindra Satyam to provide services to Oz airline Ø  Monsoon splashes into drought-hit states Ø  Oil rises on expectations of new ECB bond programme
Business Line		Mint
Ø  Global retailers bullish on Indian market: PwC Ø  80% of power projects running behind schedule: Assocham Ø  Tribunal reserves order on FTIL plea in NSE appeal case Ø  Tata Comm bags Finland company deal Ø  Monnet Ispat meets inter-ministerial panel on coal Ø  Vedanta to close Lanjigarh refinery from Dec 5		Ø  SC ruling on arbitration to cheer foreign investors Ø  Use CRR for credit control only if necessary: Rangarajan Ø  Risks to financial stability have worsened, says RBI Ø  Asset sale key to IVRCL’s financial health Ø  Mahindra says in talks with Russian vehicle distributors Ø  RIL tests waters on 2G spectrum auction
Financial Express		Financial Chronicle
Ø  Govt uses spies to trace defaulters: MCA Ø  Reliance becomes Dubai ME member Ø  Equity mutual funds underperformed: S&P Ø  Petrol costlier in India than US, Pak Ø  India-CIS trade may touch $30 bn Ø  Govt mulls business index for industry		Ø  IDBI Bank, OBC cut interest rate on home loans by 0.25% Ø  Govt okays 3% interest subsidy on farm loans Ø  RBI needs to reduce CRR as a tool to control credit: Rangarajan Ø  Hero MotoCorp signs deal with European company Ø  Manesar plant soon to make 850 vehicles per day: Suzuki Ø  Rs 808 cr FDI proposal of Mauritius-based Coverdell cleared

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