Business News Tablet

[Rajesh Desai]

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Stick to reforms, meet fiscal targets: Fitch to India Ø  Coal India inks fuel supply pacts with 3 power firms Ø  Nestle to buy 26 pc stake in Indocon Agro & Allied Activities Ø  Bombay Dyeing got nod for developing mill land illegally Ø  Foreign companies to buy stakes in small steel firms for value-addition Ø  Crompton Greaves inks pact with New Zealand firm to supply transformers		Ø  Steel policy on cards to iron out woes Ø  Rupee up 26 paise at 52.93/dollar Ø  Diageo picks up stake in UB's S. African beer business Ø  PNB acquires 30% in Metlife Ø  Axis Bank raises Rs 811 cr via preference issue Ø  BoB reports drop in net profit after 30 quarters Ø  Diageo to buy half of Mallya's South Africa beer biz
Business Line		Mint
Ø  ONGC Tripura’s first unit of 363 MW set to go on stream Ø  Industry wants 20% import duty on RBD palmolein, refined edible oils Ø  GAIL bets big on sourcing gas, eyes shipping biz Ø  Moscow Exchange sets IPO valuation target of $4.6 b Ø  Global M&A in healthcare IT grows $7 b in 2012 Ø  Commodity transaction tax will drive hedgers to illegal trade, says regulator		Ø  NTPC disinvestment: eGoM to meet on Tuesday Ø  Over 9.7 million pledged shares of SpiceJet released by Kal Airways Ø  Govt IT spending to rise 10.5% in 2013: Gartner Ø  RBI may let realtors, brokers apply for banking licences Ø  Jet to stick to cost cutting, pay off debt in next 2 years Ø  Agri-machinery products performance goes in vain for Escorts
Financial Express		Financial Chronicle
Ø  REC quarterly profit jumps 33% to Rs 1,026.65 cr, dividend at Rs 6.75 per share Ø  MF sport 'RGESS' tag to tap tax-saving season flows Ø  Oracle Corp to buy network gear maker Acme Packet for $2.1 bn Ø  JK Cement Q3 net profit up 25 pc to Rs 54-cr Ø  Jain Irrigation Q3 net loss at Rs 31.17 cr		Ø  Foreign investors put in Rs 1,800 cr for OIL stake sale Ø  Etihad due diligence on Jet Airways seen by next week Ø  RCF posts 37% rise in Q3 net at Rs 74 cr Ø  United Spirits Q3 net up 71% at Rs 81 cr Ø  Shell India to challenge order by tax authorities Ø  Adani Enterprises to sell 70 lakh shares on Feb 6 via auction Ø  Don't mis-sell insurance: Chidambaram tells insurers

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CA. Rajesh Desai