Business News Tablet...............

[Rajesh Desai]

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Vodafone underpriced shares by Rs 1,300 cr: I-T dept Ø  GMR Infra gets Rs 415 cr in outstanding dues from AI Ø  Tata Motors lines up new premium hatchback to take on Maruti, Ford Ø  Abu Dhabi National Energy buys 5% stake in 100 MW-power project Ø  Rajesh Exports bags export order worth Rs 432 cr from UAE Ø  Thomas Cook acquires services company Ikya		Ø  NTPC sets share auction floor price at Rs 145/share Ø  Suzlon Energy may sell stake in 3 divisions to pay off debt Ø  ArcelorMittal posts $3.73 bn net loss in 2012 Ø  Bharti Airtel's long-term debt loses 'AAA' rating Ø  Nikkei hits 4-year high on BOJ governor's early exit Ø  GIC Re denies refusing cover to Indian refineries Ø  MCX-SX woos participants through incentive plans
Business Line		Mint
Ø  Adani Enterprises’ share sale offer fully subscribed Ø  India not to suspend trade liberalisation process with Pak Ø  PAN must for high value gold buys: RBI panel Ø  Oilmeal exports jump 40% on improved demand Ø  GTL net loss narrows to Rs 81 cr in third quarter Ø  Dhunseri Petro Egypt unit to go on stream by July		Ø  IRB Infrastructure: strong order book, good quarter Ø  Rupee falls off three-and-a-half month high Ø  RBS faces over $600 mn fine for rate rigging Ø  Suez Canal toll hike to hit India’s external trade Ø  Sebi free to seize properties of Sahara Group companies: SC Ø  Tech Mahindra Q3 net profit flat
Financial Express		Financial Chronicle
Ø  Liberty Global buys Virgin Media for $23.3 billion Ø  Goldman Sachs: Indian economy's long-term growth rate potential 7% Ø  Berger Paints Q3 net profit up 44% Ø  Apollo Tyres Q3 net profit soars 84% Ø  Ballarpur Industries Ltd Q2 net profit dips 18% at Rs 15 cr Ø  China to tax rich more, cap executive pays to cut wealth gap		Ø  Warburg Pincus to sell stake in WNS for $192m Ø  India's gold holding through ETFs reach 40,000 kg Ø  Dunlop gets final breather till Friday for stay petition Ø  NTPC signs loan pact worth $250m with SBI, Japanese bank Ø  SAIL falls; government seen selling stake at discount Ø  17 consultancy firms show interest in CIL restructuring

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CA. Rajesh Desai