Business News Tablet

[Rajesh Desai]

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  'Global economy depends on end to Euro crisis' Ø  China's economy rebounding: S&P's affirms sovereign rating Ø  Glenmark aims at Rs 5k cr revenue during FY13 Ø  StanC gets CCI approval for buying Barclays' assets Ø  Morgan Stanley sells 50 lakh shares of Tata Motors Ø  Bayer concludes Rs-1,250 crore Thane land sales to Kalpataru		Ø  Sensex jumps to 19-month high on Goldman upgrade Ø  MCX-SX joins UN's Sustainable Stock Exchanges initiative Ø  Retail investors can shop for Rs 10 lakh in REC bond issue Ø  Bharti Infratel IPO opens on Dec 11 Ø  Care Ratings gets Sebi exemption from IPO grading Ø  Sandoz to close its generic development centre in India
Business Line		Mint
Ø  Final verdict on DLF penalty on Friday Ø  Siemens to acquire Invensys Rail for €2.2 b Ø  ABG wins container handling contract at Kolkata port Ø  Gas imports: India wants US to consider free trade pact Ø  L&T Construction wins orders worth Rs 1,178 cr Ø  RBI to buy Rs 12,000-cr worth bonds to ease liquidity pressure		Ø  EU approves Spain bank restructuring Ø  SC clears chargesheet against telcos for excess spectrum during NDA regime Ø  With mining and export bans, India turns iron ore importer Ø  Tata Motors to halt production at 3 block at Jamshedpur plant Ø  PVR to buy majority stake in Cinemax for Rs.395 crore
Financial Express		Financial Chronicle
Ø  Big-time fraud hits public sector banks, govt pegs loss at mammoth Rs 6,457 cr in 2012 Ø  Elgi equipments to buy 100% stake in US-based Pattons Inc Ø  87 co under scanner for multi-level marketing schemes Ø  Rs 69,465 cr service tax collected in first 7 months of FY13 Ø  PSU disinvestment fetched govt Rs 932 cr, eyes Rs 30K cr		Ø  Govt bows to pressure, agrees to vote on retail reform Ø  France says it has buyer for Mittal’s plant Ø  Lok Sabha approves changes in money laundering bill Ø  NMDC's $1.2 billion share sale likely on Dec 13 Ø  SAT throws out Sahara plea against Sebi order Ø  ONGC's acquiring stake in Kashagan oilfield will raise debt

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CA. Rajesh Desai