Business news Tablet.

[Rajesh Desai]

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  HP woes deepen with bad deal writedown Ø  Indian funds barred from selling products in Canada Ø  Moody's strips France of AAA-rating with one-notch cut Ø  Government to approve NMDC's 50 pc stake buy Ø  TDSAT reserves order on Tata Tele-Vodafone dispute Ø  Mamata ready to talk to CPI-M to bring no-confidence motion		Ø  OilMin withdraws note opposing KG-D6 gas price hike Ø  FIIs net buyers of Rs 143 cr in cash mkt today Ø  Reliance Capital launches portfolio SIP Ø  'High gold prices drive up imitation jewellery demand by 85%' Ø  Rupee ends down 4 paise at 55.10 Ø  No move to give SLR status to corporate bonds: RBI
Business Line		Mint
Ø  Sebi discontinues mini derivatives contracts on bourses Ø  IKEA may have to overcome infrastructure bottlenecks Ø  $37 mn World Bank fund for water development project Ø  Visa Steel to sell 49% stake in arm to SunCoke Energy for Rs 368 cr Ø  SEBI fined seven companies in 2012-13 on investors’ complaints Ø  Tax Dept to chalk out plan to recover dues from Kingfisher		Ø  Imported coal-based UMPPs may not benefit from price pooling Ø  A robotic threat to outsourcing Ø  Banks feel the heat of bad study loans Ø  Govt considers raising FII limit in govt, corporate debt Ø  Telecom stocks welcome auction flop
Financial Express		Financial Chronicle
Ø  Ratan Tata exits Tata Global Beverages Ø  IL&FS Trust's Deccan Cements stake up Ø  United Spirits Rs 5,441 cr open offer '13 Ø  Gems and jewellery exports down 20% Ø  Cyrus Mistry to head Indian Hotels Ø  Biocon protests dual pricing method of NPPA for insulin		Ø  REC, IIFCL, PFC set to raise Rs 20,000 crore Ø  Japan to give fresh infra loan of $2.26b to India Ø  Subsidies to be routed through EBT: FM Ø  RBI gives infra lending status to key sub-sectors Ø  Su-Kam ties up with Israel’s Gamatronic Ø  L&T wins new orders worth Rs 2,503 cr

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CA. Rajesh Desai