News Digest: Top Newspaper HeadlinesOur Web Bureau / Mumbai February 15, 2006Business StandardCong tells FM to scrap perks taxRevenue loss can be offset by hike in MAT.BlackRock may replace Merrill in DSPMLDSPML Fund Managers, a 60:40 joint venture between Hemendra Kothari and Merrill Lynch, is expected to witness a change of promoters, with the latter nearing a deal to sell its asset management division to BlackRock, a US-based money manager.Hind Lever net rises 56%Hindustan Lever net profit rose to Rs 520.86 crore for the quarter ended December 31, 2005 compared with Rs 333.67 crore for the same period last year. Q4 Net includes Rs 82 crore extraordinary income from Doomdooma tea estate sale.The Economic Times Stay in Mauritius % spend in rupees soonIsland Nation ready to make rupee officially-accepted currency, seeks New Delhi nod.Govt may tweak MF rules to get long-term investorsFunds could be asked to charge initial issue costs upfront.IOB board clears BhOB buyout, cost pegged at Rs 171 croreIOB to pay BhoB shareholders Rs 155 per share; BhoB to consider the proposal on February 21 board meet.The Hindu Business LineExports post 21% growth in JanuaryIndia's exports recorded a 21.41% increase in dollar terms in January 2006 to touch $8.45 billion as against $6.96 billion recorded in the same month last year.Foreign holding in Sensex cos risingForeign holding in Sensex companies is still growing. Figures pertaining to the December quarter clearly indicate that the shareholding of foreigners, at 29.2%, has increased at the cost of promoters. The latter's holding has dropped to 49.7% from 51.5% in December 2004.Sun TV files for IPOSun hopes to raise Rs 700-800 crore through the issue.The Financial ExpressOn a higher growth pathTo contain deficit, efforts required to widen the tax base, improve tax administration on the revenue side and reduction of non-plan expenditures on the expenditure side.Tax sops on R&D spend may goAutomobile and pharma companies are set to lose the present fiscal incentive of weighted deduction of in-house R&D expenditure from their taxable income.Maruti set to overtake Suzuki Motor CorpSuzuki Motor Corporation chairman Osamu Suzuki is carting 2,500 of his best performing Japanese dealers to India. While this is an
