News Digest: Top Newspaper HeadlinesOur Web Bureau / Mumbai February 17, 2006 Business StandardDr Reddy's to buy betapharm It will be the largest overseas buy by an Indian firm at Rs 2,688 crore.Reforms tempo stepped up Manufacturing, infrastructure, single farm market top agenda: Kalam..Luxury now Rs 65,000 cr business 1.6 million households spend Rs 4 lakh a year on premium brands.The Economic Times MoF may impose 4% CVD on imports after 5% customs cutCVD move to be WTO-compliant and level the playing field; Duty not likely to raise overall cost to consumer.Infosys may face suit for not paying overtim to H-IB staffA website information revealed that the company faces a possible class action suit in California from a law firm for allegedly not paying overtime to its employees who are working on H-IB visas.Mittal's Arcelor bid clears first hurdleBut deal hits fresh political roadblocks as French President opposes it.The Hindu Business LineGovt's 49% stake in Balco valued at Rs 843 croreSBI Capital Markets submitted the report to the government stating fair business value at Rs 1,719.43 crore..DoT favours ADC at 2.5% of operators' annual incomeMove may lead to cheaper domestic calls.Tea sector in high spirits on export demandIndustry looking to make inroads in some markets like West Asia, espically Egypt .The Financial ExpressMore spectrum for telcos: KalamReaffirming its economic reforms agenda, the UPA government on Thursday promised to take steps to attract private investment in infrastructure and institute a mechanism under which MTNL and BSNL would vacate the spectrum, a scarce resource for which private players pitch hard.Urad punters return on NCDEXThe price of urad has shot up by almost 10% just 5 days ahead of the expiry of February contract.Patel grounds Air KeralaThe new member from Kerala in the Manmohan Singh cabinet
