The Economic Times Crunch Time: Desperate banks drive up ratesMarch 31 blues, tight liquidity trigger mad rush for funds.Videocon closes in on Daewoo ElectronicsDeal value pegged at Rs 500 crore.I-T busts 'capital gains' scamBrokers use backdating to convert black money into white.The Hindu Business LineArab investors may turn to India stocks Talks on to float India-specific funds.ICICI Bank exits South Indian BankGoldman, India Capital buy stake.Fertiliser units may be forced to trim outputDelay in releasing subsidy; an alternative scheme sought.The Financial ExpressSecurity breather likely for telcos with 49% FDIMove to benefit Tata Tele, VSNL and Reliance Communication Ventures.General Motors to withdraw Opel brand Company to launch Aveo hatchback and Sports Optra later this year.Heidelberg buys 50% in Indorama plant Deal marks German cement maker's entry into India.Daily News & AnalysisLifetime tariffs will continue till mobile firm licence is valid Baijal's last order says all plans should be available for a minimum six months.Power will now flow through exclusive transmission lines Five firms to sign MoU with PowerGrid for forming joint ventures.Escorts drives tractors into Bangladesh Deal signed with Nitol-Niloy group for 1,000 vehicles initially.The Times of IndiaSebi may offer alternatives to foreign float An element of concern is the relatively less number of further public offers by listed issuers.Tatas to seek German beauty tips for Sumo To pay German-based design house IAV in excess of $26.60 million for the vehicle upgrade programme.Dr.Reddy's gain from Plavix deal Sanofi-Aventis and Bristol-Myers Squibb have settled a patent dispute with Dr.Reddy's.
