Market back from the brink, soars 341 points
Increased buying turns it around.
Centre to go ahead with OBC quota from June '07
Government agrees to implement 27% quota.
Call Delhi at local rates
MTNL slashes landline rates to 40 paise/min.
The Hindu Business Line
Bharat Forge Q4 net up 9.6%
To pay 150% dividend.
Government studying fresh reforms package
May see great foreign direct investment flow in retail, insurance sectors.
The Financial Express
Financial sector reforms must for 8% growth
Banks need Rs 42,000 crore more capital and insurance sector Rs 12,000 crore by 2010.
Federal Bank, IDBI, Fortis in insurance JV
IDBI to hold 49% stake, Fortis 26% and Federal Bank 25%, respectively.
Standard & Poor's still upbeat on select Indian ADRs
India leads South Korea & Taiwan in ADR trading volumes.
Daily News & Analysis - Money
MFs make record investments in stocks
May has been a buy-buy month with purchases exceeding Rs 4,832 crore.
Hindalco to set up Rs 7,700 crore smelter
World-class smelter to come up in Sindhi, bordering UP.
Low-fare Air-Deccan offers lower-fare IPO
Bottom end of price band cut to Rs 146 from Rs 150, closing date extended.