NEWS DIGEST: Top Newspaper Headlines

The Economic Times 

Tata Tea keeps US plans alive, eyes AriZona

Company may go for a $2 bn buyout offer

Telcos may take multiple calls

Regulator likely to hang up on 10% ceiling on cross-holding 

Sensex scores triple ton on Fed pause, rupee fall 

Falling rupee boosts IT stocks 

The Hindu Business Line  Cos come under I-T scanner on payments to consultants

CBDT's move to enhance collection on tax at source

GAIL may join hands with Reliance for overseas petrochem projects

 Company seeks to expand its base in petropchemicals business

Allahabad HC stays UP move to privatise sugar mills

Next hearing on August 24

The Financial Express

Overseas M&A arms may be taxed

Concept of controlled foreign corporations to be written into laws to net tax on dividends and capital gains

Cola majors plan high-decibel offensive

PepsiCo is revamping its corporate campaign and packaging strategy to include 'One Quality Worldwide'

Approval to RIL Maha Mumbai SEZ extended 

Company advised to cut size of the Maha Mumbai SEZ to 5,000 hectares