NEWS DIGEST: Top Newspaper Headlines

 The Economic Times 

Reliance Power plans IPO to raise around Rs 11,000 crore

REL Stock Climbs 7.9% In A Day; Kotak Mahindra, JM Financial May Be Lead Managers

 Cos make a mad scramble for licence to call

ONGC's investment cap may go

The Hindu Business Line

 NRI remittances rise 50% in Q1, non-oil imports up 47%

Current account deficit increases marginally to touch $4.697 billion

India pips US to become 2nd largest cotton producer

 Increase in yield, Bt varieties, better crop management practices

Mobile congestion level gets better

TRAI cites improved interconnection among operators  as reason

The Financial Express

3G trial spectrum denied

Inflation at new 5-year low of 3.23%

Merrill Lynch, Citibank pick up 10% stake in MCX for Rs 480 cr