Today's Top Newspaper Headlines:-
The Economic Times
Global liquidity rush
Central Banks pump in $247 bn, Morgan seeks buyers
Next week to see RIL reap first of KG gains
KG production also marks the beginning of the oil trading market in the country
Tatas can buy AIG's stake in JVs
Tata group may exercise its option to buy out AIG's 25% stake each in the life and non-life insurance JVs if the US government sells AIG's business to other insurance companies
The Hindu Business Line
Indian editions of foreign news magazines allowed
Foreign direct investment capped at 26%
Domestic buying lifts Sensex 788 points intra-day
FM statement on public sector banks boosted sentiment
Karnataka offers 1,000 acres for Nano plant
Company officials say in case Tatas decide to shift it will be Karnataka
The Financial Express
FM vouches for health of banks, talks up market confidence
Also says that events abroad would not derail financial sector reforms
IT firms cut variable pay to the bone
IT companies have cut variable pay to their staff to as low as 5-10% of the committed amount
Inflation inches up to 12.14%
Inflation rises owing to higher food prices
MINT
Sensex stays afloat with domestic buyers
FIIs have sold equities worth Rs 5,500 cr so far this month, but then domestic buyers picked up Rs 5,800 cr shares
WL Ross pitches merger with SpiceJet to rival airlines
In talks with Jet Airways and Kingfisher
More woes for Ranbaxy?
Some European and other countries are planning to study the US ban on import of drugs from two Ranbaxy plants