Today's Top Newspaper Headlines:-
The Economic Times
Money taps open, but fear's in the air
Cash reserve ratio was last cut in June 2003
Tata may drive into Gujarat for Nano
The state faces tough competition from Andhra Pradesh and Karnataka
An Indian connection to Wall Street clean-up
Indian-American Neel Kashkari to oversee $700 bn bailout package
The Hindu Business Line
Sensex sinks below 12,000
Global stocks pummelled
Curbs on P-Notes lifted
May widely perceived to bring in more funds to lift the sagging capital markets
RBI cuts reserve ratio
The 50 basis point cut will release Rs 20,000 cr into the system
The Financial Express
BNP Paribas acquires rest of Fortis
Deal valued around 14.5 billion euros
US Payrolls fall most in 5 years
The jobless rate remained unchanged at 6.1%
Special window for FDI in defence
Govt considering a special dispensation to allow 49% FDI in defence
MINT
Liquidity woes for realty
The sector is struggling for financing from banks in a fallout of RBI's directive to clamp lending to the industry
New norms for seafarers
India plans to address a shortage of maritime officers by overhauling the examination process
Tough times for banks
An Oliver Wyman-Morgan Stanley report says Indian banks could face significant capital shortfalls