Today's Top Newspaper Headlines:-
The Economic Times
Modi does it in Nanoseconds
For Ratan Tata, the bad dream was finally over
Fed bails out US Inc now, but the mood's still blue
RBI, Sebi efforts fail to boost shares, bonds
Tata Sons sells 1% in TCS
Tata Sons sold 1% in TCS last week for Rs 701 crore
The Hindu Business Line
Sensex yo-yos, but ends flat
FIIs stay net sellers; mood cautious despite liquidity-boosting steps
Rupee breaches 48 mark
The liquidity-boosting move had hardly any impact on forex markets
United Spirits plans to offer shares to grape growers
Plans to enter into such contracts for over 2,000 acres
The Financial Express
ECB cap on exploration, mining raised to $500 mn
Reliance, Cairn India and ONGC are the major beneficiaries
Govt revenue from telcos set to decline
Dismal performance of BSNL and MTNL may eat into revenue share
Airtel rolls out DTH in 62 cities
Eyes to set up its presence in 252 cities, using the 9-lakh potential retail points
MINT
Govt mandates EPF for foreign workers
Indians working abroad and non-Indian working here will have to contribute 12% of their salary (equal amount from employer) to the Employees' Provident Fund Organisation (EPFO)
Birla hikes Hindalco stake
Kumar Mangalam Birla has picked by 2.91 mn shares of Hindalco from the open market
IMF warns of bigger slump
IMF expects losses on bad US assets to top $1.4 trillion