Today's Top Newspaper Headlines:-
The Economic Times
Doors to ECBs spring wide open
No immediate impact, but top-rated companies stand to gain
Airlines get extra time to clear dues
Credit period up to 90 days; No fare cuts still
Banks seek RBI help to resume infra lending
Banks fear corporates may not be able to service them
The Hindu Business Line
Subdued profit growth amid healthy sales
170 companies managed a sales growth of 29%, but a profit growth of 6.4% in the just concluded quarter
Moon mission launched
The PSLV-C11 successfully launched Chandrayaan-1 from the Satish Dhawan Space Centre, Sriharikota on Wednesday
TCS posts marginal rise in Q2 net on forex hedging losses
Company reported 1.5% growth in net profit at Rs 1,271 cr from Rs 1,251.60 cr in the same quarter a year ago
The Financial Express
Airlines get 6 months to clear overdue fuel bills
Airlines to pay Rs 2,962 cr dues in six EMIs by March 2009
TCS, Wipro results disappoint
Earnings of the both the companies lagged analysts estimates
Moody's lowers Tata Steel rating on UK concerns
The downgrade reflects the challenges facing Corus operations
MINT
Rupee falls to all-time low on FII outflow
Foreign investors are dumping Indian stocks to send money to home markets reeling under a credit and cash crunch
United Spirits, Diageo set for strategic alliance
Diageo may acquire an equity stake in United Spirits
Hindalco stock are 5-year low
The fall has meant that the five banks that bought 34% of the firm's rights issue are facing a combined notional loss of at least Rs 631.5 cr