News Digest for the day

The Economic Times

RBI to keep a hawk-eye on FII inflows, check Re appreciation
Shock proofing: Central Bank sees flows as 'temporary'.

Taxes may spoil Infosys investors' ADS party
Short-term captial gains tax & ADS income are the main culprits.

Market's roaring, get a fix on those numbers
FII holdings of free float on index companies at 38%.

The Financial Express

LPG subsidy may be phased out gradually
Total subsidy bill in current year works out to be Rs 45,780 crore.

Entertainment industry looks at galloping growth
Overseas release of hindi films to be hallmark of 2005.

MFs in a tizzy as Dec 31 deadline on single investor norm nears
MFs to bear a likely loss of Rs 30,000 cr if plans are included.

The Business Line

RIL board kept in the dark, says Anil
Equity shareholding pattern of Reliance Infocomm never discussed, says Anil.

Jisco, JVSL debt set to come down
Debt expected to come down to Rs 3,500 cr from the current level of Rs 4,100 cr.

Hinduja TMT probing growth opportunities
To set up a BPO centre in Mauritius.