News Digest for the day

The Financial Express

Centre builds up record cash surplus to check inflation
Loan recoveries and buoyant direct tax mop-up have filled the coffers.

Sebi may relax minimum investor norm for MFs
Asks funds to share details of investor holdings

Heavy industries dept eyes part of Bhel sale proceeds
5% dilution of govt stake could bring almost Rs 900 crore.

The Economic Times

After the bull run, the $ deluge
ADR issues to bring in nearly $5bn in H1; inflows to boost rupee, markets.

ITC zooms past HLL on M-cap St
ITC's market-cap rises to Rs 32,695 crore, while HLL's m-cap stood at Rs 31,600 crore as of Tuesday.

Hero Honda, Bajaj zoom ahead of peers
Combined H1 market share of cos rises to 79%; others see pie falling to 21%.

The Business Line

Govt looking at 'holistic' legislation on data protection
Various groups including pharma, chemicals & IT industry to raise issue on data protection.

ONGC to start drilling at Bokaro using own platform
To start commercial production on the Jharia block as early as in 2006-07.

Booking for Qualis to be stopped from New Year
Toyota to launch Innova in February.