News Digest for the day

The Financial Express

3-month reprieve for news channels
Compliance with foreign investment norms by March 31.

Prudential ICICI is second largest MF
AUM grows 19% in Nov-Dec '04; UTI Mutual Fund retains No 1 slot.

M&A activity surges in 2004
Total value at $9.32 billion, up from $4.46 billion in 2003.

The Economic Times

Taiwan co takes 36% in Redington for Rs 100 cr
Deal aimed at creating a large comapany with a presence in all big countries.

XL expansion: Lafarge plans to ramp up capacity
Co plans to add 2.5MT in eastern region, taking capacity up by 50%.

Textile pros in demand as quotas go
Steve & Barry's, Birla VXL & Cornell offer up to Rs 3.5 lakh to freshers.

The Business Line

Bosch relocates manufacture of key products to MICO plants here
MICO's exports expected to grow at 30% CAGR till 2006.

Pharmaceutical industry kept guessing
Lack of clarity on final number of product patent applications in the box has left domestic drug industry worried.

TRAI for digitisation of cable industry by 2010
Digitisation to help cable operatiors carry more channels on the cable systems.