News Digest for the day

The Financial Express

RIL corporate governance panel seeks status report
Panel discusses report prepared by Crisil.

Aiyar to push India's case for emergency oil storage
Long-term contracts for assurance to oil producers & stability to consumers.

Godrej Foods heads for the breakfast table
Plans aggressive pricing, health food positioning.

The Economic Times

Spoke in the step: India-Singapore economic pact faces RBI roadblock
Bank unwilling to relax $5mn capitalisation norm for foriegn branches.

Now, the wheel-good factor: Car sales cross one million!
Volumes jump 23% as new launches, discounts spur demand.

Post-quota, local cos hope to bag 15% of US market
Industry feels Wal-Mart effect will not be a barrier.

The Business Line

BSNL says Tata Tele avoiding payment on 'Walky' services
BSNL blames Tata Tele for claiming ADC on 'Walky' services, as it is permissible only on fixed line servies.

Nambiar urges CLB to help maintain status quo
Requests CLB to direct Asia Pacific Systems & Essar Teleholdings to maintain status quo in their shareholding pattern in the company.

Praful Patel takes up aviation issues with Chidambaram
Minister took up issues of providing guarantee to IA for purchase of aircraft & the issue of sales tax on ATF.