News Digest for the day

The Economic Times

Govt to kick off banking reforms with graded FDI hike, M&A push
Road map to clear air on branch licensing, foreign bank arms.

Oil PSUs get the jitters as pvt retailers pump it up
Reliance, Essar snatch the lead on highways.

VCs play bull, double India investments to $443mn in Q3
Return of political stability, flurry of late-stage deals spur funds flow.

The Financial Express

Pfizer Inc gears up for new India strategy
To launch patented products, facilities to be consolidated.

Trade margins in drug industry to come down
MRP-based excise levy mixed bag for consumers & cos.

Britania to focus on Diary
Ropes in Mr. Anupam Datta from CavinKare to boost the dairy business.

The Business Line

Ordinance sets stage for PPF closure
Govt pitching for New Pension System in place of PPF.

TRAI disputes BSNL claims on revenue loss
Subscriber growth rate & increase in minutes of usage to compensate for reduction on call charges, Trai says.

Industry sees 10% fall in PC prices from April
Opinion divided on VAT impact on domestic units.