News Digest for the day

The Economic Times

Stamp duty on realty may be slashed to 4% across states
Move aimed at curbing black money; states may be compensated for loss.

Wipro floats freely, 50 lakh shares issued in 6 months
More members in millionaires' club; value pegged at Rs 350 cr.

BSNL-MTNL merger may miss 'deadline'
Delay in finalising BSNL float may force govt to extend target date beyond mid-'05.

The Financial Express

Petrochem duties to be overhauled
Chidambaram to correct inverted duty structure plaguing the sectors.

Spectrum to seek nod for financial restructuring, power trading foray
Proposal envisages restructuring of Rs 867 crore high-cost debt.

Air One operations by May
Feet size of 35 aircraft likely in 5-6 years.

The Business Line

Saudi Aramco may partner IOC to build crude reserves
IOC to form a SPV to set up  oil strategic facilities to help improve India's oil security.

Pawar for import of GM oilseeds
Imports needed to overcome shortage of oilseeds and edible oils.

ECCO makes Indian foray
Sets up 100% arm.