News Digest: Top Newspaper Headlines

Business Standard

'Commodities set for bull run'

Gold may breach $900/oz; crude oil may touch $150: Jim Rogers.

Service tax returns at post offices

From the next financial year, firms may be allowed to file service tax returns and register for paying this levy at post offices.

GoAir places $1.2 bn order for A-320s  

Nusli Wadia-promoted no-frills airline GoAir yesterday placed orders worth $1.2 billion (approximately, Rs 5,341 crore) for 20 aircraft with European aircraft manufacturer Airbus.

The Economic Times 

Railways to woo high-fliers with lower fares

Rail Budget may include cut in upper class rates to compete with low-cost airlines.

Companies may get a choice: FBT or tax on book profit

Move to raise corporate tax slightly, fetch government around Rs 2,100 crore.

Indian Idol SBI fails to strike a chord with Singapore

Bank told to provide government guarantee if it wants licence.

The Hindu Business Line

PM's council wants data on all imports published 

DGCIS figures at variance with RBI's version.

Nuclear boost: French major Areva keen to enter Indian market

Looking for domestic tie-up.

Poultry sector plan to get back on its feet

Bollywood likely to lend succour.

The Financial Express

Ramesh Chauhan set to have maaza with Alfaa

Freed from non-compete clause with Coke, Chauhan back in business.

IPO scamsters made a Rs 32 crore killing: CBI

Rupal Panchal & associates get Rs 30 crore funding from some financiers.

Current a/c deficit to top 3% of GDP next fiscal 

The current account deficit is expected to increase to $23 billion or 2.9% of the gross domestic product by March 2006 from less than 1% in 2004-05, according to the economic advisory council to the Prime Minister.

Daily News & Analysis

Flu may drag GDP growth below 8%  

While current projections are for 8.1% GDP growth this financial year, if the flu persists, it could well bring the rate down below 8%.

Reliance Qwik Marts at petrol pumps 

The Qwik Mart value proposition offers convenience through multiple offerings under one roof, speed of service and value-based pricing.

GAIL to snip IPCL's gas supplies  

GAIL had served a supply termination order on IPCL since the latter had failed to sign a supply agreement with it and outstanding dues were mounting.