News Digest: Top Newspaper Headlines

The Economic Times 

Valley echoes with market boom now

Trading terminals call the shots in Kashmir for cabbies, teenagers & businessmen

I-T doesn't cost you at lot

Tax collection expense in India among the lowest in emerging economies.

Hindujas to buy out Sumitomo in Hutch Essar

Foreign stake in Telco down 1.23%.

The Hindu Business Line

Government for stable tax rates 

Taxing industry more will hit investment: Chidambaram.

RBI panel for cap on capital market exposure on NBFCs

Says existing Rs 10-lakh limit in the case of bank credit to individuals (Rs 20 lakh if the securities are dematerialised) against security of shares, be prescribed for deposit-taking NBFCs as well.

Salaries up 16% in IT services last year

Bangalore, NCR are among the highest on the location index: Survey.

The Financial Express

Increase subsidies, Deora urges PM

Also requested the PM to spare petrol, diesel, LPG and kerosene from an immediate price hike.

FMC mulls specialisation by commodities exchanges 

The regulator will also examine applicability of uniform contracts in terms of same commodity and same expiry date.

Star India split into two  

Peter Mukerjea to head Star Group, while Sameer Nair to head Star Entertianment.

Daily News & Analysis

Reliance Equity garners Rs 5,200 crore   

Domestic retail and other investors are hopping on the bull bandwagon.

Downstream steel prices hiked again 

Essar, JSW first off the block; a third hike likely to follow.

Orascom in not the only one straddling India, Pak, Bangla    

Telekom Malaysia, Millicom and Norwegian Telenor also fall under the similar linkages.

The Times of India

PWC echoes BRICs report  

Another study backs India to emerge as second largest economy by 2050.

M&MK to invest Rs 100 crore on new Scorpio, Logan 

Plans to ramp up production capacity of Scorpio from 132 vehicles a day to 180 a day.

IFC buys out ICICI in Federal for Rs 480 crore  

ICICI Bank sold its 3% stake in Federal Bank for Rs 187 per share yesterday.