News Digest: Top Newspaper Headlines

The Economic Times 

Kotak buys Goldman's 25% stake in 2 JVs for Rs 333 crore

Kotak will now own 100% in both ventures, US company to go solo here

Centre gives states 20 days to put flu measures in place

Maharashtra, Gujarat just a week to implement plan.

Western Union need not pay tax here: ITAT

'Liaison office is not a permanent establishment', says IT Appellate Tribunal.

The Hindu Business Line

Goldman Sachs plans to invest $1 billion in India 

Ends 10-year ties with Kotak Mahindra group.

I-T staff walk out over large taxpayer units plan

Protesting employees fear redundancy.

Sensex up 77 points

Auto, cement, banking stocks lead the way.

The Financial Express

GMR plans 3 airport terminals in Delhi

Obtains Rs 500 crore equity support guarantee from ICICI Bank and Punjab National Bank.

India Inc on SEZ overdrive 

Government panel will meet today to consider 111 new proposals and ratify 51 proposals cleared by them in the earlier meetings.

DGH raises eyebrow over Cairn's new reserve claim  

Cairn's sticks to its stand of an estimated total oil reserves in excess of 3.5 billion barrels.

Daily News & Analysis

NFO assets shrink in bull market paradox   

Most new fund offerings since January 2005 see assets under management drop.

MCX to be first bourse to list 

Commodity exchange readies to follow NYSE.

BPL's Rajeev Chandrasekhar en rout to Rajya Sabha    

Nominated ahead of Sajjan Jindal.

The Times of India

Industry fears scuttle trade pact with China  

The average annual growth of Sino-Indian trade over the last five years is 44%.

Airlines land in smaller town to avail tax sops 

Centre plans to offer five-year holiday for paying airport charges to airlines providing feeder route air services.

Wockhardt to raise $800 million war chest  

Preparing itself for a big acquisition in the US.