News Digest: Top Newspaper Headlines

The Economic Times 

RBI to draw up capital account convertibility roadmap by July

SS Tarapore to head convertibility panel; process may kick off with SEZs.

RR Donnelley acquires OfficeTiger for $250 million

Deal biggest in Indian BPO space.

Government turns on the power; FDI to fuel nuke charge

May allow 49% FDI in nuclear power.

The Hindu Business Line

Deal with Air Sahara intact, says Goyal 

Scotches rumours of unresolved issues.

Dell plans to double headcount

Plans to double its headcount to 20,000 in India over the next three years.

New norms on Mutual Fund issue expenses

Entry load or AMC may be asked to bear the burden.

The Financial Express

Kurien calls it a day after 23 years

Steps down as the chairman of Gujarat Co-operative Milk Marketing Federation after heading it since its inception in 1973.

Yet another Trai push for convergence 

Recommends a Rs 5 crore fee for unified license as against Rs 107 crore mooted earlier.

HPCL-Total talks for Vizag refinery JV off  

Hindustan Petroleum to go solo for Rs 16,000 crore project.

Daily News & Analysis

Sensex nears 11,000, valuation fears rear   

There is more cash waiting in the wings, some of which is hunting for better value play.

SBI selling assets to offer loans 

As economy zooms, credit offtake flies, causing an unusual problem in banking.

Infomedia acquires Noida firm    

Acquisition of International Typesetting will pay way for US entry.

The Times of India

US venture fund buys 15% in Hexaware  

Buys the stake for Rs 300 crore .

Terminal crisis: Bidders desert container hub 

Bids for the offshore container terminal of MbPT has been postponed for the seventh time since April last year.

Jhunjhunwala is Reliance Capital vice-chairman  

Amitabh Jhunjhunwala was appointed yesterday.