NEWS DIGEST: Top Newspaper Headlines

The Economic Times 

Cabinet puts OBC quota on hold

Poll Position: Decision allays fears about admissions in this academic session.

Premji, Jerry Rao make a splash in private equity space

Premji set to buy 26% in Narayana Hrudayalaya; Jerry Rao eyes stake in Grover Vineyards.

Birlas to buy out Tatas from Idea for Rs 4,406 crore

Aditya Birla Nuvo to acquire 15% stake, while Birla TMT Holdings to buy the balance 33.14% equity from the Tatas.

The Hindu Business Line

PN most preferred route for FII investments 

Investments through participatory notes (PN) now account for more than 52% of the total outstanding FII investments against 40% in a year ago period.

BSNL drops IPO plan this fiscal

Government and bankers advice the company to do so.

40 killed in Meerut trade fair fire

Tragedy struck after a fire broke out at "Brands India Consumer Show" at the Victoria Park yesterday .

The Financial Express

TN to adopt VAT after elections

A number of manufacturing units in the state are taking recourse to stock transfer to benefit from low VAT rates in neighbouring states.

A-I, IA plan post merger IPO of Rs 10,000 crore 

Merger will result in $3.50 billion company.

I&B to allow news on private FM  

Implementation likely before September when new stations under Phase II go on Air.

Daily News & Analysis -  Money

Yo-yoing Sensex may signal coming skid   

Bulls and bears in tussle to dictate market direction.

Mint Road may bark, not bite 

JP Morgan sees money being tightened by stealth.

Goodricke puts teacup aside, grabs fruit

Plans to diversify into agricultural crops and horticulture.