NEWS DIGEST: Top Newspaper Headlines

The Economic Times 

Reddy plays safe & steady

Rates untouched; home and personal loans to get dearer.

Story So Far: India Inc's set for a swinging FY06

First 50 companies post 37% net growth; Just 2 perform poorly.

Music's beat; cell tones spew cash

Mobile music hopes to hit Rs 720 crore, cross conventional industry .

The Hindu Business Line

Sensex scores new high, goes up 282 points 

Technology stocks are stars of the day.

PM to chair high-level panel on manufacturing

Will address macro-economic issues impinging on growth.

Sona Okegawa gears up for Rs 60 crore expansion

Free to supply to global markets; targets Rs 300 crore by 2009.

The Financial Express

Reliance plans Rs 5,000 crore foray into city gas distribution

The supply cost to city gas consumers will be minimised so that it can compete with subsidised LPG.

PM plumps for 12% growth in manufacturing 

Eyes overall economic growth of 10% in the next few years.

Reliance Energy bags 2 group captive projects  

Plants to come up near Mumbai, Nagpur with Rs 1,800 crore investment.

Daily News & Analysis -  Money

Centre writes off United Bank losses   

Path paved for IPO.

Borrowing costs set to spiral northwards 

Bottomline persuaion will force banks' hand.

India will outcode Silicon Valley, says Oracle chief

Jeff Henley sees India emerging as world's innovation centre.

The Times of India - Business

IPCL in talks for Bengal government's stake in Haldia  

Sources tell about informal talks between the West Bengal government and Mukesh Ambani's Reliance.

States end year with huge cash surplus 

But will have to park funds in 14-day treasury bills, to lose Rs 1,500 crore interest income.

DLF to foray into hospitality sector  

Group plans to build 100 hotels with 25,000 rooms, in around 70 cities across India by 2010.