NEWS DIGEST: Top Newspaper Headlines

The Economic Times 

Billion $ baby Reliance strikes 60 mt oil in KG basin

Reserves could fetch $1.8 billion a year for 15 years.

JP Morgan, IDF to buy 20% in Larsen & Toubro arm for Rs 500 crore

Stake sale's via preferential allotment; company seen valued at Rs 2,500 crore.

Goldman may invest $100 million in Pantaloon arm

To invest in Indivision Capital, a private equity fund  managed by Future Capital Holdings, Pantaloon..

The Hindu Business Line

Wipro revenues cros Rs 10,000 crore, Q4 net up 43% 

Dividend at Rs 5; Premji looks forward with enthusiasm.

S&P revises outlook on India to 'positive'

This may be followed by revision in sovereign rating in the future.

HCL Tech net rises 22.7% in Q3

Breaks into billion dollar 'run rate' league.

The Financial Express

Sensex up 74 points, sniffs 12K

The index touched an all-time intra-day high of 11,896.

FDI inflows up 41% to $7.5 billion in 2005-06 

Inflows likely to grow 25% and cross $10 billion in the current fiscal.

Beijing wants India Inc to pick up stake in Chinese PSUs  

Also urges India companies to list on the Beijing Equity Exchange.

Daily News & Analysis -  Money

Call drops will drop as Centre adds spectrum   

Cell firms to get 45 MHz more, defence gets optic fibre bandwidth in Rs 1,000 crore plan.

India falls 10 spots in CalPERS list 

But makes the investment cut, gets 'blank cheque'.

It's floating season for brokers, too

Brokerages and investment banking firms are lining up IPOs.