NEWS DIGEST: Top Newspaper Headlines

The Economic Times 

Grading's optional for IPOs

It's all or none, Sebi leaves choice to issuers.

Foreign telcos will need local partner's okay for stake sale

Move follows questions raised by Essar group over Orascom's acquisition of an indirect equity stake in Hutchison Essar without taking government approval.

Indian joins price war with 10-35% fare cut

Bookings open for May 1-June 15 period.

The Hindu Business Line

EID Parry, Cargill to set up sugar refinery in AP 

Joint venture to invest Rs 325 crore; tap market.

Sun TV gains 67.5% on debut day

Closes at Rs 1,466 against the issue price of Rs 875.

IMD sees monsoon just below normal

Says monsoon is likely to 93% of the long period of average.

The Financial Express

NSE hikes cash and derivatives' margins

The decision to hike margins comes in wake of volatile markets.

Metro AG to expand India operations 

Kamal Nath promises to ease retail FDI norms in the next 45 days.

Government moves in to bail out HPCL, BPCL  

To change subsidy sharing formula for compensating oil companies.

Daily News & Analysis -  Money

Boiling oil will crank up inflation by 1%   

Oil refiners want Rs 5.6 more per litre of petrol and Rs 7.6 for diesel.

Policy offers new wind to regional airlines 

Easier licensing cheaper ATF also on the cards.

Reliance Petro may give shares to all applicants

Public issue price fixed at Rs 60.