NEWS DIGEST: Top Newspaper Headlines

The Economic Times 

Stage set for big reforms

100% in insurance and 49% in retail part of agenda.

Sensex melts 268 in metal fire

Investors lose Rs 89,000 crore.

You can go for a commodity portfolio now

Brokers offer PMS to big clients.

The Hindu Business Line

I'm guilty: Kumar 

CA's former CEO 'led %2.2 billion accounting fraud'.

Subex buys UK's Azure

Stock-plus-cash deal exceeds $140 million; to have 500-strong employee base.

IPCL to merge 6 polyester companies with itself

To result in forward integration; net drops to Rs 249 crore.

The Financial Express

BPCL readies $1 billion warchest for E&P activity

Subsidiary to have Rs 500  crore authorised capital.

MTNL net dips 38%, sales down 5% 

Subscriber base grew 15% in 05-06.

OP Bhatt is MD of SBI  

Emerges strong contender for bank chairmanship.

Daily News & Analysis -  Money

Nissan says it could set up car plant   

Firm will move in "aggressively" now, says Ghosn.

Change of guard at BILT, LM Thapar gives way 

Nephew Gautam will take reins on July 1.

Prepaid cards, now for trading

Anil Ambani's R Trade will redefine the stock broking paradigm.

The Times of India - Business

World may sneeze on US cold 

Fed move to hide M3 figures raises many eyebrows.

Lipitor respite for Ranbaxy 

A panel of Austrain judges upheld the previous ruling in favour of Ranbaxy.

Free for all: Private telcos join BSNL-Trai battle of wits  

ADC is a levy to cover the difference between the cost and regulated tariff of providing fixed line service.