NEWS DIGEST: Top Newspaper Headlines

The Economic Times 

Hutchison offers to buy out Hinduja for $450 million

Hinduja's however want $500 million in cash and 50% share of the gains on listing with no cap.

Sensex turns around with 292-point blast

Reverses a three-day losing streak.

Government asks PSU blue chips to go for stock splits, bonus

ONGC, Gail, BHEL among likely gainers.

The Hindu Business Line

Maruti Q4 net up 39% 

To pay 70% dividend, launch new export model in 2008-09.

Dabur eyes acquisitions abroad

Due diligence on for companies in US Egypt, Malaysia.

Corporation Bank Q4 net dips 6.8%

Rise in cost of funds one of the reasons.

The Financial Express

Oil PSUs may take a Rs 57,000 crore hit

Under-recoveries for 2006-07 to be record high if prices are not revised.

Penny stocks perk up in journey from 11K to 12K 

Including the six stocks which Sebi had pulled up earlier.

IOC to sell its 2% ONGC stake for Rs 3,500 crore  

Move aims at fulfilling its overseas ambitions and reducing debt burden.

Daily News & Analysis -  Money

Media players switch to revamp mode   

Sun seeks strategic ally for FM radio, Hinduja TMT restructures business.

OVL will acquire 15% in Brazilian block for $1.4 billion 

Shell to give up part of stake bought from Exxon to ONGC arm.

Reliance thumbs nose at public sector refiners

No discount for LPG, kerosene, won't bear4% CST.

The Times of India - Business

Making sense of realty IPO boom 

Lack of standard valuation models troubles equity investors and expert alike.

Bank charges come under RBI scanner 

Cash withdrawal another bank's ATM - between Rs 18 and Rs 60 per transaction.

HDFC arm plans $750 million VC fund  

Predominantly to invest in hospitality sector.