NEWS DIGEST: Top Newspaper Headlines

The Economic Times 

IPO Scam: Sebi bars Karvy, Indiabulls from market

After the euphoria, comes the crackdown. The regulator pulled up several banks and top-gun market intermediaries on Thrusday, bruising their pride and credibility.

RBI puts curbs on FII entry in real estate IPOs

Foreign investors will be allowed only if realty projects fulfill FDI rules.

Reliance beats the Street, Q4 profit rises 9%

Record oil refining margins take net to Rs 2,800 crore.

The Hindu Business Line

Grasim Q4 net up 14.5% 

Growth led by cement and vicose staple yarn business.

IOC nets Rs 3,225 crore by diluting stake in ONGC

IOC offered ONGC shares in the price bank of Rs 1,330-1,399 per share.

Domestic airfares set to turn costlier

A fallout to the rise in global oil prices.

The Financial Express

OVL buys 15% in Brazilian block

The move to buy stake from Shell will mark OVL's entry into Latin America.

Essar bids higher than Hutch for Hinduja pie 

Hutchison had earlier bid $400 million with an option for an additional $50 million.

Sensex slips 103 points; Reliance fails to cheer  

Nifty dropped 48 points to 3,508; Sensex ended at 11,835.

Daily News & Analysis -  Money

Centre may rethink spectrum norms   

DoT in a huddle post Ratan Tata blast.

Fed gives stronger hint yet on rate-hike pause 

US treasury notes dart up, stocks rebound, $ drops.

Durables firms hitch wagon to high-end star

With product growth at 60-100%, and the low end plateauing, move makes sense.