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NEWS DIGEST: Top Newspaper Headlines

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The Economic Times 

Sebi steps up vigil, plans to grade merchant bankers

Bid to improve IPO quality, assist investors in making decisions.

Petrol to cost Rs 2 more, diesel Rs 2.50; LPG left out

Government not to hike kerosene rate also in bid to take Left along.

George Soros' fund acquires 1% in GMR Infra for Rs 70 crore


Deal part of GMR Infrastructure's pre IPO-private placement.

The Hindu Business Line


National grid plan may get derailed 

Northern States overdraw power heavily.

Government may drop plan to set up authority for revamp of weak PSBs


Likely to usher in system of administrator as suggested by RBI.

Two-wheeler exports on the fast lane


Bajaj Auto, Hero Honda top the list in bikes, Honda Motorcycle in scooters.

The Financial Express


DoT defends spectrum policy

Says allocation follows normal procedure.

OVL wants to bid $4 billion for TNK-BP stake in Russian company 

OVL's first bid was for $3.01 billion, but the highest bid stood at $3.5 billion.

UPA's report card to focus on states
 

Government plans anniversary with a difference on May 22.

Daily News & Analysis -  Money


India Inc fair scorer in affirmative action   

However, SC/STs and OBCs are scarcer as you go up the hierarchy, where competence counts for much more.

Jagran move to scoop The Statesman fails 

Group says no plans to launch English daily for now.

A May 2004-type correction may be upon bourses

All indicators seem to be underscoring a sharp decline.
 

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First Published: May 15 2006 | 8:24 AM IST

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