The Economic Times
Market back from the brink, soars 341 points
Increased buying turns it around.
Centre to go ahead with OBC quota from June '07
Government agrees to implement 27% quota.
Call Delhi at local rates
MTNL slashes landline rates to 40 paise/min.
The Hindu Business Line
Bharat Forge Q4 net up 9.6%
To pay 150% dividend.
Government studying fresh reforms package
May see great foreign direct investment flow in retail, insurance sectors.
The Financial Express
Financial sector reforms must for 8% growth
Banks need Rs 42,000 crore more capital and insurance sector Rs 12,000 crore by 2010.
Federal Bank, IDBI, Fortis in insurance JV
IDBI to hold 49% stake, Fortis 26% and Federal Bank 25%, respectively.
Standard & Poor's still upbeat on select Indian ADRs
India leads South Korea & Taiwan in ADR trading volumes.
Daily News & Analysis - Money
MFs make record investments in stocks
May has been a buy-buy month with purchases exceeding Rs 4,832 crore.
Hindalco to set up Rs 7,700 crore smelter
World-class smelter to come up in Sindhi, bordering UP.
Low-fare Air-Deccan offers lower-fare IPO
Bottom end of price band cut to Rs 146 from Rs 150, closing date extended.
