Today's Top Newspaper Headlines:-
The Economic Times
Wall Street loses its pride
The unthinkable has happened. Iconic i-banks Golman & Morgan turn themselves into old-fashioned retail banks
Core cos can raise $500 mn abroad now
New rules set repayment period
UK hedge fund takes on Vedanta over rejig
TCI feels that the move to create verticals benefits promoters more than shareholders
The Hindu Business Line
External borrowing limit for infrastructure cos hiked
Limit increased from $100 mn to $500 mn a year
Four SEZs in Tamil Nadu get in-principle nod
BoA gave formal approvals to 18 SEZs, and 10 received in-principle nod
Domestic airlines clip staff strength
Kingfisher, JetLife cutback to stay afloat
The Financial Express
BSNL to hive off tower biz, rejig working
Nearly 35,000 towers will be shifted to 100% arm
RBI reviewing both firms' status in India
Morgan staff reassured after CEO's Monday address; Lehman staff confused with no official word yet on status
SBI plans aggressive foreign expansion, buyout on agenda
To tap unexplored market with high Indian presence
MINT
Infrastructure firms given a wider window
Overseas borrowing limit raised fivefold to $500 mn
Sahara India to sell stake in film, TV unit
Wants to use the proceeds to meet investment norms laid down by RBI
Reliance gas delays leave investors cold
Company announced production of gas from KG basin to start from January against the previously expected October, November this year
