Today's Top Newspaper Headlines:-
The Economic Times
AIG holdings in local cos under a cloud
Change of ownership needs regulatory nod
Hit by defaults, foreign NBFCs shut branches
Defaults have been on the rise due to interest rate hikes & crackdown on collections
Bust now, boom a year away
Analysis reveals crisis may be a good time to stay put
The Hindu Business Line
Mobile operators to pay for excess 2G spectrum
Bharti, Vodafone, Idea may have to cough up Rs 4,000cr as one-time fee
Sensex down on volatile oil, liquidity crunch
IT, realty, banking companies were the biggest losers in yesterday's session
Ranbaxy faces heat from more countries
Canada, Germany turn on the screws; shares dip 11%
The Financial Express
RIL changes tack, will seek proven oil & gas assets
Company to focus more on overseas acquisitions instead of developing fresh domestic exploration blocks
Media cross-holding under Trai review
Trai invites stakeholders to share views on whether there is need for cross-media ownership restrictions and whether existing laws are adequate to address the concerns
Tata Motors announces $383 mn H1 loss at JLR
After takeover, JLR posted $58 mn profit in 1st month
MINT
Are Indian firms the riskiest bets?
Widening spreads in credit default swaps point to this, though some experts say it's a temporary phenomenon
Anil Ambani says RIL not keen on settlement
Anil claimed that RIL lacks the will to find an out-of-court settlement and is consistently frustrating his efforts to do so
Etisalat buys 45% in Swan
The UAE-based firm will pay $900 mn for a stake in Swan Telecom, which has got spectrum in 10 circles
