Today's Top Newspaper Headlines:-
The Economic Times
US recharges banks, India fights crunch
America gives $250 bn capital support to prompt banks to lend
Govt likely to double bank deposit cover
Move aimed to augment customer confidence in the banking system
Govt, Sebi keep tabs on short-selling
However, there is no immediate move to ban short-selling
The Hindu Business Line
RBI moves to inject liquidity to MFs; banks not enthused
Only 4 bids from banks worth Rs 3,500 cr
Markets pare early gains on State polls announcement
Elections would mean that the govt cannot announce any schemes that might be considered populist
GE gears up for civil nuclear play
Plans include setting up new reactors, plant services
The Financial Express
Markets sustain rally
Call rates dip signalling return of liquidity; SLR announcement expected today
Bush outlines measures to aid US banks, restore confidence
US to invest $125 bn in 9 major FIs
RBI allows MFs to raise funds against CDs
14-day repo auction to infuse Rs 20K cr planned
MINT
Derivatives: Madras Court rules in favour of Axis Bank
Court said the amount due to the bank is a debt as defined under the Debt Recovery Tribunal Act
Tata Steel faces Corus pension fund losses
Corus lost Rs 5,352 cr in the April-June quarter because of its exposure to equity and other financial markets
Jet, Kingfisher looks to cut jobs, costs; eyes savings of Rs 800 cr
There is no point in fighting, because everybody is bleeding, says Jet chairman Naresh Goyal
