Top Newspaper Headlines

 Reddy puts banks on notice over loan rush
Raises banks' borrowing cost, leaves room for future hikes

 Fill it, shut it & gear up for a tough race
Bajaj strategy to shift battle ground to top-end may put Hero Honda in a spot

 Reliance Money brokerage fee may change rules of the game
Company planning to offer brokerage of 7.4p on every Rs 100 worth of delivery-based trades

 Thrills & tills at hobby farms
Indian tractor cos make capital out of West's craze for weekend farming

 The Hindu Business Line

 RBI eases forex reserves use
Key interest rates unchanged, measures to facilitate more capital flows

 Rice exporters join anti-GM bandwagon
Opposition linked to resistance in Europe, a huge market for Indian rice


The Financial Express

RBI pre-empts overheating of economy
Hikes repo rate by 25bps to 7.25%, keeps other key policy rates unchanged, ups GDP forecast to 8%, targets 5-5.5% inflation

 Industry slashes prices of 886 drugs
Impact will be marginal, says analysts


DNA Money

 Be good, don't overlend, RBI tells banks
Bond markets can relax. Yields look better than banking stocks now

 Trai stops tele-marketing calls when you are abroad
Wants firms to provide compliance status in 15 days

 No brakes on growth, say economists
Interest cost on loans for large companies is merely 1.5% of sales

 Pakistan's Airblue has a few lessons for local airlines
Piping hot meals and dual-seat arrangements have not hit the low-cost carrier