NEWS DIGEST: Top Newspaper Headlines

 

Today's Top Newspaper Headlines:- 

The Economic Times 

Doors to ECBs spring wide open

No immediate impact, but top-rated companies stand to gain

Airlines get extra time to clear dues

Credit period up to 90 days; No fare cuts still 

Banks seek RBI help to resume infra lending

Banks fear corporates may not be able to service them

The Hindu Business Line

Subdued profit growth amid healthy sales

170 companies managed a sales growth of 29%, but a profit growth of 6.4% in the just concluded quarter

Moon mission launched

The PSLV-C11 successfully launched Chandrayaan-1 from the Satish Dhawan Space Centre, Sriharikota on Wednesday

TCS posts marginal rise in Q2 net on forex hedging losses

Company reported 1.5% growth in net profit at Rs 1,271 cr from Rs 1,251.60 cr in the same quarter a year ago

The Financial Express

Airlines get 6 months to clear overdue fuel bills

Airlines to pay Rs 2,962 cr dues in six EMIs by March 2009

TCS, Wipro results disappoint

Earnings of the both the companies lagged analysts estimates

Moody's lowers Tata Steel rating on UK concerns

The downgrade reflects the challenges facing Corus operations 

MINT

Rupee falls to all-time low on FII outflow

Foreign investors are dumping Indian stocks to send money to home markets reeling under a credit and cash crunch

United Spirits, Diageo set for strategic alliance

Diageo may acquire an equity stake in United Spirits

Hindalco stock are 5-year low

The fall has meant that the five banks that bought 34% of the firm's rights issue are facing a combined notional loss of at least Rs 631.5 cr