News Digest for the day

The Economic Times

Is the Ambani impasse over?
TV channel says mother's decided division, spokesman say 'family matter'.

Govt may go for marginal hike in T-tax in Budget
Non-Delivery trades not to be hit.

Vangal-Newbridge combine joins race for Shaw Wallace liquor arm
It's now a two-horse race with Seagram dropping out.

The Financial Express

Reliance pitches for oilfields in Saudi
Mukesh hosts dinner for oil minister Ali Ibrahim Naimi.

India, Japan likely to take on US, EU on anti-dumping duty
Japan to challenge US' dumping margins calculation; India to dispute with EU on duties imposed on import of cotton-type bed item.

NIBM in tie-up with Kellogg school, IMF
To cater to management training requirements.

The Business Line

HLL to focus on frachisee route for Modern bread
To cut manpower of MFIL, mulling VRS package over a period of time.

Exide to focus on volumes, cost cutting
Rising lead prices affecting profitability; to urge govt to reduce import duty on lead to 5% from the prevailing 15%.

Gujarat, Karnataka JV plans for pithead-base power station fall through
Chhattisgarh's new conditions prove stumbling block.