Do More With Reuters
Partner Services

PRESS DIGEST - Indian Business News - Nov 17

Mon Nov 17, 2008 9:04am IST
 
Email | Print | | Single Page
[-] Text [+]

MUMBAI, Nov 17 (Reuters) - Indian newspapers carried the following stories in their print or Web editions on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

ECONOMIC TIMES (www.economictimes.com)

* India's central bank is in talks with some large banks to lower the tenure of derivative contract deals to minimise risks. * Kingfisher Airlines (KING.BO: Quote, Profile, Research) is holding exploratory talks with international carriers for diluting up to 25 percent stake. The move comes on hopes the federal government may allow foreign airlines to invest in domestic carriers.

* Construction and engineering firm Larsen & Toubro Ltd (LART.BO: Quote, Profile, Research) is in talks with Antwerp Port Authority to establish a greenfield port in the west coast of the country. The venture will initially invest 20 billion rupees into the port.

* India's Insurance Regulatory Development Authority is set to give state-run Life Insurance of India (LIC) more leeway to invest in debt instruments of a single company. This would help state-owned companies access funds from LIC, which has surpluses to invest in these turbulent times.

MINT (www.livemint.com)

* India's federal government is considering a proposal to subsidise loans for infrastructure projects, offered through public bids, by effectively, capping interest rates and absorbing the cost of higher rates in its own books.

* Mundra Port and Special Economic Zone (MPSE.BO: Quote, Profile, Research) is expected to announce a partnership with Wallenius Wilhelmsen Logistics and NYK Line this week to set up a dedicated automobile terminal at the western coast port.

BUSINESS STANDARD (www.business-standard.com)  Continued...

Hugh Hefner
PLAYBOY SALE
An icon bows to changing times

With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech.  Full Article 

A man walks past a bronze statue of a bull outside the Bombay Stock Exchange (BSE) building in Mumbai in this March 25, 2008 file photo. REUTERS/Punit Paranjpe/Files
Bubble trouble?

With India's benchmark stock index, the BSE Sensex, at around 17,000 points, are the Indian equity markets looking at a possible bubble?  Commentary 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SPECIAL REPORT

Himangshu Watts
India's food dilemma

Indian farms are failing to attract capital or talent, either from rich landlords or the students who graduate from agricultural universities.  Full Article | Related Story 

showcase

U.S. Recession
U.S. Recession

A trip through the epicenters of the American recession.  Full Coverage 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
T P Raman
Column - RBI leads the world

Reserve Bank of India's approach ring-fenced the banking system.   Full Article 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Not Enough Jobs
Not Enough Jobs

Venture capital creates jobs, but not enough.  Full Article 

 
Column - A Sweet Dream
Column - A Sweet Dream

There are good reasons for Ferrero to consider a combination with Cadbury.  Full Article