MUMBAI, April 13 (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)
* JK Tyre & Industries Ltd is going ahead with its
expansion plans and will invest around 5 billion rupees in the
next 18 months despite a slump in demand, taking tyre production
to over 9 million a year.
* The Reserve Bank of India is planning to do away with the
mandatory requirement of submitting audit certificates from
chartered accountants establishing the product being exported, to
avail the 2 percent discount from banks.
* UK's United Biscuits is exploring manufacturing and
marketing tie-ups in India and is in talks with several biscuit
companies including Parle Products.
DAILY NEWS & ANALYSIS (www.dnaindia.com)
* India's top software exporter, Tata Consultancy Services
has brought about 10 percent of its UK workforce back to
India. UK staff strength stands at 4,500 after the relocation.
BUSINESS STANDARD (www.business-standard.com)
* India's top car maker Maruti Suzuki is working on
plans to launch electric cars and compressed natural gas variants
for three or four models in the domestic market as part of its
strategy to develop small cars running on alternative fuel
technology.
* Indian state-run explorer Oil and Natural Gas Corp
is shelving a proposed wind energy project in the
southern state of Karnataka, but is going ahead with a second one
in Gujarat.
MINT (www.livemint.com)
* Delhi International Airport plans to award retail
concessions based on a revenue sharing model, with the winning
bidder required to form a joint venture with the airport
operator.
* The founder of Jain Irrigation Systems Ltd and
his sons have signed agreements to forbid the sale of shares from
their core holding in the drip irrigation firm and are working to
create a structure to hold their promoters' stake in a trust.
* Kumar Mangalam Birla, chairman of the Aditya Birla Group,
has decided not to convert preferential warrants worth 40 billion
rupees in the group's subsidiary Aditya Birla Nuvo Ltd .
TIMES OF INDIA (www.timesofindia.com)
* Tata Capital plans to raise between $500 million and $1
billion through its private equity arm.
FINANCIAL CHRONICLE (www.mydigitalfc.com)
* Religare Enterprises is set to enter the health
insurance business through a joint venture with a foreign
insurance firm. It is in talks with U.S.'s Aetna and
others for the new venture.
($1 =50.00 Indian rupees)
(Compiled by Jasudha Kirpalani, Editing by Sunil Nair)
((jasudha.kirpalani@thomsonreuters.com; +91 22 6636 9028;
Reuters Messaging: jasudha.kirpalani.reuters.com@reuters.net ))
(If you have a query or comment on this story, send an email to
newsfeedback.asia@thomsonreuters.com)
Keywords: INDIA PRESS/
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