Stocks in news:

• Indian ADRs:
  Patni slides 10%
• NSE bars further F&O positions in Adlabs Films as 95% of marketwide limit reached
• Crude:
  Govt Mulling 5 Options To Combat High Crude Prices
  Options Include Fuel Price Hike, Bonds, Duty Cuts
• Singtel proposal
  FIPB Defers Singtel Australia Proposal To Set Up Telecom JV
  Singtel Australia Proposed JV With 74% Foreign Eq For Telecom Services
  Alert: SingTel Holds 33% Stake In Bharti Telecom, Bharti has No Objection To Singtel Proposed ILD JV: Sources
• Proposed FDI Norms
  Petroleum& natural gas - Increase in foreign equity cap from 26% to 49% in PSU refineries
  Commodity exchanges - Composite ceiling of 49% on FDI and FII - with FII invest capped at 24%
  Credit Information Cos - FDI upto 49% with specific Govt approval & RBI clearance
  FDI upto 74% through automatic route for chartered, non-scheduled and cargo airlines
• Rel Com plans price war encore in GSM, plans to cut GSM call rates by 30% in line with CDMA charges - BS
• Hindustan Zinc cuts zinc price by Rs 3,800/t to Rs 1.27 lakh/t
• Tata Group leads race to buy Land Rover and Jaguar after 2nd round of bidding in auction of Ford's British marques: PTI
• Advanta India subsidiary buys controlling stake in Australia-based LongReach Plant Breeders for a USD 12 mn
• Champagne Indage to acquire up to 49% stake in Swedish Co for USD 10 mn
• Prime Securities board approves buyback up to Rs 13 cr at not over Rs 225/sh
• Ansal Properties and Infra plans foray into wind energy sector - HT
• Blackstone to invest USD 1 billion in partnership with Hotel Leela Venture for setting up hotels in India- TOI
• 3 foreign strategic players in race for HUL’s Modern Foods - ET
• Lowe, world’s 2nd largest multi-brand improvement co plans partnership with Reliance Retail- ET
• Cipla beats Ranbaxy for top slot in sales in Sept - ET
• Jindal group transferring 75% stake in JSW Energy to Cyprus based co - ET
• Brother files fraud charges against Apollo Tyre chief O S Kanwar - Agencies 
• DoT advices to auction VSNL land - BS
• JK Investo trade plans to delist, sets floor price of Rs 170/sh
• Damier pulls out of race to acquire a strategic stake Eicher Motors - FE
• Tata Power plan to raise wind power capacity four-fold - ET
• DRL to appeal for Avelox against Bayer - FE
• Vertex Securities open offer by Transwarranty Finance at Rs 31/sh
• Power Ministry to take up open access ,meeting scheduled to be held today- FE