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News headlines
Oil & Gas
EGoM may meet on Dec 22 to decide on diesel price hike (Economic Times)
ONGC in talks with Bashneft on Arctic oil fields (Economic Times)
Oil India asks Gazprom to help develop two gas fields (Economic Times)
Cairn-Vedanta deal to be finalised by March 2011: Govt (Economic Times)
Banks
'Hold cos accountable for not controlling bribery' (Economic Times)
Federal Bank hikes interest rates (Economic Times)
RBI asks banks to open no frills account for minority students (Economic Times)
IOB increases its BPLR by 25 basis points (Economic Times)
IDBI Bank raises BPLR, base rate on higher cost of funds (Economic Times)
Pharma
Reckitt Benckiser to buy Paras Pharmaceuticals for Rs32.6bn (Economic Times)
Novartis to buy Aventis stake in rabies vaccine JV for $22mn (Economic Times)
Emami loses Paras despite highest bid (Business Standard)
Commodity
Vedanta shareholders approve Cairn India deal (Economic Times)
SC continues stay over Madras HC order on Sterlite (Economic Times)
Rio Tinto in talks to develop iron ore in India (Economic Times)
NMDC JV to give direct access of Indian steel market to Severstal (Economic Times)
Consumer
Glaxo buys protein-drinks firm Maxinutrition (Economic Times)
Retail/ Real Estate
HC stays SEBI order banning Sahara grp cos from raising funds (Economic Times)
Govt may decide on Lavasa hill city's fate tomorrow (Economic Times)
IT & Telecom
Ministry begins issuing showcause notices to telcos on 2G licences (Economic Times)
Reliance Communications launches 3G services (Economic Times)
Govt delays approval for Qualcomm's India Wireless Broadband rollout (Economic Times)
DoT rejects Liberty bid for ITI takeover (Economic Times)
Govt penalty on telcos failing to meet roll-out obligations (Economic Times)
Power, engineering & infrastructure
India to launch advanced communication satellite Dec 20 (Economic Times)
Concurrent Infra acquires 65,000 tonne capacity Vakratund Ispat (Economic Times)
NTPC signs PPA with Bengal govt for1,600-Mw project (Business Standard)
GMR Energy gets Rs1bn from Tamil Nadu SEB (Business Standard)
Automobiles
Tata Motors to develop new fuel-efficient engines for trucks (Economic Times)
Ashok Leyland bags Rs1.25bn vehicle supply order from VRL (Economic Times)
No. of bikes bought by women in India rises 40% in 2010 (Economic Times)
Munjals to buy out Honda’s stake for $1bn (Economic Times)
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