RBS:: News headlines :: December 6, 2010

Visit http://indiaer.blogspot.com/ for complete details �� ��



News headlines
Oil & Gas
Govt nod needed for Vedanta deal, accepts Cairn (Economic Times)
Prior consent of govt, not ONGC, needed for Vedanta deal: Cairn (Economic Times)

Banks
Mixed response from banks on RBI interest rate advice (Economic Times)
Indian Bank plans to raise Rs10bn tier-II capital (Business Line)

Commodity
DBEL to invest Rs25bn to set up two cement plants (Economic Times)
Notices to 4 cos, including Hindalco, Essar JV on coal block (Economic Times)
Vedanta completes acquisition of Skorpion Zinc Mine for US$707m (Economic Times)
Sterlite Industries buys zinc mine in Namibia (Economic Times)
Steel majors eye huge returns in retail, to ramp-up outlets (Economic Times)

Consumer
Dabur rebrands 'Real' juice, eyes Rs7bn from food div (Economic Times)
Parle surges ahead of Britannia to become leader in the Indian biscuit market (Economic
Times)
Retail/Real Estate
Chintels India to invest Rs31m on group housing project (Economic Times)
IT & Telecom
Telcos reject Trai proposal to make tariffs more transparent (Economic Times)
DoT to assess actual revenue loss due to alleged 2G scam: Sibal (Economic Times)
Govt to release more spectrum, notices to errant telcos soon (Economic Times)
BSNL's 3G service now on Apple's iPod (Economic Times)
BlackBerry buys Swedish software developer (Economic Times)
Google to buy anti-piracy firm Widevine (Business Standard)
Power, engineering & infrastructure
Alstom looks to ride India’s infra boom (Economic Times)
Mahindra ties up with Italian co for farm equip (Economic Times)
Approval for 77.8 MW solar PV projects under phase 1 (Business Line)
Automobiles
GM India to hike prices up to 2.5% from January 2011 (Economic Times)
Honda to end motorcycle joint venture in India: Report (Economic Times)
Investors likely to veto Hero-Honda deal terms (Economic Times)