08 December 2010

RBS:News headlines:: 8 December 2010

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News headlines 

Oil & Gas
Auto fuels set to cost Rs2/l more as crude hits US$90 (Economic Times)

 Oil PSUs start ethanol blending in 14 states (Economic Times)

Cairn deal will hinge on pre-conditions being met by Vedanta (Economic Times)


Banks
Fitch downgrades ING Vysya, cites limited parental support (Economic Times)
Yes Bank enters into strategic partnership with National Collateral Management Services
Limited (Economic Times)
Banks within rights to levy foreclosure penalty: CCI (Economic Times)

Commodity
SC notices to 3 parties in Posco case (Economic Times)
Centre should stop iron ore exports: Essar Steel CEO (Business Line)
Jindal Steel starts trial production at Oman facility (Business Line)

Consumer
Energy Drinks targets 30% market share by 2012 (Economic Times)
SC bans sale of gutkha in plastic pouches from March 2011 (Economic Times)

Retail/Real Estate
Court stays build-ban order on Lavasa (Business Line)

IT & Telecom
Trai to soon float consultation paper on value added services (Economic Times)
Trai targets 100m broadband subscribers by 2014 (Economic Times)
Facebook won't block Wikileaks page for now (Economic Times)
HCL Infosystems to set up R&D centre in Technopark (Business Line)
Wipro bags Vodafone Essar order (Business Line)

Power, engineering & infrastructure
CESC to start hydel power project (Economic Times)
Lodha repays part of Deutsche Bank debt (Economic Times)
HC stays MoEF order on Lavasa (Economic Times)
BEML hires IIM (B) to become Rs100bn company (Economic Times)
L&T Power's order book at Rs300bn (Business Line)
Hindustan Construction ties up with French major Vinci (Business Line)

Automobiles
Volkswagen says huge demand for Polo, Vento (Economic Times)
Ford, Volkswagen eye North India to set up new facilities (Business Line)

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