Royal Bank of Scotland: News Headlines -by RBS, 21 December 2010

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News headlines
Oil & Gas
ONGC: Subsidy burden to leave co poorer by Rs14bn (Economic Times)
Reliance Industries plans to shut 200,000 bpd FCC: Sources (Economic Times)
RIL's D-1, D-3 fields to hit 80 mmscmd peak output in 2012-13 (Economic Times)
OMCs see their losses on diesel sales widen to Rs6.08 pr/ltr (Economic Times)

Banks
All villages to get access to banking in next 5 yrs: RBI (Economic Times)
Union Bank of India revises lending, deposit rates (Economic Times)

Pharma
Ranbaxy’s South African JV bags Rs6.03bn order (Economic Times)
Glenmark gets USFDA nod for anti-hypertension drug (Economic Times)

Commodity
CIL may revise offer for Drummond assets (Economic Times)
Low liability in India makes an investment in CIL safe (Economic Times)
CIL told to scout mines abroad to bridge coal deficit (Economic Times)
JSW close to buying 45% in Ispat Industries for Rs21.57bn (Economic Times)

Consumer
Johnson & Johnson launches nicotine gum in India (Economic Times)
Coca-Cola plans consolidation (Economic Times)
Tatas buy UK's largest manufacturer of salt (Economic Times)

Retail/Real Estate
PEs bet big on realty as cos run short of capital (Economic Times)

IT & Telecom
Sibal to meet Tata, Mittal, Ambani on telecom issues (Economic Times)
Telcos face 3G ban, failing real-time test (Economic Times)
Bharti to hold 97% stake in Zambia unit: Data (Economic Times)
2G scam: Sibal to meet Ambani, Mittal, Birla and others in next 3 days (Economic Times)
Govt asks TTSL, RCom, others to stop launch of 3G services (Economic Times)

Power, engineering & infrastructure
Pipavav Shipyard moves HC against ONGC (Economic Times)
RInfra upgrades suburban power distribution system (Economic Times)
HC dismisses Emaar MGF plea against bank guarantee encashment (Economic Times)
Lanco Infratech targets 300 MW solar power in 2 years (Economic Times)
Unity Infraprojects gets 3 projects worth Rs2bn (Economic Times)

Automobiles
Maruti's fully made in India car to hit roads by 2012 (Economic Times)
Launch of new editions of Jetta, Passat in India next year: VW (Economic Times)
Nissan unveils new sedan for India, to launch in 2011 (Economic Times)