28 January 2011

The Royal Bank of Scotland: India News headlines : 28 January 2011

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News headlines 
Oil & Gas
ONGC hits shale gas at Icchapur (Economic Times)
Deregulation of diesel prices not possible: Reddy (Economic Times)
Cairn India in talks with Petroleum Ministry to resolve issues (Economic Times)

Banks
HSBC helped client hide accounts in India (Economic Times)
StanChart willing to turn arm (Economic Times)
UBI not to increase interest rate (Economic Times)
Pharma
Cipla promoters in sale talks with global firms (Economic Times)
Commodity
ICVL not to place rival bid for Riversdale: C S Verma (Economic Times)
Cairn to sell 51% stake in Indian unit to Vedanta by Apr 15 (Economic Times)
Consumer
Emami to hike product prices by 3-4% from end-Jan (Economic Times)
IT & Telecom
Telecom gear cos seek sops to help local manufacturers (Economic Times)
RComm launches enhanced missed call alerts service (Economic Times)
Plan panel against telecom operators setting up banking cos (Economic Times)
Nokia launches affordable mobile phone targeting youngsters (Economic Times)
RIM says no access to corporate email in India (Economic Times)
HCL inks pact with Lippo Grp, Tonge to provide IT services (Economic Times)
Power, Engineering & Infrastructure
Reliance Power to increase capacity of its mega projects by 50% (Economic Times)
Eight industries to invest Rs300bn to save 10mt of oil equivalent (Economic Times)
Sterlite Tech to develop 765kV transmission system (Economic Times)
L&T looking to exit laggard infotech business (Economic Times)
NTPC-NPCIL joint venture incorporated (Business Line)
Automobiles
GM to double capacity, invest $400mn (Economic Times)
Tata Hispano bags order from Avanza Group for 500 buses (Economic Times)
General Motors launches locally-developed engine Smartech in India (Economic Times)
M&M launches Xylo CRDe in Kerala (Business Line)

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