Royal Bank of Scotland: News headlines : 7 January 2011

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News headlines 
Oil & Gas
Oil firms' woes mount as inflation worries weigh (Economic Times)
IOC losing Rs1.51bn per day on selling fuel below cost (Economic Times)
India seeks clean coal technologies from South Africa (Economic Times)
Banks
RBI may need to raise rates to tame inflation: IMF (Business Standard)
Merger of more associate banks unlikely in 2011: SBI source (Business Standard)

Pharma
Merck, Ranbaxy drug development deal called off (Economic Times)
Commodity
Overcapacity to exert further pressure on cement prices: Fitch (Economic Times)
Tata, partner to hold 100% in African unit (Economic Times)
Riversdale, Tata to own Mozambique power plant (Economic Times)
Sail in talks with Japanese firms for technology (Business Standard)
Consumer
Consumption growth to spawn many M&As in the FMCG space (Economic Times)
Hindustan Unilever aims for significant market share in 2011 (Economic Times)
Rethink ban on onion exports, India to Pakistan (Economic Times)
Retail/ Real Estate
Unitech promoters infuse Rs3.8bn to hike stake (Economic Times)
IT & Telecom
SBI seeks cash from Vodafone for guarantee (Economic Times)
RIM seeks two years to address security concerns (Economic Times)
BlackBerry seeks up to 2 yrs to offer interception solution (Economic Times)
Microsoft developing Windows for phone chips (Economic Times)
Power, Engineering & Infrastructure
Riversdale, Tata to own Mozambique power plant (Economic Times)
Suzlon bags Rs8.65bn order from Hindustan Zinc (Economic Times)
NTPC eyes Maldives for setting up solar power projects (Economic Times)
Govt approves new policy for power allocation of CPSEs (Economic Times)
BSEB sign agreements with NTPC & KRIBHCO  (Economic Times)
L&T's construction division bags Rs11.81bn order (Economic Times)
BHEL-Alstom, L&T-MHI in final round of NTPC tender (Business Standard)
Automobiles
Maruti to make Dzire shorter and cheaper (Economic Times)
Tata Venture, new multi-purpose vehicle launched in Rajasthan (Economic Times)
Tata Tech to showcase Nano in 'The India Show' in Singapore (Economic Times)