24 January 2011

Royal Bank of Scotland: News headlines: Jan/24/11

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News headlines
Oil & Gas
􀀟 Reliance Industries hits bureaucratic wall; complains to Oil Secretary (Economic Times)
􀀟 ONGC's West offshore oil output down 6.3% after leak (Economic Times)
􀀟 ONGC forces Cairn to cap oil prod from Raj oilfields: DGH (Economic Times)

Banks
􀀟 Dhanlaxmi Bank to raise Rs10bn, 1st tranche likely in May (Economic Times)
􀀟 IOB plans to increase bank branches to 3,000 by next FY (Economic Times)
􀀟 RBI promises parity if foreign banks form arms (Economic Times)
Pharma
􀀟 Natco may seek compulsory licence for Bayer's cancer drug (Economic Times)
􀀟 Wockhardt gets USFDA approval to market generic Protonix (Economic Times)
Commodity
􀀟 CIL arm to open seven new underground mines in Jharkhand (Economic Times)
􀀟 Protesters halt BALCO's bauxite shipment (Economic Times)
􀀟 India group to decide on Riversdale bid on Jan 27 (Economic Times)
􀀟 Orissa stops operations at 23 iron ore mines (Economic Times)
􀀟 South Korea awaits Posco fate: Kim Jong-Hoon (Economic Times)
􀀟 NMDC to set Rs100bn steel plant, to declare JV partner by March (Economic Times)
Consumer
􀀟 Modicare enters premium skin care market (Economic Times)
􀀟 Godrej Consumer to hike soap prices on high costs (Economic Times)
Retail/ Real Estate
􀀟 Housing price may fall in Delhi, Mumbai if interest rates rise (Economic Times)
IT & Telecom
􀀟 Vodafone-Essar spat: British firm rejects Essar's allegation (Economic Times)
􀀟 Bharti Airtel to launch 3G services within a week (Economic Times)
􀀟 BSNL to expand 3G footprint (Economic Times)
􀀟 IMImobile launches unique service (Economic Times)
􀀟 TDSAT asks Videocon to pay 60% penalty; admits case against DoT (Economic Times)
Power, engineering & infrastructure
􀀟 UK's Churchill Mining in talks with Indian power cos to sell asset (Economic Times)
􀀟 R-Power to save Rs65bn by Sasan project overseas loans (Economic Times)
􀀟 Toshiba to start production of turbine generators in July (Economic Times)
􀀟 C&C Constructions to raise Rs4.5bn to fund highways projects (Economic Times)
Automobiles
􀀟 Ford India to export Figo to 48 countries this year (Economic Times)
􀀟 Cars become costlier as Maruti, Hyundai, GM hike prices (Economic Times)
􀀟 Hyundai proposes Rs15bn investment in Tamil Nadu (Economic Times)
􀀟 Eicher mulls greenfield facility for Bullets, other two-wheelers (Economic Times)

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