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24 February 2011

News headlines : RBS -Feb 24, 2011

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News headlines
Oil & Gas
􀀟 RIL-BP tie-up set to double D-6 output (Economic Times)
􀀟 Budget 2011: Oil ministry wants duty cut on crude oil and petroleum products (Economic
Times)
􀀟 ONGC may file draft prospectus for its share sale this week (Economic Times)
􀀟 Investors cheer RIL-BP deal; seek clarity on tax, fund use (Economic Times)

Banks
􀀟 RBI may give its nod for FIIs to invest in CDS (Economic Times)
􀀟 ICICI, HDFC Bank hike lending rates by up to 50 bps (Economic Times)
􀀟 KMBL launches 300th branch, plans 500 by 2012 (Economic Times)
􀀟 Budget 2011: Allow banks to raise money through infra bonds; says P Sitaram, CFO, IDBI
Bank (Economic Times)
􀀟 No blanket nod sought for merging five subs with SBI: Bhatt (Economic Times)
Pharma
􀀟 Ranbaxy to repay $550mn to FCCB holders (Economic Times)
􀀟 Looking into takeovers of Indian pharma firms by MNCs: Govt (Economic Times)
Commodity
􀀟 NALCO to miss FY11 alumina production target (Economic Times)
􀀟 CIL chief rues poor safety standards at mines (Economic Times)
􀀟 Hindalco declares lock-out at India Alupuram plant (Economic Times)
􀀟 SAIL inks pact with Afripalm for $ 2.94bn plant in SA: Report (Economic Times)
􀀟 Tata Steel says no decision yet on Riversdale (Economic Times)
􀀟 Jindal SAW, JSL may jointly eye Shah Alloys (Economic Times)
Consumer
􀀟 Jubilant Foodworks may tie up with Dunkin' Donuts (Economic Times)
􀀟 Budget 2011: Tea industry seeks continuation of orthodox subsidy scheme (Economic Times)
Retail/ Real Estate
􀀟 Tatas to set up Rs10bn housing projects in Punjab, HP (Economic Times)
IT & Telecom
􀀟 TRAI suggests 2014 as deadline for digital TV signals (Economic Times)
􀀟 Budget 2011: Telecom lobbies for rationalisation of taxes in budget (Economic Times)
􀀟 Stakes of RCom, Essar within permissible limit: Swan & Loop (Economic Times)
􀀟 Action recommended to govt against erring cos: TRAI to SC (Economic Times)
􀀟 Vodafone Essar to roll-out its 3G services by this fiscal end (Economic Times)
􀀟 Bharti Airtel, other telcos launch Europe-India gateway cable (Economic Times)
􀀟 Govt sets up Pitroda panel to find CMD for BSNL (Economic Times)
􀀟 Zen Mobile eyes doubling its market share, revenue by end-2011 (Economic Times)

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