11 February 2011

News headlines -The Royal Bank of Scotland :11 February 2011

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News headlines 
Oil & Gas
ONGC says its approval not needed for Cairn deal (Economic Times)
Cairn opposes change in India royalty payment terms (Economic Times)
Govt will save $2bn if Rajasthan royalty cost-recoverable: ONGC (Economic Times)
Saudi oil stock exaggerated by 40%: WikiLeaks (Economic Times)

Banks
Govt to roll out banking services in 20K villages this fiscal (Economic Times)
SBI raises Rs15bn via foreign bond issue (Economic Times)
ATM major NCR launches four new high-tech machines (Economic Times)
Pharma
Panacea Biotec to launch breast cancer drug (Economic Times)
Budget 2011: FIEO for extension of weighted deduction to expenditure incurred on clinical
trials (Economic Times)
Commodity
Mining scam: Irregularities found in export of iron ore (Economic Times)
Budget 2011: FIEO demands import duty on pig iron be reverted to nil (Economic Times)
SAIL gets clearance for mining Chiria reserves (Economic Times)
SAIL to invest Rs50bn to develop Chiria iron ore mines (Economic Times)
Consumer
FMCG cos make packaging changes to cut cost (Economic Times)
Johnson & Johnson launches nicotine gum in India (Economic Times)
Budget 2011: FIEO demands exemption of import duty of filter paper for tea bags (Economic
Times)
Retail/ Real Estate
DB Realty may find bank loans drying up (Economic Times)
IT & Telecom
Patil panel indicts 50 telecom dept officials (Economic Times)
Trai: 2G spectrum given away at '01 prices (Economic Times)
UBS to value Essar's stake in Vodafone (Economic Times)
TRAI recommendations on 2G arbitrary: Idea Cellular (Economic Times)
Future Group aims Rs2-3bn from telecom venture 'T24' (Economic Times)
Bharti, Idea get advantage due to policy lapses: Patil panel (Economic Times)
Mphasis looks for buys in banking, insurance segments (Economic Times)
Mid-tier IT cos still away from billion $ mark; iGate, Patni show hope (Economic Times)
Power, engineering & infrastructure
Haldia Energy in talks with PE funds (Economic Times)
Lanco to invest Rs30bn in solar photovoltaic unit (Economic Times)
Coal, Power Min seek Cabinet help to resolve NTPC project issue (Economic Times)
BGR Energy current order book at Rs93.17bn (Economic Times)
L&T in pact with EADS arm (Economic Times)

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