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08 February 2011

The Royal Bank of Scotland: India Morning Meeting Notes : 8 February 201

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News headlines
Oil & Gas
Law ministry's opinion to decide fate of Cairn deal (Economic Times)
Reluctant RIL may be forced to accept Chevron-Atlas deal (Economic Times)
Govt may lose $2bn revenue if ONGC recovers royalty: Cairn (Economic Times)
BPRL announces natural gas discovery in Mozambique (Economic Times)

Banks
Banks now borrow less as liquidity worries ease (Economic Times)
HDFC Bank signs MoU with Indian Army for salary account (Economic Times)
IDBI Bank, DCB hike lending rates (Economic Times)
Pharma
Glenmark achieves positive results for anti-diarrhoea molecule (Economic Times)
First long acting paracetamol pill launched (Economic Times)
Commodity
Decision on granting Maharatna tag to CIL likely tomorrow (Economic Times)
Cairn-Vedanta deal: Scramble to find sol; Oil Sec cancels visit (Economic Times)
JSW Steel's January crude steel production up 9% (Economic Times)
Consumer
Gillette ropes in Arjun Rampal as brand ambassador (Economic Times)
Biscuit maker Parle to focus on snacks category (Economic Times)
Asian Paints re-starts Egypt operations (Economic Times)
Post plastic ban, gutka products to be costly (Economic Times)
Retail/ Real Estate
Cognizant to invest $500mn in real estate in next four years (Economic Times)
IT & Telecom
Delhi HC rejects Etisalat official's plea for early hearing (Economic Times)
Action against telcos unable to re-verify customers (Economic Times)
Reliance Mobile launches WC-related promotional activities (Economic Times)
Bharti to exit rural scheme early, holds infra cos responsible (Economic Times)
TRAI seeks to calculate liability of carriage charge on telcos (Economic Times)
Incentive bonanza for iGate, Patni staff (Economic Times)
Wipro rejigs IT business to simplify structure (Economic Times)
Power, engineering & infrastructure
Suzlon to start payments on Rs100bn debt in April 2012 (Economic Times)
Power futures: HC puts ball in govt’s court (Economic Times)
Power generation of NTPC plant badly hit with goods derailment (Economic Times)
BHEL inks pact with Abengoa for solar power projects (Economic Times)
Maccaferri to invest Rs2bn in 2012-17 period (Economic Times)
Automobiles
Suzuki’s 9-month net up 3-fold on strong Asian sales (Economic Times)
Mercedes sales up by 59% in January (Economic Times)
Mercedes cleared of unfair trade practice charges after 12 yrs (Economic Times)

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