04 February 2011

The Royal Bank of Scotland -News headlines: 4 February 2011

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News headlines
Oil & Gas
􀀟 Two forged letters keep ONGC headless (Economic Times)
􀀟 Vedanta to call off deal if Cairn India tweaks royalty pact (Economic Times)
􀀟 Reliance Industries hires advisors to explore Atlas options (Economic Times)

Banks
􀀟 Banks playing liquidity arbitrage with investments (Economic Times)
􀀟 Kerala HC gives nod for Islamic banking concept (Economic Times)
􀀟 BoB, Andhra, Union Bank raise base rates (Business Standard)
Pharma
􀀟 Sun Pharma gets US FDA nod to sell generic Alzheimer's disease drug (Economic Times)
Commodity
􀀟 India state group, ICVL, eyes overseas coal buys (Economic Times)
􀀟 Nippon, Sumitomo to create 2nd biggest steelmaker (Business Standard)
􀀟 Mega steelmakers' merger to have major impact on Indian firms (Business Standard)
Consumer
􀀟 Indian FMCG companies temporarily hit by Egypt crisis (Economic Times)
􀀟 Egypt crisis: Marico, Asian Paints, Dabur temporarily suspend operations (Economic Times)
􀀟 Ravi Jaipuria's RJ Corp to bottle Pepsi in Morocco (Economic Times)
􀀟 Cigarette cos get reprieve on use of aluminium foil (Economic Times)
IT & Telecom
􀀟 Ex-telecom secy Behura ready to spill beans on spectrum scam (Economic Times)
􀀟 Bharti shows early signs of success with Africa ops (Economic Times)
􀀟 Digitised cable system by March next year (Economic Times)
􀀟 RBI Governor appears before PAC on 2G spectrum scam (Economic Times)
􀀟 Never sold shares; eligible to get licence: Unitech (Economic Times)
􀀟 Vodafone contests Rs110bn tax claim on Hutchison deal (Economic Times)
􀀟 Oracle Financial says Irish client files lawsuit (Economic Times)
Power, engineering & infrastructure
􀀟 NTPC not to open bid after HC intervention (Economic Times)
􀀟 Jain Irrigation in advanced talks to sell 30% in NBFC (Economic Times)
􀀟 BHEL unit likely to achieve over Rs127.5bn turnover (Economic Times)
Automobiles
􀀟 India may become 4th largest auto player by 2015 (Economic Times)
􀀟 High road tax to hit car sales: Maruti (Economic Times)
􀀟 Maruti sees drop in demand for auto sector in FY12 (Economic Times)
􀀟 Ashok Leyland Jan sales slip to 7,711 units (Economic Times)

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