31 March 2011

India Morning Meeting Notes | 31 M arch 2011 :: RBS

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News headlines
Oil & Gas
􀀟 'ONGC's consent needed in Cairn-Vedanta deal' (Economic Times)
􀀟 Lower D6 output may choke gas supply to steel firms, refineries (Business Standard)
􀀟 Ministry nod to BP-RIL deal shortly (Live Mint)
Banks
􀀟 HDFC Bank opens 275 branches this fiscal (Economic Times)
􀀟 Bhatt takes on RBI, says it never understood SBI teaser loans (Economic Times)
􀀟 OBC gets Rs17.4bn from centre (Business Standard)
􀀟 SBI to manage EPFO's Rs3,000bn fund until June 30 (Business Standard)
􀀟 Axis Bank to open 22 branches in TN (Business Standard)
􀀟 Banks in AP fall short of credit targets (Business Standard)
Pharma
􀀟 Aurobindo gets USFDA nod to market Galantamine tablets (Economic Times)
􀀟 Dr Reddy's acquires GSK's US penicillin facility (Economic Times)
􀀟 EU countries clear water for Indian pharma firms to anchor (Business Standard)
􀀟 Intas Pharma plans expansion of manufacturing facilities (Business Standard)
Commodity
􀀟 Government to award small coal blocks to companies of host states (Economic Times)
􀀟 Nalco may hike aluminium prices by Rs2,000-3,000/tonne in April (Economic Times)
􀀟 Sebi clears Sesa Goa open offer for Cairn India (Economic Times)
􀀟 Hindalco’s Aditya Aluminium to raise Rs 80bn, Mahan closes fund raising (Economic Times)
Consumer
􀀟 Ice cream set to cost more on higher tax (Economic Times)
Retail/ Real Estate
􀀟 Citibank India set to seal Rs10bn office deal in Mumbai (Economic Times)
IT & Telecom
􀀟 Stuxnet attack fear pushes government to check IT network (Economic Times)
􀀟 Microsoft working on new software for mobile payments (Economic Times)
􀀟 Cognizant poses challenge to Infosys, TCS in retail (Economic Times)
􀀟 iGate open offer for Patni Computer Systems shares to start April 8 (Economic Times)
􀀟 Broadband policy to be sent to cabinet soon (Economic Times)
􀀟 Armed forces object to spectrum allocation plan (Economic Times)
􀀟 TRAI to bring out paper on mobile VAS in April (Economic Times)
􀀟 Concerned about security related allegations: Etisalat (Economic Times)
􀀟 Sistema Shyam allots shares to Russian govt (Business Standard)

Power, engineering & infrastructure
􀀟 Govt plans Rs100,000 per day fine for missing energy saving target (Economic Times)
􀀟 Fernas Construction India bags Rs3bn order for IOC pipeline project (Economic Times)
􀀟 Engineering exports cross $50bn mark in April-February (Economic Times)
􀀟 BHEL bags Rs54.5bn order from Bajaj group company (Economic Times)
􀀟 Power tariff hiked in Andhra Pradesh (Business Standard)
􀀟 THDC commissions Koteshwar dam (Business Standard)
Automobiles
􀀟 Japan calamity unlikely to impact India’s auto production (IBN Live)
􀀟 Auto cos hit as Maha rolls back tax sop (Times of India)
􀀟 Auto Expo – 2011 from April 8 (Times of India)

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