21 March 2011

News Headlines -RBS : March 21, 2011

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News headlines
Oil & Gas
􀀟 ONGC row should not spoil Vedanta deal: FinMin (Economic Times)
􀀟 Under-recoveries of OMCs may go up to Rs980bn (Economic Times)
􀀟 Finmin gives Rs210bn subsidy support to Oilcos (Economic Times)
􀀟 Gas output in KG fields down 13%, RIL hopes UK's BP can fix it (Economic Times)
􀀟 Reliance Industries says output figure reports provisional (Economic Times)

Banks
􀀟 Union Bank Of India seeks to operate in Australia, Belgium (Economic Times)
􀀟 Govt mulls empowering RBI before bank licences to Pvt sector (Business Standard)
􀀟 Car loan rates may rise in April (Economic Times)
Pharma
􀀟 Eli Lilly ‘Very Much Opposed’ to Merger With Another Peer, Says CEO (Economic Times)
􀀟 Health ministry bans Tegaserod & Gatifloxacin (Economic Times)
􀀟 Government likely to bring cancer drugs under price control (Economic Times)
Commodity
􀀟 Supreme Court denies relief to Nirma cement plant (Economic Times)
􀀟 Iron ore prices to drop for first time in five years (Economic Times)
􀀟 Production cuts in Japan to pull down iron ore prices (Economic Times)
􀀟 CIL production to stay flat in FY'11, profits to rise (Economic Times)
􀀟 Tata Steel raises Rs15bn through maiden hybrid securities (Economic Times)
􀀟 SAIL, Essar Steel deny charges of cartelisation (Economic Times)
Consumer
􀀟 Elder Health Care to build own brands, bets big on deodorants (Economic Times)
􀀟 P&G cuts hygiene products' price, rivals blink (Business Standard)
Retail/ Real Estate
􀀟 Lower stamp duties can check corruption in real estate: PM (Economic Times)
IT & Telecom
􀀟 Capgemini leads race for Headstrong buyout, deal pegged at $500mn (Economic Times)
􀀟 Govt can mop up Rs858bn by selling 50% of defence airwaves (Economic Times)
􀀟 Etisalat hangs up on Zain bid (Economic Times)
􀀟 Govt likely to drop plans to bar foreign vendors for telecom gear (Economic Times)
􀀟 Consumers prefer GSM players to CDMA service providers: COAI (Economic Times)
􀀟 ATC not eyeing Reliance Communication's tower asset (Economic Times)
􀀟 RCom adds 3.3mn subscribers in Feb (Economic Times)
􀀟 Vodafone hints at paying $2bn tax on Hutchison deal (Economic Times)
Power, engineering & infrastructure
􀀟 India can’t turn its back on N-Power, says Jairam (Economic Times)
􀀟 Govt earmarks Rs15bn for solar projects (Economic Times)
􀀟 Reliance Power gets 5 hydel projects in Himachal Pradesh (Economic Times)


􀀟 No compulsion to sign agreement with Areva: NPCIL (Economic Times)
􀀟 Sundaram Fasteners to spend Rs2bn in FY12 (Economic Times)
Automobiles
􀀟 Hindustan Motors to give Ambassador a complete makeover (Economic Times)
􀀟 Hyundai recalls 190,000 cars in US: Report (Economic Times)
􀀟 Tata to hike car price from April; Maruti, Hyundai may follow suit (Economic Times)
􀀟 Tata Motors to hike prices of passenger vehicles by up to Rs36,000 (Economic Times)
􀀟 Honda not sure when Japan plants will return to normal: WSJ (Economic Times)
􀀟 Rate hike will affect demand, say auto cos (Economic Times)

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