18 March 2011

RBS, India Morning Meeting Notes | 18 March 2011

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News headlines
Oil & Gas
􀀟 HPCL to add new facilities at Vizag Refinery (Economic Times)
􀀟 IOC losing Rs2.38bn a day on fuel sale (Economic Times)
􀀟 GAIL to swap Reliance gas with imported LNG (Economic Times)
􀀟 IOC cancels April 1-3 diesel tender (Economic Times)

Banks
􀀟 HDFC Bank sees another rate hike in May (Economic Times)
􀀟 12 more banks to offer IMPS by March-end (Economic Times)
Pharma
􀀟 Guj FDCA acts to stop mfg of banned drugs (Business Standard)
Commodity
􀀟 Cement: Rate hikes may affect demand from key users (Economic Times)
􀀟 NALCO cuts domestic aluminium price (Economic Times)
􀀟 Monnet Ispat close to acquiring Indonesian coal mine (Economic Times)
􀀟 Vedanta Resources mines operated illegally in Goa: Minister (Economic Times)
Consumer
􀀟 Jubilant FoodWorks plans to diversify into non-food business (Economic Times)
􀀟 Jyothy Labs eyeing controlling stake in Henkel India (Economic Times)
IT & Telecom
􀀟 Vodafone hints at paying $2bn tax on Hutchison deal (Economic Times)
􀀟 Bharti Airtel may buy Qualcomm's BWA biz (Economic Times)
􀀟 GSM telcos add 14.69mn new users in Feb: COAI (Economic Times)
􀀟 Reliance Communications gets Rs30bn as first tranche from China Development
Bank (Economic Times)
􀀟 SC reserves order on 2G licence cancelling (Economic Times)
􀀟 MTS India slashes calling rates to Japan to Rs 1.99 per min (Economic Times)
􀀟 Bharti Airtel adds 3.2mn mobile users in Feb: COAI (Economic Times)
Power, engineering & infrastructure
􀀟 3 Indian cos in race to bid for Bandanna Energy's coal assets (Economic Times)
􀀟 Mahagenco to invest Rs 500bn to double gen capacity over 5yrs (Economic Times)
􀀟 Reliance Infra gets $1.6bn power plant order (Economic Times)
􀀟 Narora Atomic plant can withstand quakes: NPCIL (Economic Times)
􀀟 IVRCL bags orders worth Rs5.65bn (Business Standard)


Automobiles
􀀟 Mahindra & Mahindra to develop Ssangyong brand (Economic Times)
􀀟 GM faces labour unrest again, indefinite strike at Halol Plant (Economic Times)
􀀟 Sonalika plans two assembly lines in Africa; to double revenue (Economic Times)
􀀟 Toyota, Nissan reopen plants in Japan (Economic Times)

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