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25 March 2011

RBS: India Morning Meeting Notes | 25 M arch 2011

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News headlines
Oil & Gas
􀀟 GAIL aims transmitting 118.2mcm gas per day in 2011-12 (Economic Times)
􀀟 CAG raps OVL for Rs 23bn loss due to improper evaluation (Economic Times)
􀀟 No immediate plans to raise fuel prices: Reuters (Economic Times)
􀀟 ONGC seeks Cairn's approval for KG basin discoveries (Economic Times)
Banks
􀀟 Kotak Mahindra Bank launches interbank mobile payment service (Economic Times)
􀀟 Axis Bank undershoots farm lending, to refocus (Business Standard)
􀀟 Punjab National Bank to issue 1.51m shares to govt (Business Standard)
Commodity
􀀟 Projects below 200 MW not to get coal supply from govt (Economic Times)
􀀟 Karnataka opposes govt’s decision to approve Ramgad mining project (Economic Times)
􀀟 JSW Steel launches new Pragati range of sheets in West Bengal (Economic Times)
􀀟 Bhilai Steel Plant bags Sri Lankan rail orders (Business Standard)
􀀟 Orissa steel, mines dept allows transport of coal by GMDC (Business Standard)
Consumer
􀀟 Emami funding entire cost of a song that will mention brand (Economic Times)
􀀟 Johnny Walker make way, Bourbon will be here soon (Economic Times)
􀀟 Coca-Cola set to take plunge in juice market (Economic Times)
􀀟 Godrej's Kiwi brand licence terminated (Business Standard)
IT & Telecom
􀀟 TCS bags Chinese bank contract (Economic Times)
􀀟 Mobile operator S Tel's Rs9.53bn loan in trouble (Economic Times)
􀀟 Telecom infra and manufacturing recommendations next week: TRAI (Economic Times)
􀀟 DoT response to demerger of surplus land still awaited: Tata Communications (Economic
Times)
􀀟 DoT to send notices for 20 more licence cancellations to telcos (Economic Times)
􀀟 Parliamentary panel to examine Antrix-Devas deal (Economic Times)
Power, engineering & infrastructure
􀀟 ABB Ltd bags $900mn order from PowerGrid (Economic Times)
􀀟 Foreign companies eye clean technology projects in India (Economic Times)
􀀟 NLC's Rs3.12bn wind power project to go on stream next year (Economic Times)
􀀟 BHEL, ABB Ltd consortium wins contract from PowerGrid Corp (Economic Times)
􀀟 International banks keen to fund Jaitapur project: NPCIL (Economic Times)
􀀟 Auction of Bedabahal power project deferred again (Economic Times)
􀀟 R-Power to raise Rs70bn debt for gas-based Samalkot unit (Economic Times)
Automobiles
􀀟 Mercedes to step up price war with A and B Class (Economic Times)
􀀟 Maserati to make India debut in April (Economic Times)
􀀟 GM to start two shifts at halol plant from today (Business Standard)

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