17 March 2011

RBS: News headlines -India Morning Meeting Notes | 17 M arch 2011

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News headlines
Oil & Gas
􀀟 Cairn, Vedanta may extend April 15 deadline for deal (Economic Times)
􀀟 Oil above $98 amid Mideast clashes, Japan crisis (Economic Times)
􀀟 Reliance Inds margins may rise after Japan quake – Emkay (Economic Times)
􀀟 India seeks 36% hike in oil supplies from Nigeria (Economic Times)
􀀟 Essar eyes Shell's stake in 4 Nigerian oil fields (Economic Times)
Banks
􀀟 HDFC sole Indian firm among world's most ethical companies (Economic Times)
􀀟 SKS Microfinance to explore banks for funds (Economic Times)
􀀟 Banking Licence norms still some time away as panel to look into RBI draft (Economic Times)
Pharma
􀀟 Wockhardt, Biocon allowed to raise Insulin prices by 18% (Economic Times)
􀀟 Hindustan Antibiotics to invest Rs4mn to double IVF capacity (Economic Times)
􀀟 India makes strong pitch for pharma exports to China (Economic Times)
Commodity
􀀟 Hind Zinc pays Rs9.95bn as advance tax (Economic Times)
􀀟 Cairn head says sees Vedanta deal done by April 15 (Economic Times)
􀀟 Tata Steel plans Rs15bn perpetual bond sale (Business Standard)
Consumer
􀀟 Jyothy Lab acquires 15% stake in Henkel (Economic Times)
􀀟 P&G cuts sanitary napkins, diapers prices (Economic Times)
􀀟 Nestle to selectively hike price and cut weight of chocolates (Economic Times)
􀀟 High amount of lead in Indian paints: Scindia (Economic Times)
Retail/ Real Estate
􀀟 Parsvnath Developers to sell stake in SPV to PE fund for over Rs1bn-1.5bn (Economic
Times)
IT & Telecom
􀀟 Telecom: Lower penetration may affect new services (Economic Times)
􀀟 Security agencies unsatisfied with RIM's interception solution (Economic Times)
􀀟 Vodafone launches 3G services in Uttar Pradesh (Economic Times)
􀀟 Spectrum burden not more than 1% of revenue: Trai (Economic Times)
􀀟 Idea, BSNL, Etisalat subscribers face maximum call drops: Govt (Economic Times)
􀀟 Telecom gear makers to feel Japan supply squeeze (Economic Times)
􀀟 GPS systems increasingly vulnerable to jamming (Economic Times)
Power, engineering & infrastructure
􀀟 Coal India negotiating long-term contracts to rein in price volatility (Economic Times)
􀀟 Orissa blames Centre for rising cost of thermal power, to become power surplus by 2012
(Economic Times)
􀀟 GEI Industrial wins Rs450mn orders (Economic Times)
􀀟 GMR, GVK, JSW in race for Rs30bn Tadadi port (Business Standard)

􀀟 Siemens ups presence in Metro rail projects (Business Standard)
Automobiles
􀀟 BMW raises capacity at Chennai unit (Economic Times)
􀀟 Hero's new identity costs Rs1bn; new name and logo on products (Economic Times)
􀀟 TVS plans India's cheapest motorcycle (Business Standard)
􀀟 Hero Honda promoters raise Rs2bn by pledging shares (Business Standard)
􀀟 Toyota Kirloskar will invest Rs3bn to ramp up production (Business Standard)

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