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09 March 2011

The Royal Bank of Scotland: India Morning Meeting Notes | 9 Ma rch 2011

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News headlines
Oil & Gas
􀀟 BPCL eyes 50% more Saudi oil in FY12: Source (Economic Times)
􀀟 Now, Cairn-Vedanta deal hinges on ONGC approval (Economic Times)
􀀟 No royalty relief likely for Cairn-Vedanta deal (Business Standard)
􀀟 RIL gets Sebi notice for alleged breach of norms (Business Standard)
Banks
􀀟 I-T Department investigating Citibank fraud case (Economic Times)
􀀟 BoI raises fixed deposit rates by up to 75 basis points (Economic Times)
􀀟 SBBJ to launch 'Bank on Bike' for financial inclusion (Economic Times)
Commodity
􀀟 Orissa moves SC against Centre in Vedanta’s mining ban (Economic Times)
􀀟 Coal India to get Environment Ministry's clearance for 7 projects soon (Economic Times)
􀀟 Vedanta says it needs 1mn T coal in 2011 (Economic Times)
􀀟 613 families to be displaced for Posco project: Govt (Economic Times)
􀀟 JSW finalises Rs23bn of foreign loans for Bellary expansion (Business Standard)
Consumer
􀀟 Unilever Chief Paul Polman on India recce, to offset sluggish growth in West (Economic
Times)
􀀟 More acquisitions to touch Rs50bn turnover by FY12: Dabur (Economic Times)
􀀟 'India will be key to Unilever's strategy to double turnover' (Business Standard)
IT & Telecom
􀀟 No pressure to scuttle 2G scam probe, says ED (Economic Times)
􀀟 Kapil Sibal's attempt at sorting rift between telcos on airwaves fails (Economic Times)
􀀟 3G connections to hit 400mn within four years in India: Study (Economic Times)
􀀟 Bharti Airtel bags six lakh 3G subscribers (Economic Times)
􀀟 All BlackBerry type messenger services under DOT scan (Economic Times)
􀀟 Android tops BlackBerry in US: comScore (Economic Times)
􀀟 Sony buys ball-tracking firm Hawk-Eye (Economic Times)
􀀟 Mahindra Group signs strategic alliance with Cisco Systems (Economic Times)
Power, engineering & infrastructure
􀀟 Production from Coal India's 46 projects delayed: Patil (Economic Times)
􀀟 GMR planning 420 MW plant for IGI airport (Economic Times)
􀀟 KBL manufactures largest Pump for BHEL (Business Standard)
Automobiles
􀀟 Hero Group arranges funds to acquire Hero Honda stakes (Economic Times)
􀀟 Hero to buy Honda stake for Rs740 per share (Economic Times)
􀀟 Hero to buy out Honda stake in Indian JV for $851mn (Economic Times)

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