28 March 2011

The Royal Bank of Scotland (RBS) India Morning Meeting Notes | 28 March 2011

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News headlines
Oil & Gas
ONGC Finds 5 CBM Blocks commercially unviable (Economic Times)
Air India bills: Govt asks oil companies to defer deadline by a month (Economic Times)
Reliance Industries unit at Jamnagar restarted (Economic Times)
Essar Energy out of race for four Shell properties in Nigeria (Economic Times)
Fernas to complete IOCL pipeline work by July 2012 (Economic Times)
Banks
UCO Bank eyeing expansion of presence in overseas market (Economic Times)
Union Bank plans entry into wealth management business (Economic Times)
Bank fined Rs 1L for not complying with RBI guidelines (Economic Times)
Commodity
Jindals, Reddys may jointly bid for Hancock's assets (Economic Times)
NMDC may decide ore prices for domestic users by mid April (Economic Times)
Nothing wrong with Orissa project, let the govt probe: Jindal (Economic Times)
SAIL, RINL emit more CO2 than rivals while producing steel (Economic Times)
Coking coal price will fall further: SAIL Chairman (Economic Times)
No irregularity or deviation from process of sub-leasing: Tata (Economic Times)
Steel Ministry asks MOIL to jack up capacity to 1.5mn tonnes by FY'16 (Economic Times)
Tata Steel transfers Teeside plant reins to Sahaviriya Steel (Economic Times)
Consumer
Perfume fair organized in Delhi (Economic Times)
Dabur to expand oral care range, ropes in Bipasha for Meswak (Economic Times)
Cargill to buy Marico's Sweekar brand for Rs 600mn (Economic Times)
New products, capex to help sustain growth (Economic Times)
Retail/ Real Estate
Mumbai realty robust despite small fall in flat sales in Feb (Economic Times)
IT & Telecom
TCS, Infosys, Wipro, HCL eye double-digit growth (Economic Times)
IGate's offer for Patni may get nod on Monday  (Economic Times)
Telecom Min aiming for broadband in 500,000 villages in 18 months (Economic Times)
Bharti faces Rs269.2mn penalty for violation of norms in J&K (Economic Times)
Unitech, Telenor at loggerheads over Uninor rights issue (Economic Times)
TDSAT stays BSNL's demand of Rs2bn on RComm (Economic Times)
Power, engineering & infrastructure
Australia's Thiess, Singareni vying for $3bn NTPC contracts (Economic Times)
SJVN to set up wind power project; to invest Rs3bn (Economic Times)
Earth Hour: Delhi switches off lights, saves 296MW power (Economic Times)
Power generation figures were unrealistic, says Montek (Economic Times)
Three PSUs target to generate 2,60,400 MU power in 2011-12 (Economic Times)
L&T plans to sell stake in some less-than-equal JVs (Business Standard)

Automobiles
Automakers face paint shortage after Japan quake (Economic Times)
General Motors India may cut down number of employees if strike continues (Economic
Times)
Audi launches sports car R8 Spyder (Economic Times)
BMW aims to sell 60k units in India by 2020; launches 6 Series (Economic Times)
Tata Motors first Indian co to make Rs100,000 commercial vehicles (Economic Times)


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