01 April 2011

1 April 2011: India Morning Meeting Notes:: RBS

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News headlines
Oil & Gas
􀀟 RIL's D6 customers face pro-rata cut due to dwindling supply (Economic Times)
􀀟 IOC may shut Mathura plant in Aug-Sept: Company sources (Economic Times)
Banks
􀀟 ICICI foreign co; its investments subject to FDI norms: Govt (Economic Times)
􀀟 SBI opens 25,000th ATM and 9,000th semi-urban branch (Economic Times)
􀀟 Cheque payments to get costlier from tomorrow (Economic Times)
Pharma
􀀟 Glenmark finds molecule for treating blood cancer (Economic Times)
􀀟 Aurobindo gets USFDA nod for anti-hypertension tablets (Economic Times)
Commodity
􀀟 BAI to set up own plants to deal with rising cement prices (Business Standard)
􀀟 Coal India sets production target at 452 MT for 2011-12 (Business Standard)
􀀟 Iron ore exports likely to decline 50% in March (Business Standard)
􀀟 Orissa to allow Posco to swap iron ore for making better steel (Business Line)
Consumer
􀀟 Nirma told to keep delisting on hold (Economic Times)
􀀟 Q&A: R Sridhar, Hindustan Unilever Ltd (Business Standard)
Retail/ Real Estate
􀀟 Citibank India set to seal Rs10bn office deal in Mumbai (Economic Times)
􀀟 DBS to offer 3,800 affordable housing units in Ahmedabad (Business Standard)
IT & Telecom
􀀟 Mobile VAS to clock Rs550bn in sales by 2015 (Economic Times)
􀀟 Japan's DoCoMo to invest Rs8bn more in Tata Teleservices (Economic Times)
􀀟 Vodafone to pay $5 billion for buying out Essar in India; company could consider IPO in India
(Economic Times)
􀀟 Idea rolls out 3G services in Haryana (Economic Times)
􀀟 Rajasthan formalises tax on mobile towers (Economic Times)
Power, engineering & infrastructure
􀀟 Schneider Electric in talks to buy stake in Luminous (Economic Times)
􀀟 Tata Power's 120MW Jojobera plant begins commercial operation (Economic Times)
􀀟 KEC International [RPG Group] bags orders worth Rs8bn (Economic Times)
􀀟 Welspun Corp bags orders worth Rs11.82bn (Economic Times)
􀀟 Ramky Infra ties up debt of Rs14.4bn for road project (Economic Times)
􀀟 Macquarie SBI Infra invests Rs8.93bn in GMR Airports (Business Standard)
􀀟 KPTL bags orders worth Rs9.5bn
Automobiles
􀀟 Auto cos oppose govt's plan to introduce fuel efficiency standards for passenger cars
(Economic Times)
􀀟 Japan earthquake effect: Honda to temporarily cut production in India (Economic Times)
􀀟 Mahindra & Mahindra to sell Ssangyong SUVs in India, Africa (Economic Times)
􀀟 Auto companies hit as Maharashtra rolls back tax sop (Economic Times)


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