RBS, 19 Apr 2011. News Update

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News headlines
Oil & Gas
􀀟 ONGC Videsh Ltd can raise stake in Satpayev oil block to 35% (Economic Times)
􀀟 Gas output from Panna-Mukta, Tapti fields down by 30% (Economic Times)
􀀟 Petronet LNG plans terminal on East Coast with eye on Lanka (Economic Times)

Banks
􀀟 RBI refuses to endorse Sivasankaran's Tamilnad Mercantile Bank stake sale (Economic
Times)
􀀟 Fitch affirms highest rating on HDFC Bank (Economic Times)
Pharma
􀀟 Aurobindo Pharma gets USFDA nod for anti-depression capsules (Economic Times)
􀀟 Expect to see double-digit growth in next fiscal: GV Prasad, Dr Reddy Laboratories Ltd.
(Economic Times)
Commodity
􀀟 MMTC sees 50 % jump in turnover on strong precious metal sales (Economic Times)
􀀟 Hindustan Copper to reopen Kendadih mines in Jharkhand, invites consultants (Economic
Times)
􀀟 RIL plans to expand mining plans for diamond in Madhya Pradesh (Economic Times)
􀀟 Global steel use to hit record in 2012: Worldsteel (Economic Times)
􀀟 Kobe Steel to set up office in Gurgaon (Economic Times)
Consumer
􀀟 Paramount Print packaging IPO opens 20 April, price band at Rs 32-35 (Business Standard)
􀀟 Coca-Cola to take on Rasna at 5 price point (Times of India)
Retail/ Real Estate
􀀟 Texas Pacific Group inches closer to buying 14% in Shriram Properties for Rs4.5bn
(Economic Times)
􀀟 DDA results: Draw for DDA housing scheme 2010 held, 16,118 flats allotted (Economic
Times)
IT & Telecom
􀀟 L&T Infotech announces channel relationship with Intel (Economic Times)
􀀟 Omnesys Technologies bags two major awards at TradeTech India 2011 (Business Standard)
􀀟 Bharti revamps top deck of mobile business (Economic Times)
􀀟 Bharti Airtel partners Zoomin.com for photo service for broadband customers (Economic
Times)
Power, engineering & infrastructure
􀀟 Solar power projects could trip as poor prospects keep financers away (Economic Times)
􀀟 Tata Power to raise $300-400mn through hybrid financing (Economic Times)
􀀟 Tata Group to invest $27bn in next 5 years (Economic Times)
􀀟 Madhucon Projects to develop 1320MW thermal power plant (Economic Times)
Automobiles
􀀟 Toyota resumes production at all Japan plants (Economic Times)
􀀟 GM partners to bring light commercial vehicles to India (Economic Times)

􀀟 Tata Motors plans to open standalone outlets for Nano (Economic Times)
􀀟 Volkswagen to drive into used car market (Business Standard)