21 April 2011

RBS, 21 Apr 2011. News Update

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News headlines
Oil & Gas
􀀟 Decline in gas production from RIL-operated KG-D6 block under govt's scanner (Economic
Times)
􀀟 Why state-run oil companies selling petrol below market rates: CAG (Economic Times)
􀀟 Oil marketing companies face Rs2000bn debt burden (Economic Times)
Banks
􀀟 IBA backs ICICI’s micro loans recast proposal (Economic Times)
􀀟 SBI bows to RBI pressure, scraps teaser home loans (Economic Times)
􀀟 Oriental Bank to increase lending to SMEs (Economic Times)
􀀟 Banks' credit grows 22%, deposits up 16.77% on an annual basis (Economic Times)
􀀟 Yes Bank plans to raise up to $500mn in FY-12 to fund business growth (Economic Times)
􀀟 PSU banks to take Rs40bn hit on pensions (Economic Times)
Pharma
􀀟 GlaxoSmithKline Biologicals in talks to buy BE's vaccine division (Economic Times)
􀀟 Lupin gets USFDA approval for diabetes drug (Economic Times)
Commodity
􀀟 Vedanta Resources keen to invest in exploration sector (Economic Times)
􀀟 Govt asks power generators to increase use of imported coal (Economic Times)
􀀟 India has huge exportable surplus of iron ore: Mines Ministry (Economic Times)
􀀟 Steel cos in a dilemma over war between miners, steelmakers (Economic Times)
􀀟 Tata Steel signs pact with Rio Tinto on HIsarna iron smelting (Economic Times)
􀀟 Orissa minister reviews progress of steel projects, mega projects fail to take off (Economic
Times)
􀀟 JSPL attempts to buy Rocklands for A$88mn (Economic Times)
􀀟 Essar Steel clocks highest monthly crude steel production in March (Economic Times)
Consumer
􀀟 Apax to join Jyothy after Henkel buy (Business Standard)
􀀟 Future Group, Rasna plan mega food park near Ahmadabad (Business Standard)
Retail/ Real Estate
􀀟 3C Company forays into hotel biz; ties up with Four Seasons (Economic Times)
􀀟 DDA waiting list: DDA has waiting list of 2010 scheme ready, but won't publish (Economic
Times)
IT & Telecom
􀀟 HCL Tech sees margin growth continuing in Q4: Vineet Nayar (Economic Times)
􀀟 Mobile towers cannot come up without permissions: HC (Economic Times)
􀀟 DoT to soon decide on telcos missing eligibility norms (Economic Times)
Power, engineering & infrastructure
􀀟 Tata Power ups fund raising plan to $450mn (Economic Times)
􀀟 Suzlon Energy bags 50.4MW order from Gujarat State Fertilizers and Chemicals (Economic
Times)
􀀟 AREVA T&D bags two contracts of Rs2.9bn from Essar (Economic Times)


􀀟 Kaiga nuclear plant re-starts 3rd unit (Economic Times)
􀀟 Powergrid Corp to develop transmission network in Kenya (Economic Times)
􀀟 Reliance Power to commission Sasan Ultra Mega power project's first unit in Jan 2013
(Economic Times)
Automobiles
􀀟 Fire in Tata Motors ancillary unit (Economic Times)
􀀟 Automakers’ CEOs follow customers to Shanghai (Economic Times)
􀀟 Renault-Nissan appoints Kou Kimura as new CEO & MD (Economic Times)
􀀟 Q&A: Vikram Kirloskar, CMD, Kirloskar Systems (Business Standard)

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