06 April 2011

RBS, 6 Apr 2011. News Update

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News headlines
Oil & Gas
􀀟 Government nod for Cairn-Vedanta deal may come with rider (Economic Times)
􀀟 Sebi approves open offer for Cairn India: Vedanta Resources (Economic Times)
􀀟 US invites India for international meet on off shore drilling (Economic Times)
Banks
􀀟 Monetary policy: Bankers urge RBI not to hike repo and reverse repo rates (Economic Times)
􀀟 RBI penalises two Gujarat-based co-op banks (Economic Times)
Pharma
􀀟 Lupin files second suit against Ranbaxy (Economic Times)
􀀟 NPPA rejects increased price of imported medicines; Eli Lilly moves court (Economic Times)
Commodity
􀀟 'Lifting of iron ore export ban not to change things much' (Economic Times)
􀀟 Government likely to clear Cairn-Vedanta deal tomorrow: Sources (Economic Times)
􀀟 NMDC says overseas acquisitions won't top $500m this year (Economic Times)
􀀟 Karnataka iron ore export ban set to go (Business Standard)
􀀟 Kalyani Gerdau to expand Tadipatri steel plant (Business Standard)
Consumer
􀀟 Jyothy sole bidder for Henkel stake (Economic Times)
􀀟 CavinKare looking at private placements: Chinni Krishnan Ranganathan (Economic Times)
Retail/ Real Estate
􀀟 German firm sells plot to real estate company for Rs13bn (Economic Times)
􀀟 DLF to set up Infopark project in phases (Business Standard)
IT & Telecom
􀀟 Homegrown mobile companies to raise $1bn through PE funds (Economic Times)
􀀟 Sistema Shyam gets DoT notices for failing to roll out services (Economic Times)
􀀟 Draft policy on mobile governance released (Economic Times)
􀀟 Bharti has reached 2mn 3G customers in India (Economic Times)
􀀟 Market uncertainty may impact moving forward in India: Etisalat (Economic Times)
􀀟 Vodafone appeals against tax department notice (Economic Times)
Power, engineering & infrastructure
􀀟 CESC looks for partners to pick stake in Nigerian power firms (Economic Times)
􀀟 28,000MW power to go on stream this fiscal (Economic Times)
􀀟 Godawari Power's subsidiary to acquire power plant (Economic Times)
􀀟 BHEL applied for 1 patent every working day in FY-11 (Economic Times)
􀀟 UPPCL enters agreement with HP government for 600MW power supply (Economic Times)
􀀟 TVS group plans to foray into low-cost housing (Economic Times)
􀀟 Larsen & Toubro ties up financial closure for metro project (Economic Times)
􀀟 Zoom debt recast fails, recovery to start (Business Standard)
􀀟 BHEL Tiruchi to focus on super critical boilers (Business Standard)
Automobiles
􀀟 Maruti Suzuki hikes car prices by up to Rs9,000 (Economic Times)
􀀟 Honda completes exit from Hero Honda (Business Standard)
􀀟 After Tata Motors, Maruti Suzuki also increases car prices (Business Standard)

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