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20 May 2011

20 May: News headlines ::RBS

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News headlines


Power, Engineering & Infrastructure
􀀟 PSPCL buys power at lowest rate ever for supply this summer (Economic Times)
􀀟 US keen to explore solar energy options in Punjab (Economic Times)
􀀟 Crompton Greaves acquires Sweden-based firm Emotron Group for Rs 3700mn (Economic
Times)
􀀟 BHEL tests India's first 600 MW turbo generator (Business Line)
􀀟 Philips mulls setting up automotive lighting solutions unit in India (Business Line)
􀀟 L&T sees margins hit by competition, costs (Economic Times)
􀀟 L&T not to sell electrical business (Business Line)
Automobiles
􀀟 Ashok Leyland to invest Rs 10bn on operations (Economic Times)
􀀟 Ashok Leyland gears itself for construction vehicle launch (Business Line)
􀀟 Volkswagen's Vento overtakes Honda's City in mid-size segment (Economic Times)
􀀟 Ashok Leyland plans 2.5% price hike (Business Line)
􀀟 Michelin to hire 1,250 more for Chennai facility (Business Line)


Oil & Gas
􀀟 Oil PSUs to share Rs 60bn subsidy burden equitably (Economic Times)
􀀟 Oil ministry orders Reliance gas for core users (Economic Times)
􀀟 PM Singh to dedicate Bina refinery to nation tomorrow (Economic Times)
􀀟 Gammell extends deadline for Cairn-Vedanta deal (Economic Times)
􀀟 Quippo expects to promote oil and gas exploration this financial year (Business Standard)
􀀟 Petrol, diesel prices to be raised again to cover dealers' margins (Business Standard)
Banks
􀀟 ICICI Bank to raise $750 mn-$1bn via MTNs (Business Standard)
􀀟 S&P assigns 'BBB-' to bond programme of ICICI Bank (Business Standard)
􀀟 HSBC says losing money in China, India retail banking (Economic Times)
􀀟 Corporation Bank to soon operate in Africa (Economic Times)
􀀟 Reliance Money Express ties up with Muthoottu Mini (Economic Times)
Pharma
􀀟 Betapharm to pressure profitability for 3 yrs: Dr Reddy's (Economic Times)
Commodity
􀀟 Ambuja Cements seeks more time for AP unit (Business Standard)
􀀟 20 people arrested for obstructing POSCO work (Economic Times)
􀀟 Creativity of employees earns rich dividends for RSP (Economic Times)
􀀟 Indian cos keen on Afghan iron ore mining discuss security issues (Business Line)
Consumer
􀀟 DMA Yellow wins repackaging deal for Unilever's Rin (Economic Times)
􀀟 India market for high-end food items to double in 5 yrs: Symrise (Economic Times)
􀀟 Promoters of Gagan vanaspati exploring options to offload stakes (Economic Times)
Retail/ Real Estate
􀀟 Real estate gets highest investment in Haryana. (Economic Times)
􀀟 India poised for $5 billion wave of PE exits from real estate: Nomura. (Economic Times)
IT & Telecom
􀀟 Vakrangee gets UID enrolment order from UBI; targets 15bn. (Economic Times)
􀀟 BSNL announces special plans for paramilitary personnel (Economic Times)
􀀟 BSNL, MTNL synergy as per Trai norms: Upadhyay (Economic Times)
􀀟 Bharti Airtel puts proposed $1 bn global bond sale on hold (Economic Times)
􀀟 9 million users connect to 3G in 4 months (Business Line)
􀀟 Telenor wants Chandra out of board too (Business Standard)

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