17 May 2011

May 17:: News headlines ::RBS

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News headlines


Automobiles
􀀟 Auto industry sees further demand slump due to fuel price hike (Economic Times)
􀀟 Toyota to resume full-scale production in India from May 20 (Economic Times)
􀀟 Auto industry to continue to grow at rate of 12-15%: M&M (Economic Times)
􀀟 Auto parts industry to invest Rs1570bn by 2020 (Business Standard)
􀀟 Atul Auto forays in Bangladesh with 6 seater vehicle (Business Standard)



Oil & Gas
􀀟 Group of Ministers on Cairn-Vedanta deal to meet on May 27 after deadline for closing deal
expires (Economic Times)
􀀟 Falling global oil prices may not prevent diesel, LPG price rise (Economic Times)
􀀟 April diesel sales slows to 1.7%, rise lowest since September (Economic Times)
Banks
􀀟 Dena Bank ups interest rates on deposits (Economic Times)
􀀟 HSBC India raises base rate to 9% (Economic Times)
􀀟 IDBI Bank rolls out mobile banking from Nagpur (Economic Times)
Pharma
􀀟 Glenmark Pharma in licensing deal with Sanofi (Economic Times)
􀀟 GVK BIO selected as preferred provider for 14 global PDPs (Economic Times)
􀀟 Unimark to start commercial production of anti-HIV drug in three months (Business Standard)
Commodity
􀀟 CIL may form JV with USA's Peabody for US$600m mining project (Economic Times)
􀀟 New hurdles for Posco's land acquisition plans (Economic Times)
􀀟 Posco proposes modification in original project plan (Economic Times)
Consumer
􀀟 Consumer goods companies fear demand dip due to rising fuel prices (Economic Times)
􀀟 Indian paint cos see waning auto, housing demand hit growth (Economic Times)
Retail/ Real Estate
􀀟 Delhi government hikes registration fee for properties (Economic Times)
􀀟 Lodha Group asked to pay Rs600m in taxes (Economic Times)
IT & Telecom
􀀟 IBM, HP opt out of Rs20bn UIDAI bid (Economic Times)
􀀟 CMC Ltd gets order from LIC for UIDAI project (Economic Times)
􀀟 Nokia's new management to dump its Ovi services brand (Economic Times)
􀀟 3i Infotech sells US-based Global Billing and Payments unit to affiliate of Cerberus Capital
(Economic Times) Management for $137m
􀀟 HCL Tech gets automation contract from US bank First Horizon National Corp (Economic
Times)
􀀟 Trai may get more powers, to function as civil court (Economic Times)
􀀟 BWA Services to get 160 MHz of spectrum in 2012, says Kapil Sibal (Economic Times)
􀀟 Only 15 licences fit for cancellation on delayed roll out: DoT (Economic Times)
Power, engineering & infrastructure
􀀟 Panel to study marine ecology, bio-diversity around Jaitapur (Economic Times)
􀀟 India units of Gamesa and Caparo Energy to announce 'strategic partnership' on Tuesday
(Economic Times)
􀀟 Larsen & Toubro get $780m order for 1,080MW power plant (Economic Times)
􀀟 India-made electronic hardware to get preference in govt buys (Economic Times)

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