May 19; News Update ::RBS

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News headlines
Oil & Gas
􀀟 HPCL to import 12.5m tonnes crude oil in FY12. (Economic times)
􀀟 Cairn India eyes expansion into east Africa. (Economic times)
􀀟 Reliance Industries rebuts DGH's KG-D6 report, hopes BP will fix problem. (Economic times).
􀀟 Reliance Industries trying to settle insider-trading case again. (Economic times)
􀀟 Reliance Cap's subsidiary hikes stake in HPCL to 5% for Rs128mn. (Economic times)
􀀟 Govt to stand by its decision on D6 supply cuts. (Business Standard)
Banks
􀀟 SBI's associate banks make up for its profit slump. (Economic times)
􀀟 SBI pegs pension liability at Rs11.70bn. (Economic times)
􀀟 Banks' deposit growth continues to decline. (Business Standard)
􀀟 Superseded co-operative bank claims marked progress. (Business Standard)
Pharma
􀀟 Orchid Pharma plans to raise up to Rs10bn long-term funds. (Economic times)
􀀟 Aurobindo Pharma clears all outstanding FCCBs for Rs 6bn. (Economic times)
􀀟 Suven Life completes long- term studies of its drug. (Business Standard)
􀀟 Pre-trial ruling in Glumetza patent case goes against Lupin. (Business Standard)
Commodity
􀀟 Karnataka ore exporters may miss China biz. (Economic times)
􀀟 CIL refers plan to buy 15% in US company's Australian project to coal min. (Economic times)
􀀟 Orissa resumes land acquisition for Posco's 12-m ton steel plant. (Economic times)
􀀟 Indian steel cos plan strategic tieups with global majors. (Economic times)
Consumer
􀀟 Dabur plans three new plants overseas; FY12 capex at Rs2,000m. (Economic times)
􀀟 Unilever launches Knorr noodles in Pakistan, Sri Lanka. (Economic times)
􀀟 Tata's Tetley tea brand gets new look. (Economic times)
􀀟 India fastest-growing market for Kraft Foods. (Economic times)
Retail/ Real Estate
􀀟 Realtors grapple with huge unsold stock; rising prices & costlier loans hit buying plans.
(Economic times)
􀀟 DDA becoming more like 'Finance Company': Chawla Panel. (Economic times)
􀀟 Alpha G Corp plans capex of Rs3.5bn in real estate projects. (Economic times)
􀀟 Kotak Realty Funds to raise Rs6bn via 4th realty fund. (Economic times)
􀀟 Fire Capital to mop up $100b for housing projects. (Economic times)
􀀟 Indiareit in talks to sell Pune SEZ stake for Rs5bn. (Economic times)


IT & Telecom
􀀟 Infosys gave away Rs50bn of stock options to employees. (Economic times)
􀀟 Infosys fastest to seize industry shift towards high-value enterprise services. (Economic
times)
􀀟 SAP cornering $11bn market for green software. (Economic times)
􀀟 'Diesel used for telecom towers causing Rs2.6bn loss to govt. (Economic times)
􀀟 MTNL, BSNL in talks to offer customers a pan-India service. (Economic times)
􀀟 MTNL partners with DigiVive, to provide mobile TV. (Economic times)
􀀟 S Tel introduces international calls at 1 paisa per second. (Economic times)
Power, engineering & infrastructure
􀀟 Reliance-ADAG to invest $5-10bn in Indonesia. (Economic times)
􀀟 Shortage of coal, power comes under PM scanner. (Economic times)
􀀟 PowerMin for temporary ban on coal e-auction. (Business Standard)
􀀟 India calls for equitable access to energy. (Economic times)
􀀟 L&T wins contract worth Rs14.5bn. (Economic times)
Automobiles
􀀟 Sweden's Scania to set up assembly plant in Bangalore. (Economic times)
􀀟 Audi launches new A7 Sportsback and RS5 in India. (Economic times)
􀀟 Honda, Toyota relook at just-in-time mantra. (Economic times)