News headlines :: May 5, 2011: RBS

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News headlines
Oil & Gas
􀀟 RIL [Relaince Industries Ltd] confident of increasing output from KG-D6 block, will cautiously
analyse data (Economic Times)
􀀟 BPCL [Bharat Petroleum Corporation Limited] to raise capacity at Bina refinery to 9MT
(Economic Times)
􀀟 Government mulling Rs 3/litre diesel rate hike after Assembly polls (Economic Times)
Banks
􀀟 Oriental Bank raises base rate, BPLR [benchmark prime lending rate] by 50bps each
(Economic Times)
􀀟 UCO Bank eyes 20% business growth, aims to cut NPAs [non-performing assets] to below
3% (Economic Times)
􀀟 IndusInd Bank signs MoU with HDFC to sell home loans (Economic Times)
􀀟 PNB raises loan rates by 50bps (Economic Times)
􀀟 Yes Bank raises base rate, PLR [prime lending rate] by 50bps each (Economic Times)
􀀟 Banks told to set aside more funds for bad, restructured loans (Economic Times)
􀀟 Banking Industry: Regulations, Panels & Roadmap (Economic Times)
Pharma
􀀟 Sun Pharma unit gets US nod for cancer drug (Economic Times)
􀀟 Pharma majors under fire over trial compensation (Business Standard)
Commodity
􀀟 Vietnam assures India of clearance to Tata steel project (Economic Times)
􀀟 Pranab Mukherjee takes up Tata Steel project with Vietnam PM (Economic Times)
􀀟 JSW [Jindal Steel Works] puts Mozambique coal transfer in cold storage (Business Standard)
Consumer
􀀟 More penalty for unauthorised tobacco growers (Economic Times)
􀀟 Tobacco Board plans to introduce e-auctions soon (Business Standard)
IT & Telecom
􀀟 Top mobile phone companies' profits may dip in March quarter despite increased usage
(Economic Times)
􀀟 RBI raises m-wallet [making payments using mobile] limit to Rs50,000 (Economic Times)
􀀟 India's 300mn mobile phone 'ghosts' (Economic Times)
Power, engineering & infrastructure
􀀟 Shinde confident of meeting 11th Plan power target of 62,000MW (Economic Times)
􀀟 Maharashtra power plants slip on green parameters: CAG [Comptroller and Auditor General
of India] (Economic Times)
􀀟 Maytas settles dispute with Vedanta, withdraws plea in SC (Economic Times)
􀀟 Thermax MD says trying hard to retain margins (Economic Times)
Automobiles
􀀟 Ford forays into used car business (Economic Times)
􀀟 Honda's production cut in India to last till July (Economic Times)
􀀟 Business house hopes to bring Tata Nano to Pakistani roads (Economic Times)
􀀟 Strike at GM's [General Motors India] Halol factory ends, with compromise deal (Business
Standard)