News headlines : RBS: 3 May, 2011

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News headlines
Oil & Gas
�� Reliance Industries told to drill 11 new wells in FY12 to boost output from KG-D6 (Economic
Times)
�� Reliance Industries' gas output from D1 and D3 blocks may fall further: DGH (Economic
Times)
�� Girish Chandra Chaturvedi to be new oil secretary, S Sundareshan shifted to Ministry of
Heavy Industries (Economic Times)
�� Cairn-Vedanta GoM [Group of Ministers] meet postponed (Economic Times)
Banks
�� Any more interest hike not good for growth, says SBI chief (Economic Times)
�� Morgan Stanley downgrades Indian banks, including SBI on interest margin pressure
(Economic Times)
�� Bank of India sees 21% credit growth in FY12 (Economic Times)
Pharma
�� Wockhardt moves SC against Hyderbad hospital (Economic Times)
�� Sun Pharma promoters plan power sector foray; stock up (Economic Times)
�� Dabur in talks with Ajanta Pharma to acquire '30 Plus' (Business Standard)
Commodity
�� Ambuja Cements April shipments down 2.4% to 1.86mn tonnes (Economic Times)
�� Alok Ind sees Rs13-14bn revenue from realty sale in FY12 (Economic Times)
�� ACC April cement shipments up by 15% (Economic Times)
�� Nalco may buy minority stake in Indonesian coal mine (Economic Times)
�� Government approves $12bn Posco steel plant in Orissa (Economic Times)
�� Builders want regulators for steel, cement industries (Business Standard)
Consumer
�� Godrej expects a CAGR of 25-30% over the next five years (Economic Times)
�� Sugar Export: Factories get 29 per kg (Economic Times)
�� Butter to turn dearer after milk prices soar (Economic Times)
Retail/ Real Estate
�� Adani Realty forays into Delhi-NCR, inks JV with M2K [Delhi-based realtor] (Economic Times)
�� Unitech to invest Rs300mn in a luxury project in Mysore (Economic Times)
IT & Telecom
�� Hexaware, KPIT Cummins, Polaris to see price uptick in FY12 as demand rises (Economic
Times)
�� Infosys on hunt for acquisitions in Europe & Japan; eyes cloud computing (Economic Times)
�� Vodafone Essar calls auction of airwaves as 'optimal method' for spectrum allocation
(Economic Times)
�� Spice Mobility to invest Rs10bn for expansion this fiscal (Economic Times)
�� Gujarat tops MNP [Mobile number portability] requests: TRAI (Economic Times)
�� Vodafone Essar calls for fair, transparent regulatory system (Economic Times)


Power, engineering & infrastructure
�� Mining Associates, Indu-CBS JV & Kartikeyan Pvt bid for CIL's [Coal India Ltd] Mozambique
contract (Economic Times)
�� Orissa government approves investments of Rs10.45bn in power & petroleum (Economic
Times)
�� NTPC [National Thermal Power Corporation] to lose Rs104mn a day if contracts not placed in
time (Economic Times)
�� Kudankulam reactor to become operational in another month (Economic Times)
�� MARG eyes 30% revenue in FY12; targets to become $1bn firm (Economic Times)
Automobiles
�� New norms for fuel efficiency of vehicles by May end (Economic Times)
�� Honda, GM & Ford report slow car sales growth, two-wheeler sales up (Economic Times)
�� Honda Siel Cars sales fall 43.76% in April (Economic Times)
�� M&M [Mahindra & Mahindra] April sales up 23% to 32,090 units (Economic Times)
�� General Motors India April sales down 5.19% (Economic Times)
�� Volkswagen sells 7,000 units in April (Economic Times)
�� Skoda Auto India sales up 90% in April at 2,446 units (Economic Times)
�� VE [Volvo Eicher JV] Commercial Vehicles sales up 20% to 3,669 units in April (Economic
Times)