10 May 2011

News headlines:: RBS, May 10, 2011

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News headlines

Automobiles
􀀟 April car sales up 13% yoy, slowest in nearly 2 yrs (Economic Times)
􀀟 Domestic car sales up 13%, bikes 23% in April (Economic Times)
􀀟 Smart selling helps Nano post big numbers (Economic Times)
􀀟 Fitch assigns speculative grade ratings to JLR, Tata Motors (Economic Times)
􀀟 Tata Motors starts sending Nano to overseas markets (Economic Times)
􀀟 Mercedes, BMW, Audi, Land Rover, Renault to raise prices by up to Rs1mn (Economic
Times)


Oil & Gas
􀀟 Reliance Industries cuts natural gas supplies to non-core users (Economic Times)
􀀟 Welspun bags line pipe orders worth Rs7.88bn (Economic Times)
􀀟 OVL's financial powers may get 10-fold boost (Economic Times)
􀀟 Cairn Energy CEO Bill Gammell wants to meet GoM on company's dispute with ONGC over
royalty (Economic Times)
Banks
􀀟 JPMorgan to hire more I-bankers to match Morgan Stanley, Citigroup (Economic Times)
􀀟 Monetary Authority of Singapore relaxes AMR for Indian Bank (Economic Times)
􀀟 YES Bank hikes interest rates on term deposits (Economic Times)
􀀟 Development Credit Bank ups base rate, BPLR by 0.5% (Economic Times)
􀀟 Black money: Legitimise it by paying 15% tax, park it in India (Economic Times)
􀀟 Kotak Mahindra raises base rate, BPLR by 50bps (Economic Times)
Pharma
􀀟 Piramal Healthcare’s new forays will take a while to turn successful (Economic Times)
􀀟 Dr Reddy's joins race for Doktor Mom (Business Standard)
Commodity
􀀟 Proposed 5% duty on coal to impact power tariff: Assocham (Economic Times)
􀀟 SAIL plans Rs10bn capacity expansion plan for subsidiary MEL (Economic Times)
Consumer
􀀟 HUL to demerge its exports biz into separate entity (Economic Times)
􀀟 Jyothy offers to buy 20% more in Henkel India at Rs 41.2/share (Economic Times)
􀀟 Parry enters OTC mkt with two protein drinks (Business Standard)
IT & Telecom
􀀟 Oracle may exit software services business as part of plans to divest non-core assets
(Economic Times)
􀀟 UIDAI launches 'Aadhaar' project in Orissa (Economic Times)
􀀟 DoT to invite bids for National Wireless Broadband in June (Economic Times)
􀀟 Uninor favours European commission model for IUC (Economic Times)
􀀟 MTNL launches push-mail services in pact with Bharat Berry (Economic Times)
􀀟 DoT to allocate landline number for pesky callers, relief soon (Economic Times)
􀀟 Vodafone Essar expresses concern over review of IUC by TRAI (Economic Times)
􀀟 Tata Communications to rejig broadband business (Economic Times)
Power, engineering & infrastructure
􀀟 Thermax's future lies in leveraging foreign acquisitions (Economic Times)
􀀟 Adani Power to add a maximum of 4,000 MW in FY12: CFO (Economic Times)
􀀟 Fuel hikes set to inflate your electricity bills (Economic Times)
􀀟 Power Finance Corporation's Rs47bn FPO opens today (Economic Times)
􀀟 GVK Power and Infra to bid for 25 road projects in FY12 (Economic Times)

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