13 May 2011

News headlines:: RBS: May 13, 2011

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News headlines


Automobiles
􀀟 BMW to expand base in emerging markets, hire 2,000 people (Economic Times)
􀀟 Lohia Auto to foray into three-wheeler market in 6 months with diesel and CNG models
(Economic Times)
􀀟 Commercial passenger vehicles with alternative fuels soon: Mahindra & Mahindra
(Economic Times)
􀀟 GM India may produce electric mini-car at Talegaon after showcasing the model next
month (Economic Times)
􀀟 Bajaj raises stake in Austrian bike maker (Business Standard)
􀀟 M&M will sell bus chassis later this year (Business Standard)



Oil & Gas
􀀟 State-run oil marketing companies to get Rs200bn as compensation (Economic Times)
􀀟 BPCL Kochi plant diesel unit full ops by May 15: Co Source (Economic Times)
􀀟 MRPL sells May low-density fuel oil at steady premium (Economic Times)
􀀟 Indian Oil losing fuel retail market share to HPCL, BPCL, sales decline more than 0.5mn
tonne in 2010-11 (Economic Times)
􀀟 KG-D6 Gas: No relief for steel firms from supply cuts (Economic Times)
Banks
􀀟 RBI panel to interview 7 RBI executive directors for deputy governor Post (Economic
Times)
􀀟 HSBC plans to focus on India and China: Stuart Gulliver, CEO, HSBC (Economic Times)
􀀟 HSBC says profit from India to cross $1bn mark in 3 years (Economic Times)
􀀟 Pawar cooperative bank flouted RBI norms, finds NABARD (Economic Times)
􀀟 Axis Bank buys 4% stake in Max New York Life for Rs720mn (Economic Times)
Pharma
􀀟 Wockhardt in talks with MNCs to license nutrition brand (Economic Times)
􀀟 Ranbaxy Laboratories to supply low-cost version of Nexium by 2011-end (Economic
Times)
Commodity
􀀟 Adani Group to invest $10-12bn over next 4-5 years (Economic Times)
􀀟 Monnet Ispat earmarks Rs5bn for acquisitions of mines abroad (Economic Times)
􀀟 Slowdown at Alang yard pushes up scrap steel price (Economic Times)
Consumer
􀀟 Jubilant Foodworks to launch Domino's in Sri Lanka next month (Economic Times)
􀀟 Wipro keen to sell diaper, vanaspati brands (Business Standard)
IT & Telecom
􀀟 IGate completes acquisition of Patni Computers (Economic Times)
􀀟 Value of pirated software nearly $59bn: Study (Economic Times)
􀀟 Only GoM can resolve spectrum row: Kapil Sibal (Economic Times)
􀀟 Uninor launches health application with handygo (Economic Times)
􀀟 Bharti Airtel names new logo as Wave (Economic Times)
􀀟 Reliance Communications gets Rs17.8bn as second tranche from China Development
Bank (Economic Times)
Power, engineering & infrastructure
􀀟 Renewables could meet global energy needs by 2050: Report (Economic Times)
􀀟 Wipro's arm buys majority stake in Brazil-based hydraulic cylinders manufacturer RKM
Equipamentos Hidraulicos (Economic Times)
􀀟 Cut in KG gas supply derails GVK Power’s expansion plans (Economic Times)
􀀟 Coal shortage prompts change in power plant design (Business Line)
􀀟 Tata Power set to raise Rs15bn via perpetual bonds (Business Standard)

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