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04 May 2011

News headlines:: RBS, May 4, 2011

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News headlines
Oil & Gas
􀀟 GC Chaturvedi appointed as top bureaucrat in oil ministry (Economic Times)
􀀟 Reliance Industries told to drill 11 new wells in FY12 to boost gas output from KG-D6
(Economic Times)
􀀟 RIL told to drill new wells in FY12; stock up (Economic Times)
􀀟 GAIL [Gas Authority of India Ltd] opposes Andhra firm's pipeline proposal (Business
Standard)
Power, engineering & infrastructure
􀀟 Reliance Infrastructure commissions 400KV Gujarat transmission line (Economic Times)
􀀟 Hydel project equipment washed away in stream water surge (Economic Times)
􀀟 [Bharat Heavy Electricals Small Industries Association] Plans to put up 14MW mini-thermal
power station at Pudukudi (Economic Times)
Automobiles
􀀟 Mercedes to launch A, B Class cars in India in 3-4 yrs (Economic Times)
􀀟 Mercedes-Benz launches sports car SL 350, SUV GL 500 in India (Economic Times)
􀀟 SC asks Skoda India to deposit Rs300mn with Customs Dept (Economic Times)
􀀟 Nissan India car sales slump by over 40% in April (Economic Times)
􀀟 Foton to set up plant near Pune; launch LCVs, MCVs in first year (Economic Times)
􀀟 Honda expands recall to check 833,000 air bags (Economic Times)
􀀟 GM rises to No 1 on stronger sales (Business Standard)

Banks
􀀟 Banks see margin woes ahead on RBI rate hike (Economic Times)
􀀟 Draft guideline for new banks in consultation with Govt: RBI (Economic Times)
􀀟 Uncertainty continues over licences to new private banks (Economic Times)
􀀟 High savings account rates may hit net interest margins for banks: Crisil Research (Economic
Times)
􀀟 RBI credit policy: Home, auto loans to cost more, say bankers (Economic Times)
􀀟 State Bank of India to review interest rates in June: Chairman (Economic Times)
􀀟 DBS picks veteran J.P.Morgan banker to head Islamic unit (Economic Times)
Pharma
􀀟 Dabur acquires '30-plus' brand from Ajanta Pharma (Economic Times)
􀀟 Glenmark gets USFDA [US Food and Drug Administration] nod for Fluticasone propionate
lotion (Economic Times)
􀀟 US court dismisses Ranbaxy rival's challenge (Economic Times)
Commodity
􀀟 SAIL [Steel Authority of India Limited] to speed up coal acquisition plan abroad (Economic
Times)
􀀟 Posco's Orissa project gets a leg up, finally (Economic Times)
􀀟 Tata Steel plans greater investment in China: Nerurkar (Economic Times)
􀀟 Coal India proposes Rs35bn investment in washeries (Business Standard)
Consumer
􀀟 HUL [Hindustan Unilever] using digital media to increase its sales manifold (Economic Times)
􀀟 GCPL [Godrej Consumer Products Ltd] looks at re-launching soap portfolio going forward
(Money Control)
􀀟 Dabur buys Ajanta Pharma capsule brand, focus on OTC healthcare (Business Standard)
Retail/ Real Estate
􀀟 Realty sales to be hit by interest rate rises (Business Standard)
􀀟 Registration fee increase bursts real estate bubble (Times of India)
IT & Telecom
􀀟 TCS gets IT contract from ABN AMRO Clearing (Economic Times)
􀀟 Idea Cellular seeks time to announce FY11 results (Economic Times)
􀀟 Uninor to open for retail outlets in Andhra Pradesh (Economic Times)

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