16 June 2011

News headlines : June 16: RBS

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News headlines
Oil & Gas
􀀟 ONGC to sell 30% stake in K-G block (Business Standard)
􀀟 Gas leak continues at ONGC well in Tripura (Economic Times)
􀀟 MHA clears sale of 30% stake in 23 RIL oil & gas blocks to BP (Economic Times)
􀀟 Oil firms hike ATF prices by 2.4% (Business Standard)
Banks
􀀟 Banks' deposit grow faster than credit so far in FY12 (Economic Times)
􀀟 ICICI denies talks with Nigeria's Spring Bank (Business Standard)
􀀟 HDFC sees 20% annual loan growth (Economic Times)
􀀟 Banks' reliance on market borrowings could impact liquidity: RBI (Business Line)
Pharma
􀀟 Lupin acquires global rights for Australian brand Goanna (Economic Times)
Commodity
􀀟 SAIL plans to raise $400 mn from overseas lenders (Business Standard)
􀀟 SFIO probing cartel in cement industry (Economic Times)
􀀟 CIL price hike to help Bengal mop up Rs6bn extra cess (Business Standard)
􀀟 Coal imports shoot up, CIL says no to new customers (Business Standard)
Consumer
􀀟 The ITC heir will be chosen from inside: Yogi Deveshwar, ITC Ltd (Economic Times)
IT & Telecom
􀀟 Infosys identifies seven teams that will build the company for tomorrow (Economic Times)
􀀟 IBM faced serious threat from Infosys, TCS, Wipro (Economic Times)
􀀟 IT sector: Staff utilisation, pricing power to decide margin (Economic Times)
􀀟 HCL Tech, Epicor in services partnership (Economic Times)
􀀟 TCS bags US$50-m-plus Swisspost deal (Business Line)
􀀟 Indian IT companies now turn to domestic market (Business Standard)
􀀟 Additional spectrum to mop up Rs80bn (Business Standard)
Power, engineering & infrastructure
􀀟 India set to produce 700 MW solar power in 2011 (Economic Times)
􀀟 Lanco Infra to invest Rs35bn in thermal power plant (Business Standard)
􀀟 Lanco Infra drops bid plan for Premier Coal (Business Standard)
􀀟 GVK Power to raise US$1.2bn debt for Hancock Assets buy (Economic Times)
􀀟 PGCIL to set up undersea power line from Lanka (Business Standard)
Automobiles
􀀟 Strike hits hard, Maruti mulls movement to Gurgaon (Economic Times)
􀀟 Labour unrest could dent Maruti Suzuki's growth prospects (Economic Times)
􀀟 Tata Motors says May global sales up 11% y/y (Economic Times)
􀀟 Ashok Leyland to issue bonus shares (Economic Times)

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