News Headlines - June 17:: RBS

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News headlines
Oil & Gas  
Oil Min calls for restraint on CAG report on KG-D6 (Economic Times)
ONGC may bear Rs123bn subsidy burden (Economic Times)
Top management rejig at Cairn, CEO Gammell to be non-exec chairman (Economic Times)
Reliance Gas goes slow on two pipelines from KG-D6 (Economic Times)
Oil India hires Schlumberger for shale gas foray (Business Standard)
Banks
Lending rates to go up after RBI rate increase (Business Standard)
At least 2 more rate hikes may come during the year, say economists (Business Line)
Commodity
Tata Steel sells Riversdale stake for A$1.06bn (Economic Times)
Coal Ministry revokes licences of 5 NTPC, Damodar Valley blocks (Economic Times)
NTPC loses 3 coal blocks, says de-allocation not transparent (Business Standard)
SAIL, Midhani ink pact to develop steel for defence (Business Standard)
Coal continues to darken JSW Energy's plans (Business Standard)
CIL seeks amendment to coal distribution policy (Business Standard)
Consumer
ITC declares lockout at Nepal garments factory {Economic Times)
Paint makers to raise prices again in July (Business Line)
IT & Telecom
Uninor subscriber base crosses 25 mn, leaves behind its peers (Economic Times)
DoT asks TRAI to review cancellation of licences (Economic Times)
Power, engineering & infrastructure
NTPC to add 1500 MW by March 2012; to take up mega project in Karnataka (Business Line)
RPower project: First batch of GE gas turbines arrives (Business Line)
Automobiles  
Maruti settles 13-day strike at Manesar plant (Economic Times)
Nissan clocks one lakh Micra production at Chennai facility (Economic Times)
RBI rate hike will dampen demand: Auto industry (Economic Times)
Chennai Auto Cluster wants govt to share cost burden (Business Standard)