25 June 2011

News headlines : June 24: The Royal Bank of Scotland:

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News headlines
Oil & Gas  
Reliance Industries hits out at CAG over KG-D6 capital spending remarks (Economic Times)
Reliance Industries’ D1 and D3 gas fields costs rose $3bn in 2 years: CAG draft remarks
(Economic Times)
IEA announces 60mn barrel oil stock release (Business Standard)
Emergency meeting on fuel price hike today (Economic Times)
Banks
NPAs of banks likely to rise to 2.7% of advances in FY'12 (Economic Times)
Yes Bank hikes deposit rates by 25-50bp (Business Line)
Database not enough for solvency II (Business Standard)
Make public RBI advisory note issued to ICICI: CIC (Business Standard)
Pharma
Jubilant Biosys receives milestone payment from AstraZeneca (Economic Times)
Lupin, Natco tie up to market breast cancer tablets (Economic Times)
USFDA inspects Ranbaxy's new plant in Mohali (Economic Times)
Commodity
Coal India seeks Government nod to acquire unlisted firms (Business Line)
Europe and Indian operations get closer for Tata Steel (Business Standard)
IT & Telecom
16-18% IT export target this fiscal achievable: NASSCOM (Economic Times)
US growth forecast: Indian tech industry says no fresh worries (Business Line)
Bharti makes final payment of US$700mn to Zain (Economic Times)
Power, engineering & infrastructure
BHEL and BEL consortium to invest Rs20bn in AP (Economic Times)
L&T bags 4-laning project in Rajasthan India (Business Line)
Automobiles  
HIPL revokes 17.33% stake in Hero Honda (Economic Times)
M&M asks Maharashtra to keep commitments on incentives (Economic Times)
General Motors shelves small car project in India (Economic Times)
Suzuki CEO says Maruti strike was negligible (Economic Times)
Slowdown in the industry to hit Auto component makers (Economic Times)
Maruti lowers sales growth forecast (Business Standard)
Honda targets sale of 30,000 CBR-250R bike in India (Business Line)

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