28 June 2011

News headlines: RBS: 28 June 2011

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News headlines
Oil & Gas  
Vedanta to take 10% stake as Cairn rejigs deal (Economic Times)
Cairn drops Rs50/share non-compete fee on Vedanta deal (Economic Times)
RIL was consulted before finalising report: CAG (Economic Times)
GAIL seeks exemption from payment of fuel subsidies (Economic Times)
Great Eastern, Dart Energy & Essar eye stake in ONGC's methane blocks (Economic Times)
Petro duty cuts to cost Centre Rs240bn in FY12 (Business Standard)
OMCs: Burden sharing overhang remains (Business Standard)
Banks
Demand for home loans set to dip: Experts (Business Standard)
House panel may rule against raising insurance FDI cap (Business Standard)
Pharma
Glenmark receives US$25m from Sanofi as upfront payment (Economic Times)
Torrent plans to launch more drugs in Brazil (Business Standard
Commodity
Nalco cuts product prices by Rs2,000 per tonne (Economic Times)
Huge overcapacity in cement worries Birla Corporation (Economic Times)
Birla Corporation to invest Rd10bn in expansion over one-and-a-half years (Economic Times)
Orissa iron ore prices reflect global standard, says OMC (Business Standard)
Grasim Ind resumes operations at Nagda plant (Business Standard)
Retail/ Real Estate
Real Estate Regulation Bill may be delayed (Business Standard)
IT & Telecom
HCL Technologies, New Zealand's Finzsoft tie up (Economic Times)
Tech Mahindra to scale up BPO ops in Africa from Nigeria (Economic Times)
IBM ranked as leader in domestic Indian IT market with a 31.4% share in revenues
(Economic Times)
Polaris confident of BPO Optimus' turnaround (Business Line)
Power, engineering & infrastructure
GSPC awards contract to Punj for Rs8.3bn (Economic Times)
Diesel price hike will push up road laying cost: Highway developers (Business Line)
HCC-Alstom venture bags Tehri storage plant order (Business Line)
L&T Finance to go ahead with Rs17.5bn IPO (Economic Times)
Automobiles  
Toyota Etios Liva: First serious competitor to Maruti in compact cars (Economic Times)
Hero Honda gets shareholders' nod for name change to Hero MotoCorp (Business Line)

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