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08 June 2011

News headlines:: RBS (The Royal Bank of Scotland India)

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News headlines
Oil & Gas
􀀟 Cairn India faces serious corporate governance issues (Economic Times)
􀀟 Mahanadi Basin success key to ENI-ONGC tie-up in KG (Business Line)
􀀟 OPEC should raise output at meeting: advisory board (Business Standard)
􀀟 Indian offshore companies Greatship India, Great Offshore and Essar Shipping set sights on
emerging markets (Economic Times)
Banks
􀀟 BoI eyes 50% growth in biz from South (Business Standard)
􀀟 EU urges Indian government not to make mandatory for European banks to dilute stake to
74% in subsidiary (Economic Times)
􀀟 IRDA working to reduce future risk for LIC saddled with of growing annuity payouts (Economic
Times)
􀀟 Capital inflows not sensitive to interest rate changes: RBI (Economic Times)
Pharma
􀀟 Elder Pharma to launch 32-35 new products (Business Standard)
􀀟 Government drafts official code of marketing practices for pharma industry (Economic Times)
Commodity
􀀟 CIL wants change in coal distribution policy (Business Standard)
􀀟 SAIL may shortlist 4 private firms to bid for Afghan mines (Business Line)
􀀟 In a first in many years, cement demand trails GDP growth (Business Line)
􀀟 Government lifts restrictions on organic product exports (Economic Times)
Retail/ Real Estate
􀀟 Real estate firms take land route to shed debt (Business Standard)
􀀟 Gujarat Housing Board decides to develop 600 acres to meet rising demand (Economic
Times)
IT & Telecom
􀀟 Thinksoft eyes acquisitions in India, United States (Economic Times)
􀀟 NR Narayana Murthy wants a women leader on Infosys board (Economic Times)
􀀟 Turning mature: Average age of Infosys staff on rise (Economic Times)
􀀟 Satyam seeks extension of time for setting up SEZ in Hyderabad (Business Standard)
􀀟 Sistema gets cautious, defers listing in India (Business Standard)
Power, engineering & infrastructure
􀀟 REC plans to raise $1.75 bn by November through FCCBs and external commercial
borrowings (Economic Times)
􀀟 Government may buy back IL&FS, IDFC stake in Delhi-Mumbai corridor (Economic Times)
􀀟 CESC to diversify into other infrastructure areas (Economic Times)
􀀟 Drop in FDI delays power projects (Business Standard)
􀀟 Lanco Infra, GMR seek clarity on gas supply from RIL's KG-D6 (Business Standard)
􀀟 Power Grid awaits nod for 2 projects in Afghanistan (Business Standard)
􀀟 GMR in talks with IIFCL for takeout finance (Business Standard)


Automobiles
􀀟 Worker, management standoff at Maruti's Manesar plant continues (Economic Times)
􀀟 Auto companies bring forward launch of cheaper small cars to rev up slowing
sales (Economic Times)
􀀟 M&M asks suppliers to focus on cost reduction, on-time delivery (Business Standard)
􀀟 GM's van to race with Tata Venture, Maruti Eeco (Business Line)
􀀟 Renault plans made-in-India hatchback launch by early 2012 (Business Line))

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