1 July 2011: News headlines :: The Royal Bank of Scotland ::RBS

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News headlines 

Oil & Gas   

Cairn-Vedanta deal gets government nod; ONGC to have the last laugh (Economic Times) 

Petrol rates to go up by 27p, diesel by 15p (Economic Times) 

GAIL proposal after a few more meetings: Partha Chatterjee (Economic Times) 

Ad hoc subsidy sharing hurts profitability, cash flows: ONGC (Economic Times) 

Petronet LNG eyes US suppliers for liquefied natural gas: CEO (Economic Times) 

Petronet LNG looking to set up liquefied natural gas terminal on east coast (Economic Times) 

GAIL proposes naphtha cracker plant in PCPIR (Business Standard) 

Banks  

IOB raises base rate to 10.25% (Economic Times) 

Pharma 

Fortis to open 25 low cost hospitals under new brand in 3 years (Economic Times) 

Pfizer sues Aurobindo Pharma over Lipitor (Business Standard) 

Cipla's pet product infringes patent: US court (Business Standard) 

Commodity 

India Cements' MD Srinivasan increases stake in company (Economic Times) 

Coal committee to submit report in 15 days (Business Standard) 

Birla Corp plans capacity expansion (Business Line) 

Tata Sons pledges 10m shares of Tata Steel (Business Line) 

Consumer 

FMCG companies rule out price cut despite fall in raw material costs (Economic Times) 

Retail/ Real Estate 

DLF to focus on plot and villa launches (Live Mint) 

DLF plans to sell stakes in Pune, Noida IT parks for Rs13bn (Economic Times) 

IT & Telecom 

After Infosys & Wipro, TCS on I-T radar for claiming sops on onshore work (Economic Times) 

Switzerland firm to deploy TCS banking IT suite (Economic Times) 

Will Hewlett Packard break up due to pressure from investors? (Economic Times) 

Wipro to provide IT solution to UK-based OnStream (Economic Times) 

Wipro eligible to apply for vendor status: World Bank (Business Standard) 

Gartner sees 7.1% rise in global technology spend this year (Business Line) 

Power, engineering & infrastructure 

NTPC buys 5m tonnes coal from SCCL at extra price (Economic Times) 

Alstom, HCC win Rs1.8bn hydro power contract (Economic Times) 

NTPC to invest Rs66bn in coal-based power project (Economic Times) 

GMR speeds up work on Rs260bn Kakinada SEZ (Business Standard) 

Automobiles   

Suzuki Motorcycle sales up 42% in June (Economic Times) 

French tyre maker Michelin to hike tyre prices from tomorrow (Economic Times) 

TVS Motor plans to revive assembly unit in Bengal (Business Line) 

Bajaj Auto to launch more Pulsar models in Indonesia (Business Line)