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News headlines
Oil & Gas
PNGRB authorises GSPL gas grid projects (Economic Times)
Oil Min blocks Cairn's Bhagyam oil field plans (Economic Times)
Reliance seeks adequate time to respond to CAG report (Economic Times)
Banks
SBI hikes deposit rates by up to 1%, home loan EMIs to go up (Economic Times)
SBI to seek government's nod for rights issue this month (Economic Times)
Banks will meet 19% credit growth target for FY 2012: M D Mallya (Economic Times)
MFI Bill hope for future, but no immediate relief (Business Standard)
Pharma
Dr Reddy's launches hypertension capsules Amlodipine Besylate and Benazepril
Hydrochloride capsules in US market (Economic Times)
Ranbaxy recalls skin care capsules Isotretinoin from UK market (Economic Times)
US bans drugs from Dr. Reddy's Mexico plant: Report (Economic Times)
Indian drug makers bet big on local bio similar market (Business Standard)
Lupin gets tentative FDA nod for anticonvulsant drug (Business Standard)
Commodity
Coal Min ready to offload equity in Neyveli Lignite: Jaiswal (Economic Times)
JSW Steel to halt expansion of Vijayanagar unit (Business Standard)
Rs130bn of cement projects deferred (Business Standard)
GoM approves 26% profit-sharing for coal companies (Business Standard)
IT & Telecom
Tech Mahindra bags IT contract from Microsoft (Economic Times)
Wipro, Cognizant lobbying to jump US firewall (Economic Times)
Airtel to re-structure India, South Asia operations (Economic Times)
Power, engineering & infrastructure
Adani Power to merge unit Growmore Trade in $531mn deal (Economic Times)
Siemens ties up with Lynas to make rare earth magnets (Business Line)
Automobiles
Tata Motors to start operations of CV assembly plant in Africa (Economic Times)
Indian auto market may grow only 12-14% this year: Official (Economic Times)
Maruti stops production of Swift hatchback, to relaunch new version by September (Economic
Times)
Bajaj plans 5mn unit ramp-up by October (Business Line)
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