News headlines:: RBS, July 5, 2011

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News headlines
Oil & Gas  
Hydrocarbon chain needs $600bn investment by 2030: Assocham (Economic Times)
ONGC sells September Sokol crude at lowest premiums in 5 months (Economic Times)
Cairn India may have to be bull-dosed to accept government norms (Economic Times)
Banks
Banks set to improve asset quality: S&P report (Economic Times)
BoB to focus on CASA, discourage bulk deposits: Mallya (Economic Times)
Indian banks to have another good year in 2011-12: S&P (Economic Times)
HDFC hikes stake in Andhra Cements (Business Line)
Pharma
Glenmark settles patent infringement litigation with Daiichi, Genzyme (Economic Times)
Drug Cos Eye US Entry after FDA Checks (Economic Times)
Commodity
CIL invites global bids for Rs1.5bn expansion proposal (Economic Times)
Madras Cements expects more capacity addition (Economic Times)
June cement sales decline despite cut in output (Business Line)
IT & Telecom
Tech Mahindra makes Nigeria company headquarters for Africa to scale up BPO operations
(Economic Times)
Power, engineering & infrastructure
Power crisis looms in south and Orissa; NTPC to shut down 2,000 MW (Economic Times)
Tata Power achieves full-load generation at Maithon project (Economic Times)
Punj Lloyd seeks shareholder approval to enter into manufacturing (Economic Times)
Automobiles  
JLR starts production of Range Rover Evoque in UK (Economic Times)
Fiat's new schemes to promote diesel cars (Economic Times)
Bajaj Auto goes for another expansion (Business Standard)
Mahindra launches Gio 4-wheeler compact cab (Business Standard)