20 August 2011

News headlines: RBS: 20 Aug 2011

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News headlines
Oil & gas  
 ONGC Videsh Ltd targeting 20mn tonnes of oil output from assets abroad (Economic Times)
 Oil firms losing Rs2.35bn per day on fuel sales (Economic Times)
 Prime Minister Manmohan Singh to review oil ministry's functioning (Economic Times)
 Minority shareholders concerned about government terms on Cairn-Vedanta deal (Economic
Times)
Banks
 ICICI Bank launches fixed interest rate home loans (Business Standard)
 SBI, HDFC unlikely to re-launch teaser loans (Business Standard)
 Technical panel told RBI to wait and watch on rate rise (Business Standard)
 Data reporting should be automated, RBI tells banks (Business Standard)
 Union Bank of India scales down credit, deposit growth targets yet again (Business Line)
Pharma
 Cipla remains top defaulter in NPPA list (Business Standard)
Commodity
 Coal royalty revision after study group`s recommendation (Business Standard)
 SAIL hires consultant for Afghan iron ore bid (Live Mint)
IT & Telecom
 Narayana Murthy's Infosys innings comes to an end (Business Line)
 Infosys may stay ahead of Cognizant for a while (Business Line)
 Tariffs for consumers using ISD services as well as for a slew of sectors-ITEs/BPO/KPO
using bulk international bandwidth-may come down (Economic Times)
 Telecom Commission picks loop-holes in TRAI’s mergers & acquisitions proposals, seeks
review (Economic Times)
Power, engineering & infrastructure
 Coal shortage to affect 15,000-MW new capacity addition: Panel (Economic Times)
 Won't mediate Tata Power, RPower tariff hike: Power Ministry (Economic Times)
 PowerMin ups pressure on CoalMin to reallocate NTPC blocks (Economic Times)
Automobiles  
 Exports may come down by 10K units this fiscal: Maruti Suzuki (Economic Times)
 Honda launches new version of Jazz, slashes price by over Rs150K (Economic Times)
 Maruti Suzuki: Gujarat a preferred location for expansion (Economic Times)
 Maruti Suzuki: Maruti not to commit further investments in engines (Economic Times)
 Maruti mulls making engines to meet diesel car demand (Business Standard)
 Mahindra plans compact Verito to get excise benefits (Business Standard)

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