News headlines:: RBS, Aug 29, 2011

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News headlines
Oil & Gas
 IOC, Gail India and Indraprastha Gas Ltd allege foul play in city gas distribution bid by private
companies (Economic Times)
 Oil India mulls diversification into city gas distribution business (Economic Times)
 ONGC likely to start production from KG basin field next month (Economic Times)
 Indian Oil Corporation’s foreign currency borrowing crosses $ 5bn, seeks monthly doles
(Economic Times)
 Oil companies' borrowings cross Rs226bn in first 5 months (Economic Times)
 Oil PSUs may post loss of Rs1.21tn on fuel sales in FY'12 (Economic Times)
Banks
 Power, SME loans weigh down state-run banks (Economic Times)
 SBI likely to defer proposed rights issue after Rs30bn capital infusion by government
(Economic Times)
 Government to sanction Rs20bn capital infusion for few banks (Economic Times)
 RBI asks old private banks to improve governance (Economic Times)
 BoI raises $200mn loan for foreign expansion (Economic Times)
 Subir Gokarn asks banks to balance risks while funding SMEs (Economic Times)
 RBI to issue guidelines for Basel III implementation (Business Standard)
 Government may face hurdles in FY12 borrowing target: RBI (Business Standard)
Pharma
 Sun flouted foreign currency norms, Wockhardt tells RBI (Economic Times)
Consumer
 Soaring inflation triggers fears of slowdown in rural demand of FMCG products (Economic
Times)
Commodity
 Sesa Goa to suspend mining in Karnataka after SC ban (Economic Times)
 Green panel recommends clearance to SAIL, MOIL joint venture in Chhattisgarh (Economic
Times)
 Karnataka steel industry reeling under mining ban (Economic Times)
 Central Coalfields to double output to 4MT a year over 3 years to meet rising demand
(Economic Times)
 Tata Steel plans new tube units to tap oil and gas, construction (Business Line)
 NMDC to ramp up iron ore production from Bellary (Business Standard)
Retail/ Real Estate
 Indian realty sector to face tough time in next 12 months: Jones Lang LaSalle (Economic
Times)
IT & Telecom
 Spooked by credit downgrade, US companies may slash IT budgets; warning to Infosys, TCS
to plan for contingency scenarios (Economic Times)
 Attorney General endorses CAG's stance that Unitech subsidiary not eligible for mobile
permits (Economic Times)
 Telecom companies owe Rs5.9bn in licence fee, spectrum charges (Economic Times

 Telecom service providers can fix call tariff depending on market conditions: Minister of State
for Communications and IT Milind Deora (Economic Times)
Power, engineering & infrastructure
 India to add 3,500 MW of renewable power during the current fiscal (Economic Times)
 Policy delays may force L&T, NPCIL JV to change nuclear power plan (Economic Times)
 Coal Min to play fair in NTPC-NLC tussle for coal blocks (Business Standard)
 Chhattisgarh UMPP bid date extended by three months (Business Standard)
 Larsen & Toubro to unveil new management structure in April (Business Line)
Automobiles
 India’s largest carmaker Maruti Suzuki to launch 20 models in 5 years (Economic Times)
 Tata Motors' Sanand plant resumes production after maintenance shutdown (Economic
Times)
 Renault-Nissan automotive manufacturing facility in Oragadam rolls out 100k units (Economic
Times)