05 August 2011

News headlines:: RBS, Aug 5, 2011

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News headlines
Oil & Gas
Despite steep hike in fuel prices oil PSUs to lose Rs1220bn (Economic Times)
Government moving in direction of decontrol of diesel price: Finance Minister
Pranab Mukherjee (Economic Times)
Reliance Industries Ltd sees 27% drop in KG-D6 output in June (Economic Times)
ONGC plans to commence oil and gas production from Krishna Godavri basin in a month
(Economic Times)
High prices hit oil demand as economies slow (Business Standard)
Banks
Day-long strike by employees of public sector and old private sector banks to affect banking
operations tomorrow (Economic Times)
Banks can make better money by tapping smaller cities for retail loan growth: Crisil
(Times of India)
Axis Bank set to raise $240mn (Business Standard)
Banks looking to shore up low-cost deposits to cut interest outgo (Business Line)
Pharma
Ernst & Young to assess impact of takeover of Indian drug companies by MNCs
(Economic Times)
Glenmark gets US nod for hypertension tablets (Business Standard)
Commodity
Tata Steel to invest GBP 7mn in UK's Hartepool unit (Economic Times)
Mining ban in Karnataka may push up steel prices(Economic Times)
MMDR Bill to force miners share profits with those affected (Economic Times)
Retail/ Real Estate
Rising interest rate has moderated growth in realty sector, says DLF chairman KP Singh
(Economic Times)
Mumbai-based realty companies prosper without being over-leveraged (Business Standard)
IT & Telecom
Infosys implements banking solution for Bank Chinatrust Indonesia (Economic Times)
Government has to handle US visa issue: Som Mittal (Business Line)
Power, engineering & infrastructure
Chinese banks offer cheap Yuan loans to finance more than $50bn Indian orders for power
equipment, pose threat to BHEL, L&T, Thermax (Economic Times)
Automobiles  
Lack of infrastructure in India for electric car launch: GM (Economic Times)
FY12 sales growth rate to be in low single digit: Maruti Suzuki (Economic Times)
Volkswagen, Toyota, Ford, Renault, Nissan challenging Maruti, Hyundai, Tata Motors
(Economic Times)
Carmakers fume over government plan for dual pricing of diesel (Economic Times)
Maruti to cut diesel engine exports to Hungary (Business Standard)
Tata Motors: All eyes on Evoque (Business Standard)

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