News headlines :RBS: August 13

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News headlines
Oil & Gas  
 IOC's [Indian Oil Corp.] Paradip plant to be completed in Q1 2013: Government (Economic
Times)
 Government share of revenue from Cairn to fall by Rs5bn (Economic Times)
 Reliance completes turnaround of its oil production facility (Economic Times)
 Cairn Energy-Vedanta deal by September: Source (Economic Times)
Banks
 ICICI Bank raises lending rates by 50bps (Economic Times)
 SBI [State Bank of India] raises lending rates by 50 bps; seeks Rs50-150bn capital infusion
(Economic Times)
 Kotak Mahindra sees growth from semi-urban, rural business (Economic Times)
 RBI dashes hopes of pause on rate hikes (Business Standard)
 ICICI, HDFC banks battle for market share (Business Standard)
Commodity
 Monomer short supply hits paint sector: Indian Paint Association (Economic Times)
 SAIL [Steel Authority of India Ltd.] gives in-principle nod for 10 new units: minister (Business
Standard)
 SAIL digs into Indonesian mines amid uncertain regulatory regime (Business Standard)
IT & Telecom
 Mahindra Satyam defers induction of fresher’s (Business Line)
 Reliance Communications may soon seal $1.5bn outsourcing deal with ZTE, Huawei and
Ericsson (Economic Times)
Power, engineering & infrastructure
 Chinese equipment less efficient than supplied by BHEL: Government (Economic Times)
 NTPC, IWAI [Inland Waterways Authority of India ] in coal transportation pact (Economic
Times)
 GMR Infrastructure's arm GMR Energy to acquire 30% stake in Indonesia's Sinar Mas Group
company GEMS (Economic Times)
Automobiles  
 Economic uncertainty not to impact Jaguar Land Rover sales: Tata Motors (Economic Times)
 Tata Motors to add 400 new dealers by year-end (Business Standard)
 Mahindra to spread its wings in aviation space (Business Standard)
 Tata Motors, Leyland to step on the gas for auto LNG (Business Standard)