25 August 2011

News headlines : The Royal Bank of Scotland: 25 Aug, 2011

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News headlines
Oil & Gas  
 High Court to form special bench to hear plea on Krishna-Godavari gas exploration case
(Economic Times)
 Petroleum and Natural Gas Regulatory Board seeks single window clearance for city gas
distribution (Economic Times)
 IOC [Indian Oil Company] introduces India's 1
st
 pump with self-service facility (Economic
Times)
 HPCL [Hindustan Petrochemical Corp Ltd.] mulls infusing Rs130bn in Vizag refinery
(Business Standard)
 OVL [ONGC Videsh Ltd] to go alone for fund-raising (Business Standard)
Banks
 Public sector banks need Rs8tn to meet capital norms (Economic Times)
 Credit off take up by 20%, deposits 18% (Business Standard)
 No systemic risks from rising NPAs: RBI (Business Standard)
Pharma
 Cipla, Lupin deny report on Takeda talks (Economic Times)
Commodity
 SAIL to appoint more than 1,000 dealers in current fiscal (Economic Times)
 Cement makers profit may fall to 10-year low: Crisil (Business Standard)
 Coal India mines face closure over green concerns (Business Standard)
 CIL asks workers unions for common list of demands (Business Standard)
 NMDC may submit offer for Australia's Legacy this week (Business Standard)
 Jindal Steel raises Rs21bn for Oman expansion plan (Business Standard)
 Patent ruling clears way for Tatas to market ultra-strong steel in Europe (Business Line)
 India Cements sees Indonesian coal easing price situation (Business Line)
IT & Telecom
 Infosys BPO scouting for global acquisitions (Economic Times)
 TCS to expand BPO units; sees no impact of economic crisis (Economic Times)
 Mahindra Satyam to approach court against Rs21.1bn  I-T notice (Economic Times)
 TCS outsourcing chief sees no impact of global crisis on its business (Economic Times)
 BPO industry expands to nearshore, onshore locations (Business Standard)
 Mahindra Satyam begins intake of fresher’s in batches (Business Line)
 HCL Tech plans BPO centre in the Philippines (Business Line)
 TCS' new BPO centre in Ahmedabad will be operational by Dec quarter (Business Line)
 Bharti Airtel paid highest revenue of Rs11.8bn in June quarter: TRAI [Telecom Regulatory
Authority of India] (Economic Times)
 Rejig of operations helps Airtel regain revenue market share (Economic Times)
 Bharti Airtel, Vodafone Essar, Reliance communication and BSNL ask Trai to stay out of
dealings with VAS firms (Economic Times)


Power, engineering & infrastructure
 Tata Power seeks power projects outside India (Economic Times)
 Tata Power wants government tariff review for ultra-mega power projects (Economic Times)
 L&T Construction bags Rs13.4bn new orders (Economic Times)
 Mega power stays a dream due to high input costs; Tata Power and Reliance Power cannot
import cheap coal (Economic Times)
 Tata Power seeks higher rate for Mundra unit (Economic Times)
Automobiles  
 Fiat to continue joint venture with Tata Motors (Economic Times)
 Ford plans to roll out small car from Sanand facility (Economic Times)
 Nano gets a big lift within Tata Group firms (Business Standard)

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