17 September 2011

News headlines ::Sept 17 ::RBS

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News headlines
Oil & Gas
􀀟 Oil companies hike Aviation Turbine Fuel price by 2.5% (Economic Times)
􀀟 Oil India hints at investment in HPCL project (Economic Times)
􀀟 Petrol prices hiked by Rs3.14 per litre effective midnight (Economic Times)
􀀟 Indian Oil Corp plans to invest US$1.87bn to up Koyali refinery capacity (Economic Times)
􀀟 ONGC sells Nov Sokol at steady premium (Economic Times)
􀀟 State-run oil marketing companies' borrowings up 24% to Rs1,200bn in FY'12
(Economic Times)
􀀟 Looking for oil blocks, partners overseas: Oil India head (Economic Times)
􀀟 Natural gas sector: Big companies to reap benefits from pipeline network (Economic Times)
􀀟 ONGC may put off FPO (Business Line)
Banks
􀀟 ICICI Bank goes slow on foreign deposit mop-up (Business Standard)
􀀟 Axis Bank board meets today to seal Enam deal (Business Standard)
Commodity
􀀟 SAIL iron ore mines to double production (Economic Times)
􀀟 JSW Steel buys iron ore at 25-30% premium to market price (Economic Times)
􀀟 NALCO finalises 300,000 tonnes alumina export deal (Economic Times)
􀀟 Tata Steel gets $70-million order to supply high-speed rail track (Economic Times)
􀀟 India steel demand, output to surge by 2020: JSW (Economic Times)
􀀟 Government directs CIL to rationalise coal supply sources (Business Standard)
􀀟 JSW Steel output up 23% in August (Business Line)
Consumer
􀀟 FMCG companies go for expansion (Business Standard)
IT & Telecom
􀀟 Mahindra Satyam gets US court approval for class-action settlement (Economic Times)
􀀟 Infosys, Wipro to add hundreds of staff in China as US, EU face slowdown (Economic Times)
􀀟 Global crisis a win-win situation for Indian IT companies: Infosys chairman KV Kamath
(Economic Times)
􀀟 US jobs data suggests fears of Indian IT firms taking away good American jobs may be
exaggerated (Economic Times)
􀀟 TCS in pact with payments firm Nets (Business Line)
􀀟 DoT xtends deadline for telecom companies to comply with security rules (Economic Times)
Power, engineering & infrastructure
􀀟 ABB wins US$15mn order from JK Paper (Economic Times)
􀀟 L&T July-Sept advance tax seen at Rs3.5bn (Economic Times)
􀀟 NTPC further cuts generation as coal supply from Singareni dries up (Business Standard)


Automobiles
􀀟 Maruti to resume production on Monday even as 17-day deadlock with striking workers
remains unresolved (Economic Times)
􀀟 Mahindra’s see M&As slowing down after 28 deals in 3 years (Economic Times)
􀀟 Tata Motors global sales up 3% in August (Economic Times)
􀀟 Ashok Leyland eyes Rs23bn investment in LCV segment (Economic Times)
􀀟 Maruti Suzuki India to shut plants tomorrow; 11 hurt in scuffle (Economic Times)
􀀟 Maruti Suzuki, Hyundai, Toyota, Mercedes say government flip-flop on diesel hurting plans
(Economic Times)
􀀟 Bajaj hopes to sell 2,000 Boxer models in AP (Business Standard)

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