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24 September 2011

RBS: News Update: Sep 24

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News headlines
Oil & Gas
􀀟 Oil India joins rush for energy assets, lines up Rs40bn for buys (Economic Times)
􀀟 Reliance Industries to review oil strategy, may drill abroad with BP (Economic Times)
􀀟 Reliance Industries says Oil Ministry move on KG-D6 cost-recovery illegal (Economic Times)
􀀟 Oil and Natural Gas mulls bringing its Syrian oil to India: Sources (Economic Times)
􀀟 Indian Oil to raise borrowing limits by Rs300bn (Business Standard)
􀀟 Iran payments issue will be sorted out soon, says Khullar (Business Line)
􀀟 Videocon Energy's partner finds oil off Brazil coast (Business Line)
Banks
􀀟 State Bank of India doubles MTN programme size to $10bn (Economic Times)
􀀟 Wait for bancassurance norms gets longer (Business Standard)
􀀟 Higher rate to hit banks' asset quality: Crisil (Business Standard)
􀀟 RBI asks banks to beef up security for e-transactions (Business Standard)
Pharma
􀀟 Review on FDI in Indian pharma sector soon, says Pranab Mukherjee (Economic Times)
􀀟 US firm dials in healthcare for seven million Indians (Economic Times)
􀀟 Dr Reddy’s launches generic dementia drug in US (Business Line)
Commodity
􀀟 Tata Steel announces Rs1.71bn bonus payout to employees (Economic Times)
􀀟 Illegal mining in NMDC's Bellary area under scanner (Business Standard)
􀀟 SAIL expects steel prices to firm up on rising demand (Business Line)
􀀟 NMDC set to buy 50% stake in Australia's Legacy Iron Ore (Business Line)
Consumer
􀀟 ITC raises cigarette prices after VAT hike (Business Standard)
IT & Telecom
􀀟 Satyam Computers moves Company Law Board for nod to pay directors (Economic Times)
􀀟 HCL Tech opens centre in US; to create 400 jobs in 2 yrs (Business Line)
􀀟 UK speeds up dismantling of £11.4-b IT project for health services (Business Line)
􀀟 Telcos may have to give DoT access to mobile networks (Economic Times)
􀀟 TDSAT sets aside DoT demand on Idea for not rolling out services on time (Economic Times)
􀀟 Telenor to invest up to Rs155bn in India operations (Economic Times)
Power, engineering & infrastructure
􀀟 L&T bags Rs7bn order from Omanese gas company (Economic Times)
Automobiles
􀀟 Mahindra & Mahindra to raise tractor prices by 1.5% (Economic Times)
􀀟 GM India to review situation for price hike next month (Economic Times)
􀀟 Bajaj Auto eyes monthly sale of 4000 boxer bikes in state (Business Standard)
􀀟 Maruti Suzuki begins trial runs for compact Dzire (Live Mint)

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