05 October 2011

News headlines Oct 5:: RBS

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News headlines
Oil & Gas  
ONGC's [Oil & Natural Gas Corp.] new CMD Sudhir Vasudeva to revise exploration strategy
(Economic Times)
ONGC's gas output to rise 60% in 5 years: Sudhir Vasudeva (Economic Times)
ONGC oil output to rise 15% to 28 mn tonne by 2013 (Business Standard)
Banks  
Government asks SBI [State Bank of India] to submit report on Moody's downgrade
(Economic Times)
India loan growth muted, banks want rate hike pause: IBA [Indian Banks' Association] chief
(Economic Times)
Moody's downgrades SBI on capital, NPA [Non Performing Assets] concerns (Business
Standard)
Bankers want RBI [reserve Bank of India] to halt rate hike (Business Standard)
Axis Bank extends $200 mn CP [Commercial Paper] programme by 1 year (Business
Standard)
Asset quality blues for bankers before RBI meet (Business Standard)
SBI must increase Tier-I capital, improve loan quality: Moody's (Business Line)
Pharma
Ranbaxy Laboratories to sell Daiichi Sankyo's products in Italy (Economic Times)
Commodity
National Aluminium Company to invest $4 bn in Indonesia (Economic Times)
Demand for low grade ore from China has helped Goa's mines (Economic Times)
Weak rupee, high material costs to impact steel sector profits (Economic Times)
Jindal Steel to build 2,640 MW plant in Mozambique (Economic Times)
NMDC [National Mineral Development Corp.] may complete 3 overseas buyouts this fiscal
(Business Standard)
Cement sales show signs of revival in Sept on retreating monsoon (Business Line)
IT & Telecom
Insurers will spend Rs90bn on IT in 2012: Gartner (Business Standard)
Tata Group and Aditya Birla Group reach pact over Idea Cellular dispute (Economic Times)
BSNL disconnects services to Airtel, Vodafone, Idea in Haryana (Economic Times)
Power, engineering & infrastructure
Reliance Infra commissions 150-km power line (Business Line)
NTPC [National Thermal Power Corp.] may review joint ventures, subsidiaries (Live Mint)
Automobiles
Ashok Leyland sales slips 17% in September (Economic Times)
Top car manufacturers Maruti Suzuki, Hyundai Motor, Honda Siel & Toyota Kirloskar expect
15-20% jump in sales (Economic Times)
Car makers offer freebies to rev up sales in festive season (Business Standard)
Ashok Leyland, Gulf Oil launch co-branded lubricants (Business Line)

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