News headlines:: RBS, Oct 23, 2011

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News headlines
Oil & Gas
􀀟 Cairn India sees Rajasthan output jumping 40% by end-fiscal (Economic Times)
􀀟 ONGC nets windfall of over Rs10bn courtesy Oil Ministry (Economic Times)
􀀟 BPCL buys 20,000 tonnes of gasoline from Vitol (Economic Times)
􀀟 CAG to probe Reliance Industries' drilling of D6 dry wells
Banks
􀀟 Punjab National Bank completes formalities to acquire 30% stake in Metlife (Economic Times)
􀀟 SBI needs Rs79bn to keep Tier-I capital at 8% (Economic Times)
􀀟 SBI hikes home loan tenure to 30 years (Business Standard)
Commodity
􀀟 Iron ore prices rise; Karnataka steel industry explores options (Economic Times)
􀀟 Tata Steel to invest £4.5m more in its UK plant (Business Line)
IT and Telecom
􀀟 Infosys to add 600 jobs in Singapore (Business Standard)
􀀟 National Telecom Policy: DoT to seek Cabinet nod soon (Economic Times)
􀀟 Telecom Ministry aims Rs6.5tn investment by 2017 (Economic Times)
􀀟 Over 18m opt for mobile number portability (Economic Times)
􀀟 Bharti Enterprises, SoftBank tie up to push mobile internet (Economic Times)
􀀟 BSNL ends deals with telcos (Times of India)
Power, engineering and infrastructure
􀀟 Siemens sees growth in low-cost products (Business Standard)
Automobiles
􀀟 Mahindra's new SUV clocks 200 bookings in South Africa (Economic Times)
􀀟 Maruti Manesar plant strike enters 14th day; talks continue (Economic Times)
􀀟 Maruti may strike a deal with disgruntled workers (Economic Times)
􀀟 Tata Motors to raise $750m via ECBs (Business Standard)