25 October 2011

The Royal Bank of Scotland | 25 October 2011 : News headlines

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The Royal Bank of Scotland
India Morning Meeting Notes | 25 October 2011 11
News headlines
Oil & Gas
Essar Energy completes Vadinar refinery shutdown (Economic Times)
BPCL Mumbai sales premium at 3 month low (Economic Times)
Diesel sales at RIL outlets close to nil (Business Standard)
GAIL likely to open LNG trading desk in Singapore (Business Line)
Banks
Interest rates have almost peaked: SBI (Economic Times)
RBI likely to raise rates again on inflation concerns (Business Line)
Value of cheque transactions down 8.3% in August, says RBI (Economic Times)
Debt sales to accelerate to unprecedented level in 2012: KPMG (Economic Times)
Pharma
Alembic Pharma to invest Rs 100 crore in new facility (Economic Times)
Novartis drug AIN457 helps with psoriasis symptoms (Economic Times)
Commodity
JSW Steel likely to bid for Australian coal producer New Hope valued at $5.2 billion
(Economic Times)
Steel producers seeks 'deemed credit' on local scrap units (Economic Times)
Global steel resilience may be shortlived (Economic Times)
10 miners in dock for violation of green norms (Business Standard)
CIL’s revenue threatened as defaults by utilities rise (Live Mint)
IT & Telecom
Indian IT biggies TCS, Infosys, Wipro can withstand demand uncertainty: S&P (Economic
Times)
Infosys to develop branch company in Dalion high tech zone in China (Economic Times)
Imported software liable to withholding tax, companies like GE, Sonata Software and HP to
be hit (Economic Times)
DoT told to impose penalties on telcos that had entered into 3G roaming deals (Economic
Times)
DoT plans new M&A norms for telcos (Times of India)
BSNL, MTNL, RailTel & others to build Rs 200bn broadband network (Economic Times)
Power, engineering & infrastructure
NTPC may fall short by 18 bn units in FY12 (Live Mint)
Power Grid to line up Rs 1000 bn to raise capacity (Business Standard)
Plan Panel sets up committee to revive power distribution (Economic Times)
Treat overdrawal of power by industries as unauthorised use: Supreme Court (Economic
Times)
Further hike in power tariff in Delhi possible: Sheila Dikshit (Economic Times)

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