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30 November 2010

News headlines- compiled by RBS -Nov 30th 2010

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Oil & Gas
􀀟 India's IOC buys W.African crude for Feb loading (Economic Times)
􀀟 Great Offshore jack up rig starts 5-year contract with ONGC (Economic Times)
􀀟 Plan panel to set up a body for uniform gas price: Oil Ministry (Economic Times)
􀀟 Egypt's Maridive says wins contract with ONGC (Economic Times)


Banks
􀀟 RBI allows banks to tide over liquidity crisis by reducing CRR (Economic Times)
􀀟 Dhanlaxmi Bank hikes term deposit rates by up to 1% (Economic Times)
􀀟 RBI cautions on unauthorised deposit-collecting companies (Business Standard)

Pharma
􀀟 Global vaccine campaign plans to raise $3.7bn for immunisation (Economic Times)
􀀟 HC provides relief to Pfizer on trade mark battle over COREX (Economic Times)

Commodity
􀀟 Decision on Cairn's stake sale to Vedanta likely by Feb (Economic Times)
􀀟 Officials hid info on forest norms violation by JSPL (Economic Times)
􀀟 LN Mittal may be in talks to pick up stake in Ispat (Economic Times)
􀀟 Panel seeks temporary withdrawal of POSCO permit (Economic Times)

Retail/ Real Estate
􀀟 CCI examining 11 complaints against realtors (Economic Times)

IT & Telecom
􀀟 MNP to have no major impact on telcos: Fitch (Economic Times)
􀀟 Market induced reduced tariff lowered BSNL, MTNL revenues: Pilot (Economic Times)
􀀟 Telcos to get incentives for 3G expansion in rural areas (Economic Times)
􀀟 Kapil Sibal gets cracking on BSNL restructuring (Economic Times)
􀀟 Patni promoters refuse to sign non-compete agreement with buyers (Economic Times)

Power, engineering & infrastructure
􀀟 NPCIL to form JVs with SAIL and railways (Economic Times)
􀀟 NTPC to order $7.2bn power gear by March (Economic Times)
􀀟 MERC might re-draw boundaries of Reliance Infra's licensed area (Economic Times)
􀀟 Timing of notice suspect, questions Amby valley clearance: Lavasa (Economic Times)
􀀟 Punj Lloyd inks pact with Malaysia's Hopetech (Economic Times)
􀀟 GUVNL intends to sell 300-500 Mw power (Business Standard)

Automobiles
􀀟 Tata Motors to supply 10 hybrid busses to Madrid (Economic Times)
􀀟 General Motors India crosses 100,000 unit milestone (Economic Times)

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