Royal Bank of Scotland: News headlines: Jan 3, 2011: RBS

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News headlines
Oil & Gas
IOC, HPCL, BPCL lose Rs2.75bn in revenue every day on diesel sale (Economic Times)
Rs1.25 hike in CNG may mean costlier commute (Economic Times)
IOC again hikes ATF prices by 2% (Economic Times)

Banks
SBI planning operation in South Korea, Sao Paulo (Economic Times)
Loans to cost 1% more this year on high prices (Economic Times)
Bank account number is sole criteria for e-fund transfers now (Economic Times)

Pharma
Drug retail sales up 18% in 2010 as cos take rural roads (Economic Times)
Indian pharma remains top in US generics (Business Standard)

Commodity
NMDC hikes iron ore prices by 5.22% for Jan-Mar quarter (Economic Times)
India scouts for coal mines in Africa (Economic Times)
Indian steel makers' global rush (Business Standard)
Orissa government likely to ink fresh JV with Rio Tinto (Business Standard)
Tata Steel, Nippon to ink Rs24bn JV by Jan-end (Business Standard)

Consumer
Emami expects 15-20% growth in Chyawanprash segment (Economic Times)

Retail/ Real Estate
Mumbai realty rates set to see some correction in 2011 (Economic Times)
Ramky Estates sets sight on East, to invest Rs3bn (Business Standard)

IT & Telecom
BSNL to enter into roaming arrangements with private operators for 3G, invite bids
soon (Economic Times)
Tatas, Aircel only takers for MTNL 3G airwaves (Economic Times)
DoT to ask telcos not to leak subscriber information to equipment manufacturers (Economic
Times)
Govt to come out with New Telecom Policy 2011: Sibal (Economic Times)
iGate cancels announcement of deal with Patni (Economic Times)

Power, Engineering & Infrastructure
NTPC to set up 4,000 MW power project in Vizag (Economic Times)
India to add 65,000 MW power in 12th plan (Economic Times)
Solar power project licences up for sale as cos look to make fast buck (Economic Times)
Welspun, Torrent Power, NTPC & THDC sign MoUs with UP govt for power plant (Economic
Times)
L&T's subsidiary bags Rs.25.03bn worth orders (Economic Times)

Automobiles
Robust December sales set the tone for auto cos (Economic Times)
After skidding, Nano sales back on road (Economic Times)
Hero Honda sales jump 33% in December 2010 (Economic Times)