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16 May 2011

May 16; News headlines ::RBS

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News headlines
Oil & Gas
􀀟 Decision on diesel price hike next week (Economic Times)
􀀟 IOC plans to scale up E&P business (Economic Times)
􀀟 State-owned oil companies cut jet fuel price by over 2.9% after international oil rates drop
(Economic Times)
􀀟 Future of oil drilling in KG Basin uncertain after Defence Ministry's objects (Economic Times)
􀀟 Another hike in prices in the offing, says IOC Chairman (Economic Times)
􀀟 After poll results, petrol prices rise Rs 5/litre (Economic Times)
􀀟 Govt panel meet on Cairn-Vedanta deal likely on May 27: Sources (Economic Times)
Banks
􀀟 HDFC raises lending rate by 50 bps, home loans to get dearer (Economic Times)
􀀟 Canara Bank revises deposit interest rates with effect from May 16 (Economic Times)
􀀟 IDBI Bank, Indian Army signs MoU for banking services (Economic Times)
􀀟 Central Bank of India signs pact with UK university (Economic Times)
Pharma
􀀟 GE launches water quality monitoring device for pharma sector (Economic Times)
􀀟 Global pharma majors take JV route to India (Business Standard)
Commodity
􀀟 Aluminium prices may recover soon: NALCO Chief (Economic Times)
􀀟 Chhattisgarh government recovers Rs20mn in fine for illegal mining, transport (Economic
Times)
􀀟 Siemens VAI to set up new plant in India (Economic Times)
􀀟 Essar Steel to double service centres (Economic Times)
Retail/ Real Estate
􀀟 Hiranandani Group to invest up to Rs30bn in a year (Economic Times)
􀀟 Brigade to raise Rs4bn debt (Business Standard)
IT & Telecom
􀀟 Wipro's Azim Premji parks $15m in Vinod Khosla's clean-tech fund (Economic Times)
􀀟 DoT to hire consultant to frame licensing, convergence policy (Economic Times)
􀀟 Bharti drills legal loopholes in TRAI's IUC consultation paper (Economic Times)
􀀟 Top MNP loser RCom OK with loss; to focus on value, not nos (Economic Times)
􀀟 Pending merger, MTNL-BSNL asked to synergise operations: DoT (Economic Times)
􀀟 CAG seeks details of spectrum usage from ministries, agencies (Economic Times)
􀀟 Idea Cellular, Spice face cancellation of licences in Karnataka, Andhra (Economic Times)
Power, engineering & infrastructure
􀀟 Gayatri Projects to invest Rs 9.94bn in power project (Economic Times)
􀀟 Kirloskar Brothers to sell its arm for Rs 474.4mn (Economic Times)
􀀟 Suzlon sees revenues rising 44% to Rs260bn in 2011-12 (Business Standard)
􀀟 Dabhol to sell power outside Maharashtra (Business Standard)

􀀟 Twenty eight power plants face critical coal stock (Business Standard)
Automobiles
􀀟 Hyundai Motor eyes big on rural markets with small car (Economic Times)
􀀟 WagonR sales crosses 1m units mark in 12 years (Economic Times)
􀀟 SC grants 4 weeks to Skoda to pay Rs300mn to customs dept (Economic Times)
􀀟 Tata Motors says April global sales up 12% (Economic Times)
􀀟 Bajaj to launch four-wheeler commercial vehicle (Economic Times)

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