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30 June 2011

News headlines : June 30: RBS

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News headlines
Oil & Gas
Price hike to trim diesel demand, marginally (Economic Times)
May refinery output rises 4.5% y/y-government (Economic Times)
Government should be ready to pass on crude price burden: adviser (Economic Times)
ONGC board set to file prospectus for follow-on issue (Business Standard)
Vedanta Group set to save $840mn in Cairn deal revamp (Business Line)
Banks
Chakrabarty calls for changes in banks reporting, rating norms (Economic Times)
HDFC trims holdings in ICICI, RCOM, Lafarge, HUL (Economic Times)
Banks shore up top line to meet quarter-end targets (Business Standard)
Credit-deposit growth gap narrows (Business Standard)
Indian Bank to file draft red-herring prospectus for FPO in a month (Business Standard)
SBI eyeing QIP, rights issue unlikely in FY12: Sources (Business Standard)
Canara Bank raises base rate, BPLR by 25bp (Business Standard)
Union Bank's net interest margin may come under ‘some pressure' this year: CMD
(Business Line)
Commodity
India plans mining licence to attract foreign investors (Economic Times)
Tata Steel aims at investing at early stage of mine (Economic Times)
Jaiswal asks NTPC for fresh report on 5 cancelled coal blocks (Economic Times)
IT & Telecom
IT and BPO firms looking beyond software development and maintenance business
(Economic Times)
IT, BPO sectors lead uptrend in employment during January-March (Business Line)
Power, engineering & infrastructure
NTPC to set up 100 MW wind power project in Karnataka with an investment of Rs6bn
(Economic Times)
NTPC asked to shut down four power generation units in Orissa (Economic Times)
New transmission tariff regime will boost mega projects, merchant utilities (Business Line)
Automobiles  
Ford India to focus on cars based on diesel platforms (Economic Times)
Toyota recalls more than 110,000 hybrid cars (Business Standard)
Peugeot likely to set up manufacturing plant near Chennai (Business Line)

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