20 June 2011

News headlines ::RBS: June 20

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News headlines
Oil & Gas  
Natural gas, fertiliser output dips in April (Business Standard)
Reliance Industries hires 18 banks for US$1.09bn loan (Economic Times)
RIL may have to acquire RCom for telecom success: Report (Economic Times)
Merger of ONGC Russia with Sistema okayed (Economic Times)
PetroMin raps OMCs, GAIL (Business Standard)
Audit puts ONGC's reserves at 960mn tonnes of oil equivalent (Business Line)
Will never allow any operator to overbill government, says Oil Ministry (Business Standard)
Banks
IDBI ups education loan rates, term deposits (Economic Times)
Bank employees to strike work on July 7 (Economic Times)
ICICI Venture to raise up to Rs10bn to invest in housing (Economic Times)
BoI to enter MF sector, in talks with Bharti AXA (Business Standard)
Union Bank to revisit credit growth projections (Business Standard)
Pharma
Strong sales push sees rural pharma growth doubling (Economic Times)
Zydus plans to buy US drug companies for US$60mn (Economic Times)
Commodity
Nalco cuts product prices by Rs5,000 per tonne (Economic Times)
Sesa Goa on song post iron ore finds, looming global deficits (Business Line)
Suppliers offer no rebates for long-term imports: Coal India (Business Line)
Consumer
FMCG companies control ad expenses to balance high input costs (Business Standard)
IT & Telecom
Rishad Premji sells 27.4% of his stake in Wipro (Economic Times)
IT services' demand robust amidst European debt crisis, shaky US recovery (Economic
Times)
Wipro links attrition to pay package (Business Standard)
Power, engineering & infrastructure
RPower Krishnapatnam UMPP hits road block, may seek government help (Economic Times)
NTPC charged up to tap wind, solar power in the South (Business Line)
Government may cancel two more coal blocks of NTPC (Business Standard)
PM to review coal, power projects on July 1 (Business Standard)
Bhel to hire 25,000 in 5 years (Economic Times)
Automobiles  
Tata Motors bags order for 10 CNG-electric hybrid buses (Economic Times)
Tata Motors should be more mature by 2020: Ratan Tata (Economic Times)
Bajaj Auto plans three more dealership in Gujarat (Business Standard)
Premium car segment to see deluge of new entrants (Business Line)

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