22 June 2011

News headlines: RBS: June 2011

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News headlines
Oil & Gas  
ONGC [Oil & Natural Gas Corp] to invest US$7.7bn in KG basin (Economic Times)
Government to keep tabs on oilfields, says Jaipal Reddy (Economic Times)
Eight weeks sought to reply to CAG [comptroller & auditor general] report on RIL [Reliance
Industries ltd.]: Jaipal Reddy (Economic Times)
Government appoints three independent directors on ONGC board, clears way for FPO
[Follow-on  Public  Offer] (Economic Times)
CAG report on RIL inflating costs only an interim draft: Oil Minister (Economic Times)
Banks
PNB [Punjab National Bank] may hike interest rates; to hire 12,000 people: Kamath
(Economic Times)
Kotak Mahindra plans maiden overseas branch in Singapore (Economic Times)
SBI [State Bank of India] appoints Dy MD to exclusively handle bad loans (Economic Times)
Asset quality remains SBI's focus: Chaudhuri (Business Standard)
Commodity
Coal India's Mozambique venture hits a glitch (Economic Times)
Government seeks status report on captive coal blocks from companies  (Business Standard)
Coal India, NTPC in war of words over coal supply, utilisation (Business Line)
IT & Telecom
Cognizant, Capgemini in race for Oracle's financial services business (Economic Times)
Global economy worrisome, lessons from 2008 can help: Infosys (Economic Times)
Bangalore must develop infra to maintain top IT hub status: Infosys (Economic Times)
HCL Tech signs 5-year pact with Xerox Corp (Economic Times)
Rising wages can harm Indian IT companies: Vineet  Nayyar  (Economic Times)
New IT policy aims to make city IT product hub (Business Standard)
GSM telcos add 9.5mn subscribers in May (Economic Times)
Bharti, RCoM, BSNL record over 1% decline in revenue market share (Economic Times)
Power, engineering & infrastructure
Tata Power commissions simulators at Trombay power station (Economic Times)
India seeks US$2.5bn World Bank aid for power projects (Economic Times)
NTPC arm gets cross-border power trade mandate (Business Line)
Siemens bags Rs1.67bn contract from Delhi Cargo Service Centre (Economic Times)
Automobiles  
Hero Honda shareholders approve name change to Hero MotoCorp (Economic Times)
Fiat India to devise strategies to prop up falling sales (Economic Times)
Labour issues may hinder India's aim for global small car hub (Economic Times)
Japanese auto companies Toyota & Honda seek FTA parity (Economic Times)
M&M may set up new plant to make farm equipment (Business Line)
Rate impact on auto sales only for short term: Baba Kalyani (Business Line)
Rajkot auto-comp industry eyes growth as auto giants look to Gujarat (Business Standard)

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