News headlines:: RBS, 18 July, 2011 -The Royal Bank of Scotland

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News headlines
Oil & Gas
RIL gas cut may spark diesel crunch (Economic Times)
Only 21 Reliance Industries' blocks may get unconditional nod for stake sale
(Economic Times)
Reliance Industries plans to shut 110,000 bpd VGO (Vacuum Gas Oil) unit in Sept: Sources
(Economic Times)
Oil PSUs hike jet fuel price (Economic Times)
CGD players want OMCs to manage LPG connection withdrawal (Economic Times)
GAIL to use Singapore arm for LNG trading (Business Line)
Castrol to shut Chennai plant from July 31 (Economic Times)
Banks
Arcil under stress from large lenders like SBI, ICICI Bank, PNB and IDBI Bank, says Reserve
Bank of India (Economic Times)
RBI asks banks to open 25% new branches in unbanked rural areas (Economic Times)
Bank loans up 19.9% on year as on July 1 (Economic Times)
Pharma
Ranbaxy refusing legal costs: US Drugstore chain Rite Aid (Economic Times)
Commodity
SAIL FPO likely to hit markets around Diwali (Business Standard)
Panel favours green nod to Hindalco's coal project (Business Standard)
Phase-1 of Kalinga Nagar plant by 2014: Tata Steel (Business Standard)
Mining majors look to diversify into steel-making (Business Line)
Consumer
Rising input costs force Hindustan Unilever to raise prices of Rin (Economic Times)
IT & Telecom
Wipro's Rs18.12bn contract with ESIC may be in trouble (Economic Times)
HCL Infosystems may take hit of Rs10bn on sagging Nokia biz (Business Line)
GSM subscription growth slips for second month in a row (Business Line)
Bharti Airtel faces flak for denying dividend to Telecommunications Consultants India Limited
in Rajasthan JV (Economic Times)
Uninor seeks additional 2G spectrum in 8 circles (Economic Times)
India best in telecom tariff regulation, low on spectrum issues (Economic Times)
Power, engineering & infrastructure
Power Paradox: 50,000 mw extra supply means power outages and costlier bills for
consumers (Economic Times)
GMR Energy ties up funds for Singapore power project (Economic Times)
Bhel to build 3 power plants on land for 2 in West Bengal (Economic Times)
Suzlon bags Rs6.5bn order from Orient Green Power Co (Economic Times)
BHEL bets on inputs from China to beat cost squeeze (Business Line)
PowerGrid on course to achieving Plan target of Rs550bn investment (Business Line)


Automobiles
Honda Motorcycle, Bajaj Auto, TVS Motors Dealers offering freebies on two-wheelers
(Economic Times)
Toyota plans to produce Etios in Brazil by late 2012 (Economic Times)
Maruti's Manesar plant workers boycott union election  (Economic Times)
End of road for Bajaj Auto's small car? (Economic Times)
Bajaj skids in entry-level motorcycle battle (Business Standard)