News headlines: RBS: 27 July 2011

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News headlines
Oil & Gas
Cairn Energy gets oil ministry letter on Vedanta deal (Economic Times)
CAG says in process of finalising report on KG-D6 gas fields (Economic Times)
Saudi to sell more crude after Iran cuts supply (Economic Times)
Banks
SBI sees need to raise short-term deposit rates (Economic Times)
Yes Bank ups base rate, BPLR by 0.50% (Economic Times)
Rates for lending, deposit all set to increase (Business Standard)
RBI quashes banks' plea to revise NPA norms (Business Standard)
Pharma
Glenmark gets $15 mn plant up-gradation advance from Salix (Economic Times)
Commodity
India to be 2nd largest steel producer by 2013: Steel Minister (Economic Times)
SAIL-led consortium to submit final bid for Afghan Hajigak mine (Economic Times)
IT & Telecom
Mahindra Satyam mulling options against insurers on disputed claims (Economic Times)
Cognizant to acquire CoreLogic India operations for $50 mn (Economic Times)
HCL Techologies asked about its relationship with Rupert Murdoch's News International
(Economic Times)
Tech Mahindra sets up mobile innovation lab in US (Business Line)
Tata Teleservices to merge CDMA & GSM divisions, cut jobs (Economic Times)
Power, engineering & infrastructure
Private firms overtake government enterprises in power production, adds about 84% of the
target (Economic Times)
NTPC may start work in Bangladesh within 6 months (Economic Times)
Automobiles  
Ford likely to locate second car manufacturing plant in Gujarat (Economic Times)
Maruti Suzuki India to invest Rs30bn in 2012-13 on capacity expansion, new model launches
(Economic Times)
Car makers fear further drop in demand post RBI rate hike launches (Economic Times)