10 August 2011

News headlines : Aug 10: RBS

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News headlines
Oil & Gas
 Diesel dual-pricing not on Government's agenda (Economic Times)
 Reliance Industries gets government approval for $7.2bn BP deal (Economic Times)
 Crude oil price: Petrol price to be cut if global oil prices slip further, says Reddy (Economic
Times)
 ONGC Videsh qualifies for Iraq's oil exploration bidding (Economic Times)
 Oil companies in process of automating fuel dispensers (Economic Times)
 Oil ministry disagrees with RIL's take on sovereign approval in KG-D6 issue (Economic
Times)
 OPEC cuts oil demand growth forecast on economy (Business Standard)
Banks
 D Subbarao gets 2-year extension as RBI Governor (Economic Times)
 IDBI Bank to lend Rs7bn more to microfinance firms (Business Standard)
Pharma
 Ranbaxy Laboratories closes plant in US (Economic Times)
Commodity
 Need to implement MOUs in steel sector: Centre (Economic Times)
 S&P raises Tata Steel's long-term credit rating to 'BB' (Economic Times)
 JSW Steel production up 15% in July (Business Standard)
Consumer
 Hindustan Unilever CEO Nitin Paranjpe targets to work towards perfection in a store
(Economic Times)
IT & Telecom
 Economic conditions in US could hit clients' IT budgets: Mahindra Satyam (Economic Times)
 Gartner sees improvement in IT budgets pushing Windows 7 use (Economic Times)
 Service tax slap on foreign telecom networks to hit cash flows of BPO, ITeS firms (Economic
Times)
 TCS, Infosys, MindTree, HCL and other Indian IT companies to suffer as angry America
wants its jobs back (Economic Times)
 Mahindra Satyam to stop ADS programme in 2012 (Business Standard)
Power, Engineering & Infrastructure
 L&T bags Rs8.3bn contract for UAE gas project  (Business Standard)
Automobiles
 Mahindra & Mahindra facing engine capacity constraints: Executive (Economic Times)
 M&M to develop joint product platform with SsangYong Motor Co (Economic Times)
 Maruti Suzuki engineers to develop new 800cc vehicle in India (Economic Times)
 Munjals to invest $1b in Hero MotoCorp (Economic Times)

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