26 August 2011

News headlines by Sector: 26 Aug: RBS

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News headlines
Oil & Gas  
 ONGC looking to drill 8 wells in Krishna-Godavari gas block (Economic Times)
 RIL sublets sole drilling rig to Malaysia's Petronas (Economic Times)
 Oil companies bet on petrol blending to improve books (Business Standard)
 Essar Oil’s Kenya refinery seeks to raise output (Live Mint)
Banks
 No higher provisioning needed for dual-rate home loan: ICICI Bank (Economic Times)
 Government relaxes equity dilution norms for insurance firms (Business Standard)
 RBI warns of high prices, low growth at 8% ahead (Business Standard)
 Accepting high inflation as normal will be damaging: RBI (Business Standard)
 Growth prospects for 2011-12 subdued: RBI (Business Standard)
Pharma
 Centre to order hospitals to treat the poor free of cost (Economic Times)
 Cipla promoters not selling out, Company plans to scale up revenues (Economic Times)
 Cipla to see growth of 14% this year: Chairman (Economic Times)
Commodity
 Microsoft, Capgemini to help Tata Steel Europe cuts costs (Economic Times)
 CIL may lose 40K tonne a day on Jharkand ban (Business Standard)
 Indonesia's coal price move to hit longer term India deals (Business Line)
IT & Telecom
 'Tech Mahindra-Mahindra Satyam combine may be major IT player': IDC (Economic Times)
 Mahindra Satyam ties up with Oracle to ease integration with Tech Mahindra (Business Line)
 New telecom policy may include framework for NGN [Next Generation Network] (Economic
Times)
 Bharti adds 1.5mn Indian mobile users in July: Industry body (Economic Times)
 Telcos under TRAI scanner for hiking mobile tariffs (Economic Times)
 July GSM mobile addition slips to lowest since 2007 (Business Line)
Power, engineering & infrastructure
 L&T construction bags Rs8bn order (Economic Times)
 GVK Power to buy Australia's Hancock Mines for $2.2bn (Economic Times)
 Tata Power to invest Rs10bn to lay cables in Mumbai (Business Standard)
 PowerGrid to launch India’s first 1,200-Kv station (Business Standard)
 UMPP [ultra-mega power projects ] coal usage rules may be revised (Live Mint)
Automobiles
 BMW expands India output by 1,000 units; starts 2nd shift (Economic Times)
 BMW India to add to its product line up to maintain leadership in segment  (Economic Times)
 Mahindra gears up for military march (Business Standard)
 Maruti to hedge foreign currency risk for vendors (Live Mint)

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