04 September 2011

Sept 4: News headlines : The Royal Bank of Scotland

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News headlines
Oil & Gas
􀀟 Diesel prices in Delhi likely to come down (Economic Times)
􀀟 ONGC seeks producing assets in politically stable countries (Economic Times)
􀀟 Reliance Industries, BP complete $7.2bn deal (Economic Times)
􀀟 ONGC Videsh Ltd (OVL) to invest $1.5bn in an Iraq oil block (Economic Times)
􀀟 IOC Lanka arm losing market on higher selling price (Business Standard)
Banks
􀀟 Higher loan demand may erode banks' capital base (Economic Times)
􀀟 NBFCs' profits to be hit marginally by new RBI norms: Crisil (Economic Times)
􀀟 SBI NPA provisioning up three-fold between 2008-09 and 2010-11 (Economic Times)
Pharma
􀀟 Lupin receives USFDA approval for chronic pain drug (Economic Times)
􀀟 Pharma exports may grow by 20% this fiscal and touch $12bn mark: Pharmexcil (Economic
Times)
􀀟 Ranbaxy Daiichi Sankyo to spend Rs100mn on mobile healthcare clinics over next 5 years
(Economic Times)
􀀟 Dr Reddy's launches OTC drug in the US market (Economic Times)
􀀟 Pfizer, Dr Reddy's settle Lipitor patent battle (Business Standard)
Commodity
􀀟 Nalco keen to set up three hydro power projects in state (Economic Times)
􀀟 Parliamentary panel anguished over Coal India's 233 held-up projects (Economic Times)
􀀟 JSPL open to steel plant acquisition, says company Deputy MD (Economic Times)
Retail/ Real Estate
􀀟 Unitech to put 3 hotels on the block (Business Standard)
IT & Telecom
􀀟 Bharti yet to decide on tower unit IPO: Mittal (Business Standard)
Power, engineering & infrastructure
􀀟 Tata Power asks government to hike 'unviable' Mundra UMPP tariffs (Economic Times)
􀀟 BHEL disinvestment to depend on market sentiment: Praful Patel (Economic Times)
􀀟 Cabinet approves 5% government stake sale in BHEL (Economic Times)
Automobiles
􀀟 Maruti to start production at second Manesar plant (Business Standard)
􀀟 Hero MotoCorp sales jump over 18% in August (Business Standard)
􀀟 M&M posts 30% rise in sales in Aug (Business Standard)
􀀟 Suzuki Motorcycle sales up 39% in August (Business Standard)
􀀟 Maruti Suzuki sales down 13% in August (Business Standard)
􀀟 Tata Motors' August sales down 3% (Economic Times)
􀀟 August auto sales slump on high fuel and interest costs (Economic Times)
􀀟 Auto component industry growth to slow down at 12-15% in FY12 (Economic Times)

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