Morning News Round-up:

Ø Sebi looks to revise rules for credit rating agencies

Ø Airtel sells 700 towers in Burkina Faso to Eaton

Ø RasGas contract to cost Petronet LNG Rs 10,000 cr

Ø India Inc’s external borrowings down 32% at $2.6 bn

Ø Easier trade can push global exports $1tn pa: WTO

Ø ‘India overtakes China, now biggest gold consumer’

Ø Maruti to pay royalty to Suzuki on new models in Re

Ø Govt plans to lower its stake IDBI Bank: Sinha

Ø India jumps 12 spots on World Bank’s ease of doing biz list

Ø Tatas, Birlas, Ambanis take discount e-tailers head on

Ø Cairn-Vedanta merger deal not to be reworked

Ø Govt sets up panel to simplify Income Tax laws

Ø Railways receive Rs 2,000 cr assistance from LIC for projects

Ø Fitch withdraws IDFC’s rating, reaffirms ‘good credit quality’

Ø IndiGo IPO subscribed 86% on Day-1

Ø ‘India may attract $6 b from Canadian pension fund in 8 years’

Ø Japan offers conditional support to yuan joining IMF currency basket

Ø Seed industry seeks policy support to boost exports

Ø Japan’s Nippon agrees to buy NAB’s life unit for $1.7 bln

Ø Tata Trusts, Harvard University announce collaboration

Ø Essar Ports fixes Rs. 93.66/share as delisting floor price

Ø Trai’s call drop policy may increase tariffs: Telcos

Ø Maruti Q2 profit surges 42.1% to Rs1,225 crore

Ø Jaitley sure of meeting fiscal deficit target despite disinvestment hiccups

Ø US plans to sell down strategic oil reserve to raise cash

Ø Lupin’s Q2 results are a rude reality check

Ø Crompton Greaves to divest its Canadian power systems business

Ø SEBI in process of allowing foreign money into commodity markets

Ø Sensex falls for second day, ends 108 points down

Ø Vedanta Q2 consolidated net profit falls 41% yoy to Rs 974 cr

Ø Tata Communications reports Rs 6.02 crore net profit in Q2

Ø IRDAI issues guidlines on FDI in insurance firms

Ø RBI may seek info from HK on BoB scam

Ø CTT removal demand linked to STT: official

Ø Nestle looks to resume Maggi production at all plants

Ø Dividend from bank lifts HDFC Q2 net

Ø Bharat Forge reorganises European operations