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Morning News Round Up :

Ø  RBI eases financing norms for infrastructure, affordable housing projects 

Ø  Satyam case: Sebi bans Raju, 4 others for 14 yrs; seeks Rs 1,849cr 

Ø  TRAI reduces ceiling tariff for dedicated broadband lines

Ø  Govt to make investor-friendly changes in Land Act

Ø  BRICS investment fund likely to have $10 billion initial capital: Source

Ø  MTNL appoints SBI Cap for evaluating investment scope in UTL
 
Ø  ONGC to sell stake in Mangalore petchem project to MRPL

Ø  33 Mutual Fund houses violate ’20-25 rule’: Sitharaman

Ø  Negotiations on with other countries to sign new tax treaties: FM

Ø  SAIL proposes to set up steel plant in Telangana

Ø  Private power companies express concerns over bidding norms

Ø  DLF plans to raise Rs 3,500cr via securities backed by IT SEZs

Ø  RBI allows banks to issue long-term bonds

Ø  China’s FDI up 2.2% at $63.3 bn in H1

Ø  Ace investor buys 2% in Jain Irrigation 

Ø  Bombay HC upholds compulsory license granted to Natco on Nexavar drug

Ø  Sadbhav Engineering joint venture bags Rs. 550-cr mining order in Rajasthan 

Ø  Turnover of commodity exchanges down 65% in Q1: FMC
 
Ø  JSW Steel offers to buy parts of Italy’s Lucchini

Ø  NPPA prescribes bitter pill for drug companies

Ø  Microsoft to overtake Yahoo in global digital ad share

Ø  Oil contango seen reviving trading strategy dormant since 2010

Ø  India largest consumer of antibiotics in the world

Ø  Bharti Airtel sells majority stake in Beetel to Brightstar

Ø  BRICS bank plan snag blows over, China to get HQ, India presidency

Ø  Private players seek favourable bidding norms for UMPPs

Ø  BRICS may set up fund to invest in infra projects

Ø  Govt rules out privatisation of Air India

Ø  Satyam Computer scam: Sebi pegs biggest corporate fraud at over Rs 12,000 cr
 
Ø  KFA dues: Service Tax Dept seeks its share from banks’ pie

Ø  MFs fear Rs 1.5 lakh crore outflows; seek Sebi help 

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