Daily News Roundup - July 22 2010

DoT to issue show-cause notices to Idea over six overlapping licences. (ET)

HDFC and Kotak Bank to rework profit forecast for insurance arms. (ET)



SKIL may make open offer to Everonn investors today. (ET)

ONGC, Oil India, GAIL and IOC have combined forces to acquire BP’s stake in Vietnam gas project. (BL)

L&T has completed manufacturing the first India-made nuclear grade canister for Transnuman clear Inc. (BL)

Adani Power sets up subsidiary for 3,300MW Bhadreshwar plant. (BL)

TCS expects IT spending to shoot up. (ET)

DLF plans to exit retail venture. (BS)

Ranbaxy to sell Daichii Sankyo’s anti-bacterial drug in two countries. (BL)

BHEL, GE unit sign pact for oil, gas compressors. (BL)

Indian Hotels re-assessing product mix for resort/spa project in Phuket. (BL)

Low-cost air carriers Indigo, Spicejet and GoAir are set to nearly double their fleet capacity over the next 17 months. (BS)

Rolta to make night goggles for defence sector. (BL)

The cabinet is likely to take up the PowerGrid FPO today to raise up to Rs30bn. (BS)

Actis to buy Halonix’s lighting business. (ET)

Finance Minister unveiled a three-year plan for moving to a single-rate goods and services tax (GST) regime of 16% for the centre as well as states. (BS)

RBI may prescribe a higher capital requirement for banks from financial year 2012-13. (BS)

TRAI plans to cap the monthly subscription charges for cable TV services at Rs250 across the country. (BS)

Government asks Telecom operators to address gear security issues. (ET)