Daily News Roundup - July 8 2010

IDFC to raise Rs8.4bn through the sale of convertible securities to Khazanah, investment holding arm of Malaysian government and Actis. (ET)

Reliance Infra to buy power from three suppliers for the next three years. ((ET)

Maindra Satyam sets up centre for BASF services in Chennai. (ET)

NMDC in talks to buy coal mines in Russia. (ET)

Kingfisher Airlines has agreed to pay all its dues to HPCL by July 31

Gitanjali Gems enters into real estate business. (BS)

Media companies such as PVR, Balaji Telefilms and UTV Motions have opposed tax on copyright services. (BS)

PTC arm, PTC Financial Services Ltd (PFS) to list by November. (DNA)

Reliance Mediaworks has raised its stake in Fame. (DNA)

Ruchi Soya plans to acquire 150,000 hectares of land for palm plantation in Africa and Asia. (BS)

SCI not to bid for JNPT fourth container terminal. (DNA)

Karuturi Global to invest US$100mn in its new sugar unit in Ethiopia. (DNA)

Coal India may tap capital markets via IPO in October. (ET)

Sebi relaxes exposure margin norms for derivatives. (BS)

Government mulls restrictions on hot-rolled coil imports. (BS)

The RBI has urged FM to allow the Securities and Insurance Laws ordinance 2010 to lapse since it could affect the autonomy of all regulators including the Central Bank. (BS)

Tea prices to firm up on low output. (BS)

RBI board may discuss private banking license today. (BS)

Telecom Commission has failed to take a decision on BSNL listing in its meet on Wednesday. (ET)

Government may raise FDI in defence sector. (ET)

FICCI demanded that the MAT rate to be cut to 15% of the book profit in the Direct Tax Code. (ET)