Top stories on Kences1 at 3PM

* Chidambaram sees interest rates moderating 6-12 months.
* Merrill Lynch says India among most adversely hit mkt on high oil rate.
* Govt to seek 3G spectrum global bids; BSNL, MTNL to get it right away.
* Yes Bank hikes PLR by 50 bps effective today.
* Tata Motor Fin mulling loan rate hike after 100 bps increase in Jun.
* M&M Jul total vehicle sales excluding tractors 18,407 units.
* Tata Steel sets up holding co for overseas steel, mining assets.
* CMD says Videocon Ind to hike some consumer durable product prices.
* Bajaj Auto Jul total sales 193,704 units vs 185,890 yr ago.
* India Jun exports up 24% on year, imports 26%.
* Semiconductor policy attracts invest proposals worth 929 bln rupee.
* L&T ops head Nayak sees FY09 revenue growth 20-25% vs 30% guidance.
* Oil ministry says govt to soon discuss fresh oil bond OMO with RBI.
* Govt to review ban on futures trade in 4 pdts, grain export next wk.
* Himachal Pradesh to buy 1.4 mln L mustard oil for Aug-Sep delivery
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