The Economic Times Daily Newsletter

	Dated:February 08,2011

Top Headlines Government hit by two new telecom scandals: Reports India is probing two new cases involving the allocation of telecom spectrum, increasing the pressure on Prime Minister Manmohan Singh's government. iGate, Patni staff retention bonus up to 6-month pay The bonus package will cover around 500 senior staff at the mid-management level - 300 from Patni Computer and 200 from iGate. Hyundai to launch 6 models in 3 years, spend Rs 200 cr on ads Hyundai Motor India said it will launch at least six new models in the next three years as it looks to enhance its position in the domestic car market. Most Read Story iGate, Patni staff retention bonus up to 6-month pay The bonus package will cover around 500 senior staff at the mid-management level - 300 from Patni Computer and 200 from iGate. Most E-mailed Story TCS, L&T, RIL, Tata Motors, NTPC safe bet to retire on As investors in these stocks, you have to use valuation as a criterion and re-balance your portfolio at least every year. Most Commented Story Why we cannot expect Egypt-like situation in India Since Cairo took to the streets, there is one question that comes up repeatedly in India. How have we been saved from such anarchy, in spite of our faltering democracy? Latest Updates Sensex, Nifty end at 7mth low on all-round selling India to cut export transaction cost by Rs 2,100 cr Stop looking at IT industry as a cash-cow: Sibal Citi hires Conway to lead EMEA private equity team		Market Round-up SENSEX 17775.70 -261.49 NIFTY 5312.55 -83.45 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Goldstone Technologies Lt 9.05 + 11.73 Pioneer Distilleries Ltd. 81.50 + 8.52 Pitti Laminations Ltd. 36.30 + 7.72 Malu Paper Mills Ltd. 13.45 + 7.60 Nava Bharat Ventures Ltd. 266.65 + 6.57 NSE Losers Scrip Price(Rs.) %Change Oil And Natural Gas Corpo 282.05 -76.39 Den Networks Ltd. 113.10 -19.99 Lanco Infratech Ltd. 38.00 -17.93 Evinix Industries Ltd. 1.10 -15.38 UB Engineering Ltd. 97.45 -14.33