INDIA BUSINESS UPDATE - Sensex Slips 117 Pts; Now, Telangana Disrupts Parliament Proceedings; Ballooning Trade Deficit Unsustainable Says Govt

Wednesday, Feb 23, 2011   Click here for India Business Update Mobile Version   LEAD STORIES SENSEX SLIPS 117 PTS AS LIBYA UNREST LIFTS CRUDE   Sensex closed at 18,178.33 points on concerns of surging oil prices amid turmoil in the Middle East. Nifty fell by 31.85 points to end at 5,437.35. read more NOW, TELANGANA DISRUPTS PARLIAMENT PROCEEDINGS   The Telangana Rashtra Samiti said it will disrupt proceedings in the Lok Sabha till a timeframe is announced for carving out the separate state. read more BALLOONING TRADE DEFICIT UNSUSTAINABLE: GOVT   The government on Wednesday flagged "serious concern" over a trade deficit that could jump nearly 2.5 times to $278.5 bn in three years. read more TOP STORIES • DoT, TRAI lock horns over telemktg cos' new number   • Thousands march in Delhi against rising food prices   • CWG scam: Lalit Bhanot, VK Verma arrested   • RBI defers capping CEO compensation to 2012-13   • ICICI raises deposit, lending rates by up to 50 bps   • GIC, Bain to invest Rs 4,500 cr in Hero Investments   • ONGC's Rs 11,000 cr FPO set for Feb 28   • Govt releases draft paper for increasing exports   • 2G scam: Govt relents, JPC to have 30 members   • Airport Express opens; reach Delhi airport in 18 min   • Peugeot plans manufacturing facility in Gujarat   • Tatas seek a regulator for real estate sector   • Hindalco declares lock out at Kerala plant   • Anil Ambani stocks jump, RInfra up 12%   • Govt may issue IFRS notification on Feb 24   • Airtel, 16 global telcos launch India, Europe gateway   • Wikileaks now selling T-shirts online to raise funds   • Brent crude futures climb on Libyan unrest   • Nasdaq mulls NYSE bid in exchange deal dash   • Barclays beats Lehman in $11 bn "windfall" suit   more stories TOP VIDEOS Budget Needs To Focus On Sops For Job Creation: Mohandas Pai, Director & Head - Human Resources, Infosys   Crude Can Go Up To $150/Barrell Over Next Decade: Jim Rogers, Chairman, Roger Holdings   Rate Hikes Not Answer To Rising Food Prices: Dr Robert Johnson, Executive Director, The Institute For New Economic Thinking   Hopeful And Confident That The Government Will Reinstate The Technology Upgradation Fund Scheme: Nitin Kasliwal, Chairman, S Kumars   For hassle-free subscription to Forbes India just give us your contact details and our customer care agent will get in touch with you. Mobile:  Email:  AT A GLANCE BSE 18178.33 -117.83 NSE 5437.35 -31.85 TURNOVER Rs. 184,888 cr BSE CASH Rs. 3,076 cr NSE CASH Rs. 11,928 cr NSE F&O Rs. 169,884 cr BULLION GOLD 20806 +19 SILVER 49551 +331 CRUDE WTI 96.58 +3.01 BRENT 4905.86 +91.21 FOREX $ / Re 45.05 -0.1 £ / Re 73.098 +0.27 € / Re 61.777 +0.1 EVENTS 24 February CII Seminar On Emerging Opportunities For India-Saudi Arabia Business Cooperation, Taj Palace, New Delhi 24 February SC Hearing On Govt's Complaint Against Radia 24 February SC To Hear Case Against Former Sebi Chief CB Bhave 24-27 February Agri Food Technology Meet 2011, Lulu International Convention Center, Thrissur, Kerala 25 February Railway Budget & Economic Survey 25 February Seminar On Sustainable Business Growth Focusing On SMEs, Panaji, Goa 25 February M3, Bank Deposits & Credit As On February 11 To Be Detailed By RBI 25 February CII Steel Summit Inaugural Session, ITC Maurya, New Delhi 28 February The Union Budget 2011   EXPERT VIEWS "Everything has come to a standstill in Telangana region. If anything is going on it is firing of rubber bullets. This can be resolved right way, the Prime Minister is sitting here. If he says that government will bring a bill for a separate Telangana, we will support it." Sushma Swaraj Leader Of Opposition "If these tax concessions (worth Rs 225,000 cr given to corporates and high-end taxpayers) had been collected and invested in food security and health, we would have generated employment-demand and growth." Sitaram Yechury CPI-M Leader "This is the right time to give serious thought over allowing exports of certain quantities of rice, wheat and sugar as we have ample stocks. World prices are very good while harvest looks favourable. Exports should be allowed only to the extent where it doesn't hurt domestic consumers." Sharad Pawar Agriculture Minister WATCH OUT   Budget Report Card   Former finance minister Yashwant Sinha says nothing stops the FM from rolling out a Central GST this Budget. Watch him on the Budget Report Card only on CNBC-TV18. SHOW TIMINGS Thur 7 pm CNBC-TV18 PROGRAMME SCHEDULE      STOCKS & INVESTING      INDIA EARNINGS      PORTFOLIO To subscribe to this free newsletter log on to www.cnbc-tv18.com or email us at IBU@moneycontrol.com You can also SMS IBU <space> your email id to 51818 To unsubscribe click here. Feedback | Participate in shows