INDIA BUSINESS UPDATE - Sensex Up 71 Pts; PM To Break Silence On 2G, Meet Editors On Feb 16; CBI Summons All Telco Chiefs

Tuesday, Feb 15, 2011 Click here for India Business Update Mobile Version LEAD STORIES PM TO BREAK SILENCE ON 2G, MEET TOP EDITORS ON FEB 16 Prime Minister Manmohan Singh will meet the editors from all major television channels and is likely to break his silence on the 2G spectrum scam. read more 2G SCAM: CBI SUMMONS ALL TELCO CHIEFS Continuing with its probe in the 2G scam, CBI issued summons to all the licensees including Loop, Tata Teleservices, Etisalat DB and Uninor. read more SENSEX UP 71 PTS IN VOLATILE TRADE; RIL LEADS RALLY Sensex ended at 18,273.80 points on capital inflow by FIIs as blue-chips were available at attractive values. Nifty closed 25 points up at 5,481. read more TOP STORIES • Now, BJP wants JPC probe in CWG, Adarsh scams too • Swiss relax rules for info exchange on black money • IRDA cancels PNB Principal Insurance licence • Silver coins up by Rs 3,600; at all-time high of Rs 54K • Cairn-Vedanta deal may go to Cabinet in 2-3 weeks • RComm to exit PCO, fixed wireless biz • Sequoia Capital announces new team for India • Tata Steel cons Q3 net up over two-fold at Rs 1,003 cr • TCS targets $1 bn revenue from cloud computing • In-person verification of clients must for brokers: NSE • Govt to bear up to 50% oil firms subsidy burden • Oil retailers hike jet fuel prices by over 4% • SBI to launch Rs 2,000 cr retail bond issue on Feb 21 • EPFO for 9.5% interest on PF; not to invest in bourses • Health insurance claims up 82% to Rs 7,456 cr in FY10 • World Cup: ICC pulls up Dhoni for ambush marketing • NYSE merger deal nears as D.Boerse board meets • Twitter CEO dismisses takeover by Google, Facebook • Mubarak's health declining; in coma • 170 fall ill after partying at Playboy Mansion more stories TOP VIDEOS If Banks Are Allocated Lesser Amount This Budget, We Wouldn't Go For The Rights Issue: OP Bhatt, Chairman, SBI We Have An Avenue That Black Money Will Go Back To India But India Will Have To Do The Homework: Prof Daniel Fischer, Senior Partner, Fischer & Partners AT A GLANCE BSE 18273.8 +71.6 NSE 5481 +25 TURNOVER Rs. 168,095 cr BSE CASH Rs. 3,710 cr NSE CASH Rs. 13,511 cr NSE F&O Rs. 150,873 cr BULLION GOLD 20510 +140 SILVER 46588 +433 CRUDE WTI 85.52 +0.71 BRENT 4668.05 -35.69 FOREX $ / Re 45.42 0 £ / Re 73.367 +0.55 € / Re 61.421 +0.11 EVENTS 16-18 February 6th Nutra India Summit, Expo Centre, World Trade Centre, Mumbai 17 February Emerging Trends In Healthcare, A Journey From Bench To Bedside, Le Meridien, New Delhi 17-19 February Electronics Expo 2011, Pragati Maidan, New Delhi 21-22 February 2nd Annual Conference On Project Management In Infrastructure Sectors, Hyatt Regency, New Delhi 21-23 February Indian Business Aviation Expo, Shangrila, New Delhi 23-26 February Chemtech World Expo, Bombay Exhibition Centre, Mumbai 23-26 February BuildArch 2011, Building The Future, Bangalore International Exhibition Centre, Bengaluru EXPERT VIEWS "I feel sorry for Manmohan Singh. He is a weak Prime Minister. A person can be good but if he is weak and becomes the Prime Minister he can't control corruption. A Prime Minister for the first time had to file an affidavit in the Supreme Court. If JPC is constituted only for 2G scam then only DMK will be tainted. We want JPC on all scams including Commonwealth games and Adarsh." LK Advani Senior BJP Leader "(On the Cairn-Vedanta deal) We cannot bailout any seller or buyer. We will not compromise on concerns of ONGC. We are trying to expedite the process. I think it may go to the cabinet in two-three weeks." Jaipal Reddy Oil Minister "...all the 9 telecom companies, who received the licenses, are being questioned by the agencies (CBI) and it is not specific to any one company. Unitech is a responsible corporate, functioning within the guidelines prescribed by the sovereign government and abiding by the law of the land and has been fully co-operating with the investigating agency." Sanjay Chandra Unitech MD WATCH OUT Young India Will India be able to deliver on its demographic dividend? Will UPA II fill governance gaps in 2011? And what is Young India's Budget wish list? Catch Rajeev Chandrasekhar, MP Rajya Sabha, Vikram Akula, Founder & Chairman SKS Microfinance, Conrad Sangma, Leader Of Opposition Meghalaya Assembly, and Chhavi Rajawat, Sarpanch, Soda Village, Rajasthan discuss all this and more on Young India. SHOW TIMINGS Wednesday 7 pm CNBC-TV18 PROGRAMME SCHEDULE STOCKS & INVESTING INDIA EARNINGS PORTFOLIO