INDIA BUSINESS UPDATE - Libya Declares Ceasefire; Sensex Slides 271 Pts; PM Says Did Not Authorise Anyone To Buy Votes

Friday, Mar 18, 2011 Click here for India Business Update Mobile Version LEAD STORIES SENSEX DOWN 271 PTS, RIL PLUNGES 3.71% Sensex fell to 17,878.81 as investors sold stocks over concerns of surging oil prices. Nifty ended 5,373.70 down 72.95 points. read more I DIDN'T AUTHORISE ANYONE TO BUY VOTES: PM Refuting WikiLeaks claim, Manmohan Singh insisted that he had not authorised anybody to purchase votes nor was he involved in any such transactions. read more LIBYA DECLARES CEASEFIRE AFTER U.N. NO-FLY RESOLUTION Libya said it is ceasing all military action and will start talks with rebels immediately after United Nations authorized military actions. read more TOP STORIES • Brent tops $116 as Libya braces for U.N.-backed action • WikiLeaks expose: Both houses adjourned • U.S. didn't favour Pranab as FM: WikiLeaks • SEBI clears Vedanta open offer for Cairn India • Hasan Ali's income rose to Rs 54,268 cr in 6 yrs: CAG • CAG pulls up SEBI, IRDA for retaining surplus funds • Oil output from KG-D6 to fall 13%: RIL • SAIL, Essar, Tata, JSW accused of cartelisation • Vodafone leads in number portability, Bharti third • Hasan Ali to be in custody after ED interrogation: SC • Jairam Ramesh changed rules for Navin Jindal's plant • Tatas Motors to hike prices; Maruti, Hyundai to follow • TRAI may extend Mar 21 deadline for telemarketers • Slash stamp duty in real estate sector: PM • OnMobile in talks with TCS for stake sale • PTC India Fin Services IPO subscribed 1.18 times • Black money case: SC asks Centre to set up SIT • Japan weighs need to bury nuclear plant • G-7 sells yen in first joint intervention since 2000 • Bill Gates buys stake in Mexican bottler company more stories TOP VIDEOS Japan Will Impact Asia Due To Supply Chain Disruptions But India Will Be Largely Unscathed By The Crisis: Chetan Ahya, MD, Morgan Stanley We Dot Not Expect Radiation Levels To Reach U.S. West Coast: Barack Obama, U.S. President Brent Has Surpassed Our Q4 Target Of $120 Per Barrel Much Faster Than We Expected: Jordan Kotick, Chief Market Technician, Barclays Capital AT A GLANCE BSE 17878.81 -271.06 NSE 5373.7 -72.95 TURNOVER Rs. 141,472 cr BSE CASH Rs. 2,798 cr NSE CASH Rs. 10,528 cr NSE F&O Rs. 128,146 cr BULLION GOLD 20904 +182 SILVER 53078 +1066 CRUDE WTI 100.99 -0.43 BRENT 5141.07 -57.29 FOREX $ / Re 45.01 -0.1 £ / Re 72.781 +0.1 € / Re 63.626 +0.34 EVENTS 21-22 March 2nd Annual Conference On Promise Of A Smart Grid, Hyatt Regency, New Delhi 24-26 March 19th Convergence India 2011, Pragati Maidan, New Delhi 25 March 25th Skoch Summit: Reinventing India -- Shifting To Demand Side Governance, Shangrila, New Delhi Warren Buffett To Visit India To Launch Insurance Portal 25-27 March 17th International Exhibition & Conference On Diagnostic Medical Equipment & Technology, New Delhi EXPERT VIEWS "In 2008-09, out of Rs 2 lakh crore (tax) that remained uncollected, 'one group namely Hassan Ali alone accounted for Rs 71,874 crore of uncollected demand'." CAG Report "(On Wikileaks expose) It is unfortunate that the Opposition continues to raise the charges that are rejected by the people of India earlier. I have no knowledge of any such purchases and I am absolutely categorical, I have not authorised anyone to purchase any votes." Manmohan Singh Prime Minister (Wikileak expose) "To which industrial or business groups is (Pranab) Mukherjee beholden? Whom will he seek to help through his policies? What are Mukherjee's priorities in the upcoming budget...?" Hillary Clinton U.S. Secretary Of State (Sept 2009) WATCH OUT Investothon 2011 At the start of a new decade, CNBC-TV18 in partnership with NSE is initiating a unique and unprecedented show of support for the cause of the Indian Investor. It will bring together various stakeholders from nation's financial industry for a symbolic run to represent India's growth story. Tune into INVESTOTHON, Live from Bandra-Worli Sealink on CNBC-TV18. SHOW TIMINGS March 27th 2011 7 am onwards