INDIA BUSINESS UPDATE - Sensex Soars 265 Pts; Sebi Retracts, Says Vedanta-Cairn Deal Not Okayed

Monday, Mar 14, 2011

SPECIAL LEAD
JAPAN QUAKE IMPACT SEEN DEEP AND LONG
Japan's already weak economy faces deeper damage than initially thought from the triple blow of a devastating earthquake, tsunami and nuclear disaster and risks prolonging its sluggish recovery. Japan's unfolding nuclear-power crisis deepened with a new explosion and accelerated overheating at one reactor in Fukushima and the start of cooling troubles at another. A massive selloff on the Tokyo Stock Exchange wiped out some 23.5 trillion yen ($287 billion) from the market's value on Monday. Economic losses will reach around 14 trillion yen to 15 trillion yen ($171-$183 billion) says Credit Suisse in a research note. read more
LEAD STORIES
FALLING CRUDE PRICES LIFT SENSEX UP 265 PTS
Markets recovered on easing crude prices and inflation numbers. Nifty gained 86.05 points to end at 5,531.50, Sensex closed at 18,439.48 points. read more
SEBI RETRACTS, SAYS VEDANATA-CAIRN DEAL NOT OKAYED
SEBI's website this afternoon showed that it had cleared the deal, but later, it corrected the information saying the issue was still under process. read more

TOP STORIES

TOP VIDEOS

AT A GLANCE
BSE 18439.48 +265.39
NSE 5531.5 +86.05
TURNOVER
Rs. 113,701 cr
BSE CASH
Rs. 2,926 cr
NSE CASH
Rs. 9,704 cr
NSE F&O
Rs. 101,071 cr
BULLION
GOLD 21031 +57
SILVER 54038 -15
CRUDE
WTI 100.6 -0.56
BRENT 5138.88 +29.52
FOREX
$ / Re 45.06 -0.17
£ / Re 72.686 +0.41
€ / Re 62.913 +0.25
EVENTS

15-16 March
6th Annual Conference On City Gas Distribution In India, The Imperial, New Delhi


16 March
Consumer Investment Summit 2011, Taj President, Mumbai


16-18 March
Water Expo, Chennai Trade & Convention Centre, Chennai


18-19 March
Rudicon 2011,"Rural Energy Security Through Distributed Clean Power Generation" Indian Merchants Chamber, Mumbai


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

EXPERT VIEWS

"Almost one lakh crore of rupees, may be a little less than that, we have been able to bring under the tax net in last 18 months...Millions upon millions, billions upon billions can be quoted (as quantum of funds stashed abroad in tax havens) but it has to be accepted by the court of law."

Pranab Mukherjee
Finance Minister
"To ensure that every person gets justice through the legal system, the government would set up courts at taluka levels in all 225 blocks of the state during the Golden Jubilee year of the state."

Narendra Modi
Chief Minister, Gujarat
"We want to have a deep-rooted locomotive manufacturing base in India...pace of decision making is affecting the business here...It has been frustrating, it has taken so long... but we are still hopeful that someday we would be able to manufacture locos here."

Jeffery R Immelt
Chairman & CEO, GE

WATCH OUT
Investothon 2011
15th March 2011 is World Investor Day. To support investor Education and Empowerment on the India Chapter of this Global event, NSE & CNBC-TV18 Present Investothon 2011 to be held on 27 March 2011 in Mumbai. To participate in this historic run, SMS INVC space name and company to 51818. You can also win two tickets to Goa.
SHOW TIMINGS
27 March, 7 am onwards

CNBC-TV18 PROGRAMME SCHEDULE STOCKS & INVESTING INDIA EARNINGS PORTFOLIO
IBU Mobile version India Business Update

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