INDIA BUSINESS UPDATE - Sensex Up 169 Pts; Lavasa Flip-Flops On Petition Withdrawal Against MoEF; Why Bookies Are Accepting Dus Rupaiya Bets

Wednesday, Mar 30, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version WHY BOOKIES ARE ACCEPTING DUS RUPAIYA BETS Don't be fooled by the sound of those humble figures. It's just a clever ploy by big-shot bookies who are using those terms to accept bets worth crores on the semis and final. If a top bookie is heard accepting dus rupaiya for a bet, the measly amount actually means Rs 10 lakh. Insiders say that some top bookies do not accept bets below pachas rupaiya (Rs 50), which actually means Rs 50 lakh. Its a clever ploy to distract cops. According to a top bookie, at least three politicians have rented out their properties in the city and its outskirts for betting purposes. The connivance of the ministers and politicians in the states of Maharashtra and Gujarat can be gauged from the fact that not a single bookie or punter has been arrested during the last 40 World Cup matches. read more LEAD STORIES MKT SEES 7TH CONSECUTIVE DAY GAIN, SENSEX UP 169 PTS Sensex closed at 19,290.18 points on steady FII inflows and firm global cues. Nifty ended at 5,787.65 up 51.30 points. read more LAVASA FLIP FLOPS ON PETITION WITHDRAWAL AGAINST MoEF In some kind of a settlement between Lavasa and MoEF, the company's counsel is seeking to withdraw petitions at the Bombay HC against the ministry. read more TOP STORIES • Mahindra Satyam likely to seek part of Raju's assets • Balwa & Agarwal remanded in CBI custody till Apr 1 • ED gets court's okay to quiz Hasan Ali at its office • DB Realty shares surge by 40% in two days • $7.68 bn pulled out fm global mkts in wk ended Mar 23 • SBI alone to manage EPFO's Rs 3 lk cr fund till June • ONGC's consent needed in Cairn-Vedanta deal • India Inc faces Rs 1 lk/day power penalty • Deepak Fertilisers to invest $350 mn in Australia • PTC India Financial lists 11% lower than issue price • iGate open offer for Patni shares to start from Apr 8 • MCX to seek SEBI nod for IPO this week • 2006 rape case: Court acquits Shriram Mills' Kasliwal • Shiney Ahuja gets 7-yr jail in rape case • Madras HC dismisses Tirupur dyeing units plea • BHEL bags Rs 5,450 cr order from Bajaj group co • Engineering exports cross $50 bn mark in Apr-Feb • Iron ore exports down by 18.6% in Feb to 10.13 MT • National broadband policy to be sent to cabinet • China economist blasts dollar dominance more stories TOP VIDEOS Market To Stabilise On High FII Flow In H2FY11: Nirmal Jain, Chairman, India Infoline Not Time To Short The Market; Wait For Reversal: Jai Bala, Chief Market Technician, Cashthechaos.com Weakness In Dollar Reflected In Euro's Strength: Philip Roth, Chief Technical Analyst, Miller Tabak AT A GLANCE BSE 19290.18 +169.38 NSE 5787.65 +51.3 TURNOVER Rs. 168,804 cr BSE CASH Rs. 2,998 cr NSE CASH Rs. 12,310 cr NSE F&O Rs. 153,496 cr BULLION GOLD 20716 +75 SILVER 55820 +655 CRUDE NYMEX 102.25 -0.08 BRENT 115.31 +0.15 FOREX $ / Re 44.745 +0.06 £ / Re 71.744 +0.42 € / Re 62.947 +0.11 EVENTS 31 March-1 April 11th CII Annual Marketing Summit 2011, Intercontinental The Lalit, Mumbai 1 April 4th International Conference On Cyber & Network Security, The Oberoi, New Delhi 5 April FSLRC Panel To Meet 8 April iGate Open Offer For Patni Shares EXPERT VIEWS "All of us must continue to increase the pressure on and deepen the isolation of the Gaddafi regime through other means as well. This includes a unified front of political and diplomatic pressure that makes clear to Gaddafi that he must go." Hillary Clinton U.S. Secretary of State "Dr Singh is a good humored and seasoned politician. Both the sides want to improve the bilateral relationship. By inviting Pakistan leadership to watch the match he has sent positive signals that will help bringing the two nations closer. The idea behind my visit to Mohali is to promote cricket and friendship with India." Yousuf Raza Gilani Pakistan Prime Minister "The (Congress) party offices should be like wedding houses with cadres moving around working like bees and they should shift to election mode and not lose hope...There is no doubt that the DMK alliance will win more seats this time." P. Chidambaram Home Minister WATCH OUT India Business Hour A dynamic news show that gives you the best of the days events - be it business, politics, sports or even entertainment. SHOW TIMINGS Thur 9 pm