INDIA BUSINESS UPDATE - Western Strike Hits Gaddafi Compound; Sensex Down 39 Pts

Monday, Mar 21, 2011 Click here for India Business Update Mobile Version LEAD STORIES SENSEX FALLS 39 PTS ON OIL PRICE CONCERNS Sensex closed at 17,839.05 points as oil prices led to concerns over rise in inflation and interest rates. Nifty fell 8.95 points to end at 5,364.75. read more WESTERN STRIKE HITS GADDAFI COMPOUND Western forces' second wave of air strikes that hit Gaddafi's compound was seen as intention to kill Muammar Gaddafi, while U.S. officials denied it. read more TOP STORIES • Over 10,000 pilots to come under DGCA lens • Essar Energy to buy Shell refinery for $350 mn • Brent above $115; Libya action stokes fears • Widening FDI, FII inflows gap a cause of concern: RBI • Rupee rises by 12 paise to over one-week high • FM likely to table bill on GST on Mar 22 • BJP to move privilege motion against PM on Mar 22 • SC admits RComm petition challenging TDSAT order • Rs 700 cr fine on telcos for violation of laws • Mylan sues FDA to block Ranbaxy's Lipitor approval • StanChart picks up 3% stake in United Stock Exchange • ICICI Lombard plans rivals doom post portability • Insider trading: Rajat Gupta resigns as ISB chairman • I close my ears when IT czars talk green: Env Min • RIL loses top spot to Tata as best Indian brand • Media & ent sector to touch $28 bn by 2015 • Big corporates get lavish tax sops, says CAG • Message 'Unhappy' to resolve complaints with SBI • With $39 bn T-Mobile USA buy, AT&T to be mkt leader • Japan a 'buying opportunity', will recover: Buffett more stories TOP VIDEOS The Prime Minister's Image As An Administrator Requires Some Degree Of Relook: Vinod Sharma, Political Editor, Hindustan Times (On Japan Crisis) The Negative Effect For India Both In Terms Of Exports As Well As GDP Growth Would Be Minimum: Chandrajit Banerjee, Director General, CII We Clearly Believe Inflation For This Year Is Going To Be Well Above RBI's Comfort Zone: Leif Eskesen, Chief Economist - India & ASEAN, HSBC BBC's Hard Talk - Arab Issues Are Going To Wind Themselves In The Right Way: Ehud Barak, Defence Minister, Israel AT A GLANCE BSE 17839.05 -39.76 NSE 5364.75 -8.95 TURNOVER Rs. 127,764 cr BSE CASH Rs. 2,999 cr NSE CASH Rs. 8,213 cr NSE F&O Rs. 116,552 cr BULLION GOLD 21000 +152 SILVER 53965 +854 CRUDE WTI 102.27 +1.2 BRENT 5180.85 -17.07 FOREX $ / Re 45.01 -0.12 £ / Re 73.241 +0.42 € / Re 63.822 +0.16 EVENTS 22 March Pranab Mukherjee Likely To Table GST Amendment Bill In Parliament 22 March BJP To Move Privilege Motion Against Manmohan Singh In Lok Sabha 24 March Meeting Of European Leaders To Finalise Plans To Solve The Eurozone Crisis 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 EXPERT VIEWS "...we have got some more suspicious cases, but there is nothing confirmed as yet and investigations are going on...(DGCA is) considering looking into all the CPLs (commercial pilots license). There are over 10,000 CPL holders in the country." EK Bharat Bhushan DGCA Chief "It will take some time to rebuild, but it will not change the economic future of Japan. If I owned Japanese stocks, I would certainly not be selling them. Frequently, something out of the blue like this, an extraordinary event, really creates a buying opportunity. I have seen that happen in the United States...I don't think Japan will be an exception." Warren Buffet Chairman, Berkshire Hathaway "I close my ears when the IT czars are giving long lectures on green buildings. The IT industry is a huge guzzler for air conditioning. IT buildings are horribly inefficient when it comes to meeting energy efficient levels." Jairam Ramesh Environment Minister WATCH OUT Warren Buffet & Bill Gates Visit India Tune into CNBC-TV18 from March 23rd for "Insider Access" with CNBC Global anchor, Becky Quick, on the visit of two of the World's richest men to India, Warren Buffett and Bill Gates. SHOW TIMINGS 23rd March onwards