2G Scam: No Bail For Sanjay Chandra, Vinod Goenka & Others; Sensex Spurts 349 Pts; Gold Breaks $1,500/Oz Mark First Time Ever

Wednesday, Apr 20, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version 2G SCAM: NO BAIL FOR CHANDRA, GOENKA & OTHERS Special Judge OP Saini of CBI Court rejected the bail application of Reliance ADAG executives Gautam Doshi, Hari Nair and Sanjay Pipara along with Unitech's Sanjay Chandra and DB Realty's Vinod Goenka and sent them to 14 days of judicial custody. All the 5 accused have moved the Delhi High Court, challenging the trial court's refusal to grant them bail. read more LEAD STORIES SENSEX SPURTS 349 PTS ON MONSOON FORECAST Sensex closed at 19,470.98 on heavy capital inflows amid forecast of normal monsoon for this year. Nifty spurted 110.90 points to end at 5,851.65. read more GOLD BREAKS $1,500 MARK FIRST TIME EVER Worries over U.S. economy outlook and rising inflation in Asia boosted gold prices to all-time high. Silver too hit a 31-year high at $44.79 an ounce. read more TOP STORIES • SBI withdraws teaser home loan scheme from May 1 • Sanjay Chandra told to quit as Unitech Wireless chief • 2G scam: DB Realty, Unitech stocks hammered on NSE • GoM to meet soon on Vedanta-Cairn deal • Tata Power ups fund raising plan to $450 mn • Samsung not in talks to buy Pipavav stake • Agri growth may cross 4% in 2011-12: Pawar • China's March steel prodn at 59.4 MT, India's 6.35 MT • HCL Tech Q3 net up 33% to Rs 482 cr • Muthoot Finance IPO over subscribed 11.02 times • Jindal Steel eyes 100% stake in Rocklands • IOC losing Rs 297 cr a day due to under-recoveries • Diamond biz highest black money generators: I-T Dept • PSLV launch successful, satellites injected into orbit • Notice to Attorney General over Lokpal Bill • I don't support smear campaign: Sonia to Anna • Rumours on Sai Baba taking 'Sajeeva Samadhi' • 'Americans need not visit India for cheap health care' • BofA to spin off $5 bn private equity unit • Extortion charges: Indian i-banker convicted in U.S. more stories TOP VIDEOS I Am Not The 'Papa' Of The CD: Amar Singh, Former Samajwadi Party leader Gold To Rise, Dollar To Fall, Silver To Outperform: Juerg Kiener, MD & CIO, Swiss Asia Capital My Take On The Indian Share Market Is It Is A Market That One Would Probably Best Trade As Neutral Over The Next Year Or So: Shane Oliver, Head - Investment Strategy & Chief Economist, AMP Capital Investors AT A GLANCE BSE 19470.98 +349.15 NSE 5851.65 +110.9 TURNOVER Rs. 172,607 cr BSE CASH Rs. 3,668 cr NSE CASH Rs. 13,028 cr NSE F&O Rs. 155,910 cr BULLION GOLD 21846 +22 SILVER 65913 +1318 CRUDE NYMEX 102.25 -0.08 BRENT 122.52 +1.19 FOREX $ / Re 44.29 -0.08 £ / Re 72.636 +0.31 € / Re 64.3 +0.59 EVENTS 21 April TCS, RIL Q4 Results Public Accounts Committee Meeting On 2G Scam To Decide On Witnesses Finance Ministry & Industry Chambers Meet To Discuss Revised Takeover Code 7th Marketing Conclave, ITC Lower Parel, Mumbai Planning Commission Meeting To Discuss 12th Five-Year Plan 23 April Second Phase Of Polls To West Bengal Assembly 26 April Finance Ministry To Meet PSU Bankers For Annual Performance Review, New Delhi EXPERT VIEWS "You (Anna Hazare) should have no doubt of my commitment in the fight for probity in public life. I strongly support the institution of a Lokpal that is consistent with the practices and conventions of our Parliamentary democracy." Sonia Gandhi Congress President "You can't have two Indias. What is this stark contradiction in our whole approach in eradication of malnutrition. You say you are a powerful country but at the same time, starvation deaths are taking place in various parts of the country. It (malnutrition) must be totally eliminated and eradicated." Justices Dalveer Bhandari & Deepak Verma Supreme Court "My preference would be that you don't have to travel to Mexico or India to get cheap health care. I'd like you to be able to get it right here in the United States of America that's high quality." Barack Obama President, USA WATCH OUT India Tonight with Karan Thapar Karan Thapar, India's leading commentator and columnists leads a power packed current affairs show. Focusing on the big story of the day, India Tonight cuts through the clamor and goes beyond the hype to the real story behind the headlines, from all perspectives. SHOW TIMINGS Mon - Thur 10:30 pm