INDIA BUSINESS UPDATE - 2G Scam: PAC Grills Anil Ambani & DB Etisalat CEO; War Against Corruption: Hazare Begins Fast-Unto-Death; Sensex Down 14 Pts

Tuesday, Apr 05, 2011 Click here for India Business Update Mobile Version LEAD STORIES 2G SCAM: PAC GRILLS ANIL AMBANI & DB ETISALAT CEO Anil Ambani told PAC that it's tough to answer any questions on the 2G scam since the matter is sub-judice but he did admit to making mistakes. read more WAR AGAINST CORRUPTION: HAZARE BEGINS FAST-UNTO-DEATH Anna Hazare today began his fast unto death demanding enactment of a comprehensive law like the Jan Lokpal Bill to tackle corruption. read more SENSEX DOWN 14 PTS ON PROFIT BOOKING Sensex fell to 19,686.82 points on profit booking amid high oil prices, inflation and weak global cues, while Nifty was up 1.60 points at 5,910.05. read more TOP STORIES • SEBI approves Cairn India deal: Vedanta chief • Vodafone moves SC against I-T dept's $2 bn tax notice • Sistema Shyam sent termination notices for 3 circles • Silver futures on a new high at Rs 59,331 • Rupee up 17 paise, closes at 5-mth high of 44.42/$ • Amit Mitra quits Air India Board • FinMin fast tracks all cross-border taxation cases • Foreign airlines can't settle transactions abroad: RBI • High inflation "the new norm" says RBI's Gokarn • $24.5 bn pulled out from emerging mkts in Jan-Mar • No intention of increasing stake in Idea: Axiata • SC lifts ban on iron ore shipments from Karnataka • Ashok Soota announces new venture 'Happiest Minds' • Honda completes exit from Hero Honda • Future Group to sell financial products in its stores • Maruti Suzuki India hikes prices by up to Rs 9,000 • Harley Davidson launches superbike priced at Rs 8.5 lk • Sathya Sai Baba critical but stable • Kumar Sangakkara quits ODI, T20 captaincy • Muhammad Yunus loses battle in Bangladesh court more stories TOP VIDEOS Inflation Is High Despite Policy Rate Hike: Subir Gokarn, Deputy Governor, RBI Interest rates, Scams To Put India Off Radar: Mark Mobius, Executive Chairman, Templeton Asset Management AT A GLANCE BSE 19686.82 -14.91 NSE 5910.05 +1.6 TURNOVER Rs. 121,069 cr BSE CASH Rs. 3,659 cr NSE CASH Rs. 13,124 cr NSE F&O Rs. 104,285 cr BULLION GOLD 20750 +64 SILVER 56959 +277 CRUDE NYMEX 102.25 -0.08 BRENT 121.87 +0.81 FOREX $ / Re 44.42 -0.16 £ / Re 72.132 +0.83 € / Re 62.992 +0.21 EVENTS 6 April Government To Consider Cairn-Vedanta Deal 6 April 7th Two Day Hotel Investment Conference South Asia 2011, The Grand Hyatt, Mumbai 6 April ASSOCHAM Conference On Value Creation Through M&A, Intercontinental Eros, New Delhi 8 April CII Conference - Securing The Future: Framework For Inclusive Growth, Taj Palace, New Delhi EXPERT VIEWS "Despite significant actions on policy rates and liquidity by the Reserve Bank of India, inflation remains high, giving rise to some very fundamental questions. This higher rate of inflation previously believed to be unacceptable is now the new norm." Subir Gokarn Deputy Governor, RBI "We will fast unto death until the government enacts the Jan Lokpal Bill which is most necessary to fight corruption in our country." Anna Hazare Social Activist "Dhoni is a leader by example. I have never seen a player give as much effort to every game. He leads by example. He is the 100% man. I've never seen him lose his temper. He loves taking responsibility and when the team loses, no one feels it more than him." Gary Kirsten Outgoing Indian Team Coach WATCH OUT Young Turks Dream Decade This week we go On The Road to meet Roben Dass of Koochie Play Systems, the only Indian company that designs and builds outdoor playground equipment certified to International standards. On Young Turks Tutorial, catch the Co-founders of Babyoye.com, an ecommerce website, in a master class with Sanjeev Bhikchandani of Naukri.com. And on YT Buzz meet 14 year old Sindhuja Raman, the world's youngest CEO. SHOW TIMINGS Wed 7:30 pm