Anna Hazare Announces `Jail Bharo` Movement On Apr 13; Sensex Slips 139 Pts; HSBC In India Helped Rich Tax Dodgers: U.S. Justice Dept

Friday, Apr 08, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version DAY 4: HAZARE ANNOUNCES JAIL BHARO MOVEMENT Anna Hazare, entering his 4th day of fast, announced a 'jail bharo' movement across the country on April 13 after the government rejected his demands of chairmanship of the joint drafting committee to draft the Lokpal bill being given to a civil society member and for a formal notification. Hazare pitched for former Chief Justice of India JS Verma or former Supreme Court judge Santosh Hegde as chairman of the joint committee instead of government's suggestion that Finance Minister Pranab Mukherjee should head it. read more LEAD STORIES SENSEX SLIPS 139 PTS DESPITE POSITIVE GLOBAL CUES Despite positive global cues the stock market witnessed heavy profit-booking. Nifty slipped 43.70 points to end at 5,842. Sensex closed at 19,451.45. read more HSBC IN INDIA HELPED RICH TAX DODGERS: U.S. JUSTICE DEPT The U.S. Department of Justice has said that HSBC in India helped potentially thousands of Americans dodge taxes. read more DO SOUL SEARCHING, IMPROVE PRACTICES: CAG TO INDIA INC Concerned over ethical deficit among corporates, CAG today asked India Inc to do some "soul searching" and improve business practices. read more TOP STORIES • 'Sick of graft', India Inc hails Hazare • Oil surges past $123.65 to 2.5 yr high • Silver sparkles to top Rs 60,000, gold gains • SC to direct day-to-day trial in 2G spectrum case • Black money: SC pulls up govt over threat to petitioner • Give gas to fertiliser, power cos first: Govt to RIL • India Inc's Jan-Mar deal tally at $20.56 bn • Auto exports soar 30% to 2.3 mn units in FY11 • Tata Power to raise $500 mn in bonds • Suzlon raises total bond issue size to $175 mn • RBI extends special liquidity measures till May 6 • SC notice to Indiabulls over SEBI plea • Shiv Nadar to head IIT-Kharagpur's board • Blue Dart shares hit record high on delisting news • Vedanta posts record zinc, aluminium output in Q4 • Rio Tinto acquires majority stake of Riversdale Mining • Japan says economy in "severe" condition • Google, U.S. govt close to pact on ITA acquisition • Singapore Exchange ends ASX bid after Oz rebuff • Total BRIC countries GDP to beat that of U.S. in 2015 more stories TOP VIDEOS (On Cairn Vedanta Deal) The Govt Being An Interested Party Cannot Sit On The Regulator's Seat: Siddharth Shah, Head - Corporate & Securities Practice, Nishith Desai & Associates If Gold Were A Bubble, The Whole World Would Be Trading Gold 24 Hrs A Day: Marc Faber, Author, The Gloom, Doom And Boom Report Monetary Policy Was Too Easy For Too Long, We Did Not Normalise A Policy After Bursting Of The Equity Bubble: Stephen Roach, Chairman, Morgan Stanley Asia Japan's Biggest Problem Is Not Liquidity, But The Current Slump In Consumer Spending: Martin Schulz, Economist, Fujitsu Research Institute AT A GLANCE BSE 19451.45 -139.73 NSE 5842 -43.7 TURNOVER Rs. 111,585 cr BSE CASH Rs. 3,264 cr NSE CASH Rs. 12,271 cr NSE F&O Rs. 96,050 cr BULLION GOLD 21250 +73 SILVER 58628 +694 CRUDE NYMEX 102.25 -0.08 BRENT 124.51 +1.84 FOREX $ / Re 44.03 -0.17 £ / Re 72.174 +0.21 € / Re 63.562 +0.36 EVENTS 9 April 3rd Round Table On Luxury Business, Taj Mahal, Mumbai 14-16 April 9th Conference & Interactive Workshop On Sucessful EPC Contracting In India: Addressing Fiscal & Challenges, The Imperial, New Delhi MEDC"s International Conference On "Use Of Land Resources In Economic Development Of Maharashtra" - Sahyadri Guest House, Mumbai 15 April March WPI Inflation Data To Be Released 15 April Infosys To Announce Q4 Results 15 April 4th Hydro Vision India 2011, The Park, New Delhi EXPERT VIEWS "Business practices of some corporate houses have become the subject of increasing public scrutiny for their perceived ethical deficit. Corporate India needs to go through a phase of reflection and soul searching." Vinod Rai CAG "Let this one be clear to one and all. For carrying out the Commission's sacred duty, assigned by the Constitution, we will not dither. It does not matter if there are no accolades. It also does not matter if there are brickbats. EC will stay on course." SY Quraishi Chief Election Commissioner "We support any such movement by anybody, including Ramdev and Anna Hazare, to reduce corruption soon... We are sick of corruption." Rahul Bajaj Chairman, Bajaj Auto WATCH OUT Future of Retail From high rentals and unhealthy operating costs to the lack of quality retail space,the Indian retail sector is plagued by a variety of challenges. How can this sector,burgeoning with renewed focus on creation of an ideal retail destination, attracting the right tenants & achieving optimal rentals? Watch Shereen Bhan in conversation with Noel N Tata-Vice Chairman-Trent Ltd & MD-Tata International Ltd, Arthur Segel-Poorvu Family Professor of Management Practice-Harvard Business School, Rajiv Lal-Stanley Roth Sr. Professor of Retailing, Harvard Business School, Sid Yog-Co-founder & Managing Partner-The Xander Group Inc. & Chairman-Virtuous Retail. SHOW TIMINGS Saturday 10:30pm Sunday 9am