Contempt Proceedings Against Striking AI Pilots; Sensex Down 156 Pts; Royal Wedding: Prince William Marries Kate

Friday, Apr 29, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version RURAL HOUSEHOLDS PAID OVER RS 470 CR IN BRIBES Ranging from Re 1 to Rs 950, rural households in the country could have paid a whopping Rs 471.8 crore last year as bribe to avail basic facilities such as ration, health, education and water supply says the 'India Corruption Study: 2010' prepared by Centre for Media Studies (CMS). The study said the total amount of Rs 471.8 crore is "equal or less" than the total expenditure made under MNREGA during 2010-11 in states like Assam, Gujarat, Kerala, Himachal Pradesh and Maharashtra. read more LEAD STORIES HC INITIATES CONTEMPT PROCEEDINGS AGAINST AI PILOTS The Delhi High Court today decided to initiate contempt proceedings against striking Air India pilots for defying its order to resume work. read more SENSEX DOWN 156 PTS AHEAD OF RBI MEET Sensex closed at 19,135.96 points amid fears of rate hike by RBI following unabated rise in food prices. Nifty ended at 5,749.50 down by 35.95 points. read more ROYAL WEDDING: PRINCE WILLIAM MARRIES COMMONER KATE Prince William and Kate Middleton married at Westminster Abbey in a sumptuous show of British pageantry that attracted a huge world audience. read more TOP STORIES • 2G scam: Delhi HC defers decision on bail to May 2 • Govt will notify new M&A rules by May 5: CCI • Rupee up 22 paise near 3-wk high, ends at 44.21/$ • RBI raises FII cap on bonds, debentures of infra cos • Govt facing cash crunch on high tax refunds • Niko's NOC to $7.2 bn RIL-BP deal is conditional • Hero to pay Honda Rs 2,450 cr for licencing till 2014 • iGATE open offer for Patni fully subscribed • SAIL Q4 net down 28% at Rs 1,507 cr • HCC reports Rs 64.61 cr net loss for 2010-11 • Titan net profit soars 72% to Rs 433 cr in FY11 • Fortis to list 2 entities worth $1.5 bn in Singapore • Fitch revises Airtel's outlook to negative • Sword maker Windlass acquires Spanish firm Marto • SC suspends operations in 19 Karnataka mines • Andhra Pradesh cancels MoU with Moser Baer • Idea moves TDSAT agst DoT notice to cancel licence • Yuan breaks through 6.5/$ for first time since 1993 • Apple overtakes ZTE in handset mkt, Nokia falls • K Balachander wins Dadasaheb Phalke Award more stories TOP VIDEOS I am 100% Certain That Anil Ambani And Tata Will See The Insides Of A Jail: Subramanian Swamy, Telecom Scam Petitioner In This Business (Aviation), Every Little Thing Matters That Differentiates Between Success And Failure: Rahul Bhatia, Chairman, IndiGo Airlines AT A GLANCE BSE 19135.96 -156.06 NSE 5749.5 -35.95 TURNOVER Rs. 117,037 cr BSE CASH Rs. 2,882 cr NSE CASH Rs. 13,342 cr NSE F&O Rs. 100,814 cr BULLION GOLD 22345 +62 SILVER 71794 +713 CRUDE NYMEX 102.25 -0.08 BRENT 125.35 +0.33 FOREX $ / Re 44.21 -0.23 £ / Re 73.699 +0.03 € / Re 65.727 +0.13 EVENTS 28 April- 1 May Golden Maharashtra Mega Exhibition 30 April Infosys Technologies Board To Finalise Company's Leadership Succession Plans 3 May RBI Monetary Policy 5 May Govt To Notify New M&A Rules 7 May Mumbai Court To Decide on Hasan Ali Khan Case EXPERT VIEWS "I am charging the Prime Minister with direct complicity in this matter (2G scam). I am charging the Finance Minister with direct complicity. They have not only not done their constitutional duty but willy-nilly they have become a party to this scam." Yashwant Sinha PAC Member & Senior BJP Leader "I think the Chairman (of PAC Murli Manohar Joshi) who is a seasoned politician should not have tried to push the political agenda of his party by misusing the office. Joshi has betrayed an inclination to subserve the political agenda of his party rather than to uphold the dignity of the institution of the PAC." Ashwani Kumar MoS For Planning & Parliamentary Affairs "I have sought clarification from the state government (Orissa) on certain matters relating to the Posco project. The ball is not in my court, but in the state government's court." Jairam Ramesh Environment Minister WATCH OUT Tech Toyz This week on Tech Toyz, the geeks of Network 18 come together for the ultimate challenge. Team Tech Toyz and team Tech Guru join hands to answer one single question- is there a world beyond Google? Its Google vs rest of the world! Whose side are you on? SHOW TIMINGS Fri 6:30 pm Sat 8:30 pm Sun 1 pm