INDIA BUSINESS UPDATE - Hazare Asks Sibal To Quit From Lokpal Committee; New Telecom Licences For 10 Yrs, Tariffs May Go Up; Sensex Down 188 Pts

Monday, Apr 11, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version HAZARE ASKS SIBAL TO QUIT FROM LOKPAL COMMITTEE Anna Hazare said Union HRD Minister Kapil Sibal should resign from the joint committee to draft the Lokpal Bill "if he feels nothing will happen" out of this institution. "He should do other things for the country. Why does he want to be in the committee?" Hazare said. read more LEAD STORIES NEW TELECOM LICENCES FOR 10 YRS; TARIFFS MAY GO UP The government is likely to give fresh licences and renew the old ones for 10 years instead of 20 after the new telecom policy 2011 comes into effect. read more SENSEX FALLS 188 PTS ON LOW INDUSTRIAL OUTPUT Sensex slipped for the fifth day to close at 19,262.54 points due to low IIP numbers. Nifty fell 56.30 points to close at 5,785.70. read more TOP STORIES • Feb IIP growth at 3.6%; dismal show by mfg, mining • Silver touches record high of Rs 61,700 • Oil falls over $1, below $125, on Libya peace talks • IndusInd snaps up Deutsche India's credit card biz • New SEBI chief too seeks govt nod to tap phones • Jewellery retailer Damas mulls quitting India • LG enters water purifier mkt with Rs 40,000 product • Tata Sons files defamation case against Outlook • Tata buys 25% in Gabon urea plant for Rs 1,300 cr • Motor, health insurance to get costlier • JSW Steel's record Q4 production at 1.72 mn tonnes • Credit card transactions up 28% to Rs 6,212 cr in Feb • Bharti, Aircel to launch Apple's iPhone 4 • 2G scam: SC orders govt to appoint Lalit as Prosecutor • Tata's Muthuraman to succeed Bhartia as CII President • Govt to issue biometric PAN cards • Magnitude 7.1 quake rattles Japan's northeast • Gaddafi accepts peace plan, rebels say he must go • Shane Watson hits record 15 sixes as Aus beat B'desh • New app calculates calories through photos of food more stories TOP VIDEOS The Leader Has To Play The Role Of Incubating Talent: Kumar Mangalam Birla, Chairman, Aditya Birla Group Politicians, Bureaucrats, Public, All Should Come Together In Drafting The Bill: Anna Hazare, Social Activist Changes Can Be Made In Jan Lokpal Bill: Arvind Kejriwal, RTI Activist Boom And Gloom Phases Here To Stay: Marc Faber, Author, The Gloom, Doom And Boom Report AT A GLANCE BSE 19262.54 -188.91 NSE 5785.7 -56.3 TURNOVER Rs. 91,224 cr BSE CASH Rs. 2,375 cr NSE CASH Rs. 9,716 cr NSE F&O Rs. 79,133 cr BULLION GOLD 21401 -11 SILVER 60615 +132 CRUDE NYMEX 102.25 -0.08 BRENT 125.92 -0.73 FOREX $ / Re 44.32 +0.26 £ / Re 72.614 +0.78 € / Re 64.029 +0.56 EVENTS 13 April Auto Component Industry Meet With Commerce Ministry State Assembly Polls In Tamil Nadu, Kerala & Puducherry 14 April WPI Inflation For March To Be Detailed By Commerce & Industry Ministry 14-16 April MEDC's International Conference On "Use Of Land Resources In Economic Development Of Maharashtra" - Sahyadri Guest House, Mumbai 15 April Infosys To Announce Q4 Results 4th Hydro Vision India 2011, The Park, New Delhi EXPERT VIEWS "It took just four days for Anna Hazare and thousands of people to bring the government to its knees and agree for a draft Lokpal Bill. It took over two months for law makers to make the government agree to a JPC on the 2G spectrum scam." LK Advani BJP leader "The telecom companies under the (proposed) New Telecom Policy-2011 will have to file an application 30 months prior for the renewal of the telecom licenses and it (the licence) will be renewed for 10 years unlike 20 years as of now." Kapil Sibal Telecom Minister "(On IIP numbers) Our expectation is that the next month (March) will not be a good month. So there is one more difficult month ahead for us which is the month of March...we will see no growth in the industrial sector. But I do expect a big turnaround in the month of April." Kaushik Basu Chief Economic Advisor WATCH OUT Storyboard The IPL returns after a highly successful World Cup, but will it live up to its past success? We stack up the 10 IPL franchisees on basis of their marketing efforts. And find out why Yash Raj Films is targeting the youth with its new film studio, Y Films. SHOW TIMINGS Tue 7:30 pm CNBC-TV18 PROGRAMME SCHEDULE STOCKS & INVESTING INDIA EARNINGS PORTFOLIO