Suresh Kalmadi Arrested In CWG Case; CBI Chargesheet Against Kanimozhi, Others In 2G Scam; Sensex Down 17 Pts

Monday, Apr 25, 2011 Click here for India Business Update Mobile Version LEAD STORIES FINALLY, CWG CHIEF SURESH KALMADI ARRESTED Suresh Kalmadi was arrested by the CBI on charges of conspiracy and cheating in Commonwealth Games. The Congress party has suspended him. read more 2G SCAM: CHARGESHEETS FILED AGAINST KANIMOZHI, 4 OTHERS Kanimozhi has been named as a co-conspirator while Sharad Kumar, Asif Balwa and Cineyug Founder Karim Morani have also been named in the chargesheet. read more SENSEX SNAPS 3-DAY WIN; RIL FALLS, MARUTI GAINS Sensex was down 17 points at 19,584.31 as top heavyweight RIL fell on below-expected earnings. Nifty ended at 5,874.50 down 10.20 points. read more TOP STORIES • Silver breaches 75,000/kg mark, gold at Rs 22,380 • Oil rise over $124/bbl on unrest in Syria, Yemen • Fifth board member Michael McCook quits DB Realty • CII chief for removal of discretionary powers in Govt • IBM eyes ICICI Bank's stake in 3i Infotech • Quake prompts Honda to cut India output by 50% • Maruti Suzuki Q4 net up marginally at Rs 660 cr • Sterlite Q4 net up 35% at Rs 1,925 cr • Govt orders RIL to offer KG-D6 gas to core sector only • SC notices to ONGC, Punj Lloyd on Swiber's plea • M&M renames Logan as Verito, drops Renault badge • Tata Steel to retain stake in Riversdale • Essar plans floating shipping business in London • I-T seeks 22,000 addl staff to strengthen ops • Parsis see Narendra Modi as PM of India • Aarushi case: SC questions CBI over its u-turn • Warren Buffett's days at Berkshire numbered? • Toyota to lose crown as world's largest automaker • Land Rover wins case over trademark name in China • After success of season 4, Big B signs up for KBC 5 more stories TOP VIDEOS Pricing To Improve In FY12 But Margin May Remain Flat: N Chandrasekaran, CEO & MD, TCS There Is Still More Upside For Gold And Silver Prices: Jurg Kiener, CEO, Swiss Asia Capital AT A GLANCE BSE 19584.31 -17.92 NSE 5874.5 -10.2 TURNOVER Rs. 124,846 cr BSE CASH Rs. 2,704 cr NSE CASH Rs. 10,039 cr NSE F&O Rs. 112,102 cr BULLION GOLD 21935 -185 SILVER 68395 -2388 CRUDE NYMEX 102.25 -0.08 BRENT 122.95 -1.04 FOREX $ / Re 44.48 +0.3 £ / Re 73.275 +0.47 € / Re 64.809 +0.64 EVENTS 26 April Finance Ministry To Meet PSU Bankers For Annual Performance Review, New Delhi SEBI Board Meet To Reconsider Decision To Clear NDSL In IPO Scam 26-27 April 5th Annual Conference On Telecom Infrastructure In India, Hyatt Regency, New Delhi EXPERT VIEWS "Where from the CBI has become active? Pages after pages you have filed in the trial court submitting that there is nothing against them. Now how could you assume that there is evidence against them? Is it merely because the trial court has taken cognisance." Justices B Sudarshan Reddy & SS Nijjar Supreme Court "For too long we had a government that had neglected governance. West Bengal is the worst-governed state in the country and our immediate concern is law and order. I squarely blame the CPI(M) and its cadres for procuring arms and spreading violence and turning the state into a killing field." P Chidambaram Home Minister "...misuse of discretion and standards, lack of transparent rules and procedures and lack of transparency in public procurement are the key challenges for governance." B Muthuraman President, CII WATCH OUT Overdrive On Overdrive this week the new & radically stylish Hyundai Verna roadtested by Sandeep Srikanth. Shubhabrata Marmar rides Bajaj's latest entrant, Discover 125 and the original Flying Finn, Mika Hakkinen chats with us about his F1 days. SHOW TIMINGS Tue 6:30 pm