India's economy grows at slowest pace in five quarters

	Dated:May 31,2011

Market Round-up SENSEX 18503.28 271.22 NIFTY 5560.15 87.05 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Essar Ports Ltd. 124.00 + 30.60 Jenson & Nicholson (India 4.95 + 20.73 KDL Biotech Ltd. 7.65 + 20.47 Rajapalayam Mills Ltd. 613.45 + 20.00 Orissa Minerals Developme 53,639.30 + 20.00 NSE Losers Scrip Price(Rs.) %Change Smartlink Network Systems 66.25 -34.37 Sanghvi Forging & Enginee 77.50 -19.98 Paramount Printpackaging 19.50 -19.59 Ashapura Minechem Ltd. 20.15 -11.62 Nicco Corporation Ltd. 2.15 -10.42
Top Headlines India's economy grows at slowest pace in five quarters Annual gross domestic product grew 7.8 percent in the March quarter, lower than the 8.3 percent expansion in the previous quarter. HCL Technologies to grow above industry average: Vineet Nayar You will see increased emphasis within HCL on partnerships, joint ventures and creeping acquisitions, says Vineet Nayar of HCL Technologies. Steve Jobs to kick off Apple meet, launch iCloud Ailing chief executive Steve Jobs will return from sick leave to unveil Apple's latest generation of software next week, the firm announced. Most Read Story Narendra Modi: Big hit with America Inc; persona non grata in US Gujarat has turned into an investment magnet for US businesses, much like their counterparts in India, which view him with rose-tinted glasses. Most E-mailed Story How to use HUF for as a tax planning tool The Hindu Undivided Family structure is a great tax planning tool that can divide your tax liability and multiply the benefits. Find out how you can use it to your advantage. Most Commented Story Narendra Modi: Big hit with America Inc; persona non grata in US Gujarat has turned into an investment magnet for US businesses, much like their counterparts in India, which view him with rose-tinted glasses. Latest Updates US stocks open higher; Indexes jump 1 pc Inflation likely to hurt GDP growth: Morgan Stanley Steve Jobs to kick off Apple conference on June 6 Europe weighs options for new Greek package

Indian markets ended near day's highs on Tuesday

	Dated:31 May,2011

Market Round-up SENSEX 18503.28 271.22 NIFTY 5560.15 87.05 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Essar Ports Ltd. 124.00 + 30.60 Jenson & Nicholson (India 4.95 + 20.73 KDL Biotech Ltd. 7.65 + 20.47 Rajapalayam Mills Ltd. 613.45 + 20.00 Orissa Minerals Developme 53,639.30 + 20.00 NSE Losers Scrip Price(Rs.) %Change Smartlink Network Systems 66.25 -34.37 Sanghvi Forging & Enginee 77.50 -19.98 Paramount Printpackaging 19.50 -19.59 Ashapura Minechem Ltd. 20.15 -11.62 Nicco Corporation Ltd. 2.15 -10.42

Top Headlines Nifty ends above 5550; JPAsso, ACC, Grasim, DLF up Indian markets ended near day's highs on Tuesday as investors bought stocks across the board following rally in global equities. Expect fresh triggers in market in 2-3 months: Reliance MF In an interview with ET Now, Sunil Singhania, Deputy Head-Equities, Reliance Mutual Fund, talks about the market and their current portfolios. GDP numbers may affect market negatively in short term: BNP Paribas Securities Manishi Raychaudhuri, MD & HOR, BNP Paribas Securities, talks to ET Now on how the markets are likely to take GDP data points. Views on Stocks/Markets Avoid Punj Lloyd: Sudarshan Sukhani Avoid GVK Power: Sudarshan Sukhani Mundra remains a buy: Sudarshan Sukhani IPO/Global Markets World stocks rise Asian stocks mostly rise European stocks advance at open Rupee / Gold Gold demand weak Re gains 13p versus dollar Gold holds near 4-week high More 'Market' News Infosys says brand value rose 12% to $8.87 bn in FY11; stock up Infy said its brand value climbed 12% during the year-ended March 2011 to nearly $8.87 bn despite ongoing allegations of visa misuse in the US. Coal India earmarks over Rs 10,000 crore capex for FY-12; stock up CIL has earmarked an over Rs 10K cr capital expenditure for the current fiscal on capacity expansion and acquisitions that are likely to be completed. Buy or Sell: Does financial services foray augur well for Piramal Healthcare? Drugmaker Piramal Healthcare, which announced financial services foray earlier this month, has drawn a flak from analysts and investors.

Q4 GDP Growth Slowest In 5 Quarters At 7.8%; Sensex Up 271 Pts; UK`s Serco To Buy Intelenet For Rs 2,772 Cr

Tuesday, May 31, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version LOKPAL PANEL SPLIT BUT WILL DELIVER BILL: GOVT The government on Tuesday admitted there is no unanimity among members of the panel that is drafting the Lokpal Bill and more consultations were needed. P Chidambaram and Kapil Sibal said that as part of efforts to build a consensus, Pranab Mukherjee has written to all state governments and political parties, seeking their views on the bill. They insisted that the panel's work was on track and it will be able to deliver a draft Lokpal Bill by June 30. read more LEAD STORIES AT 7.8%, Q4 GDP GROWTH SLOWEST IN 5 QUARTERS The economy's growth in Q4 slowed down to 7.8% vs 9.4% YoY and 8.3% in Q3. This has been due to declining manufacturing growth at 5.5% vs 15.2% YoY. read more SENSEX SHRUGS OFF POOR GDP, UP 271 PTS ON GLOBAL CUES Sensex closed at 18,503.28 points despite low GDP, tracking smart rally across the globe. Nifty ended at 5,560.15 up 87.05 points. read more UK's SERCO TO BUY INTELENET FOR RS 2,772 CR Britain's Serco will buy Indian outsourcing company Intelenet as a part of their drive into higher-growth overseas markets. read more TOP STORIES • Schneider buys 74% in Luminous Power for Rs 1,400 cr • Maran sues Tehelka; magazine stands its ground • Oil companies cut jet fuel prices by about 4% • Agri sector growth at 6.6% in FY11; up from 0.4% last yr • FY11 fiscal deficit at 4.7% of GDP • Per capita income up 18% in FY11 at Rs 54,835 • Silver bounces back on global cues, up at Rs 58,535 • Centre asks Bihar Dy CM SK Modi to head GST panel • Prakash Chandra new chairman of direct taxes board • FICCI against NAC on land acquisition • Provide complete order to NSE by June 3: HC to CCI • GMR Infra swings to Rs 1,007 cr loss in Q4 • Coromandel Intl to buy 73% in Sabero Organics • Ratan Tata gets UK managers to work, on holiday • Essar Ports lists on BSE, surges 33% to Rs 126 • Coal Min rejects proposal to stop coal e-auction • RComm gets offers for buying Reliance Infratel stake • Software piracy caused tax loss of $866 mn in FY09 • Greenpeace targets Airtel on diesel use • Merkel lands in India after Iran blocks plane more stories TOP VIDEOS Govt Can Still Meet Its Fiscal Deficit Goal: Montek Singh Ahluwalia, Deputy Chairman, Planning Commission See FY12 GDP Growth At 7.7%: Chetan Ahya, MD, Morgan Stanley AT A GLANCE BSE 18503.28 +271.22 NSE 5560.15 +87.05 TURNOVER Rs. 115,436 cr BSE CASH Rs. 3,000 cr NSE CASH Rs. 15,354 cr NSE F&O Rs. 97,082 cr BULLION GOLD 22453 -38 SILVER 58070 +363 CRUDE NYMEX 102.25 -0.08 BRENT 116.43 +1.75 FOREX $ / Re 45.04 -0.03 £ / Re 74.257 -0.05 € / Re 64.853 +0.24 EVENTS 2 June Prime Minister To Take Final Call On Manufacturing Policy 2-3 June 26th Skoch Summit, Hyatt Regency, Mumbai 6 June Government To Meet To Review Coal Allocation Policy Second Meeting Of The Lokpal Bill 9 June EGoM To Meet On Allocation Of Natural Gas To Power Plants EXPERT VIEWS "The (Lokpal) Bill will be ready by June 30. Writing letters to the chief ministers and political parties doesn't mean that the Government is delaying the process. It's up to the civil society members what they want to do. We will present a strong Lokpal Bill in Parliament." Kapil Sibal Union Telecom Minister "The real concern is that quarter-on-quarter growth rate for last quarter (of 2010-11) has come down a little bit... We have lowered the growth forecast for 2011-12. The RBI has said something. Finance Ministry has said that it should be 8.5%. I think somewhere between 8 to 8.5%." Montek Singh Ahluwalia Deputy Chairman, Planning Commission "The disaggregated (GDP) figures reveal that the growth of industrial sector has slowed down across the board. The persistent tightening of monetary policy is surely leaving an imprint on the performance of industry." Rajiv Kumar FICCI, Secretary General WATCH OUT Young Turks Dream Decade This week on Young Turks Dream Decade we go On The Road to meet Manish Mandhana of the Mandhana Group who is taking his Rs 800 Cr plus textile business retail with Salman Khan's Being Human. On Young Turks Tutorial, catch Annu Grover of Nurturing Green, a green gifting venture, in a master class with Shailesh Vikram Singh of Seed Fund. And on YT Buzz we celebrate 10 years of Young Turks. SHOW TIMINGS Wed 7:30pm

1 Lakh MW Power Target Ecologically Unsustainable Says Jairam Ramesh; Hindalco FY11 Sales At All-Time High; Sensex Slips 34 Pts

Monday, May 30, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version ANOTHER CRISIS AROUND THE CORNER SAYS MOBIUS Mark Mobius, executive chairman of Templeton Asset Management's emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven't been resolved. read more LEAD STORIES 1 LAKH MW POWER TARGET ECOLOGICALLY UNSUSTAINABLE The government's 12th Plan target of creating 1 lakh MW is "ecologically unsustainable" says Environment Minister Jairam Ramesh. read more HINDALCO FY11 SALES AT ALL-TIME HIGH BUT NET DIPS Net sales rose 19% to Rs 72,078 cr, but net profit dipped 37.4% to Rs 2,456 cr on increased raw material expenses and higher interest outgo. read more SENSEX SLIPS 34 PTS ON PROFIT BOOKING, INFLATION FEARS Sensex closed at 18,232.06 points on profit booking amid concerns over high inflation. Nifty was down 3 points to close at 5,473.10. read more TOP STORIES • Govt opposes inclusion of PM under Lokpal Bill • CMs Mamata, Raman, Munda skip Plan Panel meet • I-T dept to publish and expose names of defaulters • Govt forms panel to probe tax-related crimes • 2G case: Plea against Ambani, Tata, Radia withdrawn • 2G scam: Bollywood honcho Karim Morani jailed • 2G scam: CAG Vinod Rai appears before JPC • NSE moves Delhi high court on CCI order • HC cancels land acquisition in Greater Noida • Europe's RTL, Reliance Broadcast to form JV • Koyuko to acquire 50.3% stake in Camlin for Rs 360 cr • Chidambaram for more taxes on luxury items • ONGC Q4 net dips 26% to Rs 2,791 cr as subsidy weighs • IOC Q4 net up 30% to Rs 3,905 cr • M&M Q4 net up 6.5% at Rs 607 cr, divided 230% • RComm FY11 net plunges 71% to Rs 1,345 cr • MTS offers half-paisa-per-sec call plan • Daewoo Electronics sale collapses, Electrolux eyed • Samsonite sets price range for $1.5 bn HK IPO • China's external assets goes up to $4.126 tn more stories TOP VIDEOS Operating Profit Margin Is Under Pressure And We Are Not Being Able To Pass High Raw Material Prices: Anand Mahindra, VC & MD, Mahindra & Mahindra Sluggish Fund Flows Is Nothing To Worry About, It's A Generalised Emerging Market Phenomenon: PJ Nayak, MD & Country Head, Morgan Stanley India There Are Chances That RBI Might Move In For 50 Bps Hike: Anant Narayan, MD & Regional Head Fixed Income & Currency Trading, Standard Chartered Bank AT A GLANCE BSE 18232.06 -34.04 NSE 5473.1 -3 TURNOVER Rs. 71,152 cr BSE CASH Rs. 2,447 cr NSE CASH Rs. 9,614 cr NSE F&O Rs. 59,090 cr BULLION GOLD 22487 -33 SILVER 57661 +156 CRUDE NYMEX 102.25 -0.08 BRENT 114.67 -0.36 FOREX $ / Re 45.07 -0.1 £ / Re 74.233 +0.09 € / Re 64.316 +0.04 EVENTS 31 May 46th Meeting Of Board Of Approval For Setting Up New Special Economic Zones 2 June Prime Minister To Take Final Call On Manufacturing Policy 2-3 June 26th Skoch Summit, Hyatt Regency, Mumbai 6 June Government To Meet To Review Coal Allocation Policy 9 June EGoM To Meet On Allocation Of Natural Gas To Power Plants EXPERT VIEWS "There is definitely going to be another financial crisis around the corner because we haven't solved any of the things that caused the previous crisis. Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes." Mark Mobius Executive Chairman, Templeton Asset Management "Oil price should be somewhere between $70 and $80 a barrel, rather than the current level of over $100 a barrel. We don't want the West to go and find alternatives, because, clearly, the higher the price of oil goes, the more they have incentives to go and find alternatives." Al-Waleed Bin Talal Saudi Prince "We are really underestimating our capacity to raise resources, especially tax resources. Since non-plan expenditure is difficult to contain, the tax-GDP ratio must be raised especially by taxing conspicuous consumption and imposing inheritance tax." P Chidambaram Home Minister WATCH OUT Storyboard Turns 10! This week, Storyboard turns back the lens on its 10 year long journey on CNBC-TV18. Be it reliving favourite moments on the show, to chronicling how the Storyboard decade changed their lives, marketing, media and advertising stalwarts get candid with their views. And take a rare look at the effort and all the people it takes to churn out Storyboard week after week after week. SHOW TIMINGS Tue 7:30 pm