2G Scam: Kanimozhi, Sharad Kumar Arrested; Mamata Welcomes Tatas Back To Bengal; Sensex Up 184 Pts

Friday, May 20, 2011 Click here for India Business Update Mobile Version LEAD STORIES 2G SCAM: KANIMOZHI, SHARAD KUMAR ARRESTED Kanimozhi and Kalaignar TV MD and CEO Sharad Kumar have been arrested after their bail petition was rejected. They will be sent to Delhi's Tihar jail. read more MAMATA WELCOMES TATAS BACK TO BENGAL "If the Tatas want to come back, they are welcome to," said Mamata Banerjee at her first press conference as the CM of West Bengal. read more SENSEX UP 184 PTS; L&T BIGGEST GAINER AT 4% Sensex closed at 18,326.09 points as higher earnings by L&T and Tata Power boosted investor confidence. Nifty rose by 58.25 points to end at 5,486.35. read more TOP STORIES • 3rd chargesheet in 2G by June 30; Loop to be named • Mamata makes history as first WB woman CM • Tata Steel announces 1,500 job cuts in Europe • CWG case: CBI files charge sheet against Kalmadi • Telenor asks Chandra to quit Unitech Wireless board • ONGC FPO hinges on impact of higher subsidy burden • Telcos differ on revising interconnect rate • TTSL-Virgin Group's Rs 1,800 cr stake sale pact soon • Symantec to acquire Clearwell Systems for Rs 1,755 cr • RIL said to plan $1.5 bn overseas loans • RIL debt risk rises most in Asia on gas, profit slump • ITC Q4 net up 25% at Rs 1,281 cr • Posco land acquisition process disrupted again • Vedanta eyes up to $1.5 bn in bonds for Cairn deal • Pvt hospital mkt to touch $54 bn by 2014: Assocham • CBI admits blunder, withdraws Pak 'Most Wanted' list • Raghuram Rajan in RBI's new Guv list • Amar in money laundering tangle, ED to probe • $1 mn bail for Strauss; succession race rages • Playboy puts 57 yrs of magazines online more stories TOP VIDEOS Upstream Companies Are Asked To Pay More, It Doesn't Make Much Economic Sense: Kirit Parikh, Chairman, Committee On Pricing & Taxation Of Petroleum Products Government To Decide On FPO Post Subsidy Burden Hike: AK Hazarika, Chairman, ONGC Power Supply Must Be Met Before E-Auctioning: Sushil Kumar Shinde, Power Minister India's Expensive Relative To Its Emerging Market Peers: Ian Scott, Global Head Equity Strategy, Nomura AT A GLANCE BSE 18326.09 +184.69 NSE 5486.35 +58.25 TURNOVER Rs. 158,123 cr BSE CASH Rs. 2,706 cr NSE CASH Rs. 10,165 cr NSE F&O Rs. 145,252 cr BULLION GOLD 21942 +58 SILVER 52716 -412 CRUDE NYMEX 102.25 -0.08 BRENT 109.59 -1.83 FOREX $ / Re 44.94 0 £ / Re 72.688 -0.09 € / Re 63.648 -0.52 EVENTS 20-25 May Manmohan Singh To Attend India Africa Summit In Ethiopia 23 May 1st Session Of Newly Elected Tamil Nadu Assembly 24 May 2G Scam: Court To Decide On Shahid Balwa's Bail Application 26 May 6th Annual Summit On Capital Markets, Le Meridien, New Delhi 26-27 May 2nd Annual Conference On Gas-Based Power Generation, Challenges, Opportunities & The Way Forward, The Imperial, New Delhi EXPERT VIEWS "The bail applications (of Kanimozhi and Sharad Kumar) are dismissed. Both the accused be taken into custody forthwith. Considering the magnitude of the crime and the fact that many of the witnesses are employees of Kalaignar TV, there is every apprehension that the witnesses may be influenced, if the accused are released on bail." OP Saini Special CBI Judge "West Bengal government will return 400 acre to farmers at Singur who unwillingly parted with their land for Nano project. Tatas are welcome but they will have to work on people's terms." Mamata Banerjee Chief Minister, West Bengal "Is Home Ministry just a post-office that it passes on any list given to it to Pakistan without verification? It is also the worst kind of embarrassment for India vis-a-vis Pakistan. P Chidambaram should accept responsibility and resign." Prakash Javadekar BJP Spokesperson WATCH OUT Young Turks Dream Decade As we celebrate the run up to the Young Turks Conclave, this week we revisit a Young Turk from the batch of 2004, Malvinder Mohan Singh. Catch him talk about his life after the Ranbaxy sale and his strategy to make Religare Financial Services and Fortis Healthcare, global brands. And on YT Buzz we bring you all the fireworks from the TechSparks 2011, India's largest search for techpreneurs. SHOW TIMINGS Sat 11am & 7:30pm Sun 12 noon