AIl Pilot Strike Enters 8th Day; Sensex Down 65 Pts

Wednesday, May 04, 2011 Click here for India Business Update Mobile Version LEAD STORIES MKTS TURNS VOLATILE IN 2ND HALF, SENSEX DOWN 65 PTS Fear of inflation and rising interest rate yoking growth saw markets down for the 8th day. Sensex closed at 18,469.36. Nifty down 28.10 pts to 5,537. read more PILOTS' STRIKE ENTERS 8TH DAY, AI OPERATIONS CRIPPLED Air India services remain crippled with the airline operating just 10% of its overall flights including 10 each from Mumbai and Delhi. read more TOP STORIES • 9% economic growth will be 'tough' in FY12 : Basu • EGoM meet on May 11 to mull diesel hike by Rs 3/L • Jet to pay Rs 478 cr dues to Sahara: HC • FIR against collector, HDIL directors in land scam • Maytas settles dispute with Vedanta, withdraws case • SC reserves order on forming SIT to track blackmoney • CWG Scam: Kalmadi, 2 others sent to 14 days custody • 2G scam bail hearing postponed again, now on May 6 • Hero Honda Q4 net slips 16% on higher input costs • Commexes turnover up 91% to Rs 5.93 lk cr till Apr 15 • Loan-against-gold market growing at 30-40% • I-T finds tax evasion in 2G; status report in SC tmrw • Mercedes-Benz April sales up 67% at 537 units • Akai launches smallest LED TV at Rs 11,000 • SC/ST, OBC 'preferred' in PSU top jobs • Job-hopping declines post slowdown: report • Over 50% U.S. greencard holders plan to return home • Arunachal Pradesh CM's body found at crash site • CIA chief says Gadhafi alive after hit on house • Glencore targets $11 bn as sets IPO price range more stories TOP VIDEOS Slowdown Will Catch Up With Motorcycle Sales: Rajiv Bajaj, MD, Bajaj Auto RBI's Aggressive Stance Could Hurt Investment Cycle: Jim Walker, MD, Asianomics RBI May Hike Policy Rates By 75 Bps This Year: Chetan Ahya, MD, Morgan Stanley AT A GLANCE BSE 18469.36 -65.33 NSE 5537.15 -28.1 TURNOVER Rs. 134,014 cr BSE CASH Rs. 2,555 cr NSE CASH Rs. 11,354 cr NSE F&O Rs. 120,104 cr BULLION GOLD 22326 -47 SILVER 60497 -2020 CRUDE NYMEX 102.25 -0.08 BRENT 121.5 -0.95 FOREX $ / Re 44.44 -0.07 £ / Re 73.364 +0.33 € / Re 66.161 +0.53 EVENTS 5 May Govt To Notify New M&A Rules Essar Vodafone Tax Case To Come Up For AAR Hearing 5-6 May 6th Southern Asia Ports Logistics & Shipping 2011, ITC Park Sheraton & Towers, Chennai 6 May Centenary Conference Of Indian Civil Aviation, Leela Palace, New Delhi 2G Scam: HC To Hear Bail Plea Of 5 Executives 7 May Mumbai Court To Decide on Hasan Ali Khan Case EXPERT VIEWS "We have already achieved 40,000 MW and every week new capacity is being added and so we are confident that we will meet the 62,000 MW target (in the 11th Plan)." Sushil Kumar Shinde Power Minister "It is going to be damn hard doing 20% (exports growth rate) even this year because Japan is in trouble, Europe is in trouble and the U.S. is in trouble. If you get $500 bn in three years, it will be a really huge achievement." Rahul Khullar Commerce Secretary "India's economy will find it "tough" to grow at 9 per cent in the current fiscal year if crude prices remain high." Kaushik Basu Chief Economic Advisor WATCH OUT India Business Hour India Business Hour India's benchmark primetime business & current affairs show, IBH leads from the front in decoding the top stories of the day, showcasing the biggest names and giving a holistic perspective on the Indian business environment. SHOW TIMINGS Weeknights at 9 pm