Competition Commission Notifies New M&A Norms; Sensex Up 72 Pts

Wednesday, May 11, 2011 Click here for India Business Update Mobile Version LEAD STORIES COMPETITION COMMISSION NOTIFIES NEW M&A NORMS According to new M&A regime to be affective from June 1, corporate houses will need to seek CCI approval for high-value deals. read more MARKETS POST MODERATE GAINS, SENSEX UP 72 PTS The markets closed marginally higher amid dull trades for the third straight day. Sensex closed at 18,584.96, Nifty ended at 5,565.05 up 23.08 points. read more TOP STORIES • Infra debt fund guidelines by June end: FinMin • SC rejects harsh punishment in Bhopal Gas case • New SBI lending rate to raise Hyderabad metro cost • UIDAI in process to give out Rs 40,000 cr IT contract • Economy may not grow around 9% in FY12: FM • Foreign banks' CEOs responsible for compliances: RBI • Steel makers oppose gas supply cut from RIL's KG-D6 • SKS Microfinance stock up 10% for second straight day • 3i Infotech stake sale in final stages • Credit cards transactions up 22%, debit 46% in FY11 • EC to focus on TV channels owned by political parties • Two Adani firms challenge imposition of MAT on SEZs • Binayak on board of Planning Commission committee • EU to raise tariffs on fast-growing nations such as India • Contempt notice to Rajnigandha pan masala makers • 1 killed, 25 injured in fire at Mumbai's JNPT • Chennai girl Divyadharshini tops Civil Services exam • Toyota's profit drops 77% on quake impact • Google 'to make bulbs and dishwashers' • 7.5 mn Facebook users are under 13: study more stories TOP VIDEOS CCI Had To Ensure New M&A Norms Don't Impact India's Growth: Dhanendra Kumar, Chairman CCI Microsoft To Leverage And Build Upon Skype Brand Aggressively: Steve Ballmer, CEO, Microsoft Monetary Tightening Across Emerging Markets Will Feed Into Lower Growth: John-Paul Smith, Global Emerging Market Equity Strategist, Deutsche Bank AT A GLANCE BSE 18584.96 +72.19 NSE 5565.05 +23.8 TURNOVER Rs. 88,888 cr BSE CASH Rs. 2,752 cr NSE CASH Rs. 9,591 cr NSE F&O Rs. 76,545 cr BULLION GOLD 21993 -155 SILVER 55915 -2773 CRUDE NYMEX 102.25 -0.08 BRENT 115.74 -1.89 FOREX $ / Re 44.68 -0.07 £ / Re 73.467 +0.5 € / Re 63.79 -0.37 EVENTS 12 May Industrial Growth For March To Be Detailed By CSO Primary Articles Inflation Rate To Be Detailed By Commerce & Industry Ministry For Week Till April 30 May 13 Election Results For Tamil Nadu, Kerala, Puducherry, West Bengal & Assam 13-16 May International Machine Tools Expo 2011, Auto Cluster Exhibition Centre, Pune 14 May Court To Decide Bail Plea Of Kanimozhi & Kalaignar TV MD Sharad Kumar EXPERT VIEWS "India's economy may not grow around 9% in the current fiscal year to end-March 2012 due to volatility in international commodity prices and other supply constraints. Inflation is also likely to be in the range of 7 to 7.5% during this period. Pranab Mukherjee Finance Minister "It is very important to us and we are as anxious as anyone to make substantial progress in India. There is some progress in Karnataka we have started seeing some progress in Jharkhand. So, there are some progresses but not enough yet to start construction on any particular date when they will begin the project work." LN Mittal Chairman, ArcelorMittal "We are also examining whether using your own channel for unlimited publicity, how to account for (expenses)...Before the next elections, we will have some policy in place." SY Quraishi Chief Election Commissioner WATCH OUT India Tonight Karan Thapar, India's leading commentator and columnists leads a power packed current affairs show. Focusing on the big story of the day, India Tonight cuts through the clamor and goes beyond the hype to the real story behind the headlines, from all perspectives. SHOW TIMINGS Mon - Thur 10:30 pm