SC Stays Verdict On Ayodhya Title Suit; Auto Exports Surge 30%, Domestic Car Sales Dip; Sensex Ends Flat

Monday, May 09, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version SC STAYS 'STRANGE' HC ORDER ON SPLITTING AYODHYA While terming the Allahabad High Court's verdict as "something strange" the Supreme Court stayed the division of disputed Ayodhya site into 3 parts. The Apex Court, while staying the September 30, 2010 judgement, ordered status quo at the site. read more LEAD STORIES AUTO EXPORTS SURGE, DOMESTIC CAR SALES DIP Overall vehicles exports surged by 29.62% during April led 2-wheelers. Domestic car sales posted slowest growth in 22 months at 13.18%. read more 2G SCAM: JAILED TELCOS CHIEFS' BAIL PLEAS RESERVED The Delhi HC reserved its order on the bail plea of Sanjay Chandra, Vinod Goenka and the three Rel ADA executives and did not fix any further date. read more SENSEX ENDS FLAT ON SELECTIVE BUYING AT LOWER LEVELS Sensex closed at 18,528.96 up 10.15 points as cautious investors bought heavyweights at lower levels. Nifty ended at 5,551.10 down 0.35 points. read more TOP STORIES • SEBI chief warns India Inc over 'fixing' markets • Govt to assess whether growth is hurting environment • Panel divided on up-front tax on diesel vehicles • Silver rises to Rs 56,000 on global cues • ICICI only Indian firm on top 100 global brands list • Air India operates 60% of its flight capacity • 'Fake' Sahara investors under SC scanner • Essar moves HC against govt order on RIL sale of gas • ADAG firm forays into loan against gold units biz • Tata Motors starts exporting Nano; 498 units shipped • Nandan Nilekani buys 1.17% stake in Dhanlaxmi Bank • High input costs drag HUL Q4 net down 2% to Rs 569 cr • SKS fall continues; hits new low at Rs 284 • RIL cuts headcount for 3rd yr in a row • SC issues notice to govt on Matyas mgmt dispute • Govt to raise Rs 40,000 cr via divestment in FY12 • India Inc raised Rs 67,608 cr through 91 issues in FY'11 • Vinod Khosla pledges $700 mn to charity • LinkedIn IPO price range values firm at over $3 bn • Apple brand at $153 bn overtakes Google for top spot more stories TOP VIDEOS Morgan Stanley Bullish On India Growth Story In Long-Term: David Darst, Morgan Stanley Smith Barney I Feel That There Are Large Amounts Of Action Govt Is Going To Take After The Election Results: Deepak Parekh, Chairman, HDFC The Growth Of The CV Industry May Slow Down In The Next Few Quarters, Siddharth Lal, CEO, Eicher Motors AT A GLANCE BSE 18528.96 +10.15 NSE 5551.1 -0.35 TURNOVER Rs. 106,144 cr BSE CASH Rs. 2,226 cr NSE CASH Rs. 8,471 cr NSE F&O Rs. 95,446 cr BULLION GOLD 22003 +123 SILVER 56356 +1437 CRUDE NYMEX 102.25 -0.08 BRENT 112.02 +2.89 FOREX $ / Re 44.68 -0.04 £ / Re 72.811 -0.2 € / Re 63.794 -0.37 EVENTS 10 May Sixth & Last Phase Of Polls To West Bengal Assembly 11 May EGoM Meet To Discuss Fuel Price Hike Global Technology Partnership Forum 2011, Taj Palace, New Delhi 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 EXPERT VIEWS "Some corporates, who ideally should not have fallen into this category or this trap, we are discovering that due to lack of focus this (illegal activity) is happening...I'd like corporates in India to be on the right side of Sebi. What I mean is in matters like market manipulation, insider trading." UK Sinha Chairman, SEBI "We have Cabinet approvals for 4 public issues this year. We will kick off this year's disinvestment process with the launch of PFC's FPO, followed by SAIL in June and ONGC issue in July. We will also launch the public offer of Hindustan Copper later this year along with other public sector companies." Sumit Bose Disinvestment Secretary "A new dimension was given by the (Allahabad) High Court as the decree of partition was not sought by the parties. It was not prayed by anyone. It has to be stayed. Its a strange order." Justices Aftab Alam & R M Lodha Supreme Court WATCH OUT Storyboard Turns 10! As Storyboard completes ten years, take a look back at the noughties - a decade where companies and businesses scrambled to cope with new realities - competition, choice, a bewildering new array of media and above all the expectations of the Indian consumer. Join Anuradha SenGupta and a motley crew of brand custodians (Promoters of companies, CEOs, Advertising and Media stalwarts) as they share the milestones, the challenges, the memories and the lessons learned over the past decade. SHOW TIMINGS Tues 7:30 pm CNBC-TV18 PROGRAMME SCHEDULE STOCKS & INVESTING INDIA EARNINGS PORTFOLIO