Sensex Down For Ninth Day, Falls 258 Pts; AI Pilots` Strike Enters Ninth Day

Thursday, May 05, 2011 Click here for India Business Update Mobile Version LEAD STORIES SENSEX HITS LONGEST LOSING TEMPO IN 10 YRS; DOWN 258 PTS Sensex closed at 18,210.58 points as investors believed low GDP projection will crimp quarter results. Nifty fell 77.30 points to end at 5,459.85. read more DAY 9: AI PILOTS' STRIKE ISSUE UNRESOLVED With Government and striking Air India pilots stating that the parleys are moving in the right direction, they are hoping for an early resolution. read more NO ONE, HOWEVER MIGHTY, WILL BE SPARED IN 2G SCAM: SC The Supreme Court said no person, irrespective of their chair and wealth, would be spared in 2G spectrum scam and slammed I-Tax dept. read more TOP STORIES • GDP will come down to 8% if oil prices increase: FM • Food inflation eases to 8.53% from 8.76% • Bank credit up 22%, deposits rise 17.5% • 60% rise in farm labour costs over 3 yrs worry govt • Silver tumbles to Rs 59,200, gold by Rs 310 • Rupee falls 29 paise to Rs 44.76/$ on dollar demand • Bharti Airtel Q4 net up 7.5% (QoQ) at Rs 1,400 cr • Vedanta net up 28% at $ 770.8 mn • Sahara files appeal, seeks Rs 550 cr more from Jet • Ranbaxy stock crashes on USFDA $1 bn penalty • Jyothy Labs denies is in talks to sell 26% to PE funds • ONGC follow-on public offer to open on July 5 • SC dismisses L&T plea in Rs 1,300 cr tender dispute • FDI down by 11% in March to $ 1 bn; 25% in FY 11 • Noel Tata takes over as DIESL chairman • SC for independent overview of SIT report on Guj riots • GM Q1 net income triples to $3.37 bn; highest in 21 yrs • Bill introduced in U.S. to freeze aid to Pakistan • Stop 'pussy-footing' with Laden pixs, Palin to Obama • Facebook, Google mull Skype deals more stories TOP VIDEOS Downside Risks To Growth Are Not Much: D Subbarao, RBI Governor Rate Hikes To Weigh On Investor Sentiment: Deepak Parekh, Chairman, HDFC Bank Telenor Is Here To Win And Build Up Credible Operation: Sigve Brekke, MD Unitech AT A GLANCE BSE 18210.58 -258.78 NSE 5459.85 -77.3 TURNOVER Rs. 127,959 cr BSE CASH Rs. 2,640 cr NSE CASH Rs. 10,561 cr NSE F&O Rs. 114,757 cr BULLION GOLD 22087 -44 SILVER 56500 -2331 CRUDE NYMEX 102.25 -0.08 BRENT 116.71 -4.48 FOREX $ / Re 44.76 +0.32 £ / Re 73.496 +0.34 € / Re 65.488 -0.29 EVENTS 6 May Centenary Conference Of Indian Civil Aviation, Leela Palace, New Delhi 2G Scam: HC To Hear Bail Plea Of 5 Executives Inter Ministerial Group Meet To Discuss Inflation 7 May Mumbai Court To Decide on Hasan Ali Khan Case 11 May EGOM Meet To Discuss Fuel Price Hike 11-12 May 2nd Annual Conference On Tunnel Construction In India, Requirements & Challenges, Solutions & Strategies, The Imperial, New Delhi EXPERT VIEWS "We may buy a company but will not sell to any local or foreign firm. In fact, during my lifetime, I won't sell a share of Cipla to any MNC." YK Hamied CMD, Cipla SC On 2G Scam "You (petitioner) rest assured that no person, irrespective of their chair and wealth, could get immunity in any way...We have never seen so many zeros in our life. Not even half of what has been mentioned here except in school mathematics classes." Justices GS Singhvi & AK Ganguly Supreme Court "If oil prices continue to rise, it would be difficult to achieve higher GDP. GDP may come down to 8% from [the projected] 9%." Pranab Mukherjee Finance Minister WATCH OUT Beautiful People As the State Assembly elections come to an end Chief Election Commissioner Dr. S Y Quraishi talks to Anuradha SenGupta about some of the challenges that the Election Commission had to tackle and the highlights of these elections. SHOW TIMINGS Sat 9 pm Sun 1:30 pm & 8:30 pm