Sensex Rebounds 308 Pts; AI Pilot Strike Enters 10th Day

Friday, May 06, 2011 Click here for India Business Update Mobile Version LEAD STORIES MKTS REBOUND ON EASING OIL PRICES; SENSEX UP 308 PTS Sensex closed at 18,518.81 as investors bought stocks amid falling crude oil and commodity prices. Nifty ended at 5,551.45 up 91.60 points. read more DAY 10: GOVT, AI PILOTS HOLD TALKS TO END IMPASSE Third round of negotiations were held today between the government and striking Air India pilots even as airline remained crippled for 10th day. read more I AM FORCED TO REGULARISE, COMPROMISE: JAIRAM RAMESH Jairam Ramesh said that many times he too has been forced to compromise in cases of violations of green norms. read more TOP STORIES • Gold down despite heavy buying on Akshaya Tritiya • 2G scam: Kanimozhi's bail plea hearing on May 7 • SC issues contempt notice to Sahara chief, scribes • ED chargesheets Hasan Ali in money laundering case • Jet should pay higher interest of 18%: Sahara • Taro sues Suven Life for patent infringement • Piramal Healthcare to enter financial services • Union Bank of India Q4 net at Rs 597 cr • Cadila Healthcare Q4 net up 50% at Rs 179 cr • BP may have paid $1.5 bn for stake in RIL gas block • Glenmark settles patent lawsuit with Nycomed • PFC price band for FPO at Rs 193-203 per share • SKS Microfinance falls 20% to lowest ever at Rs 330 • Muthoot Finance debuts with 12% premium at Rs 196 • Ozone Ayurvedics mulls selling 'Nomarks' brand • AL wins trademark case against Bangalore firm • SC upholds attachment of Harshad Mehta's properties • Ideal price of crude is $90 to $100: OPEC • Cybercriminals now target 'trade secrets' of firms • U.S. rubs it in with drone attack, kill 17 in Pak more stories TOP VIDEOS Expect EGoM To Hike Fuel Prices On May 11: AK Hazarika, Chairman, ONGC Sensex To Trade In 17000-19000 Range: Alok Sama, President & Founder, Baer Capital Partners Overvaluation In Silver Was Far Higher Than What Its Fundamentals Justified: Rajini Panicker, Expert, MF Global Commodities India AT A GLANCE BSE 18518.81 +308.23 NSE 5551.45 +91.6 TURNOVER Rs. 130,696 cr BSE CASH Rs. 3,346 cr NSE CASH Rs. 12,018 cr NSE F&O Rs. 115,330 cr BULLION GOLD 21783 +45 SILVER 54781 -506 CRUDE NYMEX 102.25 -0.08 BRENT 110.84 +0.04 FOREX $ / Re 44.76 0 £ / Re 73.479 +0.3 € / Re 64.853 -0.1 EVENTS 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 13-16 May International Machine Tools Expo 2011, Auto Cluster Exhibition Centre, Pune EXPERT VIEWS "Unfortunately many times I am forced to regularise. Because I have no option because one refinery has been built... steel plant is built. So I am guilty in some cases of having actually condone many environmental violations...There are some occasions that I have not compromised. In some occasions I had to compromise." Jairam Ramesh Environment Minister "Even if we assume that A Raja (former Telecom Minister) got transferred the bribe money from Dynamix group to Kalaignar TV, no guilt is proved against me (client Kanimozhi) as I did not sign any of the documents on behalf of the recipient TV channel. What is the offence committed by me? I am only a shareholder in the company." Ram Jethmalani Senior Jurist "What is happening in Kashmir, Andhra Pradesh? Instead of playing doctor here(West Bengal), he should get his act together in those places. I don't need his advice. I ask Chidambaram to concentrate on his own job. I know my job." Buddhadeb Bhattacharjee Chief Minister, West Bengal 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 Sat 2:30 pm Sun 11:30 am & 9:30 pm Tues 7:30 pm