Sensex Rebounds 197 Pts; Tata Motors Net Surges Three-Fold To Rs 9,273 Cr

Thursday, May 26, 2011 Click here for India Business Update Mobile Version LEAD STORIES SENSEX RECOVERS 197 PTS ON F&O EXPIRY The market witnessed smart rally on F&O expiry with strong buying in oil & gas counters. Nifty was up 63.40 points at 5,412.35. read more TATA MOTORS FY11 NET SURGES 3-FOLD TO RS 9,273 CR Tata Motors sales rose by 33% to Rs 122,426 cr, driven by higher domestic numbers and improved profitability at its UK-based Jaguar, Land Rover unit. read more TOP STORIES • Food inflation rises to 4-wk high of 8.55% • EGoM meet on June 9; diesel, LPG prices to go up • Gold knocked off 3-week peak by silver slide • 2G case: Court reserves order on Morani's bail plea • RIL joins race for Australia's Premier Coal • CIL in talks to buy Indonesia mine for $1 bn • Fertilizer firms oppose pooling of gas prices • Tech Mahindra Q4 net falls 59% on Satyam losses • Canara Bank FY11 net up 34% to Rs 4,034 cr • HPCL FY11 cons net up 15% at Rs 1,703 cr • Sun TV FY11 net up 35% to Rs 772.2 cr • Zee, Star India form TV distribution venture • DK Mehrotra appointed acting Chairman of LIC • Ferrari booking begins, starting price Rs 2.2 cr • After praise, Hazare targets Modi for corruption • G8 leaders gather in France, eyes on Arabs, IMF • Air ambulance to save one kills 10, crashes in Delhi • Lagarde may visit India to muster support for IMF post • CNBC anchor Mark Haines dies unexpectedly at 65 • Hedge fund mgr wants Microsoft CEO Ballmer to go more stories TOP VIDEOS It Is Difficult To Assess What Sort Of Risk Premium Would Be Justified On Oil: Alastair Newton, Senior Political Analyst, Nomura Market May Remain Under Pressure In The First Quarter Of FY11-12 Due To Earnings Cut: Nirmal Jain, Chairman, IIFL The Odds Of Impending Greek Crisis Spreading To European Banks Are Low: Shane Oliver, Head Investment Strategy & Chief Economist, AMP Capital Investors AT A GLANCE BSE 18044.64 +197.4 NSE 5412.35 +63.4 TURNOVER Rs. 228,987 cr BSE CASH Rs. 2,573 cr NSE CASH Rs. 14,107 cr NSE F&O Rs. 212,306 cr BULLION GOLD 22364 -137 SILVER 56352 -1000 CRUDE NYMEX 102.25 -0.08 BRENT 114.31 -0.62 FOREX $ / Re 45.3 -0.02 £ / Re 73.965 +0.25 € / Re 63.792 -0.19 EVENTS 27 May Minister's Panel To Meet On Cairn-Vedanta Deal 31 May 46th Meeting Of Board Of Approval For Setting Up New Special Economic Zones 1 June Conference On Biosimilars: Drugs For Life, Chandigarh 2 June Prime Minister To Take Final Call On Manufacturing Policy 2-3 June 26th Skoch Summit, Hyatt Regency, Mumbai EXPERT VIEWS "There are two kinds of routes we are looking into (for allowing foreign investors in infra debt fund). One is bond route to the infra debt funds and other one is unit route through the capital markets...The regulators are working very hard and trying to see how we do not upset the existing regulations and still try to come out with the fund." R Gopalan Secretary, Department Of Economic Affairs "Price of diesel, LPG and kerosene will have to go up (to cover for rise in input crude oil cost). What EGoM has to decide (on June 9) is by how much. There is no escaping this time... nothing can be treated as sacred. Public sector oil companies are losing close to Rs 500 crore per day on selling diesel, domestic LPG and kerosene at government controlled rates." Official Oil Ministry "China, Brazil and India are an absolute necessity. I would certainly prefer to be endorsed by a very large majority rather being the European candidate pushed by the Europeans." Christine Lagarde French Finance Minister WATCH OUT The Firm Will the imposition of a Minimum Alternate Tax turn SEZs into Special Uneconomic Zones? Is MAT legal even? Experts weigh in on the battle between SEZs and Pranab Mukherjee. And The Firm this week also examines the joy of partnerships ie: Limited Liability Partnerships! SHOW TIMINGS Fri 10:30pm Sun 9:30am & 11pm