2G Court Rejects Plea For Probing Ambani, Tata; No Irregularity In Tata Telecom Licences Says CBI; Sensex Down 114 Pts

Thursday, Jun 02, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version 2G SCAM: AMBANI, TATA, RADIA ESCAPE 'ACCUSED' TAG The 2G court dismissed pleas to probe Anil Ambani, Ratan Tata, Niira Radia and M Karunanidhi's wife Dayalu Ammal, as accused in the 2G spectrum scam. Special CBI Judge OP Saini also imposed a fine of Rs 10,000 each on Delhi-based journalist M Furquan and Ghaziabad's scrap dealer Dharmender Pandey for filing complaints in this regard. read more LEAD STORIES NO IRREGULARITY IN TATA TELECOM LICENCES SAYS CBI The Central Bureau of Investigation on Thursday told a court that there was no irregularity in granting telecom licences to Tata Teleservices. read more GLOBAL CUES DRAG SENSEX DOWN 114 PTS Sensex closed at 18,494.18 points as the U.S. market dived on weak manufacturing data. Nifty fell 41.65 points to end at 5,550.35. read more RAMDEV FAST GAINS MOMENTUM; HAZARE JOINS IN The government suffered a fresh blow as Anna Hazare joined forces with Baba Ramdev in a "fast-until-death" against graft. read more TOP STORIES • Monsoon on track, Mumbai gets its first shower • Marans lose Rs 3,000 cr in 1 hr, Sun TV scrip down 28% • Maran has 323 telephone lines in Chennai • IPOs with up to Rs 25 cr equity to bypass SEBI • FDI in retail still faces hurdles: Industry Secy • SEBI issues guidelines for market making • Food inflation eases to 8.06% from 8.55% • RTI activist chained to bed on complaint of Jindals • HC reserves verdict on Idea, Spice merger • Indus Towers may buy Vodafone tower for Rs 3,500 cr • U.S. spice maker to invest $115 mn in Kohinoor Foods • Bajaj Auto sales up 18%, highest ever at 3.17 lk units • TCS board ups CEO N Chandrasekaran's salary by 67% • Expectations rise for bullish Ambani words at RIL AGM • PFRDA to retain 50% cap on equity investment in NPS • India among top four wealth creators in the world • Mayawati announces new land acquisition policy • Karnataka CM Yeddyurappa wins confidence motion • Drink at 18 in Lucknow, 25 in Mumbai, 16 in Rome • Naomi Campbell to sue Cadbury over 'racist' ad more stories TOP VIDEOS Dayanidhi Maran Is Yesterday's Minister, I Dont Think Government Can Get Away Keeping A Minister Like That In The Cabinet: N Ram, Editor In Chief, The Hindu Not Received Any Intimation From NHB On Provisioning Of Standard Assets: Keki Mistry, VC & CEO, HDFC Phased Exit Of DEPB Is The Need Of The Hour, It Shouldn't End In One Go: Rajiv Bajaj, MD, Bajaj Auto Within Six Months The Cabinet Should Either Endorse Or Reject The Proposed Reforms (On Multi-Brand Retail): Kaushik Basu, Chief Economic Advisor There Is Global Uncertainty Which Is Finding It's Way Into Asia: Gokul Laroia, Head Institutional Equities Division, Morgan Stanley AT A GLANCE BSE 18494.18 -114.63 NSE 5550.35 -41.65 TURNOVER Rs. 85,445 cr BSE CASH Rs. 2,740 cr NSE CASH Rs. 9,918 cr NSE F&O Rs. 72,787 cr BULLION GOLD 22381 -79 SILVER 55500 -1338 CRUDE NYMEX 102.25 -0.08 BRENT 115.55 +1.02 FOREX $ / Re 44.82 -0.02 £ / Re 73.187 +0.05 € / Re 64.72 +0.41 EVENTS 3 June Next Round Of Talks Between Government & Baba Ramdev 6 June Government To Meet To Review Coal Allocation Policy Second Meeting Of The Lokpal Bill 9 June EGoM To Meet On Allocation Of Natural Gas To Power Plants Prime Minister To Take Final Call On Manufacturing Policy 9-11 June Concurrent Seminar On Asian Metallurgy Summit, Bombay Exhibition Centre, Mumbai 15 June Global Summit On Green Revolution-II, Growth Engine For Transformation, Hyderabad EXPERT VIEWS "Baba Ramdev is more of a businessman than a 'sanyasi'. Even to teach yoga, he charges Rs 50,000 from those who sit in the front seats, Rs 30,000 for the backseat and Rs 1,000 for the last seat. What else is this? If Congress was scared, Ramdev would have been put behind bars. There is no fear that is why he is out in the open and there are discussions with him." Digvijay Singh Congress General Secretary "There was no need for so many ministers to go (to recieve Baba Ramdev). One or two ministers would have been enough for the talks. When so many ministers go, it means there is a plan of fraud. Sign papers, make promises, all this is to pass time. When I went on fast, it reached such a stage that the government conceded to all our demands to save itself. Now, they have backed out." Anna Hazare Social Activist "Don't treat the capital market as a market of speculators. If you look at the IPO process, the prospectus is huge, and in fine print. We will simplify the IPO form. The group has started working and it won't take much time." UK Sinha SEBI, Chairman WATCH OUT Tech Toyz If you don't have an iPhone, well, you don't have an iPhone! The question is, is the iPhone 4 really worth all he hype? Is the Aircel deal better than Airtel? Are there better phones than the iPhone 4 in the market? Answers to all these question on the touchscreen phone special of Tech Toyz. SHOW TIMINGS Fri 6:30pm Sat 8:30pm Sun 1pm