Baba Ramdev Reaches Delhi, UPA Bends To Placate Him; Sensex Up 105 Pts; CBI May File Chargesheet Against Dayanidhi Maran In 2G Scam

Wednesday, Jun 01, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version RAMDEV REACHES DELHI, UPA BENDS TO PLACATE HIM Worried over Baba Ramdev's indefinite fast from June 4, the Government on Wednesday took an extraordinary step to woo him by deputing Finance Minister Pranab Mukherjee and three other senior ministers to the airport for talks but Baba Ramdev appeared not to relent on his plans. read more LEAD STORIES SENSEX UP 105 PTS AS ADAG, NTPC, SAIL GAIN Sensex closed on a strong note for the second successive day at 18,608.81 points. Nifty was up 31.85 points to end at 5,592. read more 2G SCAM: CBI MAY FILE CHARGESHEET AGAINST MARAN The Central Bureau of Investigation may file chargesheet against Union Textiles Minister Dayanidhi Maran in the 2G spectrum scam. read more I-T TO UNLEASH POWER TO ARREST TAX DEFAULTERS The Income Tax department is all set to invoke its power to arrest and prosecute evaders, which has not been used for many years. read more TOP STORIES • Car sales hit in May as fuel price hike takes a toll • April exports up 34% to $23.8 bn • April infrastructure growth falls to 5.2% vs 7.4% MoM • Delhi High Court stops GMR from collecting ADF • CWG scam: Mauritius-based firm under CBI scanner • Godrej Consumer buys 51% in Africa's Darling Group • Difficult to meet June 14 share sale timeline: SAIL • Sunil Mitra appointed new Finance Secretary • Former SAIL chairman SK Roongta joins Vedanta • DIPP moots 100% FDI proposal for infra, defence • Bharti Airtel inks $400 mn network deal with Huawei • Sedgwick buys Cambridge Solutions' arm for Rs 102 cr • Jyothy Labs close to raising Rs 700 cr from PE funds • Adani Enterprises unit may sell up to 20% in IPO • RCap to hire 3,500 managers after dip of 4,500 last yr • Maharashtra raises liquor consumption age to 25 yrs • Bangalore airport on high alert after IB tip-off • Lenovo buys Germany's Medion for $900 mn • Australia Q1 GDP slumps to 20-yr low at 1.2% • Steve Jobs to deliver Apple keynote, unveil iCloud more stories TOP VIDEOS India To Be Still Expensive Compared To Other Emerging Markets: Jonathan Garner, Chief Asian & Emerging Markets Equity Strategist, Morgan Stanley Slowdown In Terms Of Process And Sanctions Is Momentary: Srinivasan Varadarajan, Executive Director, Axis Bank AT A GLANCE BSE 18608.81 +105.53 NSE 5592 +31.85 TURNOVER Rs. 89,883 cr BSE CASH Rs. 2,679 cr NSE CASH Rs. 9,993 cr NSE F&O Rs. 77,211 cr BULLION GOLD 22312 -114 SILVER 56801 -1118 CRUDE NYMEX 102.25 -0.08 BRENT 116.18 -0.55 FOREX $ / Re 44.84 -0.2 £ / Re 73.591 -0.32 € / Re 64.697 -0.02 EVENTS 2-3 June 26th Skoch Summit, Hyatt Regency, Mumbai 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 EXPERT VIEWS "I am quite sure the Prime Minister would know what has to be done and I am sure he would do it. The Prime Minister should ask for Maran's resignation from the cabinet. I am sure the PM will do it, if he has not already done it." J Jayalalithaa Tamil Nadu, Chief Minister "On June 4th there will be a satyagraha (protest fast) in Ramlila Maidan as well as in 624 districts across as crores of people want the country to be rid of black money, corruption and demand a change in system. I do not believe in fear or creating fear. We have raised issues of national interest. It is a big war. We have to change the system of 64 years. It is not an easy task. But we will get it done." Baba Ramdev Yoga Guru "He (Ramdev) raised important issues which impact the future of our country. They are significant national issues. There were broad range of issues. We prima facie responded to them. We are running a responsive government. Government will not only think seriously but move forward." Kapil Sibal Telecom Minister WATCH OUT Bazaar Morning Call Hosted by Udayan Mukherjee and Mitali Mukherjee, Bazaar is the benchmark market opening show in the country. Widely acclaimed and winner of leading industry awards, Bazaar sets the tone for the trading day for millions of Indian investors. SHOW TIMINGS Weekdays 8 am