PM To Meet Editors On June 29; Sensex Up 80 Pts; Capital Market Has Grown But Weaknesses Remain Says SEBI Chairman

Tuesday, Jun 28, 2011 Click here for India Business Update Mobile Version LEAD STORIES PM TO BREAK SILENCE, TO MEET EDITORS ON JUNE 29 Prime Minister Manmohan Singh has decided on a media outreach plan that kicks off with a meeting with some senior editors on June 29. read more SENSEX UP 80 PTS ON FII INFLOWS; REACHES 3-WK HIGH Sensex closed at 18,492.45 points on FII inflows amid a positive trend in the global markets. Nifty was up 18.70 points to end at 5,545.30. read more CAPITAL MKT HAS GROWN BUT WEAKNESSES REMAIN: SINHA SEBI chairman UK Sinha admits that while a large number of companies have raised money, there is no trading in them. read more TOP STORIES • Congress thwarts Joshi's attempt to revive 2G report • Tata Motors moves SC on Singur land issue • Mumbai petrol dealers threaten to go on 2-day strike • Work at Posco site stalled for third day • CCEA may give nod to Cairn-Vedanta deal on June 30 • SC to hear Vedanta case on July 4 • ABG-PSA bags $1.5 bn JNPT contract for 4th terminal • I-T raids Sterling Biotech on alleged bogus purchases • UK's Triumph motorcycles to enter Indian market • iGate to cut Patni stake to 75% from 83% by May 2012 • Emami keen to acquire products of Paras Healthcare • India has outgrown its financial system: Geithner • Automatic service tax refund for exporters by July 15 • Plan Panel meet in July to approve Approach Paper • Inflation cost Indians extra Rs 6 lakh cr in last 3 yrs • Microsoft puts Office in the 'cloud,' confronts Google • Up to 15 EU banks to fail stress test: sources • Debt-strapped Greece is to hold an epic yard sale • French FM Christine Lagarde may bag IMF's top job • Now, Botox for facelift and asthma treatment more stories TOP VIDEOS I Will Be Happy To Serve Another Five Years: YC Deveshwar, Chairman, ITC Fuel Price Hike Will Increase Inflationary Pressures, Will Definitely Not Allow RBI To Pause Hiking Rates: Chetan Ahya, MD, Morgan Stanley It Is Not Unrealistic For China To Backstop The Euro Zone Crisis: Mark Mobius, Executive Chairman, Templeton Emerging Markets AT A GLANCE BSE 18492.45 +80.04 NSE 5545.3 +18.7 TURNOVER Rs. 167,812 cr BSE CASH Rs. 2,779 cr NSE CASH Rs. 10,555 cr NSE F&O Rs. 154,477 cr BULLION GOLD 22101 +22 SILVER 50811 +314 CRUDE NYMEX 102.25 -0.08 BRENT 108.83 +2.84 FOREX $ / Re 44.99 -0.04 £ / Re 72.101 +0.46 € / Re 64.606 +0.46 EVENTS 29 June Prime Minister To Meet Senior Editors 30 June Deadline For Drafting Lokpal Bill 3 July All-Party Meet On Drafts Of Lokpal Bill 4 July Supreme Court To Hear Vedanta Case 5 July 2G Scam: Karim Morani's Bail Plea Hearing 6 July GoM To Meet For Clearance On Coal Blocks EXPERT VIEWS "I think from our perspective, the most important thing we'd like to see (in India) is progress on financial reforms that provide a deeper, more liquid market for corporate debt for infrastructure financing, that allow a little more access of American companies and their technology in the financial area." Timothy Geithner U.S. Treasury Secretary "The Chinese have reserves of around $3 tn dollars, just a small percentage of this could help ease euro zone debt crisis. As we saw in Asian market crisis this type of debt can be a good investment. China is acting like a fund manager and wants a return; it also wants to be seen in a positive light by Europe." Mark Mobius Executive Chairman, Templeton Asset Management "Why senior members (like Murli Manohar Joshi) are not following Parliamentary procedures? When PAC report on 2G has been rejected by PAC members, and tenure of old PAC is over and new PAC has come into existence, then why they are trying to review this report again." Manish Tewari Congress Spokesperson WATCH OUT Young Turks Dream Decade We bring you a special show with Nandan Nilekani, the Chairman of the UIDAI. Catch 6 Young Turks in conversation with Nandan as he articulates the opportunities the world's most ambitious identification programme throws up. SHOW TIMINGS Wed 7:30pm