Talks Fail, Ramdev To Go Ahead With Fast; Sensex Down 117 Pts; Reliance To Become Debt-Free In FY12

Friday, Jun 03, 2011

BREAKING NEWS
TALKS WITH GOVT FAIL, RAMDEV TO GO ON FAST
Union ministers Kapil Sibal and Subodh Kant Sahay failed to reach an agreement with Baba Ramdev even after four hours of talks. Sibal said that an agreement could not be reached even though the government gave written answers to the issues raised by Ramdev, while Ramdev's spokesperson said that the answers given by the government were unsatisfactory. read more
RAMDEV'S RS 18 CR FAST: 100 CCTVs, 1,300 TOILETS
Yoga guru Baba Ramdev has pumped in Rs 18 crore for his 'fast-unto-death' stir against corruption in New Delhi's Ramlila Maidan. The ground will have 250,000 square feet of waterproof tents of 30 feet height with 780 fans and 100 coolers. Seven large-screen television sets, 100 CCTV cameras and low-noise sound systems will be installed. The ground will have facility to store 100,000 litre water and it will also have 1,300 toilets. read more
LEAD STORIES
RIL AGM FAILS TO LIFT SENTIMENTS, SENSEX DOWN 117 PTS
Sensex closed at 18,376.48 points weighed down by muted Reliance AGM. Nifty was down 33.60 points to end at 5,516.75. read more
RELIANCE TO BECOME DEBT-FREE IN FY12
Reliance Industries will be free of debt by March 2012 said chairman Mukesh Ambani at the company's AGM today. read more

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AT A GLANCE
BSE 18376.48 -117.7
NSE 5516.75 -33.6
TURNOVER
Rs. 107,049 cr
BSE CASH
Rs. 2,513 cr
NSE CASH
Rs. 9,741 cr
NSE F&O
Rs. 94,795 cr
BULLION
GOLD 22405 +98
SILVER 53899 -734
CRUDE
NYMEX 102.25 -0.08
BRENT 114.41 -1.13
FOREX
$ / Re 44.8 -0.02
£ / Re 73.194 +0.16
€ / Re 65.171 +0.45
EVENTS

6 June
Coal Ministry Meet On New Distribution Policy
Second Meeting Of The Lokpal Bill


7 June
Prime Minister's Review Meet On Power & Coal


9 June
EGoM To Meet On Allocation Of Natural Gas To Power Plants
Prime Minister To Take Final Call On Manufacturing Policy
CCEA To Take Up GOM's Recommendations On The Cairn Vedanta Deal

EXPERT VIEWS

"We accept the target given by the Finance Ministry certainly (of divestment of PSUs). But as to when and how the (PSUs) should go to the market certainly depends on the (company) board to decide in terms of their best interest...It can't be in the form of a diktat."

Bhaskar Chatterjee
Secretary, Dept Of Public Enterprises
"I have seen this IPL and I must say from the first day I didn't like it. We have created a monster that will go on to destroy international cricket."

Arjuna Ranatunga
Former Captain, Sri Lanka
"Mr Maran started a big correspondence for getting the terms of references changed and separating the pricing of the spectrum. He was the one who took away the power from the group of ministers to look into the various aspects of allocation of spectrum and policy of pricing."

Murli Manohar Joshi
Chairman, Public Accounts Committee

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