British PM `Regrets` Hiring Ex-Editor Andy Coulson; Sensex Sheds 151 Pts; Certain Amount Of Bribe Giving Can Be Made Legal, Says Narayana Murthy

Wednesday, Jul 20, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version PHONE HACKING: CAMERON 'REGRETS' HIRING COULSON British PM David Cameron, in an emergency debate in parliament, expressed regret for his decision to hire Andy Coulson, former editor of the News of the World, but stopped short of a full apology. David Cameron told MPs that "with hindsight" he would not have hired Andy Coulson. In the closest he has come to an apology, the PM said: "Of course I regret, and I am extremely sorry about the furore it has caused." read more LEAD STORIES SENSEX SHEDS 151 PTS ON PROFIT-BOOKING Despite firm global cues, Sensex erased yesterday's gains on profit-booking and ended at 18,502.38 points. Nifty fell 46.50 points to end at 5,567.05. read more CERTAIN AMT OF BRIBE GIVING CAN BE MADE LEGAL: MURTHY Narayana Murthy said that we should consider Kaushik Basu's view on making certain amount of bribe giving as legal. read more PM, SONIA INVOLVED IN CASH-FOR-VOTE SCAM: SUHAIL Suhail Hindustani, who acted as a liaison between Amar Singh and BJP MPs, has dragged the PM and Sonia Gandhi in the cash-for-vote scam. read more TOP STORIES • Govt lowers FY12 GDP growth to 8.6% from 9% • Govt does flip-flop, now says CSR mandatory • Gold falls from record high, silver sheds Rs 1,500 • Wipro Q1 net rises 1.23%, outlook disappointing • Dr Reddy's Labs Q1 net down 21.5% at Rs 263 cr • Crompton Greaves scrip tanks another 14% to Rs 176 • 2G case: Raja, Behura seek postponement of trial • 13/7 Mumbai blast: ATS claims 'very good' leads • Hindu family battle: Senior editors resign in protest • Asianet acquires 51% in Kannada Prabha daily • Realtor Oberoi may move HC over Centaur hotel deal • Lupin shares fall 2.6% as Jhunjhunwala halves stake • In a new weave, Raymond to enter forgings • Rs 75 lakh for each Mangalore crash victim's family • India Inc all set for M&A warpath: KPMG • HSBC to stop servicing U.S. clients from India • Test funds' interest in infra bonds: Govt to McKinsey • Now, Kerala to crackdown on pvt microfinance firms • Greater Noida: HC defers PIL against land acquisition • American Airlines buys 460 jets; biggest deal in aviation more stories TOP VIDEOS Crompton Greaves As A Business Model Is Not Weak; It's The Market Which Has Impacted It: SM Trehan, Non-Executive Vice Chairman, Crompton Greaves The Bottomline Of The State Electricity Board Is Bad...It Is Like A Bottomless Pit: Suresh Prabhu, Former Power Minister I Don't Think It Is Time To Be Buying Stocks In India Right Now : Mark Matthews, Head Research-Asia, Julius Baer We Should Have Focused More On Connecting People - A Hole That Allowed The Emergence Of Rival Internet Giant Facebook: Eric Schmidt, CEO, Google AT A GLANCE BSE 18502.38 -151.49 NSE 5567.05 -46.5 TURNOVER Rs. 147,650 cr BSE CASH Rs. 3,054 cr NSE CASH Rs. 11,033 cr NSE F&O Rs. 133,562 cr BULLION GOLD 22987 -53 SILVER 58022 -1233 CRUDE NYMEX 102.25 -0.08 BRENT 117.93 +0.87 FOREX $ / Re 44.445 -0.05 £ / Re 71.65 -0.09 € / Re 63.054 +0.08 EVENTS 21 July Arguments On Framing Charges In 2G Case To Commence 22 July Board Of Approval To Decide On Setting Up New SEZs 26 July RBI's Credit Policy Review L&T Finance's IPO To Open 27 July EPFO's Central Board Of Trustees Meet To Appoint A Separate Custodian For Its Securities 28 July SEBI Meet On Achuthan Takeover Code Report 1 August Monsoon Session Of Parliament Begins FM To Meet Corporate Honchos To Discuss Ways To Rejuvenate The Economy EXPERT VIEWS "All the 60 years we tried the concept of voluntary CSR. Unfortunately, it did not catch up...As my predecessor has said, 2% mandatory provision (for CSR spend in the Companies Bill 2009) will stay." Veerappa Moily Corporate Affairs Minister "You don't make decisions in hindsight; you make them in the present. You live and you learn - and believe you me, I have learnt. I have an old-fashioned view about innocent until proven guilty. But if it turns out I have been lied to, that would be a moment for a profound apology. And, in that event, I can tell you I will not fall short." David Cameron British Prime Minister (Whether he would resign) "I feel that people I trusted, I'm not saying who, I don't know on what level, have let me down and I think they behaved disgracefully, betrayed the company and me, and it's for them to pay. I'm the best person to clean this up." Rupert Murdoch CEO, News Corp WATCH OUT Young Turks Dream Decade This week we put the spotlight on India's Internet Economy with Ishita Swarup of 99labels.com, a branded apparel and accessories etail venture. On YT Gets Real meet Ajay Chaturvedi who is harnessing the potential of the rural economy with his venture HarVa. And on YT Buzz we bring you Microsoft's hunt for tech entrepreneurs - The Microsoft BizSpark India Start-up Challenge 2011. SHOW TIMINGS Wed 7:30 pm