SC Directs Sahara To Approach SAT Against SEBI Order On OFCDs; Share Prices At BSE Go Haywire Due To Technical Glitch; Sensex Down 56 Pts

Friday, Jul 15, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version 13/7 MUMBAI BLASTS: 2-WHEELER OWNER IDENTIFIED Security agencies have identified the owner of the two-wheeler in which the explosive material was planted at Zaveri bazar in Mumbai. Meanwhile cyber experts are looking into an email which may have some cross-border links. Union Home Secretary, RK Singh today said that through CCTV footages of the three blast sites they have all the people and the faces. They have to be recognised by local people to see whether they are locals or outsiders. (See Video -- "Communications broke down..could not contact police for 15 minutes after the blasts," says Maharashtra Chief Minister Prithviraj Chavan in a candid interview.) read more LEAD STORIES SC DIRECTS SAHARA TO APPROACH SAT AGAINST SEBI ORDER SC has directed Sahara India Real Estate Corp to approach the Securities Appellate Tribunal against SEBI's order on OFCDs within 3 weeks. read more SENSEX DOWN 56 PTS ON RATE HIKE FEARS Sensex closed at 18,561.92 points on weak global cues and fears of more rate hikes to curb inflation. Nifty ended at 5,581.10 down 18.70 points. read more SHARE PRICES AT BSE GO HAYWIRE DUE TO TECHNICAL GLITCH Scrips like RIL and TCS, on Friday displayed weird movements with huge gains and losses of up to 20% at BSE due to technical glitch. read more TOP STORIES • TRAI firm on its decision to cancel 74 licences • Gold falls from record high to Rs 23,120/10 gm • Services exports up 3.2% to $11.83 bn in May • 2G scam: Probe Chidambaram's role BJP tells CBI • Review of SC order on SIT in 2-3 days: Govt • SC sets aside Delhi HC order in Telenor, Unitech case • Sanofi-Shantha Biotech deal: AP HC rejects I-T plea • SEBI mulls making MF brokerage fee part of expenses • Bajaj says project with Renault, Nissan on track • Singur: Tatas say Bengal has to honour agreements • DB Realty township project in Pune cancelled • GMR's Singapore arm ties-up funds for 800-MW proj • Tata to launch 'Nano' homes for Rs 32,000 • ISRO successfully launches comm satellite GSAT-12 • 70% Indians live in rural areas: 2011 Census • Valuing talent through CTC is a failure: IIM-A • Murdoch aide Brooks quits as head of UK newspapers • Google tops estimates, Q2 net surges 36% to $2.51 bn • Dell climbs to 2nd slot in worldwide PC market • Internet use affects memory, study finds more stories TOP VIDEOS ...For First 15 Minutes Or So, There Was Complete Breakdown Of Communication Which Was Shocking, Which Was Unacceptable: Prithviraj Chavan, Chief Minister, Maharashtra Exclusive Interview 48 Hours After Bomb Blast Even The Government Is Also Worried That Power Distribution Sector Has Been Neglected: Sushil Kumar Shinde, Power Minister Macro Turbulence Across The World And Uncertainty In Different Parts Of The World Disturbs Business: N Chandrasekaran, CEO & MD, TCS Pulsar Continues To Do Well And We Will Have A New Launch Next Month Which Will Help Maintain Sales Momentum: Rajiv Bajaj, MD, Bajaj Auto AT A GLANCE BSE 18561.92 -56.28 NSE 5581.1 -18.7 TURNOVER Rs. 114,214 cr BSE CASH Rs. 2,051 cr NSE CASH Rs. 8,465 cr NSE F&O Rs. 103,698 cr BULLION GOLD 22969 -32 SILVER 57802 +97 CRUDE NYMEX 102.25 -0.08 BRENT 117.29 +1.03 FOREX $ / Re 44.51 +0.02 £ / Re 71.706 -0.04 € / Re 62.817 -0.15 EVENTS 18 July Hillary Clinton To Visit India Empowered Committee Of State FMs To Meet On GST 19 July FICCI Health Insurance Conference 2011, The Lalit, New Delhi Round Table Discussion On Coal Washeries: Adding New Dimension To Indian Coal Sector, India International Center, New Delhi 20 July Conference On Supercritical Technology: The Imperial, New Delhi 21-22 July 5th Annual Conference On Developing Container Infrastructure, The Imperial, New Delhi 22 July BOA Meet To Decide On Setting Up New SEZs Ceat India Road Transportation Awards, The Trident, Mumbai EXPERT VIEWS "I do not wish to go against the wishes of the farmers and the swamiji as I am a pro-farmers man. As such there will be no POSCO steel plant in Gadag district and I am not acquiring fertile farmlands for the purpose." BS Yeddyurappa Chief Minister, Karnataka "A Raja, the then Telecommunications Minister, is in jail and has been formally chargesheeted for conspiracy behind the loot and corruption of thousands of crore in the award of 2G licence. However,...the CBI for reasons unknown has not investigated the role of P Chidambaram who was the then FM." Prakash Javadekar BJP Leader "I think giving (Home Ministry to NCP) was a mistake. We should have re-looked at it. I don't know of any other coalition government where the portfolios of home, finance and planning are not with the Chief Minister." Prithviraj Chavan Chief Minister, Maharashtra WATCH OUT Bulls Eye 5 trading days, 4 stocks, 3 experts, 1 champion. CNBC-TV18 brings you Bull's Eye, a stock portfolio game with a unique format. Top market experts will build an ultimate portfolio with 4 lakhs virtual cash each trading week. 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