THREE BOMB BLAST ROCKS MUMBAI; Sensex Gains 184 Pts

Wednesday, Jul 13, 2011 BREAKING NEWS Click here for India Business Update Mobile Version 13/7: THREE BOMB BLAST ROCKS MUMBAI Terror striked Mumbai once again with bomb blasts hitting three places --Zaveri Bazar, Opera House and Dadar -- at around 6.50-7 pm this evening, injuring over 50 people says unconfirmed reports. Police sources said the nature and intensity of the blasts were not known. The first explosion took place in south Mumbai's Zaveri Bazaar, near the famous Mumbadevi temple, in which some people were injured, said Mumbai Police spokesperson Nisar Tamboli. The bustling market also has a number of jewellery shops. The second blast took place at near Opera House, while the third explosion was reported near Kabutarkhana close to Dadar station. At the time of going to Press all telephone networks were jammed. The Union Home Ministry said the multiple explosions were a terror strike and that Improvised Explosive Devices (IED) were used. read more LEAD STORIES SENSEX SNAPS 3-DAY LOSING STREAK, GAINS 184 PTS Sensex closed at 18,596.02 points cutting three-day losses as investors brought recently battered blue chips. Nifty ended at 5,585.45 up 59.30 points. read more MONTEK SUGGESTS HIGHER POWER TARIFFS IN PEAK HOURS Planning Commission Dy Chairman Montek Singh Ahluwalia today suggested introduction of different electricity tariffs for peak and off-peak hours. read more MOTHERSON SUMI'S MEGA DEAL, BUYS OUT 80% IN PEGUFORM The Rs 8,000-crore Motherson Sumi Systems is all set to acquire 80% in German-based Peguform Group. The deal could be around Rs 4,000 cr. read more TOP STORIES • 2G scam: HC refuses plea against Tata, Ambani • Thomas moves HC seeking stay new CVC appointment • Noida flat buyers entitled to get full refund: SC • Aircel-Maxis deal: CBI quizzes StanChart officials • Rupee snaps 2-day loss, up 18 paise at 44.52/$ • Gold surges to 10-wk high, regains 23K level • SC admits Tata's plea against RPower on Sasan proj • RBI suggests ED probe into DE Shaw-Amar Ujala deal • Now, Rahul Gandhi jumps on Posco bandwagon • M-pay services to generate Rs 20,250 cr as fee • Reliance not in talks to buy Aircel stake • Karbonn mobile phone maker to sell 15% for $135 mn • 4 PSU banks raise interest rates by up to 50 bps • Sanjiv Goenka carves out new identity for group cos • Roche, Helsinn sue Dr Reddy's for patent infringement • EU not to seize Indian drug despatches via Europe • Gujarat NRE settles Australian mine spat for $45 mn • Banks not for savings rate deregulation now • Under pressure News Corp withdraws bid for BSkyB • India's first custom-built Street Rod launched more stories TOP VIDEOS The Market Is Very Transparent, The Price Is Very Competitive, Any Foreign Company To Compete In China It Takes Time: Tulsi Tanti, Chairman & MD, Suzlon Energy It Is An Exaggeration Given By European Politicians, IMF And ECB To Prevent A Default In The Next Few Years: Ian Scott, Global Head - Equity Strategy, Nomura European Central Bank Needs To Do A Federal Reserve Kind Of Quantitative Easing Programme To Survive The Crisis: James Chirnside, CIO, Asia Pacific Asset Management AT A GLANCE BSE 18596.02 +184.4 NSE 5585.45 +59.3 TURNOVER Rs. 104,972 cr BSE CASH Rs. 2,443 cr NSE CASH Rs. 9,609 cr NSE F&O Rs. 92,920 cr BULLION GOLD 22961 +265 SILVER 56869 +2958 CRUDE NYMEX 102.25 -0.08 BRENT 119.1 +1.35 FOREX $ / Re 44.52 -0.18 £ / Re 71.561 +0.59 € / Re 63.058 +0.75 EVENTS 14 July GoM Meet To Review Coal And Power Projects Global Investors Meet 2012, Taj West End, Bengaluru Pradeep Kumar To Be Sworn In As The New Central Vigilance Commissioner 18 July Empowered Committee Of State FMs To Meet On GST 19 July FICCI Health Insurance Conference 2011, The Lalit, New Delhi 20 July Conference On Supercritical Technology: The Imperial, New Delhi EXPERT VIEWS "(On Greater Noida land acquisition) Those who have paid money to the builders for booking flats etc shall be entitled to get back the amount along with interest at an appropriate rate and if the builders refuse to repay the amount, then they shall be free to avail appropriate legal remedies." Justices GS Singhvi & AK Ganguly Supreme Court "Given the conditions in which we are today, the bankers felt it will not be appropriate for actually not going in for deregulation at this point of time...We can't have a situation where we give free ATM transactions, free transfers and there is no cost for cheque books....the deregulation must be in totality." K Ramakrishnan CEO, Indian Banks' Association "If Posco provides proper rehabilitation to the affected people then we will be with Posco. If it fails to do so, we will be with the agitating people fighting for justice." Rahul Gandhi Congress Leader 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. As they battle it out for glory, you can predict which expert is worth his weight in stocks & win an iPad2 everyday. 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