Anna Sets 3 Conditions, Govt Agrees To Parliament Debate; Sensex Down 138 Pts; RBI Warns Of High Prices, Low Growth; Steve Jobs Resigns As Apple CEO

Thursday, Aug 25, 2011 BREAKING NEWS Click here for India Business Update Mobile Version ANNA SETS 3 DEMANDS, GOVT AGREES TO PARL DEBATE Reacting to Parliament's appeal to end his fast, Anna Hazare on Thursday demanded that Parliament discuss from Friday three key issues on Jan Lokpal Bill and create an agreement, failing which he will not end his fast. The three demands made to the Prime Minister are - citizen's charter in government offices, inclusion of the provision for creation of Lokayuktas in all states and inclusion of lower bureaucracy. The Parliament has agreed to take up all versions of the Lokpal Bill for discussion tomorrow - the Jan Lokpal Bill prepared by Hazare and his associates, the Government's Lokpal Bill along with the versions prepared by Aruna Roy and Lok Satta President Dr Jayaprakash Narayan. The discussion in Parliament will take place under Rule 184 which entails voting. read more LEAD STORIES SENSEX DOWN 138 PTS; AUG F&O WORST IN 3 YRS Banking collapsed 16% in the August series, Nifty plunged 12%. FIIs sold Rs 11,000 cr of equity shares. Markets today ended in red led by banking, IT. read more RBI WARNS OF HIGH PRICES, LOW GROWTH AT 8% AHEAD The RBI annual report said that inflation will remain high. FY12 growth will be at 8% but there will be a downside bias if global conditions worsen. read more STEVE JOBS RESIGNS AS APPLE CEO; TIM COOK NEW CEO Steve Jobs resigned as CEO of Apple and passed the reins to his right-hand man Tim Cook, saying he could no longer fulfill the duties. read more TOP STORIES • 'Hurt' PM refutes charges of conniving with corruption • PM writes to ex-CJI JS Verma • Chalo Dilli if demands not met till Sat: Team Anna • U.S. mkts open higher as Buffett invests in BofA • China deploys advanced n-missile on Indian border • Gold falls $200 from record high of $1,911.46/ounce • Rupee rebounds from 11-mth low, ends at 46.04/$ • Food inflation nears double-digit mark, at 9.80% • Monsoon rains 8% below normal in past week: MET • Telcos under TRAI scanner for hiking mobile tariffs • Govt to bend rules for Reliance Life Insurance? • Govt's $11 bn infra fund stuck on regulatory hurdles • Govt's draft code for unethical pharma marketing • Srei Infra Finance to raise Rs 4,600 cr infra fund • BMW brings the new X3 to India at Rs 41 lakh • Cash-for-vote scam: Amar Singh, 5 others summoned • Domino's Pizza: Now, order and pay online • Sonia 7th most powerful woman, Merkel tops: Forbes • India, China enjoy 68% of emerging mkt PE investment • Bernanke may forgo easing at Fed meeting tomorrow more stories TOP VIDEOS To Accuse Me Of Conniving With Corrupt Colleagues Is Not Proper: Manmohan Singh, Prime Minister QE3 Even If Announced In Jackson Hole Meeting Would Not Transform Prospects Of Profitability For The Global Corporate Sector: Robert Buckland, Global Strategist, Citigroup The Slowdown Seen Through The Third Quarter Has Been Much Severe And Looks Like The World Is Untracked For A Double Dip: Emil Wolter, Head Regional Asian Equity Strategist, RBS AT A GLANCE BSE 16146.33 -138.65 NSE 4839.6 -49.3 TURNOVER Rs. 241,602 cr BSE CASH Rs. 2,361 cr NSE CASH Rs. 13,477 cr NSE F&O Rs. 225,764 cr BULLION GOLD 25804 -489 SILVER 60261 +425 CRUDE NYMEX 84.73 -0.43 BRENT 110.37 +0.22 FOREX $ / Re 46.04 +0.05 £ / Re 75.234 -0.02 € / Re 66.325 +0.04 EVENTS 25-26 August 2nd Annual Conference On Dredging In India, Grand Hyatt, Mumbai 10th Oil & Gas HR Round Table, ITC Grand Central, Mumbai 26 August India SME Leadership Summit, Hyatt Regency, Mumbai Federal Reserve Chairman Ben Bernanke Speech, Jackson Hole, U.S. 27 August Team Anna Calls For 'Dilli Chalo' 5 September SAT To Hear Sahara's Plea On OFCDs 5-7 September India Japan Global Partnership Summit, Tokyo, Japan EXPERT VIEWS "I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know. Unfortunately, that day has come...I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee." Steve Jobs CEO, Apple "All I can say is that if any wrong has been done by me, I invite the Leader of the Opposition to look at my property which I may have accumulated in the last 41 years. I would accept the verdict of the Leader of the Opposition if they find that I have used public office to amass wealth for myself or for any member of my family...Who is above making mistakes? To err is human but to accuse me of evil intentions, of conniving with corruption is a charge I firmly repudiated." Manmohan Singh Prime Minister "We have sent letters to all the companies (telcos) that have recently hiked tariffs seeking justification as to why they have hiked the tariffs and the reasons for the same. The last one (letter) has gone to Reliance Communications...We'll examine what are the reasons they hiked, whether this hike is (justifiable)...whether there is any substance in what they are claiming." JS Sarma Chairman, TRAI WATCH OUT Tech Toyz This week on Tech Toyz Ankit and Shruti review all the new gadgets that have hit the market! The LG optimus 3D, the BlackBerry Bold 9900 and the cheapest tablet available, the Beetel Magiq. Which of these should you buy and which should you kick? SHOW TIMINGS Fri 6:30 pm Sat 8:30 pm