| Wednesday, Aug 24, 2011 |  | | | DAY 9: NO POLITICAL CONSENSUS ON LOKPAL BILL
The all-party meeting called by Prime Minister Manmohan Singh on the Lokpal Bill today failed to arrive at a consensus. Shiv Sena leader Manohar Joshi said that there was no unanimity among the parties. The meeting also asked for changes in the Government's Lokpal Bill that has already been tabled in Parliament and sent to the Standing Committee. The Department of Personnel have also forwarded the Jan Lokpal Bill to the Parliament Standing Committee for consideration. All parties have jointly appealed to Anna Hazare to break his fast. (SEE 'TOP STORIES' -- PRIME MINISTER'S OPENING REMARKS AT ALL-PARTY MEET) read more | CORRUPTION IN INDIA HAS BECOME WORSE: TATA
Top industrialists have expressed concern over the impact that worsening corruption has on their businesses and said there was no shortcut to becoming a billion-dollar company other than doing things the right way. "I think corruption has become worse and if you choose not to participate in this, you leave behind a fair amount of business," said Ratan Tata, Chairman, Tata Group. read more | SENSEX SHEDS 213 PTS AHEAD OF F&O EXPIRY
Eequity benchmarks lost ground in the last half hour of trade as profit booking picked up pace. Short positions in banking, auto and select metal stocks ahead of F&O expiry tomorrow added to the pressure. Sensex closed down at 16,284.98 points despite positive European cues. Nifty dived below the 4,900-mark; it fell 60 points to end at 4,888.90. read more | | | | | | AT A GLANCE | | BSE | 16284.98 | -213.49 | | NSE | 4888.9 | -60 | | TURNOVER Rs. 190,719 cr | | BSE CASH Rs. 2,095 cr | | NSE CASH Rs. 9,567 cr | | NSE F&O Rs. 179,057 cr | | | | BULLION | | GOLD | 26534 | -1063 | | SILVER | 61249 | -2343 | | | | CRUDE | | NYMEX | 85.81 | +0.37 | | BRENT | 109.91 | +0.6 | | | | FOREX | | $ / Re | 46 | +0.38 | | £ / Re | 75.382 | +0.17 | | € / Re | 66.344 | +0.5 | | | | EVENTS |
| | 25-26 August |  | 2nd Annual Conference On Dredging In India, Needs & Requirements, Issues & Opportunities, Grand Hyatt, Mumbai | | 10th Oil & Gas HR Round Table, ITC Grand Central, Mumbai | |
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| | 26 August | | India SME Leadership Summit, Hyatt Regency, Mumbai | | Federal Reserve Chairman Ben Bernanke Speech, Jackson Hole, U.S. | |
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| | 5 September | | SAT To Hear Sahara's Plea On OFCDs | |
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| | 5-7 September | | India Japan Global Partnership Summit, Tokyo, Japan | |
| | | | | | EXPERT VIEWS |
| | "I think corruption has become worse and if you choose not to participate in this, you leave behind a fair amount of business. You have a non-level playing field and those who do not participate in this (paying bribes) live at a disadvantage. A large part of the business community is cautious."
Ratan Tata
Chairman, Tata Group "One can bribe their way to make a $10 million company, but if you want to make a $1 billion company, there is no other way but to do business the right way."
NR Narayana Murthy
Chairman Emeritus, Infosys "During a debate in the Constituent Assembly, when someone asked about the accountability of press, Dr Ambedkar had said that when executive, legislature and the judiciary would fail, the fourth pillar would be the only asylum. In the 2G case, the asylum has turned into a slaughterhouse for me."
A Raja
Former Telecom Minister |
| | WATCH OUT | India Healthcare Awards 2011
ICICI Lombard Health Insurance and CNBC-TV18 present the India Healthcare Awards 2011. Do your bit by voting for the best hospital in India, SMS 'BH (hospital name)' to 51818 or log on on to http://hca.moneycontrol.com for more details. | SHOW TIMINGS Coming Soon
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