MKT'S RALLY LOSES STEAM, SENSEX DOWN 78 PTS

Wednesday, Sep 28, 2011 MOTHER OF ALL MINING SCAMS IN ODISHA: RS 3 LK CR   This could be the mother of all mining scams, and this time it's in Odisha, a State which accounts for over 30% of India's iron ore deposits. A CNN-IBN investigation has exposed a mining scam estimated at Rs 3 lakh crore, a scale that dwarfs the Bellary mining scam in Karnataka and the Goa mining scam. read more   NOW, GOA CM MAY LOSE JOB OVER ILLEGAL MINING   Goa Chief Minister Digambar Kamat's days are probably numbered. As the state's covert champion of illegal mining for 12 years -- that's how long he has held on to the mines portfolio -- Firstpost's expose on the Goa mining scam could cost him his job, thanks to the interest Sonia Gandhi is now taking in the matter. read more   LEAD STORIES GOVT STILL DOESN'T SEE RIL & BP AS PARTNERS: SOURCES   The much-hyped partnership between British Petroleum and Reliance Industries has yet to get the stamp of approval from the government. read more MKT'S RALLY LOSES STEAM, SENSEX DOWN 78 PTS   It was a consolidation day for the market ahead of expiry tomorrow. Nifty slipped 25.35 points to 4,945.90. Sensex closed at 16,446.02. read more BIG FOUR AUDITORS FACE MASSIVE SHAKE-UP   A radical EU plan proposes that auditors be banned from offering consultancy services to the companies they audit. read more TOP STORIES • Singur Land Row: Tatas lose, Mamata wins   • Will exit low cost Kingfisher Red business: Mallya   • Ambani brothers meet Chidambaram separately   • 2G scam: FIR against Maran, Essar by Sept 30   • Forest ministry cancels Sesa Goa green clearance   • 2G note prepared on inputs from PMO: Pranab   • CAG's initial 2G loss figure was Rs 2,645 cr: RTI   • Rupee jumps 32 paise against dollar on fund inflows   • Corporates, NGOs must under Lok Pal: Justice Hegde   • BSE gets SEBI approval for SME Exchange   • Samvardhana Motherson files for Rs 1,750 cr IPO   • HAL aspires to be $6 bn firm in a decade: CMD   • TDSAT stays Qualcomm's BWA spectrum cancellation   • M&M may consider buying 4-5% BT stake in Tech Mah   • Protect truth, not tainted minister: BJP to PM   • Amar Singh's regular bail plea rejected   • Telangana stir hits IT employee turnout   • Govt to launch $35 computer on Oct 5   • LG seeks ban on BMW, Audi sales in Korea   • Sachin moves into his new dream house   more stories TOP VIDEOS MoEF Clearances On A Case-to-case Basis Now: Sri Prakash Jaiswal, Union Coal Minister   Govts Need To Speed Up Reforms To Solve European Debt Crisis: Peter Mandelson, EU Trade Commissioner   Downtrend Is A Correction In An Ongoing Bull Market: Mark Mobius, Executive Chairman, Templeton Emerging Markets   AT A GLANCE BSE 16446.02 -78.01 NSE 4945.9 -25.35 TURNOVER Rs. 197,351 cr BSE CASH Rs. 2,351 cr NSE CASH Rs. 10,052 cr NSE F&O Rs. 184,948 cr BULLION GOLD 26030 -157 SILVER 51759 -1230 CRUDE NYMEX 83.37 -1.08 BRENT 106.77 -0.37 FOREX $ / Re 48.75 -0.31 £ / Re 76.414 -0.06 € / Re 66.506 +0.05 EVENTS 29 September Fin Min To Meet Industry Representatives On Corporate Debt Market 8th National Summit On E-governance, New Delhi International Trade Awards, Trident, Mumbai 3 October Joint Panel Of Finance Ministry & RBI Meet To Decide On The Borrowing Calendar For The Second Half Of The Current Fiscal 12 October Conclave On Healthcare And IPR Post 2005 Amendment, New Delhi 12-13 October India-Africa Business Partnership Summit, Hyderabad International Convention Centre, Hyderabad EXPERT VIEWS "Today's verdict is (a) historic verdict. Agitation of the farmers in Singur has not only shown the path to other parts of India, but also to the whole world...We will decide on the modalities of giving back the land to the farmers." Mamta Banerjee Chief Minister, West Bengal "We are doing away with Kingfisher Red because we do not wish to compete in the low cost segment. We believe that there are more than enough guests who prefer to travel the full service Kingfisher class and that shows through in our own performance where load factors in the Kingfisher class are more than Kingfisher Red." Vijay Mallya Chairman, Kingfisher Airlines "We do not have the numbers to destabilise the government. We do not even need to destabilise the government. It is collapsing under its own contradictions." Arun Jaitley Leader Of Opposition In Rajya Sabha WATCH OUT   Ministers of Change   This week on the Ministers of Change we ask why the women of Punjab are discriminated against and what the government is doing about it. Analijit Singh of the Max Group takes us through Punjab's fight against its other silent killer: cancer. And we take stock of Parkash Singh Badal's term in office ahead of the assembly elections in 2012 with HK Dua and Yogendra Yadav. SHOW TIMINGS Thur 7:30 pm