RIL, INFOSYS PUSH SENSEX UP 149 PTS

Tuesday, Sep 06, 2011 AMAR SINGH ARRESTED IN CASH-FOR-VOTES SCAM   In a dramatic turn of events, Rajya Sabha member Amar Singh was on Tuesday arrested in connection with the 2008 cash-for-vote scam when he appeared before a local court after initially claiming that he was too ill to attend proceedings. Mr. Singh was denied bail and the court sent him to Tihar jail, under judicial custody till September 19. The court also rejected bail to former BJP MPs Faggan Singh Kulaste and Mahabir Singh Bhagora, who too appeared before the court responding to its summons for their alleged role in the scam. read more   LEAD STORIES SONIA GANDHI TO RETURN TO INDIA SOON   "Sonia Gandhi will be returning soon but I cannot say whether she is coming tonight or within the week," said Congress spokesman Janardhan Dwivedi. read more RIL, INFOSYS PUSH SENSEX UP 149 PTS   Sensex closed at 16,862.81 as RIL shot up 4% and Infosys 1.7%, amid a firm trend in European markets. Nifty rose 47.10 points to end at 5,064.30. read more SLR AT 24%, CRR AT 6% IS HIGH: RBI   RBI Governor Subbarao said today that CRR and SLR is still considered high and there is an objective in the Reserve Bank that it must be brought down read more TOP STORIES • Amar Singh makes fresh bail plea on health grounds   • Gold retreats 1.6% after hitting record high of Rs 28,744   • U.S Stocks in red at open on renewed global fears   • Rupee pares losses as Swiss sets euro target rate   • 2G scam: JPC gets time till Budget session   • DoT to send showcause notices to 83 licence holders   • $9 bn fund for Delhi-Mumbai industrial corridor   • BP to raise output at RIL's D6 block in 2 yrs   • DGH reopens issue of sharing RIL's earnings on D6 gas   • ONGC files offer document for Rs 11,000 cr share sale   • DCI disinvestment not possible due to low valuation   • Tata Autocomp drops $245 mn IPO plan   • Mobile tariffs to go up further: Sunil Mittal   • Fiat, Tata cars to be now sold in different showrooms   • Piaggio to re-enter scooter mkt with 'Vespa'   • Full production after workers sign bond: Maruti   • Swiss draw line in the sand to weaken franc   • Double-dip recession unlikely: World Bank chief   • China growth may slide below 9% in 2012   • Cambridge remains world's top varsity   more stories TOP VIDEOS The Fundamental Question Is Whether Europe Will Have To Create A Fisc al Union Or The Eurozone Will Have To Change? :Robert Zoellick, President, World Bank   Govt Snores As RBI Carries Economy On Its Shoulders: Jim Walker, MD, Asianomics   Uncertainty In Global Economies Is Likely To Continue: Prabhat Awasthi, Head Equity Research & MD, Nomura Financial Advisory & Securities   I Not Only Hope But I am Sure The Small Retailer Will Continue And The Small Retailers Connect Will Continue: Govind Shrikhande, MD, Shoppers Stop   AT A GLANCE BSE 16862.81 +149.48 NSE 5064.3 +47.1 TURNOVER Rs. 126,929 cr BSE CASH Rs. 3,014 cr NSE CASH Rs. 12,987 cr NSE F&O Rs. 110,927 cr BULLION GOLD 28385 -100 SILVER 65590 -804 CRUDE NYMEX 84.51 -1.94 BRENT 111.43 +1.35 FOREX $ / Re 46.08 +0.09 £ / Re 73.753 -0.35 € / Re 64.691 -0.11 EVENTS 5-7 September Pascal Lamy, WTO Director General To Visit India India Japan Global Partnership Summit, Tokyo, Japan 6-7 September 10th Annual Conference On IT In Power, The Grand, New Delhi World Energy Policy Summit, ITC Maurya, New Delhi Prime Minister Manmohan Singh To Visit Bangladesh For Galvanising Bilateral Ties Between The Two Nations 7 September SIAM Annual Convention 2011, Taj Palace, New Delhi EXPERT VIEWS "SLR at 24%, CRR at 6% is still considered high. At some point it [CRR, SLR combined] was 65% and now it is 30%. It is our objective in RBI to bring it down but in a calibrated way. We should bring it (SLR) down so that credit is available and so that private sector is not crowded out." Duvvuri Subbarao RBI Governor Mobile tariffs will rise significantly in the coming months, because operators will try to offset the lower revenue from rural markets, where users typically make fewer phone calls than in cities and towns. So far, operators in the country boasted the lowest tariffs in the world. But increasing pressure on margins and rising costs have forced operators to increase tariffs." Sunil Mittal CEO And MD, Bharti Group "I don't believe that the United States or the world will go into a double-dip but there's high degrees of uncertainty. Europe Union had to consider working closer in the area of fiscal policy to address the problems facing its members. One direction is to deepen the fiscal union." Robert Zoellick World Bank, President WATCH OUT   Young Turks Dream Decade   This week we put the spotlight on India's Internet Economy with Sunil Kallerackal of Bookurtable.com, India's largest live restaurant network! On YT Gets Real catch Nirmal Prakash who is giving Indians a Smart ID. And on YT Buzz catch 2 Young Turks who are making headlines in the Mobile VAS Space. SHOW TIMINGS Wed 7:30 pm