Tuesday, Sep 20, 2011
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2G SCAM: ADAG EXECS POINT INDIRECT FINGER AT BOSS
In a new twist, three senior executives of the Reliance Anil Dhirubhai Ambani Group (R-ADAG) have filed bail pleas before the Supreme Court saying that they were "merely employees and not actual beneficiaries" in the alleged 2G scam. If their bail pleas are accepted, it would imply that the true beneficiaries are their bosses - including, perhaps, group chairman Anil Ambani. read more |
2G SCAM: CBI OPPOSE PROBE AGAINST CHIDAMBARAM
The CBI opposed in the Supreme Court a plea for probing Home Minister P Chidambaram's alleged role in the 2G spectrum scam case saying it is beyond its jurisdiction to entertain it. The agency opposed the plea of Janata Party President Subramanium Swamy alleging that Chidambaram, the then Finance Minister, was party to conspiracy with Raja in deciding the price for spectrum. read more |
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| AT A GLANCE |
| BSE | 17099.28 | +353.93 |
| NSE | 5140.2 | +108.25 |
TURNOVER
Rs. 150,990 cr
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BSE CASH
Rs. 2,354 cr
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NSE CASH
Rs. 10,057 cr
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NSE F&O
Rs. 138,578 cr
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| BULLION |
| GOLD | 28012 | +347 |
| SILVER | 64516 | +1223 |
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| CRUDE |
| NYMEX | 86.84 | +1.03 |
| BRENT | 110.3 | +1.16 |
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| FOREX |
| $ / Re | 47.98 | +0.18 |
| £ / Re | 75.285 | +0.29 |
| € / Re | 65.661 | +0.31 |
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| EVENTS |
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| 21 September |
 | Global Insurance Summit-2011, Trident, Mumbai |
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| 21 September |
| Conference On Accelerating Power Of Energy For Industrial Growth Of Tamilnadu, Chennai |
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| 23-25 September |
| Finance Minister Pranab Mukherjee To Attend IMF World Bank Meet To Discuss Important Issues That Would Have Direct Impact On The Global Economy, Washington |
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| EXPERT VIEWS |
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"The recent debt exchange deal Europe offered Greece was a rip-off. If you take into account the large sweeteners the plan gave to creditors, the true debt relief is close to zero. A return to a national currency and a sharp depreciation would quickly restore growth and competitiveness, as it did in Argentina..."
Nouriel Roubini
Economist
(On the biggest hurdle in meeting fiscal deficit) "The review of administered prices particularly of petroleum products is necessary. It is required primarily from the point of view of maintaining the fiscal deficit. Prices could be raised to the extent the upstream companies can provide support to (oil marketing) companies."
C Rangarajan
Chairman, Prime Minister's Economic Advisory Council
"The remarks associated with me that I have praised the Gujarat chief minister are incorrect. It is very unfortunate that Leader of the Opposition (Sushma Swaraj) has misquoted me."
Mehbooba Mufti
Prersident, PDP
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| WATCH OUT |
 Young Turks Dream Decade
This week we put the spotlight on India's Internet Economy with Raju Vanapala of Way2SMS.com, India's first free SMS portal. On YT Gets Real we bring you the rags to riches story of Ramesh Babu, the barber who today owns a fleet of 154 imported cars! And on YT Buzz catch Kwench & Just Books, two ventures that are bringing books back in vogue!
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SHOW TIMINGS
Wed 7:30 pm
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