SENSEX ENDS FLAT AMID VOLATILITY; EYES FOMC MEET

Wednesday, Sep 21, 2011 BREAKING NEWS Click here for India Business Update Mobile Version 2G SCAM: PRANAB NOTE NAILS ROLE OF CHIDAMBARAM   A Finance Ministry note send by Pranab Mukherjee to Prime Minister has cast doubts over the role of Home Minister P Chidambaram, who was the then finance minister, in the 2G spectrum allocation. read more   WAS CHIDU NOTE TO PM A COVERT NOD TO RAJA?   A note from P Chidambaram to Prime Minister Manmohan Singh dated 15 January 2008 - exactly five days after A. Raja made his controversial award of 122 new telecom licences - seems to suggest that the two, willy-nilly, accepted Raja's decision as a given and did not question his decision to keep entry fees and spectrum charges at 2001 levels. read more   LEAD STORIES SEBI BARS 7 COS FROM RAISING FUNDS   SEBI has barred 7 companies from issuing any shares or convertible instruments, having found evidence of price manipulation in the issue of GDRs. read more GREECE TO OUTLINE MORE AUSTERITY TO SECURE LOAN   Greek cabinet is expected to outline spending cuts, tax increases to secure a bailout instalment crucial to avoid running out of money next month. read more SENSEX ENDS FLAT AMID VOLATILITY; EYES FOMC MEET   Sensex closed at 17,065.15 down 34.13 points as European markets too were quite choppy ahead of FOMC meet. Nifty fell 6.95 points, to close at 5,133.2 read more TOP STORIES • SC surprised over 2G zero-loss TRAI report   • I won't run for PM again, says LK Advani   • Stop rural expansion of ATMs, says FinMin to banks   • India Inc Top 100 advance tax up 9.4% at Rs 31,700 cr   • Rupee hits fresh 2-yr low, down 28 paise to $48.32   • Credit offtake up 20% during Sept 2010-11   • BSNL's loss triples to Rs 6,000 cr on 3G, BWA outgo   • Fortis Health not to buy Turkey's Acibadem hospitals   • PFC gets RBI nod for $1 bn overseas debt issue   • Stanley Electric to acquire 37% stake in Lumax   • Jaya meets protesters, fast against N-plant ends   • Illegal mining case: Reddys have 200 bank lockers   • Sikkim earthquake: Death toll climbs to 116   • SABMiller to buy Foster's for $10.2 bn   • Japanese exports rise for first time in 6 mths   • Fed looks set to ease policy as U.S. outlook dims   • Typhoon smashes into Japan, four already dead   • Social networking site Google+ open to public   • Check out: Facebook's here with more features   • Sacked Charlie Sheen set to pocket Rs 600 cr   more stories TOP VIDEOS India Is A Very Strong Domestic Story, Won't Be Significantly Affected By Western Problems: Karen Ward, Senior Global Economist, HSBC Bank   The Global Economy Is In A Dangerous New Phase, European Debt Crisis, U.S. Political Division Could Cause Recession: Olivier Blanchard, IMF Chief Economist   AT A GLANCE BSE 17065.15 -34.13 NSE 5133.25 -6.95 TURNOVER Rs. 130,319 cr BSE CASH Rs. 2,458 cr NSE CASH Rs. 10,163 cr NSE F&O Rs. 117,697 cr BULLION GOLD 27980 -59 SILVER 64783 +407 CRUDE NYMEX 86.82 -0.1 BRENT 111.2 +0.66 FOREX $ / Re 48.32 +0.27 £ / Re 75.38 -0.26 € / Re 66.098 +0.27 EVENTS 22 September Conference On Opportunities In SEZs, Visakhapatnam 21-22 September BIO India International Conference, Hyderabad NASSCOM Infrastructure Management Summit 2011, Bengaluru 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 EXPERT VIEWS "From the RSS, to the Jan Sangh and to the BJP, I am happier to be a part of the party. I do not want to become the prime minister. The worst scandal of independent India is a big blot not only on the political system but also democracy as MPs were on sale and the government was ready to buy them even if it cost them crores." LK Advani Senior BJP Leader (On govt's likely restrictions on FDI in pharma sector) "This is a sector that is growing, attracting investments. Any measure that will restrict FDI flow will be a regressive step. I think you'll devalue this sector, it is a well valued sector. This is a sector where India's growth driver lies for India's economic future." Kiran Mazumdar Shaw CMD, Biocon "There has been a clear slowdown in investment demand. There are hardly any new projects coming up due to both rise in interest rates and cost of inputs. Companies like steel and infrastructure which were earlier large consumers of credit are suffering." S.S. Mundra ED, Union Bank Of India WATCH OUT   Power Breakfast   Equip yourself with all the decision-making tools and information as Power Breakfast analyses and forecasts trends going into the business day and the markets. Dealing room calls and voices from market experts give you that extra-edge just to help you make a profitable decision. Our reporters put all newsbreaks into context and de-jargonize crucial information for your use. SHOW TIMINGS Weekdays 7 am