SENSEX FALLS 108 PTS ON WEAK GLOBAL TRENDS

Monday, Sep 05, 2011 BREAKING NEWS Click here for India Business Update Mobile Version CABINET CLEARS LAND ACQUISITION BILL 2011   The Union Cabinet today cleared the Land Acquisition Bill which will be tabled in the Parliament on September 7. The Bill's draft makes consent of at least 80% landowners mandatory if acquisition is for private projects. Public purpose has been defined as land use for strategic purposes, infrastructure and industry. But the consent is not mandatory when land is acquired by the government for its own use. Multi-cropped agricultural land could be acquired as the last resort in those districts where more than 50% of land is multi-cropped. The earlier position was that multi-cropped land cannot be acquired at all. read more   LEAD STORIES JANARDHANA REDDY ARRESTED; IN 14-DAY JUDICIAL CUSTODY   More than 30 kg of gold and Rs 3 crore in cash was found in CBI raids of Reddy's premises. read more SENSEX FALLS 108 PTS ON WEAK GLOBAL TRENDS   Sensex closed at 16,713.33 points as world markets fell post U.S. job growth report and euro debt worries. Nifty ended at 5,017.20 down 22.80 points. read more RELIEF FROM PESKY CALLS, SMSes FROM SEPT 27   Millions of telecom subscribers, mobile and landline, will finally get relief from unwanted calls and SMSes from September 27. read more TOP STORIES • Gujarat Lokayukta issue rocks Parliament again   • India Inc sends policy wish-list to Finance Minister   • Justice Sen resigns, escapes impeachment   • Equity funds post worst month since Jan   • Services sector growth slows to over 2-year low: HSBC   • Brent dips under $111 on U.S. recession fears   • Gold hits record high of Rs 28,350/10 gm   • Hero Group to launch 5-star deluxe hotel in Gurgaon   • RComm to revamp wireless biz, may slash 700 jobs   • ONGC's Rs 12,000 cr FPO to open on 20 Sept   • Honda to recall over 72,000 City sedans in India   • Tata Motors launches Indigo e-CS VX at Rs 5.8 lk   • Brooks Lab shares plunge 40% on debut   • MoEF to pass final order in Lavasa case in 3 wks   • Moody's frowns on India's fiscal efforts   • Mumbai airport runway reopens after 4 days   • Mayawati is a 'first-rate egomaniac': U.S. Cables   • India's first ever F1 Grand Prix sells over 20,000 tickets   • Service slowdown threatens world economy   • Google buys Zave Networks, 19th buyout this year   more stories TOP VIDEOS We Continue To Remain Positive And Going Ahead With Our Hiring Plans There Is No Change In Outlook At This Point In Time: N Chandrasekaran, MD & CEO, TCS   Not Possible To Deregulate Diesel At Current Prices: RPN Singh, Minister Of State-Petroleum & Natural Gas   I Think It Could Be More Positive Than Negative, September Is Going To Be A Good Month: Andrew Holland, CEO Equities, Ambit Capital Private   One Needs To Change The Political System First & Then Come To The IAS: TSR Subramanian, Former Cabinet Secretary   AT A GLANCE BSE 16713.33 -108.13 NSE 5017.2 -22.8 TURNOVER Rs. 96,748 cr BSE CASH Rs. 2,370 cr NSE CASH Rs. 11,497 cr NSE F&O Rs. 82,880 cr BULLION GOLD 28292 +503 SILVER 64290 +321 CRUDE NYMEX 84.2 -2.25 BRENT 111.16 -1.17 FOREX $ / Re 45.9875 +0.21 £ / Re 73.948 -0.01 € / Re 64.737 -0.11 EVENTS 6 September EGoM On Food Meet To Discuss Proposal For Allowing Exports Of Wheat & Non-Basmati Rice 7 September SIAM Annual Convention 2011, Taj Palace, New Delhi 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 EXPERT VIEWS "With the new Land Acquisition Bill industry will not be able to afford to buy land. The total cost involved could be negative. The Bill has gone overboard on rehabilitation costs." CII Statement "When you totally abuse the rule of laws, this will happen... This (Janardhan Reddy's arrest) is a lesson for everyone who occupies office as a minister or officer that they should not misuse the office." Veerappa Moily Union Minister "Japan is undoubtedly an economic leader in Asia and India I believe is one of the strongest potential economies in Asia. And if these two economies get together, they get together beyond their govts and large corporations and if we really have people to people understanding I think that we can really carve out a way for the future which is beneficial for both the people of Japan and India." Mukesh Ambani Chairman, Reliance Industries WATCH OUT   Storyboard Special: Media Matters   Join R Gowthaman (MD, Mindshare India), Manisha Lath Gupta (CMO, Axis Bank) and Meenakshi Menon (Managing Partner, Spatial Access Solutions) as they join Anuradha SenGupta to discuss the opportunities and challenges that the media landscape is throwing up today for advertisers and their media agencies. SHOW TIMINGS Tues 7:30 pm