SENSEX UP 252 PTS ON SHORT COVERING, NIFTY RECLAIMS 5K

Thursday, Sep 29, 2011


2G SCAM: CBI TO PROBE INVOLVEMENT OF ANIL AMBANI  
The Central Bureau of Investigation today told the Supreme Court that it will probe further to find out the real beneficiaries in 2G spectrum allocation scam. It also said that it would probe alleged involvement of Anil Ambani in 2G scam. The Central Bureau of Investigation told the Supreme Court on Thursday that three jailed Anil Dhirubhai Ambani Group (ADAG) employees might turn approvers in the 2G case. read more  
PRANAB, CHIDAMBARAM UNITE; 'CLOSE' 2G NOTE ROW  
Finance Minister Pranab Mukherjee and Home Minister P Chidambaram put up a united and brave face and claimed that the controversial note was just a background paper on the 2G spectrum allocation issue and nothing more. Mukherjee after eight days of parleys among different levels of the government and the Congress party read out a statement putting the blame on the bureaucrats of his ministry. Speaking after Mukherjee, the Home Minister said that he agrees with Finance Minister and the matter stands closed. read more  
LEAD STORIES
GERMAN PARLIAMENT BACKS EURO RESCUE FUND  
German lawmakers approved an expansion of the euro-area rescue fund's firepower, allowing officials to focus on next steps to stem the debt crisis. read more
SENSEX UP 252 PTS ON SHORT COVERING, NIFTY RECLAIMS 5K  
Ignoring surge in food inflation, Sensex shot up 252 pts closing at 16698.07 as funds bought stocks on firm global cues and derivatives settlement. read more

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TOP VIDEOS

AT A GLANCE
BSE 16698.07 +252.05
NSE 5015.45 +69.55
TURNOVER
Rs. 249,318 cr
BSE CASH
Rs. 2,171 cr
NSE CASH
Rs. 13,167 cr
NSE F&O
Rs. 233,979 cr
BULLION
GOLD 25557 -116
SILVER 50620 +210
CRUDE
NYMEX 82.99 +1.78
BRENT 105.45 +1.64
FOREX
$ / Re 48.97 +0.22
£ / Re 76.761 +0.33
€ / Re 66.75 +0.34
EVENTS

3 October
Joint Panel Of Finance Ministry & RBI Meet To Decide On The Borrowing Calendar For The Second Half Of The Current Fiscal


10 October
2G Case: Next Hearing In Supreme Court


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

"India must moderate its dependence on capital flows for financing of its current account deficit. We must try to ensure that the current account deficit in the next five years does not exceed the manageable level of 2.5 per cent of GDP."

Dr C Rangarajan
Chairman of Prime Minister's Economic Advisory Council
"Food inflation has gone up and it is perilously close to double digits... Food prices are an area of major and grave concern"

Pranab Mukherjee
Union Finance Minister
"Without bringing inflation down from the current level, it would be difficult to sustain a high level of growth. This would require greater monetary-fiscal coordination and the alleviation of supply constraints, particularly in agriculture."

Deepak Mohanty
Executive Director, RBI

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
IBU Mobile version India Business Update

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