Sensex Up 260 Pts; Mfg Sector Drags Q1 GDP To 7.7%, Weakest In 6 Quarters

Tuesday, Aug 30, 2011 Click here for India Business Update Mobile Version LEAD STORIES SENSEX UP 260 PTS DESPITE LOWER GDP NOS   Despite weak GDP, Sensex was up at 16,676.75 as U.S. consumer spending data hinted at global economic recovery. Nifty ended at 5,001 up 81.40 points. read more MFG SECTOR DRAGS Q1 GDP TO 7.7%, WEAKEST IN 6 QUARTERS   Confirming fears of a slowdown, India's economy grew by just 7.7% in Q1FY12 vs 8.8% yoy due to the poor performance of the manufacturing sector. read more FM, SEBI CHIEF ACCUSED OF BATTING FOR SAHARA, RIL, MCX   An Indian Express story takes aim at the very centre of power: Congress trouble-shooter and cabinet No 2, Finance Minister Pranab Mukherjee. read more TOP STORIES • Bhushan CD not tampered or fabricated: Delhi Police   • Parliament adjourned over Guj Lokayukta issue   • Judges must declare their assets compulsorily: Bill   • Core sector industries grow 7.8% in July vs 5.2% MoM   • U.S. stocks open lower after sharp rally yesterday   • Gold down by Rs 305, silver Rs 300 on global cues   • India may allow foreign investment in pension funds   • I-T official arrested for accepting Rs 50-lakh bribe   • Rajiv Gandhi's killers not to be hanged on Sept 9   • Essar stake sale to Vodafone may face FIPB roadblock   • Day 2: Maruti suspends 16 more, fires 12 trainees   • JPMorgan, KKR, Piramal in talks to buy Future Capital   • Bill to bring BCCI under RTI polarises opinion   • India gets 200 mn euro EU loan for renewable energy   • BJP opposes Lok Sabha Secy Gen's extension   • Andhra HC dismisses bail pleas of Raju, 7 others   • Anna gets 'get well soon' message from PM   • Strauss-Kahn visits IMF, gets warm applause   • U.S. lenders making more subprime car loans   • Melbourne best liveable city, Mumbai amongst worst   more stories TOP VIDEOS Unless We Solve The Structural Problems Quickly, It Is A Difficult Year To Achieve An Annual Growth Rate Of 8%: B Muthuraman, President, CII   Beware Of Same Old Unknown Angel Called NCD: Prithvi Haldea, Founder Chairman & MD, Prime Database   There's Resilience On The Demand Side In U.S. Economy And I Suppose It Is Still The Largest Consumer Economy In The World: Richard Gibbs, Chief Economist, Macquarie Bank   AT A GLANCE BSE 16676.75 +260.42 NSE 5001 +81.4 TURNOVER Rs. 123,744 cr BSE CASH Rs. 2,558 cr NSE CASH Rs. 11,853 cr NSE F&O Rs. 109,333 cr BULLION GOLD 27358 +620 SILVER 62390 +1227 CRUDE NYMEX 87.14 -0.13 BRENT 112.64 +0.76 FOREX $ / Re 46.04 -0.01 £ / Re 74.743 -0.83 € / Re 66.312 -0.52 EVENTS 5 September SAT To Hear Sahara's Plea On OFCDs 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 7 September FICCI 8th Annual Capital Markets Conference, Trident, Mumbai EXPERT VIEWS "... It (GDP growth) is no doubt disappointing. There is no room for complacency. We shall have to work very hard - government, industry - and I am confident that our workers and farmers would make their contribution in ensuring growth with inclusion." Pranab Mukherjee Finance Minister (Rajiv Gandhi assassination case) "It has been 11 years and four months delay in disposing off the petition. The delay unless properly explained and justified makes death penalty immoral, illegal and according to me unconstitutional... The court should sent notice and seek explanation what they were doing for all these 11 years." Ram Jethmalani Senior Counsel "We have a fondness for the people in Bengal. There is a need for us to satisfy that there is no hostility towards us. And, when we feel that way, we will undoubtedly, like anywhere else, invest in the State." Ratan Tata Chairman, Tata Group WATCH OUT   Young Turks Dream Decade   This week we bring you all the action from TechSparks 2011. A pan India hunt for top tech product startups conducted by our online partner Yourstory.in. From over 1000 entrepreneurs across India, the jury selects the 5 winners. Catch the finalists as they pitch their ideas to the country's biggest VCs and entrepreneurs for the grand prize - to be mentored by tech giants like Google, IBM and Intel. SHOW TIMINGS Wed 7:30 pm