Tuesday, Oct 18, 2011
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POST SAT ORDER, IS SAHARA'S GOOSE COOKED?
Subrata Roy's Sahara Group that has fallen foul of two regulators, has got its comeuppance at the Securities Appellate Tribunal (SAT). On Tuesday, SAT told two of Subrata Roy's companies, Sahara Commodity Services Corporation (formerly Sahara India Real Estate Corporation) and Sahara Housing Investment Corporation, that Sebi's 23 June order to return all the money they had collected through optionally fully convertible debentures (OFCDs) stands. They have been given six weeks to comply and return nearly Rs 24,029 crore raised via the OFCD scheme. read more |
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| AT A GLANCE |
| BSE | 16748.29 | -276.8 |
| NSE | 5037.5 | -80.75 |
TURNOVER
Rs. 135,449 cr
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BSE CASH
Rs. 2,068 cr
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NSE CASH
Rs. 8,792 cr
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NSE F&O
Rs. 124,589 cr
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| BULLION |
| GOLD | 26388 | -436 |
| SILVER | 52070 | -699 |
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| CRUDE |
| NYMEX | 87.05 | +0.43 |
| BRENT | 109.18 | -0.98 |
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| FOREX |
| $ / Re | 49.29 | +0.34 |
| £ / Re | 77.335 | +0.29 |
| € / Re | 67.518 | +0.3 |
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| EVENTS |
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| 19 October |
 | International Conference On E-commerce, New Delhi |
| 2nd Annual Conference On Road Ahead For Infrastructure Finance, Grand Hyatt, Mumbai |
| De-cent Energy 2011, Park Hotel, New Delhi |
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| 20 October |
| Oman-India Match Making Trade Event 2011, Hilton, Andheri East, Mumbai |
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| 23 October |
| European Summit, Brussels |
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| 25 October |
| Second Quarter Review of Monetary Policy 2011-12 |
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| 8 November |
| Countrywide Protests By 11 Trade Unions |
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| EXPERT VIEWS |
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(At the 5th India, Brazil South Africa summit in Pretoria "We hope that effective steps will be taken by Europe and other economies to calm the capital and financial markets to prevent the global economy from slipping into a double dip recession."
Manmohan Singh
Prime Minister
"We don't take our internal weaknesses lightly. This thing was vindicated in Karnataka clearly. We had cautioned him (Yeddyurappa) but once the report (of Lokayukta on illegal mining) came, he had to quit. Small mistakes by others is embarrassing the party leadership. There may be chances of a slip up so I am telling every one in the party to remain vigilant."
L K Advani
Senior BJP Leader
"Finance chiefs from the group of 20 rich and developing nations should listen to the people and come up with "actionable plans" to fix the problems. Business as usual, or just looking at their own internal economic issues, will not give any answers to a very serious international economic crisis."
Ban Ki-moon
UN Secretary General
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| WATCH OUT |
 The Firm
This week will be remembered for 2 reasons. UPSIDE DOWN & ONE STEP BACK! Wockhardt's unsecured bondholders gained at the expense of secured creditors turning traditional credit heirarchy on its head! The FDI regime took one step back by imposing fresh curbs on foreign direct investment in the pharmaceutical sector! Watch 'The Firm' because not even yoga offers so many twists!
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SHOW TIMINGS
Wed 5:30 pm
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