SENSEX LOSES 244 PTS ON FRIDAY, BUT GAINS 1.5% THIS WEEK

Friday, Sep 30, 2011 LEAD STORIES SENSEX LOSES 244 PTS ON FRIDAY, BUT GAINS 1.5% THIS WEEK   Markets closed in red over weak global cues today. Sensex fell 244.31 pts to close at 16,453.76 and Nifty dropped 72.20 pts to end at 4,943.25. read more CABINET GIVES GREEN SIGNAL TO NEW MINING BILL   A new Mines Bill with provisions for 26 per cent profit-sharing by coal miners with project-affected people was cleared by cabinet. read more RECOVERY NEXT YEAR FOR WORLD STOCKS: POLL   World stock markets will recover next year from a nightmarish 2011 that has wiped trillions of dollars off share prices, according to a Reuters poll. read more TOP STORIES • Orissa CM Patnaik critical of new Mines Bill   • Rail iron ore scam worth Rs 660 crore exposed   • A new formula, a new date for Sebi vs MCX case   • Rahul Bajaj, wife sell 3.65 lakh shares for Rs 56 cr   • 2G saga: CAG divided, HQ ignored auditors advice   • ADAG disagrees with CBI's inference on 2G   • 2G scam: Raja refuses to reply to CBI's new charge   • SC dismisses TCG's plea on Haldia Petrochem shares   • SEBI revises bidding norms for FIIs in infra bonds   • RelCap gets RBI nod to sell stake in Reliance Life   • RPower gets RBI nod, to raise $ 2.2 bn via ECB   • Market fall prompts Tata to hike stake in cos   • Gold rises by Rs 200, silver up by Rs 800   • Bosch shuts Bangalore plant due to strike   • Blackmoney case: SC cancels Hasan Ali's bail   • Gujarat riots 'whistleblower' cop Bhatt arrested   • AETN18 to launch History channel on Oct 9   • Analysts' beware! Your picks are being tracked   • SGX, LSE to bid jointly for LME   • Profound change for Facebook set to 'lock in' users   more stories TOP VIDEOS On-going Corrections Will See More Money Coming Into India Gradually: Mark Mobius, Executive Chairman, Templeton Emerging Markets   German Vote Will Not Be Enough To Drive Markets Forward: Adrian Mowat , Chief Emerging Market Strategist, JP Morgan   Markets Are Still Coming To Terms With Recession In The U.S. : John Woods, MD & Chief Investment Strategist, APAC, Citi Private Bank   AT A GLANCE BSE 16453.76 -244.31 NSE 4943.25 -72.2 TURNOVER Rs. 109,528 cr BSE CASH Rs. 2,420 cr NSE CASH Rs. 11,132 cr NSE F&O Rs. 95,975 cr BULLION GOLD 25952 +212 SILVER 51562 +317 CRUDE NYMEX 81.35 -0.79 BRENT 102.66 -1.29 FOREX $ / Re 48.97 0 £ / Re 76.44 -0.01 € / Re 65.992 -0.53 EVENTS 3 October Crucial Meeting To Finalise CEO For UTI AMC Joint Panel Of Finance Ministry & RBI Meet To Decide On The Borrowing Calendar For The Second Half Of The Current Fiscal 4 October Dassault Systemes enters into a partnership with Punj Lloyd Engineering at Grand Hyatt, Mumbai 10 October 2G Case: Next Hearing In Supreme Court 12 October Conclave On Healthcare And IPR Post 2005 Amendment, New Delhi EXPERT VIEWS "The Right To Food Campaign challenges you and all the members of the Planning Commission to live on Rs 25/Rs 32 a day till such time that you are able to explain to the public in simple words the basis of the statement that this amount is normatively 'adequate.' If it cannot be explained then the affidavit should be withdrawn or else you should resign." Aruna Roy Activist, Right to Food Campaign (On new Mines Bill) "It is too too little and too late...am concerned about the huge profits accruing to merchant mining companies, a large number of which are in private hands. In fact the large profits being made by private mining companies, disproportionate to any efforts made, has led to demand from various groups to nationalise mineral resources." Naveen Patnaik Chief Minister, Orissa (On 2G Note Controversy)"It is not the work of any single officer or Ministry. Therefore, P. Chidambaram has to take responsibility for his action. The Polit Bureau demands that he resign from the Union Cabinet." Prakash Karat General Secretary, CPI(M) WATCH OUT   Tech Toyz   Somewhere in the suburbs on Mumbai, one gorgeous damsel meets two incredible geeks. Nirvana meets nerdvana on the bodyguard special of Tech Toyz starring Hazel Keech, Suresh Venkat and Ankit Vengurlekar! SHOW TIMINGS Sat 8:30 pm