Tuesday, Nov 22, 2011
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AIRTEL, VODAFONE, IDEA THREATEN TO EXIT 3G
Bharti Enterprises Chairman Sunil Bharti Mittal, Aditya Birla Group Chairman Kumar Mangalam Birla and Vodafone Group Plc CEO Vittorio Colao have written a letter seeking PM's intervention on 3G roaming issue.The issue pertains to the pact among major service providers, including Bharti Airtel, Vodafone Essar and Idea Cellular, for providing 3G roaming network on a Pan India basis. The Department of Telecom (DoT) is not for this, as it feels that these alliances were in violation of terms and conditions of the 3G spectrum agreement. read more |
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EGOM allows 10 lk mt of sugar exports under OGL
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| AT A GLANCE |
| BSE | 16065.42 | +119.32 |
| NSE | 4812.35 | +34 |
TURNOVER
Rs. 200,711 cr
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BSE CASH
Rs. 1,893 cr
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NSE CASH
Rs. 10,168 cr
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NSE F&O
Rs. 188,649 cr
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| BULLION |
| GOLD | 28661 | +215 |
| SILVER | 55370 | +957 |
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| CRUDE |
| NYMEX | 97.76 | +0.84 |
| BRENT | 107.52 | +0.64 |
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| FOREX |
| $ / Re | 52.295 | +0.14 |
| £ / Re | 81.422 | -0.01 |
| € / Re | 70.46 | +0.21 |
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| EVENTS |
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| 22-24 November |
 | Indian Steel 2011 รข€" Steel And Raw Materials Forum Organized By Mjunction Services, Trident, Mumbai |
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| 23 November |
| Quant-Based Investing Arranged By Edelweiss Asset Management, Mumbai |
| India Heritage Tourism Conclave 2011, India Habitat Centre, New Delhi |
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| 24-25 November |
| Conference On ECE Industry: Vision 2020 & Beyond, BIEC, Bangalore |
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| EXPERT VIEWS |
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"The direct role of monetary policy in combating food price pressures is limited, but in the face of sustained high food inflation, monetary action may still be warranted to anchor inflation expectations. The higher food subsidy burden on the budget will raise the fiscal deficit, exacerbating macro level inflationary pressures."
Duvvuri Subbarao
Governor, RBI
"They continue to insist on protecting $ 100 bn worth of tax cuts for the wealthiest 2% of Americans at any cost, even if it means reducing the deficit with deep cuts to things like education and medical research. Even if it means deep cuts in medicare. And so far, that refusal continues to be the main stumbling block that has prevented Congress from reaching an agreement to further reduce our deficit."
Barack Obama
President, U.S.
"The volatility in the rupee, which fell to a record low on Tuesday, is a reflection of the uncertainty in the international market. We expect there will be a self correction in the market..."
Pranab Mukherjee
Finance Minister
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| WATCH OUT |
 Change Agents (Young Turks Special)
This week we travel to Mumbai to bring you all the action from the 7th India Social Entrepreneur of the year awards. Organised by the Schwab Foundation in partnership with Jubilant Bhartia Foundation catch Adi Godrej, Sudha Pillai and Harish Hande as they decide the fate of the 4 finalists - Neelam Chibber of Industree, Matthew Spacie of Magic Bus, Sudesh Menon of Waterlife India and Gyanesh Pandey of Husk Power systems. Find out who impressed the jury and bagged the title!
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SHOW TIMINGS
Wed 7 pm
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