Sensex Rebounds 158 Pts; Sharad Pawar Slapped In Delhi

Thursday, Nov 24, 2011 CABINET CLEARS COMPANIES BILL   The Cabinet has given a nod to the Companies Bill. The Bill which will be tabled in the Winter Session of Parliament gives more powers to SFIO, makes it mandatory for auditor to be rotated every 4 years. It also puts an end to speculation by doing away with 2% mandatory CSR spend but makes disclosure mandatory. On the big question of allowing FDI in retail sector there seems to heated discussion among cabinet members. It may be recalled that the Left parties are none-too-happy about opening this sector to foreigners. But India Inc is keen that this bill sails through in the Winter session. read more   LEAD STORIES SENSEX REBOUNDS 158 PTS ON SHORT-COVERING   Market rally was also aided by appreciation in the rupee and positive European cues. Nifty was up 50 pts at 4,756.45. Sensex closed at 15,858.49. read more PAWAR SLAPPED IN DELHI, RIPPLE EFFECT IN MAHARASHTRA   Union agriculture minister Sharad Pawar was slapped by Harvinder Singh, a transporter in his thirties at a literary function in Delhi. read more TOP STORIES • Day 3: RS, LS adjourned till Friday over price rise   • Food inflation falls to 9.08% vs 10.39% w-o-w on Nov 12   • CBI gets LGT bank account holders list   • Lavasa: Pune court issues summons to 15 accused   • Re snaps 8-session losing streak, up 29 paise   • Plan to open retail sector hangs in balance   • 2G: HC to hear Kanimozhi's bail plea on Friday   • Sept quarter GDP growth seen slowest in over 2 years   • Mukesh's mystery meet with PM Manmohan Singh   • Cyrus effect: Tata Group marketcap jumps by $1 bn   • Jet Airway's unpaid fuel bills up 65% H1FY'12   • Lessor AerCap takes back 2 jets from Kingfisher   • Now, drive pre-owned BMW car for Rs 16 lakh   • Suzuki files for arbitration in VW dispute   • Microsoft signs confidentiality pact with Yahoo   • Unexpected rise in German business confidence index   • Nikkei hits 30-mth low on European debt worries   • Fitch downgrades Portugal to Junk status   • European stocks rise, Euro rebounds on data   • Lakshmi Mittal named most powerful Asian in UK   more stories TOP VIDEOS None To Blame For D-Street Massacre, But Delhi: Jim Walker,MD, Asianomics.   Policy Inaction, Delay In Capex Hurting Growth; Can't Hold RBI Responsible For Rupee Fall: Anil Singhvi, Chairman, Ican Investment Advisors   Industry Has Seen A Degrowth Of About 20% In H1FY12; Expect It To Pick Up In H2FY12: Puneet Nanda, ED, ICICI Prudential Life Insurance   AT A GLANCE BSE 15858.49 +158.52 NSE 4756.45 +50 TURNOVER Rs. 275,980 cr BSE CASH Rs. 1,941 cr NSE CASH Rs. 12,341 cr NSE F&O Rs. 261,698 cr BULLION GOLD 28588 -167 SILVER 55502 -273 CRUDE NYMEX 96.49 +0.32 BRENT 107.59 +0.57 FOREX $ / Re 52.065 -0.3 £ / Re 80.649 -0.44 € / Re 69.382 -0.31 EVENTS 25 November Conference On ECE Industry: Vision 2020 & Beyond, BIEC, Bangalore 2G Case: Kanimozhi's Bail Plea To Be Heard At The Delhi High Court 26 November Symposium On International Commercial Arbitration By LCIA, Marriott, Ahmedabad 3 December CII CFO Summit 2011, Taj President-Vivanta, Mumbai 8-11 December The INK Conference In Association With TED, Jaipur EXPERT VIEWS "With MF Global going bankrupt - which was a gigantic commodities firm - there was a lot of artificial forced liquidation of commodities. People have to sell whether they like it or not. It`s artificial selling right now." Jim Rogers Investor "Depreciation of rupee has naturally created unprecedented problems. This will lead to under recoveries (revenue loss) of more than Rs 132,000 cr (in FY 2011). Having said that, we are waiting for the situation to evolve. International market is volatile, both in regard to the price of oil and in regard to the position of rupee..." S Jaipal Reddy Petroleum Minister "Nothing but fiscal profligacy is the key reason for India's fall...The problems seen throughout the year in India have been emanating from Delhi and from this government's inability to either get expenditure under control or focus on things that will debottleneck their economy." Jim Walker MD, Asianomics WATCH OUT   India Tonight   Karan Thapar, India's leading commentator and columnists leads a power packed current affairs show. Focusing on the big story of the day, India Tonight cuts through the clamor and goes beyond the hype to the real story behind the headlines, from all perspectives. SHOW TIMINGS Mon - Thur 10:30 pm