Wipro Q2 Earnings Beat Estimates; Sensex Down 100 Pts On Global Sell-Off; Indian Baby Seventh Billionth Person

Monday, Oct 31, 2011 LEAD STORIES WIPRO Q2 NET BEATS ESTIMATES, UPS REVENUE FORECAST   Wipro reported a growth of 1.24% in consolidated net profit to Rs 1,300.9 cr. Wipro raises Q3 revenue forecast to 4%. read more SENSEX ENDS 100 PTS LOWER ON GLOBAL SELL-OFF   Markets tracked their global peers, drifting into the negative territory. Sensex closed at 17,705.01 points. Nifty closed 5,326.60 points down 34.10. read more INDIAN BABY PICKED AS WORLD'S SEVEN BILLIONTH PERSON   Baby Nargis born in Uttar Pradesh has been declared the world's seven billionth person by child rights group Plan International. read more TOP STORIES • Complete absence of govt decision-making: Premji   • First half fiscal gap over 70% of full-year target   • Infrastructure growth falls 2.3% in September   • Oil Co hike ATF prices by 3.8%, w.e.f. tonight • Food Bill to go to Cabinet before Nov 20: Thomas   • 2G: SC questions CBI over bail pleas of accused   • 2G: notice issued to CBI on RComm's plea   • 2G: PAC meet on CAG losses cancelled after ruckus   • I fought, let it be their victory: Niira Radia   • Omnicom group buys majority stake in Mudra   • ICICI Bank Q2 net up 22% at Rs 1,503 cr Y-o-Y   • HUL Q2 net up 22% at Rs 689 cr; stock hits 52-wk high   • Rupee at 5-week high; gains 7 paise   • Inflation to ease soon: Pranab   • Singur case: Tatas appeal against single judge order   • Kingfisher in talks with banks to lower interest rates   • Normal production at Manesar only by Dec: Maruti   • Renault unveils small car Pulse in India   • MF Global Finance files for Chapter 11 bankruptcy   • G20 could mark shift in economic power   more stories TOP VIDEOS No Pricing Pressure, Attrition To Decline In Q3: Suresh Senapaty, ED & CFO, Wipro   Valuations Look Attractive In Emerging Markets: Robert Parker, Senior Advisor, Credit Suisse Asset Management   Indian Media Is, Very Often, Playing An Anti-people Role: Markandey Katju, Chairman, Press Council of India   Yields Will Be Under Pressure Unless Fisc Tightened: Vetri Subramaniam, CIO, Religare Mutual Fund   AT A GLANCE BSE 17705.01 -99.79 NSE 5326.6 -34.1 TURNOVER Rs. 87,901 cr BSE CASH Rs. 2,134 cr NSE CASH Rs. 10,697 cr NSE F&O Rs. 75,070 cr BULLION GOLD 27324 -234 SILVER 56267 -1106 CRUDE NYMEX 92.13 -1.19 BRENT 108.93 -0.98 FOREX $ / Re 48.69 -0.07 £ / Re 78.115 -0.26 € / Re 68.143 -0.63 EVENTS 2 November Morningstar Investment Conference, The Lalit, Mumbai 3 November Panel Discussion On 'Effective States, Inclusive Growth, And The Challenges Of Governing India?', New Delhi India Pharma Inc.: Enhancing Value through Alliances and Partnerships, Mumbai 8 November Poor Economics: Understanding The Desires And Choices Of The Poor, Mumbai Samachar Marg, Fort, Mumbai 22 November Winter Session Of Parliament EXPERT VIEWS "The current inflation pressures are mainly because of supply-side constraints of agricultural products. Necessary steps have already been taken. I hope it will have its impact and from November-December onward... the rate of inflation will be moderating. There was some liquidity excess which was required to be mopped up and through the adjustment of interest rates, efforts have been made to mop it up." Pranab Mukherjee Finance Minister "For many years, a few with vested interests have been trying to cause harm to Vaishnavi and me personally. Till the recent past, I would fight back, survive and probably react. However, today, I want to give them their victory and let them savour it." Niira Radia Promoter, Vaishnavi Corporate Communications "He said a lot of very nice things about me and he (Steve Jobs) said a lot of tough things. So the fact that, you know, at various times, he felt beleaguered, he felt like he was the good guy and we were the bad guys, you know, very understandable. We spurred each other on, even as competitors. None of that bothers me at all." Bill Gates Founder, Microsoft WATCH OUT   Rules Of The M&A Game: 2011   14 years after it first came into effect and 23 amendments later, India's Takeover Code has changed. On October 23rd, a new Takeover Code will determine the business of buying and selling companies in India. 'The Firm' presents a special series to examine the impact of the new Takeover Code on Promoters, Acquirers & Public Shareholders. SHOW TIMINGS Tue 5:30 pm