MARKETS END FLAT AHEAD OF Q3 RESULTS, IIP DATA

Wednesday, Jan 11, 2012 MAFIA NOW "ITALY'S NO.1 BANK" AS CRISIS BITES   Organized crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country's biggest "bank" and squeezing the life out of thousands of small firms, according to a report on Tuesday. Organized crime now generated annual turnover of about 140 billion euros ($178.89 bn) and profits of more than 100 billion euros. "With 65 billion euros in liquidity, the Mafia is Italy's number one bank." read more   LEAD STORIES MARKETS END FLAT AHEAD OF Q3 RESULTS, IIP DATA   Investors turned cautious ahead of the Q3 earnings & Nov IIP data. Sensex closed 16,175.86 up 10.77 pts. Nifty ended 4,860.95 up 11.40 pts. read more BSE, NSE MULL TRADING ON SATURDAYS   The stock exchanges are toying with the idea of opening a regular trading window on Saturdays. This window may be for shorter duration. read more BIGGEST FEAR IN 2012 IS SOCIO-ECONOMIC RISKS: WEF   World Economic Forum's Global Risks report says industry leaders' concerns have shifted from environmental in 2011 to socio-economic risks in 2012. read more TOP STORIES • Budget to unveil negative list for service tax   • GoM to decide on foreign cos picking stakes in airlines   • Stiglitz for government role in land acquisition   • Mumbai: I-T dept searches Sunteck Realty offices   • Infosys Q3 net seen up 22% to Rs 2,322-cr   • Jhunjhunwala concludes auction for Aptech stake   • FinMin eyes PSU dividends to tackle fiscal situation   • FM's pre-Budget meeting with India Inc on Jan 31   • Re snaps 3-day rising trend, closes at 51.90   • 2G: Court serves summons on Ruias, Khaitans   • Reliance Comm in loan talks with Chinese bank   • Bata to switch to large format stores of 20,000 sq ft   • Banks grapple with AI loans as restructuring deferred   • 2G: Raja objects to CBI's move of filing addl docs   • Overseas investments drop 46% to $1.46 bn in Dec   • Upsurge in deals, PE investment at $10 bn in 2011   • Indian bureaucracy rated worst in Asia   • IIM-A tops CNBC-TV18's B-Schools study   • India's most expensive bicycle worth 2 Nanos   • Twitter lashes out at Google search changes   more stories TOP VIDEOS Expect January Inflation At Around 6.5%; Lower Inflation Will Result In Rate Cuts By March 2012: Robert Prior-Wandesforde, Head - India & South East Asia Economics, Credit Suisse   FDI In Multi-brand Retail Still A Political Call: PK Chaudhary, Secretary, DIPP   Expect GDP Growth, Earnings To Disappoint; Sensex Target Of 14,500 By End Of Current Quarter: Jyotivardhan Jaipuria, Head - Research, BofA Merrill Lynch   AT A GLANCE BSE 16175.9 +10.81 NSE 4860.95 +11.4 TURNOVER Rs. 97,683 cr BSE CASH Rs. 2,562 cr NSE CASH Rs. 11,704 cr NSE F&O Rs. 83,416 cr BULLION GOLD 27673 +136 SILVER 52480 -86 CRUDE NYMEX 101.42 -0.82 BRENT 113.14 -0.14 FOREX $ / Re 51.9 +0.26 £ / Re 79.565 -0.38 € / Re 65.755 -0.21 EVENTS TO WATCH 12 January Infosys Q3 results 14 January 9th Nani Palkhivala Memorial Lecture On "The Tails Side Of Judicial Independence - The Judicial Accountability Coin", Speaker SH Kapadia, Chief Justice Of India, 11 AM, NCPA, Mumbai 17 January Finance Minister Pranab Mukherjee To Meet Social Sector Related Groups Conference On Mega Trends 2020, "Shaping India's Future" Organized By FICCI Young Leaders, FICCI Auditorium, New Delhi EXPERT VIEWS "The markets have to know that the government is not unconcerned about the fiscal deficit, and I am sure the finance minister will be aware that the credibility of our macro-stance next year depends upon both the extent and the quality of the fiscal correction." Montek Singh Ahluwalia Deputy Chairman, Planning Commission "The Government is not in a position and will not bail out any private airlines. Air India is a public sector unit, so government has an obligation. But Air India will have to become competitive and restructure their costs... as the government cannot keep on pouring money." Ajit Singh Civil Aviation Minister "For the first time in generations, many people no longer believe that their children will grow up to enjoy a higher standard of living than theirs. This new malaise is particularly acute in the industrialised countries that historically have been a source of great confidence and bold ideas." Lee Howell Managing Director, World Economic Forum WATCH OUT   Overdrive Auto Expo Special   This week we wrap up all the action from Auto Expo 2012 in a special episode. Experience the action, luxury & excitement with the Overdrive team as we comb the halls of Pragati Maidan to bring you the most happening cars, motorcycles & SUV's. SHOW TIMINGS Sat 1pm & 10pm Sun 12:30pm & 7:30pm Tue 6:30pm