Sensex Falls 34 Pts, Mkts Fear Disappointing Q3 Nos; Sahara Gets Rs 17,400 Cr SC Refund Relief; World Economy In `Vicious` Deflationary Cycle, Says George Soros

Monday, Jan 09, 2012 LEAD STORIES SAHARA GETS RS 17,400 CR SC REFUND RELIEF   The Supreme Court admitted Sahara group's plea challenging the SAT order directing its 2 companies to refund around Rs 17,400 cr to their investors. read more SENSEX FALLS 34 PTS; MKTS FEAR DISAPPOINTING Q3 NOS   Markets closed flat on Monday after a sharp recovery in the second half of trade. Sensex fell 34 points to 15,814.72 while Nifty closed at 4,742.80. read more WORLD ECONOMY IN 'VICIOUS' DEFLATIONARY CYCLE: SOROS   The Eurozone faces a period of "draconian austerity" due to its measures to deal with its sovereign-debt problems said U.S. investor George Soros. read more TOP STORIES • Telcos oppose giving 3G pact copy to DoT   • Mahindra Satyam sues former board, auditor PwC   • Cairn-Vedanta deal: OilMin goes to Cabinet again   • Headless pharmaceutical bodies spur policy angst   • HDFC CEO sees property price fall, CRR cut   • Rupee hits 3-wk high, gains 22 paise at 52.50 /$   • 7% plus growth possible for India says KV Kamath   • Oil firms' revenue loss pegged at $6.46bn: Source   • Goodwill Hospital withdraws IPO on poor response   • Commexes turnover up 66% to Rs Rs 137,000 cr   • Patni gets shareholders' nod for delisting   • 1993 Telecom scam: SC grants bail to Sukh Ram   • Auto Expo: Hydrogen-powered 3-wheeler makes debut   • Hyundai Elantra named car of the year at Detroit show   • B.D. Park is new MD of Samsung India   • Mundra Port co is now Adani Ports & SEZ Ltd   • AIIMS entrance exam racket busted in Delhi   • Olympus sues prez, ex-directors over $1.7 bn fraud   • Merkel warns on second Greek aid package   • For Eurozone, the heat is on again   more stories TOP VIDEOS Interest Rates Have To Come Down To Spur Growth: Deepak Parekh, Chairman, HDFC   Govt First Needs To Understand How Markets Work: Samir Arora, Helios Capital   India Might Be The Contrarian Call Of 2012: Hans Goetti, CIO Asia, Finaport.   AT A GLANCE BSE 15814.72 -34.08 NSE 4742.8 -4.1 TURNOVER Rs. 92,511 cr BSE CASH Rs. 1,920 cr NSE CASH Rs. 8,395 cr NSE F&O Rs. 82,196 cr BULLION GOLD 27675 -87 SILVER 52054 +209 CRUDE NYMEX 101.74 +0.18 BRENT 113.24 +0.18 FOREX $ / Re 52.5 -0.22 £ / Re 81.01 -0.19 € / Re 66.841 +0.01 EVENTS TO WATCH 11 January Finance Minister Pranab Mukherjee To Begin Pre-Budget Meetings 11-13 January CII Partnership Summit 2012: New Age Innovation Programming, Hyderabad Convention Centre, Hyderabad 12 January Infosys Q3 results 14 January 9th Nani Palkhivala Memorial Lecture On "The Tails Side Of Judicial Independence - he Judicial Accountability Coin", Speaker SH Kapadia, Chief Justice Of India, 11 AM, NCPA, Mumbai EXPERT VIEWS "Within the euro system, it's the creditors who are going to call the shots... Germany is dictating the rules that are going to be followed by the European treasury. George Soros Billionaire US Investor "We must see progress on the voluntary restructuring of Greek debt. From our point of view, the second Greek aid package including this restructuring, must be in place quickly. Otherwise it won't be possible to pay out the next tranche for Greece." Angela Merkel German Chancellor "It won't be Merkozy anymore. It will be Angela Merkel and (IMF chief) Christine Lagarde dictating policy in Europe." Jacques Delpla French Economist WATCH OUT   Storyboard Special: Retail Realities   The FDI in retail debate has stirred up a storm. You can rely on Storyboard to get you clarity. Get to the heart of the matter on Retail Realities, a Storyboard special series through the month of January. This week, join experts Rama Bijapurkar and S Raghunandan from Next Practice Retail and key stakeholders Kishore Biyani (Group CEO, Future Group) and Sanjay Nayar (CEO, KKR India) to find out why India's retail sector needs FDI. SHOW TIMINGS Tue 7 pm