Mining, Cap Goods Drag Down IIP Growth To 1.8% In Dec | India, EU To Push For Early Trade Pact; Sensex Snaps Two-day Rally, Down 82 Pts

Friday, Feb 10, 2012 LEAD STORIES MINING, CAP GOODS DRAG DOWN IIP GROWTH TO 1.8% IN DEC   December industrial output slowed down to 1.8% vs 5.9% in November 2011 due to contraction in mining and capital goods sector. read more INDIA, EU TO PUSH FOR EARLY TRADE PACT   European Union and Indian leaders have made "substantial progress" towards a free trade agreement, says European Council President Herman Van Rompuy. read more HIGH RATE OF DENIAL OF H-1B, L-1 VISAS TO INDIANS   U.S. immigration authorities have increased denial of work-related visas, with India-born professionals being refused at higher rates than others. read more SENSEX SNAPS TWO-DAY RALLY, DOWN 82 PTS   Markets fell after dismal industrial production hit the investor sentiment. Sensex closed 17,748.69 while Nifty ended 5,381.60 down 30.75 points. read more TOP STORIES • General VK Singh loses age war, withdraws petition   • I-T searches offices, mfg units of Aurobindo Pharma   • Criminal proceedings against Yahoo India to continue   • Numeric Power sells UPS biz to Legrand for Rs 837 cr   • MCX to launch $125 mn IPO on Feb 21   • Govt clears 20 FDI proposals worth Rs 1,034 cr   • Rupee posts biggest weekly fall in nine weeks   • Analjit Singh to be chairman of Vodafone India   • 2G: Uninor wants reserve price at Rs 1,658 cr for auction   • RIL's U.S. unit raises $1 bn through 10-yr bonds   • Google under ED scanner for FEMA violation   • Food authority crackdown on ad claims   • Tata Motors hikes prices by up to Rs 12,000   • Mahindra Satyam picks up 15% stake in Dion Global   • BPCL Q3 net jumps 17-fold to Rs 3,140 cr   • RComm Q3 net profit falls 61% to 186 cr   • MTNL registers loss of Rs 929.77 cr in Q3   • Volkswagen Vento car fire: bizman dies   • EU to ask Govt to intercede with Iran   • Steve Jobs FBI file reveals tendency to distort reality   more stories TOP VIDEOS Dismal December IIP Data Was Disappointing As Other Indicators Like The PMI And Car Sales Were Showing Definite Improvements: C Rangarajan, Chairman, PMEAC   With Uncertainty Gone, Risk-on Trade Coming Back In The Game. This Means Pick Up For Emerging Markets And High Yielding Economies: Richard Gibbs, Global Head, Macquarie Securities   Sovereign Credit Risks Have Declined Sharply In The U.S. And A Proactive ECB Has Ensured Ample Liquidity In Europe: Adrian Mowat, MD & Chief EM Strategist, JP Morgan AMC   AT A GLANCE BSE 17748.69 -82.06 NSE 5381.6 -30.75 TURNOVER Rs. 155,296 cr BSE CASH Rs. 3,528 cr NSE CASH Rs. 14,835 cr NSE F&O Rs. 136,933 cr BULLION GOLD 28144 -213 SILVER 56720 -457 CRUDE NYMEX 97.86 -1.98 BRENT 116.61 -1.98 FOREX $ / Re 49.42 -0.08 £ / Re 78.01 -0.17 € / Re 65.229 -0.44 EVENTS TO WATCH 11 February National Conference On Corporate Growth, Governance & Inclusion, PHD Chamber, New Delhi 14 February EGoM Headed By Finance Minister To Meet On Natural Gas Allocation Policy 14-16 February India Leadership Forum, 2012 Organized By NASSCOM, Mumbai 16 February TDSAT To Hear 3G Roaming Controversy, New Delhi GoM To Examine New Urea Investment Policy, New Delhi EXPERT VIEWS (On India EU FTA)"There are obviously some problems but we are confident that those problems can be resolved and will be resolved. Both of us have reaffirmed our commitment to an agreement as early as possible of the broadbased trade and agreement." Dr Manmohan Singh Prime Minister "Where I see room for improvement on the part of the IMF is in having a broader understanding of specific situations where strict adherence to a model might prevent the pragmatic solution of the problem. If there is a minimum of compliance with the requirements set out, this is the moment to turn the page and extinguish this potential big explosion..." Mario Monti Prime Minister, Italy "The dramatic increase in denial rates and Requests for Evidence for employment petitions without any change in the law or regulations raises questions about the training, supervision and procedures of the career bureaucracy that adjudicates petitions and the U.S. government's commitment to maintaining a stable business climate for companies competing in the global economy." Report National Foundation For American Policy WATCH OUT   Traders Only   For some people, markets are all about trading. Fastest finger first wins. For these winners, comes CNBC-TV18's new offering TRADERS ONLY. Packed with short- term profit making ideas from India's best trading experts, so that you can make money, everyday. SHOW TIMINGS Weekdays 10:30am