Kingfisher Offers Staff 3 Installments Of Salaries Before Diwali; Sensex Gains 111 Pts As Earnings Improve Sentiment

Monday, Oct 22, 2012 LEAD STORIES SENSEX GAINS 111 PTS AS EARNINGS IMPROVE SENTIMENT   Erasing early losses, Markets rose on strong earnings by TCS & L&T, amid firming global cues. Nifty up 32.9 pts at 5,717.15. Sensex closed 18,793.44. read more UIDAI CHAIRMAN NANDAN NILEKANI SLAMS KEJRIWAL   Nandan Nilekani says Aadhar card & enabled service delivery is a more effective way to fight corruption than OB van campaigns, laws & inspectors. read more KFA OFFERS 3 INSTALLMENTS OF SALARIES BEFORE DIWALI   Kingfisher management said that out of 7 month pending salary, it will pay 1-mth salary within 24 hrs while 2nd & 3rd month salaries before Diwali. read more TOP STORIES • Re rebounds 37 paise to 53.47, snaps 2-day downtrend   • India Inc expects biz outlook to pick up in 6 mths   • I am dissatisfied with SAIL, RINL: Steel Minister   • Airtel becomes world's 4th largest mobile operator   • HDFC Bk to offer Hero Moto's customers loan at 6.99%   • Rain CII to buy Belgium-firm Rutgers for $915 mn   • Dr Reddy's Labs acquires OctoPlus NV for Rs 193 cr   • L&T Finance Holdings buys FamilyCredit for Rs 120 cr   • HDFC Q2 net up 19% at Rs 1,151 cr, meets forecast   • L&T Q2 beats forecast, net up 42.5% to Rs 1,137 cr   • Cairn India Q2 net more than triples to Rs 2,322 cr   • BoB Q2 net up 11.6% to Rs 1,301 cr, NPAs climb   • Ruchi Soya Q2 net profit soars 17 fold to Rs 65.66 cr   • MCX signs up 700 members, undecided on eq launch   • Ginger's most expensive hotel opens in Mumbai   • UK ends 10-yr 'boycott' as Guj CM meets British envoy   • Kejriwal slapped legal notice for "defaming" Delhi CM   • Bomb threat in Mumbai airport, CISF search Jet flight   • Japan's H1 trade deficit jumps 90% at $40.6 bn   • Lance Armstrong stripped of 7 titles; banned for life   more stories TOP VIDEOS TCS Q2 BOARDROOM: See Environment Being Positive For Renewals, Deal Wins. Margins To Remain Stable Till Rupee Not Too Volatile: N Chandrasekaran, CEO & MD, TCS   CNBC-TV18 EXCLUSIVE: Tata Tie Up Will Help Us To Emerge As Leaders: Howard Schultz, Chairman, President & CEO, Starbucks Coffee Co   DEVIL'S ADVOCATE: Can't Hang Sonia Over Charges Against Vadra. Have Evidence Of Corruption Against Vajpayee, Advani: Digvijay Singh, General Secretary, Congress   AT A GLANCE BSE 18793.44 +111.13 NSE 5717.15 +32.9 TURNOVER Rs. 210,525 cr BSE CASH Rs. 1,786 cr NSE CASH Rs. 9,307 cr NSE F&O Rs. 173,091 cr BULLION GOLD 31070 -217 SILVER 59657 -184 CRUDE NYMEX 89.96 -0.48 BRENT 110.37 +0.23 FOREX $ / Re 53.47 -0.37 £ / Re 85.67 -0.52 € / Re 69.891 -0.23 EVENTS TO WATCH 23 October Prime Minister Manmohan Singh To Discuss Economic Growth Through Enhanced Investments With Chiefs Of PSUs Third Presidential Debate: U.S. President Barack Obama vs Republican challenger Mitt Romney At 6:30 am Q2 Earnings: Lupin, Hero Motocorp, Castrol India, Yes Bank, Indiabulls Real Estate 26 October Microsoft To Launch Windows 8 26-28 October F1 Grand Prix, Buddh International Circuit, Greater Noida 30 October RBI Credit Policy

"2002 was 10 years ago, and lots of things have happened since then. This is engagement with Gujarat and not endorsement of any one person. We can't ignore Gujarat when Britain wants stronger ties with India...We have no intention of interfering in Gujarat election. We are taking no political position." James Bevan British High Commissioner to India "I certainly don't believe that by passing a law or putting more penalties on bureaucrats or creating more inspectors is going to solve the corruption problem. That's absolutely the wrong prescription. Fixing delivery system is more important. Fight corruption by having a bunch of OB vans is not going to solve the problem." Nandan Nilekani Chairman, UIDAI (On Nandan Nilekani)"Proof of the pudding lies in eating. Corruption is a political issue not a technical issue...so, can't see how Aadhar card can help remove it." Arvind Kejriwal Activist-turned-Politician

WATCH OUT

Your World @ 10   Hosted by Menaka Doshi, it gives the viewer a comprehensive look at the day's global market action, the newsmakers' view on the day's big stories, as well as a quick update on the top political stories and events of national importance. After the comprehensive market coverage, Your World logs in to quiz the day's newsmakers. SHOW TIMINGS Weeknights 10 pm