Subrata Roy Asked To Appear Before SEBI On April 10; Mumbai Slips To 66th Rank Among Global Financial Hubs; Sensex Ends 7-Day Losing Streak

Tuesday, Mar 26, 2013 MUMBAI SLIPS TO 66TH RANK AMONG GLOBAL FIN HUBS   The latest Global Financial Centres Index (GFCI) released today, ranked Mumbai 66th out of 79 financial centres worldwide. Mumbai slipped 3 places down from last year when it was ranked 63rd on the coveted list. All but six centres in the GFCI experienced a rise in the ratings. London topped the list followed by New York, followed by Hong Kong and Singapore in 3rd and 4th place respectively. read more   LEAD STORIES SUBRATA ROY SUMMONED TO APPEAR BEFORE SEBI ON APR 10  SEBI says it will go ahead with sale of assets as per attachment order if Subrata Roy, others fail to appear before it on April 10. read more SENSEX ENDS 7-DAY LOSING STREAK; NO RELIEF FOR MIDCAPS  A 3%-decline in index heavyweight RIL erased much of the gains. Sensex ended at 18,704.53 up 23.11 pts while Nifty was up 7.75 pts at 5,641.60. read more NEW RULES FOR INSIDER TRADING, SHARE BUYBACK SOON: SEBI  SEBI is set to come out with new guidelines to curb insider trading soon and also plans to come out with new rules for share buyback. read more TOP STORIES • Jayalalithaa says no IPL match with SL players in TN   • Transporters to go on indefinite strike from Apr 1   • SAT adjourns hearing in SEBI-Sahara case to April 13   • SEBI bars Zenith founders from stock mkt; scrip tanks   • Bharti Airtel raises $500 mn via bonds issue   • Amul cautions govt on proposed EU-India FTA   • FIPB approves AirAsia's tie-up with Tata Group   • BRICS nations agree to set up development bank   • Rupee ends at 54.36, down 19 paise   • Gold falls below $1,600,eurozone worries cushion drop   • LIC picks up 71% SAIL shares divested by govt   • DGCA allows lessors to take 15 deregistered KF planes   • Tata Motors to shut down Jamshedpur unit for 11 days   • Blackstone picks up 53% in Sree Jyothi Cements   • Broadcasters asks TRAI to withdraw ads notification   • Super-rich BSP leader Deepak Bharadwaj shot dead   • Cyprus banks remain closed to avert run on deposits   • Buffett unseats Ortega to become 3rd richest person   • Just do it, says Yahoo's teen app millionaire   • Tiger Woods recaptures world No. 1 spot   more stories TOP VIDEOS Looking To Raise Rs 3,000 Crore Via Sale Of Non-Core Assets: Kishore Biyani, CEO, Future Group   There Is A Perceptible Slowdown In The Economy; This Will Continue For A While Because Of The Election Uncertainty:Rahul Chadha,Mirae Asset Global Investments   Yields To Range Around 7.85-8%; See OMO In April: Ananth Narayan, MD, South Asia, Stanchart   AT A GLANCE BSE 18704.53 +23.11 NSE 5641.6 +7.75 TURNOVER Rs. 228,555 cr BSE CASH Rs. 1,566 cr NSE CASH Rs. 8,730 cr NSE F&O Rs. 194,860 cr BULLION GOLD 29485 -103 SILVER 54055 -157 CRUDE NYMEX 95.49 +0.68 BRENT 108.27 +0.1 FOREX $ / Re 54.365 +0.19 £ / Re 82.434 +0.06 € / Re 70.024 +0.27 EVENTS TO WATCH 26 - 27 March 5th Annual BRICS Summit, Durban, South Africa 27 March U.K GDP Data To Be Released 28 March U.S. GDP Data To Be Released 28 March India's Q4 Trade Deficit Data To Be Released 3 April IMC's Seminar On Investment Outlook 2013, 9 AM Onwards, BSE Convention Hall, Dalal Street, Mumbai

"I have made it very clear that those who will not follow SEBI guidelines for minimum public shareholding will suffer the consequences. And those consequences are not very difficult to assume." UK Sinha Chairman, SEBI "Interestingly EU also subsidises their milk farmers by giving various incentives on export of their dairy products which actually make their products cheaper than the cost. So EU wants to export such subsidised dairy products to India...without giving access to the Indian dairy products to its own market with large NRI population," R S Sodhi Managing Director, GCMMF "In view of the popular antipathy and anger in Tamil Nadu against the actions of the government of Sri Lanka, the government of Tamil Nadu is of the view that IPL matches involving Sri Lankan players, umpires and other officials should not be played in Tamil Nadu." J Jayalalithaa Chief Minister, Tamil Nadu