Thursday, December 2, 2010

INDIA BUSINESS UPDATE :: CNBC TV 18; 8th Dec, 2010

BLAST OUTSIDE TEMPLE IN VARANASI, SEVERAL INJURED 
Several people including foreign tourists have reportedly been injured in a blast in the holy city of Varanasi. The blast took place at Dashashwamedh ghat on the bank of the river Ganga at about 6:30 pm. The blast took place when thousands of devotees and foreign tourists had assembled at the ghat for the Ganga Aarti.




LEAD STORIES
MID-YEAR REVIEW: GDP MAY CROSS 9%; INFLATION AT 6% 
The government in its mid-year analysis said that the economy is poised to achieve 9% growth driven by robust agriculture and industry sectors.

SENSEX DOWN 46 PTS, BANKS, REALTY SLIP 
Weak investor sentiment and hammering in banking stocks forced sensex to settle at 19,934.64 points. Nifty fell 15.70 points to settle at 5,976.55.

TOP STORIES
•Parliament paralysed for 18th working day on 2G issue 
•Forget about JPC, govt tells opposition 
•SC bans sale of gutkha, pan masala in pouches 
•High Court saves Lavasa's hill-city, for now 
•Land scam: 4-yr jail for ex-UP chief secy, Flex CEO 
•Mulayam slams Mayawati over Rs 2lk cr food scam 
•Raja tried to influence a judge: Madras HC 
•Silver touches 30-yr record at Rs 45,500/kg 
•CWG organisers accused of owing millions 
•FinMin for transparent, hands-off road auction system 
•ONGC approves bonus shares in the ratio of 1:1 
•Zee to launch 24-hour food channel 
•TRAI consultation paper on value added services soon 
•Aberdeen to hold on to stake in Hero Honda 
•A2Z IPO: Jhunjhunwala to profit 30x 
•Manappuram's gold loan biz crosses Rs 6,000-cr mark 
•HSBC fights Madoff claim; new settlement reached 
•Miffed China calls Nobel panel 'clowns' 
•Pandit spins $12 bn profit for Uncle Sam 
•WikiLeaks chief Assange arrested in London

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