INDIA BUSINESS UPDATE - Sensex Rebounds, Gains 268 Pts: CNBC TV18

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2G SCAM: GOVT TO SEND NOTICES TO 85 FIRMS Telecom Minister Kapil Sibal cracked the whip on "ineligible" companies in the 2G spectrum scam case, announced notices will be sent to 85 companies.

SENSEX GAINS 268 PTS, REBOUNDS AFTER 4-DAY FALL Sensex snapped 4-day losing streak on value buying in heavyweights to settle at 19405.10 points. Nifty rose 78.05 points points to settle at 5,830.

HEFTY PENALTIES ON UNWANTED CALLS FROM TUESDAY TRAI is to announce new guidelines to curb the menace of unsolicited calls by imposing hefty penalties on errant telemarketing firms and operators. • 12th working day in Parliament lost in uproar over 2G   • Loopholes in Lavasa's reply: Environment Min   • Panel seeks temporary withdrawal of Posco permit   • Govt may decontrol urea pricing in FY11   • CBI fresh report on 2G scam silent on Raja's role   • Old GSM telcos took excess spectrum free: RComm   • CCI to approve bulk of M&A proposals in 1 month   • 11 real estate companies under our scanner: CCI   • MTNL, RCom, DB Realty among 25 to hit lifetime lows   • Decision on Cairn-Vedanta deal by Feb-end: Oil Secy   • Money Matters deposits Rs 445 cr in bank   • Ceat acquires global brand rights from Pirelli   • MOIL IPO oversubscribed 2.37 times on Day 2   • Shipping Corp share sale to raise up to $259 mn   • Fortis plans pan-Asia expansion, Vishal Bali new CEO   • FDI in renewable energy growing rapidly: govt   • Jagan quits as Congress MP, to launch new party   • Wal-Mart to pay $2.3 bn for Massmart control   • US lawmakers demand WikiLeaks be shutdown   • China directed Google hacking: WikiLeaks