05 January 2011

CNBC TV18, India News Update: Jan 5, 2011

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SAHARA CAN RAISE FUNDS, SEBI CAN SCAN: SC
Sahara group can continue raising money from capital market but SEBI can also seek info including the names of investors says Supreme Court order.

SENSEX SNAPS 4-DAY RALLY ON RATE HIKE FEARS; SLIPS 62 PTS
Sensex closed at 20,498.72 points amid concerns that the RBI is likely to hike short-term rates. Nifty slipped 11.25 points to settle at 6,146.35.

GAMESA LIKELY TO PICK UP MAJORITY STAKE IN SUZLON
CNBC TV18 learns that the world's second largest wind turbine maker Gamesa is likely to pick up majority stake in Suzlon.

TOP STORIES
•Citibank fraud: FIR against Vikram Pandit, 10 others
•CBI registers enquiry into telecom policy since 2001
•Kalmadi evades CBI, aides questioned
•FM cautions against window dressing by accountants
•NMDC, MMTC lock horns on supply pact with Jap firms
•Rupee sheds 28 pts to 1-week low of 44.98/$
•Singur locals asks Tata Motors to set up plant
•Environment Ministry team to visit Lavasa site on Jan 5
•Uninor moves TDSAT against DoT on roll-out damages
•MF industry AUM drops 5% in Oct-Dec qtr at Rs 6.75lk cr
•FDI in November dips about 7% to $1.6 bn
•Sebi gives nod to Rs 800 cr Muthoot Finance IPO
•Telecom industry tops M&A chart in Apr-Dec 2010
•I-T dept seeks Rs 1.5 cr tax from suspended IAS officer
•Motorola splits into two cos - Mobility & Solutions
•Goldman invst in Facebook to draw SEC scrutiny
•SKorea's GDP tops $1 tn in 2010
•UK manufacturing index hits 16-yr high in Dec
•Kumble quits all forms of cricket, pulls out of IPL
•Shirdi's Saibaba investments stands at Rs 427.2 cr

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