Finance Minister Jaswant Singh on Friday indicated radical changes in auditing norms including disqualification of auditors if they are found to have 'financial relationship' with companies as suggested by the Naresh Chandra panel.
Medium pacer Sandeep Warrier picked up three wickets, while opener Unmukt Chand struck a patient half-century as India's Under-23 team got the better of arch-rivals Pakistan by three wickets in a limited overs Group 'A' match of the ACC Emerging Teams Cup in Singapore.
The Sensex has zoomed by 109 points to close at a new high of 11,747.
Insider trading -- a punishable offence in the United States -- which increases stock market volatility, is relatively high in India, China, Russia, Venezuela and Mexico, according to a study done for the International Monetary Fund.
The six-nation tournament was originally scheduled for April in Pakistan at the end of India's forthcoming Test series.
The markets have opened the week in the positive terrain, traders are bullish on auto, power, bank up. In the morning session, selling pressure was witnessed in IT.
Afghanistan have been granted the Associate membership of the ICC, making it the eighth Asian nation and the 38th overall to get the status.
A record 40 disciplines, including chess, will feature at the Asian Games in Doha, Qatar.
The cement index, consisting of the top five cement companies has appreciated by almost 16 per cent.
The Sensex ended eight points lower at 5,195. The Nifty closed at 1,631 - down 8 points.
India's three-year old futures and options market has fast become a haven for retail investors, but analysts say limits on the size and types of deals has kept fund managers from using it and is squeezing its growth potential.\n\n\n\n
The Sensex opened with a positive gap of 46 points at 10,996.
UBI says banking sector to perform well
After moving in a wide range of 10,206 to 10,423, the Sensex finally settled with a smart gain of 88 points at 10,370.
Heavy selling pressure towards the end saw the Sensex slide to a low of 9714, and closed with a loss of 101 points at 9743.
In five years, royalty payments have grown 31.1% yearly, much faster than rise in revenue and profit.
The 30-share BSE Sensex opened weak but soom zoomed to touch 9600. It is now up 61 points at 9601.
The Sensex finally closed with a loss of 171 points (1.9%) at 9,086.
Indian industrial output jumped 5.0 per cent in December as robust domestic demand bolstered the manufacturing sector, official data released on Tuesday showed.
The India vice-captain scored 69 off 79 balls as Scotland beat Sussex Sharks.
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