Tuesday, 26 July 2011
RBI hikes key rates
The RBI has continued its upward interest rate revision policy of the past one year by yet again hiking the interest rates by 50 basis points. The new repo rates are 8% and the corresponding reverse repo rate (1% lesser than repo rates) is 7%. This in effect will mean that things are going to be costlier on the borrowing front.
Here's a review of what is in store for the common man with the new changes.
The announcements:
•...
DMK man alleg cheating
Amid the spectrum incarcerations and the siblings’ war within the party’s first family, the DMK is now hit by another missile, even if just a pebble flung by a cadre accusing the leadership of duping him of Rs 5,000.
Former legislator C. Gopu said he paid the amount as deposit while filing application at the DMK headquarters for the Anaicut seat in the recent Assembly elections.
“The application form clearly stated that the...
PMK functionary hacked to death
A gang more than ten on Tuesday allegedly hacked to death the State vice-president of the Pattali Makkal Katchi (PMK) along the bye-pass road here.
Ilanchezhian (46) was returning after dropping his children at school when the incident happened, police said.
The gang members had followed Ilanchezian in a car and knocked him down from his two-wheeler when he was returning after dropping his children, police said. They had then...
More than $2.5 billion in Swiss banks may have Indians
It’s official now. Indians hold about $2.5 billion (more than Rs.11,000 crore) in Swiss banks, but this figure from Switzerland’s central bank may be a gross understatement of the total wealth directly and indirectly held there by Indian entities.
The ever-growing judicial scrutiny of and political outcry over the alleged stashing of black money in Swiss banks also seem to be forcing Indian entities to move their monies to other...
78 dead in Morocco military transport plane crash
Minister Khaled Naciri confirmed to The Associated Press that the plane crashed near the city of Guelmim on Tuesday. “There are people dead,” Mr. Naciri said by telephone.
He would not give a death toll or other information, saying the government was trying to pin down details.
The state news agency MAP said 78 people were killed when the Royal Armed Forces C-130 jet crashed into a mountain as it prepared to land at the...
Monday, 25 July 2011
earthquake strikes off Papua New Guinea
A strong earthquake has struck off the coast of the Pacific nation of Papua New Guinea. There are no immediate reports of damage or injuries and no tsunami alert was issued.
The U.S. Geological Survey says the magnitude-6.2 quake struck on Monday, 46 miles south of the town of Kavieng on the island of New Ireland. The earthquake struck at a depth of 21 miles.
The Pacific Tsunami Warning Centre did not issue a tsunami...
Reliance Industries hires over 100 temporary experts
Reliance Industries hires over 100 temporary experts for retail, broadband, petrochem & oil.
Forget long-term careers. Here is the money and this is the job to be done. Come, finish it and move on. That's the new HR mantra atReliance Industries. The petrochemicals giant, which is diversifying into many new sectors, has hired over 100 such short-term managers, some at the CXO level, some senior experts, many expatriates,...
Indian economy changed in 1991-2011
Manmohan Singh speeches, made exactly twenty years ago, will go down in the annals of Indian history as the one that changed India.
Singh presented the finances of a country that was nearly bankrupt and slayed the licence raj, thereby changing the lives of not just India's 84 crore citizens then but those of another 36 crore citizens...
Saturday, 23 July 2011
The crucial meeting of the DMK's executive committee has begun in Coimbatore.
The meeting is expected to discuss the party's rout in the Assembly polls and decide the future strategy.
With party chief M Karunanidhi's daughter Kanimozhi and party leader A Raja behind bars, and Dayanidhi Maran forced to quit the union Cabinet over the 2G scam, the DMK will also discuss its alliance with the Congress.
DMK leader TR Baalu confirmed this morning that the party will also decide on whether to send replacements...
new land scam exposed for Mr. Yeddyurappa
New land scam exposed for new evidence of corruption and nepotism have emerged from a deal that allegedly saw his family members receiving prime property near Bangalore at inexplicably low prices.
Here's how. In October 2010, Mr Yeddyurappa denotified five acres of land near the Bangalore airport, intended to house the city's next IT hub. This land had been acquired cheaply by the government from a farmer, D Inneshappa. He demanded...
Thursday, 21 July 2011
Sun TV MD arrested in cheating case
Sun TV's managing director Hans Raj Saxena was arrested here Sunday in a cheating case.
According to police, Saxena, who was coming from Hyderabad by an evening Air India flight, was arrested by the Central Crime Branch wing of the city police on his arrival.
He was taken to Adyar police station for questioning.
The arrest follows a complaint by film-maker Selvaraj alleging that Saxena cheated him of Rs.9 million.
Selvaraj...
Two-day policed custody of Sun Pictures COO Hansraj Saxena
The two-day policed custody of Sun Pictures COO Hansraj Saxena ended on Sunday in which, it is reported, the corporate officer has disclosed many transaction details between Sun TV and many film companies.
But, the estranged man has now pointing his fingers to his higher-ups that he was only an employee of Sun TV and was doing his duty as...
Uses Of Silver
silver for Demand is built on three main pillars:
Three categories represent more than 95 percent of annual silver consumption. In 2010, 487.4 million ounces of silver were used for industrial applications, 167.0 million ounces were consumed in the jewelry market, 50.3 million ounces were used in the silverware market and over 101.0 million ounces were used in coins and medals.
Silver has a number of unique properties...
The Health Support Uses of Silver
The Health Support Uses of Silver
For thousands of years silver has been used as a healing agent by civilizations throughout the world. Its medical, preservative and restorative powers can be traced as far back as the ancient Greek and Roman Empires. Long before the development of modern pharmaceuticals, silver was employed as a germicide.
Consider these interesting facts:
The Greeks used silver vessels to...
Thursday, 14 July 2011
CHENNAI AND NAGERCOIL SPECIAL TRAINS ANNOUNCED
T.No. 0619/0620
Chennai Central – Nagercoil – Chennai Central (Bi-weekly) Specials:
T.No. 0619
Chennai Central – Nagercoil Bi-weekly Superfast Special will leave Chennai Central at 20.35 hrs. on Mondays & Wednesdays from 15.2.2010 to 29.3.2010 and arrive Nagercoil at 11.05 hrs. the next day.
T.No. 0620
Nagercoil – Chennai Central Bi-weekly Special will leave Nagercoil at 16.35 hrs.
on Tuesdays &...
Obama condemns "outrageous" Mumbai attacks
Again. 2003, 2006, 2008, 2011. These are the years of terrorist attacks in Mumbai in the last decade.
Yesterday, they struck a crowded bazaar, a bus stop and at Opera House, a diamond district. On a personal level, they struck close to home. Opera House is 500 meters from where I live. In 2008, Ajmal Kasab was captured a kilometer from my house. Hundreds of thousands, maybe millions, of Mumbaikers at one time or another...
Mumbai bomb blasts
Over the years, India's commercial capital has witnessed much violence, from communal riots to gangland wars to terrorist operations. The most spectacular of the latter were the attacks of November 2008, which saw Pakistani militants from the Lashkar-e-Taiba group raid a series of targets in the city, killing more than 160 people. Two luxury hotels, a Jewish centre, a cafe and a main railway terminal were attacked.
Although they...
Wednesday, 13 July 2011
Double Dip Recession Is Likely In 2012
When gross domestic product (GDP) growth slides back to negative after a quarter or two of positive growth. A double-dip recession refers to a recession followed by a short-lived recovery, followed by another recession.
USA get its hands on the debt ceiling crisis and establishes a framework for a return to fiscal reality there will...
The History Of Facebook
The History Of Facebook
Facebook is a popular social network that has grown to rank with MySpace has. But what is it about Facebook that has special appeal and makes it even more popular than MySpace? What makes Facebook Facebook? And what made it a mega hit?
It all got started back in 2003, as Facemash. Mark Zuckerberg created it, along with help of his friends and roommates Chris Hughes and Dustin Moskovitz. Zuckerberg...
Padmanabhaswamy Temple found 90000cr
Rs 90000 Crore Gold Treasure found in Kerala Sree Padmanabhaswamy Temple as on Sunday
Around 90,000 crore worth treasure (Nidhi) has been found in the secret cellars of the famous Kerala Temple dedicated to Lord Vishnu - Sree Padmanabhaswamy Temple in Trivandrum (Thiruvananthapuram). The 7 member paper appointed by the Supreme Court of India,...
Tuesday, 12 July 2011
HISTORY OF POLIC DEPARTMENT
1659
Pedda Naik engaged by the British to...
Nitish Murder
Neelam Katara today termed it as "shocking" that a Delhi Court did not consider the murder of her son Nitish Katara as an "honour killing" when it was established he was eliminated for his intimacy with Bharti Yadav, sister of main accused Vikas and Vishal Yadav.
"I am shocked that the court had not considered it as a case of honour killing. I think there is a lapse of clarity on the issue of honour killing," Neelam said...
Monday, 11 July 2011
Oil Survey
Crude oil futures may test $100 this week on expectations the second-quarter U.S.
Last week, NYMEX crude for August delivery settled at $96.20 a barrel on Friday, rising $1.26, or 1.3 percent, for the week. Meanwhile, front-month Brent settled Friday at $118.33 a barrel, up $6.56 a barrel or 5.87 percent.
Gains may continue this week....
2G spectrum scam fallout
the Supreme Court that it plans to attach properties of DMK-controlled Kalaignar TV under the Prevention of Money Laundering Act in a month.
This is for the Rs.200 crore Swan Telecom allegedly paid it as quid pro quo for 2G spectrum allotted to the teleco by the then telecom minister A Raja. The ED also told the court that it will complete attachment of assets of Etisalat DB (formerly Swan) for...
Infosys Q1 net rises 15.72 per cent at Rs 1722 crore
The country's second largest software firm Infosys on Tuesday reported a 15.72 per cent jump in consolidated net profit to Rs 1,722 crore for the first quarter ended June 30, 2011.
The company had posted a net profit of Rs 1,488 crore for the same quarter of the previous fiscal (2010-11).
The company's revenues rose to Rs 7,485 crore in the first quarter from Rs 6,198 crore in the year-ago period, up 20.76 per...
Thursday, 7 July 2011
Thursday dealt a big blow to the Sun TV share prices
Maran’s exit from the Union Cabinet on Thursday dealt a big blow to the Sun TV share prices, which immediately tanked. Reports suggest that the CBI had told the Supreme Court that it had enough evidence to prove that Dayanidhi Maran, brother of the owner of the company, misused his office in 2006 to force Aircel promoter to sell...
History of Dayanidhi Maran
Dayanidhi Maran, a member of parliament born on Dec 5, 1966 at Kumbakonam in Tamil Nadu comes from a rich political background. He is the grand nephew of DMK supremeo M Karunanidhi, ex-chief Minister of Tamil Nadu.
Born and brought up in Chennai, he is a graduate in economics from Loyola College and completed his schooling from...
Maran’s resignation , saysThe AIADMK chief
Describing Dayanidhi Maran’s resignation as Union Textile Minister as ‘long overdue’, Tamil Nadu Chief Minister J Jayalalithaa on Thursday said Prime Minister Manmohan Singh should have made him quit long ago. “This is something long overdue. The Prime Minister should have made him resign long ago,” she told reporters in Chennai.
The...
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