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Showing posts from February, 2018

Karti Chidambaram in custody, to appear in court today: Top 10 developments

A regular CBI court on Thursday will hear the agency, which sought a 15-day remand of Karti Chidambaram in the INX Media case   Karti Chidambaram, businessman and former finance minister P Chidambaram's son, will be produced before the Patiala House Court on Thursday in connection with the so-called INX Media money-laundering case. Karti had been arrested by the Central Bureau of Investigation (CBI) at the Chennai airport on Wednesday morning and taken into custody by a team of CBI officers on his return from the United Kingdom. He was produced before a Delhi court, which sent him to CBI custody for one day. Karti Chidambaram's remand will last until 12.30 pm on Thursday when a regular CBI court will hear the probe agency. The central probe agency had sought a 15-day remand for his custodial interrogation. He will be produced before a CBI court on Thursday, All India Radio News has reported.The CBI justified Karti's arrest by taking the ground of his n...

Boney Kapoor letter: Sridevi, my love, was axis around which our family ran

The funeral, marking the final journey of Sridevi, was one of the largest in Mumbai city in recent times   Sridevi, whose last rites were performed on Wednesday, lived her life with "dignity", her family said in a statement, while requesting the media to give the family the space to grieve her untimely death. The Bollywood icon's husband, film producer Boney Kapoor, also released a statement on Wednesday saying the loss was "inexplicable in words". "To the world she was their Chandni ...their Sridevi... but to me she was my love," the filmmaker wrote in a post that he shared from his wife's Twitter handle. On the lines of the statement released by the family, Kapoor also urged media to respect the family's need to grieve privately. Earlier on Wednesday, Sridevi was cremated in Vile Parle crematorium with full state honours. Hundreds of thousands of people, including Bollywood celebrities, joined the film star's family to...

Sridevi funeral: State honour for actor, celebs pay respect, & more updates

The actor passed away late Saturday night in Dubai, where she had gone along with her family for the wedding of her nephew Mohit Marwah Veteran actor Sridevi will be cremated with state honours. The Maharashtra government has made arrangements for the elaborate event and the Mumbai Police band has already reached Celebration Sports Club. The actor will be honoured with a gun salute and the body will be draped in the national flag. Earlier, Bollywood celebrities lined up to pay their final respect to Sridevi at Mumbai's Celebration Sports Club, where her mortal remains had been kept for condoling fans and celebs to pay their final tributes to the veteran actor. Aishwarya Rai, Sushmita Sen, Karan Johar were among the celebs to who paid their last respect. Her mortal remains arrived in Mumbai on Tuesday night and the funeral will take place today at 3.30 pm. Her family announced that Sridevi's body would be kept at Celebration Sports Club in Lokhandwala for p...

Muzzafarpur hit-and-run case: BJP leader surrenders; top 10 developments

The accused, Manoj Baitha, has been shifted to Patna Medical College for treatment of injuries he suffered in the incident Manoj Baitha, the accused in the Muzzafarpur hit and run case in which 9 school children were killed, surrendered on Wednesday. The former BJP leader has been shifted to Patna Medical College for treatment of the injuries he suffered in the incident, news agency ANI said in a tweet. He has, however, denied any involvement in the incident. The accident took place on Saturday near Dharampur school on National Highway-77 in Bihar's Muzzafarpur when a Bolero jeep hit the children while they were crossing the road. Angry parents and residents of the area staged a protest demanding the arrest of the accused. Opposition parties had also demanded strict action and accused the ruling NDA of shielding the BJP leader. BJP suspended the leader from the party for 6 years after an FIR was registered against him. Meanwhile, the father of the accused has ...

Maldives rejects India's MILAN invite: Why it did so; top 10 developments

India will be hosting navies from at least 15 nations for the eight-day mega naval exercise, which is set to begin on March 6 at the Andaman & Nicobar Islands   India might have been snubbed by the Maldives, which on Tuesday declined New Delhi's invitation to participate in the biennial naval exercise MILAN 2018. Meanwhile, the Maldivian envoy has said that his country cannot participate in the naval drills due to the state of emergency in the island nation. India will be hosting navies from at least 15 nations for the eight-day mega naval exercise, which is set to begin on March 6 at the Andaman and Nicobar Islands. Maldives has been regularly participating in the biennial exercise, which was started in 1995. The development was revealed by Indian Navy Chief Admiral Sunil Lanba and comes amid strained ties between India and Maldives, which has been gripped by an ongoing political turmoil. Countries participating in the exercise include Australia, Malaysia, ...

SWIFT may report non-compliant banks: Company's India CEO Kiran Shetty

Business standard : The fraud at Punjab National BankBSE -1.58 % (PNBBSE -1.58 %) is reported by the lender to have been committed by a deputy manager who sent unauthorised messages through the SWIFTBSE 1.04 % messaging system. In an interview with TOI, SWIFT India CEO Kiran Shetty explains how weakness in an institution’s local environment can be used by fraudsters. Recent incidents have taken place because lenders have ignored SWIFT requirements of a controlled framework securing the bank’s end-to-end transaction ecosystem, including payments, securities, trade and treasury. From next year therefore, SWIFT has said that it reserves the right to report to the supervisor banks that do not confirm full compliance. What is SWIFT and who are its users ? SWIFT is a global member-owned cooperative that is headquartered in Brussels, Belgium. It was founded in 1973 by a group of 239 banks from 15 countries who formed a cooperative utility to develop a secure electronic me...

INX Media case: CBI detains Karti Chidambaram for manipulating tax probe

INX Media allegedly violated norms by making a downstream investment of 26% in INX News  without FIPB approval Former finance minister P Chidambaram's son and businessman Karti Chidambaram was detained by the Central Bureau of Investigation (CBI) in Chennai on Wednesday in connection with the INX money laundering case. It was alleged that he violated the Foreign Exchange Management Act. Chidambaram was detained at Chennai Airport while he was returning from a foreign trip, according to his public relations officer. A few weeks ago, Karti's chartered accountant S Bhaskararaman had been arrested from a hotel in Delhi. The Enforcement Directorate (ED) had earlier claimed that during the course of investigation, it was revealed that Bhaskararaman had been assisting Karti Chidambaram to manage his "ill-gotten wealth" in India and abroad. The case relates to the approval granted by Foreign Investment Promotion Board (FIPB) in 2007 for receipt of ...

Delhi CS row: Officials want action against Kejriwal; top 10 developments

On Monday, Deputy Chief Minister Manish Sisodia wrote to Lt Governor Anil Baijal asking him to order bureaucrats to resume work The tussle between the ruling Aam Aadmi Party and government officers intensified on Tuesday, with the latter demanding action against Chief Minister Arvind Kejriwal and his deputy Manish Sisodia in the case related to an alleged assault of Chief Secretary Anshu Prakash at the CM's official residence. Meanwhile, bureaucrats continued to boycott meetings even as the Delhi government made concerted efforts to end the crisis. Deputy Chief Minister Manish Sisodia on Monday wrote to Lieutenant Governor Anil Baijal, urging him to order officers to resume work. In his letter, Sisodia asserted that if service matters were under the Delhi government's ambit, "rule of law" would have been followed. "If services were our subject, we would have certainly ensured that the rule of law was followed and the constitutional scheme of f...

Sridevi was murdered, alleges Swamy

The Bharatiya Janata Party (BJP) leader Subramaniam Swamy on Tuesday opined that veteran actress Sridevi was murdered, even as the forensic report rules out any kind of foul play in her death. Swamy also pointed a finger at the underworld terrorist Dawood Ibrahim, saying that we should take serious cognizance of the "illicit relations between cinema actresses and Dawood." "It doesn't appear to me the facts that have come out in the media are consistent. She never drank hard liquor so how did it enter her system? Was she forcibly fed? What happened to the CCTV, we have not heard a word about that," Swamy told ANI, and added, "It suddenly appears in the media that she died of heart failure as if it's pre-planned." At length, he concluded, "If you ask my opinion I'll tell you that I think it's murder." The mystery around the death of the Indian actress has taken the country by storm since the forensic report...

2018 will see largest iPhone ever and a more affordable version of iPhone X

With new lineup, Apple wants to appeal to the growing number of consumers who crave the multitasking attributes of phablets while also catering to those looking for an affordable version of iPhone X Business standard : Apple Inc. is preparing to release a trio of new smartphones later this year: the largest iPhone ever, an upgraded handset the same size as the current iPhone X and a less expensive model with some of the flagship phone’s key features. With the new lineup, Apple wants to appeal to the growing number of consumers who crave the multitasking attributes of so-called phablets while also catering to those looking for a more affordable version of the iPhone X, according to people familiar with the products. Apple, which is already running production tests with suppliers, is expected to announce the new phones this fall. The plans could still change, say the people, who requested anonymity to discuss internal planning. Despite months of breathless hype, the iPhone X...

Sridevi funeral: Actor drowned; body still in Dubai; top 10 developments

Sridevi's death case took a new twist on Monday as her autopsy report revealed that she died due to accidental drowning and not cardiac arrest   Veteran actor Sridevi's mortal remains are still in Dubai, pending paperwork. After receiving the Autopsy report, the Dubai police has started examining the circumstances of the actor's death. According to media reports, police are trying to recreate the sequence of events leading up to her death and have questioned those accompanying her, including her husband. Meanwhile, Indian Envoy to UAE Navdeep Suri assured that the Indian embassy was trying hard to send Sridevi's body to India at the earliest. "Our embassy and consulate are working closely with local authorities to expedite the return of Sridevi's mortal remains and also keeping Kapoor family apprised. It is our endeavour to send mortal remains of Sridevi to India at the earliest, " Suri told ANI. Sridevi's death took a new twist...

Meghalaya, Nagaland Assembly polls: Explosion at Tizit; top 10 developments

Voting underway in Meghalaya and Nagaland Assembly elections 2018; BJP and Congress slug it out for the Northeast Voting in the crucial Meghalaya and Nagaland Assembly elections began on Tuesday at 7 am amid tight security, with the Bharatiya Janata Party (BJP) and Congress slugging it out to see who would emerge as the more dominant party in the Northeast. Despite security being beefed up, one person was injured in a bomb blast at a polling station in Mon District's Tizit in Nagaland. The two states have a 60-member House each. However, voting will be held only for 59 constituencies in each. Voting for the 60-member Assemblies will commence from 7 am and conclude by 4 pm, except at some polling stations in Nagaland's interior districts where the process is scheduled to be completed at 3 pm. Encouraged by the formation of governments in Assam, Manipur, and Arunachal Pradesh, the Bharatiya Janata Party (BJP) is making a determined bid to expand its footprint in t...

From Dhoni to Kohli, why skippers prefer their IPL boys in national team

Sports psychologists believe having IPL teammates playing together helps the national team's performance Indian cricket team captains like Mahendra Singh Dhoni and Virat Kohli seem to prefer playing more with players from their respective IPL teams even in the national team. We have seen that for various tours over the years. But is there a real correlation between the composition of IPL teams and the Indian national cricket squad? Business Standard analysed historical data, valuation reports and franchise balance sheets to comprehend the correlation, if any. What emerged was an interesting picture. The facts first. In 2014, when Dhoni was the captain of Chennai Super Kings, its players found a spot in the national squad 35 times in five tours. In 2017, when Virat Kohli captained Royal Challengers Bangalore, the team found a place in the Indian national side 26 times in eight tournaments. This was the highest among all IPL teams that year. An aberration was perhaps...

PNB fraud: Nirav Modi may face non-bailable warrant; top 10 developments

As part of its probe in the PNB fraud case, ED will send judicial requests to over a dozen countries for obtaining information about the overseas businesses and assets of Nirav Modi and Mehul Choksi Nirav Modi and Mehul Choksi's overseas businesses and assets across more than a dozen countries are under the scanner of the Enforcement Directorate (ED), which will soon send judicial requests to countries like Belgium, Hong Kong, Switzerland, the United States, the United Kingdom, Dubai, Singapore, and South Africa for obtaining information about them as part of the widening of its probe into the Rs 114-billion Punjab National Bank (PNB) fraud case. Nirav Modi, his wife Ami, and uncle Mehul Choksi have been summoned by the ED to appear at its zonal office in Mumbai on Monday. According to sources, if they skip the summons, the agency could approach a special PMLA court to get non-bailable warrants issued against them. Modi has already had his luxury cars, includ...

How Sridevi became the star who everyone wanted in their films in the 1980s

Sridevi was one of the actresses who made a successful transition from acting in the South to Hindi films   The sudden death of actress Sridevi of a cardiac arrest at the young age of 54 has left not just her colleagues in the film industry, but also her millions of fans, in shock. On social media, they paid tributes to her and recalled not only her landmark films but also noted that she had begun a comeback at an age when most mature actresses are consigned to boring and clichéd ‘mother’ roles. With English Vinglish, released in 2012 when she was 48, Sridevi had shown that she could play a central role and still hold attention as she did, successfully, in the countless films of the 1980s. That decade was not known for great cinema, but in that firmament, Sridevi was the brightest star. In fact, the 1980s could be said to be the decade of Sridevi. More than most, she churned out one Hindi hit after the other starting with the potboiler Himmatwala, Tohfa and Nagina. Mr...

Sridevi: Bollywood, sports fraternity mourn first female superstar's demise

Known for her versatility as an actor, she had an illustrious career spanning over four decades Sridevi passed away Saturday night, reportedly due to heart attack, at the age 54. Her sudden demise has left many people in shock. From Bollywood celebrities to sports stars and politicians, fans of Sridevi took to Twitter to express condolences for the legendary actor. The actor, wife of producer Boney Kapoor, died in Dubai, where she had gone to attend her nephew Mohit Marwah's wedding. Confirming the news, a source close to the family said, "Yes it's true. She was in Dubai while some of the other family members came back to India. We hear it's cardiac arrest." While some of her family members returned from Dubai after the wedding, Sridevi, Boney and her younger daughter Khushi stayed back. Her elder daughter -- Janhvi -- had not travelled with the family because of the shooting schedule for her upcoming Bollywood film, her first in the industry...

US gun lobby blasts anti-gun advocates for 'exploiting' Florida tragedy

Trump backs National Rifle Association as 'great American patriots' amid Florida school massacre The head of the National Rifle Association lashed out at gun control advocates on Thursday, saying Democratic elites are politicizing the latest mass school shooting in the United States to try to erode constitutionally guaranteed gun rights. NRA chief executive Wayne LaPierre echoed President Donald Trump’s call to arm teachers to prevent school shootings, and weighed in on a long-running political and cultural divide over access to weapons that has been inflamed by last week’s massacre at a Florida high school that killed 17 students and staff. “The elites don’t care not one whit about America’s school system and school children,” LaPierre told a friendly audience of conservatives outside Washington. “Their goal is to eliminate the Second Amendment and our firearms freedoms so they can eradicate all individual freedoms.” The US Constitution’s Second Amendm...

After Modi embrace, Justin Trudeau meets Sushma Swaraj: Top 10 developments

Canada PM Justin Trudeau's maiden India visit plunged into another controversy on Thursday over a dinner invitation to convicted Khalistani terrorist Jaspal Atwal   Canadian Prime Minister Justin Trudeau meets External Affairs Minister Sushma Swaraj on Friday: @ANI Canadian Prime Minister Justin Trudeau met with External Affairs Minister Sushma Swaraj on Friday, ahead of his meeting with Prime Minister Narendra Modi and an extended bilateral meeting along with a group of his ministers. Trudeau's maiden India visit plunged into another controversy on Thursday because of a dinner invitation to convicted Khalistani terrorist Jaspal Atwal by the Canadian High Commissioner to India. On Friday morning, Prime Minister Modi received Canadian Prime Minister Trudeau and his family at the Rashtrapati Bhawan. Greeting the visiting head of state, PM Modi gave Trudeau his famous bear hug. After being welcomed at the Rashtrapati Bhawan, Trudeau and his family paid their tributes...

Trudeau's lesson in India: Sikhs in Canada and Punjab don't think alike

If separatism is anathema for a majority of Sikhs in Punjab today, situation is very different in Canada, where politicians are caught in throes of resurgent movement for a separate Sikh state Sikh politics has always revolved around identity issues, and political parties have worked on these issues in different ways, often with success and sometimes not. The movement for a separate Sikh state – Khalistan – was one such expression, but the decade-long violent phase of terrorism which resulted in pain, loss and suffering has caused the average Sikh in Punjab to turn her back on it. This is not to say that the ideology has been vanquished along with the terrorists. On the contrary, remnants of it are very much alive in present-day Punjab, but receive little traction from the public whenever people attempt to exploit it politically. The Aam Aadmi Party (AAP), misguided by a clutch of closet hardliners in its ranks, realised the peril of hobnobbing with perceived Khalista...

Airplane crash investigations can improve cybersecurity. Here's how

Additional measures would likely be required to make a cybersecurity safety board successful, such as launching investigations only for serious breaches like those involving critical infrastructure While some countries struggle with safety, U. S. airplane travel has lately had a remarkable safety record. In fact, from 2014 through 2017, there were no fatal commercial airline crashes in the U. S. But those years were fraught with other kinds of trouble: Security breaches and electronic espionage affected nearly every adult in the U. S., along with the power grid in Ukraine and the 2016 U. S. presidential campaign, to name a few. As a scholar of cybersecurity policy, I think it’s time that my own industry took some lessons from one of the safest high-tech transportation methods of the 21st century. Like today in cybersecurity, the early days of US air travel weren’t regulated particularly closely. And there were a huge number of accidents. Only after pub...

Xiaomi Redmi Note 5, Note 5 Pro sale begins today on Flipkart, Mi Store

At Rs 16,999 for the 6GB RAM and 64GB internal storage varia, the Redmi Note 5 Pro seems a little overpriced. On the other hand, the Redmi Note 5 is priced competitively at Rs 9,999 for the base model   Chinese smartphone manufacturer Xiaomi seems in no mood to slow down. Its latest phones, the Redmi Note 5 and Note 5 Pro, seem similar on the first look but are very different devices. While the Note 5 adds ultra-wide screen along with enhanced camera on the back when compared with the Note 4, the Note 5 Pro is a new package with substantial upgrades. The Note 5 and Note 5 Pro, launched on February 14, would go on sale today, exclusively on home-grown e-commerce platform Flipkart and Xiaomi’s Mi Store. As for the price and variants, the Redmi Note 5 comes in two storage and RAM combinations – 32GB/3GB and 64GB/4GB – priced at Rs 9,999 and Rs 11,999, respectively. The Redmi Note 5 Pro comes with 64GB internal storage but in two RAM variants – 4GB and 6GB – priced at Rs ...

Company history - Coffee Day Enterprises Ltd.

Coffee Day Enterprises Ltd Coffee Day Enterprises : The Company was originally formed as a partnership firm constituted under the Indian Partnership Act, 1932 on February 1, 2008 under the name Coffeeday Holding Co. pursuant to a deed of partnership, having V.G.Siddhartha, Malavika Hegde, S.V. Gangaiah Hegde, Vasanthi Hegde, Sivan Securities (Mangalore)Private Limited (now known as "Gonibedu Coffee Estates Private Limited"),Coffee Day Consolidations Private Limited and Global Technology Ventures Limited (now known as "Coffee Day Trading Limited") as partners. Coffeeday Holding Co. was thereafter converted from a partnership firm to a private limited company under Part IX of the Companies Act, 1956, as Coffee Day Holdings Company Private Limited and a fresh certificate of incorporation was issued by the RoC on June 20, 2008. The name of the Company was changed to Coffee Day Resorts Private Limited and a fresh certificate of incorporation consequent upon cha...

AMTEK AUTO LTD. (AMTEKAUTO) - COMPANY HISTORY

Amtek Auto Group was built up with the consolidation of the lead organization, Amtek Auto in 1985. From that point forward, it has developed quickly and risen as a leader in the worldwide car segment industry with an overall nearness crosswise over North America, Europe, and Asia. Amtek's assembling abilities incorporate Iron and Aluminum Castings, Forgings, Complex Machining and Ring Gears Flywheel Assembly. Amtek Auto produces segments, for example, interfacing bar congregations, flywheel ring apparatuses and gathering, guiding knuckles, suspension and directing srms, CV joints, crankshaft gatherings and torque joins. It is sponsored by in– house plan and advancement offices occupied with growing new item and procedures. Amtek Group is a main worldwide producer of car parts and congregations with creation offices found deliberately crosswise over North America, Europe and Asia. The Group's broad assembling capacities envelop Sub congregations, Iron, Gravity and Alu...

COFFEE DAY ENTERPRISES LTD. (COFFEEDAY) - COMPANY HISTORY

Coffee Day Enterprises Ltd was originally formed as a partnership firm constituted under the Indian Partnership Act 1932 on February 1 2008 under the name Coffeeday Holding Co. pursuant to a deed of partnership having V.G. Siddhartha Malavika Hegde S.V. Gangaiah Hegde Vasanthi Hegde Sivan Securities (Mangalore) Private Limited (now known as Gonibedu Coffee Estates Private Limited) Coffee Day Consolidations Private Limited and Global Technology Ventures Limited (now known as Coffee Day Trading Limited) as partners. Coffeeday Holding Co. was thereafter converted from a partnership firm to a private limited company under Part IX of the Companies Act 1956 as Coffee Day Holdings Company Private Limited and a fresh certificate of incorporation was issued by the RoC on June 20 2008. The name of the Company was changed to Coffee Day Resorts Private Limited and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on January 25 2010. Subsequently t...

AMTEK AUTO LTD. (AMTEKAUTO) - COMPANY HISTORY

Amtek Auto Stock Price :Amtek Auto Ltd is one of the largest integrated automotive component manufacturers in India with a strong global presence. The company has world class facilities in India, Europe and North America. They have significant expertise in forging, grey and ductile iron casting, gravity and high-pressure aluminum die casting and machining and sub-assembly. They also manufacture components for non-auto sectors such as the railways, specialty vehicles, aerospace, agricultural and heavy earth moving equipment. The company is headquartered in New Delhi. The company operates in one segment, which includes Automotive Components. The company's products and services include connecting rods assly/ piston assly, case component assemblies and forging. Their forging division has facilities in Maharashtra, Norther Capital Region and Madhya Pradesh. Automotive Machining Divison has facilities in Rajasthan, Uttrakhand, Maharashtra, Missouri and Witham. Amtek Auto Ltd w...