New Delhi: In UPA's summer of discontent, it continues to rain scams. The Central Bureau of Investigation (CBI) had unearthed a huge forex derivatives scam, pegged at Rs 32,000 crore which has been conveniently brushed under the carpet by the government for three years. On January 4, 2012, Parliament's Public Accounts Committee (PAC) had sent a reminder to the Ministry of Finance, seeking an explanation on the alleged scam in...
09:01 AM, Jun 03, 2012
New York: Facebook is letting its nearly 1 billion users vote on changes to its privacy policy beginning on Friday. This is the second time Facebook Inc. is letting users vote on policy changes. The first time was in 2009 when Facebook was a much smaller, privately held company with about 200 million users. The vote is over updates the company announced in May, a week before its initial public...
10:59 AM, Jun 02, 2012
Kochi: With the rupee continuing with its free fall, RBI on Friday said it was doing everything it can to stabilise the exchange rate to reduce volatility of the currency. "... That has been our approach from the time this (depreciation) started and we will continue it," RBI Deputy Governor Subir Gokarn told reporters here on the sidelines of a function. He, however, declined to make any projections, saying "there...
01:30 AM, Jun 02, 2012
MUMBAI: Gold prices in India, one of the world's leading consumers, climbed on May 28 in line with firm global markets but the rise depressed physical demand just ahead of a lean season. The most-active June delivery on the Multi Commodity Exchange (MCX) was up 0.24 per cent at Rs. 28,995 by 2:16 p.m. "We are heading towards seasonally weak demand period," said Babu Alapatt, managing director at retailer Alapatt...
04:11 PM, May 28, 2012
New Delhi: Taking a tough stand on insider trading and other serious offences, market regulator SEBI on Friday decided to exclude these violations from the consent order, a window available for settling disputes on payment of a fee. The modified guidelines, issued by the Securities and Exchange Board of India (SEBI), also said that this window will only apply for offences committed two years prior to submission of application to...
07:06 AM, May 26, 2012
Bonn: More than 180 countries agreed on an agenda for work on a new climate treaty by 2015 at United Nations climate talks on Friday, breaking a deadlock over procedure, but mistrust remains that could threaten progress for the rest of the year. "(The workplan) was not an easy issue to agree (on)," UN climate chief Christiana Figueres told reporters after the negotiations held at Bonn in Germany. "All parties...
10:17 PM, May 25, 2012
Los Angeles: Superhero Batman's sidekick Robin is set for a sex change in two new animated movies as the crimefighting character will be voiced by a girl. 'Modern Family' star Ariel Winter will play Carrie Kelly, the brand new Robin in the two animated films, The Hollywood Reporter said. 'Robocop' star Peter Weller will take on the lead role of Batman/Bruce Wayne. 'Batman: The Dark Knight Returns' actor Michael McKean,...
03:07 PM, May 25, 2012
Mumbai: The rupee fell to a new record low of 55.32 to the dollar, its fifth consecutive all-time low, as arbitrage measures taken by the RBI late on Monday provided only a brief sentiment boost. At 10:05 am, the partially convertible rupee traded at 54.95/00 per dollar, rebounding from the record low and strengthening from its close of 55.03/04 on Monday. Traders said some exporters were selling dollars in the...
11:00 AM, May 22, 2012
Mumbai: The rupee was broadly flat against the dollar on Monday tracking a mild recovery in risk assets after G8 leaders over the weekend backed keeping Greece in the euro zone and vowed to take all steps needed to combat financial turmoil. The rupee was last trading at 54.42/45, unchanged against its Friday close of 54.42/44. The currency had hit a new life low of 54.91 on Friday. ...
12:10 PM, May 21, 2012
New Delhi: An amendment to the Constitution is being drafted to enable the exchange of 111 Indian enclaves in Bangladesh and 51 Bangladeshi enclaves in the Indian territory, External Affairs Minister SM Krishna has said. "Government is committed to the earliest implementation of the Protocol and Land Boundary Agreement (between the two countries) that would result in exchange of enclaves," he said in a letter to CPI leader Prabodh Panda....
04:59 PM, May 17, 2012
Mumbai: Authorities are investigating top mobile phone carrier Bharti Airtel under provisions of the money laundering and foreign exchange rules, a minister said, sending its shares down as much as 5.1 per cent. The Directorate of Enforcement is investigating cases against Bharti, Minister of State for Finance SS Palanimanickam told Parliament on Tuesday, but declined to give further details. "It may not be in the interest of the ongoing investigations...
03:41 PM, May 15, 2012
They are either too busy debating a 60-year-old cartoon or walking out of the House over dubious deals - the rare show of solidarity when the Parliament completed its 60 years notwithstanding. The common citizens, meanwhile (at least those who had TV), were being subjected to one of the most televangelical moments on Indian TV when actor Aamir Khan was taking the nation through the murky terrain of its chequered...
12:02 PM, May 15, 2012
Mumbai: A 25-year-old man from Buldhana has been arrested by the Mumbai Cyber Crime cell for allegedly creating a fake profile on Facebook using a woman's name, and using it to first befriend, then harass a media professional in Mumbai. The victim, Kalpana (name changed), realised that the accused Shyam Gajanan Bahekar was actually a man and refused to speak with him. Shyam allegedly posted her name and number on...
02:42 PM, May 11, 2012
New Delhi: The Bombay High Court cleared the path for 21-year-old Bidhan Barua to undergo a sex change surgery. Bidhan had approached the court after his family threatened him against the surgery. The 21-year old spoke to IBN18 Editor-in-Chief Rajdeep Sardesai on how difficult his battle has been. Following is an excerpt from Rajdeep Sardesai's interview with Bidhan Barua: Rajdeep Sardesai: Bidhan, you virtually went against your family for this...
08:06 AM, May 08, 2012
Mumbai: The Bombay High Court on Monday cleared the path for 21-year-old Bidhan Barua to undergo a sex reassignment surgery. Guwahati based Barua had approached the Bombay High Court after his family threatened him when he was in Mumbai for his operation. This comes after the state and the centre government told the court they had no objection to such a procedure. Last month in the petition, Bhidan, who feels...
09:40 PM, May 07, 2012
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