Kolkata: The chit fund scam in West Bengal is getting bigger with market regulator Sebi turning the heat on over a dozen other companies running similar Ponzi schemes. People are rushing to withdraw Rs 20,000 crore invested in these companies.
Sebi has asked the government to look into the operations of all these companies. One such company is the Rose Valley Group, which has now approached West Bengal Chief Minister Mamata Banerjee seeking protection.
Its chairman Goutam Kundu wrote to the CM on April 23 saying that the group has assets worth Rs 10,000 crore and that his depositors were not at risk. Sebi has been trying for years to shut down Rose Valley but in vain.
The market regulator also has its eyes on MPS Greenery Developers, but the local courts had stayed Sebi's order. But with the spotlight now on these chit funds and the Trinamool Congress facing fire for their negligence, it is unlikely that Mamata Banerjee will bail them out. ...
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09:45 AM, Apr 26, 2013
Kolkata: The chit fund scam in West Bengal is getting bigger. Market regulator Sebi has asked the government to look into the operations of other companies, which could be compromising investor money like the Saradha group. The Rose Valley Group is one of them. The company has approached West Bengal Chief Minister Mamata Banerjee seeking protection. Its chairman Goutam Kundu wrote to the CM on April 23 saying that the...
07:50 AM, Apr 26, 2013
London: Actress Penelope Cruz has gone topless in a steamy intimate scene with co-star Emile Hirsch in an Italian movie "Venuto al Mondo", meaning Twice Born. The movie stars the 38-year-old actress as a single mother who takes her teenage son to Sarajevo, where his father died in the Bosnian war 16 years before. The racy flashbacks show her passionate relationship with lover Diego, played by Hirsch, who stayed behind...
06:37 PM, Apr 24, 2013
Washington: An envelope addressed to Sen Roger Wicker of Mississippi tested positive on Tuesday for ricin, a potentially fatal poison, congressional officials said, heightening concerns about terrorism a day after a bombing killed three and left more than 170 injured at the Boston Marathon. The letter was discovered at a mail processing plant in Prince George's County in suburban Maryland, said Sen Dick Durbin, D-Ill. Wicker's office issued a statement...
05:12 AM, Apr 17, 2013
The artsy video game developed swept the 13th annual ceremony Wednesday with six wins. ...
02:11 PM, Mar 29, 2013
DLF, India's biggest property developer, said its board of directors will meet on Wednesday to consider the sale of shares to institutional and retail investors to comply with the minimum public shareholding rules. ...
12:20 PM, Mar 05, 2013
Spanish actress Penelope Cruz is pregnant with her second child, her publicist confirmed to EFE Tuesday. ...
11:24 AM, Feb 13, 2013
In a case of an elopement gone wrong, two class X students were today assaulted and robbed of jewelry worth Rs 1.5 lakh by friends who had promised to help them in running away from their homes, police said in Jaipur. Police Commissioner BL Soni said it was suspected that the boy died after being thrashed and over 100 policemen were searching for him in Saiwad area near Amer in...
05:31 AM, Feb 03, 2013
The Facebook Hacker Cup, of which the top prize is $10,000, is an annual worldwide programming competition where hackers compete against each other for fame, fortune, glory and a shot at the coveted Hacker Cup. ...
05:21 PM, Jan 16, 2013
DLF will sell its Amanresorts luxury hotel chain back to original Indonesian owner Adrian Zecha for around $300 million. ...
12:58 PM, Dec 19, 2012
London: Bond villain Javier Bardem struggled to play a cyber terrorist in 'Skyfall' because he doesn't know how to use a computer. The 43-year-old actor, who has 20-month-old son Leo with wife Penelope Cruz, says he struggled in some scenes, in which he plays cyber terrorist Raoul Silva, because he knows nothing about technology, reported Showbizspy. However, his incompetence was hidden by clever camera angles. "Cyber terrorism, I don't know...
05:09 PM, Nov 09, 2012
Seattle: Days after launching Windows 8, Microsoft Corp is mounting a strong campaign to win over the software developers it needs to kick-start its new operating system. A lack of apps is Microsoft's Achilles heel as it attempts to catch Apple Inc and Google Inc in the rush toward mobile computing. Windows 8, the new Surface tablet and a range of Windows-based phones - all unveiled in the past week...
11:48 AM, Nov 04, 2012
Mumbai: The CBI on Friday conducted searches at the offices of IRB Infrastructure Developers Limited, in connection with the January 2010 murder of RTI activist Satish Shetty. IRB was, in fact, in news recently over its links with BJP chief Nitin Gadkari. "Searches are being conducted at four premises of IRB in Pune," a senior CBI official said on condition of anonymity without disclosing details. A year before he was...
01:49 PM, Nov 02, 2012
New Delhi: The teenaged boy, whose purported murder had sparked off riots in Madhubani district of Bihar, has been handed over to the state police by a court here to take him back as a case of kidnapping was lodged against him. Additional Chief Metropolitan Magistrate Raghubir Singh gave Bihar police the transit remand of 17-year-old boy who was spotted by a man from the state in Mehrauli here along...
08:55 PM, Oct 17, 2012
New Delhi: Smartphone apps are serious business, though developers of Android apps were left in limbo. In India, developers were only allowed to publish free apps, and this had limited the potential for innovative apps because of lack of incentive. Recently, India has made it in to Google's official list of countries where developers can register as certified Google Checkout merchants, thus allowing Indian developers to put out paid apps....
02:13 PM, Sep 24, 2012
Bangalore: About 3,500 young developers logged into Microsoft's Windows 8 OS in Bangalore on an 18-hour coding spree to develop a range of applications. "Budding developers, techno freaks and whizkids vied to create a range of applications at an 18-hour coding marathon for the formal launch of the Windows 8 version Oct 26 the world over," Microsoft India chairman Bhaskar Pramanik told reporters. Held at the sprawling Karnataka Trade Promotion...
12:24 PM, Sep 22, 2012
Los Angeles: Actor Tom Cruise was reportedly devastated after then-girlfriend Penelope Cruz dumped him because of the Church of Scientology. Cruise, 50, met Cruz on the sets of their film Vanilla Sky (2001) but their relationship ended in 2004, reported Radar Online. "Tom had absolutely planned on proposing to Penelope, and they had openly discussed marriage during the three years they were dating. Tom was head over heels in love...
08:20 PM, Sep 10, 2012
London: Hollywood beauty Cameron Diaz is reportedly set to shoot scenes in bed with a cheetah for her upcoming film The Counselor. Diaz, 40, has even let the beast roam free around the grounds of her home and this caused some major production problems during shooting, reported Sun online. "When Cameron first started working with the cheetah it was strutting about like it owned the place. But now she's wearing...
07:18 PM, Sep 10, 2012
Cast: Woody Allen, Penelope Cruz, Jesse Eisenberg Director: Woody Allen Woody Allen's new film, 'To Rome With Love' isn't nearly as inventive or as fascinating as last year's Midnight in Paris, but it is nevertheless a light, frothy confection that you'll have trouble hating. Continuing his love affair with Europe's great metropolises, this new film is set in the gorgeous Italian capital, and follows four separate storylines that have nothing...
11:58 PM, Sep 07, 2012
Rajeev Masand says 'To Rome With Love' is alternately whimsical and charming. What do you think? Write your own review and win prizes.
11:51 PM, Sep 07, 2012
