Majority of the losses stemming from Air India which could lose over Rs 8000 crore. ...
08:30 PM, Nov 14, 2011
New Delhi: Lead auditor of the 2G report RP Singh on Monday appeared before the Joint Parliamentary Committee looking into the scam. According to sources, RP Singh has stuck to his stand. He has reportedly said he acted on orders from above. Singh had given a report of estimating the loss from sale of 2G spectrum at 2001 rates at Rs 2645 crore, but was asked to sign a report...
02:07 PM, Nov 14, 2011
New Delhi: More proof of the split in the CAG office has surfaced over the calculation of 2G losses. CNN-IBN has copies of top secret notes exchanged between Deputy CAG Rekha Gupta and DG (Audit) RP Singh which shows that Singh was being coerced into toeing a line that Gupta and CAG Vinod Rai had already worked out. A letter written by Gupta accused Singh of not auditing the 2G...
06:04 PM, Oct 28, 2011
New Delhi: Fresh controversy is set to erupt over Comptroller and Auditor General (CAG) Vinod Rai's loss estimates on the 2G spectrum sale. CAG documents accessed through Right to Information Act (RTI) by accused show that CAG overruled its own auditor on 2G loss calculation. According to Director General Audit (Post & Telecommunications) RP Singh the issue of Unified Access Service (UAS) licences and allotment of 2G spectrum caused a...
01:48 PM, Sep 28, 2011
Benjamin Graham once famously said, The investors chief problem " and even his worst enemy " is likely to be himself. So, what is it that drives these frequent blips in investment behaviour? Over-confidence is probably the single most lethal error. It may seem bizarre, but repeated academic research has proven that the more complex the task, the more inappropriately over-confident we are. Not surprising then that most investors are...
10:48 AM, Sep 28, 2011
London: One man armed with only a computer terminal humbled a venerable banking institution yet again. This time it was Swiss powerhouse UBS, which said on Thursday that it had lost roughly $2 billion because of a renegade trader. The arrest of 31-year-old equities trader Kweku Adoboli in London is one more headache for troubled international banks, and fresh proof that they remain vulnerable to untracked trading that can produce...
08:52 AM, Sep 16, 2011
New Delhi: Suresh Kalmadi, lodged in Tihar jail for over two months in connection with the multi-crore CWG scam, is suffering from dementia, a disease related to memory loss, impaired reasoning and personality changes and this may have a bearing on his ongoing trial. The 66-year-old MP from Pune was recently taken to Lok Narayan Jai Prakash Hospital where an MRI scan was conducted on him. The tests show that...
08:04 PM, Jul 24, 2011
Patna: Fourteen working Public Sector Units in Bihar are in bad shape and have incurred an aggregate loss of Rs 1187.37 crore, according to a CAG report for the year ended March 31, 2010. The CAG report pointed out that the state had 65 PSUs as on March 31, 2010, including 61 companies and four statutory corporations as against 63 PSUs comprising 59 companies and four statutory corporations on March...
04:03 PM, Jul 20, 2011
London: Socialite Kim Kardashian says she will start using a weight loss supplement in order to get in shape for her wedding. Kardashian - who will marry basketball star Kris Humphries later this summer - will be taking QuickTrim, the supplement that helped her shed 6.8 kg in the past, reports femalefirst.co.uk. When one of Kim's Twitter followers tweeted her on microblogging site, "On my way to GNC to buy...
12:31 PM, Jun 22, 2011
Los Angeles: Despite all the "Biggest Loser"-type shows on TV, all the pounds shed by their contestants and all the weight-loss products purchased by viewers, America continues to be the Biggest Gainer. At least 10 weight-loss shows are airing these days, and on "The Biggest Loser" alone, this season's three top finalists dropped a combined 365 pounds. Yet the rest of us are just getting chubbier, with obesity rates in...
12:10 PM, May 31, 2011
New Delhi: Air India management has not learnt from mistakes. Despite running losses of over Rs 13000 crore, the management continues to take decisions that only pull the Maharaja deeper towards destruction. Everyone thought the pilots strike would wake up the Air India management and start a process that would eventually lead the airline on a path to recovery. On the contrary, mismanagement continues. CNN-IBN has learnt that Air India...
08:21 PM, May 24, 2011
New Delhi: Over Rs 2,000 crore was lost by the country's banking sector in frauds during 2009-10 with more than 200 of these incidents involving deception of above one crore each, CBI Director A P Singh has said. The CBI chief has warned the banks of latest trends emerging in banking frauds in areas like electronic payments, technology-related payments like RTGS, credit cards, ATM, cell banking, internet banking among others....
10:10 AM, May 22, 2011
New Delhi: Strike by Air India pilots was called off late on Friday night. The strike ends after a 10-day standoff between the government, Air India management and pilots. Indian Commercial Pilots Association (IPCA) said all the striking pilots sacked and suspended are being reinstated. All pilots will go back to work after 10 pm on Friday. Over 800 pilots, belonging to the erstwhile Indian Airlines and owing allegiance to...
09:07 PM, May 06, 2011
New Delhi: Strike by Air India pilots was called off late on Friday night. The strike ends after a 10-day standoff between the government, Air India management and pilots. Indian Commercial Pilots Association (IPCA) said all the striking pilots sacked and suspended are being reinstated. All pilots will go back to work after 10 pm on Friday. Over 800 pilots, belonging to the erstwhile Indian Airlines and owing allegiance to...
09:07 PM, May 06, 2011
Sydney: If you think passing a nasty remark to your obese friend can compel him into doing something about his waistline -- think again. A new finding suggests that shaming your overweight people can be counterproductive. The findings reveal weight stigma can have a negative influence on people's motivation to exercise, says Lenny Vartanian from the University of New South Wales. "Research tells us that shaming overweight and obese people...
12:34 PM, May 04, 2011
![Robin Pathak]( "Robin Pathak")
These days it has become a fashion to yell asking for shutting down National career Air India. Some with vested interest, while majority others without ...
07:25 PM, May 03, 2011
New Delhi: On June 8, 1948, the Malabar Princess took off from Bombay, bound for London, via Cairo and Geneva. The flight of the Lockheed Constellation created history - it was Air India's first international flight. The airline that JRD Tata nurtured and the first airline in the world to have an all jet fleet, is now reduced to passenger unfriendly and loss-making organisation. Air India is now losing Rs ...
10:11 PM, Apr 29, 2011
New Delhi: On June 8, 1948, the Malabar Princess took off from Bombay, bound for London, via Cairo and Geneva. The flight of the Lockheed Constellation created history - it was Air India's first international flight. The airline that JRD Tata nurtured and the first airline in the world to have an all jet fleet, is now reduced to passenger unfriendly and loss-making organisation. Air India is now losing Rs...
10:11 PM, Apr 29, 2011
London: Spicing up the daily diet with some red pepper can curb appetite and help burn unwanted calories, a study says. "We found that consuming red pepper can help manage appetite and burn more calories after a meal, especially for individuals who do not consume the spice regularly," said Richard Mattes, professor of foods and nutrition at Purdue University, who led the study. "Dietary changes that don't require great effort...
01:17 PM, Apr 27, 2011
