IDFC PE picks up 17% stake in SE Forge for Rs400 cr
IDFC PE picks up 17% stake in SE Forge for Rs400 cr
India, Russia extend military commission tenure till 2020
New Delhi and Moscow will form an apex body headed by the defence secretaries of the two countries to coordinate operation of several working groups for military cooperation
‘RBI to keep benchmark interest rates unchanged’
NEW DELHI: The Reserve Bank of India (RBI) is likely to keep benchmark interest rates unchanged in its upcoming policy in the light of moderating inflation and adverse impact of global turmoil on liquidity, a Citigroup report said.
“With headline inflation moderating coupled with the global turmoil, the odds of the RBI keeping rates on hold are also rising,” the report said.
RBI could ease monetary policy by mid-2009 when inflation moderates to the 8 per cent level, it said.
While the US liquidity shocks didn’t help, the tight funding conditions have more to do with India-specific factors, brought about initially by RBI tightening moves to fight soaring inflation, it said.
Domestic liquidity conditions, which have remained in the deficit mode since the last few months, took a turn for the worse due to currency intervention to stem rupee weakness caused by capital outflows and also outflows on account of advance tax payments and bond auctions, it added.
But funding conditions should improve with the new RBI liquidity measures and as the government steps up the disbursement of funds parked with the central bank.
In an effort to ease inject liquidity in the system, it said, RBI indirectly reduced the statutory liquidity ratio (the amount banks must invest in government bonds) to permit greater access to liquidity under the liquidity adjustment facility (LAF) as well as conducting LAF twice daily starting from September 16.
In addition, RBI also raised the interest rate cap on non-resident deposits to attract capital flows.
Asian stocks end negative
sian stocks fell for the fifth day after Fortis received bailout and the UK seized Bradford & Bingley, fueling concern a US financial rescue plan will fail to stem a wave of bank failures.
Mining and shipping companies declined, led by BHP Billiton and China Cosco Holdings Co. after commodity prices and cargo rates slumped.
Japanese benchmark index Nikkei lost 149.55 points, or 1.26%, to end at 11,743.61.
Hong Kong`s index Hang Seng decreased 801.41 points, or 4.29%, to end at 17,880.68.
China`s Shanghai Composite fell 3.72 points, or 0.16%, to end at 2,293.78.
Taiwan`s Taiex index dropped 131.20 points, or 2.16%, to settle at 5,929.63.
South Korea`s Kospi index slipped 19.97 points, or 1.35%, to end at 1,456.36.
Singapore`s Straits Times slipped 50.12 points, or 2.08%, to close at 2,361.34.
Sensex provisionally closes 3.6 pct down
NEW DELHI (Reuters) – The BSE Sensex provisionally fell 3.61 percent on Monday as a spreading global financial crisis kept investors nervous, with top private sector lender ICICI Bank leading the losses.
The 30-share BSE index provisionally closed 472.58 points down at 12,629.60, with all but three of its components falling.
The 50-issue NSE index provisionally lost 2.9 percent to 3,869.65.
Govt pledges assistance to Teson Trims workers
The Victorian Government has promised to assist workers who have lost their jobs with the closure of a car parts manufacturer.
Almost 130 employees of Teson Trims will lose their jobs next month when the company closes its plants at Euroa and Mitcham.
The company went into voluntary administration earlier this month, owing $2 million to its creditors.
But the administrator said today it had been unable to find a buyer.
Victoria’s Finance Minister, Tim Holding, says the Government will do all it can to support the employees.
“We have in place programs that can support the re-skilling and re-training of workers who face this sort of situation,” he said.
The firm will start winding down in a fortnight.
Photographer sues over stolen Marilyn Monroe nude pics
Washington, Sept 27 : A photographer is suing two men who are said to have stolen some of late American actress Marilyn Monroe’s nude pictures that he had taken.
he photographer, Bert Stern, had taken the famous Last Sitting series of photos of Monroe, just six weeks before she died from a drug overdose in 1962.
In his claims, Stern said that seven of the famous photographs, showing the tragic star posing naked behind a transparent white gauze, were never returned to him by editors of Eros magazine.
The pictures had been loaned to the now-defunct magazine more than 40 years ago.
In the lawsuit he filed in New York against Michael Weiss and Donald Penny, he claims that the snaps are in their possession and alleged that they had even attempted to sell them back to him.
Stern claims the photos are worth 100,000 dollars each, and is suing for 700,000 dollars and 1 million dollars in punitive damages and legal fees.
Indo-Asian News Service
Indo-Asian News Service
Monday, September 29, 2008: (Chennai):
Confusion over the ownership of a Kannada film’s Tamil remake rights has resulted in a series of complaints being lodged with the Tamil Film Producers’ Council (TFPC), sources said.
While director S S Joe complained to the TFPC that producer duo V A Dorai and Sathaji were unduly interfering with his “creative work” of Nai Kutty launched earlier this week, another person R Siva claimed ownership over it since it is a remake of Kannada hit Nanda Loves Nanditha, said top TFPC sources.
Though the producer duo had billed Joe as the scriptwriter and director of the Tamil venture, he was absent during the inaugural shot and has since then dropped out of sight, media reports said.
The movie’s hero Prasanna had openly admitted Nanda… was the original source of Nai Kutty in a media interview.
Citing this in his complaint to TFPC, Siva claimed that the Kannada original’s director Vijay Kumar had gifted the rights to him after a stint as assistant director.
Nanda…, a successful debut of Kannada star Yogesh, is all about mercenary’s love affair. Dorai and Sathaji were not available for comment.
Actor Saif Ali Khan may be arrested for assaulting photo journos
Patiala, Sept 29 : Bollywood actor Saif Ali Khan is likely to be arrested on Monday for allegedly assaulting photo journalists during the shoot of a film here last night.
Following a tiff with photo journalists, the Railway Police have registered a case against Saif for allegedly threatening to kill and assault after the journalists lodged a complaint against him and his security guards on the charge of manhandling them.
The case was registered under sections 506 (threatening to kill), 341 (assaulting), 536 (cause of damage) of IPC, sources said.
According to reports, two photo journalists — one belonging to a newspaper and the other to local TV news channel — were trying to click photographs of Saif at the railway station where the shooting of the film, named ‘Three Idiots’, was on.
When they were taking shots of the shooting of the movie, Saif objected and his security staff allegedly took away the cameras of the duo.
The actor lodged a complaint against them with the railway police station of Patiala.
The two journalists also lodged a complaint against Saif and his security guards on the charge of manhandling them.
However, investigations are still on in this connection.
“‘Neninthe’ was my genuine effort…” – Puri Jagannadh
| Stepped in to Telugu cinema as a director with Pawan Kalyan starrer ”Bhadri”, Puri Jagannadh has made super hits like ”Idiot”, ”Itlu Sravani Subrahmanyam”, ”Amma Nanna O Tamil Ammai” and a lot more movies on his journey in Tollywood, as a director, writer & producer. He had carved a niche for himself by his disparate style of movie making. ”Pokiri” directed by Jagannadh, has re-written the 75 years history of Telugu cinema success. Right now he is directing ”Neninthe” with Ravi Teja in the lead. The shooting is undergoing a brisk progress.
This ace director was born on 28th of September. On this occasion, Indiaglitz shared a tad part of his thoughts on the movies made in Tollywood. Here, we present the excerpts from the chat. |
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Kylie Minogue to pen West End Musical based on her greatest hits
London, Sep 27 : Popstar Kylie Minogue is penning a West End musical around her greatest hits.
The singer, who has hinted that the musical will be a treat for the eyes, is co-writing it with Aussie novelist and pal Kathy Lette.
Kylie’s sister Danni Minogue is also helping in the project.
The team is hoping that the musical will be made into a movie.
“We’ll weave all her hits together into a great storyline. Kylie never does anything naff. She’s got a finely tuned c**p antenna and we don’t suffer from an irony deficiency,” The Sun quoted Kathy Lette, as saying.
However Kylie might have to record a few songs, as they are not adequate sad songs for the play’s weepy moments.
It is being said that the musical could rival West End hits We Will Rock You, with songs by Queen, and Mamma Mia!, based on the music of Abba.
Aguilera encourages fans to cast votes for upcoming US elections
London, September 27 : Christina Aguilera has encouraged fans to head towards the US polling stations for the upcoming Presidential elections.
The American pop and R&B singer showed up at the ‘Rock The Vote’ party at the Esquire House on September 25 to encourage the public to voice their opinion in the political ballot.
“Everyone that is able to have an opinion should let it be heard and should voice it,” the Sun quoted her as saying.
However, the singer admitted that in the mean time she wouldn’t mind if the fans popped in to buy her new single “Keeps Gettin’ Better”, which is set to hit the market on November 3 – a day before the US election.
Christina, who recently put up a splendid performance at the MTV Video Music Awards, is scheduled to release her greatest hits album of the same name in the following week.
Renee Zellweger to turn into hapless British singleton again
London, September 27 : After receiving rave reviews for her role in ‘Bridget Jones’s Diary’, Oscar-winning actress Renee Zellweger is set to play another luckless singleton in an adaptation of racy writer Kathy Lette’s new novel.
The American actress, who is admired for doing perfect British accents, will be star in the racy writer’s ‘To Love, Honour And Betray (Till Divorce Us Do Part)”.
The novel is a story of a woman in her thirties, recently divorced, struggling to get used to her new single lifestyle in her new Australian home.
The 49-year-old writer is said to be thrilled with Renee doing her love lacking ill-fated protagonist onscreen.
“I am so excited,” the Daily Express quoted the writer as saying.
She said: “The premise struck a chord with her: she knows the place where it’s set, Cronulla Beach in Sydney. She visited it as a kid.
“We know how good she is at British accents.”
“She’s the perfect age. She’d be great,” the writer added.
Julianne Moore shocked by ‘Internet hubby’!
Washington, Sep 27 : Hollywood actress Julianne Moore was shocked when an anonymous man claimed to be her ex-husband.
The ‘Evolution’ actress was all at sea when she was informed about a posting on the Internet Movie Database (IMDb.COM), which stated that she was married to Sundar Chakravarthy from 1983-1985.
The 47-year-old has emphasized upon the fact that she has nothing to do with this man, whom she has never even heard of.
“I was in an interview, and a journalist said, ‘You’ve been married three times.’ And I said, ‘No.’ She said, ‘It’s on the internet,’ so I checked it out,” Contactmusic quoted Julianne, as saying.
“There’s a person online who claims to have been married to me from 1983 to 1985. His name is Sundar Chakravarthy. I’ve never heard of him,” she added.
Julianne has been married twice, once to John Gould Rubin, whom she divorced in 1995, and her current spouse is Bart Freundlich.
Russell Crowe finds bride for 2-year-old son – Nicole Kidman’s daughter!
Washington, sep 27 : Hollywood actor Russell Crowe has picked out a bride for his 2-year-old son Tennyson- 2 1/2-month-old Sunday Rose Urban.
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The ‘Gladiator’ star said jokingly that when actress pal Nicole Kidman and hubby Keith Urban saw his son, made the ‘announcement’.
“Nicole had one look at my younger son Tennyson, and looked up at me and said, ‘I’m a great believer in arranged marriages,” People magazine quoted Crowe, as saying.
“I believe she made the connection between Sunday and Tennyson now – so Tennyson is already engaged!” he added.
Crowe was more than delighted to meet Kidman’s daughter, who he thinks is utterly charming.
“Nicole and Keith brought Sunday Rose around on a Sunday, which I thought was appropriate. But Sunday Rose is a beautiful child with beautiful delicate features and it was fun when she brought her around Sunday – it was nice,” Russell said.
Crowe, has two children with wife Danielle Spencer and emphasizes that fatherhood is pretty delightful experience.
“It’s the most fantastic thing I’ve ever experienced, and it continues to get more fun and more complex with every day,” he said.
A ‘mere’ commentator or an ‘actor’: HC to decide
Mumbai: Fans of cricket commentator Harsha Bhogle may not be too happy to hear that “anybody who is proficient in English and has some knowledge of cricket” can do his job. But it was exactly what the income-tax (I-T) tribunal had stated, dismissing his tax exemption plea on May 27,2002.
Bhogle had contended that he was an “actor or an artist”, who fell within the ambit of section 80RR – introduced in the Finance Act, 1969,in 1970 – and was entitled to the deduction of a specific amount in computing the total amount of taxable income.
Bhogle appealed against the findings of the I-T tribunal in Bombay high court in November 2002. Anuradha Mane , special counsel for the I-T department, said that the case came up for final hearing last week, but was adjourned for another week.
In his appeal to the HC, Bhogle, citing the dictionary meanings of the words “actor” and “artist”, stated that the I-T tribunal erred in holding that he was not an actor or a public performer.
The tribunal held that Bhogle “is not doing any creative work, exhibiting any human skill, imagining anything in his mind and consequently is not an artist.” He is “merely” commenting on the performance of every player in a cricket match, which was nothing “exceptional”. Bhogle in his defence contended that TV presenters the world over were treated on a par with actors.
Section 80RR refers to Indian authors, playwrights, artists, musicians, sportsmen and actors who earn from foreign governments for their work. Under the section, 75% of the total earnings from foreign governments is exempted from tax.
While filing his returns a decade ago, for the financial year 1997-98,Bhogle who functions under the title Bhogle Infoturf had declared Rs7,47,026 has his annual income. However, he was engaged by international agencies, like BBC, Star TV, Transworld International (UK), as radio and TV commentator and presenter. On his income of Rs26,42,511 from these foreign agencies, Bhogle had sought an exemption of tax on Rs19,91,588 (75% of Rs 26,42,511).
Howard set for Barnsley exit
Midfielder Brian Howard could have played his last game for Barnsley.
Howard, who skippered the Tykes during their run to the FA Cup semi-finals last season when they saw off Liverpool and Chelsea, was left out of the squad for their weekend draw with Norwich.
The Oakwell outfit have now confirmed that the popular player has rejected all offers of a new deal with the Championship club, having made his desire to move on known during the summer.
Barnsley are now looking to secure Howard’s exit as soon as possible, although the situation is made more complicated with the transfer window now closed until January.
One possible solution would be for the midfielder to leave on loan now, with a permanent deal then completed during the winter transfer window.
Sheffield United have already been linked with Howard’s services, although manager Kevin Blackwell remained coy over the rumours at the weekend.
Security concerns don’t bother us: Sachin
“I don’t think it (security concerns) bothers us. This (India) is our homeland. In our homeland, I don’t think anyone can harm us,” Tendulkar told reporters at M Chinnaswamy Stadium, where a camp began for players.
The first Test against Australia starts here on October 9.
“We have full confidence that nothing bad will happen. This is our homeland, we should be free to move wherever and whenever we want,” the master batsman said, replying to questions whether security concerns bothered players.
“I don’t think there will be security concerns as such”.
Tendulkar said he cannot comment on what Australians feel (about security concerns) but maintained that he does not definitely think “anyone will look to harm us (Indian players)”.
Rain washes out most of first day at Japan Open
TOKYO (Reuters) – Torrential rain washed out most first-round matches at the $969,000 Japan Open on Monday, but did little to dampen the spirits of local teenager Ayumi Morita.
The world No. 136 beat 53rd-ranked Marina Erakovic of New Zealand 6-1 6-4 after the roof was closed over centre court as the downpours worsened in Tokyo.
“She made a lot of mistakes,” said 18-year-old Morita, who also beat Erakovic in the first round of last month’s Beijing Olympics.
“It feels good to get my first career win at the Japan Open.”
World number five David Ferrer of Spain, American number eight Andy Roddick and Chile’s 11th-ranked Fernando Gonzalez head the $794,000 men’s draw.
Former U.S. Open champion Roddick won the China Open at the weekend while France’s Jo-Wilfried Tsonga, the runner-up at this year’s Australian Open, won his maiden tour title in Bangkok.
Japan’s top player, 18-year-old Kei Nishikori, who in February became the first player from his country to win an ATP Tour title in 16 years, is also playing this week.
Former Japanese number one Takao Suzuki, who pushed Roger Federer to the brink of a shock elimination in 2006, progressed with a 6-3 7-6 six over compatriot Yuichi Sugita.
In other women’s matches completed on Monday, fifth-seeded Estonian Kaia Kanepi beat Czech Lucie Safarova 4-6 6-3 6-4 while Poland’s Marta Domachowska ousted Japan’s Ai Nakamura 6-4 7-5.
Forest are way short – Calderwood
Nottingham Forest manager Colin Calderwood admits his side are “way short” in certain areas of the game.
The Reds are bottom of the Championship after Saturday’s 1-0 loss at Plymouth.
“If there isn’t an improvement in showing a bit of heart at the right time, then of course you won’t win,” he told BBC Radio Nottingham.
“The attitude is ok, but it should be – they’re getting well paid. But in certain areas of the game we are way, way, way short.”
