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The Birla Sun Life

The Birla Sun Life Asset Management Company Limited has appointed Mr. A. Balasubramanian as their new Chief Executive Officer. Mr. Balasubramanian is currently the Chief Investment Officer at Birla Sun Life Mutual Fund and will continue to handle this portfolio. He will report on key governance issues to the Board and on business and operating matters to Mr. Pankaj Razdan, Deputy Chief Executive – Financial services, Aditya Birla Group. Mr. Balasubramanian has been with the Fund House since January 1995. Under his leadership as the CIO, over the years, Birla Sun Life Mutual Fund has gained recognition as a consistent performer, across asset classes. Earlier this year the mutual fund created history by becoming the only fund house to have won, in 2 consecutive years, the coveted “Mutual Fund House of the Year” award from CNBC TV 18-CRISIL. This recognition came on the heels of Birla Sun Life Mutual Fund being declared the Debt Fund House of the year at this forum. And prestigious wins at the ICRA and Lipper awards, both of which are considered benchmarks within the industry. Commenting on his new role, Mr. Balasubramanian said, “Birla Sun Life Mutual Fund has gained strong momentum in recent years, with a strong foundation for future growth. Backed by an enviable brand and our committed team, I am confident that we will now take our success to even newer highs.”

For Further Details Visit At:www.prurgent.com/2009-07-29/pressrelease48078.htm

Australia Set To Stick with Johnson

Australia are likely to keep faith with struggling fast bowler Mitchell Johnson for the third Ashes Test against England, starting at Edgbaston on Thursday But Australia captain Ricky Ponting said he was planning to give the left-arm quick a different role to the one he'd played in the first two Tests. Johnson arrived in England with the reputation of being the best pace bowler currently in world cricket.But in the first two Tests of this series, Johnson has taken eight wickets for 331 runs at an expensive average of 41 apiece and conceded runs at a rate of four an over. Johnson's struggles continued during last week's tour game against Northamptonshire, where he had figures of one for 107 from 18.1 overs. He started to lose form during a poor spell with the new ball on the final afternoon of the first Test in Cardiff, where England clung on for a draw, and continued during the home side's 115-run win in the second Test - Australia's first Ashes defeat at Lord's in 75 years.

for further Details Visit At:timesofindia.indiatimes.com/Australia-set-to-stick-with-Johnson-/articleshow/4833523.cms

Test cricket Is the Soul of cricket

Members of the Indian team are enjoying a well-earned break at home and as is their coach Gary Kirsten. CNN-IBN caught up with the Indian coach and quizzed him about the impact of the IPL and his impressions of what went wrong during the ICC World T20.On India's T20 debacle "I don't think we played that well, to be honest. I think we made some mistakes. We have identified the areas where we made the mistakes and we will certainly make sure that our preparation next time around is really built around that. The Indian players have great flair and they play a exciting brand of cricket, something that I have really enjoyed," said Kirtsen.

Source:cricketnext.in.com/news/test-cricket-is-the-soul-of-cricket-kirsten/42821-14.html

Former cricketer committed suicide

Apparently depressed over his financial state, a former cricketer today allegedly committed suicide in Talkatora area here, police said. Shivesh Ranjan Majoomdar (32) allegedly committed suicide by hanging himself at his Rajajipuram colony residence yesterday, they said. He was disturbed over his financial condition that had also led to domestic disputes, police said, adding a suicide note was recovered from his room. Majoomdar was an adhoc employee at Lucknow Development Authority (LDA) for last eight years and earning Rs 3,000 per month. He had represented Lucknow University in North Zone Inter-University cricket championship in 1997 and for almost five years before taking up umpiring.

Source:www.ptinews.com/news/200337_Former-cricketer-commits-suicide-in-UP

Dipika Pallikal

Joshna Chinnappa had made it to the final in 2005 at Herentals, Belgium, before losing to Egypt's Raneem El Weleily in three well-contested games. Born and raised in Chennai, Dipika is already ranked inside the women's world's top 50 (No. 48) and has enjoyed a significant junior career, winning the British Junior U-17 Open title in 2008 and reaching the final in both the British Junior U-19 Open and Asian Junior Championship earlier this year. She played her first international tournament in London when she was in her sixth grade, and till date, Dipika has won the German Open, Dutch Open, French Open, Australian Open, Scottish Open on the European Junior Squash Circuit. Dipika trains at the ICL-TNSRA Academy at Chennai under Cyrus Poncha and Major (rtd) S. Maniam. She has played three times for the country in the seniors tournaments and six in the juniors. According to the WISPA website, Dipika's ambition is to be ranked world number 1, while her hobbies include listening to music and surfing the Internet. Dipika, who is as popular for her looks as for her achievements so far on the squash courts, has been given offers to star in Tamil movies, but has refused them for the moment as she wants to focus on squash.

Source:sports.in.msn.com/stories/article.aspx?cp-documentid=3113175

Afridi Appointed as Captain

Shahid Afridi's dream of leading the Pakistan team came true as the flamboyant all-rounder was today appointed captain for the one-off Twenty20 match against Sri Lanka next month. Pakistan Cricket Board today made an announcement to this effect but there was no mention whether Afridi would continue at the helm of the country's T20 team. Afridi's appointment came as Younis Khan stepped down after leading Pakistan to the Twenty20 World Cup glory in England last month. Younis made it clear that he considered himself too old for the shortest format of the game and would not take back his decision. Afridi, who joined the touring squad for the ODI series and the T20 tie last week, had earlier made it clear that it was his lifelong ambition to lead Pakistan in atleast one international match.

Source:www.ptinews.com/news/200302_Afridi-appointed-captain-for-one-off-T20-against-SL

Bacteria may cause inconsolable crying in babies

Colic is defined as unexplained and severe crying in an otherwise healthy infant three months old or younger, and lasts for more than three hours daily for at least three days a week. "Right now, paediatric gastroenterologists can treat just about anything that comes through the door," said J. Marc Rhoads, professor of paediatrics at The University of Texas Medical School-Houston (UTMS-H), who led the study. But "with colic, there is no evidence-based treatment we can offer. Colic can be a dangerous situation for a baby. The parent's frustration over the crying can lead to maternal frustration, post-partum depression and even thoughts of harming the baby," Rhoads added. The study pointed to an organism called Klebsiella, a normally occurring bacterium that can be found in the mouth, skin and intestines. In the study of 36 babies, half of which had colic, researchers found the bacterium and gut inflammation in the intestines. "We believe that the bacterium may be sparking an inflammatory reaction, causing the gut inflammation," said Rhoads. "Inflammation in the gut of colicky infants closely compared to levels in patients with inflammatory bowel disease. Colic could prove to be a precursor to other gastrointestinal conditions such as irritable bowel syndrome, celiac disease and allergic gastro-enteropathies." "During our study, we also found that the babies that didn't have colic had more types of bacteria in their intestines. The presence of more bacteria may indicate that specific bacterial species (phylotypes) are beneficial to humans," Rhoads said.

Source:timesofindia.indiatimes.com/articleshow/4826133.cms

Aligarh Muslim University

The recent probe against the Vice-Chancellor (VC) P. K. Abdul Azis of Aligarh Muslim University (AMU) by the Ministry of Human Resource Department (MHRD) to form a fact finding committee on AMU has created havoc in the university. The teachers' association wants a free and fair inquiry against the VC whereas the university officials insisted there is nothing to inquire about. The teachers' association has recently passed a resolution stating the VC to resign and also welcomed the HRD Ministry's decision to form a fact finding committee. However, the media advisor of Azis, N. A. K. Durrani said the action of the teachers' association has been manipulated. The ministry officials clarified that the fact finding committee will inquire about the functioning of AMU, which includes the allegations against the VC. The committee was setup after eight members of the Executive Council including Congress leader Wasim Ahmed submitted a 450-page memorandum alleging the VC has committed financial irregularities. AMU Teachers' Association Secretary Jamshed Siddiqui has alleged that the VCs' group has indulged into 'intimidatory tactics' by pressurizing teachers to support VCs' demand for not holding the committee.

For further details Visit at:www.indiaedunews.net/Uttar_Pradesh/AMU_authorities_deny_allegations_against_VC_8906/

New Drug For Heart Attack Patients

There is good news for heart attack patients. Australian researchers have formulated a new drug called Dz13 that can prove really beneficial in enhancing a patient’s cardiac [pertaining to the heart.] health after surviving a heart attack. Heart attack or Myocardial Infarction (MI), as it is medically known, is a life threatening condition. Even if one survives it, the quality of life afterwards suffers a lot. Hence, the new research assumes all the more significance. Dz13 works by affecting the genes [basic, functional units of heredity, each occupying a specific place on a chromosome.] responsible for inflammation, thereby decreasing the muscle impairment following a heart attack. This in turn puts the patient on the fast track to recovery

For Further Details Visit At:www.themedguru.com/20090728/newsfeature/new-drug-speed-post-heart-attack-recovery-86126044.html

Mohali Women Has Swine Flu

A 26-year-old woman from Mohali, who was admitted in Government Medical College and Hospital, Sector 32, on Monday, tested positive for H1N1 influenza on Tuesday. This has taken the number of confirmed swine flu cases in city’s hospitals to five. The patient will be kept in isolation for mandatory seven days.Sources said the woman had been working in Singapore for the past two-and-a half-years and had returned to meet her parents staying in Mohali. UT nodal officer for swine flu, HC Gera, said Mohali health officials had been told to quarantine her family members. Also, a 14-year-old Malaysia-return boy from Panchkula, admitted in GMCH-32 on Monday over suspicion of swine flu, tested negative for the infection.

Source:timesofindia.indiatimes.com/NEWS/City/Chandigarh/Mohali-woman-has-swine-flu/articleshow/4832083.cms

Death Sentence Day

Asking for July 29 to be observed as the ‘death sentence day’ for dowry harassment across the world, Justice V R Krishna Iyer, former judge of the Supreme Court on Tuesday said, “The Indian Dowry Prevention Act is still inadequate. Not a single person has been sentenced to death for dowry harassment till date.” He was speaking at a programme 'India Court of Women on Dowry and Related Forms of Violence Against Women — Daughters of Fire', organised by Vimochana and Asian Women’s Human Rights Council in partnership with about 40 women’s organisations from across the country, in collaboration with Centre for Social Action, Christ University and Centre for Women’s Studies, Dharmaram Kshetram. About 25 women and their families from across the country brought to the Court their personal testimonies of pain, survival and resistance.Danseuse Mallika Sarabhai and others were present on the occasion.

Source:www.expressbuzz.com/edition/story.aspx?Title=Hang+dowry+seekers:+Ex-judge&artid=Hm0OpwDBP6A=&SectionID=Qz/kHVp9tEs=&MainSectionID=wIcBMLGbUJI=&SectionName=UOaHCPTTmuP3XGzZRCAUTQ==&SEO=

Gujarat Government issues termination order To 95 Doctors

Taking a tough stand against the striking doctors, state government on Monday issued termination orders to 95 fourth year resident doctors. Letters of permanent termination were also given to 28 post-graduate doctors who were earlier suspended on charges of molesting nurses on Holi at NHL Municipal Medical College as a punishment for being repeat offenders. This is being seen as the strictest measure ever by this government which already surprised the medical fraternity by invoking Essential Services Maintenance Act (ESMA) against the striking doctors. The government also issued show cause notices to the first, second and third year post-graduate students, asking why they should not be terminated. A high-level meeting, headed by chief secretary D Rajagopalan, reviewed the situation on Monday. The government's action, however, further prompted the doctors to continue with the agitation. Doctors from Surat, Vadodara, Bhavnagar, Jamnagar and Rajkot arrived at BJ Medical College on Monday to express their solidarity and staged a protest.

For Further Details Visit At:timesofindia.indiatimes.com/NEWS/City/Ahmedabad/Gujarat-govt-terminates-95-docs/articleshow/4827891.cms

Pregnant Women With Swine Flu

Pregnant women who get swine flu are at least four times as likely to be hospitalized as other people with the virus, a new study says. While experts don't know if pregnant women are more susceptible to swine flu, they say once pregnant women are infected, they have a higher risk of complications. Researchers at the U.S. Centers for Disease Control and Prevention analyzed the first 34 U.S. cases, including 6 deaths, of swine flu in pregnant women from April to mid-June. They concluded that pregnant women suspected of having swine flu should be given Tamiflu as soon as possible, even before tests confirm the diagnosis. The experts also recommended that pregnant women be among the first in line when a vaccine is expected to be ready in the fall. The study was published online Wednesday in the medical journal, the Lancet. Like the general population, most pregnant women who get swine flu only have mild symptoms like fever and a cough, according to the World Health Organization. Denise Jamieson of the U.S. CDC, the study's lead researcher, said the agency doesn't recommend any special precautions for pregnant women to avoid catching the virus. But if pregnant women do get swine flu, Jamieson said doctors need to act fast, preferably within 48 hours of developing symptoms. "The message is don't delay appropriate treatment because she's pregnant," she said.

For Further Details Visit At:www.google.com/hostednews/ap/article/ALeqM5iW95cAQoVilcayL1dnMq8Ke88MmQD99NVOU00

ISRO Decide To Study Total Solar Eclipse

Almost a week after doubts were raised about the future of India’s unmanned mission to the moon, Chandrayaan-1, following the failure of a crucial sensor on board the spacecraft, its satellite terrain mapping camera (TMC) captured the shadow of the moon on the earth’s surface during the July 22 total solar eclipse. The images were captured by the TMC onboard the 514-kg spacecraft , which is orbiting at 200 km above the lunar surface. The images were released by ISRO on Tuesday.The TMC transmitted the pictures to the space agency’s Deep Space Network at Byalalu. The high resolution images from 7.45 IST, show the lunar shadow spreading its footprint from north-eastern China to northern parts of Australia. ISRO had announced that it planned to study in detail the effects of the total solar eclipse.

Source:www.expressbuzz.com/edition/story.aspx?Title=ISRO+still+over+the+moon&artid=|e8UulXu6hg=&SectionID=Qz/kHVp9tEs=&MainSectionID=Qz/kHVp9tEs=&SEO=&SectionName=UOaHCPTTmuP3XGzZRCAUTQ==

IT Infrastructure

Decreased spending by businesses on IT infrastructure could be an opportunity for software vendors, according to analyst firm Gartner. In a report released July 28, Gartner analysts said they expect businesses worldwide will increase their software spending in 2010, particularly in Latin America and the Asia/Pacific region.Much of that spending will come from savings from tightened infrastructure spending—in such areas as telecommunications, PCs and networks—with businesses looking for what Gartner calls “frontier applications” that are aimed at driving innovation and giving businesses a competitive edge.“Frontier applications make major changes in business performance possible, such as leveraging the Internet for new delivery channels or using Web-based technology to improve self-service capabilities,” Gartner analyst Joanne Correia said in a statement. “Such applications are becoming increasingly essential in today’s competitive business environment.”

For Further Details Visit At:www.eweek.com/c/a/Enterprise-Applications/IT-Infrastructure-Savings-Will-Fuel-Software-Spending-Gartner-388356/

India Unveil First Solar Power Target

India will unveil its first solar power target as soon as September, pledging to boost ouptut from near zero to 20 gigawatts (GW) by 2020 as it firms up its national plan to fight global warming, draft documents show. The target, which would help India close the gap on solar front-runners like China, is part of an ambitious $19 billion, 30-year scheme that could could increase India's leverage in international talks for a new U.N. climate pact in December, one of several measures meant to help cut emissions.If fully implemented, solar power would be equivalent to one-eighth of India's current installed power base, helping the world's fourth-largest emitter of planet-warming greenhouse gas emissions limit its heavy reliance on dirty coal and assuaging the nagging power deficit that has crimped its growth. The "National Solar Mission", yet to be formally adopted by Prime Minister Manmohan Singh's special panel on climate, envisages the creation of a statutory solar authority that would make it mandatory for states to buy some solar power, according to a draft of the plan, which provided detailed proposals for the first time, obtained by Reuters,

For Further Details Visit At:www.reuters.com/article/latestCrisis/idUSDEL104230

Nokia 6760 with QWERTY Keypad

Nokia has announced to roll out its Nokia 6760 slide, a messaging optimized device with a sliding QWERTY keypad. Ideal for individuals who want to stay connected when they are out and about, the Nokia 6760 slide offers fast and easy access to favourite social networking sites like Facebook, MySpace or Twitter as well as email accounts from Ovi Mail, Gmail, Yahoo! Mail, Windows Live Hotmail and thousands of other email providers. Setting up an existing email on the Nokia 6760 slide is simple. Only the email address and password are required. Push email is available through Nokia Messaging.Instant Messaging no longer needs to be confined to a computer as the Nokia 6760 slide also offers access to instant messaging solutions from Google Talk and Windows Live Messenger.In addition to great messaging options, features like the inbuilt A-GPS module together with the 3D landmarks and the terrain maps give a greater dimension to the Nokia 6760 slide.At the end of the day, the Nokia 6760 slide is a great multi-tasker – you can tweet, email, IM, share online, browse the web, listen to music, all at the same time. And it makes phone calls too! The Nokia 6760 slide will be available during the third quarter of 2009 for EUR 199 before subsidies and taxes.

Source:gizmopassion.com/?p=1841

Yahoo-Microsoft

Ever since Microsoft (MSFT) made its $45 billion bid for Yahoo (YHOO) in early 2008, it was clear the software giant was serious about taking on arch-rival Google (GOOG) in the lucrative Internet search business. And now, after more than a year of more limited talks after Yahoo denied that bid, it seems Microsoft has achieved its goal. If reports of an impending deal between the companies prove true, Microsoft will emerge as the clear No. 2 player in search. In a deal that presages its departure from a market it once dominated, Yahoo will essentially scrap its own efforts to best Google in search and instead rely on Microsoft's recently debuted Bing search engine, according to reports in The Wall Street Journal and the BoomTown blog. Ads placed next to those search results would be served up not by Yahoo's ad platform, dubbed Panama, but by a Microsoft technology called AdCenter, says another report from Advertising Age. Yahoo CEO Carol Bartz "is essentially giving up on search," says Danny Sullivan, editor of Search Engine Land.

For Further Details Visit At:www.businessweek.com/technology/content/jul2009/tc20090728_826397.htm

Nokia Strenthening Its Style

Strengthening its style and imaging portfolio, Nokia has rolled out the all-new chic Nokia 6700 Classic and Nokia 6303 Classic, which were launched by Priyanka Chopra. “It is targeted at suave and savvy Indian consumers, who’re looking for superior functionality with premium finish at competitive prices. With the tagline ‘Pictures get us talking’, its new campaign will have a contemporary visual appeal that will bring out how people use the elements of mobile imaging in their way of mobile communication,” says Vineet Taneja, Director Marketing, Nokia India. They are also starting a consumer contest that will give users an opportunity to upload interesting and unique pictures on the Nokia website - www.nokia.co.in and the picture that is the most talked about in the virtual world will emerge as the winner. The winning entry gets a make-over by well-known fashion designer.

For Further Details Visit At:www.indianexpress.com/news/new-on-the-shelves/495393/

The Nokia N86

The Nokia N86 is finally ready to hit the US market. It is the first 8MP camera phone by the company and claims to be one of the best imaging devices currently available. Using reliable materials and scratch resistant hardened glass front, the handset will enhance the experience of photography. The crisp and clear pictures captured by the phone can be viewed on its 2.6-inch AMOLED screen. The large aperture with a speed of 1/1000 seconds enables users to take pictures even in extreme low and bright light conditions. The 8 megapixel camera, dual LED flash and Carl Zeiss optics are the vital features of the mobile phone. Users can share and upload images as well as videos through Ovi Share. They can also organize photos by albums, tags and sync directly with the PC. Favorite game or application can be started automatically through the kick stand and dual slide. The device makes use of Assisted GPS and digital compass which offers speedy and apt location information. Voice guided car navigation and also pedestrian optimized turn by turn guidance is provided by Nokia Maps 3.0. With over-the-air uploads, they can upload and share the multimedia content rapidly.

For Further Details Visit At:www.mobiletor.com/2009/07/28/nokia-n86-coming-to-us/

Airtel Broband Rates

The broadband war is all set to heat up as Bharti Airtel slashes rates. Subscribers will be able to experience 1 Mbps surfing speeds from Airtel at Rs. 1,699 per month, which is Rs. 100 more than current 512 Kbps. The 512Kbps speed plan will now cost Rs. 1,099, which is Rs. 200 more than current 256 Kbps. For Rs. 1,699, subscribers will be offered 1Mbps surfing speeds, along with a free VAS bundle from Airtel worth up to Rs. 500 every month. This bundle would include gaming on Games on Demand, Anti-Virus software PC Secure, Airtel Speed on Demand, and Online Desktop. While for Rs.1,099 per month, subscribers will get to experience 512 Kbps broadband speeds along with Rs. 100 worth of free call value per month. According to Hindustan Times, state-owned Mahanagar Telephone Nigam Ltd. (MTNL) and Bharat Sanchar Nigam Ltd. (BSNL) have said that they would offer services at lower than Bharti prices.Get set for a speedier broadband experience for less. It only gets better!

Source:www.techtree.com/India/News/Airtel_Slashes_Broadband_Rates/551-104902-643.html

NHPC IPO To OPen On August 7

SK Garg, CMD, NHPC said, IPO price band set at Rs 30-36 per share. “The price band is based on 2 times price-to-book ratio," he said. The IPO issue will open on August 7 and close on August 12," Garg added. He further said, the overall mandate from the government is 24%, but they have asked the company to go for in the first tranche with only 10% of fresh equity and plus 5% of disinvestment. “We have mandate to issue up to 24% stake,” he added. The company’s current capacity was at 5175 MW and plans to increase to 9600 MW by 2013, Garg added.

For Further Details Visit At:www.moneycontrol.com/india/news/ipo-issues-open/nhpc-ipo-to-openaug-7-price-band-set-at-rs-30-36/sh/408380

NIfty Falls Below 4500 levels

Markets have slipped sharply in the afternoon trades after a sudden bout of selling I scrips across the sectors have dragged the Nifty below the 4500 levels. Sentiment was badly hit after the Shanghai index in China crumbled by 5% led by fall in metals and reall estate stocks. Among the 30-components of Sensex, 29 stocks are in the negative terrain and only TCS is in the green. Among the major laggards are, ICICI Bank, Reliance Industries, HDFC, L&T, Infosys and DLF. At 12:04 pm (IST), the BSE 30-share Sensex slipped 306 points at 15,020 and the NSE Nifty was down 103 points at 4,461.

Source:www.indiainfoline.com/news/innernews.asp?storyId=109936&lmn=1

Indian Rupee Fell BY 21 paise Against Dollar

The Indian rupee today fell by 21 paise against the dollar in early trade due to strong demand for the US currency from refiners and importers amid the greenback firming against other Asian currencies. At the Interbank Foreign Exchange (forex) market, the domestic currency was quoted at 48.37 a dollar, a fall of 21 paise over the previous close. The rupee had lost 4 paise to close at 48.16/17 against the US currency yesterday. Dealers said month-end demand from refiners and importers and firming dollar against some other Asian currencies mainly put pressure on the rupee. Expectations of capital outflows by foreign funds as stock markets may extend yesterday's losses in tandem with other weak Asian markets, also weighed on the rupee, they said. The Bombay Stock Exchange index, Sensex, yesterday ended 43.10 points down at 15,331.94.

Source:/ptinews.com/news/200052_Rupee-falls-by-21-paise-in-early-trade

Reserve Bank Raise GDP Growth Projection

The Reserve Bank of India (RBI) on Tuesday kept all indicative policy rates unchanged, while raising the growth projection for gross domestic product (GDP) for 2009-10 to 6 per cent with an upward bias and inflation to 5 per cent at the end of March 2010 from 4 per cent. “We have adjusted the policy rates several times in the last ten months. Currently, the repo rate is at 4.75 per cent, the reverse repo at 3.25 per cent, and the CRR (cash reserve ratio) at 5 per cent. Consistent with our current assessment of macroeconomic and monetary conditions, we have decided to keep all these rates unchanged,” said RBI Governor D. Subbarao here while reviewing the first quarter of its Annual Policy 2009-10.As liquidity remains ample, said Dr. Subbarao, the competitive pressure on banks to reduce lending rates had increased. Consequently, the transmission of policy rate changes to bank lending rates had improved since the last Annual Policy Statement in April 2009.“As the short-term deposits contracted earlier at high rates mature and get repriced, it opens up room for banks to further reduce their lending rates,” said Dr. Subbarao after meeting bankers on Tuesday. Bankers generally welcomed the Reserve Bank’s policy stance, the Governor said.

For Further Details Visit At:www.hindu.com/2009/07/29/stories/2009072956731600.htm

Gammon India

The stock opened at Rs 145 and tumbled 13% to a low of Rs 130. It has recovered partially and is now down 5% at Rs 141. The counter has clocked relatively heavy volumes of 666,991 shares as against its two-week daily average trade of 360,166 shares on the BSE so far. In the process, the stock dropped 38% from a high of Rs 178 on July 13, after the mishap, to a low of Rs 118 yesterday.The company has been served a show cause notice by the Delhi Metro Rail Corporation (DMRC), asking it to state why it should not be banned for two years and debarred for bidding contracts under phase IV of the project. This comes a little over a month after an accident at the site claimed six lives and prompted DMRC chief, E Sreedharan to submit his resignation. The probe panel has held Gammon India respondible for the mishap.

Source:www.business-standard.com/india/news/gammon-plunges-13dmrc-notice/69232/on

Kingfisher Airlines

Kingfisher Airlines plans to raise Rs 500 crore. Vijay Mallya, Chairman, Kingfisher Airlines, says the airliner is mulling a rights and depository issues for fund raising. "Kingfisher's total debt today is approximately Rs 6,000 crore. That is why the board decided that rather than go for more debt, we will raise equity. This does not take into account any potential change in government policy for FDI. We have decided go to the Indian equity market. We have multiple options. We will appoint a merchant banker and decide the way forward very quickly." According to him, Kingfisher has been able to compete with low-cost and full-cost carriers. He says his airline is determined to stop losses and is not just looking at upping market share. "What we need to ensure now is that we sustain this through to the peak where hopefully income and earnings will improve. But I am determined to stop these losses. I will do whatever it takes. I am not after market share only. Yes, we are proud to be India's largest airline but not at the cost of shareholders."

Source:www.moneycontrol.com/india/news/business/kingfisher-airlines-to-raise-rs-500cr-via-equity-/408522

Sensex Falls Down

The BSE Sensex bounced around its previous close on Wednesday as recent market momentum across Asia seemed to be waning and weak results from Reliance Industries and Hindustan Unilever dented investor confidence. eading lenders ICICI Bank and State Bank of India, outsourcer Infosys Technologies and top realty firm DLF were among the major losers.Motorcycle maker Hero Honda bucked the trend and rose 1.9 percent to 1,704.90 rupees ahead of its quarterly results, scheduled to be released in the afternoon. By 11:22 a.m. (0552 GMT), the 30-share BSE index was down 0.3 percent at 15,287.66 points, with 18 stocks declining, after rising as much as 0.3 percent earlier. "The market is in consolidation mode. Since the large caps have already run up quite a bit, they are taking a breather," said Gajendra Nagpal, chief executive of Unicon Financial Intermediaries.

For Further Details Visit At:/in.reuters.com/article/businessNews/idINIndia-41388020090729

Reliance Energy Generation Ltd.

About 50 kilometers (31 miles) east of New Delhi, along a rutted dirt track through fields of corn and barley, lies an empty plot of land where a power plant was supposed to have stood, pumping electricity to alleviate blackouts in India’s capital. Instead, there are rows of freshly planted saplings, two rusting corrugated metal sheds and a sign on one of them reading, “Reliance Energy Generation Ltd.” The plant is four years late and a victim of a corporate feud between India’s richest resident billionaires, Mukesh Ambani, 52, and his brother Anil, 50. The two split the Reliance group in 2005 following a fight for control, three years after their father and the company’s founder, Dhirubhai Ambani, died without leaving a will. The conflict has persisted with a legal spat over supply of gas from Mukesh’s company that Anil’s plant needs.

For Further Details Visit At:www.bloomberg.com/apps/news?pid=20601087&sid=a7izGOqvsu8M

Tata communications Start Patnership with F-secure

Tata Communications and F-Secure today announced a new partnership to offer mobile phone security services to the Indian mobile subscribers. Targeted towards the 50 million smarphone users in India, the services would provide a Mobile Security package including virus protection, malware protection and an integrated firewall. The application is available as ready to install from the tie-ups website. The solution supports leading mobile operating systems such as Windows Mobile, Symbian and UIQ.As part of limited period offering, the solutions are available at 30 % discount and for 30-day free trial. “Mobile security must not be an afterthought. We, at Tata Communications are committed to provide customers with the easiest and the most comprehensive security solution for all devices (PC, Server, Mobile). We are pleased to be in association with F-Secure to offer mobile security solutions to our subscriber base, suitable for their needs,” said Mukul Sood, Vice President, Content and Applications, Tata Communications Ltd.

For Further Details Visit At:www.telecomtiger.com/Handset_fullstory.aspx?storyid=6720&section=S182

Kingston 300 USB Flash Drive

Kingston has announced to launch its new DataTraveler 300 USB Flash drive. It’s said to be the world’s first 256 GB USB Flash drive. kingston-datatraveler-300-worlds-first-256-gb-usb-flash-drive It carries the highest capacity available on the market. Up to 90% of the drives content can be password protected and conveniently accessed due to the new Password Traveler software.No administrator rights are required. Fast transfer speeds guarantee smooth data flow to your host device. Kingston’s new DataTraveler 300 is a convenient way to store, carry and transfer files. With its 256GB capacity, DataTraveler 300 contains plenty of room for storing photos, music and important files.Secure data with Password Traveler software, which allows you to create and access a password-protected, secure area of the drive called a “Privacy Zone.” It’s available in Far East, Europe, Middle East & Africa only.

Source:www.duniyalive.com/?p=48205

Microsoft Portable xbox System

It's no surprise Microsoft is flirting with the idea of jumping into the handheld market. While the company has found success with the Xbox 360, Microsoft has absolutely no portable presence. With all this time outside of the market, Microsoft needs to identify what kind of portable system the company's handheld Xbox will be. We told you about rumors of a Zune-Xbox-cell phone hybrid, but such an ambitious device will be expensive and alienate those who just want a portable gaming system. Microsoft executive Shane Kim recently told Kikizo that Xbox Live is the "connective tissue" that will tie together the company's devices. How that tissue is implemented into a portable device will probably be one of the biggest incentives in owning a handheld Xbox. We'd imagine this connectivity would allow for the transfer of digital media (movies, TV shows) bought on the Xbox Live Marketplace. Better yet, we'd love to see all Xbox Live Arcade games feature an "on-the-go" mode as well.

For Further Details Visit At:news.cnet.com/8301-17938_105-10294413-1.html

Nokia extends style and Imaging Portfolio

Nokia, the world leader in mobile devices has further strengthened its style and imaging portfolio with the launch of the sleek and chic Nokia 6700 Classic & Nokia 6303 Classic. The devices, which were launched by Bollywood diva, Priyanka Chopra, are targeted at the suave and savvy Indian consumers who are looking for superior functionality with premium finish at competitive prices. Nokia also announced that it will continue its association with tinsel town’s reigning queen and Nokia’s youth style icon, Priyanka Chopra who will be seen in a new print and digital campaign being unveiled by the company soon. With the tagline “Pictures get us talking”, the new campaign has a contemporary visual appeal that brings out how people use the elements of mobile imaging in their way of mobile communication rather than just voice.

For Further Details Visit At:www.indianexpress.com/news/Nokia-extends-style-association-with-Priyanka-Chopra/493632/

Microsoft,apple sued over TouchScreens

A company called Tsera has sued 23 electronics companies in federal court in eastern Texas for violating a patent on touchscreens. The suit, filed on July 15, cites Apple's iPod Classic and Nano products, Microsoft (NSDQ: MSFT)'s Zune digital media player, and several other popular devices as violating a patent, "Methods and Apparatus for Controlling a Portable Electronic Device Using a Touchpad," which was granted in 2003. The patent offers a general description of how a user would enter commands on a touchscreen "by tracing patterns with his finger on a surface of the touchpad. No immediate visual feedback is provided as a command pattern is traced, and the user does not need to view the device to enter commands. "A microcontroller within the device matches the pattern traced by the user against a plurality of preset patterns, each of which corresponds to a predefined function or command of the device. If the pattern traced by the user is a reasonably close match to any of the preset patterns, the device performs the predefined function corresponding to the matched pattern. The touchpad replaces the numerous buttons that are typically used to control portable electronic devices, thereby enhancing usability and reducing manufacturing costs." Apple is cited for special censure, and Tsera is seeking treble damages from the company.

For Further details Visit At:www.informationweek.com/news/hardware/handheld/showArticle.jhtml?articleID=218600117

Nanya Technology Not Ruling Out Winbond electronics

Nanya Technology Corp. (2408.TW) isn't ruling out the possibility of acquiring Winbond Electronics Corp. (2344.TW), Nanya spokesman Pei Lin Pai said Wednesday, adding the two chip makers aren't in talks. The comment came after Economic Daily News reported Wednesday that Nanya, its U.S. partner Micron Technology Inc. (MU) and their joint-venture Inotera Memories Inc. (3474.TW) may consider jointly acquiring Winbond to receive investment from the Taiwan government. "We are not ruling out the acquisition possibility, but we don't have such a plan now," Pai said. Officials at Inotera and Micron weren't immediately available for comment. Winbond spokesman Wilson Wen said the company hasn't been approached by the Nanya group regarding a takeover, but it is open to the takeover.The Taiwan government said Tuesday the island's memory-chip makers can apply for government investment if they meet certain criteria, including consolidating through mergers and acquisitions.

Source:money.cnn.com/news/newsfeeds/articles/djf500/200907212349DOWJONESDJONLINE000760_FORTUNE5.htm

Metric Stream Linked a Pack With SigmaQuest

Bangalore-based MetricStream has inked a pact with SigmaQuest, for delivery of end-to-end product quality management and compliance solutions.Announcing the partnership here today, Nader Fathi, CEO of SigmaQuest in a statement said "military and aerospace, electronic manufacturers and FDS-regulated industries, that utilise both companies' software solutions, can get instant feedback on quality throughout their products' lifecycles with this alliance". SigmaQuest, the on-demand leader in scalable solutions for product quality management, helps brand owners and manufacturers worldwide build top quality, electronics-based products for medical device, telecom, military & aerospace, consumer electronics and other industries.MetricStream is a global governance, risk, compliance and quality management solutions provider.

Source:www.business-standard.com/india/news/metricstream-announces-partnershipsigmaquest/68565/on

Samsung Plan To Invest In Green transfomation

South Korea's Samsung Electronics has said it will invest $4.3B (£2.6B) as part of an initiative to develop new energy-efficient products and halve carbon emissions from its factories by 2013.The consumer electronics giant today unveiled its Eco-Management 2013 plan, under which it will spend $2.5B on improving the energy efficiency of its products -- including TVs, refrigerators and air conditioning systems -- with a goal of delivering the highest levels of efficiency in the consumer electronics industry. Under the plan, standby power consumption on many products will also be halved from 1W to just half a watt, while the company has said it will work to identify new recyclable and organic materials that could be used in the manufacture of consumer products such as laptops and mobile phones. Meanwhile, $1.8B will be invested in halving greenhouse gas emissions from Samsung manufacturing plants.

For Further Details Visit At:www.reuters.com/article/gwmCarbonEmissions/idUS185711530120090721

LG reported record Profit On LCD Tv sales

LG Electronics Inc., the world’s third-largest maker of liquid-crystal-display televisions, reported record quarterly profit, fueled by demand for flat- panels TVs, and forecast higher sales in the current period.Second-quarter net income climbed 62 percent to 1.15 trillion won ($917 million), from 706.9 billion won a year earlier, Seoul-based LG said in a statement today. Profit was almost 50 percent higher than the 770.7 billion won median estimate in a Bloomberg survey of 17 analysts.LG Electronics plans to overtake Sony Corp. in terms of LCD TV shipments this year by offering wireless and energy-saving models. The uncertainty in the global economy will continue in the current period, the company said in a statement today.“In short, it’s as good as it gets,” said Lee Jin Woo, a fund manager at Seoul-based KTB Asset Management Co., which manages the equivalent to $8 billion in assets. “What’s more encouraging is that increased brand recognition from LG’s handsets is spilling over to other products such as TVs and home appliances.”

For Further Details Visit At:www.bloomberg.com/apps/news?pid=20601080&sid=apBvi5CSvOlo

Actor shahid Kapoor

Don't get confused as we are talking about Shahid Kapoor’s upcoming flick with Yash Raj Films, where he is supposed to look much younger than his age. For this, the handsome lad has worked equally hard and has gained the perfect look that was demanded of him. In Kaminey, he has build a well-toned body and dons a macho man look. On the other hand, in his next flick with Yash Raj and Anushka Sharma, the actor has slimmed down and is looking very young. “I work according to my scripts and the character that I am portraying. In Kaminey I needed a good physique for which I have worked for almost a year and sacrifice on my liking of food. Whereas, in my next film with Anushka, I need to look much younger, so I have done sacrifices over there too,” rues Shahid Kapoor.

For further Details Visit At:entertainment.oneindia.in/bollywood/news/2009/shahid-macho-slimmed-230709.html

Mobile NUmber Portablity

Amidst all the hype about mobile number portability (MNP), which allows customers to change their operator and retain their number, this facility may not be a significant game changer in India and erode telcos’ subscriber numbers. The two companies chosen to implement MNP in India -- Syniverse Technologies and MNP Interconnection Teleco Solutions -- have told the telecom regulator Trai that less than 3 per cent of the country’s projected 550 million-plus mobile users will go in for MNP by 2010 (based on their surveys). MNP is slated to come into effect in metros and large states in September 20, 2009 and the rest of the country from March 2010. Syniverse & MNP Interconnection in their presentations to Trai have said that India is likely to have over 800 million subscribers by 2013, off which less than 30 million were likely to change their operators using the MNP provision. Syniverse will implement MNP in Northern and Western India while MNP Interconnection will provision this facility in the South and East zones of the country. Importantly, these two companies have proposed to charge customers between Rs 75 - 200 everytime they want to change their operator.Syniverse Technologies and MNP Interconnection’s analysis comes even as data from cellular industry associations reveal that Indian operators are confronted with whooping 40 per cent annual churn rates. Telecom regulator Trai too shares the view that churn may not translate to customers opting to port their operator:

For Further details Visit At:/infotech.indiatimes.com/Telecom/3-will-opt-for-number-portability/articleshow/4811031.cms

Indian cements would Be Good financial Year:N.srinivasan

Vice-Chairman and Managing Director of The India Cements Ltd. (ICL) N. Srinivasan said that the outlook for the cement industry would be good this financial year too. Addressing a press conference here to announce the first quarter results of the company, Mr. Srinivasan said that there was a 11.6 per cent growth in cement demand despite a lower 4.5 per cent growth in the South, mainly due to a practically nil growth in Andhra Pradesh and Karnataka. In Kerala and Tamil Nadu, cement demand grew by over 10 per cent, he said. “The demand growth in cement is outstanding,” he said. The company reported a 9.5 per cent increase in turnover for the first quarter ended June 30, 2009, at Rs. 960.25 crore against Rs. 876.26 crore in the year-ago period. It posted a lower operating profit of Rs. 293.11 crore (Rs. 311.27 crore) due to an increase in the cost of inputs, power and fuel. The net profit has improved marginally, after adjustments, to Rs. 144.28 crore from Rs. 142.14 crore.

For Further Details Visit At:/www.hindu.com/2009/07/23/stories/2009072356291600.htm

Union Bank of India Q1 net profit Up

State-run Union Bank of India on Thursday said its net profit rose by 93.69 per cent at Rs 442.19 crore for the first quarter ended June 30, 2009, over the same period last year. The company had a net profit of Rs 228.29 crore in the same quarter last year, Union Bank of India said in a filing to the Bombay Stock Exchange .Total income rose to Rs 3,704 crore in the latest quarter, against Rs 2,754.88 crore in the same quarter previous fiscal. Shares of Union Bank of India were trading at Rs 255.95 on the BSE, down 1.14 per cent from previous close.

Source:economictimes.indiatimes.com/News/News-By-Company/Earnings/Union-Bank-of-India-Q1-net-up-94-pc-at-Rs-442-cr/articleshow/4810929.cms

Biocon Net Profit Increase

Biotechnology firm Biocon Ltd on Thursday said its consolidated net profit has jumped nearly four-fold at Rs 57.55 crore for the quarter ended June 30, 2009, over the same period last year. The company had a net profit of Rs 15.02 crore in the same period last year, Biocon Ltd said in a filing to the Bombay Stock Exchange (BSE). "We are making excellent progress on the research front with several programs approaching a licensing potential. We expect the quarters ahead to remain robust and we hope to end the year on a strong note both in revenues and profitability," Biocon Ltd CMD Kiran Mazumdar Shaw said. Total income rose to Rs 505.29 crore in the latest quarter, against Rs 276.53 crore in the same quarter previous fiscal. On a standalone basis, the company has posted a net profit of Rs 47.55 crore for the June quarter current fiscal, up 58.44 per cent from Rs 30.01 crore in the same period last year. Total income rose to Rs 258.71 crore in the quarter under review, against Rs 237.46 crore in the same period previous fiscal.

Source:www.hindu.com/thehindu/holnus/006200907231152.htm

Indian Overnight cash moved On Surplus Cash

Indian overnight cash rate continued to stay tagged to the central bank's main borrowing rate of 3.25 percent on Thursday as abundant cash in the system helped banks meet their reserve needs comfortably. At 12:45 p.m., the one-day money INROND= was trading at 3.20/30 percent, unmoved from its previous close. Banks have to report their liabilities to the central bank once in two weeks and park 5 percent of their deposits with it as cash for the two weeks that follow. The cash rate is hovering around the central bank's reverse repo rate as lenders in the inter-bank market can also deploy their excess funds with the Reserve Bank of India (RBI) via its daily liquidity adjustment auctions at that rate. Demand for funds used to be higher in the first week of a reporting cycle, but since early April that demand has been too little to pressurise the overnight money rates, as cash surplus in the system soared above 1 trillion rupees by then.

For Further Details Visit At:in.reuters.com/article/companyNews/idINBOM50857520090723

India MRPL Aims Expanded Refinary:L.K.Gupta

India's Mangalore Refinery and Petrochemicals Ltd (MRPL.BO: Quote, Profile, Research) aims to commission its expanded refinery by December 2011, its director for finance, L.K. Gupta, told reporters on Thursday. "Mechanical completion would be completed by October 2011 and we should be commissioning it by December," he said. The capacity is being expanded to 300,000 barrels per day from 193,800 bpd. (Reporting by Nidhi Verma; Editing by John Mair)

Source:in.reuters.com/article/domesticNews/idINDEB00079520090723