An Innovation

Interest rates could go up after monetary policy review

2011-01-24T19:43:00.001+05:30

India' central bank, which will conduct a periodical monetary policy review on Tuesday, is largely expected to hike key interest rates to curb rising inflation.This time, with food inflation again on the higher side, the RBI will look to lend a helping hand to the government in a bid to bring down prices.

Loans for automobiles, homes too could go up as banks will look to pass on the interest burden to consumers. Leading bankers have forecasted a hike in lending rates in the short-term, taking into account a hike in key rates by the RBI.

On the otherside of the Coin my suggestion for those are trading in share market,this can been seen as an investing point of view....can start investing in banking sector as well as housing stocks such as LIC Housing Finance.

15th August: Homage or a holiday?

2010-08-15T13:24:00.001+05:30

India completes its 63 years of Independence on August 15, 2010. The country may admire its revolutionaries after watching a patriotic flick in a multiplex, but does it really hold to heart the freedom struggle and the day of our independence, or is it just another 'national holiday'? With rising corruption, honour killings, red-tapism, and increasing crime rates, a lot still needs to be done before we rest on our laurels. Do you think that rather than celebrating history, we should be concentrating on our present and future? Do we really feel empowered by our republic? Or is it just another holiday for us?

Mumbai oil spill

2010-08-11T17:57:00.004+05:30

State-run oil marketing companies have ruled out a fuel shortage following the closure of the Jawaharlal Nehru and Mumbai ports, which has disrupted shipment of crude oil to local refineries.

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How to Make Apple Cider Mixed Drinks

2010-08-10T19:25:00.002+05:30

"The drink we are about to make is called an Apple Cider Slider. It's got a nice ring to it doesn't it, tastes great too. There we go let's put some ice in here. It's going to be a shot o'kay. We are going to make two shots for your friends that love the taste of apple cider It is going to have a nice kick to it though. Do one shot of Spiced Rum and let's do a half a shot of Apple Schnapps and also a half a shot of Cinnamon Schnapps. There we go and we are just going to do a splash of lemon lime soda. There we go and let's mix it up good here Be careful with the lemon lime soda there, it might get all over. In that case we did alright. Now let's get a couple of shot glasses ready and our strainer and we are going to serve up and you can smell that apple cinnamon, an Apple Cider Slider, two shots. Bottoms up."

54 days to go, is Delhi ready?

2010-08-10T08:22:00.001+05:30

Incomplete stadiums, living quarters far from finished and debris strewn all over the city - Delhi looks far from being ready for the Commonwealth Games.

The Jawarharlal Nehru Stadium (JNS), which was inaugurated on July 27, was meant to be a symbol to showcase the Games. But it looks nothing more than a construction site despite its ` 961 crore makeover.

The Central Public Works Department (CPWD) began construction over two years ago. The deadline is September 1 after which the stadium will be locked down. But will it be ready by that date?

No one is allowed inside. But according to sources, the main lights and main announcement systems are in place at the stadium. The field and stadium seats are also ready. But underground cabling for electricity and water supply, water connections, painting and welding of the boundary are still not complete.

Clean-up deadline missed?

2010-08-10T08:16:00.000+05:30

Delhi Chief Minister Sheila Dikshit had last Month set August 10 as the deadline for removing all construction and demolition waste from the city and ordered all civic agencies to strictly comply with the time-frame.

She had also reiterated that there would be no deviation in the deadline to halt digging work and to remove the malba. But with tonnes and tonnes of rubble still strewn around across the city, this does not seem possible.

Satyam - Ford Recognitions : Recognitions.zip

2010-07-14T20:46:00.000+05:30

The message is ready to be sent with the following file or link attachments:

Recognitions.zip

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sending or receiving certain types of file attachments. Check your e-mail
security settings to determine how attachments are handled.

Battle of the spin giants

2010-04-21T14:02:00.002+05:30

Sehwag out of World Twenty20

2010-04-21T13:57:00.001+05:30

Sehwag out of World Twenty20

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Mongoose Bat..

2010-04-15T15:14:00.001+05:30

What is Mongoose Bat?

THE MONGOOSE MMI3 CRICKET BAT is a cricket bat specifically designed for Twenty 20 cricket and is the first major redesign for over 200 years. The design is unusual in that the blade is 33% shorter than a conventional bat and the handle is 43% longer. The manufacturer claims that this provides 20% more power and 15% more bat speed and gives the batsman an advantage.

This kind of a bat is especially useful and lighter than the traditional cricket bat. Its blade is 33 per cent shorter than a conventional bat and the handle is 43 per cent longer. The decreased length of the blade helps to reduce the bat's weight while the long handle allows optimum reach to the batsman. The lightness of the bat helps in increasing the bat speed and allows the batsmen to hit the ball harder while batting. The change in the length of the blade does not affect the performance of the batsman in any way since it is the middle of the bat(the part which is located on the backside of the thick scoop of the bat)that is required for hitting the ball.

On 11 March 2010, Mongoose launched its range in India with the announcement of MATTHEW HAYDEN as an ambassador.

THE MONGOOSE MMI3 CRICKET BAT

is a cricket bat specifically designed for Twenty 20 cricket and is the first major redesign for over 200 years. The design is unusual in that the blade is 33% shorter than a conventional bat and the handle is 43% longer. The manufacturer claims that this provides 20% more power and 15% more bat speed and gives the batsman an advantage.

This kind of a bat is especially useful and lighter than the traditional cricket bat. Its blade is 33 per cent shorter than a conventional bat and the handle is 43 per cent longer. The decreased length of the blade helps to reduce the bat's weight while the long handle allows optimum reach to the batsman. The lightness of the bat helps in increasing the bat speed and allows the batsmen to hit the ball harder while batting. The change in the length of the blade does not affect the performance of the batsman in any way since it is the middle of the bat(the part which is located on the backside of the thick scoop of the bat)that is required for hitting the ball.

On 11 March 2010, Mongoose launched its range in India with the announcement of MATTHEW HAYDEN as an ambassador.

Hayden debuts the Mongoose Bat in Chennai Superkings match against the Delhi Daredevils on March 19th 2010.He scored 93 runs out of 43 balls ( 9 fours & 7 Sixes).

Honeywell to hire more in India

2010-04-15T14:10:00.002+05:30

Honeywell International plans to increase its headcount in India to meet growing demand for aeroplanes and green fuel, which are the two key areas for the company. The automation and technology major, which has designed the cockpit for all U.S. space shuttles, had recently elevated Krishna Mikkilineni, President of Honeywell Technology, to its Global Executive Management Team, a move that signalled the American company's confidence on India

Over the past eight years, Honeywell India has grown from being a $50- million company with about 50 people, to more than $500 million in revenue and 11,000 employees. The company's area of operations include aerospace, automation, transportation and speciality materials, including the recently-developed green fuel that doesn't require cars to change their engines.

Ramalinga Raju's trial story looks bigger than scam

2010-04-15T13:57:00.000+05:30

It seems that Satyam Computer Services' Founder B Ramalinga Raju is unlikely to come out of custody in the years to come. The CBI has presented 800 witnesses and submitted 160,000 pages of documents in the court.

It will take at least 800 days to examine 800 witnesses. The court has to record the chief examination of the witnesses, who would be later cross-examined by the advocates of the accused. With 10 accused in the Satyam case being represented by an equal number of advocates and if each of them wants to cross-examine every witness produced by the CBI, it will take at least one working day to complete the cross examination of one witness.

If we go through the court procedure, we get to know that Court works for five days in a week, and if we take public holidays into consideration, there will be not more than 225 working days in a year. This means that it will take nearly four years just to cross-examine the witnesses. Also Raju, who is currently hospitalized at the Nizam's Institute of Medical Sciences, is expected to read the 160,000 pages of documents if he has to defend himself effectively in the court.

It will take at least five minutes to go through a document page, understand it and instruct the advocates about it. At this rate, it will take 13,333 hours for Raju to go through the documents. Even if he manages to read for a minimum of 10 hours a day, it will take 1,333 days or over three-and-a-half years to complete the reading.

The government has set up a special court to expedite Satyam case proceedings. But if we take all these things discussed above into notice, it seems that the trial will not be completed in less than four years. Till now, it is not clear when the CBI is going to complete its investigation.

If we compare this case with Harshad Mehta and Ketan Parekh, who were involved in securities scams involving scores of companies, it seems that Raju is also not getting needed support from lawyers. Harshad Mehta and Ketan Parekh came out on bail in 107 and 53 days, respectively.

F1 News - Singapore F1 Press Release - Singapore Grand Prix

2010-04-08T16:15:00.000+05:30

F1 News - Singapore F1 Press Release - Singapore Grand Prix

Nokia N97 Mini - Features, specs & reviews - 3 Shop Australia

2010-04-08T13:58:00.000+05:30

Nokia N97 Mini - Features, specs & reviews - 3 Shop Australia

The sleek Nokia N97 mini integrates the web into your life and seamlessly connects you to your friends and favourite online services like Facebook and Twitter.

National Instruments expands R&D centre

2010-04-08T10:25:00.000+05:30

National Instruments (NI) has expanded their Research and Development (R&D) facility in Bangalore. The center is expected to provide strategic and operational support and services for clients.

The new centre for innovation is equipped with product development infrastructure and employee workspace to provide the tools and environment required for efficient product innovation, said the company statement. In addition the new center will also focus on filing patents in the field of Motion Control algorithms and software development. As part of the strategic growth, NI will hire new talent and take on more work in the areas of product development.

Fry defends Schumacher's form

2010-04-07T15:40:00.000+05:30

Mercedes CEO Nick Fry has defended Michael Schumacher after a slow start to the season.

Ipl <-->4's

2010-04-07T15:33:00.002+05:30

Ipl Pace-wkts

2010-04-07T15:31:00.000+05:30

Satyam's board selection was a careless act: ICAI to Govt

2010-04-07T09:04:00.000+05:30

ICAI's probe panel has hit out at bank for not doing due diligence on Satyam Computer Services before giving loans, and government for appointing Deepak Parkeh on its board despite his HDFC group being a major creditor to Ramalinga Raju's company.

The banks which gave loan to Satyam that time were HDFC Bank (Rs.530 crore), Citibank (Rs.223.87 crore) Citicorp Finance (Rs.222.28 crore), ICICI Bank (Rs.40 crore) and BNP Paribas (Rs.20 crore), totaling Rs.1221.16 crore.

In its final report, ICAI panel headed by Former President Uttam Prakash Agarwal stated, "There is no explanation as to why the banks, while sanctioning short-term loans did not seem to have posed any question as to why the company (Satyam) which was supposedly cash rich as per its financial statement was taking loans from them."

Solve network problems with mini-towers

2010-04-07T08:57:00.000+05:30

Do you face the network problem at home or workplace? Here is good news. You can resolve this problem with putting a miniature cell tower in your living room. These mini-towers act and look like Wi-Fi hot spots at cafes, and redirect cellphones calls from congested cell towers to home Web connections.

Christina Zachariades, 28, of Manhattan who already pays $130 a month for iPhone service but cannot receive or make calls in her fifth-floor apartment on the Upper East Side, said, "It's a fabulous idea, especially if you can't get service, but to charge for it is insulting. How much more do I have to pay to get the service required for me to use my phone?"

But although AT&T says its mini-towers will help in that kind of situation, it also says that it wants to help iPhone users who cannot get consistent signals. The company, which has been testing such devices in a few markets, plans to officially start selling this month what it calls 'MicroCells' in a few places for $150, reports New York Times.

Industry analysts feel that mini-towers, known as femtocells, are poised for spectacular growth. Shipments should grow from 571,000 this year, to 1.9 million next year, to 40 million by 2013, according to iSuppli, a market research firm.

IDBI Bank to offer online payment gateway services

2010-04-07T08:52:00.000+05:30

IDBI Bank announced that it has tied up with Venture Infotek, a transaction management firm, to unveil its internet payment gateway services.

IDBI Bank announced that it has tied up with Venture Infotek, a transaction management firm, to unveil its internet payment gateway services.Venture Infotek's 'Eazy2Pay' secures all transactions using Triple Data Encryption Standard (3DES) keys to encrypt cardholders' information and Merchant Plug-In (MPI) to facilitate 3D-secure verifications.

CEO of Yureekah bats for KKR

2010-04-07T07:23:00.001+05:30

Vishal Sharma,Founder & CEO,Yureekah,believes that his favorite Kolkata Knight riders have the grit and spirit.

Rising frauds in corporate India to be dealt firmly: KPMG

2010-04-07T07:17:00.000+05:30

The overall incidence of fraud is rising in corporate India in the last two years and there is a need for Indian firms to deal with fraud risks firmly, according to the KPMG Fraud Survey Report 2010. The report also states that the financial services and consumer markets industry segments specifically, see a higher level of fraudulent activities within their industry.

Financial statement fraud emerges as a major issue for investors. An overwhelming 81 percent of the respondents of the survey perceive financial statement fraud as a major issue in India.

Iplwatcher

2010-04-05T15:10:00.000+05:30

Iplwatcher

2010-04-05T15:02:00.000+05:30