Posts Tagged ‘News’

Vijay Mallya buys Gandhi’s items for $1.8m !!

Hours after high drama and frenzied bidding, Mahatma Gandhi’s personal belongings were bought for USD 1.8 million by industrialist Vijay Mallya, who said he “bidded for the country” at the auction after last-ditch attempts by India to stall the sale of the memorabilia fell through. 

Just before the auction, owner of the items James Otis had agreed to withdraw them from the auction but the auction house did not agree. It argued that it could have a big liability if it allowed the items to be withdrawn from the auction as more than 30 bidders had already registered for them and some have even sent in written bids. 

The community leaders expressed relief that the promise of keeping Gandhi’s iconic items, including his glasses, sandals, pocket watch, plate and a bowl, in India has been fulfilled.

Mallya’s move came as a total surprise as his name was never mentioned among those who might bid for the items. The bid on the floor was made by his representative Bedi and it was not until the auction was over that the liquor baron’s name surfaced to the surprise of everyone present.

India Vs NewZealand Match Called Off !!

India were rocking at 130 for one in 19 overs when rain disrupted the proceedings. After two restarts, the tourists had surged to 188 for four from 28.4 overs when the skies opened yet again. 

Three interruptions had reduced the 50-over game to a 34-over affair, frustrating the motley crowd which hung on patiently for almost four hours before the umpires put them out of their anxiety. The teams move to Christchurch for the third ODI with India leading the five-match series 1-0. 

Virender Sehwag (54) and Sachin Tendulkar (61), prudently playing second fiddle to his adventurous partner, put India in the driver’s seat with a quick-fire 76-run partnership for the first wicket. 

The players of both teams, match officials and spectators observed a minute’s silence before the start of play, in recognition of the attack on the Sri Lankan team in Pakistan this week. Players and officials also wore black armbands during the game.

Clash between Lawyers and Police In Chennai

Pitched battles were fought outside the Madras high court on Thursday afternoon after the police arrested 17 lawyers for attacking Janata Party president Subramanian Swamy.

As police used baton on lawyers who were protesting and shouting slogans, about 30 lawyers and several bystanders were injured, witnesses said. 

A division bench of the court on Thursday morning ordered that a five-judge bench would hold an enquiry into the attack on Swamy by advocates inside the court premises on Tuesday.Lawyers sympathetic to the Liberation Tigers of Tamil Eelam (LTTE) on Tuesday hurled rotten eggs at Swamy inside the court in the presence of the judges and shouted anti-India slogans.

Obama Strikes Into White House- New President !!

Hundreds of thousands of people streamed into Washington on Tuesday to witness the inauguration of Barack Obama as the first black US President.US-POLITICS-INAUGURATION-OBAMAHistory has been made , Obama is the first black American to be sworn as 44th President of United States of America.

New Board For Satyam!!

satyam

 The Central government on Sunday appointed three new independent directors on the board for Satyam. Directors are HDFC chairman Deepak Parekh, former Nasscom chairman Kiran Karnik and former Sebi member C Achutan taken the board on Sunday. Other members will be announced later.

The board is expected to be convened immediately to decide the further course of action.Decision to this effect will be taken today when the board meets for the first time.The board can be expanded to include seven more directors. The chairman of the company will be decided by the new board. 

Gupta said that the board’s first priority would be to restore the company’s credibility, customer confidence and employee morale apart from safeguarding the interests of investors and other stakeholders.

Sensex ends 750 pts down !!!

The Bombay Stock Exchange benchmark Sensex on Wednesday suffered the most this year by losing 749 points on panic selling by funds after Satyam Computer said profit had been inflated for years, raising concerns of dim third-quarter earnings by blue-chip companies.

The Sensex, which had gained over 688 points in the last four sessions of 2009, tumbled below the crucial 10,000 point level, losing 749.05 points to reach 9,586.88. It touched the day’s low of 9,510.15 and a high of 10,469.72 points, showing a wide fluctuation of nearly 960 points.

Satyam Computer crashed by Rs 139.15 or 77.69 per cent to close at Rs 39.95, after the Chairman announced the company had falsified accounts and assets for several years. Amazingly, the company ADR on the US stock market — Nasdaq — closed higher by four per cent last night.

FBI To Recurit 850 New Agents!!

At a time when the United States is experiencing one of the worst ever layoffs and more than two million people have lost their jobs in past one year, the country’s premier investigating agency Federal Bureau of Investigation announced to launch one of its largest ever hiring blitz.

FBI said it is hiring as many as 850 special agents, with special emphasis on those having critical skills like knowledge of key foreign languages including Hindi, Punjabi and Urdu. In addition to this, FBI is also hiring 2,100 professional support staff.

The FBI’s unexpectedly large number of job openings results more from attrition and a wave of retirements than from growing government appropriations, CNN said quoting FBI officials