Showing posts with label VCE. Show all posts
Showing posts with label VCE. Show all posts

Thursday, 8 November 2012

India tweaks some debt limit rules for foreign investors


 India will allow foreign investors to re-invest up to 50 percent of their debt holdings from the previous calendar year starting in January 2014, market regulator Securities and Exchange Board of India (SEBI) said in a statement.
SEBI also cut the time period to use up corporate debt limits to 60 days from 90 days, whilegovernment debt limits will need to be used up in 30 days from 45 days, effective immediately, the regulator said.
The measures, first announced last month, tweak some of the rules seen hampering investments in debt, and free up debt auction limits faster so they are sold to those foreign investors who are more willing to use them.
Foreign institutional investors (FIIs) with authorised licenses can participate in the monthly auction for debt limits for corporate and government bonds, purchasing quotas which provide them with the right to invest in debt up to the limit bought.
However, domestic debt markets are marked by complex regulations for FIIs, denting demand at a time when yields are high and India needs inflows to plug its current account deficit.
"Simplification of the process and elimination of the need for multiple approvals will create higher interest levels amongst FIIs and will also attract newer set of FIIs," said Mahendra Jajoo, head of fixed income at Pramerica Mutual Fund.
Foreign investors can now also start buying and using up limits for long-term infrastructure corporate debt without SEBI approval for up to 90 percent of the total category limit of $12 billion, the SEBI notification showed.
Because of the complex set of rules, FIIs have, at times, bid for the right to purchase a bigger share of debt than they end up actually investing, skewing the demand for bonds.
Debt limits in government bond and corporate bonds without any investment restrictions have seen strong demand from FIIs.
However, long-term infrastructure corporate debt has not seen much interest because of a one-year lock-in provision, even as the country needs more investment because of frequent power cuts, poor roads and antiquated railways.
Other measures also hamper broader demand, including a withholding tax in rupee bonds of 20 percent.
India's corporate bonds have rallied this year, with the five-year corporate bond benchmark yield dropping to 9.01 percent from 9.39 percent a year ago.

Sandy forces three carmakers to scrap 15,000 cars


 Toyota Motor, ChryslerNissan and Honda plan to scrap about 15,000 vehicles damaged by Hurricane Sandy as automakers and dealers continue assessing the storm's impact, said media reports.
Travis Parman, spokesman of Nissan Motor Co, said late Tuesday it is estimated more than 6,000 Nissan and luxury Infiniti brand cars and light trucks are "un-saleable" due to the storm. As many as 200,000 may have to be replaced, said Larry Dixon, a senior analyst for the National Automobile Dealers Association.
Sandy, the biggest Atlantic storm in US history, impacted New Jersey, New York and the surrounding region, leading to at least 100 deaths, reported Xinhua.
According to the Detroit News, Fisker Automotive Inc., a startup maker of luxury plug-in hybrids, lost 320 of its $103,000 Karma sedans at the port of Newark, New Jersey, that burned in a fire triggered by salt water, said Roger Ormisher, a spokesman for the California-based company.
"We don't have a full estimate of the cost to replace them yet," Ormisher said. The cars were being processed at the port for delivery to Fisker dealers when the storm arrived.
Some 4,000 Toyota and Lexus vehicles were at the company's port facility in Newark when the storm hit, said Jana Hartline, spokeswoman for Toyota's US unit in Torrance, California.
Chrysler lost about 750 vehicles in dealer stock due to the hurricane damage, said Ralph Kisiel, a spokesman for the Auburn Hills-based carmaker that's majority-owned by Fiat SpA. Ford Motor Co.could not immediately provide estimates for storm damage.

Tuesday, 6 November 2012

Say no to flaky hair!

hair

You cannot be prone to dandruff if you keep your scalp immaculately clean. If you wash your hair less often, then it can lead to accumulation of more dead skin cells and oil which can cause dandruff. Wash your hair gently and allow it to dry before you brush or comb it 

Shah Rukh's 47th birthday with his fans

Shah Rukh's 47th birthday …"I never had big dreams and I just wanted to work hard and be accepted and act in films. I got more than what I had wanted. I will not do anything to tarnish this happiness," Shah Rukh told reporters at his birthday celebrations at his house here.

What you didn't know about Obama, Romney



Barack Obama has a personal background like no other president in U.S. history. His mother, Ann Dunham, was a white woman from Kansas and his father, Barack Obama Sr., was a black Kenyan who saw little of his son after a divorce when the boy was a toddler. Obama spent much of his childhood in Indonesia and then Hawaii, where he lived with his maternal grandparents.

'Matter is under consideration', says Shukla on Sharmila's letter to BCCI

Sharmila with her husband - the Late Mansoor Ali Khan Pataudi who died battling a lung infection.




Senior BCCI official Rajiv Shukla on Tuesday said the matter regarding the letter written by Sharmila Tagore, actor and wife of Late Mansur Ali Khan Pataudi, seeking institution of a Pataudi lecture and a Pataudi Trophy for the upcoming India-England series, is in the domain of the president and the working committee.
"Mrs. Sharmila Tagore has written to BCCI President Mr. Srinivasan, she has sent an e-mail requesting him to name the England series after her late husband who was a great cricketer and her son Saif Ali Khan has spoken to me twice requesting the series to be named after his father," said Shukla.
"I think the matter is in the domain of BCCI President and BCCI Working Committee; they will have to look at several aspects before arriving out any decision. I think the matter is under consideration," he added.
Sharmila Tagore has written to the BCCI President, asking him to make the Pataudi Trophy (India-England series) official.
"As you are aware, next week India-England test series begins. I am given to understand ECB has already written to BCCI requesting to make the trophy official. You will recall my previous mail to you where I had mentioned our disappointment at the close of the test series at the Oval and had urged you to take the matter forward and formalise the trophy," said Tagore in her letter to Srinivasan.
"You had assured me that you have told the people concerned to take it forward. Please note that this correspondence is almost a year old. Now, since there is very little time before the start of the series, I am hoping you will act on this matter soon and inform me about your decision at your earliest," she added.
Tagore has also questioned the delay in instituting the BCCI Annual Lecture in Tiger Pataudi's name.

Natural Wonders–Pomegranate




They are delicious and tangy and have a mellow fragrance you can’t miss. The delicious pomegranate is a natural wonder if there ever was one.

'Trai' again, it failed to work last time

Sms

As part of its plan to crack down on pesky short messaging service ( SMSs), the Telecom Regulatory Authority of India ( Trai) has said only 100 SMSs per day per SIM card would be allowed at concessional rates. Beyond this number, telecom service providers cannot charge less than 50 paise per local SMS, Trai principal adviser N. Parameswaran said at a press conference here on Monday. Currently, these SMSs cost as low as 1 or 2 paise.
The new Trai order has to be implemented within 15 days, Parameswaran said adding that these measures are initial steps and more will follow. Subscribers will be able to lodge complaints if bombarded with unsolicited SMSs or calls at the toll free number 1909 from November 6.
The Trai said that complaints will then get uploaded on the Telecom Commercial Communications Customer Preference Portal website ( http://www. nccptrai.gov. in)
Telecom operators have also been asked to put in place a technical solution within three months, which will ensure that no commercial SMSs are sent having the same or similar characters from any source number. Such a system will ensure that not more than 200 SMSs with such similar ‘ signature’, character or string are sent in an hour, he said.
However, registered telemarketers, transactional messagesending entities and telephone numbers exempted by Trai are excluded from this provision, Parameswaran added.
“ These are the first slew of measures to contain illegal, unregistered telemarketers.
Since the regulation on telemarketers came into effect in September last year, we issued notices to over 1.33 lakh unregistered telemarketers and have disconnected over 1 lakh such connections till October 22 last month,” he further added.
Telecom operators may discontinue some SMS packages and hike tariffs. But some operators like TTSL may not take such measures because they have high stakes in the SMS and telemarketing business.
Trai said that it has no mechanism to break the nexus between telecom companies and unregistered or registered telemarketers, who have a segment- wise data bank of subscribers.
“ We are in touch with top telecom company officials. They have assured us that they would put stringent measures in place in case such things are happening at the lower rung,” said Parameswaran.
But the damage has been already done with massive data of mobile subscribers along with their category and profile readily available with telemarketers.
Telecom companies are required to take an undertaking in the customer acquisition form that the connection will not be used for telemarketing purpose. In case, the connection is found to be used for telemarketing purposes, it could be disconnected, Parameswaran said.
In case of violation of regulations by registered telemarketers, Trai had recommended penalty ranging between ` 25,000 and ` 2.5 lakh.
Reproduced From Mail Today. Copyright 2012. MTNPL. All rights reserved. Mail Today Daily Features November 06, 2012 By Suhas Munshi in New Delhi Bug gets bulkier
IN CASE you are getting more pesky SMSs, it is due to the government’s crackdown on such service providers.
Sources say that such SMS service providers are anticipating measures like hike in SMS tariff along with several other steps that will make it difficult to send bulk text messages. In anticipation of such moves, clients are trying to book maximum orders this week.
There are three members in the bulk SMS industry: clients who book bulk SMS packages to advertise their brands, dealers who either have their own hardware or share profits with someone who does ( called ‘ pipes’) and data brokers who maintain databases of phone numbers and other details.
Finally, there are dealers in China who supply the required hardware, the USB modem, to their clients in India.
According to market sources, every member in this chain is expecting to take a big hit from the Telecom Regulatory Authority of India’s impending crackdown. For example, the cost of booking an order of 1,00,000 SMSs through a bulk provider is between ` 7,000 and ` 8,000.
The price is expected to increase to around ` 10,000 per one lakh SMSs.

Spotted: Celebs at a fashion show

Sridevi and her daughter Jhanvi and Khushi strike a pose with designer Nandita Mahtani

Celebs at fashion show

Sachin awarded The Order of Australia

Sachin
Simon Crean Australian Minister for Regional Australia, Regional Development and Local Government, presents the membership of The Order of Australia to Indian cricketer Tendulkar in Mumbai on November 6, 2012

Mystery Sighting Spooks Soldiers

An ITBP unit based in Thakung, close to the Pangong Tso Lake, reported over 100 sightings ofluminous objects between August 1 and October 15 this year. In reports sent to their Delhi headquarters in September, and to the Prime Minister's Office (PMO), they described sighting "Unidentified Luminous Objects" at day and by night. The yellowish spheres appear to lift off from the horizon on the Chinese side and slowly traverse the sky for three to five hours before disappearing.

These were not unmanned aerial vehicles (UAVs), drones or even low-earth orbiting satellites, sayArmy officials who have studied the hazy photographs taken by ITBP. Drone sightings are verified and logged separately. The Army has reported 99 sightings of Chinese drones between January and August this year: 62 sightings were reported in the western sector, the Ladakh region, and 37 in the eastern sector in Arunachal Pradesh. Three of these drones intruded into territory claimed by Indiaalong the 365-km-long border with China in Ladakh, manned by ITBP.

Such mysterious lights have been sighted before in Ladakh, a barren, 86,000 sq km heavily militarised zone wedged between Pakistan-occupied-Kashmir and Chinese-occupied Aksai Chin. The persistent sightings by the ITBP this year, however, worried the Army's Leh-based 14 Corps. The ITBP, did not respond to a detailed India Today questionnaire.

In September, the Army moved a mobile ground-based radar unit and a spectrum analyser-that picks up frequencies emitted from any object-to a mountaintop near the 160-km-long, ribbon-shaped Pangong Lake that lies between India and China.

The radar could not detect the object that was being tracked visually, indicating it was non-metallic. The spectrum analyser could not detect any signals being emitted from them. The Army also flew a reconnaissance drone in the direction of the floating object, but it proved a futile exercise. The drone reached its maximum altitude but lost sight of the floating object.

In late September this year, a team of astronomers from the Indian Astronomical Observatory at Hanle, 150 km south of the lake, studied the airborne phenomena for three days. The team spotted the flying objects, Army officials say, but could not conclusively establish what they were. They did, however, say that the objects were "non celestial" and ruled out meteors and planets.

Scientists however say, the harsh geography and sparse demography of the great Himalayan range that separates Kashmir Valley from Ladakh, lends itself to unusual sightings. "The region is snowbound in winter, has few roads and is one of the most isolated places in India," says Sunil Dhar, a geologist at the government Post Graduate College in Dharamshala, who has studied glaciers in the region for 15 years.

Yet, none of the experts from the National Technical Research Organisation (NTRO)-in charge of technical intelligence-and Defence Research Development Organisation (DRDO), has been able to identify the objects. This has caused embarrassment rather than fear in the establishment. "Something is clearly wrong, if our combined scientific resources can't explain the phenomena," says a senior Army official in Delhi. Intelligence officials say these objects could be a crude psychological operation by China, or sophisticated probes attempting to ascertain India's defences in Ladakh.

"We can't ignore these sightings. We need to probe what new technology might have been deployed there," says former Indian Air Force (IAF) chief Air Chief Marshal (retired) P.V. Naik.

In 2010, the IAF probed and dismissed Army sightings of such luminous objects as "Chinese lanterns". 'UFO' sightings have been endemic to Ladakh over the past decade. In late 2003, 14 Corps sent a detailed report on sightings of luminous objects to Army headquarters. Army troops on posts along Siachen had seen floating lights on the Chinese side. But reporting such phenomena risks inviting ridicule. When told about them at a northern command presentation in Leh, the then army chief, General N.C. Vij, had angrily dismissed the reports as hallucinations.

Scientists say the mysterious objects are not necessarily from outer space. "There is no evidence of 'ufos' being of extra-terrestrial origin," says reputed Pune-based astrophysicist Jayant Narlikar. "The implication of them being alien objects is fancy, not fact," he says.

There is still no explanation, however, for what is believed to be the clearest 'UFO' sighting yet, in the Lahaul-Spiti region of Himachal Pradesh less than 100 km south of Ladakh in 2004. A five-member group of geologists and glaciologists led by Dr Anil Kulkarni of the isro's Space Applications Centre in Ahmedabad were on a research trip through the barren Samudra Tapu Valley. They filmed a four-foot tall 'robot-like' figure, that 'walked' along the valley, 50 m away from them. The humanoid object then rapidly became airborne and disappeared. The encounter lasted 40 minutes. It was seen by 14 persons including the six scientists. Kulkarni then interviewed each expedition member separately to verify what the team had seen. Copies of his detailed report were circulated to the PMO, ISRO, the Army and several intelligence agencies. Kulkarni established his team hadn't seen natural phenomenon. The matter, however, was buried soon after.

Sunil Dhar, who was part of the 2004 expedition, terms the sighting of the unidentified object an unforgettable experience. Locals, he says, have reported sighting mysterious objects for many years. "These are unsolved mysteries that need more intensive study," he says. Left unexplained, the Ladakh sightings risk slipping into the crack between fact and science fiction.

Robber being questioned for Spanish woman's rape


The search for the man who raped a Spanish national in a Bandra flat has narrowed down to a notorious robber who is believed to have threatened her with a knife, forced her to have a bath and carefully wiped his fingerprints before fleeing with cash, police said Tuesday.
The search had narrowed to one after about 50 people had been questioned, an official said, adding that the main suspect was being interrogated.
The accused is believed to be a notorious robber but officials said they could confirm the information only after thorough investigations.
The 27-year-old Spanish musician was raped and robbed by the unidentified man early Monday. Police had earlier said she was a German national but later clarified that she is of Spanish origin whose parents live in Germany.
Piecing together the horrific details, police sources claimed the man entered the victim's flat, raped her twice and later ordered the victim to take a bath. He is also believed to have wiped off finger prints and traces of evidence that might have been left in the due course.
The accused later fled the scene with cash in Indian and foreign currency and a few valuables belonging to the victim.
According to Additional Commissioner of Police Vishwas Nangre-Patil, the preliminary medical examination of the victim has confirmed sexual assault. The prime motive was robbery, he said.
Quoting the FIR filed by the victim, Nangre-Patil the accused had held the victim at knife-point after he entered the apartment through an open window.
"The accused threatened her with his knife and raped her and later fled the apartment some of her belongings and cash in foreign and Indian currency," he said.
This is the second such incident in the last 10 days. On Oct 28, two unidentified youths had allegedly attacked and molested a 21-year-old Russian woman at Worli Seaface in south Mumbai.
The woman was left with a bruised lower lip after one of the accused bit her. She had left the city without filing a police complaint. However, the cops took suo motu cognisance of the matter and filed a case against the two unidentified men.

'Dubai desert safari turns into nightmare'


 A perfect Dubai desert safari turned into a nightmare for an Indian couple when a catering crew allegedly punched the man in the face and stopped his wife from taking food, according to a report.
The incident took place on Friday when 35-year-old Daiwat Gehani went looking for food for her pregnant friend.
Desert safari

According to Gulf News, Daiwat said her Sachin Gehani, 36, got angry when another member of the team jerked her hand away as she tried to get food for a pregnant friend.
She said her husband shouted at the staff for touching her, and they had an argument, which soon turned into a fistfight.
According to the report, the Indian couple is demanding a full refund from Dubai based-Arabian Desert Tours (ADT), which organised the trip.
Arabian Desert Tours responded to the complaint with an e-mail, saying that the spar occurred as the woman insisted on getting the food from the tray using her bare hands.
"We first serve the starters (falafel and shawarma only) to the guests before the BBQ buffet dinner. You requested hummus from the staff, which is served only with the buffet dinner," the firm said in the e-mail, according to Xpress.
"Since you insisted on getting the food from the tray using your bare hands, he stopped you. We don't tolerate this for hygienic purposes. If you had just called the attention of the catering manager about your request, he could have assisted you," it added.