Wednesday, February 27, 2008

EU fines Microsoft $1.3 Billion


The European Union's decision to fine Microsoft with $1.3 billion comes as a big blow to the company. Microsoft is being fined for charging rivals too much for the software information.

Microsoft fought hard against a March 2004 decision that led to a 497 million euro ($613 million) fine and an order that the software maker share interoperability information with rivals within 120 days. The company lost its appeal in that case in September.

Microsoft was fined $357 million in July 2006 for failing to obey that order.

Microsoft had initially set a royalty rate of 3.87 percent of a licensee's product revenues for patents and demanded that companies looking for communication information — which it said was highly secret — pay 2.98 percent of their products' revenues.

The EU complained last March that the rates were unfair. Under threat of fines, Microsoft two months later reduced the patent rate to 0.7 percent and the information license to 0.5 percent — but only in Europe, leaving the worldwide rates unchanged.

Bollywood item girl arrested

An actor, who featured in Bollywood item numbers in the 1990s, has been arrested by the Thane police in a case of alleged abetment of rape and the kidnapping of a 12-year-old girl.

The arrest came after the victim's mother filed a complaint against the 'item girl' at the Mira Road police station. The victim worked as a maid at the actor's home. Mira Road is a township close to Mumbai.

In the complaint to the police, the girl's mother alleged that the actor forcibly kidnapped her daughter with the help of her (the item girl's) brother, who then allegedly raped her. The mother also claimed that after the rape, her daughter was forcibly sent to Pune to have sex with some clients.

The actor and her brother have been arrested and will be produced in the Thane court later on Wednesday.

Hayden to face CA charge after 'weed' comment


The Australian opener Matthew Hayden has been charged with breaching Cricket Australia's code of conduct after calling India offspinner Harbhajan Singh an "obnoxious weed".

Hayden also said he liked the idea of "getting into the ring" with Indian fast bowler Ishant Sharma during a lively radio interview that has almost inevitably brought official sanction.

"Rule guidelines prohibit public denigration of other players against whom they have or will play," said Cricket Australia spokesman Peter Young.

A Code of Conduct commissioner will appointed later today to hear the charge against Hayden, which comes a day after he was voted Australia's limited-overs player of the year.

Kareena called her ex-boyfriend, Shahid Kapur on his birthday


If Saif Ali Khan can do it, why shouldn’t Kareena Kapoor? According to reports, Saif called his ex-girlfriend Rozza Catalano several times on her birthday last month. On Monday, Bebo called ex-beau Shahid to wish him on his birthday.

Says a source close to Kareena, “Though Shahid and Kareena have parted, they have kept in touch with each other. Kareena remembered his birthday on February 25 this year and called to wish him.

When she spoke to him, he was in Goa with close friends, Ahmed Khan and Lovely Singh. Bebo wished him and then they continued to talk for sometime. The conversation flowed very easily, just like in the past, when they used to have long chats.”

Tuesday, February 26, 2008

Gene - Hair loss culprit

Here is good news for those thinning at the top - a gene that prevents regeneration of hair has been identified. People losing their hair can now hope for medicines to inhibit this gene.

A healthy individual loses about 100 hairs daily. That's okay, as the bulk of them are replaced. The problem begins when the shedding goes beyond that number, and replacement lags.

Now, scientists at the University of Bonn have, after six years of research, identified a gene that causes a rare hereditary form of hair loss - Hypotrichosis simplex - throwing open the possibility of regenerating hair.

The defective gene was found to inhibit receptor structures on hair follicle cells from forming correctly. Such receptors play a specific role in hair growth that was previously unknown.

As part of the study, dermatologist Khalid Al Aboud of the King Faisal Hospital in Makkah examined a Saudi Arabian family with Hypotrichosis simplex.

DNA samples from the parents and from nine of their 10 children - including four sufferers - were analysed, providing the researchers the key to understanding some of the fundamental mechanisms of hair growth and loss.

The researchers now hope that this individual genetic case will lead to developments that can benefit more patients.

'Although Hypotrichosis simplex is uncommon, it may prove critical in our search to understand the mechanisms of hair growth,' said project leader Regina Betz.

Bangalore and Hyderabad (Shamshabad) airports to close

he existing airports at Hyderabad and Bangalore will be closed once the new airports are commissioned, Rajya Sabha was informed today.

The two projects at Andhra Pradesh and Karnataka are at various stages of completion and steps have been taken by the state governments for providing connectivity at Shamshad (Hyderabad) and Devenhalli (Bangalore), Minister for Civil Aviation Praful Patel said while replying to a query.

"Commissioning of the new airports is pursuant to the provisions of the contractual agreements with the concerned airport companies," he said.

The existing airports at Hyderabad and Bangalore would be closed for commercial operations once the new airports become operational, the Minister added.

53rd FilmFare Awards

Best Actor: Shahrukh Khan - Chak De India

Best Actress: Kareena Kapoor - Jab We Met

Best Film: Taare Zameen Par

Best Director: Aamir Khan - Taare Zameen Par

Critics' Award For Best Actor: Darsheel Safary - Taare Zameen Par

Critics' Award For Best Actress: Tabu - Cheeni Kum

Critics' Award For Best Film: Shimit Amin - Chak De India

Best Actor in a Supporting Role (Male): Irrfan Khan - Life in a... Metro

Best Actor in a Supporting Role (Female): Konkana Sen Sharma - Life in a... Metro

Best Lyrics: Prasoon Joshi - (Maa - Taare Zameen Par)

Best Playback Singer (Male): Shaan - (Jab Se Tere Naina - Saawariya)

Best Playback Singer (Female): Shreya Ghosal - (Barso Re - Guru)

Best Music: A. R. Rahman - Guru

Best Story: Amol Gupte - Taare Zameen Par

Best Screenplay: Anurag Basu - Life in a... Metro

Best Dialogue: Imtiaz Ali - Jab We Met

R. D. Burman Award: Monty Sharma (Saawariya)

Lifetime Achievement Award: Rishi Kapoor

Power Awards: Yash Chopra & Aditya Chopra

Best Debut (Male): Ranbir Kapoor - Saawariya

Best Debut (Female): Deepika Padukone - Om Shanti Om

Best Special Effects: Red Chillies Entertainment - Om Shanti Om

Sony Head N Shoulders Fresh Face of the Year Award: Deepika Padukone

Best Background Score: A. R. Rahman - Guru

Best Editing: Amitabh Shukla - Chak De India

Best Choreography: Saroj Khan (Barso Re Megha Re - Guru)

Best Action: Rob Miller - Chak De India

Best Art Direction: Samir Chanda - Guru

Best Sound: Leslie Fernandes - Johnny Gaddaar

Best Cinematography: Sudhip Chatterjee

Best Costumes: Sujata Sharma - Gandhi My Father

Wednesday, February 20, 2008

Indian IPL Teams so far

Jaipur Shane Warne (US$450,000), Graeme Smith (US$475,000), Younis Khan (US$225,000), Kamran Akmal (US$150,000), Yusuf Pathan (US$475,000), Mohammad Kaif (US$675,000), Munaf Patel (US$275,000), Justin Langer (US$200,000)

Chennai MS Dhoni (US$1.5 million), Muttiah Muralitharan (US$600,000), Matthew Hayden (US$375,000), Jacob Oram (US$675,000), Stephen Fleming (US$350,000), Parthiv Patel (US$325,000), Joginder Sharma (US$225,000), Albie Morkel (US$675,000), Suresh Raina (US$650,000), Makhaya Ntini (US$200,000), Michael Hussey (US$350,000)

Mumbai Sachin Tendulkar (icon), Sanath Jayasuriya (US$975,000), Harbhajan Singh (US$850,000), Shaun Pollock (US$550,000), Robin Uthappa (US$800,000), Lasith Malinga (US$350,000), Dilhara Fernando (US$150,000), Loots Bosman (US$175,000)

Bangalore Rahul Dravid (icon), Anil Kumble (US$500,000), Jacques Kallis (US$900,000), Zaheer Khan (US$450,000), Mark Boucher (US$450,000), Cameron White (US$500,000), Wasim Jaffer (US$150,000), Dale Steyn (US$325,000), Nathan Bracken (US$325,000), Shivnarine Chanderpaul (US$200,000)

Hyderabad Adam Gilchrist (US$700,000), Andrew Symonds (US$1.35 million), Herschelle Gibbs (US$575,000), Shahid Afridi (US$675,000), Scott Styris (US$175,000), VVS Laxman (US$375,000), Rohit Sharma (US$750,000), Chamara Silva (US$100,000), RP Singh (US$875,000), Chaminda Vaas (US$200,000), Nuwan Zoysa (US$110,000)

Mohali Yuvraj Singh (icon), Mahela Jayawardene (US$475,000), Kumar Sangakkara (US$700,000), Brett

Tuesday, February 19, 2008

Manchu Manoj -- Nenu Meeku Telusa


Get ready for another Jalak from the Manchu family. This time it's from Manchu Manoj Kumar, in his never relenting raids on telugu film industry for a success. Till date Manoj hasn't tasted success in his filmi career. His previous film Raju Bhai was a comprehensive debacle. He is going to appear with a toned body and complete image change in the movie 'Nenu Meeku Telusa' which is being shown during the interval of his brother Vishnu’s film 'Krishnarjuna'. The shooting has already begun. Ad man-turned-filmmaker Ajay Sastri is making his debut and is very exuberant of the project.Hope it doesn't end up like 'KrishnaArjuna'.

Allu Arvind -- Sharp business man


It's known fact that Allu Arvind is producing the hindi version of Ghazani, starring Amir and being directed by MurugaDas. It's reported that the theaterical rights were sold at whopping Rs.53 Cr and the DVD,satellite rights for Rs.40 Cr. The movie budget is Rs.40 Cr. He is making a profit of Rs.50 Cr even before the realease of the movie. No wonder he is a trusted and time tested lieutenant for Chiru.

Monday, February 18, 2008

Jodhaa Akbar -- Maham Anga Vs Jodha , Jodha - The bahu


Maham Manga Vs Jodha or Jodha - the bahu would have aptly suited rather than Jodha-Akbar. All the excitement and hype surrounding the movie is no match to the actual movie. With no doubt the saving grace for the movie is the ever-beautiful 'AISH' and the songs. The costumes, ornaments supplemented Aish's beauty. Needless to say, she was the perfect fit for the character.The movie completely fails in justifying the marriage between a Rajput Princess and the Mughal Emperor. If the movie continues to run it, the credit will go to Aish. Hristhik's performance was nothing special. He failed to match the persona that we would expect from the Shehanshah of Hindustan. The movie also lacks any war depictions in contrast to the trailers floating around.Clearly the director was 'inspired' by 'Kyon ki Saas bhi Kabhi bahu thi'.

Sunday, February 17, 2008

AP budget bigger than Bangladesh's !!!!




The finance minister, Mr K. Rosaiah, on Saturday presented a Rs 1-lakh crore budget which eclipses even the outlay for small countries such as Bangladesh. The total outlay is put at Rs 1,00,436 crore. This is not only the biggest budget of the state but also the highest for any state in the country in the last two years. Speaking later, the Chief Minister, Dr Y.S. Rajasekhar Reddy, said, “Uttar Pradesh with the largest population has a plan budget of Rs 25,000 crore and financially strong Maharashtra Rs 20,000 crore.” The figure for AP is about Rs 43,000 crore, the highest in the country.
The fiscal deficit for this year is estimated to be Rs 9,657 crore, which would be 2.82 per cent of gross state domestic product. “After taking into account the overall transactions of the year, we will have a net surplus of Rs 134 crore,” said the finance minister. “The financial year 2008-09 is expected to end with a cash balance of Rs 120 crore.” The GSDP during 2007-2008 is likely to be Rs 2,29,461 crore, which is an increase of 10.37 per cent over the previous year’s quick estimates.
In its last full-fledged Budget before the Assembly elections, the Congress government has allocated Rs 51,885 crore under non-plan expenditure and Rs 48,551 crore under plan expenditure for the next 12 months. An amount of Rs 2,277 crore has been allocated for infrastructure which is 73 per cent more than the previous allotment. Further, the government plans to invest Rs 38,671 crore in the industries sector creating 1.30 lakh jobs. Special economic zones coming up in the State will employ 25 lakh persons.

Saturday, February 16, 2008

Padmanabham in financial crisis


Vetran comedian Padhmanabham who was revered a lot during his hey days is facing acute financial problems. He has turned 75 recently. He did the arangetram into tinseltown at the age of 12. Movie 'SHavukaru' transformed into a full fledged comedian. It's sad to see a legend suffering. Lets hope he receives relief in some form.

Thursday, February 14, 2008

Babies not Robots for Ash


RajaniKanth has always tried to rope in Aishwarys for his movies. Somehow things never materialized. Efforts are being made to cast Aishwarya in 'Robot'. If rumors are to be believed, Aish has declined the 6cr offer from Shankar. You are wrong, if you think she refused the offer because of money. She is planning to have kids shortly and wasn't ready for the 2yr dates requested from Shankar.

Wednesday, February 13, 2008

Nandi Awards 2006


First Best Feature Film Bommarillu Dil Raju Gold 50,000

Second Best Feature Film Godavari GVG Raju Silver 20,000

Third Best Feature Film Ganga Sekhar Yalamanchi Bronze 10,000

Akkineni Award for best home-viewing feature film Sri Ramadasu Konda Krishnamraju Silver 20,000

Best popular feature film providing wholesome entertainment Pokiri Puri Jagan Gold 50,000

Best film on national integration Hanumanthu Srihari Gold 50,000

Best Children film Bharathi rs raju Gold 1,00,000

Second Best Children film Kittu Bhargava Copper 20,000

Best director of Children film RS Raju Bharathi Copper 20,000

Best director Sekhar Kammula Godavari Silver 10,000

Best Leading Actor Nagarjuna Sri Ramadasu Silver 10,000

Best Leading Actress Nanditadas Kamli Silver 10,000

Best supporting actor Prakash Raj Bommarillu Copper 10,000

Best supporting actress Eeswari Ganga Copper 10,000

Best character actor (gummadi award) Kota Pellaina Kothalo Copper 10,000

Best comedian actor (allu award) Venu Madhav Lakshmi Copper 10,000

Best comedian actress Abhinaya Sri Paisalo Paramatma Copper 10,000

Best Villain Sai Kumar Samanyudu Copper 10,000

Best Child Actor Master Raghava Style Copper 10,000

Best child actress Baby Sri Divya Bharati Copper 10,000

Best 1st film director Bhaskar Bommarillu Copper 10,000

Best screenplay writer Bhaskar Bommarillu Copper 10,000

Best story writer Ravi C Kumar Samanyudu Copper 10,000

Best dialogue writer Abburi Ravi Bommarillu Copper 10,000

Best lyric writer Ande Sri Ganga Copper 10,000

Best cinematographer Vijay C kumar Godavari Copper 10,000

Best Music director KM Radha Krishnan Godavari Copper 10,000

Best Male playback singer Jesudas Ganga Copper 10,000

Best Female playback singer Sunita Godavari (Andanga Lena) Copper 10,000

Best editor Marthand K Venkatesh Pokiri Copper 10,000

Best art director Ashok Pournami Copper 10,000

Best Choreographer Raghava Lawrence Style Copper 10,000

Best audiographer Radhakrishna Pokiri Copper 10,000

Best costume designer Basha Sri Ramadasu Copper 10,000

Best makeup artiste Ramachandra Rao Sri Ramadasu Copper 10,000

Best fight master Vijayan Pokiri Copper 10,000

Best male dubbing artiste Ravi Shankar - Copper 10,000

Best female dubbing artiste Savitha Reddy Bommarillu Copper 10,000

Best special effects Nipuna Spirit Sainikudu Copper 10,000

Special Jury Award Stalin Nagababu Copper 10,000

Special Jury Award Genelia Bommarillu Copper 10,000

Special Jury Award Gunnam Gangaraju Amma Cheppindi Copper 10,000

Best book on Telugu cinema Nati Neti nootokka chitralu SV Rama Rao Copper 10,000

Best film critic on Telugu Cinema Challa Srinivas Andhra Bhoomi Copper 10,000

Tuesday, February 12, 2008

Abhishek loses over Rs 1 cr on Reliance Power IPO


AMONG the millions who wished the Reliance Power Initial Public Offering (IPO) would change their fortunes, there was a close family friend of Anil Dhirubhai Ambani, Abhishek Bachchan.

Junior Bachchan put in close to a whopping Rs 1,000 crore, which is almost 10 per cent of the IPO’s value, hoping for a substantial allotment and good returns. However he lost over Rs 1 crore on Day 1 itself
as the Reliance Power shares dipped 32 per cent to Rs 372.

YSR better CM than Naidu -- Opinion Poll


Dr Y.S. Rajasekhar Reddy leads the Telugu Desam chief, Mr N. Chandrababu Naidu, as the person who would make the best Chief Minister. While Dr Reddy scored an overall 49 per cent, Mr Naidu secured 42 per cent across the state. Dr Reddy was ahead in Rayalaseema and coastal Andhra. In Telangana, however, Mr Naidu was ranked ahead of Dr Reddy.

These were the results of a conducted by Nielsen ORG-Marg for the regional news channel N-TV. The survey was conducted in 270 of the 294 Assembly constituencies in the state and covered about 55,000 voters. It was conducted between October and the first week of December when speculation was rife over the possibility of a mid-term election to the Lok Sabha.

Of the 25,406 voters interviewed in coastal Andhra region, 57 per cent favoured Dr Reddy the best Chief Minister while only 39 per cent preferred Mr Naidu. In Rayalaseema, the home turf of both, Dr Reddy got 49 per cent and Naidu 45 per cent. In Telangana, 44 per cent of the voters gave the thumbs-up to Mr Naidu, who is seen as a staunch votary of unified Andhra Pradesh. Dr Reddy got 39 per cent.

Others like the TRS chief, Mr K. Chandrasekhar Rao, the torch-bearer of the separate state movement, and actors Chiranjeevi and Balakrishna together secured 17 per cent votes as the choice for best Chief Minister. Even in the other regions of the state, Chiranjeevi and Balakrishna could not woo the voters. However, it must be noted that the survey was conducted before talk of Chiranjeevi’s plans to float a political party.

Results

Statewide:
* 49% want YSR as CM
* 42% want Naidu as CM

Coastal Rayalaseema
* YSR 57% * YSR 49%
* Naidu 39% * Naidu 45%

Telangana
* YSR 39%
* Naidu 44%
* KCR+Chiranjeevi+ Balakrishna 17%

Sanjay Baba to be Baba again ?


After the official news of Sanju baba'a maariage, people are anxiously waiting for another official news from the macho star of Bollywood. If rumors are to be believed, Manyata is 3 month preganant and this has prompted our Munnabhai to expedite the marriage plan and give it an official stamp.

Manyata aka Shaikh Dilnawaz hails from Dubai but she has settled in bollywood for quite some time. People remember her from the item song in Prakash Jha's 'GangaJal'. The marriage vows were taken according to Hindu rites in Lokhandwala, Andheri at the bungalow next to the office of T-Series and neither of the families were present for the ocassion.

Lets wait and see if Sanju Baba becomes baba again.

Gopichand in league of big stars!


Gopichand is clearly inching towards big stardom. The macho hero has already established himself as a bankable star with the successes of Yagnam, Ranam and Lakshyam.

His new film, Ontari has done amazing business, setting new records in his career. The film produced by Pokuri Baburao is said to have done a whopping Rs 13 Crores (approximate) business.

Any hero who guarantees an Rs 15 Crore market is considered big mass hero by the trade. So Gopichand is all set to join the select league of big heroes. He is just shy of that range. If Ontari succeeds, he might easily plunge into it.

Chiranjeevi completes 30 years


Exactly 30 years back, a star was born. No one could have imagined on the sets of Punadi Rallu that the young actor who was donning grease paint on to his face would rule Tollywood for 30 years there after. Yes, Chiranjeevi completes 30 years as actor on Feb 11. His was a modest beginning. Although Chiranjeevi shot for Punadirallu for first time as one of actors, Pranam Khareedu was his maiden release on the same year (September 22, 1978).

Interestingly, at the end of the 30 years, he dreams to begin a new era in another field (politics) like he did in films. Lets wish him all the best!

Monday, February 11, 2008

Shamshabad airport -- An epitome !!!


The Rajiv Gandhi international airport at Shamshabad is the best in its class with the world’s best brains in airport design and passenger services joining together to execute the first-ever greenfield airport under public-private partnership in the country. “The new Hyderabad airport has several firsts to its credit. We have put together the best international companies to work with us to complete the project eight months ahead of the schedule and give passengers the best of world class services,” said GM Rao, chairman of GMR Group, which executed the mega airport project in the otherwise sleepy village of Shamshabad in the backward Ranga Reddy district 30 km from here.

In an exclusive interview to this newspaper on Monday on the eve of the calibration tests at the new airport, Mr Rao elaborated that Rajiv Gandhi international airport at Shamshabad is the first airport in India to go for LEED Certificate for incorporating green design elements. It is a non-polluting airport and passengers will have fresh air to breathe. “It is also the first airport to have integrated terminal Authorities believe that those who want to build Greenfield airports in the PPP mode would surely study Shamshabad, which has incorporated global best practices, as the most successful model.

“Passengers can enter the airport from the national highway No. 7 and from Srisailam highway,” said Mr Rao, who was happy that the rain god blessed his mega venture immediately after the puja ahead of the calibration tests. The airport has the best brains working in all its sectors. “The cargo operation will be handled by Menzies, the business hotel by Accor with Novotel brand and flight catering by LSG Sky Chef and Sky Gourmet,” said Mr Rao. The fuel farm operation and maintenance would be undertaken by Reliance Industries, duty free and retail by Nuance and Shoppers Stop, parking by Tenaga and airport lounges by Plaza Premium of Hong Kong.

“Our business philosophy is to work with the best international companies,” he said. “We have chosen them through a transparent selection process.” The airport medical centre will be manned by Apollo Hospitals and pilots will be trained by the Sabena Flight Academy while the maintenance contract has been given to Faber Malaysia. Even the house-keeping has been handed over to Sinar Jernih of Malaysia and ISS Integrated Services of Singapore. The bookstores will be run by Landmark and Odyssey.

Mr Rao said GHIAL had got the help of renowned aviation and construction experts including Prof. Rigas Doganis, fellow of the Royal Aeronautical Society, Prof. Amadeu Odoni of MIT and Prof. John Kasarda from North Carolina University. “We got the help of experts who designed Oslo and Hong Kong airport,” said Mr Rao. “The works of the passenger terminal building was taken up by China State Engineering Construction (Hong Kong) Limited.”

Mr Rao said a team had visited Bangkok to study how the existing airport there was converted to a greenfield one. “Since we know the problems which Bangkok faced, we have made our strategies accordingly,” he said. “The shifting from Begumpet to Shamshabad on March 16 will be a smooth affair. We will be running 120 special buses to several points in the city. The fare will be just Rs 95.” By all counts, the Begumpet airport would close down after March 16, though there are demands from some quarters that it be kept open.

Most Honest CM -- Tripura Chief Minister Manik Sarkar


He is probably the poorest chief minister in India. Tripura Chief Minister Manik Sarkar has no home and his bank balance is just Rs.13,920.

"I am dependent on my wife Panchali Bhattacharjee, who is an officer of the Central Social Welfare Board under the central government," he said over the weekend.

The 59-year-old Marxist has no land, no vehicle and no other moveable or immoveable assets.

Sarkar's financial condition came to light when he submitted nominations along with an affidavit declaring his assets on Jan 31 ahead of the Feb 23 assembly elections.

"As chief minister, Sarkar received a monthly salary of Rs.9,200 and subsidiary allowance of Rs.1,200 per month and these amounts he donates to the party fund, like other party men," said Gautam Das, the state spokesman of the Communist Party of India-Marxist (CPI-M).

A non-smoker and teetotaller, Sarkar's critics and archrivals in the Congress and other opposition parties are also quite impressed by his personal integrity and honesty.

"We have no doubt about his honesty, but most of Sarkar's fellow party leaders and workers are not honest," said Tapas Dey, former legislator and Congress spokesman.

Sarkar's wife also leads a simple life and prefers travelling in rickshaws.

"If Sarkar and his wife take part in the same programme, the chief minister goes in his official vehicle while his wife travels in a rickshaw or an auto," said an official of the chief minister's secretariat.

Sarkar, a close follower of late chief minister Nripen Chakraborty who was the father figure of the Communist movement in Tripura, has now set his sight on creating political history in Tripura by becoming chief minister for the third straight term.

The Marxist leader is contesting the assembly elections for the fifth time since 1981 and fighting from Dhanpur in west Tripura for the third consecutive time.

In a sharp contrast, former chief minister and state Congress president Sarmir Ranjan Burman shows his assets valued at Rs.16.41 million while his party colleague and another former chief minister Sudhir Ranjan Majumder submitted an affidavit declaring assets totalling Rs.550,000.

Opposition leader Ratan Lal Nath has moveable or immoveable assets worth Rs.21,62,000.

Sunday, February 10, 2008

India owes New York US$ 39.4 mn


Under international treaties, consulates and embassies are generally tax exempt. Their status as sovereign territory often puts them outside the reach of US law.

But in New York’s case, the city argued that it had a right to collect taxes on portions of the structures used for non-diplomatic purposes.

India’s 26-story tower near the UN holds 20 floors worth of apartments, all occupied by diplomatic employees. Mongolia’s six-story building has two floors that serve as staff residences. The Philippines’ building, on a prime stretch of Fifth Avenue, has had a variety of commercial tenants, including a restaurant, a bank and an airline office.

For years, the three countries simply ignored their New York City tax bills, but the legal tide turned in the city’s favor when the Supreme Court ruled in June that the nations could, indeed, be sued over the matter in US courts.

In a written opinion issued yesterday, US District Judge Jed Rakoff sided with the city, which could put the three countries on the hook for a big payout.

As of September, the city claimed India owed it USD 39.4 million, a total that includes millions of dollars in interest. Mongolia owed USD 4.2 million.

The long-running legal dispute had attracted attention from the US Department of State, which had sided with the foreign countries against the city. State Department officials had warned that if New York City won, the US might be forced to pay millions of dollars in taxes on various properties it controls abroad.

Saturday, February 9, 2008

Yahoo not to be (micro)SOFT -- Yahoo rejects Microsoft bid !!!


The news that yahoo board is set to reject the bid has come as a surprise.
The board plans to send a letter to Microsoft on Monday, spelling out its position.Yahoo's board believes that Microsoft's is trying to take advantage of the recent weakness in the company's share price to "steal" the company. The decision to reject the offer signals that Yahoo's board is digging in its heels for what could be a long takeover battle. The company is unlikely to consider any offer below $40 per share, the person said.

It's unclear whether Microsoft would be willing to pay such a premium, which would increase the value of its original cash and stock bid by more than $12 billion. The rejection comes as Yahoo's board has been considering various other scenarios, including a search advertising partnership Google Inc. Yahoo's directors are still considering that and other options that would safeguard the company's independence, people close the company say.

Dutt's Third and Manyata's Fourth wedlock confirmed !!!


Dutt has entered the wedlock for the THIRD time and Manyata her FOURTH!!! It was long believed that Dutt would tie the knot with Nadiya.The speculation was high after the couple jointly issued advertisement in the newspaper congratulating Bal Thackeray. The names in the advertisement were listed as 'Sanjay Dutt and Manyata Dutt' instead of her surname, Shaikh Dilnawaz.

On Saturday, Nadiya confirmed that she had married Dutt. The actress is also known as Dilnawaz Shaikh and has also done an item number in Prakash Jha film Gangajal.