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Couple arrested for Rs.500 crore fraud
Report dated 13/11/2012 @ 3:11 PM
Ulhas Prabhakar Khaire, 33, and his wife Raksha J Urs, 30, have been arrested in Ratnagiri in connection with one of the largest frauds in the country after they cheated people of Rs.500 crore.
The couple posed under the aliases Lokeshwar Dev and Priyanka Saraswat Dev, and duped people on the pretext of investment in their company Stock Guru India, located in west Delhi, on the promise of lucrative returns against promissory notes provided by the accused and others.
Two lakh people were cheated across the country by the accused who are involved in other cases of cheating,forgery, and fraud in Uttarakhand, Himachal Pradesh, Rajasthan, Madhya Pradesh, Sikkim, and Maharashtra.
Prisoners to perform at Kolkata International Film Festival
Report dated 11/11/2012 @ 3:18 PM
A group of 48 inmates serving life sentences at Kolkata's Presidency and Alipore jail will perform at the inauguration ceremony of the Kolkata International Film Festival at which Bollywood superstars Amitabh Bachchan and Shah Rukh Khan will be present.
The prisoners will present four group dances which include traditional folk, a peacock dance and an invocation to Goddess Kali. The performance will be an excerpt from Rabindranath Tagore's dance drama 'Valmiki Pratibha' and is directed by dancer and choreographer Alakananda Roy who has trained the inmates in the process of their gradual return to mainstream society.
Also present on the occasion will be Katrina Kaif, Anushka Sharma and Mithun Chakraborty, as well as West Bengal Chief Minister Mamata Banerjee.
Indian students win 8th Intel Global Challenge in US
Report dated 10/11/2012 @ 2:16 PM
Greenway Grameen Infra, a team of student entrepreneurs from India has won the 8th annual Intel Global Challenge at UC Berkeley, a global business plan contest that encourages student entrepreneurs to tackle some of the world's most pressing issues and rewards innovative ideas that could have a positive impact on society. The winners created efficient biomass-based cooking solutions.
In countries where nearly 3 billion people still use indoor open fires and traditional mud stoves to cook, leading to negative impacts on the environment and economy, the team's flagship product the 'Greenway Smart Stove', incorporated a unique airflow generator that saves fuel consumption by up to 65 percent and reduces smoke output by 70 percent. Since it was commercially launched in 2011, Greenway Grameen Infra has sold over 12,000 units and the company now plans to add two new stove designs and a waste heat-to-electricity converter to its product offering.
Shelly Esque, President of the Intel Foundation and global director of Intel's Corporate Affairs Group said these global student entrepreneurs have developed first-class business plans.
The grand prize winners received $50,000 and the three best-of-category winners each received $15,000. Two additional prizes of $2500 were awarded to the winning teams of a social media challenge and an audience favourite contest.
The competition drew 25 teams from 16 countries.
Accusations of money in Swiss banks denied by Reliance, Jet Airways
Report dated 10/11/2012 @ 2:16 PM
Anti-corruption activist Arvind Kejriwal from India Against Corruption, who is on a campaign of demolishing "holy Cows' in politics and the corporate world, claimed that Reliance Industries Chairman Mukesh Ambani and his brother Anil held accounts in a branch of the UK-based HSBC in Geneva, and that Naresh Goyal of Jet Airways also held black money accounts.
Both Reliance and Jet Airways summarily rejected the allegations, saying their bank accounts are fully compliant with all regulations and are disclosed in their appropriate jurisdictions and in India.
Kejriwal also accused three people affiliated with Dabur India of holding such accounts.
BJP's Ram Jethmalani calls Lord Ram a 'bad husband'
Report dated 09/11/2012 @ 2:05 PM
Speaking at a function to launch a book in Delhi, the BJP's Rajya Sabha member Ram Jethmalani said 'Lord Ram was a bad husband'.
The sometimes outspoken Jethmalani continued, saying he did not like Lord Ram at all because he sent poor Sita into exile just because some fisherman said something.
He then took a jibe at Lakshman saying he was 'even worse'.
Jethmalani also earlier spoke against religion and said India is at the crossroads of the very fate of this planet. Religion has produced terror.
Needless to say the BJP are embarrassed at Mr Jethmalani's offerings.