* Ahmedabad blasts: Haywood flees India
American mutinational company official Ken Haywood, whose computer was used to send terror e-mail minutes before the Ahmedabad  blasts, has fled from India.

    * Nothing will change
Nothing will fundamentally change in Pakistan. The political parties will soon be at each other's throats. Nawaz Sharif wants to be prime minister. One hopes the civilian leadership will not make a mess of things again, opening the doors once again to military rule.

    * The magic of the Indian bazaar

    * How Musharraf missed Nobel
Pervez Musharraf is still living in a fool's paradise. He resigned as Pakistan's president not out of any guilt but he resigned under political pressure. Just a few minutes before his speech on Monday he told one of his close friends that the coalition partners will start fighting with each other very soon, there will be more political instability in his absence, people will come out on the roads in the next six months and they will demand, 'come back Musharraf'. That is the reason Musharraf is not going out of Pakistan. He will stay in Pakistan under heavy security and he will wait for the people to call him back.

    * Pix

    * Hairstyling cues from the stars
Tom Cruise's  pretty young wife Katie Holmes  is the talk of the town thanks to her impeccable taste in clothes and her cute pixie haircut. If you've got hair that behaves (read it's straight and manageable), this is the hottest short style this season.

    * ‘Sholay's effect cannot be explained'
When we talk of Bollywood, the first thing that come to mind is Ramesh Sippy's all time classic Sholay.It is common belief in Bollywood that for a film to work, it should have at least one of these ingredients: A great story, script, sharp direction, a stellar star cast, superb dialogue, good music, effortless comedy, effective tragedy, grand production values, and an entertaining exploration of values and morals. Sholay is perhaps the only Indian film to exemplify all of these together in one, three-and-a-half-hour film

    * Pak celebrates
Pakistan's triumphant ruling coalition on Monday termed President Pervez Musharraf's decision to resign 'a victory for democratic forces' as impromptu celebrations by workers of Pakistan People's Party and Pakistan Muslim League-Nawaz erupted across the country."The biggest hurdle in the way of democracy has been removed," Pakistan People's Party chief Bilawal Bhutto told media persons shortly after the 65-year-old President decided to bow out rather than face a humiliating impeachment motion against him by the ruling coalition.

    * Sri Lanka cruise to eight-wicket win
Sri Lanka cruised to a comfortable eight-wicket victory over India in the first one-day international on Monday.

    * Fave brother: Anil Ambani
Rediff.com's  Raksha Bandhan Special featured a fun poll asking readers to vote for the celeb they'd like to tie a rakhi to or receive a rakhi from.And here are the startling results:
A billionaire brother is what everybody wants! Tycoon Anil Ambani piled up the most votes. At last count, 670 want to tie a rakhi on this Ambani bro, who is the sixth richest man according to Forbes' World's Billionaires list.

    * Intel readying sub $400 Wimax laptops for India
Intel is closely working with PC manufacturers like Dell, Acer and Asus to bring down the cost of WiMax-ready laptops to around $300 to $400 (Rs 16,000-Rs 20,000).

    * M & M inks JV with China's No 3 tractor maker; to..
Farm equipment and utility vehicle major Mahindra & Mahindra on Monday entered into a joint venture with China's third largest tractor maker Jiangsu Yueda Yancheng Tractor Manufacturing Co and will invest $26 million in the entity.
.
    * India to grow at 9.4%, says CMIE
The Indian economy would continue to clock a robust over 9 per cent growth in FY 09, the Centre for Monitoring Indian Economy said in its monthly report on Monday.

    * Workload not a bother, HR pros happiest: Study
HR professionals have emerged as the happiest lot in the country, even as they face mounting workload, a latest study says.

    * Central govt status to DD/AIR staff likely soon
The fate of 40,000 Doordarshan and All India Radio employees hangs in balance as the group of ministers on Prasar Bharati is expected to meet on August 22 to take a decision on granting Central government employee status to them.

    * Energy, metal stocks pull down Sensex
The Sensex opened 43 points lower at 14,681. After the initial weakness, the index rebounded into the positive zone and touched a high of 14,825. The index, however, could not hold gains and slipped back into the negative zone.

    * Credit crunch shock should moderate soon: Mittal
Lakshmi Mittal has said that the shock of credit crunch should moderate by early next year, with the crisis mainly affecting the financial and consumer sectors.

    * Barclays sees inflation rising to 17% by Sep
Inflation is likely to continue moving northwards and the country is expected to witness more controlling measures such as increase in retail fuel prices in the near future, a latest report by British banking giant Barclays says.Earlier, the global investment banker had said: "We believe WPI inflation will remain in double-digit territory until May 2009. We expect WPI inflation of 17 per cent by September 2008".

    * No monthly hike in petrol price likely
The government is set to dump B K Chaturvedi panel's recommendation for a monthly increase in fuel prices till they are at par with costs, but may accept the high-powered committee's suggestions for imposing a tax on oil produced from fields awarded before 1999.

    * UP to implement 6th pay panel report
In an obvious bid to be one up on her latest number one political foe, the Congress, Uttar Pradesh Chief Minister Mayawati on Monday declared in the State Assembly that her government would promptly implement the recommendations of the Sixth Pay Commission.

    * Photo: Amrita Rao's hot item number
    * You may just get hooked
    * Spotted: Brittany Murphy in Tokyo
    * Ram Gopal Varma to take on the media
    * From superstar to a political leader
    * Your fave pin-up girl?
    * *Ayudham* is run of the mill
    * Rajnikanth to return Rs 10 crores?
    * *Anthoo Inthoo*: Well made
    * *Arjun*: Not even for Darshan fans

 
 

 * Omar Abdullah threatens to quit over JK violence
Threatening to quit Parliament if 'excessive force' was used against protesters in Kashmir, National Conference chief Omar Abdullah on Sunday said that a sustained dialogue between the coordination committee of various separatist groups and Shri Amarnath Sangarsh Samiti could resolve the shrine land row.

    * Nadal wins tennis gold
Rafael Nadal  of Spain added an Olympic  tennis gold to the French Open and Wimbledon titles he has won this year, powering to a 6-3, 7-6, 6-3 victory over Chile's Fernando Gonzalez in the men's singles on Sunday

    * JMM to withdraw support to Jharkhand government
Plunging the state into political uncertainty, the Jharkhand Mukti Morcha on Sunday decided to withdraw support to the Madhu Koda-led coalition government in Jharkhand and explore the possibility of making its supremo Shibu Soren the chief minister with the support of Independents.

    * Week's Best: Playing into the hands of the jihadis

    * Image: When Obama met McCain
Obama and McCain participated in a town hall style meeting moderated by Saddleback Church pastor Rick Warren.Obama and McCain shook hands and hugged briefly during the two-hour discussion.

    * 10 calculations to know

    * Finally, Chiranjeevi announces entry in politics
Ending a year-long speculation, Telugu superstar Chiranjeevi  on Sunday announced his entry into politics and said pro-poor policies and social justice will be his party's main agenda.

    * 'Cricket should not be in Olympics'
Cricketers might be excited at the idea of competing in Olympics  but former champion Linford Christie has strongly opposed it, fearing the sport would "hamper" prospects of individual disciplines which wait for the Games to showcase their talents to the world.

    * Rakhi special: India's celebrity siblings
Rakshabandhan is around the corner and here are celebrity siblings who are tight-knit and sure to celebrate the day with each other -- and a few who are not!Let's start off with chhote nawab Saif Ali Khan and his ravishing sister Soha  -- possibly the best-looking brother-sister duo in the country, this one (keep in mind they have another sister too, jewellery designer Saba). Both have made their mark in Bollywood and while they are very close, it's a well-known fact that Saif doesn't like his baby sis to expose too much or wear provocative clothing on screen!

    * Ahmedabad blasts accused remanded to custody
Nine activists of the banned Students Islamic Movement of India, arrested in connection with the Ahmedabad  serial blasts case, were on Sunday remanded to police custody for 14 days by a local court.

    * Dial M for mobiles
    * Let's green the politics first
    * Mumbai malls, offices buy captive power concept
    * Delay in launch of 3G to help BSNL, MTNL
    * An interview with Rama Prasad Goenka
    * Pay panel: States can bear the burden, say experts
    * Retail biz: What we have liked
    * Govt extends pension entitlement to 20 years
    * GAIL plans total takeover of ONGC's gas marketing
    * Maruti wants to make Indian roads safer

    * God Tussi Fake Ho!
    * Don't say Ranbir didn't warn you
    * No good, not good at all
    * Spotted: Katrina Kaif in Mumbai
    * Ravi Teja entertains
    * Why Ileana refused Rajnikanth's *Sultan*
    * Naseer, Anupam Kher together after 10 years
    * Deepika or Preity: Who makes a better face on TV?
    * Saif, Darsheel to receive Rajiv Gandhi Award

 
 

* Images
Jamaica's Usain Bolt won the men's Olympic 100 metres in stunning style on Saturday, obliterating his own world record to win in 9.69 seconds.

    * Federer leads Swiss to doubles gold
Switzerland's  Roger Federer  won the Olympic  gold medal he craved on Saturday when he and partner Stanislas Wawrinka beat Swedes Simon Aspelin and Thomas Johansson 6-3, 6-4, 6-7, 6-3 in the men's doubles final.

    * Boxing: Vijender Kumar in last eight
Continuing the stupendous show of Indian boxers, Vijender Kumar stormed into the quarterfinals of 75kg middleweight event of the Beijing  Olympics  after overwhelming Angkhan Chomphuphuang of Thailand 13-3 in a lop-sided pre-quarterfinal bout on Saturday night.

    * Bolt wins 100m gold in world record
Jamaica's Usain Bolt  won the men's Olympic 100 metres in stunning style on Saturday, obliterating his own world record to win in 9.69 seconds.

    * Football: Italy crash out of Olympics, Brazil in SF
Brazil  advanced to the semi-finals of the football competition with a 2-0 win over Camerron after extra time.The five-time world champions, who are yet to win an Olympic  gold, were aided by goals from Rafael Sobis and Marcelo.

    * More revelations
The case has been solved and details that are emerging are not just worrying but show the spilt within the Indian society. Within the jungles of Kerala [Images] and Gujarat, training camps are organised where training to plant bombs is being imparted to young Indian Muslims.There is an inter-state network functioning capable of motivating 20-25-year boys to turn against the nation. The worst fears have come true.

    * Pics

    * ODI stats

    * Gay fails to qualify for 100m final
World champion Tyson Gay  failed to qualify for the 100 meters final at the Beijing  Olympics  on Saturday.

    * Djokovicclaims bronze
Serbia's Novak Djokovic  won the first medal of the Olympic  tennis tournament on Saturday, beating American James Blake 6-3, 7-6 to go home with bronze.

    * Dial M for mobiles

    * Let's green the politics first
The public regulator has to drive the purpose of technology introduction; private industry must be open and accountable to public funds, which are fuelling its business for public good, and at all stages, public research and public scrutiny must be welcomed and assisted. Let us be clear, green technologies need green politics as well.

    * Mumbai malls, offices buy captive power concept
Malls, commercial spaces and residential buildings coming up in Mumbai have found a novel way to save themselves from the power cuts under which the city is reeling.Property developers are setting up their own mini-power plants to meet captive requirements of the malls or residential complexes they are building.

    * Delay in launch of 3G to help BSNL, MTNL
Any delay in the launch of 3G, or third generation wireless technology, services will have an adverse impact on incumbent GSM operators as well as the six new UASL (universal access service licence) holders, who see it as a key to future growth.However, operators said the chief beneficiary would be the state-owned Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd , which have already been given the spectrum for 3G services, as well as Reliance Communications , which is still to roll out its 2G GSM network.

    * An interview with Rama Prasad Goenka
Rama Prasad Goenka, founder of the Rs 13,000-crore (Rs 130-billion) RPG Enterprises, lives a life of a retired family patriarch in Kolkata today.My life has been  full of interesting people", he tells Business Standard when asked about memories of an era when the open Indian economy was converted into a closed one based on the licence raj by the person whom he openly idolises, former Prime Minister Indira Gandhi."I can't speak too much -- my sons are in business and they will get into trouble because of me", he quips in a free-wheeling interview.

    * Pay panel: States can bear the burden, say experts
The Cabinet's decision to implement the Sixth Pay Commission's recommendations has put pressure on state governments to revise salaries.State governments usually adopt the central pay commission's recommendations with some modifications or they form their own commissions. Either way, the central commission is seen as a benchmark by the state employee unions.

    * Retail biz: What we have liked
We've all been exposed to the retail industry for long enough for us to know that the words "Lucky Winner" is probably the second-most used phrase, bowing deferentially to the omnipresent, almighty  "Free"!  As frequently used are the words/ phrases so are its advertising avatars.

    * Govt extends pension entitlement to 20 years
In a development that could well encourage more civil servants and armed forces personnel to opt for careers in the private sector, the government has decided to grant full pension benefits to all government employees who leave after 20 years in service, against the current 33 years.

    * GAIL plans total takeover of ONGC's gas marketing
Country's largest gas marketing and distribution company GAIL India  may take over marketing of natural gas from ONGC  entirely.

    * Maruti wants to make Indian roads safer
Maruti [Get Quote] Suzuki Ltd wants to ensure that its cars don't create havoc. The company also hopes to create jobs. To meet these goals, the company initiated a driving school, the Institute of Driving Training and Research, in cooperation with the Delhi government through a non-profit society. The company now has 42 small neighbourhood driving schools.

    * God Tussi Fake Ho!
    * Don't say Ranbir didn't warn you
    * No good, not good at all
    * Spotted: Katrina Kaif in Mumbai
    * Ravi Teja entertains
    * Why Ileana refused Rajnikanth's *Sultan*
    * Naseer, Anupam Kher together after 10 years
    * Deepika or Preity: Who makes a better face on TV?
    * Saif, Darsheel to receive Rajiv Gandhi Award
    * Spotted: Sharman Joshi in Mauritius


 
India on alert 08/15/2008
 

 * Yuvraj powers India to 92-run win
Riding on vice-captain Yuvraj Singh's  explosive 172, India on Friday defeated Lankan XI convincingly by 92 runs in a practice match in Colombo ahead of the five-match one-day series against the hosts

    * Akhil stuns world champ
India's Akhil Kumar on Friday night pulled off a major upset by stunning world champion Sergey Vodopyanov of Russia  in the 54 kg pre-quarterfinal bout in the Olympics .

    * India on alert
Unprecedented security marked India's 62nd Independence Day celebrations on Friday. The recent blasts in the country have left security officials on their toes on the D-Day.

    * Snapshots

    * View: Implications for India in NSG draft proposal
The cleverly worded US draft to the Nuclear Suppliers' Group for carving out an exemption for India from the NSG rules (called "guidelines") seeks to irrevocably tether New Delhi to the nuclear non-proliferation regime. What is significant is that this draft proposal was submitted last week to the NSG chair, Germany , after consultations with the Indian government.

    * God Tussi ..
When writer turned director Rumi Jaffery was asked if God Tussi Great Ho is a copy of Bruce Almighty, he denied it.I wonder what the lie-detecting chair would indicate if he was posed with the same query in his talk-show within the movie, Jhooth Bole Kauva Kaate?

    * Images

    * From heart surgery to gold medal
American swimmer Rebecca Soni smashed the world record in winning the 200 metres breaststroke at the Beijing [Images] Olympics  on Friday, two years after having heart surgery.

    * Sobering thoughts on Independence Day
As a patriotic Indian on a visit to Delhi  on August 15, I should have been at the Red Fort  this morning to listen to the prime minister. I remember how we braved the traffic congestion and huge crowds to attend the Independence Day and Republic Day events in the past.But today, like many other patriotic Indians, I remain indoors. No doubt, we have high definition television sets, not just to bring those scenes home, but also to proclaim the rapid strides the country has made since those difficult days when black and white television could not recreate in our living rooms the riot of colours that every Indian celebration generates. But the empty seats in the VIP rows, the thin crowds and the prime minister's pointed reference to terrorism from behind his bullet proof enclosure told its own tale about my beloved nation.


    * L C Jain
The light or the good news is that on the quiet an army of political and social servants of Mother India is forming across the country, and by the millions. They are drawn not from any illustrious dynasties but from amongst the downtrodden: from amongst women, scheduled castes, and scheduled tribes. They embrace each village, to wit, from the gram panchayats numbering over 233,000. They are certain to occupy the centre and the periphery of our polity in the next twenty years -- hopefully sooner.


    * Armed forces react positively to Pay Panel
    * 3G guidelines: DoT rebuts FinMin's charges
    * Oberoi Group to open 10 more hotels by 2011
    * Inflation zooms to 12.44%
    * B'lore co to launch electric scooter, eyes US market
    * BSNL to install WiMax BTS in 1,000 blocks
    * Pay Panel: Lalu thanks PM
    * Stocks to buy with a long-term view
    * SC okays job & for invalid staff's kin
    * Billionaires: The Next Generation



    * God Tussi Fake Ho!
    * Don't say Ranbir didn't warn you
    * No good, not good at all
    * Spotted: Katrina Kaif in Mumbai
    * Ravi Teja entertains
    * Why Ileana refused Rajnikanth's *Sultan*
    * Naseer, Anupam Kher together after 10 years
    * Deepika or Preity: Who makes a better face on TV?
    * Saif, Darsheel to receive Rajiv Gandhi Award
    * Spotted: Sharman Joshi in Mauritius

 
 

* Jammu discriminated against, Advani tells PM
As Jammu and Kashmir  continued to be on the boil, senior Bharatiya Janata Party leader L K Advani alleged on Thursday that the United Progressive Alliance government was lacking seriousness to resolve the problem and accused it of 'discriminating' against Jammu and 'alienating the nationalist opinion.'

    * 'Winning Khatron Ke Khiladi is a good feeling'
After performing some very dangerous stunts in the desi version of Fear Factor called Khatron Ke Khiladi, Nethra Raghuraman has emerged winner.

    * Chargesheet against Musharraf on Friday
Pakistan's ruling coalition on Thursday rejected President Pervez Musharraf's call for reconciliation and announced that a chargesheet for his impeachment will be finalised on Friday, but apparently faced differences among allies on giving a "safe passage" to him.

    * Images

    * We must be united against terrorism: President
Against the backdrop of escalating violence in Jammu and Kashmir  over the Amarnath land row, President Pratibha Patil [Images] on Thursday appealed for calm and said differences could be addressed through 'dialogue and reconciliation'.In her second address to the nation on the eve of Independence Day, Patil made no direct mention of the simmering crisis but said "whatever the problem, whatever the cause, whatever the reason, there is no place for violence in our society."

    * Blake stuns Federer
Top seed Roger Federer  was beaten 6-4, 7-6 by American James Blake in the quarter-finals of the Olympic [Images] men's singles on Thursday.

    * Amarnath shadow on Doda's tenuous peace

    * Blake routs Federer
James Blake shocked world No 1 Roger Federer 6-4, 7-6 (2) to move into the last four of the tennis competition at the Beijing Olympics on Thursday.The American, who had taken just a set off the Swiss in eight meetings, won the surprisingly one-sided contest to end Federer’s medal hopes and continue his so far disappointing year.

    * Pakistan PM rejects Musharraf's appeal
Pakistan's ruling coalition on Thursday rejected President Pervez Musharraf's  Independence Day reconciliation appeal to his opponents -- who are set to impeach him --  saying that democratic forces have united to 'defeat dictatorship'.

    * Inflation zooms to 12.44%
Inflation has shot up to a 16-year high of 12.44 per cent!Despite the government's efforts to control prices, inflation continues to rise, as prices of pulses, spices, eggs, fish and meat among other things continued to rise.

    * How good is this 21% pay hike?
Notwithstanding the average pay hike of 21 per cent for over 50 lakh central government employees announced on Thursday, the median salary of the government staff would still fall behind those employed in the private sector by more than Rs 100,000 per annum.

    * Armed forces react positively to Pay Panel
The armed forces, which had initially expressed discontentment over quantum of salary hike proposed by the Sixth Pay Commission, reacted positively on Thursday to the Centre's announcement adopting the panel's recommendations.

    * 3G guidelines: DoT rebuts FinMin's charges
Charging that the ministry of finance had not been consulted on DoT guidelines on auction and allotment of spectrum for 3G and WiMax telecom services, Subbarao had said: "The issue of guidelines without any consultations with the ministry of finance, either within the forum of telecom commission or outside, is inappropriate and contrary to the Cabinet decision."

    * Oberoi Group to open 10 more hotels by 2011
Oberoi Group plans to set up 10 more hotels in India and abroad by the end of 2011 and adding 2,300 rooms.

     * Inflation zooms to 12.44%

    * B'lore co to launch electric scooter, eyes US market
Bangalore-based EKO Vehicle Pvt Ltd is all set to launch its electric scooter EV 60, priced at Rs 39,600, next month, a top company official said on Thursday.

    * BSNL to install WiMax BTS in 1,000 blocks
To an effort to boost its rural broadband plan, state-run telco Bharat Sanchar Nigam Limited on Thursday said it is planning to install WiMax base stations in 1,000 blocks across India by the end of this fiscal that will provide high-speed Internet access to 25,000 villages.

    * Pay Panel: Lalu thanks PM
An elated Railway Minister Lalu Prasad Yadav thanked Prime Minister Manmohan Singh for addressing grievances of railway employees in the Sixth Pay Commission recommendations which the government approved on Thursday.

    * Stocks to buy with a long-term view
Even though the Sensex tasted some gains today the sentiment has more or less remained negative.The Sensex opened with a negative gap of 185 points on Wednesday.

    * SC okays job & for invalid staff's kin
The Supreme Court has upheld the Constitutional validity of appointment on compassionate grounds of the kith and kin of those government servants who seek retirement on medical invalidation.Such appointments on 'compassionate grounds' cannot be confined only to those employees who die in harness (serving), but can also be available to others provided it does not perpetuate hereditary appointments, or is discriminatory in nature, a bench of Justices R V Raveendran and L S Panta has held.

    * Billionaires: The Next Generation
The world's current crop of billionaires has plenty of money but not much youth. The average age of the 1,125 people on Forbes' list of the world's wealthiest is 61. It's impossible to predict exactly who will replace them, but don't bet against people like the Birches.

    * No good, not good at all
    * Spotted: Katrina Kaif in Mumbai
    * Ravi Teja entertains
    * Why Ileana refused Rajnikanth's *Sultan*
    * Naseer, Anupam Kher together after 10 years
    * Deepika or Preity: Who makes a better face on TV?
    * Saif, Darsheel to receive Rajiv Gandhi Award
    * Spotted: Sharman Joshi in Mauritius
    * *My Friend Ganesha* is back!
    * Trishna is back!

 
 

 5 things to know before applying for a car loan

    * Sania-Sunitha crash out
A half-fit Sania Mirza  and rookie Sunitha Rao tried every tricks in the book but still could not avert a defeat against top seeded Russian duo of Svetlana Kuznetsova  and Dinara Safina in the second round of the women's doubles tennis event of the Beijing  Olympics  on Wednesday night.

    * Experts' View: How to tackle the J and K crisis
Jammu and Kashmir  is in flames, again. The issue of land allotment to Shri Amarnath Shrine Board has taken an unexpected turn and separate agitations in Jammu and the Kashmir Valley have divided the state on communal lines. On the ground, law and order situation has turned unsafe.
Gary Saxena, Former J&K governor and former chief of the Research and Analysis Wing said Unless the law and order situation comes under control nothing can move further.

    * Day's Pix: A polar bear's debut and Perseid meteor

    * CV advice: Focus on achievements not clients

    * 'Men believe women always wear sexy underwear'

    * 6th Pay Panel report to be approved on Aug 14
Civil servants, armed forces and paramilitary personnel will get to rejoice this Independence Day with the government all set to approve the Sixth Pay Commission report in  its Cabinet meeting on Thursday.

    * Images

    * 'Bindra's gun was tampered with'
The Indian camp in Beijing  went into a tizzy on Wednesday following reports that Abhinav Bindra's  gun sights were tampered with before Monday's 10m Air Rifle final at the Olympics .

    * 'Disability is in the mind of society'

    * 6th Pay Panel report to be approved on Aug 14

    * India Inc's M & A spree logs a fall of $27 bn: Survey
Mirroring a slowdown in the global markets the merger and acquisition spree of corporate India has been dampened registering a decline of as much as $27 billion so far this year, says a survey.

    * WTO: India ready to talk if US stand is positive
India on Wednesday said it is willing to get back to global trade talks if WTO chief Pascal Lamy gets a positive signal from US next week for resolving the Doha deadlock on issue of safeguards for farmers in developing countries.

    * 'Indian economy optimistic; GDP to grow 7.9% in 09'
Soaring inflation and global recessionary trends notwithstanding, India has emerged as the most optimistic economy with majority of the privately-held businesses in the country feeling positive about their prospects for the next year, says a report.According to a recent report prepared by advisory firm Grant Thornton India, the country is the most optimistic along with Philippines.However, the report said India is witnessing a slowdown and projected GDP of 7.9 per cent for this fiscal.

    * Ease ECB norms, says PM's panel
Projecting 34 per cent decline in foreign capital inflows due to uncertain external environment, the PM's Economic Advisory Council (PMEAC) on Wednesday made a strong case for easing the External Commercial Borrowing guidelines to help corporates borrow funds from overseas debt market.

    * No slowdown, economy to grow at 8%: Chidambaram
Finance Minister P Chidambaram on Wednesday said he was confident that the economy will grow close to 8 per cent this fiscal, although the Prime Minister's Economic Advisory Council saw gross domestic product expansion slowing to 7.7 per cent.

    * Rs 300-cr Hyundai arm to begin production
Hyundai Construction Equipment India, subsidiary of Korea's Hyundai Heavy Industries, said on Wednesday its Pune-based plant would begin production from this month.

    * Russian beats L N Mittal with costliest home
Steel tycoon Lakshmi Mittal has lost the world record for the most expensive home purchase to an anonymous Russian billionaire, who has forked out $750 million for a French villa, built by a Belgian king and once frequented by the likes of Frank Sinatra and Ronald Reagan.

    * A Tata initiative: Jagriti Yatra
The Tata Group and Jagriti Sewa Sansthan, an NGO that promotes entrepreneurship, have joined hands to launch 'Tata Jagriti Yatra 2008.'

    * Govt draws flak from TDSAT on HITS
Broadcast tribunal TDSAT on Wednesday dismissed petitions of two Zee group firms Dish TV and WWIL seeking signals to operationalise HITS platform, while coming down heavily on the government for not bringing proper guidelines for its implementation.

    * Saif, Darsheel to receive Rajiv Gandhi Award
Actors Saif Ali Khan  Lara Dutta  and Darsheel Safary have been named amongst the recipients of this year's Rajiv Gandhi Awards for their contribution to Hindi Cinema.

    * Spotted: Sharman Joshi in Mauritius
    * *My Friend Ganesha* is back!
    * Trishna is back!
    * The Ishmeet I Knew
    * 'I prefer newcomers'
    * Spotted: Amitabh Bachchan at Egyptian embassy
    * 'I just want to make good films'
    * Meet Surya-Jyothika's daughter, Diya
    * The world laps up *Singh is Kinng*!

 
 

 * Day's Pix: The London Eye and the Wall of Death

    * Pakistan wants immediate end to J and K violence
Ignoring India's strong reaction to its comments on the situation in Jammu and Kashmir , Pakistan on Tuesday again raked up the issue, seeking an "immediate end to violence" in the state

    * Poll schedule in 5 states by September 6
The Election Commission will announce the schedule of the Assembly elections in five states of Delhi , Rajasthan, Madhya Pradesh , Chhattisgarh and Mizoram on September 5 or 6, clamping its code of conduct on the political parties and governments from that date.

    * 'It stands alone even today. An achievement'
n terms of artistic achievement, it stands alone even today. It marks Indian cinema like this; before Pather Panchali  and after Pather Panchali.Satyajit Ray made no compromises while pursuing his passion. He followed certain values and he had a certain integrity which he adhered to throughout his life as an artist. He never led a double life. Like a true artist, he totally dedicated his life to the art he believed in.

    * India warns Pakistan
India on Tuesday reacted strongly to comments by Pakistan on the situation in Jammu and Kashmir , terming these as 'clear interference' in this country's internal affairs and cautioned that such remarks do not help the atmosphere for moving the bilateral dialogue process forward.This is the second time in five days that India reacted sharply to such comments emanating from Pakistan over the situation in Jammu and Kashmir.

    * 'The train is a great leveler'
The best way to get a sense of India is to travel by train. The Indian train is a great leveler. Where else can you gauge culture, people, geography, people like on a train journey. It is a life experience that makes you feel good.

    * Contrasting day for India's shooting heroes
Abhinav Bindra basked in his new found glory, while Rajyavardhan Singh Rathore's vulnerability managed a manifestation as the Beijing Shooting Range on Tuesday witnessed a contrasting day in the life of India's two Olympic heroes, present and past.Bindra's epoch-making gold catapulted him to international glory with the local media going gaga over the babyface shooter.

    * Deer hunter Eller wins gold
Walton Eller of the United States was in a class of his own in winning the men's double trap shooting Olympic gold medal on Tuesday.

    * 800 terror cells in India
Indian intelligence agencies have uncovered at least 800 terrorist cells in the country operating with "external support," and are now looking for the brains behind them within India, National Security Adviser M K Narayanan has said.

    * At 61, why there is still hope for India
Events in the last few months have left most of us disillusioned. Unabated inflation, a difficult economic scenario, unbridled terrorism and debauched politics has left all of us, especially the middle class of the country, questioning the very existence of this nation as a political entity.

    * WTO trade deal possible in 2008: Lamy
The good news is that there may be still a possibility to move this forward and conclude these negotiations within the time-frame which all the WTO members had agreed since last year, that is end-2008," WTO Director-General Pascal Lamy said at a CII meeting.

    * Reliance Retail ties-up with UK toy retailer, Hamleys
Mukesh Ambani-run Reliance  Retail, on Tuesday tied-up with UK-based toy retailer, Hamleys, and is likely to commence operations from April next year.

    * Microsoft's largest facility outside US opens in Hyderabad
Microsoft India Development Centre (MSIDC) inaugurated a new facility on Tuesday, its largest outside the United States, at its campus in Hyderabad.

    * Go shopping, big discounts till Aug 15!
It's going to be a bonanza for customers as major retailers have gone on an overdrive with heavy discounts ahead of the Independence Day.

    * Make electricity while climbing stairs!
Two Chennai-based doctors have claimed to have invented a device that can produce electricity while one walks and climbs stairs.According to a press release from Nichi-In Bio Sciences Ltd, an Indo-Japanese joint venture company, said a simple generator kept under the stairs acts by a lever, which goes down by the weight when one walks over it. This action rotates gear attached to a dynamo, which produces electricity.

    * IOB spares home loans up to Rs 30 lakh
Public sector Indian Overseas Bank  on Monday announced 0.50 per cent hike in benchmark lending rate to 14 per cent with effect from August 16, but spared housing loans up to Rs 30 lakh and education advances from the increase.The existing housing loans and education loans, which are linked to BPLR, are exempted from the present revision, IOB said in a filing to the Bombay Stock Exchange.

    * Lamy meets PM
WTO Director General Pascal Lamy met Prime Minister Manmohan Singh on Tuesday and is believed to have sought a clear indication whether India wants to move ahead in the troubled Doha negotiations or take a pause.

    * Cheating case: Apollo Health CEO held
The chief executive officer of Apollo Health and Life Style Limited (AHLL) Ratan Jalan, was arrested by Uttar Pradesh police from Hyderabad in a cheating case booked at Aligarh.

    * Left union flays petrol price hike plan
The Left-leaning trade union CITU on Tuesday condemned the high-powered B K Chaturvedi Committee's call for raising fuel prices every month till they are in line with costs saying the panels' report should be outrightly rejected.

    * India to grow at 7.5-8% in 2008: S & P
Global rating agency Standard & Poor's on Tuesday said tight monetary policy to tame rising inflation will slow down India's growth a bit to 7.5-8 per cent in 2008 and expressed concern about the worsening fiscal situation

    * The Ishmeet I Knew
    * 'I prefer newcomers'
    * Spotted: Amitabh Bachchan at Egyptian embassy
    * 'I just want to make good films'
    * Meet Surya-Jyothika's daughter, Diya
    * The world laps up *Singh is Kinng*!
    * Isaac Hayes no more
    * Spotted: Imran Khan!
    * Is SRK the most unpopular star in the industry?
    * 'I am upset and shocked'


 
 

 * Pak troops fire mortars at Indian post along LoC
Continuing with their provocative postures along the Line of Control with India, Pakistan Army troops on Monday lobbed mortars and targeted small arms fire at an Indian post in Poonch sector of Jammu and Kashmir , breaching a November 2003 ceasefire agreement between the two countries for the 22nd time since January this year.

    * Tamil Nadu terror accused's day in court
Three suspected terrorists -- Abdul Ghafur, Heera and Ali Abdullah -- arrested in connection with the plot to blow up trains in Chennai and Tirunelveli -- were brought before the fourth Judicial Magistrate D Selvam in the Tirunelveli court on Monday. They had been in police custody for 10 days.

    * Bindra reflects a self-confident generation
Abhinav Bindra gave India its first gold medal at the Beijing  Olympics  when he won the 10 metres air rifle event on Monday morning.

    * Images

    * 'Victory of nation'
It is not only an occasion for us to celebrate, but whole nation is feeling proud. It is a victory of the nation and not just Abhinav's victory," said Dr A S Bindra and Babli Bindra, the proud parents of Abhinav Bindra , reacting to their son's gold medal-winning feat at the Beijing Olympics  on Monday.

    * Images: When IAF's best take on the world
Foreign air forces will keenly watch the performance of IAF fighter pilots as they showcase their skills at the world's most advanced 'Red Flag' NATO exercise at Nellis airbase at Nevada in the United States.

    * ‘India must give Abhinav respect, kudos, love'

    * Monthly petrolrate hike of Rs 2.50 mooted
The high-level Chaturvedi Committee has recommended raising petrol prices by Rs 2.50 a litre per month till March 2009 and diesel prices by Rs 0.75 per litre till 2010 to eliminate subsidies on the two fuels.

    * Sri Lanka beat India 2-1
Sri Lanka  clinched a 2-1 series victory with an emphatic eight-wicket victory against India in the deciding third Test in Colombo on Monday.

    * Inflation control no bar to growth
There are confident assertions by observers of another hike before the year ends. A research report by Merrill Lynch, prepared after the most recent hikes loftily proclaims: "Expect 75 bps CRR and 50 bps repo rate hike by the RBI in the second half of 2008-09." The Citigroup expects the RBI "to maintain its tightening stance using a combination of repo and CRR hikes."the RBI looks like a maestro who has a piano with only three keys to play upon, and who, for all it is worth, keeps pounding them, producing only loud clanging noises and no music
.
    * SBI hikes lending rate by 1%
State Bank of India on Monday announced hike in benchmark lending rate by 1 per cent to 13.75 per cent with effect from tomorrow as a fall out of RBI's tight monetary policy."Benchmark prime lending rate is revised from 12.75 per cent to 13.75 per cent," the bank said in its filing on BSE.

    * Hero Electric eyes overseas market
Bike maker Hero Electric has decided to foray into overseas market starting with exports of e-bikes to SAARC countries this year and also plans to set up a new greenfield assembly unit.

    * Dalal Street regains Rs 50-trillion m-cap mark
The stock market on Monday regained its Rs 50,00,000 crore (Rs 50,000 billion) market capitalisation mark as investors' wealth appreciated by close to Rs 1 trillion on wide-based buying interest on the bourses

    * Airtel's Rs 1,947 I-Day offer for prepaid users
Bharti Airtel on Monday announced an Independence Day Special offer for its prepaid customers in Delhi and NCR.This  offer is available on recharge of Rs 1,947 where the customers would get talktime of the same amount and the company has waived the processing charges as well as service charges on this, the company said.This recharge coupon would have a validity of one year and customers can make STD calls for One rupee for one month.

    * Set up bourse for small firms: Sam Pitroda
Sam Pitroda-headed National Knowledge Commission has recommended setting up of a stock exchange for small companies and creating various instruments to help these firms raise initial capital as they face difficulties in doing so.

    * SC issues notice to PwC
A bench headed by Justice S H Kapadia issued notice to PricewaterhouseCoopers (PwC), being a non-resident firm, on an appeal filed by the Income Tax department seeking the apex court's interference on the issue whether other statutory provisions charging interest can be applied to the assessee which had failed to pay advance tax.

    * Govt unlikely to relax ECB norms
The government has no plans to change the overseas borrowing norms for firms at present, but may consider the demand of the industry to revise rules for interest spread for such borrowings, a senior finance ministry official said on Monday.

    * Doha talks: Lamy to meet PM tomorrow
WTO Director General Pascal Lamy will meet Prime Minister Manmohan Singh in New Delhi on Tuesday and is likely to seek India's views on the options before the multilateral trade body to bring the beleaguered Doha Round of trade talks back on rail.

    * Chennai, Kolkata airports' modernisation to begin...
Modernisation of Kolkata and Chennai airports by the Airports Authority of India will start next month, soon after the Cabinet Committee on Economic Affairs clears these mega projects.

    * Sahara plea: SC to decide on Oct 21
The Supreme Court will decide on October 21 a petition by a Sahara group company challenging the Bombay high court's order that stalled its plans to build 200 bungalows and a golf course on a 600 acre land in Mumbai's outskirts.   

    * Spotted: Imran Khan!
    * Is SRK the most unpopular star in the industry?
    * 'I am upset and shocked'
    * Salman: Shah Rukh and I can't be friends
    * *Veruthe Oru Bharya* is preachy
    * There's no stopping *The Dark Knight*
    * Kamal to team up with Rajni's daughter?
    * *Kuselan* flops in Karnataka
    * See RGV's *Phoonk* alone & win Rs 5 lakh
    * Catch the Unforgettable tour on TV!


 
 

* Phelps wins 'cool' first gold
Swimmer Michael Phelps  demolished his own world record to win a first Olympics  gold on Sunday in the quest for an unprecedented eight, but conflict in Georgia and a dozen bomb attacks in west China spoiled the party mood.

    * 'We are determined to take our trucks through PoK'
Fruit growers in the Kashmir Valley on Sunday said they are determined to take their trucks via Muzzafarabad in Pakistan-occupied Kashmir and route their produce into India from there.

    * Sridhar breezes into 2nd round
Anup Sridhar, India's lone male entry at the Beijing Olympics'  badminton competition, breezed into the second round of the singles event with a straight games' victory over Marco Vasconcelos of Portugal on Sunday.

    * India battling to save Colombo Test
India were desperately struggling to save the series deciding third and final Test at 161 for 5, just managing to wipe out the deficit in their second innings against Sri Lanka  on the third day in Colombo on Sunday.

    * Pics

    * Hurriyat ready to find a solution
All Party Hurriyat Conference Chairman Mirwaiz Umer Farooq on Sunday said the Hurriyat was willing to find an amicable solution to the problems that Kashmir has witnessed after the state government headed by Gulam Nabi Azad had first allotted land to the Kashmiris for creation of facilities to Sri Amarnath Shrine Board.

    * Malik ends fast
Jammu and Kashmir  Liberation Front Chairman Yasin Malik ended his five-day-old fast on Sunday afternoon after receiving an assurance from the Prime Minister's Office.The PMO has assured Malik that vehicles bound for Kashmir will be protected and security would be ensured for the Muslim community in Jammu region.

    * Watch RGV's Phoonk alone and win Rs 5 lakh
In an attempt to excite audiences, Ram Gopal Varma and One More Thought Entertainment have announced a unique contest -- daring people from across the country to watch the movie alone in a theatre.Phoonk is a movie based on black magic. The movie makers claim that the film is the scariest ever and have thus announced a reward of Rs 5 lakh to any person who completes the task.

    * Brazil score
Ronaldinho scored twice as Brazil thumped underdogs New Zealand 5-0 to guarantee a berth in the quarter-finals of the Olympic Men's Football tournament.

    * Dr Singh, UPA's natural choice as PM: Pawar
Prime Minister Manmohan Singh  appears a natural choice as the prime ministerial candidate of the United Progressive Alliance in the next elections and it may be 'too early' for Rahul Gandhi , Nationalist Congress Party chief and a key UPA partner, Sharad Pawar  has suggested.

    * Learn English, FM tells software grads
    * Narayana Murthy's advice to youngsters
    * All about the Google Lively experience
    * Check out the Audi RS6 Avant!
    * Volkswagen's perfect shot with Golf GTI!
    * How GAIL made profits
    * Orchid founder may buy back stake from Ranbaxy
    * Walt Disney buys 15% stake in UGBL
    * Ex-Dell chief named Microsoft India MD
    * The art of designing modern homes

    * See RGV's *Phoonk* alone & win Rs 5 lakh
    * Catch the Unforgettable tour on TV!
    * Court sides with Manoj Kumar over *OSO* scene
    * *Kuselan* gets lukewarm response at box office
    * Sikh youth protest against *Singh Is Kinng*
    * 'Ranbir & I are extremely fond of women in *Bachna*'
    * Kamal Haasan's Rs 150 crore film!
    * Singh is RocKing
    * Sanjaya leaves fans screaming for more!
    * For Ganesh's fans


 
 

* Monika Devi cleared of doping charges
Weightlifter Monika Devi was on Saturday cleared of dope charges by Sports Authority of India (SAI) but there appeared to be little chances of her taking part in the Beijing Olympics

    * Expert CV tips

    * A mixed opening day for India
India began its Olympic  campaign on a mixed note on Saturday with three ace shooters failing to qualify for the finals while the women archers, a rower, a badminton player and a pugilist made it to the next rounds of their respective events.

    * Saina sails into second round
Ace Indian shuttler Saina Nehwal  toyed with her Russian opponent Ella Karachkova before thrashing her in straight games to storm into the second round of the women's singles event of the badminton competition at the Beijing Olympics  on Saturday.

    * Mayawati takes on Rahul on N-deal, point by point
Congress general secretary Rahul Gandhi  may have been lauded for his recent speech in defence of the nuclear deal in Parliament, but Uttar Pradesh  Chief Minister Mayawati  is not convinced.  

    * Zorbing in Solang!
Zorbing, the sport of rolling down the slopes inside a huge ball is attracting tourists to the lush green slopes of the Solang valley, Himachal Pradesh. The zorb ball is 16 feet wide and carries two people inside it.

    * Learn English, FM tells software grads
Union Finance Minister P Chidambaram on Saturday asked software graduates to give importance to communication skills in English besides a good technical knowledge as premier companies like Infosys  looked for students with ability to communicate in English well.

    * Phelps begins with Olympic record
Michael Phelps  safely cleared the first hurdle in his quest to win eight gold medals on Saturday when he broke his Olympic record to qualify fastest for the 400 metres individual medley final.

    * Images

    * Live bomb found in Surat, defused
A live bomb was found on Friday near Amroli Bridge in Katargam area of Surat , taking the total number of explosive devices found from the city to 25 in the last fortnight.

    * Learn English, FM tells software grads

    * Narayana Murthy's advice to youngsters
India has now seen a positive growth and youngsters have greater responsibility to make this growth sustainable, non-executive chairman and chief mentor of Infosys Technologies, N R Narayana Murthy, said on Saturday.

    * All about the Google Lively experience
When Google Lively launched recently, the response from many, including diehard Google fans, was underwhelming. Lively is another virtual worlds experiment, on the lines of the hugely popular Second Life.

    * Check out the Audi RS6 Avant!
Apart from inducing pale faces on Formula One drivers, the RS6 Avant is an exceptionally practical car which can carry a catalogue full of Swedish furniture home if you insist. And yes, it has a ten cylinder engine - which on quiet nights makes long distance calls to a wild aunt living at Sant'Agata.

    * Volkswagen's perfect shot with Golf GTI!
This is the new "old" VW Golf. It might resemble the Scirocco from the front, but the rest of it is still the current Mark V Golf. Confused?

    * How GAIL made profits
The Rs 18,008 crore (Rs 180.08 billion) GAIL's  net profit for the June 2008 quarter at Rs 890 crore (Rs 8.9 billion), up 31 per cent y-o-y, has surprised the Street.

    * Orchid founder may buy back stake from Ranbaxy
K Raghavendra Rao, one of the founding promoters and managing director of Orchid Chemicals and Pharmaceuticals, said he may initiate talks to buy back its 14.7 per cent stake that is now with Rexcel, a unit of pharma major Ranbaxy
.
    * Walt Disney buys 15% stake in UGBL
The Walt Disney Company has invested Rs 118 crore (Rs 1.18 billion) for a 15 per cent stake in UTV Global Broadcasting (UGBL), the broadcasting arm of UTV Software Communications Walt Disney currently holds 300,000 equity shares in the company.

    * Ex-Dell chief named Microsoft India MD
Filling in the vacuum created by the high-profile exit of Neelam Dhawan, who quit Microsoft India to join Hewlett Packard (India) in June this year, the software giant on Friday announced the appointment of Rajan Anandan � former Dell India head (Dell India VP and Country GM) as its new managing director.

    * The art of designing modern homes

    * Catch the Unforgettable tour on TV!
    * Court sides with Manoj Kumar over *OSO* scene
    * *Kuselan* gets lukewarm response at box office
    * Sikh youth protest against *Singh Is Kinng*
    * 'Ranbir & I are extremely fond of women in *Bachna*'
    * Kamal Haasan's Rs 150 crore film!
    * Singh is RocKing
    * Sanjaya leaves fans screaming for more!
    * For Ganesh's fans
    * Akshay is the *Kinng*