New Delhi

Samsung is No. 1 smartphone maker in India: IDC

Samsung is No. 1 smartphone maker in India: IDCNew Delhi : India, the fastest growing smartphone market in Asia Pacific, is witnessing a weaker pace of growth at 84 percent year-on-year compared to the triple digit expansion seen in the first quarter this year.

During the April-June quarter, smartphone shipment in the world's second most populous market grew 84 percent to 18.42 million units from 10.02 million units (in April-June 2013 quarter), research firm IDC said.

Compared to this, sales had zoomed 186 percent in January-March 2014 to 17.59 million units compared to sales in the same quarter of the previous year.

Leander Paes drops out of top 10 in latest rankings

Leander-PaesNew Delhi: Veteran star Leander Paes dropped out of top-10 after losing a place in the doubles ranking, while Rohan Bopanna slid to 29 following a steep loss of eight places in the new chart issued on Monday.

Paes, who lost in the second round of the Cincinnati Masters with partner Radek Stepanek, is now placed 11th and continues to be India`s top-ranked player.

Paes and Bopanna are the only top-30 players from the country in the world rankings while left-handed Divij Sharan, who is unchanged this week, is the next best at 111.

Bankers order forensic audit of Bhushan Steel

Bhushan-SteelNew Delhi: Cracking the whip on cash-starved Bhushan Steel, a consortium of bankers Monday ordered a forensic audit into the books of account of the company and asked its promoters to infuse more capital to ensure that it remains solvent.

The decision was taken at a lenders meeting Monday to take a stock of the situation following the arrest of Bhushan Steel Vice Chairman and Managing Director Neeraj Singal by the CBI in an alleged cash for loan scam involving Syndicate Bank Chairman S K Jain.

Prime Minister Modi to inaugurate four-laning of Kaithal highway tomorrow

Narendra-ModiNew Delhi, Aug 18 : Prime Minister Narendra Modi will inaugurate the four-laning of the over 160-kilometer-long national highway from Kaithal to the Haryana-Rajasthan border at Kaithal tomorrow.

This road will pass through Kalayat, Narwana, Barwala, Hisar and Siwani towns. The project shall benefit the people of four districts in terms of improved living standarda, safe connectivity and economic prosperity, an official press statement said.

Twenty-three underpasses and over 20-kilometer-long service roads are proposed in the project near villages which shall ensure the safety of the pedestrian and the people residing off the highway.

HDFC Bank opens branch in Dubai

HDFC-BankNew Delhi: Expanding its global footprint, HDFC Bank has opened a branch in Dubai to provide wealth management services to large Indian diaspora in the Gulf city.

This is the bank's third overseas branch after Bahrain and Hong Kong, the bank said in a statement.

In the United Arab Emirates, the second largest private lender has representative offices in Dubai and Abu Dhabi, and plans to continue running both of them, it said.

"The new branch at Dubai International Finance Centre (DIFC) will offer advisory services to NRIs regarding treasury products, trade finance, loans and other related services," it said.

Bipasha Basu attends Umang Festival in Mumbai

Bipasha-Basu-at-Umang-FestivalNew Delhi, Aug 18 : Bipasha Basu was recently spotted promoting her upcoming movie 'Creature 3D' at the Umang Festival in Mumbai.

The 35-year old actress looked fresh in a pink layered Nikasha dress.

Basu was seen interacting with her fans about her movie ' Creature 3D '.

The Umang festival is proving to be a popular platform for film promotions as earlier, Shraddha Kapoor and Shahid Kapoor also went to the same festival to promote their upcoming film 'Haider'. (ANI)

Market expert predicts Sensex will cross 28000 by Diwali

BSE-SensexNew Delhi, Aug 18 : Market expert Akash Jindal has predicted that the Bombay Stock Exchange's Sensex will cross 28000 points by Diwali and 30000 points by the New Year.

Talking to ANI, Jindal said, "Because of the Modi Government, investors are looking at India with a lot of confidence, whether domestic or international investors, FIIs or FDIs. Some factors which are essential have gone up - car sales have gone up in the last three months and job recruitments have also increased."

Gold futures fall on weak global cues, profit-booking

GoldNew Delhi: Gold prices fell 0.82 percent to Rs 28,420 per 10 grams in futures trade today amid a weak trend overseas and profit-booking by speculators.

At the Multi Commodity Exchange, gold for delivery in December fell by Rs 236, or 0.82 percent, to Rs 28,420 per 10 grams in a business turnover of 14 lots.

Likewise, the metal for delivery in October shed Rs 224, or 0.78 percent, to Rs 28,390 per 10 grams in 537 lots.

Analysts said besides profit-booking by speculators, a weak trend in the overseas markets as the outlook for an improving US economy outweighed tension in Ukraine, weighed on gold prices at futures trade here.

ISKCON temple all set for Janmashtami celebration

ISKCON temple all set for Janmashtami celebrationNew Delhi, Aug. 18 -  The International Society for Krishna Consciousness ( ISKCON) temple is all set for celebrating Janmashtami, the birthday of Lord Krishna in an astounding manner.

In the temple, 'Mangal Aarti' ended at around 4.30 in the morning, followed by the 'Sringar' of Lord Krishna.

Prime Minister Modi greets nation on Janmashtami

Nare-ModiNew Delhi, Aug 17 : Prime Minister Narendra Modi today greeted the nation on the auspicious occasion of Janmashtami.

In a tweet, Prime Minister Modi said, "Greetings on Janmashtami! May Lord Krishna bless our lives with peace, prosperity and happiness."

Lord Krishna is said to have been born at midnight on the ashtami or the 8th day of the Krishnapaksha or dark fortnight in the Hindu month of Shravan (August-September). This auspicious day is called Janmashtami. (ANI)

Centre defers state FMs study tour to China, Russia

narendra modiNew Delhi: The Narendra Modi government has put on hold the proposal of the Empowered Committee of state FMs on GST to visit China and Russia on a 16-day study tour.

This was the seventh overseas visit planned by the Empowered Committee to study the structure of Goods and Services Tax (GST) since 2006.

The government, which has imposed restrictions on overseas visits by officials and senior government functionaries, has deferred the proposed tour, sources said.

I got a very good vibe from Homi: Pankaj Kapoor

Pankaj KapoorDelhi: Veteran actor Pankaj Kapoor, who plays the role of a belligerent painter in `Finding Fanny`, says he joined the project because it gave him a chance to work with director Homi Adajania and a talented starcast.

"I got a very good vibe from Homi. I felt very comfortable in his presence. I felt he was chilled out and a nice guy who came up with an interesting script. He gave me a lot of confidence as a person. The kind of role I play in the film is very unique and something that I have never done before," Pankaj said.

Manmohan Singh joined pre-medical course, backed out: Daughter

Daman SinghNew Delhi: Manmohan Singh had joined a pre-medical course as his father wanted him to become a doctor but pulled out after a couple of months, losing interest in the subject, according to a book on the former prime minister by his daughter.

Daman Singh charts the journey of her parents in her book "Strictly Personal: Manmohan and Gursharan", providing new insights into the couple but keeps away from the last 10 years when Singh was heading the UPA government.

She also finds her father to be a funny man saying he has a good sense of humour.

In April 1948, Singh was admitted to Khalsa College in Amritsar.

Carnival Group to invest Rs 700 cr to expand multiplex network

Carnival GroupNew Delhi: Media and entertainment firm Carnival Group will invest up to Rs 700 crore this fiscal to add 175 multiplex screens mainly through acquisitions.

In order to fund its expansion programme, the group is in talks with two private equity firms based in Singapore and London to raise around Rs 350-400 crore.

"Our vision is to have 300 screens by end of this fiscal. We will invest Rs 600-700 crore to add 175 multiplex screens," Carnival Cinema MD Shrikant Bhasi said.

Jan Dhan Yojana name was chosen in a contest on govt website

Narendra ModiNew Delhi : Do you know the origin of the name "Pradhan Mantri Jan Dhan Yojna", a scheme to financially empower the poor, announced by Prime Minister Narendra Modi on Friday?

The name was selected through a contest on 'Mygov' website launched by Modi last month to enable common people to share their thoughts and ideas.

It was chosen after scrutinizing 6,000 entries from all over the country.

Under the scheme announced by Modi in his Independence Day speech, poor people will get bank accounts with debit cards along with an insurance cover of Rs one lakh each.

Canara Bank aims cash recovery of Rs 6,500 crore this fiscal

Canara-BankNew Delhi: State-owned Canara Bank on Saturday said it aims cash recovery of Rs 6,500 crore this fiscal which may result in lowering of non-performing assets (NPA).

"The bank did cash recovery of Rs 5,000 crore for the year ended March 2014, this year (2014-15) we expect this to go up to Rs 6,500 crore," Canara Bank Chairman and Managing Director R K Dubey said at an event organised by Association of Business Chambers of Commerce and Industry.

PM calls for Digital India to improve governance

Narendra ModiNew Delhi : Expressing the government's resolve to move towards the goal of 'Digital India', Prime Minister Narendra Modi today underlined the need for using information technology to improve governance and spread education and medical facilities.

"Youth belonging to the IT profession have paved the way for establishing India's new identity in the world. Digital India is our dream for the nation. When I say 'digital India' it is not meant for the rich but for those who are poor,"he said in first speech from ramparts of Red Fort here.

Parliament, executive should not interfere in judiciary : CJI

R-M-LodhaNew Delhi, Aug 15 : The Chief Justice of India, R. M Lodha, said Friday that he hopes the judiciary, the executive and parliament are allowed to work without any interference.

Planning Commission-vestige of socialist era to become history

Planning CommissionNew Delhi: The 64-year-old Planning Commission, a vestige of the socialist era, will soon become history.

Prime Minister Narendra Modi, in his Independence Day speech, today announced that the Commission, set up in 1950 at a time when government gave public sector the commanding heights of economy, would be abolished and replaced with a more relevant institution.

Greatly impressed by the Soviet planning system, the country's first Prime Minister Jawaharlal Nehru had set up the Planning Commission to steer the nation's economic destiny.

Industry lauds PM's clear signals to make India manufacturing, export hub

export hubNew Delhi: Seeking requisite policy support and implementation measures, the industry on Friday said the Prime Minister gave clear signals to domestic and global investors to make India an international manufacturing and export hub.

"We are now confident that the 'Make in India' and 'Made in India' vision will be supported by requisite policy and implementation measures for enhancing the competitiveness of our manufacturing sector," Ficci said in a statement.

It also said the new structure that will replace Planning Commission will provide a concrete direction towards broad-based development and its monitoring.



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