Bad news for all those who had been eagerly waiting to get their hands on the first Motorola Android-based phone, as its launch has been delayed. Reportedly, US markets would be deprived of Motorola’s Android-based phone at least till the second quarter of 2009. Europe’s wait will even continue for longer as there it will arrive in the Q3 of the next year. However, in a move to compensate, Motorola is going for a novelty twofer.
It’s a big loss to the Tamil Film Industry, famous film maker CV Sridhar who was 73 years old died at Chennai Malar Hospital, where he was admitted last week on being fallen seriously ill. It was reported that the film maker suffered a stroke few years back.
On Monday, the Indigo Airlines had to undergo some unnecessary tension, following a call from an anonymous person, who said that three persons traveling in its flight to Agartala from Kolkata are terrorists. Thus a security operation was initiated.
The police sources reveal, “The anonymous caller gave the names of the three alleged terrorists who were among the passengers on the flight which was supposed to leave at 6.30 am.”
SEBI would take strict actions against illegal overseas lending and borrowing of Indian securities by FIIs. The regulatory body said in a release that it would not allow the overseas lending and borrowing activity of FIIs as it is not in the favor of cash market in India. It would give a vigil watch to such activities and may take more measures to deal with the lending/borrowing by FIIs.
The security and exchange board of India already asked FIIs to provide details of sub accounts and securities held by them. The detail would be available on the website of SEBI.
The government is taking various steps to ease the liquidity situation in the country. Now, the Reserve Bank of India (RBI) cuts rapo rates after successive cuts in the cash reserve ratio (CRR). The apex bank slashed rapo rates by 100 basis points. This is the step against the tight monetary policy adopted by the central bank. It is the first ever reduction in the rapo rates after March 2004. Rapo rates now stands at 8 percent.
The banks also started to slash the interest rates for consumers after revision of rapo rates. The fifth-largest state-owned bank, Union Bank of India reduced interest rates on home loan by 50 basis points up to a loan Rs 30 lakh.
Bad news for all those who had been eagerly waiting to get their hands on the first Motorola Android-based phone, as its launch has been delayed. Reportedly, US markets would be deprived of Motorola’s Android-based phone at least till the second quarter of 2009. Europe’s wait will even continue for longer as there it will arrive in the Q3 of the next year. However, in a move to compensate, Motorola is going for a novelty twofer. 
It’s a big loss to the Tamil Film Industry, famous film maker CV Sridhar who was 73 years old died at Chennai Malar Hospital, where he was admitted last week on being fallen seriously ill. It was reported that the film maker suffered a stroke few years back.
On Monday, the Indigo Airlines had to undergo some unnecessary tension, following a call from an anonymous person, who said that three persons traveling in its flight to Agartala from Kolkata are terrorists. Thus a security operation was initiated. 
