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Washington, June 11 : The Academy of Motion Picture Arts and Sciences has dismissed as "unprecedented and preposterous" Indian music composer Ismail Darbar's charge that A. R. Rahman "bought" his Oscars for "Slumdog Millionaire" in 2009.

"It is not unusual for an individual to express the view that Academy members selected the wrong recipient for a particular award, but to charge that a win was achieved by underhanded means is unprecedented and preposterous," the Oscar panel stated Friday.

Mumbai, June 11 : India's foreign exchange (forex) reserves soared by $2.69 billion to $312.90 billion for the week ended June 3 on the back of a sharp increase in the value of gold reserves and foreign currency assets.

This is the third consecutive week that the country's forex reserves kitty has seen a jump. The country's foreign exchange reserves have increased by a whopping $5.41 billing in the last three reporting weeks.

Mumbai, June 11 : M. F. Husain was always full of excitement and ever on the move, reminisces Madhuri Dixit, the celebrated painter's first Bollywood muse with whom he had planned an ambitious project on Indian cinema. The diva, who had spoken to Husain over a month ago, says he would become sad about not being able to return to India.

Gurgaon, June 11 : One of the first Indian actors to work in international movies, Om Puri feels crossover cinema has a bright future if made on "relatable issues". A veteran of over 250 films, he also advises newcomers to complete their education before joining the "speculative" movie industry.

"The future of crossover cinema is very bright, but we must realise that crossover cinema can only survive if we talk about common problems. If other people are not able to relate, obviously the films won't be successful,"
60-year-old Om told IANS in an interview here.

After much speculation, Avaya filed documents with the Securities and Exchange Commission for an initial public offering worth $1 billion.

After the IPO, the networking and communications technology vendor will be valued at $5 billion. A part of the funds raised in the issue will be used to pay down long-term debt, among other things, Avaya said in a statement.

Software giant, Microsoft has announced a new feature for Xbox offering live TV to its millions of users around the world, at the Electronic Entertainment Exposition (E3) event on Los Angeles on Monday.

The company will enter into partnerships with regional cable companies to offer live TV, indicating that the transmission will through cable and satellite companies and the users might have t sign up for a subscription service to use their console as a TV.