Mumbai

LIC Jumps Into Credit Card Biz With GE Money

Life Insurance Corporation of India
Mumbai: Life Insurance Corporation of India (LIC) has defined clearly GE Money India, a subsidiary of one of the world’s leading credit services company, as one of the partners in its projected credit card venture.

LIC wants to leverage its 200 million base in order to tap chances in the credit card payment industry that in 2006-07 developed by 22 per cent to Rs 41,361 crore.

Jail Term For Alistair Pereira Increased

Alistair Pereira
A Mumbai businessman, who ran over seven pavement dwellers while driving drunk last year, was given rigorous imprisonment of three-year by the Bombay High Court which stated “he doesn’t deserve sympathy.”

The HC showed Pereira no pity sentencing him for causing death because of carelessness and grievous injuries.

Sanjay Dutt Temporarily Released For A Month

Sanjay DuttMumbai: Bollywood star Sanjay Dutt is breathing easy at the moment. He will remain out of prison for an additional month after the TADA court decided to provide the actor with a judgment copy sending him to lockup for six years in the Mumbai serial blasts case only on September 27.

Gold Price may touch $700 per ounce by the end of 2007

GoldGFMS CEO Paul Walker has predicted Gold price to touch $700 per ounce by the end of year. The reason behind this is weak outlook for the US dollar and sub-prime worries in United States. Mr. Walker further stated “The sub-prime issue is just the tip of the iceberg. It is symptomatic of a larger malaise in the system.” He was in Mumbai for fourth India International Gold Convention.

Indian Cricket Odyssey Begins: Team India Leaves For UK

Indian Cricket TeamMumbai - Wednesday, June 20, 2007
Steered by Skipper Rahul Dravid, the 15-member Indian squad left for London en route to Ireland for an 80-day cricket Odyssey early this morning.
The Team India is scheduled to play 4 ODIs in Ireland. The Maiden match will be played against the hosts on June 23 followed by 3 ODI clashes with South Africa.
On July 3, the Team India will cruise to Scotland to battle out with Pakistan in a one-off ODI clash at Glasgow. The proceeds of this match will go to the Prince Charles Charitable Trust.
Dravid’s Team will then move to take on England in a 3-Test series and 7 ODIs.




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