Tuesday, August 19, 2008

ONGC caps ‘well’ after miscreants damage pipes

An expert team of ONGC Rajahmundry capped the ‘Well NRAAA’ in Amalapuram late on Sunday after water began seeping out from the well following tampering of iron pipes by some miscreant.
The concrete chamber of Well N R A A A , which was drilled in 2007 and abandoned later, was reportedly damaged by the miscreant. The locals who saw the debris immediately alerted the ONGC officials. With a view to steal the heavy duty pipe from the well, the miscreant cut the cap and the pipe. Sources said the miscreant must have used some explosives as cracks were noticed in the cement structure of the well. “This led to the underground water to come out of the well,” a source said. Immediately, the ONGC Rajahmundry Asset pressed its crisis management team to cap the well.
After removing the debris, the team connected the broken pipe, welded it, pumped in the cement and successfully capped the well, thereby arresting the leakage of water, an ONGC source revealed. The officials advised the people not to tamper the ONGC pipelines, wells. etc, since they carry highly inflammable oil and gas. “If tampered, it can result in a major fire and explosion of high magnitude resulting in widespread loss of life and property,” an official said.

Chiru party will have no impact on TDP: Naidu

The entry of Chiranjeevi into politics will in no way affect the Telugu Desam Party which has a track record of 26 years in playing dominant role in state and national level politics, party president N Chandrababu Naidu said on Monday.
At a press conference here after his return from 117 days of ‘Mee Kosam’ yatra, Naidu said there was in fact nothing for the TDP to react since so far, “Chiranjeevi has only announced his intention to jump into politics. Let them reveal their agenda, policies and programmes first,” he said.
Asked if he foresees a hung Assembly, Naidu said, “after my 117 days of Mee Kosam yatra, I have felt the pulse of the people. The possibility of a new party on the political horizon also used to figure during the interactions but my assessment is that the people want the TDP back in power and we will win hands down.”
When pointed out that Chiranjeevi was of the opinion that the Congress and TDP had lost their sensitivity to the problems of common man and hence there was a vacuum which his party would fill, Naidu said, “since inception, the TDP has always been sensitive to the problems and aspirations of the people.”
“Starting with the slogan of Telugu Atmagauravam, we went on to build self confidence among the people and succeeded in putting the state on theinternational map and brought in several reforms. I undertook the Mee Kosam yatra only because we were sensitive towards the people’s suffering in the state under the ‘demonic’ Congress rule. We have a strong cadre and we are least perturbed by Chiranjeevi’s entry into politics,” he said.
Naidu said in a democracy, anyone can float a political party. “I will not be surprised if few more parties come up before the elections. People will decide the future of the parties. With the emergence of a new party, new issues and new situations may arise but, still, nothing will happen to the TDP. We have a strong cadre and a clear agenda and public support and I am confident that we will win hands down. No one can touch us,” he said.

Musharraf quits, may go into exile

President Pervez Musharraf was on Monday virtually forced out of power, resigning in the face of imminent impeachment to bring to an end nine turbulent years at the helm amidst speculation that he may be exiled to Saudi Arabia. A stony-faced Musharraf made a rambling hour-long televised address to the nation defending his record but announced that he had decided to resign "in the interest of the country", setting off celebrations across the country.
His characteristic bluster missing, a taut and emotion-charged former army chief, who seized power in 1999 months after leading the Pakistani army in the disastrous Kargil war, stepped down after declaring that "this is not the time for individual bravado".
In the backdrop of persisting reports over the last few days that the US, Britain and Saudi Arabia were negotiating with the PPP-led government for Musharraf's "safe exit", speculation continued that he may leave the country to live in Jeddah or in Turkey but there was no confirmation from his side or from the ruling coalition.
Twice during his reign, Musharraf brought Pakistan to the brink of a war with India, the first when he organised the invasion of Kargil and after the Pakistan-supported attack on Indian Parliament in 2001. But he also cooperated in ensuring relative peace along the line of control in Jammu and Kashmir during the last five years.
Yet, he made no mention of India or Jammu and Kashmir during his farewell address. Ironically, the separatists in Kashmir welcomed his political demise. Coalition leaders including PPP co-chairman Asif Ali Zardari, Sharif, Awami National Party chief Afsandyar Wali Khan and Jamiat Ulema-e-Islam leader Maulana Fazlur Rehman met at Zardari's residence to assess the latest situation. AGENCIES
MAVERICK MUSH
As Pak army chief
Musharraf planned Operation Kargil and attacked India. PM Nawaz Sharif claimed he didn’t know about it
Becomes Pak Prez on June 20, 2001, to start a roller-coaster of a relationship with India, which is mostly bitter but at times sweet
Vajpayee-Mush summit
in Agra on 14-16 July, 2001. Ends disastrously as Mush wants to make Kashmir central point. Not even a joint statement Mush accused of covert support to terror groups in India. Things come to a boil on Dec 13, 2001, when Parliament attacked by Pak nationals in LeT squad
10-month freeze sets in. Vajpayee orders Operation Parakram. Army in warreadiness. US forces Mush to say he will act against terror
In April 2003, Vajpayee offers “hand of friendship”. Mush responds. Dialogue resumes. Mush commits in a jt statement that Pak won’t allow its soil for anti-India terrorism

Sunday, August 10, 2008

BSE launches new Internet Trading Portal

BSE has launched new Internet Trading Portal -- BSE Webx with three products viz., Eazy, Classic and Premium. Members can provide any one or all of them to their clients for smooth trading through Internet.

1. BSEWebx Eazy

This trading product offers the following features
1. Investors can view Online quotes, market depth, indices, and company related announcements on scrips.
2. The Investors can place orders, track the status of orders placed and confirmations on trade execution and view their Net/Margin positions.

2. BSEWebx Classic

This is the high end product from the BSEWebx stable offers the following
1. Investors can create his own portfolio of scrips
2. Investors can view portfolio of scrips in the market watch online.
3. The Investors can place orders, track the status of orders placed and receive confirmations on trade execution and view their Net/Margin positions.

3. BSEWebx Premium

This is the advanced product from the BSEWebx system which includes the following features
1. Investors can create multiple portfolios of scrips for market watch.
2. Investors can view multiple market watches (upto - 3) at a time
3. Charting of Scrips i.e. intra-day/EOD/historical are available to Investors
4. The Investors can place orders, track the status of orders placed and receive confirmations on trade execution and view their Net/Margin positions.

Direct Market Access (DMA)

Securities & Exchange Board of India (SEBI) vide its circular no.MRD/DoP/SE/Cir-7/2008 dated April 03, 2008 as per Annexure I, has approved and given necessary guidelines for providing Direct Market Access (DMA).

Direct Market Access (DMA) facility through various connectivity modes permits the trading members of BSE to provide direct trading terminals to their DMA clients.

As quoted in the SEBI circular 'Direct Market Access (DMA) is a facility which allows brokers to offer clients direct access to the exchange trading system through the broker’s infrastructure without manual intervention by the broker. Some of the advantages offered by DMA are direct control of clients over orders, faster execution of client orders, reduced risk of errors associated with manual order entry, greater transparency, increased liquidity, lower impact costs for large orders, better audit trails and better use of hedging and arbitrage opportunities through the use of decision support tools / algorithms for trading.'

For compliance of the said circular, the guidelines are as follows:

Eligibility:

As per the SEBI Circular, DMA facility initially is being restricted to institutional clients only.

Savory savour!

Traditional Gujarati Khandvi (Rs. 100 per kg) and piping hot veg samosas (Rs 5 each) Garnished with coconut and coriander, the mustard seeds glinting in between the paper-thin rolls of khandvi, this desi dish can entice even the most critical gourmet. Made in the traditional Gujarati style, the bright yellow gram flour and buttermilk rolls even look picture perfect! "Since this dish isn't heavy, I come here to snack after a dull day at college," pipes Sunita Daya, a student who freaks out on khandvi. You can get the rolls ready to eat in a silver foil plate or even packed to go in a box. Apart from kalakand and burfis at this sweet shop, it's the savories that can get saliva pooling at the corner of your mouth. You can't go wrong with the fresh vegetarian samosas, which are actually stuffed with peas and other veggies, unlike the potato-manic samosas you find at every other store in the city. Don't forget to ask for the awesome carrotmirchi chutney or the green chutney to go with the namkeens!

George Bush has a ball on the beach!

US President George W Bush temporarily switched roles on Saturday from commander-in-chief to cheerleaderin-chief at the Olympics, stopping by to offer support for the American volleyball and softball teams.
He made a surprise visit to the beach volleyball venue, where he watched the US men's and women's teams practice. But it took a little coaxing to get Bush out on the sand court.
The 2004 gold medal winners Misty May-Treanor and Kerri Walsh asked if he would play a little "pepper," a warmup drill bumping the volleyball back and forth. Bush initially tried to steer clear, replying "No, I'm a pretty good spectator."
But after watching for a few minutes, the bikini-clad players eventually drew him on to the court in which he hit two but missing the third try as the ball fell a little short.
Before moving over to see the men practice, May-Treanor jokingly bent over and offered Bush a chance to give her a spank on her rear __ a custom in many sports for players to offer each other encouragement.
Instead, he playfully used the back of his hand to tap her on the small of her back.
Before dropping by the practices, Bush, an avid mountain biker, took a ride on the Olympic course, which he described as "really, really difficult."
"That's why I'm an amateur and they're Olympians," he told reporters.
Joined by his wife Laura and daughter Barbara, Bush spent the evening watching the US women's basketball team beat the Czech Republic team 97-57. At halftime, stars of the men's US team –– LeBron James, Carmelo Anthony, Chris Paul, Jason Kidd and others __ sitting behind one of the baskets waved to Bush and he smiled and waved back, drawing loud cheers.
Earlier before the basketball game, Bush visited the US women's softball team to offer his encouragement and watch them take batting practice. The former president is an big baseball fan who once co-owned the Texas Rangers Major League team.
Before going through their stretches and take some batting swings, the team huddled around the president. "Who do we play for?" Bush quietly asked the group after being prompted by the coach. "USA!" the players shouted in return.