Saturday, October 25, 2014  News  
Rajat Gupta arrested, charged with securities fraud - 10/27/2011

TOI

NEW YORK: Former Goldman Sachs director Rajat Gupta was today arrested after he surrendered to the FBI, and charged with six counts of insider trading.

Prosecutors allege that Gupta shared classified information about Goldman, Procter & Gamble, and Berkshire investment with hedge fund billionaire Raj Rajaratnam, the founder of the Galleon group.

A federal grand jury in Manhattan charged Gupta, one of the most prominent Indian Americans in the financial sector, with one count of conspiracy to commit securities fraud and five counts of securities fraud, all related to Goldman tips in 2008.

"Rajat Gupta was entrusted by some of the premier institutions of American business to sit inside their boardrooms, among their executives and directors, and receive their confidential information so that he could give advice and counsel for the benefit of their shareholders," Preet Bharara, the Manhattan US attorney, said in a statement.

"As alleged, he broke that trust and instead became the illegal eyes and ears in the boardroom for his friend and business associate, Raj Rajaratnam, who reaped enormous profits from Mr Gupta's breach of duty," the statement said.

The charges carry a potential penalty of 105 years in prison.

Gupta, 62, a former director of Goldman Sachs and Procter & Gamble and head of McKinsey & Company, came under the scanner after prosecutors charged the Sri Lanka born Rajaratnam on insider trading charges.

Rajaratnam had been sentenced earlier this month to 11 years in prison.


Mudaragandi : St Francis Xavier's parish cemetery cleaning - 10/26/2011

Sunil Dsouza - Waves MudarangadiOur St Francis Xavier's parish cemetery was cleaned on 25th of October 2011. More than 60 parishioners participated and helped in cleaning the cemetery. Parish Priest, Vice president, Secretary, Ward Gurkar’s also joined in this good effort. At the end, the participants were offered soft drinks and thanked for all the efforts put in to maintain parish cemetery grounds.
 























Recently attacked institutions submitted memorandum to Police Commissioner - 10/26/2011

MM-RD

Mangalore: St Theresa School, Bendoor and  Padua Pre-University College administration, parents and staff submitted a memorandum to police commissioner Seemanth Kumar Singh urging to provide security from attacks in future on October 24, Monday.

St Theresa School

Reportedly the unidentified miscreants had attacked both the institutions in the early hours of Sunday morning.

Speaking to the media, Sr Rose Celine, secretary of Bethany Educational Society said  that they had requested the police commissioner arrest the culprits in order to maintain peace and harmony in the region.

Fr Michael Santhumayor, principal of Padua Pre-University College said, three unidentified miscreants who came in bike around 3 am have attacked the prayer hall.

It is noted that Padua College was also attacked thrice like St Theresas School.



MSD, India remain unbeaten, blank England 5-0 - 10/26/2011

TOI
India whitewash England
 
KOLKATA: And then, suddenly, that air of inevitability!
England, raising hopes of pulling one back with a final fling, fell into the familiar pattern as Team India completed a clean sweep of the five-match Airtel ODI series with another emphatic win on Tuesday. Overcoming a mid-innings crisis, the Indians first scrambled to a formidable 271 for 7 in their quota of overs and then weathered a rollicking opening stand of 129 runs to win the fifth ODI by 95 runs.
After failing to record a single victory on their disastrous tour of England in the summer, the 5-0 scoreline would have brought Mahendra Singh Dhoni and his men great satisfaction, especially in the light of the fact that several leading players had to skip the series through injuries.
The skipper led from the front on Tuesday, boosting a sagging run-rate with a flurry of sixes in the final overs after England skipper Alastair Cook had completed a clean sweep of the toss and put the hosts in.
After making a cautious start, Dhoni bludgeoned his way to an unbeaten 69-ball 75, his stature as the 'best finisher in ODIs' well reflected in the rare record of not being dismissed during the entire series.
England launched a rapid, credible reply with Craig Kieswetter and Cook taking the fight to the Indians with controlled aggression. While the new ball and the early overs of spin made no impression on the free-flowing English openers, it all changed after India's pace-bowling find Varun Aaron made the breakthrough by beating skipper Cook with an angular delivery. The spinners took over from there.
Ravindra Jadeja and Ravichandran Ashwin spun a web around the batsmen as they shared the bowling Powerplay, which produced four wickets for just 10 runs. Manoj Tiwary, who had looked a trifle tight in an opening over that cost 13 runs, came back with more flight and belief. As wickets fell at regular intervals and the slow strangulation began, it was all a familiar tale.
Jadeja, who picked up four wickets, was adjudged Man of the Match while Dhoni was a very popular choice for the Man of the Series honour. But it all came after some anxious moments. The hosts, 80 for no loss with the new opening combination of Ajinkya Rahane and Gautam Gambhir cruising along, were rocked by three wickets that fell in the space of just nine deliveries and the addition of one run.
It all started with Gambhir dragging the ball onto his stumps as he tried to force Finn off the back foot to cover, his dismissal a replay of the one in Mumbai on Sunday. Five balls later, Finn sent back Virat Kohli in a classical 'set-piece', beating the in-form batsman with one that left him and following it up with a sharp in-cutter that kissed the off-stump as Kohli shouldered arms.
Rahane departed, driving Tim Bresnan far from his front-foot, Craig Kieswetter reacting quickly to pull off a sharp one-handed catch on his right and make amends for failing to grab a Gambhir edge off Stuart Meaker when the batsman was 25. The bowling Powerplay produced just 10 runs, 6 of them from a Graeme Swann over.

Belman: Deepavali Celebrations held at St. Joseph School - 10/26/2011

Bellevision-PK

Belman,: The festival of lights which goes beyond caste or religion, provides equal feeling and joining the nation, which is a symbol of unity, said the Senior Gandhian, freedom fighter 89 year old Badiyadka Namadeva Shenoy. He was speaking upon inaugurating the Deepavali - 2011 celebrations by lighting the lamps with the gathering held at Belman St. Joseph School on Monday.
 
Speaking further Shenoy said that, the dreams of Mahatma Gandhi and Acharya Vinobhaji; the truth, non-violence, sacrifice and equal among all the religions has to be fulfilled. If the politics gets mixed up with the science it will cause destruction. Only when the spirituality gets along with the science then it will be possible for the development. Our Indian land is sacred, there is thought of spirituality and development of the whole world and Jai-Jagat is our slogan, he said.

 


 
Speaking on the occasion Chief Guest of the function Ravishankar - Education Officer, Karkala Public Education Department, said that the national rich festival Deepavali unites us all. Deepavali means for children it is the feast of fire crackers. He advised the children to burn the fire crackers safely in the presence of the elders and warned on the dangers involved. By celebrating the festivals together in the schools the children get the education of harmony, he said.
 
Gregory Menezes - Vice President of Church Parish Pastoral Council distributed the fire crackers Nakshatra Kaddi to the students and conveyed the best wishes. Others guests and dignitaries present on the dias were; Lioness Gretta D’Souza, Belman Education Coordinator Shailaja Hegde, Hebri Education Coordinator Mahabala Nayak, Lioness Pramila Menezes, Grama Panchayath member Geeta Prabhu, Member Prabhakar Shetty, Belman Corporation Bank Manager U. Ashok Pai and Retired teacher Felcy D’mello.
 
On this occasion senior leader B. Namadeva Shenoy was felicitated on behalf of Lioness Club. Retired Teacher Marceline Saldanha was honoured with Deepavali honour. Senior Teacher Sewrine Mendonsa welcomed the guests and the gathering. School Headmistress Sr. Monica honoured the guests with flower bouquets. Teacher B. Pundalika Marathe compeered the program. Teacher Vincent Pinto proposed vote of thanks.
 
Dance teacher Harish, Drawing teacher Suresh Kulal, Physical teacher Harshendrakumar Jain had conducted the cultural programs. Deepavali feast lunch was organized for students and their parents.

 


Vijaya Bank celebrates 81st founding day at Manasa Pamboor - 10/25/2011

BV

Udupi: October 23 being the founding day of Vijaya Bank, its 81st anniversary celebrations were organised by Shirva Vijaya Bank Branch Manager Mr Panduranga Kamath and his staff at Pamboor Manasa Rehabilitation and Training Centre for people with special needs by distributing sweets for the inmates and honouring the international medal winner, sports person and inmate Ms Prameela.

 


Branch manager Mr Panduranga Kamath highlighted in simple words the achievements and services of Vijaya Bank and how the bank is helping, in its limited capacity, the needy children with special needs. Pamboor Parish St Vincent de Paul Society President Mr Panjimaru Lucas D’souza and Shirva Rotary President Mr Pambooru Ronald Sequeira were the chief guests. Also present were bank assistant manager Mr Sadananda Shetty, bank staff member Mr Prashanth Shetty and bank customer Mr Sandesh Kumar. Manasa institute Principal Sister Thelma welcome the gathering and the warden of the centre Sister Lisa proposed a vote of thanks.


'Let Advani give accounts of the Yathra' - 10/25/2011

DHNS- rd

Udupi : The Congress has questioned as to what credibility the BJP has to take out Janachethana Yathra.

Deputy Prime Minister L.K. Advani’s Bharat Uday Rath Yatra before leaving the City Beautiful on Thursday morning.

At a time when the BJP led State government is caught in one or the other scam how can BJP leader L K Advani take out a Yathra against corruption, said AICC Secretary Shantharam Nayak.

Addressing a press meet here on Monday, he said that crores of rupees were spent on similar yathras in the past. However, the BJP has failed to provide any account on the expenditure of the yathra till today.

Give accounts
He urged Advani to provide accounts of the yathra after completing the yathra.
 “The BJP is losing its popularity in the State. The BJP has been demanding to bring back black money stashed abroad. In reality, it was one of the BJP leaders who had deposited huge amount in the Swiss Bank. Unfortunately, the leader is no more, he said.

The BJP President Nithin Gadkari acts the way RSS wants him to act. Hence, the BJP does not have any control over him, he said.

The image of the State has been spoiled by the former chief minister B S Yeddyurappa. If given a chance, Gujarat Chief Minister Narendra Modi and Nithin Gadkari would have denotified even Taj Mahal, he ridiculed adding that Team Anna has no respect for the Constitution. The Jan Lokpal Bill will not help any commonman, Nayak said.

Ready for polls
He said the Congress is ready to face the forthcoming Udupi-Chikmagalur by-election.

We have held meetings in Udupi, Kaup, Karkala and Kundapura to discuss on the by-election. However, we have not taken any decision on the candidate.  Former ministers Jayaprakash Hegde, Vasanth Kumar Salian were present.


15 tourists from 14 Countries go round tourist Centres - 10/25/2011

MM-RD

Udupi: 15 Representatives coming from 14 countries on Sunday visited the MGM College and Poet Laureate Manjeshwara Govind Pai Centre of Languages, Yakshangana Study Centre and other Arts Centres here.

14-country

They belonged to a church Reforms Committee from Countries like Germany, Cuba, S. Africa, USA, Congo, Indonesia etc., and 15 of them as tourists came to know of local cultural values and folkarts. They observed local ways of living among people.

In the evening, they visited Karkala, Gomata Statue on a hill, Chaturmukha(4-faced temple)Basadi, Ane Kere(the elephant tank), a 1000 pillared Jain temple of historic Moodubidre and other sites of tourism interests.

Dr. Herinje Krishna Bhat, a scholar, N.T. Bhat, Dr. Sadanand, and Vasant Kumar among were present to greet the foreign guests.



Kuwait-based Syrian attempts suicide after Gaddafi's death - 10/25/2011

GN

Manama: A Kuwait-based Syrian woman has attempted to kill herself after hearing about the death of Libyan former leader Muammar Gaddafi, local media reported.

According to Al Watan, the 31-year-old woman was overtaken by grief after seeing the lifeless body of Gaddafi on television in a confirmation of his death and swallowed a large quantity of medicine.

Her family called the paramedics who acted quickly to rescue her, the daily said.

Several Arabs have refused to believe that the Libyan leader who ruled his country for more than 42 years was dead.



Pakistan buries former first lady Bhutto - 10/25/2011

GN

NAUDERO, Pakistan: Thousands of mourners led by President Asif Ali Zardari turned out Monday for the burial of former Pakistani first lady Nusrat Bhutto, the mother of assassinated prime minister Benazir Bhutto.

The widow of Pakistan's first democratically elected leader, Zulfiqar Ali Bhutto, and mother of Pakistan's twice elected prime minister Benazir Bhutto, she died aged 82 after a long illness in Dubai on Sunday.

Her body was flown home, where Pakistan People's Party (PPP) officials and supporters attended the funeral at the Bhuttos' ancestral seat of Naudero, led by son-in-law Zardari, grandson Bilawal and Prime Minister Yousuf Raza Gilani.

Born into a wealthy Iranian family that moved to Karachi, she married into what would become Pakistan's most famous political dynasty in 1951 and became herself a powerful spiritual force within the PPP.


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