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Ranbaxy’s ex-promoters fined Rs 2,500cr May 06, 2016 15:47

Malvinder and Shivinder Mohan Singh, the former Ranbaxy promoters, will challenge a Singapore court's recent order, which has imposed a fine of $400 million (over Rs 2,500 crore), for allegedly concealing and misrepresenting facts from Japanese pharma firm Daiichi Sankyo, when they had sold the promoter's stake to it for $2.4 billion in 2008.3 years ago, a Japanese company slapped a case against Singh brothers, saying that, they hid information regarding Ranbaxy's FDA troubles, a three-member bench of the Singapore Court of Arbitration recently issued an award by 2:1 in favor of Daiichi.Filing a legal suit, the Japanese company had accused the brothers of concealing and misrepresenting facts, at the time of its $2.4 billion purchase of a controlling stake (34.8%) in the company in 2008.Close sources to the Singh family said, “It is going to be a longdrawn legal dispute, and will be challenged. The Singh family is exploring further legal options to challenge court verdict. A statement said in an arbitration dispute between Daiichi Sankyo and the sellers of shares of erstwhile Ranbaxy Laboratories, which includes RHC Holding and Oscar Investments as a party , the Arbitration Tribunal has issued an award, where the law governing dispute was Indian law by a majority of 2:1 in favour of the claimant (Daiichi).”The source further adds that, the former Chief justice of India, A M Ahmadi,  gave a dissenting opinion, dismissing all Daiichi claims, for damages of Rs 2,562 crore, quantified interest, costs and expenses of the arbitration. While Singh family promoted- Oscar investments, lost 4% on BSE to close at Rs 222, group company Fortis Healthcare lost nearly 2% to close at Rs 170. BSE has already sought the clarification from the Oscar investments, but it is not yet known whether SEBI will investigate the case.The Japanese company, in 2013, had sought compensation for losses it faced, after paying to the US Department of Justice. Soon after Daiichi acquired it, Ranbaxy's troubles started, when the US drug regulator sent warning letters on its key manufacturing facilities at Paonta Sahib (Himachal Pradesh) and Dewas (Madhya Pradesh) Adding to it, even importing of medicines was banned, due to the manufacturing lapses.In May 2013, Ranbaxy under the management control of Daiichi was forced to reach a $500-million settlement with the US Department of Justice that the company manipulated test results to get the USFDA approval for its medicines.Distressed with the several US court cases, regulatory woes and losses, Daiichi, which acquired 60% in Ranbaxy spendinv over $4 billion, has now decided to exit from the company.Sun Pharma agreed to buy the company in 2014 from Daiichi in a deal valued at $4 billion, including debt.By Phani Ch

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Distrcit level wars with new Telangana districts May 06, 2016 14:56

News: New districts in Telangana from this yearState level wars over, and next...By Phani Ch

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Novak Djokovic: Bernard Tomic is not committed to Tennis May 06, 2016 14:53

Novak Djokovic, who maintains a close relationship with the Australian player Bernard Tomic, has accused him (Tomic) saying that, he do not have commitment to the game, after he gave up in the final point of his first-round match against Italian Fabio Fognini at the Madrid Masters. Speaking over the issue, Djokovic said, “I've seen what he has done. It's not right and I hope he realises that." "I'm just hoping for him, because over the last couple of years I got to know him better and he's a good guy, he's a good person, but he's just failing to be committed to this sport as it is required." Tomic was was criticized, when he held his racquet by the strings and pointed the handle at the net as he failed to offer a return on Pakistan. Not stopping there, when quizzed on Wednesday, the situation was inflamed after the Australian showed little remorse for his actions. "I don't care about that match point, Would you care if you were 23 and worth over $10 million?", Tomic said. By Phani Ch

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Pawan Kalyan okays Vedalam, picks a director! May 06, 2016 12:02

With the disappointment, Sardaar Gabbar Singh gave, it seems, Power Star is on a spree of moving forward with the back to back films. While a movie with SJ Surya, is already at the pre-production stage, Pawan Kalyan has now nodded to another film, which is the remake of Ajith’s super hit  ‘Vedalam’.Sardaar star felt that, the revenge drama would suit to his image, and so is willing to do it. However, this project is at the loopline since long, but it is almost official now.Pawan felt, Tamil director RT Neason, who handled super hit film ‘Jilla’, would be able to do the justice to the project, and so, reportedly offered him the direction responsibilities. The young director is currently modifying the script to make it suit to the Telugu nativity and also to the image of Pawan Kalyan here. A source close to the actor reveals, “Pawan has been contemplating to star in the Telugu remake of ‘Vedalam’ for quite some time. He felt the storyline of the revenge drama would go down well with his image and his scores of fans and believed in Neason’s skills to do justice to the script. The director is presently tailoring the script to suit Telugu sensibilities.”After Bangaram in 2006, star producer AM Ratnam, would be producing this movie, who even produced the original-Vedalam.Pawan Kalyan is currently in the summer vacation. SJ Surya’s movie would start in July, after the actor comes back from the tour. If everything goes well, the Gabbar Singh star would probably participate in both the shoots, at a time.By Phani Ch

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Modi is Jagadguru of blackmail politics- Congress May 06, 2016 11:26

Congress party spokesman Jairam Ramesh dubbed Prime Minister Narendra Modi as “Jagadguru” of “politics of black mail” who is "masterminding a conspiracy", to implicate its leadership in the AgustaWestland case.Regarding the ongoing debate on the VVIP chopper scam in the Lok Sabha, Jairam alleged that, the “sole objective” of Modi and BJP chief Amit Shah, was to “fix” Sonia Gandhi and Rahul Gandhi in the scam.He further alleged that, Modi had a "brushoff meeting" with his Italian counterpart in New York last year, after which India "diluted" its position on the Italian Marines issue and invited AgustaWestland to participate in ‘Make In India’ programme."Subramanian Swamy represents the politics of blackmail, insinuation and inneundo whose Jagadguru is Narendra Modi," he claimed.Congress Vice President Rahul Gandhi is expected to lead the party's offensive in the House.Apart from Rahul Gandhi, there is no clarity on who would pitch the Congress case during the debate. However, chief whip Jyotiraditya Scindia and senior leader M Veerappa Moily names are heard big. “The Narendra Modi-Amit Shah approach of governance is fake investigation ....They have no interest in bringing closure to any case,” he said making a strong pitch for a Supreme Court-monitored inquiry into the chopper deal.To ensure a "doctored" inquiry does not take place, Ramesh said that, Congress along with BSP, JD-U and Left parties, have demanded a planned probe.Alleging that the Modi dispensation wanted a "doctored inquiry to tell the world that Congress leadership is the beneficiary", Ramesh alleged that, "There is no doubt that the Prime Minister himself is masterminding the conspiracy to implicate the Congress leadership...""You cannot run the government by practising politics of vendetta, revenge and intimidation... Governments do not function by looking backwards but forward," he said.Taking a dig at the Prime Minister, he said "acche din" (good days) for him would come only when the Congress leadership has been "fixed".Not stopping there, Jairam Ramesh even concentrated on Defence Minister Manohar Parrikar, saying that, his reply in the Rajya Sabha to the debate on AgustaWestland issue was one of the "worst examples in parliamentary history" as instead of responding to issues raised by the opposition, he read out a "catalogue of accusations and charges"."The cat is out by the manner in which the Prime Minister last night tweeted and hailed Defence Minister Manohar Parrikar's reply in Rajya Sabha on the issue. It shows not only his mindset but his strategy too," Mr Ramesh said.Ramesh questioned that, why BJP invited AgustaWestland to participate in “Make in India”, when the party is against the company. Referring to the issue of an alleged meeting between the Prime Ministers of India and Italy, Ramesh said while the External Affairs Ministry has denied that, "there was any formal meeting, it has not refuted any brush off meeting, brush on meeting, informal meeting, tea meeting, coffee meeting."Last week, Finance Minister Arun Jaitley denied the news about meeting between the two Prime Ministers was "false and untrue in entirety. No such meeting at all has been held." By Phani Ch

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Pakistani girl hanged for helping lovers May 06, 2016 10:32

According to the police, a Pakistan teenage girl was hanged, for helping a female friend to elope. Amber, a 16 year old girl of Makol village, has reportedly helped her friend Asma to escape with her lover to marry. Reacting to the issue, Abbottabad district police officer, Khurram Rashid said, “They decided that to stop 'love marriages' in the area, and so the helper girl was  punished to set an example for other girls. This is the first ever crime like this in Makol.”Amber's charred remains were found on the van’s seat, set ablaze outside the village, last Friday.After the issue went viral, the police who arrested almost all the 15 members in Jirga or village council, including Asma's father, Safdar, promised to take strict action against them.In 2013, after Supreme Court ruling, Jirgas do not hold legal power in Pakistan.Also read: Christians targeted, suicide bomb in Pakistan The girl’s body was doused in petrol and set ablaze in an attempt to hide the killing from police.Police said, Sardar Pervaz, the ‘notorious’ leader, led the act. He reportedly sent Jirga member Sardar Saeed to Amber’s home, who told the girl’s mother to handover her daughter or face her entire family being burnt alive in their home. Left with no choice, Amber’s mother Shamim Raisat sent the girl with Saeed, who then dragged Amber to another home, and drugged and hanged there. Police initially arrested Shamim Raisat, for failing to report the crime, but later said she had been under duress and scared of losing her remaining family members. The suspects will be tried in an anti-terror court.By Phani Ch

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Sai Dharam Tej- Only mega hero who did this May 06, 2016 08:57

Three mega heroes released their movies this Summer, and among them, only it is Sai Dharam Tej, who made it big, with the positive talk, right from the first show. Pawan Kalyan’s Sardaar Gabbar Singh got released last month, and ended up with the losses to the distributors. Pawan, who felt sorry for all such distributors, offered the rights of his next movie with SJ Surya, at the lesser cost. On the other hand, Allu Arjun’s Sarrainodu too was in the Summer race. The movie has opened to the mixed reviews all over. Due to the over dosage of the violence, the movie could not reach the expectations of the audience. Then came the third mega hero, Sai Dharam Tej, with Supreme yesterday. The film has garnered the positive reviews from all over and has concreted the position of Sai Dharam Tej, as a full fledged action hero of Tollywood. However, the market of this starter cannot be compared with the big mega heroes. But the analysts say, as Barhmotsavam still has time to hit the screens, before Mahesh’s movie, Supreme can grab the collections to its best. Directed by Anil Ravipudi, the film has Rashee Khanna in the female lead role and Sai Kartheek gave the music for this Dil Raju’s production venture. By Phani Ch

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Good or bad: It’s girl’s choice May 06, 2016 08:00

A good boy is needed for marrying and a bad boy is needed for loving. This is the current girls generation formula. But when the love with the bad boy, gets deeper, would she be ready to marry him or opt a good boy? Also read: Village love story is unusual Watch the below video, in which a girl, who finds tough to choose one among two guys, loving her. By Phani Ch

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14-15 new districts in Telangana, this year! May 06, 2016 07:58

The Telangana government, this year would increase the number of districts in the Telangana state to 24-25, including the 10 existing ones, besides an additional 40 mandals. Telangana Chief Minister KCR discussed about the same with the Deputy Chief Minister Mohd Mahmood Ali and other senior officials of the party. An announcement of new districts would be made on June 2nd, which is Telangana State Formation Day. “New districts will come into existence either from August 15 or Dasara. Functions will also be held accordingly. Mandals will also be reorganised for administrative convenience. Smaller districts can be administered better. For every eight to 10 mandals, there will be a revenue division,” KCR said. CM instructed Chief Secretary Rajiv Sharma to take immediate steps for carving out the new districts and mandals in the state. Currently, Telangana state, with a population of 3.5 crore, has 10 districts, 42 revenue divisions and 464 revenue mandals. As the Central government is considering to increase the number of assembly constituencies from 119 to 153, KCR said even the state government should carve out the new districts and mandals in tune with it for administrative convenience. “Travelling long distances within a district is causing hardship to both officials and people. Smaller districts can be administered better. Hyderabad has developed rapidly and the similar developments should also be witnessed in the other places of the state. Increase in districts and mandals will also increase the employment opportunities and provide promotions to the government employees,” KCR explained. By Phani Ch

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Vamana Purana- Only Purana to detail avatars May 05, 2016 16:27

Vamana Purana is the only Purana, that gives a detailed and comprehensive account of the avatars, along with a number of other topics, including Puranas characteristics. Order of Vamana Purana Vamana Purana, according to Vishnu Purana, stands in the 14th rank in the Puranas order. However, Devi Bhagavata allotted it 8th and Linga Purana 13th positions. All these Puranas claim Vamana Purana as Mahapurana. Origin of Vamana Purana Sage Pulastya narrated Vamana Purana to Narada. Then in Naimisharanya, upon asked by other sages, Narada narrated it to them. Another edition says that Romaharshana Suta narrated to sages from Naimisharanya. First verse of Vamana Purana Below is the first verse of Vamana Purana, which salutes lord Vishnu in the Vamana form.Trailokyarajyamacchidya balerindraya yo dadau |                     Namastasyai sureshaya sada vamanarupin Structure of Vamana Purana 10000 verses in total, are believed to be included in the Vamana Purana. It consists 5813 stanzas and 5 prose pieces which are stotras. Date of Vamana Purana It is widely believed to be composed between 100 AD to 200 AD. But Dr Vasudevasharana Agarwal says it was 7th AD. Subject matter of Vamana Purana Vamana Purana’s subject matter is described at its very beginning, where Narada asks Pulastya about assuming Vamana form by Vishnu, waging of a war by Prahalada, though a Bhagwata, against Gods acceptance of wifehood of Siva by Sati, the daughter of Daksha, the glory of the place of pilgrimage, account of Dana, vrata, Upasana, etc. From the above information, it is evident that, Vamana Purana is originally a Vaishnava Purana, which gives an equal reverence to Saivism and other religious sects. Vamana deals with Karma-vipaka the duty of castes and asramas, general customs, eatables and non-eatables, purity and impurity and Vishnu- worship. However, Vamana lacks, all the 5 themes and characteristics of the older  Mahapuranas. Also read: Do your duty without attachment According to this Purana, lord Brahma taught 3 objects of existence in connection with the greatness of Trivikarma, which treats, Vamana-kalpa and which consists of 10000 verses is called the Vamana Purana. There is no mention of the Vamana kalpa, nor is the Purana said to have been narrated by Brahma.The Saiva materials in the current Vamana, differing with the title and content given in the Matsya and the Skanda, show that, the Purana in its earlier form was a Vaishnava treatise, and was later recast by Siva worshippers, who changed the work with additions and alterations and made only little content available. The Vamana Purana contains much material on Geography, sociology, history, culture and philosophy of ancient India. In the several places of Purana, the Pauranic narratives are lifted to the refinement of the greater art. The purana exhibits a variety of meters and poetic embellishments.By Phani Ch

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