India is perturbed and in a state of shock at the calmity that engulfed Japan in the form of earthquake of 8.9 magnitude, nearly in a century today that triggered a massive tsunami , swept everything, that came in its path, including houses, ships and cars and set off buildings on fire, and atleast killing 60 people which could go up significantly as full reports of damage to buildings in the quake start pouring in. Ship carrying about 100 people was also washed away by the huge 33-foot tidal waves in Japan's northeast coast.Its whereabout and fate was not known, public broadcaster NHK reported, citing, Miyagi prefecture police. water wall of several kilometres wide, triggered by the earthquake, the most powerful since the 1923 tremor in Great Kanto area in Tokyo and its vicinity, which was 7.9 on Richter scale that had killed about 140,000 people, carried all that it destroyed deep into the mainland. Buildings, even in far away Tokyo, shook vigorously and live footage by NHK showed a wide, muddy stream moving rapidly across a residential area near Natori River in Miyagi, levelling everything in its path. The quake struck at 2:46 pm local time (11:16 am IST) .Alerts were issued across the Pacific, including areas as far away as South America, US west coast, Canada and Alaska. Australia, Philippines, Taiwan and Indonesia .Tsunami alerts reviving the memories of the 2004 tsunami. Tidal waves swept fishing boats, cars, and buildings that were seen bobbing in the water. Several other boats and ships were lying on their sides. The disaster also left the entire region in dark without power while nuclear power stations shut automatically. Japan declared a state of atomic power emergency after the earthquake, while saying that no radiation leaks had been detected at or near any nuclear power plants so far. Residents in the vicinity of the nuclear plants were asked to leave. International Atomic Energy Agency was collecting details from contacts with Japan's industry ministry as it said in a statement that at least four nuclear power plants "closest to the quake have been safely shut down". As per the ministry, a total of 11 nuclear reactors shut down automatically at the Onagawa plant, Fukushima No. 1 and No. 2 plants and Tokai No. 2 plant, after the biggest-magnitude quake in the country's modern history. A fire broke out in one of the nuclear facilities, but authorities claimed they had detected no abnormalities of radiation leakege etc.
Friday, March 11, 2011
Thursday, January 27, 2011
Nifty Looses 8.15 % Sensex Looses 8.37 % in January 2011
It is a cause of concern in the Indian Stock Markets ,as,Nifty Looses 8.15 % Sensex Looses 8.37 % in January 2011. According to Experts the real cause of worry is high rate of inflation and the Credit Policy announced on 25th Jan 11 by the Reserve Bank of India wherein both repo rate and reverse repo rate has been increased by 25 basic points, meaning thereby increase cost of finance and extra burden on the industry . Scams and Black Money (Swiss Bank) and the ongoing political scenario are real cause of concern. FIIs are constant net sellers and also the American economy is on road to recovery. There is definite diversion of funds by FIIs from Emerging Markets to that of US and European markets. February would be the real test for both bulls and bear.
Friday, December 31, 2010
Thursday, December 30, 2010
Happy New Year 2011
Dear Folks
(in the lighter vein)
2011 has come
Wish you all a very Happy New Year 2011
& also wish you all a Happy Valentine day
Eidd Mubarak
Bakrid Mubarak
Basant Panchami
26th January Republic Day
HOLI
15th August Independence Day
Raksha Bandhan
Deepawali
Mothers Day
Fathers Day
Nana's Day
Nani's Day
Dada's Day
Dadi's Day
Teachers Day
& Childrens Day
All Birthdays (during the year)
365 Good Mornings
365 Good Afternoons
365 Good Evenings
365 Good Nights
Saala Sara Saal ka Drama hi Khatam
AB PURA SAAL 2011 MAAT KEHNA KI SMS NAHI KIYA
Tuesday, December 21, 2010
Two Senior Supreme Court Advocates arrested
CBI has arrested two senior advocates of the Supreme Court ,for allegedly accepting bribe, for granting affiliation to a Ghaziabad-based Law College. Both Mr Rajendra Singh Rana and Mr.Manish Tyagi are senior lawyers at the Supreme Court, have been arrested from Pitampura in North Delhi yesterday, informed CBI sources said. CBI had monitoring the telephone calls of Rana and swooped at his residence in Pitampura late in the evening ,when ,Tyagi had arrived with the file of the law college. Claimed CBI ,to ,have recovered over Rs one lakh from his residence before arresting them. Simultaneous searches were also carried out at seven places in and around Delhi including the law college in Ghaziabad, CBI sources said. Rana alleged that the agency was deliberately trying to trap him. While he claimed that both of them had been brought to the CBI headquarters for questioning and were only detained, agency sources maintained, that they had been arrested, and a case of bribery registered against them. A law college has to get affiliated to the Bar Council of India to become functional. Rana was first elected to the state Bar Council of Delhi in 1998 where he became Vice Chairman in 2000. In 2010, he was elected to the Bar Council of India. Tyagi is on the advisory board of Global College of Law.
Ispat Profile ? its fate
JSW Steel is all set to acquire controlling stake in Ispat Industries. The deal valued at USD 3 billion and will make JSW, India's largest steel producer with a combined capacity of 14.3 mtpa by March 2011.Sajjan Jindal has acquired the majority share whereas the present management shall hold 26 % shares of Ispat Industries. I have invested in Ispat profile Ltd of which Ispat Industries are the promoters and which has Bean delisted both at NSE/BSE. Whether with the present merger the shareholders of Ispat profile shall also benefit and whether the shares of Ispat Profile Ltd are going to be relisted. Awaiting eagerly.
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