Mon, Feb 25, 2013 at 20:46
BBC says radio broadcasts being jammed in China
Written By Unknown on Senin, 25 Februari 2013 | 23.07
Did Jet Airways' mega ticket sale take off successfully?
The mega ticket sale offered by private sector carrier - Jet Airways seems to have taken off successfully. The airline had put on block around 20 lakh seats at around 50 percent discount for bookings done from February 21 to 24.
Though the airline has not given out any statistics on the quantum of tickets sold, online travel portals claim to have disposed off their share of inventory.
The airline's spokesperson said that the company is still collating data on tickets sold during sale period and will get back on the query soon.
However, travel websites are gung-ho about selling good volumes last week. "Jet Air's discounted fare scheme received tremendous response from customers. Our ticket sales almost doubled post announcements by various airlines," said Keyur Joshi, co-founder and chief commercial officer at makemytrip.com.
Surely, online booking engines did good business during the sale period but none of them divulged amount of tickets sold. "It is difficult to say how much inventory we sold during the four-day sale period but the traffic was huge on those days," concurred Sonu Sodhi from Yatra.com adding that more seats were available on routes that had 50-60 percent occupancy then the ones which already had booked 80 percent loads.
Meanwhile, industry observers are apprehensive of possible arbitrage opportunities arising out it. Many believe, travel agents may have bought tickets at discounted ticket and may sell the same at a later date.
"It was a very good marketing gimmick adopted by the airline," Sharan Lilaney, an aviation analyst from Angel Broking told moneycontrol.com.
"Of the 1.6 crore seats that Jet Air has on offer annually, hardly 12 percent of it was available at discounted rates. By recording around 75 percent load factors in past few months, the airline has already achieved breakeven level in most sectors. Anything above this, can be considered incremental profit," he said.
Did you read: Why are airlines keen to offer seats at throwaway price?
Delhi High Court refuses stay on 900 MHZ spectrum auctions
The High Court has directed the Department of Telecommunications (DoT) to look into the representations which companies like Bharti Airtel and Vodafone have made.
They have said the entire modalities around refarming, which the DoT has worked out, are wrong. The companies are saying their licenses should be extended and the spectrum should just be given to them by some other modality.
Also read: Govt expects Rs 43,000 cr from spectrum sale at base price
DoT sources have maintained that after the Supreme Court's 2G cancellation order, any spectrum henceforth can only be allocated by way of auction. So, now it remains to be seen what is going to be the final view that the government takes on the representations of the telecom companies. They have been given two weeks by the High Court and these companies will have an option to approach the court again once the DoT makes up its mind on their representations.
The issue of juvenile age came up for discussion after the
PF subscribers to get 8.5 pc interest for 2012-13
Chopper scam: CBI enquiry names former Air Chief S P Tyagi
BlackBerry launches 2nd costliest device Z10 at Rs 43,490
Powers to offer Iran sanctions relief at nuclear talks
By Justyna Pawlak and Fredrik Dahl
ALMATY (Reuters) - Major powers will offer Iran some sanctions relief during talks in Almaty, Kazakhstan, this week if Tehran agrees to curb its nuclear programme, a U.S. official said on Monday.
But the Islamic Republic could face more economic pain if it fails to address international concerns about its atomic activities, the official said ahead of the February 26-27 meeting in the central Asian state, speaking on condition of anonymity.
"There will be continued sanctions enforcement ... there are other areas where pressure can be put," the official said, on the eve of the first round of negotiations between Iran and six world powers in eight months.
A spokesman for European Union foreign policy chief Catherine Ashton, who leads the talks with Iran on behalf of the powers, said Tehran should understand that there was an "urgent need to make concrete and tangible progress" in Kazakhstan.
Both Russia and the United States stressed there was not an unlimited amount of time to resolve a dispute that has raised fears of a new war in the Middle East.
"The window for a diplomatic solution simply cannot by definition remain open forever. But it is open today. It is open now," U.S. Secretary of State John Kerry told a news conference in London. "There is still time but there is only time if Iran makes the decision to come to the table and negotiate in good faith."
Russian Deputy Foreign Minister Sergei Ryabkov said there was "no more time to waste", Interfax news agency quoted him as saying in Almaty.
The immediate priority for the powers - the United States, Russia, China, Germany, Britain and France - is to convince Iran to halt its higher-grade enrichment, which is a relatively short technical step away from potential atom bomb material.
Iran, which has taken steps over the last year to expand its uranium enrichment activities in defiance of international demands to scale it back, wants a relaxation of increasingly harsh sanctions hurting its lifeline oil exports.
Western officials say the Almaty meeting is unlikely to produce any major breakthrough, in part because Iran's presidential election in June may make it difficult for it to make significant concessions before then for domestic reasons.
But they say they hope that Iran will take their proposals seriously and engage in negotiations to try to find a diplomatic settlement.
"No one is expecting to walk out of here with a deal but ... confidence building measures are important," one senior Western official said.
The stakes are high: Israel, assumed to be the Middle East's only nuclear-armed arsenal, has strongly hinted at possible military action to prevent its old foe from obtaining such arms. Iran has threatened to retaliate if attacked.
GOLD SANCTIONS RELIEF?
The U.S. official said the powers' updated offer to Iran - a modified version of one rejected by Iran in the unsuccessful talks last year - would take into account its recent nuclear advances but also take "some steps in the sanctions arena".
This would be aimed at addressing some of Iran's concerns, the official said, while making clear it would not meet Tehran's demand of an easing of all punitive steps against it.
"We think ... there will be some additional sanctions relief" in the powers' revised proposal," the official said, without giving details.
Western diplomats have told Reuters the six countries will offer to ease sanctions on trade in gold and precious metals if Iran closes its Fordow underground uranium enrichment plant.
Iran has indicated, however, that this will not be enough.
Tehran denies Western allegations it is seeking to develop the capability to make nuclear bombs, saying its programme is entirely peaceful. It wants the powers to recognise what it sees as its right to refine uranium for peaceful purposes.
The U.S. official said the powers hoped that the Almaty meeting would lead to follow-up talks soon.
"We are ready to step up the pace of our meetings and our discussions," the official said, adding the United States would also be prepared to hold bilateral talks with Tehran if it was serious about it.
Ashton's spokesman, Michael Mann, said the updated offer to Iran was "balanced and a fair basis" for constructive talks.
(Additional reporting by Yeganeh Torbati and Dimitry Solovyov; Editing by Jon Hemming)
MasterCard aims at mobile payment market with launch of 'digital wallet'
By Laura Noonan
LONDON (Reuters) - Mastercard unveiled its bid to dominate the mobile payments market on Monday with a 'virtual wallet' allowing customers to keep personal payment details in their phone and avoid checkouts by scanning bar codes in-store to pay.
Financial services companies like the U.S. credit-card company as well as technology names Google and eBay Inc's PayPal are looking for ways to capitalise on the prevalence of consumers' sophisticated phones by providing programs that house credit and debit cards, coupons and store loyalty program details virtually.
Mastercard said its MasterPass service, effectively an app, would let customers pay for their goods without approaching a cashier by instead scanning a bar code and creating a digital receipt on their phone or tablet that can be shown as they exit the store.
It can also be used for easier online payments, allowing customers a "one click" way to pay without the hassle of having to input their credit or debit card details each time.
It comes almost a year after MasterCard's first foray into the mobile payments market with PayPass, which let customers pay at store tills by simply tapping their cards against a sensor.
The U.S.-based credit card company said the MasterPass system would be rolled out in Australia and Canada by the end of March. The United States will follow later in the spring, ahead of the UK in the summer.
Participating retailers include Argos
Despite Venezuela homecoming, Chavez still out of sight
By Diego Ore and Daniel Wallis
CARACAS (Reuters) - From a billboard bearing his face, to a giant inflatable doll and posters hawked on the street below, there is no shortage of images of Hugo Chavez at the Caracas military hospital where he has been since returning from Cuba.
Yet there has been no sight of the 58-year-old Venezuelan president since he came home - during the night and without photos or fanfare - a week ago.
His surprise return to Caracas raised supporters' hopes of a recovery after December surgery in Havana that was his fourth operation in 18 months. But other than the government saying Chavez's breathing problem has worsened, there have been no new details about the patient on the well-guarded ninth floor.
"We don't even know if he's really here," said Marlene Vegas, 51, a housewife who lives near the military hospital. "We have only seen cars with dark windows going in and out."
When Chavez first got back from Cuba, a crowd of supporters gathered outside to dance and sing "He's back! He's back!", until hospital staff came out and asked them to keep quiet.
Now just a few curious onlookers and journalists loiter in front of the complex in the poor downtown San Juan neighborhood, watched by stern-faced uniformed and plainclothes security men.
A source inside said staircases to the ninth floor had been barred, and that the only doctors treating Chavez were Cubans.
Given the number of patients and staff at the facility, which covers more than half an acre (0.2 hectares) and employs 4,000 people, it will be harder for authorities to maintain the same secrecy around his treatment that Chavez enjoyed in tightly-run Cuba.
For the moment, though, their efforts appear to be working.
Nursing staff and others at the military hospital, where Chavez underwent chemotherapy in 2011, told Reuters they knew nothing about his current medical condition.
Apart from a few photos of Chavez in a Havana hospital bed that were released by the government, Chavez has not been seen nor heard from in public since his December 11 operation. He won re-election in October but was unable to swear in at the start of his new term last month.
Some in the opposition say those pictures prove they were right all along, that the president is no longer fit to govern and that a new election should be organized within 30 days.
"THEY SAY HE'S A CLONE!"
"Nothing is worse than being governed by uncertainty," said Antonio Ledezma, the opposition mayor of Caracas. The Cuban hospital photos, he added, did nothing to dispel any concerns.
If Chavez died or had to step down, a new election would likely pit his preferred successor, Vice President Nicolas Maduro, against opposition leader and state governor Henrique Capriles, who lost to Chavez in the October election.
The government, which rejects criticism of being secretive about Chavez's condition, accuses the opposition of seeking to spread doubt and destabilize the country.
"We show the photo and they tell us it's Photoshopped and they don't believe it," Information Minister Ernesto Villegas said of some opposition leaders. "If we show a video they will say it's old, and now Chavez is back, they say he's a clone!"
As conspiracy theories and speculation swirl, many Venezuelans are turning to social media in the hope of discovering any news.
At the weekend, authorities said they would investigate attempts to "destabilize and confuse" people - after Twitter messages circulated about a supposed fight at the presidential palace between the guards of two top Socialist Party figures.
Defense Minister Diego Molero addressed the tweets directly: he denied there was a rift, saying Maduro and his ministers were working "in perfect harmony" with the military, and that the armed forces were "more united than ever, waiting for the total recovery of our Commander Chavez."
The possibility of such a recovery looks increasingly remote. Last week, Chavez's friend and leftist ally, Bolivian President Evo Morales, said he had been unable to see the Venezuelan leader during a visit to Caracas because he was receiving treatment.
Given Chavez's clearly delicate condition, opposition supporters scoffed days later when Maduro said he and other government officials had held a series of meetings with the president on Friday that lasted more than five hours.
The government says the former soldier has difficulty speaking because he is breathing through a tracheal tube, but that he gives orders by writing them down.
"We left full of his energy and force ... the immense wisdom he has to focus on themes, on problems," Maduro said in a midnight speech on state TV from the military hospital.
"We want to continue giving our deep gratitude for the support of the Venezuelan people, which has allowed us to get through these days in peace." (Additional reporting by Deisy Buitrago; Editing by Andrew Cawthorne, Kieran Murray and David Brunnstrom)
Modi to address BJP rally in Mumbai on March 17
Written By Unknown on Senin, 18 Februari 2013 | 23.07
Mumbai, Feb 18 (PTI) Gujarat Chief Minister Narendra Modi will address a party rally here on March 17, first time after he was voted to power for the third successive time in the Assembly elections held last year. The rally, where party president Rajnath Singh will also be present, will be held at Somaiya ground at Sion in Central Mumbai, party sources said today. According to sources, the BJP is keen to use Modi's charisma to woo the youth and middle class in Mumbai which has a sizable Gujarati population, and also win over other sections of the society. PTI MR NSK PMS SDM
Rahul wants to know why Cong became quot;so weakquot; in Odisha
Sambalpur (Odisha), Feb 18 (PTI) Seeking to gauge his party's strength and weakness in Odisha ahead of next general election, Congress Vice-President Rahul Gandhi today wanted partymen to make people aware of various development and welfare schemes undertaken by the UPA government. Starting his two-day Odisha visit from here, Rahul interacted with party functionaries at the district, block and panchayat levels in marathon sessions, seen as an exercise to cement cracks among leaders and end groupism in order to rejuvenate Congress as a cohesive outfit. "He wanted to know as to why Congress has become so weak in Odisha," said a senior party leader after a session with Rahul, who is visiting Odisha for the first time after being elevated as AICC's second in command. "He (Rahul) emphasised on the need to make common people aware of different welfare schemes and developmental programmes taken up by the Centre in Odisha. He sought to know whether partymen are informing people about these," said another leader from western Odisha after meeting Rahul. Though the Amethi MP arrived here about three hours behind schedule due to bad weather, he quickly made up and tried to find out whether selection of candidates for the 2009 elections had been done properly, he said. "The purpose is to exchange ideas with those party leaders who cannot go to Delhi to express their views on how to strengthen the party," said AICC Odisha in-charge Jagdish Tytler, as state leaders hoped Rahul would bring a turnaround in Congress prospects. The focus during Rahul's interactions with leaders, party office bearers and MLAs from 17 organisational districts was on taking partymen closer to the masses, sources said. The visit of Rahul, who will be in Cuttack tomorrow, is seen as an exercise aimed at gearing up the party for the polls as Congress has been out of power in Odisha since 2000. A tight security net was thrown around the venue and the deliberations were not open to media. MORE PTI COR SKN MD SMI KKB
Four killed in building collapse
Faridabad, Feb 18 (PTI) Four people were killed and six others injured after a poultry farm building collapsed here in Mohala village of the district, administration sources said today. The building of Surya poultry farm house collapsed yesterday while repair work was underway. Ranchi-natives Ganga Devi and Suleman, who had been hired for repair work of a pillar post, died on the spot while two more bodies were recovered from debris today. The other two victims have been identified as Chanrapal and Somnath. Six more people were injured in the accident and are currently being treated at a local hospital. Police have booked owner of the poultry farm, Y P Khullar, for negligence on the complaint of one Amin Horo, who worked at the poultry farm. PTI CORR AJ HU
FISE forms panel to seek extension for minimum net-worth norms
Vadodara, Feb 18 (PTI) The Federation of Indian Stock Exchanges (FISE), the umbrella body of 16 regional stock exchanges, has constituted a three-member panel to submit a detailed road-map to regulator Sebi and seek extension deadline to meet the new minimum networth norms to March 12. The members of the panel are Jagdish Thakkar (FISE Secretary) Ramu Sharma and Nagappan (both former chairmen of FISE). Thakkar is a Vadodara-based member, while Sharma is from Bangalore and Nagappan from Chennai. "We constituted this committee after Sebi officials had asked an FISE delegation last week to submit their demands with concrete proposals. The FISE had met with senior Sebi officials on February 12 and requested Sebi to extend its March 12, 2013 deadline for regional stock exchanges (RSEs) to submit a revival plan for achieving a minimum networth of Rs 100 crore or Rs 1000 crore in volume, by 2015," Thakkar told PTI. Thakkar also said the Sebi officials were positive in their approach and expressed the hope that their demand would be considered. The Sebi in a December 12, 2012 note had asked all RSEs to submit a revival plan by March 12, 2013. Thakkar said they had told Sebi officials that meeting the deadline in such a short notice was not possible. It can be noted that last June a Sebi circular had asked RSEs to achieve minimum networth criteria of Rs 100 crore by 2015. The Sebi had also said an exchange without any trading platform or with an annual trading corpus of under Rs 1,000 crore should apply for voluntary de-recognition and exit. He further said following the recent Sebi decision to allow defunct stock exchanges to close down, several regional exchanges are planning mergers to stay afloat, and noted that the stock exchanges of Ahmedabad, Rajkot and Vadodara were moving in that direction in September last. Last month, the Hyderabad Stock Exchange became the first bourse to formally announce closure. PTI COR BEN DK DK NS SDM
Inflows increase as dam starts receiving KRS water
Mon, Feb 18, 2013 at 21:12
Inflows increase as dam starts receiving KRS water
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Inflows increase as dam starts receiving KRS water
Inflows increase as dam starts receiving KRS water
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Inflows increase as dam starts receiving KRS water
Inflows increase as dam starts receiving KRS water
Salem, Feb 18 (PTI): Inflows into the Mettur dam increased after the reservoir started receiving water from Krishnaraja Sagar dam in Karnataka. The water level in the dam today stood at 39.650 feet against its level of 120 feet. the inflow was 3418 cusecs and the outflow 600 cusecs, PWD sources said. PTI COR APR APR
Night curfew continues in Goalpara
Goalpara/Guwahati, Feb 18 (PTI) Though no fresh incident of violence was reported in Goalpara district during the last five days, night curfew continued in Mornoi and Krishnai police station areas of Assam. The curfew imposed since February 12 was continuing between 8 pm and 6 am, district Deputy Commissioner Preetam Saikia told PTI today. On the panchayat poll day on February 12, 20 people had died in police firing and group clashes between people opposed to the elections and those who supported it in Rabha Hasong ethnic community dominated areas of the district. Meanwhile, 15,962 people who had fled their homes during the mayhem or their houses burnt down in arson were sheltered in 22 relief camps at Balijana and Matia circles, official sources said. Altogether 5,443 people are taking shelter in six relief camps at Balijana Circle and another 10,519 people in 16 camps at Matia Circle. So far 434.972 quintal rice, 80.635 quintal dal, 2280.55 litre mustard oil and 22.806 quintal salt have been distributed among the camp inmates, the sources said. 1,870 blankets, 1,245 sheets tarpaulin, 768 packets baby food and 6,480 packets biscuit were also distributed. The ethnic Rabha Hasong Joint Action Committee wants Rabha Hasong Autonomous Council polls ahead of the panchayat elections as village and panchayat committees would undermine the authority of the Autonomous Council. PTI COR ESB SUS SMI KKB
HC raps govt for wasting funds, ignoring malnutrition deaths
Mumbai, Feb 18 (PTI) Pulling up the Maharashtra Government for allegedly indulging in wasteful expenditure while ignoring the deaths of women and children due to malnutrition, the Bombay High Court today asked the state to file an affidavit clarifying its stand on the issue. The court was hearing a suo motu PIL on news reports highlighting deaths due to malnutrition even though crores of rupees have been allocated for the Women and Child Welfare Department. "This money could have been useful to save lives. So many women and children have died," remarked Justice A M Khanwilkar of a division bench. The bench directed the government to file affidavit and kept the PIL for hearing on March 13. Advocate Gayatri Singh, who appeared as Amicus Curiae in the matter, said the Social Justice Department had incurred an expenditure of Rs 1.92 crore on carpets in 2010. According to details submitted by Singh, in 2010, Rs 9.65 crore were spent on banners, Rs 2.88 crore on brochures and Rs 4.5 crore on booklets. "The budgetary allocation is made for each year which lapses automatically if it is not utilised in that year. Therefore, officials try to utilise the amount allocated before the financial year ends," Singh alleged. She told the court that the budgetary allocation for Women and Child Development Department for the year 2010 was Rs 2,400 crore and for the Integrated Child Development Scheme it was Rs 2,100 crore. (More) PTI SVS NP SCY SDM
Shia attack protests hit Karachi
Karachi, Feb 18 (PTI) Pakistan's biggest city and financial hub was paralysed today after a series of sit-ins by Shia groups and incidents of violence in several areas to protest the deadly bomb attack on the Shia Hazara community in Quetta. A massive bomb blast in Quetta killed at least 89 people and injured around 200 on Saturday. Police and rangers had to resort to shelling and water cannons in some areas. The city wore a completely deserted look after a strike call by the Shia Ulema Council which was supported by most political parties and trade, transporters and petrol pump dealers. All private and government schools also remained shut while examinations in universities were also affected. Public transport remained off the roads and private vehicles were scarce. Shia Muslims supported by some civil, human rights and political parties staged sit-ins at least 18 points in the city. Shia organisations have called for Quetta, the capital city of Baluchistan province to be handed over to the military as they claim the government has failed in safeguarding the lives of Hazaras and Shias. Meanwhile, in Quetta, the families of the victims of the attack in a market in Hazara Town continued their sit-in for the second successive day refusing to bury those killed in the blast. Leaders of the Shia and Hazara community said they would only end the sit-in and bury the dead when the military took control of the city. Hasam Gul, a Hazara community leader said that 24 people still remained missing after the bombing. He said that 73 victims including 16 women have been identified while the remains of seven deceased are yet to be identified. "We will not end this sit-in unless the government intervenes and hands over Quetta to the military as only they can carry out a proper targeted operation against these extremist organisations and provide us security," he said. Vice President of the Majlis-e-Wahadat-e-Muslimeen, Maulana Amin Shaheedi said the government needed to reinforce ban and restrict the activities of banned organisations and the army to be handed control of Quetta. Addressing a news conference, Maulana Shaheedi said the victims of the blast would not be buried and nationwide protests would continue until demands are met. He added that security agencies had failed in Quetta and even the injured were not being provided proper medical care. Imran Khan, the leader of Pakistan Tehreek-e-Insaaf also backed the call by the Shia and Hazara community leaders for the military to take over Quetta. President Asif Zardari had in January imposed Governor's rule in Baluchistan province after twin blasts in Quetta which killed nearly 100 people and injured dozens. PTI Corr KUN
10 more buses for cluster service
New Delhi, Feb 18 (PTI) A fresh batch of 10 semi low-floor buses will be added to the cluster bus service in the city being operated by private parties under PPP model. With induction of the new fleet, the total number of buses under the cluster service will go up to 440. The new buses, part of cluster two, will ply from Abul Fazal Enclave and go through Ashram, Lajpat Nagar, AIIMS, IIT Gate, Munirka DDA Flats and Swami Malai Mandir before terminating at Dhaula Kuan. The semi low-floor orange coloured buses will have an on board passenger information system similar to that of Delhi Metro, GPS and electronic display board. All buses under the cluster service have an in-built speed governors to regulate their speed and they comply with the urban bus specifications notified by Ministry of Urban Development. In 2009, the Delhi government had divided nearly 650 bus routes across the city into 17 clusters - each comprising profitable and non-profitable routes and decided to give each cluster to a private operator. Four corporate entities were already given contract to operate the services in five clusters. The cluster bus service was envisaged to replace the 'killer' Blueline fleet, which has almost been phased out from the capital. The Delhi Transport Corporation (DTC) currently operates around 6,500 buses, including 4,000 low-floor buses. PTI MPB RT
Huawei denies work in field linked to U.S. death in Singapore
By Jeremy Wagstaff
SINGAPORE (Reuters) - Chinese telecommunications company Huawei said on Monday it had not worked with an institute in Singapore on any projects in the specialist field of an American engineer who died mysteriously last year shortly after leaving the institute.
Britain's Financial Times said on Saturday that Shane Todd had been working on "what was apparently a joint project" between Singapore's Institute of Microelectronics, or IME, and Huawei shortly before he died last June.
His parents have said he was murdered because of his involvement in the project, which they say involved exporting sensitive military technology to China.
IME declined immediate comment.
Singapore police said they were still investigating the death of Todd, 31, and would submit their evidence to a coroner. Singaporean pathologists concluded in an autopsy last June that he died by hanging in his Singapore flat.
"IME approached Huawei on one occasion to cooperate with them in the GaN field, but we decided not to accept, and consequently do not have any cooperation with IME related to GaN," Huawei said in a statement.
Todd's area of expertise was Gallium Nitride (GaN), an advanced semiconductor material which has both commercial and military purposes. It is used in things from blue-ray disc players to military radars.
Huawei said that the development of GaN technology was commonplace across the telecommunications industry.
Reuters reviewed evidence the family presented supporting its theory a few weeks after his death, including emails, other documents and photographs.
Interviews with the family, colleagues and friends revealed conflicting views on Todd's state of mind before his death, the nature of his work and how he died.
Colleagues said that he was increasingly depressed in his last few months, but said that his concerns appeared to centre on a sense of failure about his work, and an ambivalence about returning to the United States.
Researchers in unrelated fields have also questioned how, if his work was so sensitive, he was able to take home computer files from his office. His family retrieved a hard drive which included work files in his flat.
IME is part of a network of research institutes managed by government-run Agency for Science, Technology and Research, or A*Star.
A former A*Star researcher now working in the United States pointed out that IME and other A*Star institutes were not military research organisations.
"AFRAID"
At the heart of the family's theory is that Todd was concerned for his safety because of a project with a Chinese company. They believed, through information from his colleagues and from his computer files, that the company was Huawei.
Reuters can't independently corroborate their views about the role of Huawei or the circumstances of Todd's death.
Huawei is one of the world's largest telecommunication equipment companies, but has been blocked from some projects in Australia and deemed a security risk by the U.S. congress on the grounds that its equipment could be used for spying.
Huawei has routinely denied such accusations and has said it is not linked to the Chinese government.
Todd's parents said in interviews in July that Singapore police and IME had failed to properly investigate his death after his body was found hanging from a door in his Singapore apartment on the evening of June 24, two days after he quit IME.
Singapore police say they have handled the case as they have handled other cases, and their procedures follow high international standards. They said in such cases of unnatural death, "no prior assumptions" were made about the cause.
The parents did not immediately respond to emails requesting comment on the Financial Times report but Todd's mother, Mary, said in a telephone interview with Reuters last July that he had been scared.
"I had been talking to him for months for at least an hour every week and he told us he was afraid of being murdered because of his contacts with the Chinese government," she said.
"He quit his job because of it."
Huawei declined to say whether they had been working on other projects with IME. Colleagues said shortly after Todd's death that he had told them at one point he had been working on a project with Huawei but that it was not sensitive or high-level in nature.
One described it as carrying out "measurement test reports" of semiconductors.
The Financial Times said that Todd had been involved in proposing a joint project with Huawei. While it did not say whether the project was approved, it quoted his parents as saying that subsequently he complained to them of being asked to do things with a Chinese company he did not identify that made him uncomfortable. (Additional reporting by Kevin Lim; Editing by Robert Birsel)
UCI harden anti-corticoid stance
Written By Unknown on Senin, 11 Februari 2013 | 23.07
PARIS (Reuters) - The International Cycling Union (UCI) has toughened up its anti-doping policy by imposing an eight-day rest on riders following an injection of corticoids, it said on Monday.
"The UCI must be informed by the doctor applying such an injection. The No Needle Policy, introduced by the UCI to its Medical Regulations in 2011, originally stipulated that a rider must not compete for 48 hours after a local injection of glucocorticosteroids," the UCI said in a statement.
UCI president Pat McQuaid explained that a rider in need of a corticoid injection should be resting, not competing.
"A rider who raced at the weekend could receive an injection of glucocorticosteroids and be racing again in a mid-week competition," the Irishman said.
"Glucocorticosteroids are used to treat inflammations, so a rider requiring this treatment should not be racing within eight days. He or she should be attending his/her condition and resting."
Member teams of the MPCC (Mouvement Pour un Cyclisme Crédible, aka Movement for Credible Cycling) have already been abiding by this rule.
Ten World Tour (elite) teams have joined the MPCC, with four of them (Astana, Blanco, Vacansoleil, Lampre) on a probationary period.
Tour de France champion Bradley Wiggins's Team Sky, the top team in 2012, have not joined the MPCC, which was created in 2007.
(Reporting by Julien Pretot; Editing by Alison Wildey)
Budget 2013-14: DB expects duty free import quota for polished diamond
Mon, Feb 11, 2013 at 21:07
In order to accelerate the trading activity of cut and polished diamond which slowed down in 2012 as a result of duty imposition of 2.0%, duty free import quota for cut and polished diamond is expected.
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Budget 2013-14: D&B expects duty free import quota for polished diamond
In order to accelerate the trading activity of cut and polished diamond which slowed down in 2012 as a result of duty imposition of 2.0%, duty free import quota for cut and polished diamond is expected.
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Budget 2013-14: D&B expects duty free import quota for polished diamond
In order to accelerate the trading activity of cut and polished diamond which slowed down in 2012 as a result of duty imposition of 2.0%, duty free import quota for cut and polished diamond is expected.
- In order to accelerate the trading activity of cut and polished diamond which slowed down in 2012 as a result of duty imposition of 2.0%, duty free import quota for cut and polished diamond is expected.
- Presumptive tax regime prevailing in the industry is anticipated to be maintained but with downward revision in rate.
- The import duty on gold is unlikely to be increased in this Budget. However, some specific measures can be considered in order to curb the growing imports of gold. Further in order to build up supply of physical gold in the market, measures in the areas of gold loan and gold ETF are likely to be adopted.
- Excise duty on branded jewelry is likely to be stable.
- Unbranded jewelry is likely to be kept outside excise duty structure given the steep rise in gold price in previous few years.
- In order to mitigate the impact of levy or hike in indirect taxes such as service tax, VAT, GST (proposed) etc., duty drawback is expected to be permitted in this Budget.
- Being one of the major sectors in traditional Indian exports, the gems and jewellery sector has persistently contributed to export earnings as well as employment generation. Hence, in order to make credit easily available to export houses having substantial imports, setting up of separate fund for refinancing is on the card.
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
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Pressure piling on under-fire Mancini at pedestrian City
LONDON (Reuters) - Manchester City have one realistic chance left for a title and should they fail in the FA Cup at the weekend against second-tier Leeds United, manager Roberto Mancini will find himself under even more scrutiny.
Already criticised for his blaming of players and refusal to support those who have had a bad game, the Italian knows that with their Premier League chances all but gone Sunday's clash with Leeds is vital to his survival.
A lack of movement in the transfer market by City pre-season and in January have exposed Mancini's league title holders this term, highlighted by another failed Champions League campaign.
A 12-point gap to make up on leaders Manchester United after a 3-1 defeat at lowly Southampton on Saturday led Mancini to blast his team's poor performance and players performing "without strength and personality".
"When you play football and you are a top player, you should take your responsibility, always," Mancini was quoted as saying in The Telegraph newspaper.
"It's not always the fault of the manager. The players should take responsibility."
Key performers last season, goalkeeper Joe Hart and midfielder Gareth Barry, both made horrendous errors at the weekend to gift the hosts their second and third goals.
Even their imposing midfield engine Yaya Toure, back from the African Nations Cup, was well below his best, while fellow midfielder Javi Garcia had to play at centre back against Southampton such is City's lack of strength in depth.
Few City fans would argue with their manager's assessment that Saturday's abysmal loss was the side's "worst game in two or three years maybe."
NEW PLAYERS
Mancini made it clear to the club's owners after their title success last season that a failure to boost the squad would likely result in a barren 2012/13 and his predictions seem to be coming true.
Mancini is working overtime to meet the demands of Abu Dhabi owner Sheikh Mansour bin Zayed Al Nahyan, who bought City in 2008 and has turned them into the world's richest club.
The Italian has criticised the recent fair play rules that will constrain the spending of top-flight clubs and could result in points being docked if they fail to comply with limits on financial losses and curbs on increases in player wages.
While this and a lack of transfers have been hurdles for Mancini to overcome, his management has at times been suspect this season.
City's fans' patience could again be tested against Leeds, with reports that Mancini is set to ring the changes for the Cup clash at the Etihad Stadium as a reaction to Saturday's defeat.
"I only want players who are ready for the fight in the last 12 games," Mancini told the Manchester Evening News.
(Writing by Tom Pilcher, Editing by Alison Wildey)
Chelsea fans prefer to hail Dave, not Cesar
By Tony Jimenez
LONDON (Reuters) - Cesar Azpilicueta has taken time to settle in at Chelsea but the Spain defender affectionately known as 'Dave' by the fans is beginning to make a name for himself at Stamford Bridge.
Azpilicueta, who joined the club from Olympique Marseille for a fee of seven million pounds in August, produced his best display for the European champions as they brushed aside Wigan Athletic 4-1 in the Premier League on Saturday.
On a day of perfect symmetry in west London, the supporters welcomed back old favourite Frank Leboeuf when the former World Cup winner was paraded at halftime.
The Frenchman won a host of medals in his five years at Chelsea before leaving for Marseille in 2001 and was so popular with the fans that he had his own song, 'He's here, he's there, he's everywhere, Frank Le-boeuf, Frank Le-boeuf'.
Azpilicueta was similarly industrious against Wigan, popping up with last-ditch interventions in his own penalty box, launching attacks with his speed down the right and delivering inch-perfect crosses.
His name may be a bit of a tongue twister for the Chelsea supporters, hence the choice of nickname, but the 23-year-old is showing a growing authority in every game he plays at right back.
The fast-raiding Azpilicueta laid on two of the goals on Saturday, the second for Eden Hazard and the final one in stoppage time by Germany midfielder Marko Marin.
"It was the first time I was involved in so many goals and it was a very good week for me," the Spaniard told the club website (www.chelseafc.com) on Monday.
"The last few results have been disappointing so it was very good we won. Tottenham had won before our game and we wanted to keep our league position and we did," added Azpilicueta who made his Spain debut in last Wednesday's 3-1 friendly win over Uruguay in Qatar.
Tottenham, Chelsea's chief rivals for third spot, put the pressure on their fellow Londoners by defeating Newcastle United 2-1 in Saturday's early kickoff.
Rafa Benitez's team responded in style, though, moving back up to third with their first victory in five games in all competitions.
Chelsea's attention now turns to the Europa League last-32 first leg at Sparta Prague on Thursday.
"The Europa League is not the same as the Champions League because that is the top but the Europa League is... an important competition," said Azpilicueta whose nickname is an oblique reference to a character from the TV show 'Only Fools and Horses'.
"Never in the history of Chelsea have we won this cup and we are going to try to do it."
(Editing by Alison Wildey)
Budget 2013-14: Expect GST to be rolled out at the earliest: Jyothi Lab
Jyothy Laboratories
The country has been reeling under unsympathetic market conditions. The previous budget was a disappointment. The investment in select sectors was as expected and nothing extraordinary. Given the current economic scenario, we would like to see the Union Budget to come out with strong measures & economy boosters from the Union Budget to restore confidence and spur growth. In this budget we expect GST to be rolled out at the earliest possible. The implementation of nationwide GST will help in simplifying the entire tax structure. It would be a win-win situation for both customers & retailers as GST will help in cutting business costs and generate more revenue. If the GST is delayed, there should be a provision for a uniform VAT to be implemented across the country.
Why India Inc wants GST so badly: FAQ
In the last budget, the then Finance Minister Mr Pranab Mukherjee has increased the excise duty to 12% from 10% resulting in increase in the prices of most of the FMCG products. This was accompanied by an increase in service tax by 200 basis points to 12%. Both these measures had led to lower disposable income in the hands of consumers. Currently Indian economy is going through a tough phase and one of the ways to move the economy out of this situation will be to increase consumption along with spur investment. We suggest that reduction in the excise duty and restoring it back to the last year level of 10% will not only increase consumption especially in the rural India, but will also be a psychological booster in the minds of consumers.
The government has started on a very positive note with a pilot project in 20 districts in 16 states for direct cash transfer of subsidies. The idea of cash transfer can be a game changer for India if it is implemented well. The Finance Minister in the coming budget should announce of direct cash transfer of subsidy at large scale. This will not only stop the leakage will increase consumption thereby help in the economic growth. There is an urgent need to create employment and empower the backward areas of our country that are lagging far behind the cities. The Finance Minister should make a special provision in the budget for employment generation beyond what has already been done so far by various schemes.
One of the main factors for slowdown in the economy is the high interest rates. Lot of companies have been facing the pressure of this and due to this the investment cycle has slowed down. Now the inflation has also moderated even though it is still on the higher side. Some of the steps like reduction in excise duty on important products and implementation of GST would further lower inflation and making a strong case for interest rate reduction. We are hoping that if all things goes as expected there is room for the interest rate reduction by at least 200bps that would help companies reduce their interest burden significantly along with boosting liquidity in the economy.
Give me more time before judging me, says Nadal
By Martyn Herman
REUTERS - Rafa Nadal's worst defeat on a claycourt for nine years offered ammunition to the naysayers but the Spaniard says his recovery from knee injury should be judged over time.
The seven-times French Open champion's narrow loss to Argentine world No. 73 Horacio Zeballos in Vina del Mar on Sunday was rightly regarded as a shock as Nadal's defeats on clay over the past eight years can be counted on two hands.
Even those rare reversals have come against players of the calibre of Roger Federer and, most notably Novak Djokovic in 2011 and the last time he lost to a player outside the world's top 20 on clay was five years ago in Rome when former world number one Juan Carlos Ferrero got the upper hand.
You have to go back to Palermo in 2004, before Nadal had won his first French title, to find the Spaniard losing to one of the game's journeymen, Frenchman Olivier Mutis who was then ranked outside the top 100.
Zeballos, who had never won a title before, played admirably but Nadal was clearly not firing on all cylinders despite reaching the final without dropping a set.
The analysis began immediately afterwards with all eyes focussed on Nadal's movement for signs of the left knee problems that meant he had not played since a shock defeat at Wimbledon last year to Lukas Rosol.
Worryingly for Nadal's million of fans, the 26-year-old openly admitted the knee was still causing him pain.
"The knee is still bothering me, but you have to face adversity with the best possible face and look forward to keep working and enjoy what I like the most, to play tennis," world No.5 Nadal said on the ATP website.
Whether or not the pain is just the result of not playing competitively for so long, or something more serious, remains to be seen but Nadal was clearly relieved that he could compete at a high level in the nine matches he played in six days, including doubles.
"A week ago we didn't know how the body would respond," the 11-times grand slam champions said.
"At least now I know we can compete at a certain level. I think that was a positive week.
"I will try to keep improving my physical sensations day by day, which is the most important thing because I don't feel that my tennis level is bad. I need more time on court."
Nadal's defeat was only his fifth in 41 claycourt finals with the others coming against Federer and Djokovic.
"I was two points away from winning the title, but I said from first day that the result was not the most important thing, although I would've liked to win," he said.
"To win four matches in a row is good news for me."
Nadal moves on to Sao Paulo this week for an indoor claycourt tournament and after a week off completes his south American comeback in Acapulco, Mexico.
Those two tournaments may offer a more reliable guide as to the chances of Nadal reaching peak from in time for the European claycourt swing in which he did not lose a match last year.
(Editing by Ed Osmond)
Centre calls states to discuss Food Bill on Feb 13
The Food Bill, which was introduced in the Lok Sabha in December 2011, aims to give legal right over subsidised foodgrains to two-third of the country's population. In its latest report, the Parliamentary panel has suggested drastic changes in the Bill, saying that all the beneficiaries be provided 5 kg of wheat and rice per month at a uniform rate of Rs 2 and Rs 3 per kg.
"It (the meeting) will discuss proposals made in the Bill and further action for finalisation of the Bill in the light of recommendations of the Parliamentary Standing Committee," an official release said. At present, below poverty line (BPL) families effectively get 7 kg of wheat and rice at Rs 4.15 and Rs 5.65 per kg per month.
In the Food Security Bill, the government had proposed to change this by giving 7 kg of wheat and rice to a person at Rs 2 and Rs 3 per kg. Non-BPL families, as per the Bill, were to get 3 kg of foodgrain at half of the government fixed minimum support price, which translates into about Rs 7 per kg for wheat and Rs 10 per kg for rice.
The Parliamentary panel's recommendations are generally not binding on the government. However, if accepted, the recommendations will benefit the general population in both price and quantity, while BPL member will get lesser quota than what was proposed in the original Bill.
Govt working on proposal to cap air fares
Official sources said though the government would not determine the fares, it was working on a formula to determine the lowest and highest ranges in consultation with the airlines. The fares would not be allowed to go beyond a fixed multiple of the minimum air fare during a given period, the sources said, while referring to the recent limited-period low fares announced by SpiceJet.
Industry experts, while opposing any move to "restrict commercial decisions", felt that the best solution would be to link the air fares with the revenue per kilometre (RPKM) calculated by the airlines. A formula to determine the fare bands needed to be devised, they said.
Currently, the price-bands of each airline generally range from 12 to as high as 22 set on various sectors. While there was a need to make the price-bands more transparent, there should also be some rationale behind the huge difference between the highest and the lowest air fares in these price bands, the official sources said.
To questions, the minister refuted reports that fares had gone up due to the closure of Kingfisher Airlines ' operations, saying high jet fuel prices and airport charges were responsible for it.
"Airlines are charging more to recover costs and avoid bankruptcy. The costs in this industry are very high and the margins thin. The airfares are dynamic and increase with the rise in demand for seats," Singh said. The lowest return-ticket price between Delhi and Goa sector was over Rs 19,000, a Delhi-Kolkata ticket was more than Rs 17,000 and a Delhi-Mumbai ticket was over Rs 16,000 which has about 60 flights a day.
Officials said more transparency was needed in fares to let the passenger know what fare they have to pay, noting that earlier, the fare-sheet used to be published in the newspapers on a regular basis by all airlines. On the prevailing system of fare-buckets, they said the passengers should know how many seats are being offered in each fare bucket and what was available and what price.
Recently, civil aviation ministry officials had suggested to the airlines at a meeting that they should charge low spot fares on the travel date to fill up about 30 percent of their seats which go vacant. They pointed out that the average passenger load factor for all Indian airlines hovered around 70-75 percent, implying that the remaining seats on a flight go empty.
At a meeting of the Civil Aviation Economic Advisory Committee, it was suggested that airlines could charge last minute spot-fares at low fares to fill up their seats. The Supreme Court had in December 2012 directed the DGCA to examine the tariff structure of Indian airlines in view of the wide range of the base-prices of air tickets, expressing concern over the the massive differential between the lowest and highest air fares on the price bands.
Murdoch might scrap British tabloid's topless photos
By Rosalba O'Brien
LONDON (Reuters) - As much a part of the saucier side of British 20th-century life as cheeky seaside postcards and innuendo-loaded comedies, the topless models in Britain's best-selling daily paper might soon be no more.
Media mogul Rupert Murdoch, whose Sun has featured a large picture of a bare-breasted model on page three since 1970, has indicated that it may be time for a change in tack.
In response to a tweet saying: "Seriously, we are all so over page 3 - it is so last century!", the 81-year-old Australian replied: "You maybe right, don't know but considering. Perhaps halfway house with glamorous fashionistas."
The exchange coincided with the latest in what have been perennial campaigns against Page 3, this time spurred in part by a public sense that the mass-circulation press, tainted by scandal, is too powerful and should be reined in.
The "No More Page Three" campaign sent an open letter signed by more than 50 members of parliament to Dominic Mohan, editor of the Sun, which is part of News Corp's British newspaper division News International.
"We want to live in a society where the most widely-read newspaper is one that respects women," read the letter, posted on the campaign's website.
"Instead, the Sun publishes Page 3, which reduces women to objects. It reduces men to objectifiers. And it reduces this country to one that upholds 1970s sexist values. We're better than this."
"NATURAL BEAUTY"
During the Leveson inquiry into press standards last year, prompted by a phone-hacking scandal that forced the closure of the Sun's sister Sunday paper, the News of the World, Mohan said the photos "celebrate natural beauty".
"We're allowed to publish those images, and I think it's become quite an innocuous British institution where, as a parent myself, I'm more concerned about images that my children might come across on the Internet or on digital devices," he said.
But not all News International insiders agree. Former executive chairman Les Hinton, who resigned as head of Dow Jones during the phone hacking scandal, tweeted in response to Murdoch that "Page 3 has jarred for ages."
Murdoch bought the Sun in 1969 and rapidly turned it into an irreverent, muck-raking tabloid, introducing topless models within a year.
Initially featuring coy side-shots, the Page 3 photos later became more explicit, leaving little to the imagination. The picture is usually accompanied by a short text, quoting the model's improbable take on one of the issues of the day, often related to something the paper has been campaigning about.
A stint on Page 3 launched the careers of Samantha Fox, who went on to become a pop singer in the 1980s, and Katie Price, who as "Jordan" was known for her surgically enhanced bust and an infamous appearance on a reality TV show, and is now the name behind a number of books and perfumes.
BEST-SELLING PAPER
Though the liberal intelligentsia loved to hate it, the Sun was embraced by the public and its sales rose. In common with other newspapers, it is losing readers, but it is still Britain's best-selling paper, shifting around 2.4 million copies a day in January.
Media commentators noted it was not the first time the Sun had mooted dropping Page 3.
"Murdoch is aware that, should he dare to follow his anti-Page 3 instincts, he may jeopardise the Sun's circulation," former Sun assistant editor Roy Greenslade wrote on the Guardian's website.
"He is ... caught between his desire to 'do the right thing' and commercial reality."
Monday's Sun featured 21-year-old Mellisa from Kent, appearing to emerge from the sea wearing only bikini bottoms.
"Mellisa is furious that foreign aid money is being squandered on fat cat consultants," the accompanying text reads, before going on to quote the 19th-century religious writer Charles Caleb Colton.
The idea of printing pictures of semi-naked women to boost circulation was copied by other British mass-circulation papers as well as newspapers in other countries, although many have since stopped the practice.
Germany's top-selling Bild removed topless women from its front page last year - only for them to reappear on Page 3.
Women's groups have criticised the Sun's pictures as degrading since they were introduced, but are regularly vilified by the paper as dour and bitter.
Former minister Clare Short, who has campaigned against Page 3 since 1986, was described as "fat" and "jealous", a move that Mohan admitted during the Leveson inquiry was not appropriate.
"It's not probably something I would run now," he said.
(Editing by Kevin Liffey)
Union Budget 2013: Include EP activities in infra sector, says DB
Mon, Feb 11, 2013 at 21:28
Inclusion of exploration and refining activities in infrastructure sector is expected. Further, exploration and refining can be allowed a deduction for 10 consecutive assessment years against the prevailing 7 year period.
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Union Budget 2013: Include E&P activities in infra sector, says D&B
Inclusion of exploration and refining activities in infrastructure sector is expected. Further, exploration and refining can be allowed a deduction for 10 consecutive assessment years against the prevailing 7 year period.
Like this story, share it with millions of investors on M3
Union Budget 2013: Include E&P activities in infra sector, says D&B
Inclusion of exploration and refining activities in infrastructure sector is expected. Further, exploration and refining can be allowed a deduction for 10 consecutive assessment years against the prevailing 7 year period.
- Inclusion of exploration and refining activities in infrastructure sector is expected. Further, exploration and refining can be allowed a deduction for 10 consecutive assessment years against the prevailing 7 year period.
- Modification of the term "Mineral Oil" to include natural gas including gas obtained from Coal Bed Methane (CBM) so that companies engaged in the exploration and production of natural gas can avail tax holiday which is currently extended to mineral oil exploration companies. This measure would encourage oil & gas exploration companies to step up their investments in exploration and development of natural gas and CBM reserves.
- Exemption in customs duty on rigs imported by companies acting as contractors for state owned exploration firms or by a sub-contractor of such contractor provided they adhere to prescribed norms. This would help private contractors cut down their operational expenses.
- Widening of the customs duty exemption to items required for petroleum operations and those installed on-shore is expected.
- Services provided to exploration and production companies should be exempted from service tax. Also Services imported by exploration and production companies should be exempted from service tax.
- Validity of deduction under Section 80 IB (9) for refining projects is likely to be extended from 31/3/2012 to 31/3/2015 so as to cover the projects which is affected by time delays.
- Duty exemption on import of LNG / Natural made by any person as long as it is used for the generation of power.
- Swapping of natural gas if made through Ministry of Petroleum and Natural Gas as per policy measure should not attract taxes of any kind.
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
The latest earning numbers FIRST on CNBC-TV18
Berlin film festival looks east, hot topics in frame
Written By Unknown on Senin, 04 Februari 2013 | 23.07
By Mike Collett-White
LONDON (Reuters) - The Berlin film festival looks east this year with six of 19 competition entries either made or based behind the old Iron Curtain, while two star-studded U.S. movies tackle big business - energy and pharmaceuticals.
Iran's record on human rights will be in the frame during the two-week cinema showcase starting on February 7, while the Flintstones make way for "The Croods", a prehistoric family at the centre of a new 3D animation from DreamWorks.
The annual Berlinale, now in its 63rd year, is one of Europe's most important film festivals, and alongside it runs a large-scale marketplace for trading new features and documentaries and discussing those under development.
While unable to attract the number of stars and blockbusters as similar events in Cannes and Toronto, Berlin is an early introduction each year to what global cinema has to offer and enjoys a reputation for tough films tackling hot topic issues.
"When you come into the New Year, it's important that there be a major international festival that lays the groundwork for the year," said Michael Barker, head of Sony Pictures Classics which has "Before Midnight" in Berlin.
"I don't think it's a conflict with the Oscars or with Sundance, because Sundance is a very different type of festival," he told Reuters, referring to the festival held in Utah in January that has a greater emphasis on U.S. cinema.
Eastern Europe is in the Berlin spotlight, with competition films from the region including "Child's Pose" which examines corruption and class in Romania through the story of a wealthy mother seeking to buy her convicted son his freedom.
"Harmony Lessons" is Kazakh filmmaker Emir Baigazin's feature drama debut, while "In the Name of..." from Poland broaches the sensitive topic of homsexuality in the Roman Catholic priesthood.
U.S. actor Shia LaBeouf plays Charlie in "The Necessary Death of Charlie Countryman", about a young man who travels to Romania and gets embroiled in a dangerous rivalry with a mafia drug cartel.
POLITICS, BUSINESS ON SCREEN
Among the topical movies in Berlin in 2013 will be "Promised Land", about the controversial drilling technique for extracting gas known as "fracking" which stars Matt Damon and is directed by his "Good Will Hunting" collaborator Gus Van Sant.
Steven Soderberg's "Side Effects" is in part a critique of the pharmaceutical industry, although online reviews stress it is as much a murder mystery and boasts Jude Law, Channing Tatum and Catherine Zeta-Jones in the cast.
Soderbergh, an Oscar winner for his 2000 narcotics drama "Traffic", has announced it will be his final big-screen feature film, at least for the forseeable future.
Arguably the most politically charged picture at the festival will be "Closed Curtain", co-directed by acclaimed Iranian director Jafar Panahi who made it in defiance of a 20-year ban on film making imposed by authorities at home.
Convicted of making anti-government propaganda, Panahi has nevertheless managed to make two movies since being placed under house arrest in 2010.
In 2011 "This Is Not a Film", about a day in his life, was transported out of Iran on a USB stick hidden inside a cake, and has since been shown to the world.
"Before Midnight", the third part in Ethan Hawke and Julie Delpy's long-running love story, is not eligible for awards at the festival's closing ceremony on February 16, when the coveted Golden Bear for best picture is handed out.
Also in the main lineup but out of competition is "The Croods", featuring the voices of Nicolas Cage and Ryan Reynolds, and "Dark Blood", which River Phoenix was filming when he died aged 23 in 1993.
Nearly 20 years later, after saving the footage from being destroyed, director George Sluizer decided to finish the film by reading aloud off-screen the missing scenes from the screenplay.
The Berlinale opens on February 7 with the international premiere of martial arts epic "The Grandmaster" directed by Hong Kong's Wong Kar Wai, who is also president of this year's jury. (Reporting by Mike Collett-White, Editing by Belinda Goldsmith)
Wage negotiations still on with employees: Jet Airways
"We are still in negotiations with the employees. We have not completed that (exercise) but hope to get it completed shortly," company's Vice-president for Commercial Strategy and Investor Relations K G Vishwanath said at a post-earnings conference call.
Vishwanath's assertion comes a day ahead of the airline management inviting its pilots for a meet on the issue.
The airline is in the final stages of sealing a stake sale deal with the Gulf carrier Etihad Airways. The pilots have long been demanding wage hike besides payment of arrears running into crores of rupees, pending since 2011. The airline had recently given hike of up to Rs 18,000 per month to a section of its ground staff.
On attrition, Vishwanath said the airline has seen exodus of 1,139 employees year-on-year till the December quarter, mainly from cabin crew and ground handling, adding, "these segments traditionally have higher attrition rate."
Stating that the current quarter has seen some "robust bookings" mainly on the international sectors, Chief Commercial Officer Sudheer Raghavan said, "we are comfortable what they (the bookings) are today."
"On the domestic routes, we are now into the traditionally weaker quarter. However, we don't see any room for concern at this stage," he said.
Jet will be receiving back all its wide-body 777 planes, which are on lease currently, Vishwanath said.
"But we have not yet decided whether we should operate them or put on lease again," he said.
On the debt repayment plan, Vishwanath said the airline will retire USD 400 million of debt in the next financial year while it had already repaid around USD 400 million this year.
The airline's total debt stood at USD 2.16 billion as of December against USD 2.6 billion as of March last year.
The Naresh Goyal-owned domestic private carrier last Friday reported a net profit of Rs 85 crore for the quarter ended December against a net loss of Rs 101.22 crore in the year ago quarter.
Meanwhile, the airline in a statement said it has signed a global maintenance agreement with the European turboprop aircraft manufacturer ATR worth USD 48 million.
This new agreement extends the existing pact by another seven years and covers the supply of spare parts and maintenance services for its fleet of ATRs.
Jet Airways, including its low-cost subsidiary Jet Konnect, currently operates 16 ATR 72-500 and one ATR 72-600s, and will add four more ATR 72-600s into its fleet, thus becoming the first domestic operator to have these new series aircraft.
Sistema says Indian licences extended until March 11
MOSCOW (Reuters) - Russian oil-to-telecoms conglomerate Sistema said on Monday the licences of its Indian mobile subsidiary had been extended until a further Supreme Court hearing on March 11.
The court last year ordered the cancellation of 122 telecoms licences held by eight operators, including Sistema's SSTL, because of alleged irregularities in the way they were awarded in 2008, but Sistema asked to court to review the order.
(Reporting by Maria Kiselyova; Editing by Douglas Busvine)
Injured Agarkar to miss Irani tie
Wall Street opens lower after recent gains
The Dow Jones industrial average was down 58.67 points, or 0.42 percent, at 13,951.12. The Standard & Poor's 500 Index was down 6.84 points, or 0.45 percent, at 1,506.33. The Nasdaq Composite Index was down 18.33 points, or 0.58 percent, at 3,160.77.
22 killed in UAE road collision - police
DUBAI (Reuters) - At least 22 people were killed when a truck laden with gravel collided with a bus carrying 46 Asian migrant workers in the oasis town of al-Ain in the United Arab Emirates, police said on Monday.
The truck driver lost control of his vehicle, causing it to land on top of the bus and trap its passengers under the cargo of gravel, police said of Sunday's incident.
Twenty-four people were injured, at least five critically, officials from two hospitals in al-Ain said. The police did not disclose the nationalities of the dead, but Dubai-based Gulf News daily reported they were mostly from Bangladesh.
The per capita death toll on UAE roads is among the highest in the world, according to World Health Organisation data. The UAE is a federation made up of seven emirates that include trade and tourism hub Dubai and oil-rich Abu Dhabi.
(Writing by Mahmoud Habboush, Editing by William Maclean and Jon Boyle)
Global shares slip from highs; Spain, Italy pressure euro
By Wanfeng Zhou
NEW YORK (Reuters) - Major stock markets fell on Monday as investors booked profits on recent strong gains, while the euro slipped from multi-month highs against the dollar and yen on political uncertainty in Spain and Italy.
Oil prices retreated from 4-1/2-month highs as investors paused for breath after a rally powered by signs of an improving global economic outlook and geopolitical tensions in the Middle East.
U.S. stocks moved lower in early trade. The S&P 500 rose to a five-year high and the Dow to 14,000 for the first time since October 2007 last week after jobs and manufacturing data showed the U.S. economy's recovery remained on track.
"We should get a pullback. Markets have been on a tear and they have been on a tear for good, sound economic and earnings-driven reasons," said Peter Kenny, managing director at Knight Capital in Jersey City, New Jersey.
Political uncertainty in Europe also weighed on shares and the euro and drove peripheral bond yields sharply higher.
In Spain, Prime Minister Mariano Rajoy was facing calls to resign over a corruption scandal in which he denies any wrongdoing.
"The prospect of Rajoy's resignation has roiled the markets," said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York.
"Any fresh political instability in (the) euro zone's most important periphery economy could undermine the sense of investor confidence and send Spanish yields higher, making it much more difficult for the government to implement its austerity measures."
In Italy, former Prime Minister Silvio Berlusconi, one of the top candidates in this month's general election, is seeing a resurgence in popularity, which threatens the reforms implemented by the outgoing technocrat government.
The Dow Jones industrial average dropped 112.34 points, or 0.80 percent, at 13,897.45. The Standard & Poor's 500 Index was down 10.47 points, or 0.69 percent, at 1,502.70. The Nasdaq Composite Index was down 16.31 points, or 0.51 percent, at 3,162.78.
MSCI's world equity index fell 0.8 percent to 354.98. The FTSEurofirst 300 lost 1.1 percent to 1,155.34, led by euro zone banks after weak results from Commerzbank.
Spanish 10-year government bond yields rose 20 basis points to 5.42 percent while Italian yields were 9 bps higher at 4.42 percent.
The euro traded at $1.3571, down 0.5 percent on the day, having hit a session low of $1.3547. It had risen to $1.3711 on Friday, a level unseen since late 2011.
But the euro's dip may prove temporary, strategists said, and it could resume its move up if the European Central Bank, which meets on Thursday, expresses no concern about the currency's recent gains.
Against the yen, the euro was down 0.7 percent at 125.88 yen, off a 33-month high of 126.96 yen struck last week. The dollar was little changed at 92.67 yen.
In commodities trading, Brent oil fell $1.22 to a low of $115.54 per barrel before recovering slightly to around $115.86, down 90 cents. Brent had risen for three straight weeks.
U.S. crude dropped $1.36 to a low of $96.41 per barrel after rising for eight consecutive weeks, the longest such winning streak since July-August 2004.
"The market is long due a correction," VTB Capital oil and commodities markets strategist Andrey Kryuchenkov said. "The market is firmly in an uptrend, but so over-bought."
Spot gold was little changed at $1,666.54 an ounce.
U.S. Treasuries prices rose as bargain-minded investors emerged and pushed benchmark yields back below 2 percent after they climbed overnight to their highest levels in over nine months.
The benchmark 10-year U.S. Treasury note was up 12/32, the yield at 1.9799 percent.
Overnight, Asian shares climbed to 18-month highs. China added to the optimism about the global economy by reporting on Sunday that its services sector had grown for a fourth straight month in January, although the slim gain also signaled that the global recovery underway is a modest one.
(Additional reporting by Chuck Mikolajczak and Nick Olivari in New York and Christopher Johnson and Richard Hubbard in London; Editing by Dan Grebler)
Bounding up the Empire State Building step by step
By Dorene Internicola
NEW YORK (Reuters) - Taking the stairs instead of the elevator is standard advice to get fit but some athletes and charity runners take it to the extreme with the run up the 1,576 steps of the Empire State Building.
For runners who will be racing up the New York landmark on Wednesday, experts advise them to pace themselves.
"People get excited and blast through those stairs," said Eric Talve of the New York Road Runners, which organizes the Empire State Building Run-up, now in its 36th year.
"The main thing is to run smartly - not to get out too fast and tire out."
Research has shown that normal stair climbing is an aerobic exercise that works the lower body and core and can burn calories two to three times faster than walking briskly on a level surface.
Gary Liguori, an expert in exercise science with the American College of Sports Medicine, recommends at least three months of preparation, such as squatting, lunging, running and stair running to prepare for a climb like the Empire State Building.
"I don't think you can just hop in and do a run-up," Liguori said. "It carries more risk than (running on a) flat surface and is much higher intensity."
Rick Feinstein, 69, of Jericho, New York, did the run-up twice about 25 years ago and thinks it will be harder and slower for him this time.
A triathlete who runs and swims five times a week, Feinstein had planned to train for the so-called vertical marathon by running vertically.
"I had ambitious plans that once a week I would run up a 40-story building. It hasn't happened," said Feinstein, who also has run 33 New York City Marathons. "And now I figure it's too late. Like everything else, I'll have to tough it out."
Twenty-five years ago Feinstein charged to the deck in 14 minutes. These days he said a great time would be under 20 minutes and a realistic one between 22 and 24.
"Someone used to say running up the Empire State Building is the equivalent of a hard 2-mile (3.2 km) race," he said. "While it's a tough race, it's just one hill. And you have handrails you can reach out and grab on both sides."
Feinstein is looking forward to the run-up, although with some anxiety.
The 700 to 750 men and women expected to scale the building's 86 floors range from elite athletes who scurry up skyscrapers around the world, to marathoners going vertical, to the approximately 200 entrants running for charities.
With such a wide range of abilities, Talve said, preparation is an individual matter.
"You can practice on a Stairmaster but it's not quite the same," he said.
The Empire State Building Run-up was the brainchild of New York City Marathon founder Fred Lebow. The inaugural Run-Up in 1978 was won by Gary Muhrcke, who won the first New York City Marathon in 1970.
The fastest runners take about 10 minutes to climb the nearly quarter-mile (.4 km) of steps, round the Observation deck of the iconic skyscraper and finish the evening run.
"We have wide mix of people who apply," Talve said.
Feinstein calls it the quintessential New York City race.
"You start in the lobby and everyone races through this narrow doorway," he explained. "It's like running for the subway." (Editing by Patricia Reaney and Bill Trott)
NTPC disinvestment: EGoM to decide OFS price on Tuesday
"The EGoM on stake sale in NTPC will be held tomorrow," an official said. The government, he said, was proposing to offload its stake in NTPC later in the week through the offer for sale (OFS) route.
The department of disinvestment (DoD) had successfully completed 10% stake sale in Oil India Ltd ( OIL ) through the auction route last week raising over Rs.3,113 crore for the government.
The DoD has already conducted international roadshows for disinvestment of NTPC.
With OIL stake sale going through, the government has raised over Rs.10,000 crore though public sector unit (PSU) stake sale so far this fiscal. This include Rs.6,000 crore from stake sale in NMDC Ltd , Rs.800 crore from HCL Technologies Ltd and Rs.125 crore from NBCC .
Disinvestment secretary Ravi Mathur had said earlier that the government will be able to raise Rs.27,000 crore through disinvestment in the current fiscal, lower than the budgeted Rs.30,000 crore.
App helps bring strangers together over meals
By Natasha Baker
TORONTO (Reuters) - Looking for new friends or dinner partners? A new smartphone app is designed to help people connect to others to set up groups for dinners.
The app, GrubTonight, links hungry and adventurous smartphone users for dinners, fun evenings and friendship.
"We wanted to build a real-time spontaneous app where any night of the week you could go out and eat, because you need to eat anyway, and also have a social outing," said Eddy Lu, CEO and co-founder of Grubwithus Inc, an online community for group meals based in Los Angeles, California.
Users can browse group dinners through the app, which works with restaurants to fill open seats. Each night there are three prix-fixe group dinners available. Bookings for the meals, which average about $20, are made through the app. The meal includes a shared appetizer, entree and a drink.
GrubTonight is available in Los Angeles but the company's other app, Grubwithus, is worldwide and enables users to attend group dinners that are planned several days in advance and revolve around themes.
Users are also able to organize their own public or private group dinners using the app.
"When you want to create an event you just select one of our partner restaurants and the menu is already taken care of," said Lu.
"People need efficient ways just to meet people. It's a good social way to come together and you need to eat three times a day," he said, adding that most users are between 20 and 35 years old.
The company has organized meals in more than 50 cities worldwide but the app has been most popular in San Francisco, New York and Chicago.
The motivation for Grubwithus, according to Lu, came from the difficulty he faced in meeting new friends and people to do things with in Chicago.
"When you go to dinner parties and meet friends of friends that's when you really connect with people because you're sitting beside them for an hour," he said. "We thought that dinner was just such a good way to connect with people and build meaningful friendships."
Although it is not a dating app, Lu said that it has played a part in bringing some couples together.
GrubTonight is available for iPhones, but web and Android apps are being developed and the company plans to expand GrubTonight to other U.S. cities. (Editing by Patricia Reaney)