Early man used crude version of ‘sat nav’ system to navigate across England

London, September 15 (ANI): In a new research, a scientist has found that prehistoric man navigated his way across England using a crude version of a satellite navigation system, which was based on stone circle markers.

According to a report in the Telegraph, the research, by historian and writer Tom Brooks, shows that Britain’s Stone Age ancestors were “‘sophisticated engineers” and far from a barbaric race.

Brooks studied all known prehistoric sites as part of his research.

He found that the prehistoric man was able to travel between settlements in England with pinpoint accuracy, thanks to a complex network of hilltop monuments.

These covered much of southern England and Wales and included now famous landmarks such as Stonehenge and The Mount.

New research suggests that they were built on a connecting grid of isosceles triangles that ‘point’ to the next site.

Many are 100 miles or more away, but GPS co-ordinates show all are accurate to within 100 metres.

This provided a simple way for ancient Britons to navigate successfully from point A to B without the need for maps.

“To create these triangles with such accuracy would have required a complex understanding of geometry,” said Brooks.

“The sides of some of the triangles are over 100 miles across on each side and yet the distances are accurate to within 100 metres. You cannot do that by chance,” he added.

“So advanced, sophisticated and accurate is the geometrical surveying now discovered, that we must review fundamentally the perception of our Stone Age forebears as primitive, or conclude that they received some form of external guidance,” he further added.

Brooks analyzed 1,500 sites stretching from Norfolk to north Wales. These included standing stones, hilltop forts, stone circles and hill camps.

Each was built within eyeshot of the next.

Using GPS co-ordinates, he plotted a course between the monuments and noted their positions to each other.

He found that they all lie on a vast geometric grid made up of isosceles ‘triangles’. Each triangle has two sides of the same length and ‘point’ to the next settlement.

Thus, anyone standing on the site of Stonehenge in Wiltshire could have navigated their way to Lanyon Quoit in Cornwall without a map.

According to Brooks, many of the Stone Age sites were created 5,000 years ago by an expanding population recovering from the trauma of the Ice Age.

“The triangle navigation system may have been used for trading routes among the expanding population and also been used by workers to create social paths back to their families while they were working on these new sites,” he said. (ANI)

Stay-at-home parents ‘most stressed workers’

London, September 12 (ANI): Parents who stay at home and look after the household are the most stressed out, a new UK study claims.

According to a research conducted by Mindlab Organisation, mothers or fathers who do household chores are more frazzled than those with traditionally high-pressure jobs, like city trading, teaching or nursing.

Stress levels were investigated in British adults as per their “work” roles – stay-at-home parents, taxi drivers, teachers, nurses and city dealers.

The conclusion was reached by measuring levels of the stress hormone cortisol throughout an average working day.

It was found that stay-at-home parents proved to be the most under pressure. Nurses ranked second in the list, followed by the traders, then teachers and finally, taxi drivers.

A bio-monitoring equipment was used to measure and record the heart rate and skin conductance.

The participants were connected to the equipment and tested over a seven-hour period.

Also, samples of saliva were taken at crucial junctures during the day to measure cortisol, which is a direct indicator of stress.

“The key here is the degree of control each of these professionals feel able to exercise over their lives,” the Daily Express quoted Dr David Lewis, who was part of the research, as saying.

“Stay-at-home parents receive little or no specific training and are furthermore typically isolated from other adults for much of the day,” he added.

Psychologist Jenni Trent Hughes said: “The answer is simply to be selfish and take some time out. After 21 years of running around after the family, pets, supermarket and the house, women have earned it.

“If you’re not taking care of your- self then how can you properly take care of anyone else?

“If you’re ratty or short-tempered, tired or at your wits’ end how can you possibly be the best you can be for your partner, children, family and last but definitely not least yourself?” (ANI)

Satyam founder Raju placed under medial observation for 48 hours

Hyderabad, Sep 8 (ANI): Satyam Computers founder B Ramalinga Raju, who suffered a massive heart attack on Monday, has been put under observation for next 48 hours in the Intensive Care Unit (ICU) of the Nizam’s Institute of Medical Sciences (NIMS) hospital.

According to hospital sources, Raju has also been diagnosed with the Hepatitis C.

Doctors said, Raju’s condition is stable and that he needed rest for a long period.

According to jail sources, Raju suffered a cardiac arrest at around 8 p.m, was initially attended by the jail doctors before being shifted to NIMS hospital.

Raju, who has been under judicial custody at the Chanchalguda jail for the past eight months in connection with Rs 8,000 crore corporate fraud, facing criminal charges including fraud, forgery, cheating, embezzlement and insider trading along with his brother and Satyam’s former managing director Rama Raju and others.

Raju, will turn 55 on September 16.

Raju was Satyam’s Chairman until January 7, 2009 when he resigned from the company’s board after admitting to corporate fraud. The Andhra Pradesh Police arrested him on January 9.

Satyam was created by Raju and others and was until recently perceived to be among the top Indian IT companies. (ANI)

Bank of Baroda becomes a registered bank in New Zealand

Wellington, Sep. 1 (ANI): The Reserve Bank of New Zealand has given permission to the Bank of Baroda to begin trading in the country, making it the nation’s 19th registered bank.

India’s third-largest public sector bank first indicated a desire to enter New Zealand when then-chairman Anil Kumar Khandelwel visited the country in 2007, stuff.co.nz reports.

The Mumbai-based lender’s registration was confirmed by the central bank on Monday.

Bank of Baroda may open its first branch in Auckland’s Mt Roskill, according to reports.

The bank’s local operation, which are is expected to begin near the end of the year, is going to target all ethnic communities, not only Indian residents.

Bank of Baroda is in some 70 countries, including offices in Australia and Fiji, and is looking to continue expanding its international operations with a joint venture to open a banking company in Malaysia, according to its latest earnings report.

Overseas business contributed some 23 percent to the bank’s operating profit.

The parent company boosted its net profit some 85 percent in the three months ended June 30 from the same period a year earlier. (ANI)

Lucknow police raid more places to uncover illegal blood racket

Lucknow, Aug 25 (ANI): Lucknow police has raided a private hospital here and recovered a few packets of illegal blood.

“We have found two-three packets of blood. We have also recovered equipments used to collect blood. Nobody is present here for interrogation at present,” said Sunil Pal, Inspector, Sarojni Nagar, Lucknow.

On August 22, six persons allegedly involved in running a blood racket were arrested from the city.

At least 70 pouches containing blood along with plasma, empty pouches, syringes and fake stamps, stickers and authority letters of the Chattrapati Shahuji Maharaj Medical University were recovered from the possession of the accused on August 22.

Police is probing over a dozen private-run nursing homes and pathology labs involved in trafficking illegal blood.

Trading in blood or organs is illegal in India. While organs can be obtained only by donation, blood can be voluntarily bartered or bought from registered blood banks. Blood banks are regulated by the government as many unscrupulous dealers fleece poor people, buying blood and paying them only a paltry sum. (ANI)

Women with high testosterone levels more likely to choose risky careers

Washington, Aug 25 (ANI): Women with high testosterone levels are more likely to make risky career choices, according to a new study.

Previous studies have shown that testosterone enhances competitiveness and dominance, reduces fear, and is associated with risky behaviours like gambling and alcohol use.

However, until now, the impact of testosterone on gender differences in financial risk-taking has not been explored.

“In general, women are more risk averse than men when it comes to making important financial decisions, which in turn can affect their career choices,” said Paola Sapienza, Associate Professor,Kellogg School of Management at Northwestern University.

“For example, in our sample set, 36 percent of female MBA students chose high-risk financial careers such as investment banking or trading, compared to 57 percent of male students.

“We wanted to explore whether these gender differences are related to testosterone, which men have, on average, in higher concentrations than women,” Sapienza added.

The study showed that higher levels of testosterone were associated with a greater appetite for risk in women, but not among men.

However, in men and women with similar levels of testosterone, the gender difference in risk aversion disappeared.

Additionally, the researchers reported that the link between risk aversion and testosterone predicted career choices after graduation: individuals who were high in testosterone and low in risk aversion chose riskier careers in finance.

“This is the first study showing that gender differences in financial risk aversion have a biological basis, and that differences in testosterone levels between individuals can affect important aspects of economic behavior and career decisions,” said Maestripieri.

“That the effects of testosterone on risk aversion are strongest for individuals with low or intermediate levels of this hormone is similar to what has been shown for the effects of testosterone on spatial cognition.”

The study has been published in the Proceedings of the National Academy of Sciences (PNAS). (ANI)

UK’s popular healthcare firm Holland and Barrett to sell sex toys

London, Aug 22 (ANI): Britain’s popular High Street retailer Holland and Barrett has announced that it is to begin selling sex toys for women.

Known for selling myriad of natural healthcare products, the firm will now begin to sell intimate products.

The shoppers will be able to choose from a selection of ‘intimate massagers’, priced at 49.95 pounds and manufactured by a company called Emotional Bliss.

They are currently available online only, under the category of ‘Sexual Health’, but a spokesman said the products could be hit the stores if sales prove to be brisk.

“We believe sexual wellbeing is an important part of general health, so for us it was an obvious choice to stock Emotional Bliss as their values fit ours,” the Telegraph quoted Michelle Ingleby, senior buyer for non-food at Holland and Barrett, as saying.

According to Phil Geary, the company’s director of trading, the recession has led to increased demand for more intimate products.

“People are spending more time at home during these difficult economic times,” he added.

Paul Telford, a spokesman for Emotional Bliss, said he was delighted that such a prominent High Street chain had chosen to stock the products.

“We are over the moon that we are the first company of our kind to be taken up by Holland and Barrett online.

“It’s brilliant news that a well-established and respected British company like Holland and Barrett is supporting Emotional Bliis, a British manufacturer. We couldn’t be happier,” he added. ANI)

Australia, India sign AUD 25 billion Gorgon LNG Deal

New Delhi, Aug.19 (ANI): Australia and India have signed their first ever long-term LNG contract. A Sales and Purchase Agreement between ExxonMobil and Petronet LNG of India was completed on August 10, 2009.

Welcoming the agreement, Australia’s Minister for Resources and Energy, Martin Ferguson AM MP said: “This deal, worth more than AUD 25 billion over 20 years, represents the dawning of a new trading partnership between Australia and India, and brings the Gorgon gas development yet another step closer to fruition”.

“I hope this new partnership with India will grow to be as significant as our LNG export trade with our friends in East and North East Asia” he added.

Signed on 10 August in Perth, the Agreement will see around 1.5 million tonnes of LNG from the Gorgon project sold into India annually over a 20-year term.

According to a press release of the Australian High Commission here, the Gorgon LNG project will become the largest single investment ever undertaken in Australia. The project is being developed by the Gorgon Joint Venture, which consists of Chevron (50 percent and operator), ExxonMobil (25 percent) and Shell (25 percent).

The gas fields in the Greater Gorgon area hold more than 40 trillion cubic feet of natural gas and form Australia’s largest known gas resource. (ANI)

Delhi Stock Exchange teams up with IBM to re-start its operations

New Delhi, July 15 (ANI): IBM today announced that it has signed a 10-year information technology (IT) services agreement with Delhi Stock Exchange, one of the leading stock exchanges in India. As part of this Rs 11 crore agreement,

IBM will provide business continuity and disaster recovery services to DSE as well as remotely host and manage its IT infrastructure.

This will help the exchange meet the stringent business continuity guidelines as laid out by Securities and Exchange Board of India (SEBI) before it could resume its operations after a hiatus of six years. By engaging with IBM in a complete operational expenditure (pay-as-you-go) model, DSE will also save 100 percent capital expenditure on IT.

Signed in June 2009, this agreement demonstrates IBM’s focus to help clients ‘Do more with Less’ by engaging in an increasingly popular operational expense (opex) model. It also leverages IBM’s global experience of over 40 years to provide business continuity and resiliency services to help clients minimize the costs and time-frames associated with recovering business operations in the event of a disaster.

DSE was one of country’s largest stock exchanges – almost at par with Bombay Stock Exchange in the 90′s, and has been in existence for over 60 years.

In 2002, however, the exchange became inactive due to negligible trading volumes. Seven years later, the exchange is now looking at resurrecting itself to its former glory-one where it used to be bustling with over 2,800 companies listed.

IBM will play a key role in helping DSE go live for trading by providing a highly secure environment and a robust resiliency solution with the goal of zero data loss once the exchange becomes operational later this year.

“As DSE looks to claim back its position as one of country’s leading stock exchanges, the agreement with IBM couldn’t have happened at a better time,” said Mr HS Sidhu, Executive Director and CEO, Delhi Stock Exchange. “As the world’s leading IT services company, IBM will bring immense value to the exchange by providing time-tested and world-class managed services-that would help DSE become operational and successful once again.”

Vijay Gupta, Chairman – Business Development Committee, Delhi Stock Exchange remarked, “DSE will play a key role in the stock trading landscape of India, once re-launched. IBM’s commitment to helping DSE achieve that goal is commendable. IBM’s strong value proposition of providing managed services in an opex model was also one of the key reasons why DSE decided to choose IBM for this strategic relationship.”

Under this agreement, IBM will build, host and manage the entire disaster recovery infrastructure for DSE from its data center. IBM will also provide 24×7 monitoring services for hardware and networking devices from its command center.

Neeraj Sharma, Director, Integrated Technology Services, IBM India/South Asia, “Companies today want to do more with less in these economically challenging times. DSE’s trust in IBM is a testament to IBM’s value proposition and world-class capabilities to help its clients improve the operational efficiency and cost effectiveness as well as accelerate time-to-market for services.” (ANI)

Now, Oz mining giant Rio Tinto accused of bribing executives of 16 Chinese steel mills

Beijing, July 15 (ANI): The staff of Australian miner Rio Tinto bribed executives from all 16 Chinese steel mills participating in this year’s iron ore price talks, an industry insider has disclosed.

“Rio Tinto got to know the key executives of the 16 steel mills, who have sensitive industry information, when the China Iron and Steel Association (CISA) brought them to the bargaining table,” China Daily quoted a senior manager at a large steel company, as saying.

“And then Rio Tinto bribed them (to get access to industry data), which has become an unwritten industry practice. If companies didn’t accept, they would have cut supplies and so the whole steel industry has been bribed,” he added.

The shocking revelation comes amid reports that the Chinese Government is planning to cancel 20 iron ore import licenses to regulate the chaotic ore import business, and investigate an alleged business espionage linked to the world’s second-largest iron ore miner, Rio Tinto.

“It is very likely for CISA to cancel about 20 iron ore import licenses held by steel makers and trading companies, with a focus on trading companies,” a source said.

Executives from five leading domestic steel makers and officials from the industry association are under investigation following last week’s detention of four employees of Rio Tinto’s China operation, including Australian-origin Stern Hu.

Another industry insider said: “There are about 1,200 steel mills in China. Most small- and medium-sized mills without import licenses have to buy ore from big ones with licenses.

“Therefore, some big mills don’t care about the ore prices because they could transfer the increasing cost to small- and medium-sized ones. Meanwhile, those small- and medium-sized steel mills are forced to sign contracts with global miners privately,” he added.

And, Hu Kai, an analyst with Umetal, a steel consulting firm, said: “Because of their own interest and intense competition among various steel makers in China, it’s unlikely for them to present a united front when bargaining with overseas ore providers.” (ANI)

Govt. initiative to establish Power Exchanges benefited country: Shinde

New Delhi, July 8 (ANI): Union Minister for Power Sushilkumar Shinde on Wednesday said that the Government’s initiative to establish Power Exchanges in India has benefitted the country.

The minister said it happened by ensuring payment security, promoting competition among stakeholders, reduction in transaction costs by providing a common platform for trading, empowering demand side response to price signals and bringing about efficiency.

“Power is a high priority sector for the Government and policy initiatives will continue to promote competition, efficiency, restructuring and investment,” said Shinde while delivering the inaugural address at a seminar on “Journey to Competitive Markets” in the national capital.

Shinde said that a number of other initiatives have also been taken for empowerment of the State Load Despatch Centers, thereby, facilitating further growth of the Power Market.

These include setting up of committees by the Ministry of Power to look into various aspects to improve the infrastructure and other facilities in the State Load Despatch Centers and their ring fencing.

Organised by Indian Energy Exchange (IEX), the seminar was meant to mark its first anniversary and attended by several luminaries of power sector.

Shinde, on this occasion, said that during the year the total number of members and clients of IEX has crossed 130 and over 3,600 million units of power worth Rs. 3,000 crore has been traded through the Power Exchange.

The Electricity Act, 2003 has been brought about to facilitate private sector participation and to help cash strapped SEBs to meet electricity demand. It envisages competition in electricity market, protection of consumer’s interests and provision of power for all.

The Act provides for National Electricity Policy, rural electrification, open access in transmission, phased open access in distribution, mandatory SERCs, license free generation and distribution, power trading, mandatory metering, and stringent penalties for theft of electricity.

The minister said considering the present inter-State power trading scenario and the need to promote power trading in a free power market, Central Electricity Regulatory Commission (CERC) approved the setting up of IEX as the first power exchange in India. (ANI)

Katy Perry’s namesake appeals to the pop star to call off her lawyers

London, Jul 7 (ANI): American singer songwriter Katy Perry’s namesake has posted an online appeal to her asking her to call off the lawyers who are threatening her business.

Perry, 24, the singer, was actually born Katheryn Elizabeth Hudson, and the fashion designer from Sydney was born Katie Jane Perry.

When the fashion designer applied to trademark her name, she received a letter from the singer’s lawyers opposing the move.

Their claims being that people would believe her clothing line was linked to the pop star.

Katie Jane Perry has said that changing her trading name could jeopardise her burgeoning business, which was started two years ago, and she has just opened her first store in the Sydney suburb of Mosman.

Now she has taken matters into her own hands by posting a video on YouTube.

Standing in front of the landmark Sydney Opera House, the designer makes a direct appeal to the pop star to back off.

“I’m an Aussie girl doing my dream. I’m no threat to you… and the only people who are making any money out of this are lawyers,” Sky News quoted her as saying.

Jane Perry has invited the singer to visit her studio when she tours Australia in August.

Legal experts said that the lawyers were taking action because so many entertainers these days branch out into fashion, and that Aussie Perry may have to prove she was trading before her American namesake became famous. (ANI)

India Inc. disappointed with Mukherjee’s budget for 2009-10

New Delhi/Mumbai, July 6 (ANI): India Incorporated on Monday reacted with disappointment to the proposals for Budget 2009-10 introduced by Union Finance Minister Pranab Mukherjee.

It said that Mukherjee had remained silent on key points like the revamp of fuel policy, corporate tax, and the disinvestment roadmap.

The Bombay Stock Exchange (BSE) benchmark Sensex suffered the biggest fall on any Budget day and in the year too by plunging over 869 points on the BSE on concerns at the high fiscal deficit (6.8 percent) set by the Union Budget.

The Sensex, which started coming down soon after the announcement of budgetary proposals, dipped below the 14,000-point level before closing 869.65 points down at 14,043.40, surpassing the hefty fall of 749 points on January 7.

The key index had touched the day’s low of 13,959.44 as all the heavyweight stocks led by Reliance Industries suffered a heavy loss 6.53 per cent. Besides the fiscal deficit, trading sentiment also affected as European stocks dipped to a seven-week low on worries that economic recovery might still be far way off. The 50-share National Stock Exchange index Nifty also tumbled by 258.55 points to 4,135.70, after hitting the day’s low of 4,133.70.

Banking sector stocks suffered the most, losing 8.17 per cent to 7,768.63, as ICICI Bank tumbled by 10 per cent and HDFC Bank by 5.88 per cent among lenders as the Budget did not have measures to open up the industry and on concerns that the borrowing plan will reduce the value of bond holdings, brokers said.

Apart from the fiscal deficit, the other worry for captains of industry was the hike in Minimum Alternate Tax from ten to fifteen percent.

The Nifty also gave a thumbs down to the budget announcements.

Mukherjee left the corporate tax, customs and excise duty structure unchanged. He abolished the Fringe Benefit Tax which was the bugbear of the industry. Also, the deadline for Corporate India’s demand for a rollout of Goods and Services Tax has been set as April 2010.

He left the Securities Tax unchanged but scrapped the Commodities Transaction Tax. (ANI)

‘Royal protection officers played poker, traded porn in Buckingham Palace’

London, Jun 30 (ANI): A former royal protection officer, who has been accused of being involved in a 3-million-pound betting and property scam, has laid claims that his colleagues played poker and traded pornography while working at Buckingham Palace.

Paul Page, 38, of Granville Road, Chafford Hundred, Grays, Essex, is said to have allegedly cheated colleagues and others out of their life savings.

Page, who describes his job as an “easy life”, denies fraudulent trading, intimidation and threatening to take revenge on a victim who spoke to police between January 1 2003 and March 30 2007.

His wife Laura, 42, was acquitted on June 26 of charges she originally faced in connection with the case.

During his opening defence at Southwark Crown Court today, Page, a father-of-five, revealed that officers in the royal protection command could earn 50,000-60,000 pounds a year with overtime “for doing very little”.

Shifts involved two hours on post, followed by at least an hour off post.

“You didn’t work for a living. That is the bottom line,” the Telegraph quoted him as saying.

“You have got time to study… There was one officer and he did sell porn. He used to get it from Holland, bring it back and sell it to officers while on duty.

“Everyone knew about it but no one would say anything. Officers were running poker games for money in down time. If people want to do that that is fair enough but senior officers let it go,” he said.

Page also revealed that members of the royal household instilled a class culture and royal protection officers were treated as a “necessary evil” who were expected to turn a blind eye to crime at the palace.

“You are not police officers any more. For example instances of domestic abuse in the royal household where the servants live and sleep in the palace,” he said.

“Some have drink problems and fight. You are told not to get involved. There is a class culture within the palace.

“You are treated like dirt – that includes police officers on the gate.

“Some (members of the royal household) are very nice but the majority, they treat you like you are on a lower level,” he revealed.

He added that he believed money was “thrown at you” because the security level had to be kept up.

“I shouldn’t be saying what I am saying but it has to be done – I need you to understand the culture,” Page added at the court hearing. (ANI)

Recession caused drop in greenhouse gas emissions by half in 2008

London, June 27 (ANI): An analysis has revealed that the financial crisis may have been good for the climate, as high oil prices caused the growth of greenhouse gas emissions to drop by half in 2008.

According to a report in New Scientist, that is the conclusion of an analysis of preliminary data released yesterday by the Netherlands Environmental Assessment Agency (NEAA).

Emissions grew by 1.7 per cent in 2008, compared to 3.3 per cent in 2007.

The agency’s analysis suggests that this was mostly because fossil fuel consumption decreased globally for the first time since 1992.

The researchers say a growing switch to biofuels in the US, Europe and China, encouraged by national climate and energy policies, helped contribute to the trend.

Biofuels accounted for 2.5 per cent of global fuel consumption in road transport in 2008, representing a gross saving of over 100 million tonnes in CO2 emissions.

According to a recent report by the United Nations Environment Programme, 2008 was the first year new investments in renewable energies were greater than investments in fossil-fuelled technologies.

While cheaper oil and greater incentives to use renewable fuels played a key part in slowing emissions, the global financial crisis, which kicked off in the autumn of 2008, also played a role by restricting industrial activity.

In particular, the high-energy steel production industry was hard hit. “Finally, the European emissions trading market demonstrated it could be effective in limiting emissions despite the criticism it has received,” said Oliver.

“The scheme managed to get domestic CO2 emissions from large industries down by 3 per cent,” he told New Scientist.

The data, from oil giant BP, also show that for the first time developing nations were responsible for pumping more greenhouse gases into the atmosphere than developed nations and international transport combined.

According to Oliver, none of this means governments can sit back and relax.

Oil prices dropped at the end of the year, but are slowly climbing again, and no one knows how long the financial downturn will last.

“Governments would be wise to maintain their support for reducing fossil fuel use with energy conservation measures and by expanding renewable energy use,” said Olivier. (ANI)

Judicial remand of Satyam accused extended till July 8

Hyderabad, June 24(ANI): Judicial remand of the Satyam Computer accused, including its founder B Ramalinga Raju, was extended by a local court on Wednesday by 14 days to July 8.

The accused were produced before the XIV additional chief metropolitan magistrate, who extended the judicial remand of Ramalinga Raju and other accused for alleged involvement in the multi-crore financial fraud.

The accused in the case in jail are Ramalinga Raju, his brother Rama Raju, Satyam’s former Chief Financial Officer Vadlamani Srinivas, former auditors of PriceWater Cooper G Gopalakrishnan and his deputy Talluri Srinivas and Satyam employees G Ramakrishna, D Venkatpathi Raju and Ch Srisailam.

Suryanarayana Raju, who is on anticipatory bail, was also produced in the court.

B Ramalinga Raju is currently held in Hyderabad’s Chanchalguda jail on criminal charges including fraud, forgery, cheating, embezzlement and insider trading. (ANI)

BSE crosses 140 points on opening trade

Mumbai June 22 (ANI): The Bombay Stock Exchange (BSE) benchmark sensex crossed over 140 points in opening trade, thanks to the capital inflows by foreign funds, and signals of stability from the other Asian markets.

Continuing its rising pace for the second consecutive session, the 30-share index, which was pitched at 256.36 points in the last session, collected another 140.40 points, to register 14,662.29 in opening trade.

The leading Asian markets like Hong Kong’s Hang Seng was up 2.25 percent, while Japan’s Nikkei rose 0.30 percent in morning trade.

According to experts, pick up in buying by foreign funds, sparked by firming trends in the Asian markets and covering-up of short positions by speculators mainly influenced the trading sentiments but this trend was confined to a few sectors only.

The shares of Reliance Communications were in good demand and traded 3.16 percent higher at Rs 314.80 amidst speculations of its strategic alliance with China mobile.

The Sensex also gained from the raise in the shares of Reliance Industries by 0.25 per cent at Rs 2,044.70, Reliance Infra 1 per cent at Rs 1,274.90, BHEL 1.79 per cent at Rs 2,128, Grasim Industries 1.38 per cent at Rs 335.10, L and T 2.81 per cent at Rs 1,538.15, Mahindra and Mahindra 1.04 per cent at Rs 745, ICICI Bank 2.36 per cent at Rs 730.60.

Following the trends of BSE the National Stock Exchange (NSE) index Nifty moved up 38.65 points to 4,352.25. (ANI)

Anand Sharma suggests global trade solutions to tackle recession

Washington, June 20 (ANI): Union Minister for Commerce and Industry Anand Sharma has called for fair global trade solutions in a bid to end global recession during his meeting with US Secretary of State Hillary Clinton and US Trade Representative Ron Kirk in Washington.

Sharma said India wants the World Trade Organization’s Doha trade talks to resume, as it is important for countries to cooperate and break down trade barriers amid current global economic downturn.

“We are very clear, my Prime Minister, that this Doha process which has been stalled since last year should be resumed and taken to its logical conclusion. It’s not a question of only expectation between two countries, we are talking of a multilateral, rule-based trading system, and it will be important to recall that this round is dedicated to development, that is the core of this process, to correct the infirmities of the structural flaws in the global trading regime as it is, to be replaced by a fair, rule-based trading system which is also taking on board the legitimate aspirations of developing countries, because the flawed system is heavily weighed against the developing countries,” Sharma said.

In July 2008, Doha round of talks collapsed when a dispute arose between Washington and emerging economies – spearheaded by India over proposals to help farmers in poor nations.

The Doha deal is estimated to be worth 150 billion dollars for the world economy and considered even more important now that the world faces its worst economic crisis in decades.

Sharma said India’s offer to host a G-20 summit would help define a roadmap to draw the WTO talks to a conclusion.

“No country, when you are talking about a global regime of multilateral negotiations, whether it’s A country or B country, can not say that my position is the best. There can not be perfect solutions, there can only be fair solutions,” he said.

Sharma added that trade relationship between India and the U.S. were healthy, and India would be willing to further open up its markets to U.S. business. (ANI)

With administration least concerned, foreign brothels flourishing in Islamabad

Islamabad, May 30 (ANI): Several brothels are being run in the capital city despite the media’s relentless efforts to report and stop these flesh centers from operating.

A number of brothels have mushroomed in many posh localities of the city, and it seems that the administration, despite having all information in this regard, has turned a blind eye towards it.

What is more shocking that these human flesh trading centers are being run by foreigners from Central Asian countries including Turkmenistan, Uzbekistan, Tajikistan, Kyrgyzystan, Azerbaijan, Turkey, Iran, China and Philippines, but even this has not attracted the attention of concerned authorities.

“The local police are involved in the trade, first they launch crackdowns against the brothels and force them to wind up. Later, the matter is settled through heavy bribes and culprits are allowed to operate from some other venue once the dust is settled,” The Nation reports.

However, officials said that they don’t have any substantial proof regarding the issue.

They said that nobody wanted to complain about this heinous activity, and even if some one lodges a complaint about it, they urge their names not to be disclosed.

“People lodge complaints against the brothels with the requests about their identity not to be disclosed and we can’t take action unless there is a witness,” police officials said.

It may be noted that the number of foreign brothels in Pakistan is increasing at an alarming of 20 percent per year due to the ever increasing global human trafficking. (ANI)

Chinese anger may help in imposing UN sanctions on North Korea

Beijing, May 28 (ANI): China’s leaders have shown sufficient anger over North Korea’s nuclear and missile tests this week, and now, U.S. officials hope Beijing’s sharp rhetoric will translate into support in the U.N. Security Council for new sanctions on North Korea.

The Chinese Foreign Ministry has admonished North Korea, saying it is “resolutely opposed” to the tests.

Official news reports have proclaimed that China is “shocked” by its neighbor’s defiance and that it “demands” an end to “any activity that might worsen the situation.”

Since North Korea conducted a second underground nuclear test on Monday and fired five short-range missiles into the waters off its east coast on Monday and Tuesday, academics at Chinese think tanks and other research centers affiliated with the Chinese government have begun to discuss publicly what had previously been unthinkable: cutting off food or fuel aid to North Korea and supporting other harsh sanctions at the United Nations.

North Korean leader Kim Jong Il has “gone too far,” said Zhang Liangui, a professor at the Institute of Strategy at the Central Party School in Beijing.

“The nuclear test conducted by North Korea offended the core interests of China,” Zhang said in an interview.

The United States has long sought help from China, North Korea’s largest trading partner, in pressuring North Korea’s reclusive leaders to give up their nuclear ambitions.

U.S. officials say they sense a different tone in China’s response this time. But China has not yet made clear what position it will take in the U.N. Security Council, where negotiations are underway on a possible resolution against North Korea.

“The Chinese are deeply exasperated, but we have to see what they are prepared to do,” an Obama administration official said. (ANI)