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Live: Sebi to define 'front-running' soon, says Sinha

Source : SIFY
Last Updated: Sun, Nov 25, 2012 10:54 hrs

4.24 pm

Sebi to define 'front-running' soon: Sinha

Market watchdog Sebi has said it will review the regulations regarding fraudulent and unfair trade practices as the present rules need to clearly define 'front-running'.

The comment follows a recent case on the issue where the tribunal, SAT, set aside a Sebi order.



3.15 pm

Visas for Pak cricket lovers on production of return tickets

The Government may issue a multi-city visa to Pakistani cricket lovers planning to witness the forthcoming cricket series beginning December 25 if they provide tickets of the matches and return ticket besides having an Indian sponsor.

A committee formed within the Union Home Ministry has suggested that tickets to the venue and the return tickets would ensure regulating the visiting Pakistani cricket lovers, official sources said.



2.30 pm

Muharram: Security heightened in parts of Srinagar

Curfew-like restrictions were imposed in parts of Srinagar city today to prevent Shia mourners from taking out Muharram processions following apprehension that separatists might convert the religious gathering into political assembly.

Strict prohibitory orders under Section 144 of CrPC were imposed in the areas around Lal Chowk, Abi Guzar, Regal Chowk and some parts of the downtown area of Srinagar, officials said.

Shops, offices and business establishments remained shut while traffic remained suspended around Lal Chowk and few adjacent areas.

The restrictions in these areas were imposed due to apprehensions that separatist groups might attempt to stage anti-national protests during the 10th Muharram processions today, they said.

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2.00 pm

Seven suicides reported in Bhopal over last 2 days

Seven persons including an engineering student committed suicide in separate incidents in the last 48 hours here, police said today.

A businessman, Ashok Bhadoria from Indore, ended his life by consuming poisonous pills at his brother-in-law's house at Sanchi Complex in the city on Friday.

Bhadoria had reportedly suffered losses in his borewell business, police said.



1.30 pm

Ponty case: Police recovers pistol from Namdhari's home

In a breakthrough in the on-going probe into Ponty Chadha murder case, the Delhi Police today recovered a pistol allegedly used during the farmhouse shootout from sacked Uttarakhand Minority Commission Chairman Sukhbir Singh Namdhari's residence in Uttarakhand's Bajpur town.

The Delhi Police team arrived at Namdhari's Bajpur residence this morning and recovered the 7.62 mm pistol of Indian make from there, Bajpur Circle Officer G C Panta said.



12.30 pm

112 killed in fire at Bangladesh garment factory

At least 112 people were killed in a fire that raced through a multi-story garment factory just outside of Bangladesh's capital, an official said Sunday.

The blaze broke out at the seven-story factory operated by Tazreen Fashions late Saturday. By Sunday morning, firefighters had recovered 100 bodies, fire department Operations Director Maj. Mohammad Mahbub told The Associated Press.

He said another 12 people who had suffered injuries after jumping from the building to escape the fire later died at hospitals. The death toll could rise as the search for victims was continuing, he said.

Local media reported that up to 124 people were killed in the fire. The cause of the blaze was not immediately clear, and authorities have ordered an investigation.

Bangladesh has some 4,000 garment factories, many without proper safety measures. The country annually earns about $20 billion from exports of garment products, mainly to the United States and Europe.



12.00 pm

Rajasthan community to incentivise birth of girl child

In a bid to reduce the high incidence of female foeticide and infanticide in Rajasthan, a local community has decided to open a bank account for every newborn girl and put Rs.5,000 in it as fixed deposit.

The decision will be implemented among hundreds of families of the Ghanchi community in Jodhpur city, some 350 km from state capital Jaipur.

The move aims to ease the financial burden on families at the time of the girl's marriage when the money could be used, community leaders said.

"Cases of female foeticide and infanticide are quite rampant in the area. The major reason behind the evil practice is that the families think girls cause financial burden till marriage," said Rajendra Bhati, general secretary of Ghanchi Mahasabha.

He said the money would be collected through donations and non−government organisations.

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11.00 am

A day after the Delhi Police claimed that liquor baron Ponty Chadha's aide Sukhdev Singh Namdhari admitted to shooting at Mr Chadha's brother Hardeep, they have today recovered a gun that was used in the shootout from Mr Namdhari's farmhouse in Bazpur, Uttarakhand.


10.30 am

'Gangnam Style' most watched YouTube video ever

South Korean rapper PSY's "Gangnam Style" has become YouTube's most viewed video of all time.

YouTube says in a posting on its Trends blog that "Gangnam Style" had been viewed 805 million times as of Saturday afternoon, surpassing Justin Bieber's "Baby," which has had 803 million views.

The blog says the "velocity of popularity for PSY's outlandish video is unprecedented."

PSY's video featuring his horse-riding dance was posted on YouTube in July, while "Baby" was uploaded in February 2010.

PSY's video has become a global sensation, with many people around the world mimicking his "Gangnam Style" dance. In their October meeting, U.N. Secretary-General Ban Ki-moon, a South Korean, joked that he had to relinquish his title as "the most famous Korean," and tried a few of PSY's dance moves.


10.00 am

Egypt judges call for nationwide strike over Mursi decree

It seems that Egypt is still reeling under the effect of revolution. The Egyptian judges and prosecutors have called for a nationwide strike to protest against President Mohammed Mursi's decree that grants him ‘extensive’ powers. 

The new constitutional declaration is "an unprecedented attack on the independence of the judiciary and its rulings," the Supreme Judicial Council said in a statement. 

It led to the tensions in the country and courts went on strike and tear gas was fired to disperse protesters. 

The presidential decree issued on Thursday brought pro-democracy protesters back to Cairo's Tahrir Square as unrest spread to all corners of Egypt over Mursi's attempts to assume what many see as absolute and pharaoh-like powers. 

Egypt's highest judicial authority criticised the decree that makes Mursi's decisions immune to judicial oversight. 


9.30 am

BJP dismisses Jethmalani's defence of govt. on Ranjit Sinha's appointment as CBI chief

Bharatiya Janata Party (BJP) spokesman Shahnawaz Hussain has said that the party has distanced itself from the remarks of its lawmaker Ram Jethmalani praising Prime Minister Manmohan Singh for his action to appoint Ranjit Sinha as the next director of the Central Bureau of Investigation (CBI) and his criticism towards the party.

"The Bharatiya Janata Party dismisses his (Ram Jethmalani) remarks and also condemn them. We would also like to say that his remarks are baseless, without facts and would help the Congress party," said Hussain.

The appointment of Ranjit Sinha, a 1974 batch Indian Police Service (IPS) officer as the successor to Amar Pratap Singh, who will retire on November 30, has come under fire from the BJP, which has alleged that the decision was taken in a hurry.

BJP leaders, Arun Jaitley and Sushma Swaraj, had written letters to the prime minister, saying that the appointment of the new CBI director should not have been done when the Select Committee of the parliament's lower house had recommended that such appointments should be done through a collegium.

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9.00 am

Jethmalani slams BJP for attack on new CBI director

Rajya Sabha MP Ram Jethmalani on Saturday attacked BJP for criticizing the appointment of new CBI director and said the government's decision has "averted national calamity". 

A day after leaders of Opposition in Parliament Sushma Swaraj and Arun Jaitley wrote a strongly-worded letter to PM Manmohan Singh demanding that the decision regarding the appointment of Ranjit Sinha as CBI director be "kept in abeyance", he alleged that BJP's criticism of the government was "instigated" by the "most undesirable rival" of Sinha. 


8.30 am

'Pharaoh' Morsi decree: Tension mounts in Egypt

Tensions flared up on Saturday in Egypt over sweeping powers assumed by President Muhammed Morsi, with anti-riot police firing tear gas to disperse protesters as the judiciary slammed the decree as an “unprecedented attack”.

Egypt’s highest judicial authority criticised the decree by Morsi that makes his decisions immune from judicial oversight. The new constitutional declaration is “an unprecedented attack on the independence of the judiciary and its rulings,” the Supreme Judicial Council said in a statement.

A group of opposition activists spent the night in the iconic Tahrir Square, erecting some 30 tents. But when more demonstrators attempted to join them this morning, police fired tear gas canisters, forcing them to retreat.

Nearly two years after popular unrest spurred former Egyptian President Hosni Mubarak’s fall, people have taken to Egypt’s streets in past days to call for revolution again, this time for the ouster of “new pharaoh” Mursi.

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