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Mumbai Bomb Blasts

nariman

Exchange of fire intensified at Nariman House, a residential complex with a Jewish prayer hall, where also a hostage situation was prevailing. There were unconfirmed reports of a similar situation in Cama hospital. Window panes on third and fifth floor shattered.

Chief Minister Vilasrao Deshmukh said the situation was “grave”. He remarked that the terrorists could have come by boats.

One terrorist holed up inside Nariman House in south Mumbai killed, says police. Six more ultras suspected to be inside the building.

Three hostages have been able to escape till now. Few people including some elderly people and children evacuated from the neighbouring building of Nariman House.

Maharashtra deputy chief minister R R Patil said nine suspected terrorists have been detained.

Five police officers, including Anti Terrorism Squad chief Hemant Karkare, were killed in the terror strikes that in all claimed the lives of at least 11 police personnel.

The motive for the onslaught was not immediately clear, but Mumbai has frequently been targeted in terrorist attacks blamed on Islamic extremists, including a series of bombings in July 2007 that killed 187 people.

Media reports said a previously unknown group calling itself the Deccan Mujahideen had claimed responsibility for the attacks in e-mails to several media outlets.

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November 27, 2008 Posted by | Uncategorized | , , , , , | Leave a comment

Cut in fuel prices after elections

With the international crude price hovering around $50 a barrel, the Centre would consider a cut in fuel prices once the Assembly elections under way in six States were over, Petroleum and Natural Gas Minister Murli Deora said on Tuesday.“The prices of crude have fallen from an all-time high of $147 a barrel to around $50. People have expectations that petrol and diesel prices will be reduced now. “We have to reduce prices and we will consider it only after the Assembly elections are over,” Mr. Deora told journalists at the ‘India-CIS roundtable on hydrocarbons’ here. Declining to comment on the quantum of the cut, Mr. Deora said it would depend on the prevailing prices of crude.Petroleum Secretary R.S. Pandey said the Ministry would send a proposal for price cuts and related subsidy issues to the Cabinet next month. Though the margins on petrol and diesel turned positive, oil marketing companies (OMCs) were still losing money on domestic LPG and kerosene, he pointed out.“Three major OMCs suffered a net loss of over Rs.14,000 crore in the first-half of the current fiscal. As per our calculations, the companies will end the fiscal with a revenue loss on fuel sales of Rs.1.1-lakh crore,” Mr. Sharma said.

November 26, 2008 Posted by | politics | , , , | Leave a comment

Manmohan upset with DMK ministers in UPA

manmohan The Congress-led United Progressive Alliance Government is not only under attack from the opposition but some of its ministers too are not enjoying the full faith of Prime Minister Manmohan Singh.
Prime Minister is very upset with two Dravida Munnetra Kazhagam(DMK) nominees – Minister of Communications and Information Technology A Raja and Union Minister of Shipping, Road Transport & Highways TR Baalu.Raja has been nicknamed the spectrum scam man by the opposition while Baalu is facing flak for not doing enough to build more roads.But now the opposition’s charge has got more teeth.However, Raja says that there is no corruption in the allocation of spectrum.
Karuna defends Raja on spectrum allocation issue
“The entire allocation process is transparent. The Allocation caused no loss to exchequer and the entire process is in line with 2001 guidelines,” Raja claims.The sale of spectrum bands was meant to have generated a windfall for the government.However, from the Leader of Opposition to Prime Minister’s own new-found friends the Samajwadi Party; everyone is having a go at Raja.”A representative of the cartel met me and through me they wanted to meet Mulayam Singh (SP chief). They wanted to pay an obscene amount of money for our silence,” Amar Singh General Secretary said.
In times of global recession, the Prime Minister wants his key infrastructure related ministries to pull up their socks. But the state of affairs in Baalu’s Surface Transport Ministry is very bad.Manmohan Singh is upset with the National Highway Development Authority for having failed to make the desired level of progress. Even as public sector undertakings are willing to spend but the projects under the ministry are just not taking shape.There are many allegations of corruption against the minister including those of Baalu’s family benefiting from dredging contracts for Sethusamudram and the use of his office for gas allocations for his sons firm which have embarrassed the Prime Minister.
Sources also say that the Prime Minister is keen on going for elections earlier if the current round of Assembly elections throws up a favourable response.As a man who has made enormous capital out of his clean image, corruption amongst key ministries is something that he would want to address at the earliest.

November 26, 2008 Posted by | politics | , , , , , , | Leave a comment

India aims for manned Space Mission

Manned Space Mission

India is aiming to send a manned mission into the space after the success of its first unmanned mission to the moon, Indian Space Research Organisation (ISRO) chairmain G. Madhavan Nair said on Sunday.
“The (manned) moon mission is a tough task and to achieve that our first task is to send an Indian astronaut on a manned mission to space, who will orbit the earth and return. For this, the sanction of the government has to come. We plan to achieve this by 2015,” Nair said at a reception accorded to him during his first visit to his home town since the successful launch of the Chandrayaan-1.

“The next moon mission by the US and China is fixed for 2020 and our target is that we also should be ready by then,” Nair added.”To achieve that, the space mission would provide the necessary boost. Another thing that is being planned is Aditya, a mission to study the solar system from the earth’s orbit,” said Nair.

November 24, 2008 Posted by | news | , , , , , , | Leave a comment

Airman’s wife raped at Army Hospital near Chandigarh

An airman’s wife was raped at the Command Hospital Chandimandir Cantonment of Army’s Western Command near Chandigarh on Friday.

A case was registered on Saturday.
Panchkula Suprintendent of Police Sandeep Khirwar confirmed that a criminal case has been registered.
“Criminal case under Sections 376, 506, 294, 354 of IPC has been registered against the accused. She has been medically examined. But no one has been named so far. Army has given positive response and helped with investigation,” Sandeep Khirwar said.”Preliminary tests have been done and the tests by forensic labs are still to come in,” he added.The victim, who had gone for physiotherapy, was allegedly dragged to an empty room near the Neurological Ward and raped by the duo.The lady reportedly told police that a third person was filming the entire incident. After raping the woman, all the three threatened her and asked her not to disclose the incident else they would circulate the video clip.Police sources, however, say that they have not arrested the accused as all are from the armed forced and police will have to liaison with the defence authorities.Army officials have extended support to the police saying they will cooperate in the investigations.The medical examination of the victim has been done and the report is awaited.

November 24, 2008 Posted by | news | , , , , , | Leave a comment

India – England Watch it here!!

who will be the winner of HeRo HonDa Cup

Fixtures :

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Match Updates:

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Live Scoreboard:

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Live match:

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November 24, 2008 Posted by | sports | , , , , , , , , , , | Leave a comment

Ghajini songs download

ghajini

SONGS download>>

November 24, 2008 Posted by | cinema | , , , , , , | Leave a comment

Thai Parliament postpones meeting amid protests

hailand’s Parliament has postponed a joint session of Parliament as thousands of anti-government protesters surrounded the building in a bid to unseat the administration. Meanwhile, two small blasts went off near the office of protest leader.

Samart Kaewmeechai, the deputy house speaker, said the Monday meeting was cancelled because members of Parliament could not access the building.

Thousands of protesters from the People’s Alliance for Democracy marched to Parliament at sunrise in a rally billed as their final bid to oust the government. Protesters have been camped at the prime minister’s office compound for three months.

Protesters blocked the gates to Parliament and tried to prevent lawmakers from entering and cut electrical wires outside the building to create a blackout ahead of the session scheduled for 9:30 a.m. (0230 GMT). Many demonstrators carried masks and swimming goggles to protect against tear gas, which police have said they would use as a last resort to maintain order.

The demonstrators initially called the protest to blon Sricarak. “We have been attacked, our friends have died, and all because they want to protect Thaksin.”

Two small explosions went off before dawn Monday near the offices of a key protest leader, said police Sgt. Theerapong Rakjit. Nobody was injured and no one claimed responsibility for the blasts.

The last time the group marched on Parliament, police efforts to disperse them resulted in running street battles. Two people were killed in the Oct. 7 violence and hundreds injured.

November 24, 2008 Posted by | politics | , , , | Leave a comment

Pontings praise for pace spearhead Ishant

75356861TS016_England_Lions

Ponting in his Captains diary has written his team could have won the crucial third test at perth but for an awesome spell by Indian pacer Ishant Sharma.The young lad playing his fourth test,had bowled an awesome spell to me:seven overs when he was fast,aggressive and relentless,where I never felt as if I was truly ‘in’.

November 22, 2008 Posted by | Uncategorized | , , , , , , , , | Leave a comment

Clinton accepts Obama’s offer

Hilary

Hillary Clinton has decided to accept the post of Secretary of State in the incoming Obama administration, a media report said today, raising prospects of former Democratic rivals joining hands to guide the US foreign policy amid steep challenges at home and abroad.

Clinton came to her decision after additional discussions with President-elect Barack Obama about the nature of her role and his plans for foreign policy, one of her confidants was quoted as saying by ‘New York Times’.

The former first lady, who was defeated by Obama for the Democratic Presidential nomination in a neck-and-neck battle, has decided to give up her Senate seat and accept the powerful post of Secretary of State, the report said.

However, her spokesman, Philippe Reines, issued a statement yesterday cautioning that the nomination was not final. “We’re still in discussions, which are very much on track,” Reines said. “Any reports beyond that are premature” Obama’s office also told reporters earlier that the nomination is “on track”, but this is the first word from the Clinton camp that she has decided, the paper noted.

“She’s ready,” the confidant told the paper, adding that Clinton was reassured after talking again with Obama because their first meeting in Chicago last week “was so general.”

The purpose of the follow-up talk, he said, was not to extract particular concessions but “just getting comfortable” with the idea of working together. A second Clinton associate, the Times said, confirmed that her camp believes they have a done deal.

Senior Obama advisers told the paper that the offer had not been formally accepted and no announcement would be made until after the US Thanksgiving Day which is on November 27. But they said they were convinced that the nascent alliance was ready to be sealed.

Obama has stepped up efforts to assemble his future team as he geared up to tackle challenges like the worsening domestic economy and its global impact as well as the ongoing US wars in Iraq and Afghanistan.

The decision to offer the second most powerful job in the administration to the 61-year-old Hillary Clinton followed days of intense vetting and negotiations intended to clear any potential obstacles to her taking the job due to her husband Bill Clinton’s global business and philanthropic activities.

Lawyers for Obama and former President Bill Clinton combed through his finances and drew up a set of guidelines for his future activities intended to avoid any appearances of conflict of interest should she take the job, the Times said.

Citing people close to the vetting, the paper said Bill Clinton turned over the names of 208,000 donors to his foundation and library and agreed to all of the conditions requested by Obama’s transition team, including restrictions on his future paid speeches and role at his international foundation.

Driving Hillary Clinton’s deliberations in part, friends told the paper, was a sense of disenchantment with the Senate, where despite her stature she remained low in the ranks of seniority that governs the body.

She was particularly upset, they said, at the reception she felt she received when she returned from the campaign trail and sought a more significant leadership role in the expanding Democratic majority.

November 22, 2008 Posted by | politics | , , , , , , , | Leave a comment

Champions league twenty20 2008 Schedule

twenty-20

FIXTURES

Wed 3
16:00 local, 10:30 GMT Group A – Middlesex v Victoria
Brabourne Stadium, Mumbai

Wed 3
20:00 local, 14:30 GMT Group B – Dolphins v Rajasthan Royals
M Chinnaswamy Stadium, Bangalore

Thu 4
16:00 local, 10:30 GMT Group B – Sialkot Stallions v Western Australia
M Chinnaswamy Stadium, Bangalore

Thu 4
20:00 local, 14:30 GMT Group A – Chennai Super Kings v Victoria
Brabourne Stadium, Mumbai

Fri 5
16:00 local, 10:30 GMT Group A – Middlesex v Titans
MA Chidambaram Stadium, Chepauk, Chennai

Fri 5
20:00 local, 14:30 GMT Group B – Rajasthan Royals v Sialkot Stallions
Brabourne Stadium, Mumbai

Sat 6
12:00 local, 06:30 GMT Group B – Dolphins v Western Australia
M Chinnaswamy Stadium, Bangalore

Sat 6
16:00 local, 10:30 GMT Group A – Titans v Victoria
MA Chidambaram Stadium, Chepauk, Chennai

Sat 6
20:00 local, 14:30 GMT Group A – Chennai Super Kings v Middlesex
MA Chidambaram Stadium, Chepauk, Chennai

Sun 7
12:00 local, 06:30 GMT Group B – Dolphins v Sialkot Stallions
M Chinnaswamy Stadium, Bangalore

Sun 7
16:00 local, 10:30 GMT Group B – Rajasthan Royals v Western Australia
MA Chidambaram Stadium, Chepauk, Chennai

Sun 7
20:00 local, 14:30 GMT Group A – Chennai Super Kings v Titans
MA Chidambaram Stadium, Chepauk, Chennai

Mon 8
20:00 local, 14:30 GMT 1st Semi-Final – TBC v TBC
M Chinnaswamy Stadium, Bangalore
Group B winners v Group A runners-up

Tue 9
20:00 local, 14:30 GMT 2nd Semi-Final – TBC v TBC
MA Chidambaram Stadium, Chepauk, Chennai
Group A winners v Group B runners-up

Wed 10
20:00 local, 14:30 GMT Final – TBC v TBC
MA Chidambaram Stadium, Chepauk, Chennai

Squad details

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November 22, 2008 Posted by | Uncategorized | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

India Inc shifts to selective recruitment

Selective hiring and moderation of unreasonable expectations in the salary is the new mantra among HR professionals. Companies such as Tata Capital and Hinduja Group have reworked their hiring plans.Tata Capital Ltd, a wholly-owned subsidiary of Tata Sons, which recently hired Harshawardhan Sabale as Co-head for its PE Growth Fund has restructured its hiring plans and is now hiring currently for critical positions.

Amar Sinhji, head (human resources), Tata Capital Ltd told FE, “Right now we are not doing mass hiring but are looking at filling critical positions only. But will also be hiring about 30-40 graduates at the junior level and post graduates from premier management institutes as well.”

Similarly, Hinduja Group continues to hire for its new initiatives but becomes selective. Also there has been no revision or cut in the compensation however the unreasonable hike of 50%-80% has now been moderated,” said Sudhanshu Tripathi, group president, Hinduja Group.

Experts believe that salaries are now rationalised and justified compared to the extraordinary increase earlier. Salary of a CEO in the financial service sector is the highest and ranges anywhere between Rs 1.5 – 3 crore. A CEO in IT, telecom and insurance draws anywhere is between Rs 1-2 crore. In the media and entertainment the salary is between Rs 1.5 to 2.75 crore and in the pharma sector it is in the range of Rs 75 lakh to Rs 1.5 crore. However, the manufacturing sector is the lowest payer with the CEO’s salary in this sector ranging from Rs 40-80 lakh only. In the retail sector CEO of Indian retail company gets paid in the range of Rs 80 lakh to Rs 1.2 crore and an MNC retail company CEO gets paid up Rs 2 crore, say experts.

November 22, 2008 Posted by | Uncategorized | , , , , , , , | Leave a comment

Viswanathan Anand in Chennai

va

Viswanathan Anand’s victorious return to his hometown was almost an exercise in vain for the association that organised his welcome at the airport late on Thursday night.

The chess champion, who emerged from the arrival lounge to a rousing salute stirred up by a local school band, appeared to be caught on ‘Ground Zero’ of a crowd explosion and was soon drowned in hordes of hangers-on wanting to catch a glimpse of him.

“I still have not shaken hands with Anand because there were so many people surrounding him,” said Tamil Nadu State Chess Association general secretary K. Muralimohan.

Massive turnout

Denied access to Vishy by the swarms of media and security personnel that trapped him in an impenetrable cordon seconds after his arrival, Mr. Muralimohan said he had not anticipated such a large turnout considering the late hour of the flight.

“I don’t think there was any mismanagement, but this kind of reception is unprecedented,” he added.

Appearing a shade wary of the persistent jostling and several cameras that were thrust unceremoniously in his face, Anand said he was “more relieved than happy”, before the police managed to whisk him away from the prying gaze of lens and man.

India’s first International Master, Manuel Aaron, who was unable to sight Anand even momentarily, said his airport visit had been “worth nothing”.

“I couldn’t even spot him once and I certainly did not want to make my way into the crowd.

“It would be a better idea to organise a welcome party at a hotel instead of the airport where things can take a messy turn,” Aaron said.

Earlier, the scene, by and large, resembled a quasi-social occasion.

Festive atmosphere

Sweets exchanged hands, as did banners and bottles of beverage, as hundreds of students braved humidity and hunger and waited for their hero to come out.

“We were here by 10 p.m. to rehearse. It’s all right, we don’t mind doing it because Anand deserves all the accolades for his achievement,” said a cymbals-brandishing member of the Velammal High School band.

While sizable numbers indicated a rapidly growing popularity of the sport, the query of an excitable, cheering group of young men to a TV crew engaged in interviewing Aruna Anand imbued the proceedings with an alternative perspective.

“Excuse me,” asked one of the group, “but what is the name of the movie star who is being mobbed.”

November 22, 2008 Posted by | sports | , , , , , | Leave a comment

Yuvraaj review

Yuvraaj Photo Gallery

Yuvraaj is a musical that revolves around a family based in Europe with Salman and Katrina in the lead roles.

Salmaan and Katrina are back to sizzle the screen. Subhash Gai‘s YUVRAAJ have Salman and Katrina in a rare role that never happened on screen before.”The Salman Katrina magic is all set to cast its spell on the audience,” said a source close to the couple. David Dhawan  was the first to pair Salman and Katrina together. MAINE PYAR KYUN KIYA rocked the boxoffice. Sallu and Kat’s ‘Just Chill’ number turned a rage.PARTNER created history even though Salman and Kats were not paired together in the film.

Subhash Ghai, whose YUVVRAAJ is expected to hit the theatres soon, felt that Salman and Katrina as a pair rock. “They are lucky for each other,” the source said. “For Ghai it is the first time they are paired opposite each other and the chemistry between the two is super sizzling. They look so good together.

November 21, 2008 Posted by | cinema | , , , , , , , , , , , , | Leave a comment

PhotoGallery

yuvraaj-2008-33b-1_1226569536

yuvraaj-2008-34b-1_1226569541yuvraaj-2008-36b-1_1226569551yuvraaj-2008-21b-1_1226569470

yuvraaj-2008-1b-1_1204991058

November 21, 2008 Posted by | photos | , , , , , , , , , , | Leave a comment

Ghajini songs Download

Download Ghajini songs for free in all formats ….The film is Directed by Muragadoss….with Aamir kahn in the lead and Asin with Jiah khan.Enjoy the music and have fun…

Songs download

mp3

rm

gpp

divx

Other formats

November 21, 2008 Posted by | music | , , , , , , , , , , | Leave a comment

Richest Indians

Rank

Name

Net Worth ($Million)

Age

City

1

Mukesh Ambani

20,800

51

Mumbai

2

Lakshmi Mittal

20,500

58

London

3

Anil Ambani

12,500

49

Mumbai

4

Sunil Mittal

7,900

51

Delhi

5

Kushal Pal Singh

7,800

77

Delhi

6

Shashi & Ravi Ruia

7,600

64

Mumbai

7

Azim Premji

7,000

63

Bangalore

8

Kumar Birla

5,000

41

Mumbai

9

Adi Godrej

4,000

66

Mumbai

10

Gautam Adani

3,900

46

Ahmedabad

11

Dilip Shanghvi

3,100

53

Mumbai

12

Savitri Jindal

2,900

59

Delhi & Hisar

13

Malvinder & Shivinder Singh

2,800

36

Delhi

14

Anil Agarwal

2,400

55

London

15

Shiv Nadar

2,200

63

Delhi

16

Micky Jagtiani

2,000

57

Dubai

17

Indu Jain

1,800

72

Delhi

18

Cyrus Poonawalla

1,600

67

Pune

19

Uday Kotak

1,550

49

Mumbai

20

Chandru Raheja

1,500

68

Mumbai
21
G.M. Rao

1,470

58

Bangalore

22

Vivek Burman

1,300

71

Delhi

23

Anurag Dikshit

1,250

36

Gibraltar

24

Kalanithi Maran

1,200

43

Chennai

25

Venugopal Dhoot

1,100

57

Mumbai

26

Yusuf Hamied

1,060

72

London & Mumbai

27

Ramesh Chandra

1,000

69

Delhi

28

Subhash Chandra

970

58

Mumbai

29

N.R. Narayana Murthy

965

62

Bangalore

30

Rajan Raheja

950

54

Mumbai

31

Brijmohan Lall Munjal

940

85

Delhi

32

Baba Kalyani

935

59

Pune

33

Tulsi Tanti

930

50

Pune

34

Jaiprakash Gaur

890

77

Delhi

35

Niranjan Hiranandani

885

58

Mumbai

36

Murali Divi

870

57

Hyderabad

37

Hemant Shah

830

55

Mumbai

38

Gracias Saldanha

825

70

Mumbai

39

Anand Jain

810

51

Mumbai

40

Rahul Bajaj

760

70

Pune

November 21, 2008 Posted by | Uncategorized | , , , , | Leave a comment

Volkswagen wins d green car of the year

volkswagenVolkswagen AG’s Jetta TDI, won the “Green Car of the Year” award at the Los Angeles auto show on Thursday, the first time a diesel-powered car has taken the industry’s top environmental honor.”This signals that clean diesel has arrived,” said Ron Cogan, editor of Green Car Journal, the trade magazine that awards the prize.Diesel, however, costs almost $1 more per gallon than gasoline in some parts of the United States.Diesel, a conventional combustion approach long favored by Europeans, has been making inroads into the U.S. market as a here-and-now option to make engines run more economically and pollute less.

The use of diesel for passenger cars had long been stalled in the United States because of unacceptably high tailpipe emissions, but advanced technology has allowed so-called clean diesel vehicles to filter out more pollutants and for the first time meet smog pollution laws in all states.

Diesel engines have also suffered an image problem in the U.S. market due to an association with the underpowered versions sold in the 1970s. The technology has been largely limited to large trucks in the United States, even though it is a perennial top seller among passenger cars in Europe.

Volkswagen’s U.S. chief, Stefan Jacoby, said diesels have emerged as an alternative to hybrids such as Toyota Motor Corp’s popular Prius.

“It’s a breakthrough in this country,” Jacoby said. “I don’t want to say it’s better than other technologies, but it’s a real alternative to hybrids. It brings fuel consumption down, it’s environmentally friendly, and — this is a difference with a Prius — this is really fun to drive.”

Volkswagen’s five-passenger Jetta TDI, which boasts a fuel efficiency of 41 miles per gallon, starts at $21,990, compared with $17,340 for a traditional Jetta.

The Jetta TDI beat out finalists including BMW’s 335d diesel sport sedan, Ford Motor Co’s Fusion Hybrid passenger sedan, General Motors Corp’s crossover Saturn Vue 2 Mode Hybrid, and the smart fortwo mini car.

“This is the vehicle that stood out among all of the five finalists as the one that really exhibited the greatest environmental achievement,” Cogan said. “You get 30 percent better fuel efficiency, on average, with a diesel, and a commensurate reduction in greenhouse gases.”So far the Jetta TDI, which went on sale in August, has sold out, said Jacoby. “The Jetta TDI and Sportswagen don’t see recession,” he said.Jacoby said diesels could represent up to 30 percent of sales for Volkswagen models like the Jetta, on which diesel is an option. That would mean a sales target of 30,000 to 35,000 Jetta TDI per year in the United States.The panel of judges that awarded the “Green Car of the Year” prize included famed car designer Carroll Shelby, late-night talk show host Jay Leno and representatives from environmental groups the Sierra Club and the Natural Resources Defense Council, among others.

November 21, 2008 Posted by | global | , , , , , | Leave a comment

Oil drops $49 a barrel

Asian stock markets dropped to a five-year low on Friday, tracking US stocks that hit their lowest in a decade the previous session as the fate of the country’s major car makers continued to hang in the balance.

Oil tumbled to a three-and-a-half year low below $49 a barrel on Friday, nearing a $100 drop from its July record high, as more distress for the global economy threatened to eat further into demand for fuels.

“The economy is pulling everything down like a black hole,” said Anthony Nunan, risk management executive at Tokyo-based Mitsubishi Corp. “Until the economy stabilises, it will be hard for oil to put in a bottom.”US light crude for January delivery fell $1.02 to $48.40 a barrel at 0209 GMT, its sixth straight session of falls and a 14 per cent drop for this week alone, heading for the largest weekly fall since early October. London Brent crude shed 68 cents to $47.40 a barrel.

Oil has lost two thirds of its value in just under four months since peaking above $147 in July, and is just above the lowest since May 2005 hit on Thursday.Reflecting the sharp reversal in oil’s fortunes, Goldman Sachs, which in May had been talking of a $200 a barrel superspike, on Thursday again cut its 2009 forecast for US crude oil to $80 a barrel from $86.As demand tumbles, oil companies plan to store millions of barrels of crude in the hope economics will improve. Shipping brokers said US oil trader Koch and Royal Dutch Shell had booked supertankers capable of storing 10 million barrels of crude, more than top exporter Saudi Arabia produces in a day.

The further falls in oil prices brought more Organization of the Petroleum Exporting Countries members out in support of further output cuts. Libya’s top oil official said the cartel may decide to reduce supply further at its informal meeting in Cairo next week if it finds members have implemented a previous decision to lower output.The comments followed remarks from other OPEC members, including Kuwait, Iran and Venezuela, raising the possibility of a further cut in supply to prop up oil prices.

OPEC agreed in October to cut output by 1.5 million barrels per day, about 5 per cent, from Nov. 1, but the move has failed to stem the decline in oil prices.

November 21, 2008 Posted by | global | , , , , | Leave a comment

Gavaskar writhes as Pointing writes

punter

Sunil Gavaskar has dimissed Australian cricketer Ricky Ponting’s outburst against him as an attempt by the Aussie skipper to divert attention from their performance in the recently concluded Test series in India.

“Ponting and Cricket Australia were still in denial of their on-field behaviour,” Gavaskar .The former India captain said Ponting was seven years old when the MCG incident happened and that he did not know the background of the incident.

Ponting had lashed out at Gavaskar in his Captain’s Diary 2008.

“I still have a vivid image of Sunil Gavaskar angrily trying to take his opening partner off the MCG with him in 1981 when he was given out lbw in a Test match, but to hear him today you’d think he was positively angelic when he was the best opening batsman in the world,” he wrote.

Ponting said he was disappointed by the hypocrisy of former cricketers who never kept the standards in their hey-days but were demanding the same from his team.

Ponting also took a dig at former Indian captain Anil Kumble, saying his comment ‘only one team was playing within the spirit of the game’ after the Sydney Test was borrowed from a former Australian skipper Bill Woodful.

November 21, 2008 Posted by | cricket | , , , , , , , , , | Leave a comment