The Telugu film industry get together for a grand wedding.
Special audit report conducted by the PricewaterhouseCoopers on Multi Commodity Exchange has met with another opposition. Earlier FTIL, the promoter of MCX had opposed its contents and now Venkat Chary who is FTIL's non-executive chairman has sent a notice to PwC. PwC report submitted to the FMC in last April mentioned the names of Key Management Personnel of MCX and the name of Venkat Chary was mentioned in that list. Chary was Chairman, MCX, during that period. Chary who had in past also served as Chairman of FMC objected to the PwC mentioning his name as the key management personal of MCX. He wrote to the audit firm saying that he was FMC-nominated Non-executive Independent Director and Chairman on the Board of Directors of MCX till July 13 when he resigned following revised FMC guidelines which laid down 70 years as the maximum age for Chairman/Director. Chary sighted provisions of Companies act and Section 2(51) of the Companies Act, which defines " key managerial personnel" in relation to a company include CEO or MD, whole time director, CFO, company secretary and other officer as prescribed. "As non-executive independent director and Chairman nominated/approved by the FMC, I did not fall within any of the above categories," said Chary and hence blamed PWC for not showing due diligence in your special Report to the FMC. Chary has sent a notice to PWC asking it to take immediate steps to rectify this error. Since PwC Report was placed in the public domain, "it has caused serious damages to my reputation as a practising Advocate of the Bombay High Court." Chary has asked PWC if remedial action are not taken he will report the case to the Institute of Chartered Accountants of India for professional misconduct under the Chartered Accountants Act, 1949, by showing gross negligence in the in professional duties. Chary has said, "I also intend to resort to the civil and criminal courts for damages/action against PWC." When contacted PwC spokesperson said that, "Our work has been executed to the expected professional standards and we stand by the content of our report submitted to the Forward Markets Commission". Chary is not the first to oppose PWC, FTIL it self had said the report was prepared without giving them chance to respond and have not accepted contents. Recently, Riddhi Soddhi Bullion, had sent a legal notice for mentioning its name as 'indulging in wash trades on MCX.' The leading bullion trader had claimed damages in their defamation suit.
Deccan Chargers denied signing Pakistan all-rounder Abdul Razzaq amid reports that the player has been roped in as a substitute.
Andrologist and microsurgeon Dr Sudhakar Krishnamurti responds to rediff readers' sexual queries.
The Andhra Pradesh minister for information technology Komatireddy Venkatreddy told mediapersons in Hyderabad that he had not received the notice from the All India Congress Committee and will respond to it when he receives it.
You could be one of the Trendsetting Twelve to feature in the 2016 Calendar!
Former Indian Premier League Commissioner Lalit Modi has alleged that two leading Indian cricketers and a West Indian player had been bribed by an Indian real estate tycoon, who is also a bookmaker.
Get your low down on what's happening in the Tamil film industry right here!
The actor is starring in Don Seenu, a film said to be inspired by Amitabh Bachchan's Don.
The Ranga Reddy district police has arrested two stringers of Telugu news channels on charges of raping and robbing two women in Viqarabad town.
Chief executives in 35 of the top Fortune 500 companies were overpaid by about 129 times their 'ideal salaries' in 2008, according to a researcher at Purdue University. Venkat Venkatasubramanian, a professor of chemical engineering, wanted to know if CEOs in top-notch multinational companies are being fairly paid or not.
Vikas Krishnan (60kg) and Naveen Kumar (81kg) fetched gold medals, while three others settled for silver as the Indian boxing team finished runners-up at the Asian Youth Boxing Championships in Tehran, Iran.
Total export from India is expected to register 10 per cent growth during 2010-11, with all sectors including textile showing a revival, top official of Export-Import Bank of India said.
The Tamil movie directed by Venkat Prabhu, is an endless series of gags, jokes and sexual mis-adventures.
The Telugu film provides wholesome fun for the family.
France-based building materials maker Saint-Gobain is undertaking a realignment of its gypsum business in the country, giving the Indian subsidiary a new name, as it aims to achieve a turnover of Rs 600 crore (Rs 6 billion) in the domestic market.
Indian boxers came good on Sunday as they advanced to the semi-finals of the Asian Youth Boxing Championship in Tehran, Iran.
Even as the film star turned politician Chiranjeevi was worried over getting an electoral symbol allotted by the Election Commission, his Praja Rajyam party got a shot in the arm on Thursday with two legislators of Telugu Desam party including the party general secretary joining the PRP.
In a fresh effort to get the IPL-III matches back in Hyderabad, the Andhra Pradesh government on Thursday asked the BCCI-IPL to visit the city to see for itself the fool-proof arrangements made by it.
The actor, who has grown in the lap of Telugu cinema, talks about his debut film.
The third edition of Indian Premier League (IPL) seems to be heading for some more serious trouble as Andhra Pradesh government has decided to use the home team Deccan Chargers to mount pressure on IPL organizers against moving the Twenty20 matches out of Hyderabad. State sports minister K Venkat Reddy has asked Deccan Chargers to pull out of IPL-3, starting next month if all the matches scheduled to be played in Hyderabad are not held in the city.
Ranbaxy, Dr Reddy's and other Indian drug makers may cut production as overseas buyers, hurt by the credit crunch, defer export orders. The move could also lower the country's drug exports by at least 10 per cent in the year ending March 2010, industry experts say."Many of our members have been intimated by their importers to stop shipments until further notice," said Venkat Jasti, chairman, Pharmaceutical Exports Promotion Council.
At least 10 flights of Jet Airways and its subsidiary out of Delhi were cancelled on Tuesday as a large number of pilots did not report to work in protest against sacking of two of their colleagues, a move described as "sabotage of operation" by the airlines.
Vikas Thakur added a shade of bronze to Indian weightlifters' golden run at the Commonwealth Games, claiming the third position in the 94kg category by equalling his personal best in Gold Coast on Sunday.
Former India captain Krishnamachari Srikkanth on Saturday became the new Chairman of the National Senior Cricket Selection Committee, replacing Dilip Vengsarkar at the helm of affiars.
Perception could prove to be another blow for Indian workers, for whom the UAE was the most important destination last year. Indians such as Venkat constituted 42.3 per cent of the UAE's labour force in 2008.
A summary of Indian athletes' showing at the Commonwealth Games on Day 3.
Indian weightlifters remained leaps ahead of their Commonwealth Games competitors, taking their gold medal tally to four
The Indian Mission in Johannesburg on Wednesday demanded a probe into the murder of a software engineer from Andhra Pradesh, who was attacked by unidentified assailants last week. Kiran Buddhe, 28, a native of Arepalli village near Warangal, was on his way from work in Johannesburg last Thursday along with another professional from the state, Venkat Sridhar, when he was confronted by two armed robbers. Four bullets hit Kiran, two in the stomach and two in the thigh.
The insurance company has formed a four-member committee headed by LIC chairman TS Vijayan to decide the valuation of LIC Mutual Fund.
It might not contain a set of rocking tunes but this album is a collection of familiar tunes packaged in a refreshing way.
There is no best time to invest. Even now would not be a bad time to get started. A word of advice: be sure of the risk you can take on venturing into equity mutual funds. Apart from equity funds, maybe you could consider balanced funds as well, says personal finance expert Irfan Rupani.
Having failed to rope in Tamil Nadu coach Woorkeri Venkat Raman for Bengal's forthcoming Ranji season, the Cricket Association of Bengal (CAB) has now approached former Indian wicketkeeping legend Syed Kirmani for the job.
The actress, has been named the new face of Pond's, a range of skin care products.
Jaganmohan Reddy will be sworn in as chief minister on May 30.
This Kannada movie is absolute nonsense from start to finish. Murali, Sharmila Mandre have been wasted. Technical values are good, though the script is a let down. It is neither entertaining or logical.
NFL had two branches in Kolkata and both of them downed their shutters in 2001.
One of the brightest Tamil directors after the unprecedented success of his first film, Chennai 600028, Venkat Prabhu got candid with his fans during a rediff.com chat.
Four music directors, declares the album. Regretfully, barring a horror number, it looks like the composers have decided to deliver the most basic compositions.
