ICICI BANK RUMORS.....
FOLLOWING THE RUMOURS ... CUSTOMERS TODAY ATTACKED THE S.R NAGAR BRANCH A.T.M IN HYDERABAD. NOT ONLY HERE SO MANY PLACES PEOPLE ARE BECOMING AFRAID OF THIS BANK...

THE REASONS...
ON 29TH SEPTEMBER ..ICICI Bank shares fell to a 52 week low to 483. It has gone to its first follow on public offer levels.

ICICI Bank has $3.5 billion in its UK unit investments. 18% of these are US based. It has $82 million worth of senior debt sold to Lehman Brothers. It also have to set aside a $28 million to cover the investment loses on those bonds. Though the bank has denied any exposure to the US sub-prime market, Morgan Stanley has listed ICICI bank most exposed to the US markets in Asia. Merrill Lynch says about 60% of the investments are in securities of global banks like Citigroup, Merrill Lynch, Morgan Stanley, AIG, etc. Edelweiss has estimated the loss to ICICI bank would be $200 million.UK bank’s are falling slowly but surely. The contagion is spreading to Europe as well. In the light of that $3.5 billion does not look like a small amount. No body really knows or the people who know it will not tell. The exposure to the US markets, I think, is much more than what the banks are sharing. Unlike US, India is still struggling to come to terms with the open economy. There will not be any bail out fund in India if any institution were to fail.


low intensity blast rocked Modasa in Gujarat, killing two persons and leaving 13 injured. One person was killed in another blast in MaleA low intensity blast has rocked Modasa in Gujarat. (Times Now)

"There has been an explosion in Modasa town but we are yet to confirm how it took place. The bomb and dog squads have been rushed to the site," District Superintendent of Police R B Bhrambhatt said.

The injured were being transferred to the nearby hospitals, police said.


Hyderabad, Sep 25 (IANS) Activists of Telangana Rashtra Samiti (TRS) Thursday attacked the office of Lanco Group of companies here after one of their colleagues was allegedly hit by the car belonging to the group’s chairman and Congress MP L. Rajagopal.Dozens of TRS activists pelted stones, damaging the door and window panes of the Lanco office in upmarket Jubliee Hills here, the police said. A few cars parked in front of the office building were also damaged in the attack in the evening.

A case was registered against TRS workers at Banjara Hills police station. Hyderabad police commissioner B. Prasad Rao ordered an inquiry into the incident.

The TRS activists were protesting against an incident that took place earlier in the day in Nizamabad district.


DATE: 09/24/08 07:04:49
SUBCONEARLY-SEP24-3021-INDIA-TRAIN FIRE
3021-INDIA-TRAIN FIRE PRAKASHAM, ANDHRA PRADESH, INDIA SEPTEMBER 24, 2008
SOURCE: ANI

HEADLINE: Two coaches of a passenger train gutted in India's southern Andhra Pradesh.

Passengers of the Padmavati Express had narrow escape as two coaches of the
train were gutted in Prakasham district in India's southern Andhra Pradesh
during the early morning hours.

The world's largest particle collider successfully completed its first major test by firing a beam of protons all the way around a 17-mile (27-kilometer) tunnel Wednesday in what scientists hope is the next great step to understanding the makeup of the universe.
India has made major scientific and technological contribution to the new atom smasher also called the Large Hadron Collider (LHC), which went live on Wednesday at the experimental facility near Geneva in Switzerland. LHC is expected to answer several facts of fundamental nature of the universe that remains a mystery, said the scientists of Tata Institute of Fundamental Research (TIFR).

GENEVA (Reuters) - For the first time, physicists have created a new form of matter by recreating the conditions thought to have existed 10 microseconds after the Big Bang at the start of the universe, scientists announced on Thursday.
The European Laboratory for Particle Physics (CERN), based outside Geneva, said scientists from more than 20 countries conducted a series of experiments which smashed together heavy lead ions in a fireball to prove a theory that had only existed on paper for years.

Heavy rains that lashed the state capital threw traffic out of gear while inundating several lowlying areas on Monday.

Rain water entered in houses in several low lying areas in Kothapet, Talabkatta, Chaitanyapuri, Parsigutta and other localities.

Vehicular traffic on main roads came to a standstill at Nampally, Khairtabad, Lakdi-ka-Pool, L B Nagar, Chanderghat, Dilsukhnagar Ameerpet, Punjagutta and Abids.

The Greater Hyderabad Muncipal Corporation emergency cell received 50 distress calls from various localities while fire brigade office received a call from Malakpet where rain water entered into ground floor of a complex.

The city received a rainfall of 4mm, local Met office said.

Under the influence of the southwest monsoon active in the state, moderate to rather heavy rains are likely to occur at most places over Coastal Andhra, Telangana and Rayalaseema during the next 48 hours.

courtesy:Thehindu
A single-engine aircraft - Cessna-152 (VTEMR)- crashlanded in the thickly populated Subashnagar area in Sanatnagar here at around 11.09 am resulting in the death of assistant flight instructor Captain Neeraj Jain (24) and trainee pilot P Srinivas of the AP Aviation Academy on Monday morning.

Srinivas was charred to death in the aircraft, while Jain died on the way to hospital. Jain was from Gurgaon in Delhi, while Srinivas was a resident of Sainikpuri in the city.

Begumpet airport director R K Singla told ‘TOI’ that according to Air Traffic Control (ATC) records the two-seater aircraft took off at 11.07 am from the Begumpet airport and lost contact with the ATC at 11.09 am. "We are yet to ascertain the reason for the accident," he said.



Suklam baratharam vishnum sasivarnam sathurbujam
Prasanna vadanam dyayeth sarva vignoba santhaye

Vakra thunda maha kaya soorya koti sama praba
Nirvignam kurume deva sarva kaaryeshu sarvadha

Ganesh puja, katha,vratakalpam in Telugu


The next time you call up a police officer on his cell phone in this hi-tech city, you'll be greeted with an "anti-terror" caller tune.

Well, that's part of a range of initiatives being taken by the Hyderabad Police in an attempt to raise awareness among the members of the public on terror attacks, a year after three deadly bomb blasts rocked the city.

"We want to reach out to people through an informal campaign to create awareness among every citizen to take care of ten square feet of area around them," Detective Department DCP R S Praveen Kumar said.

"The idea is that every citizen should be conscious of his surrounding areas and report to the police on anything suspicious. We are asking people not to be silent," he added.

What's more is that a caller can also download the "anti-terror" ringtones available in both Telugu and English by just pressing the star button on the mobile phone.

The ring tones are intended to convey to people the importance of contacting the police when they come across some unattended objects and during any emergency situation.

"We are sensitising the people on terror acts. Public participation is also required in such initiatives," Hyderabad City Police Commissioner B Prasada Rao said.

Messages such as "Be watchful", "Each One-Watch One", "Anything doubtful, report to us" and "Dial-100" are on display already on scores of hoardings dotting the skyline of this hi-tech city.

After introducing the caller tunes, the Hyderabad Police are working on launching another initiative of sending terror alert messages on mobile phones.

courtesy: dnaindia.com