News Digest: Regulatory failure caused rise in corporate fraud: CBI

		THE TIMES OF INDIA
		Wednesday, May 14, 2014
		Today's Headlines

		India
		Regulatory failure caused rise in corporate fraud: CBI The CBI on Tuesday blamed “collective failure” of regulatory mechanism for the rise in corporate frauds in recent years involving a sum of nearly Rs 29,000 crore. Supreme Court stays UP chief secretary's appearance in high court The Supreme Court on Tuesday saved Uttar Pradesh chief secretary Javed Usmani, tipped to be the cabinet secretary if NDA comes to power, of the embarrassment of personal appearance before the Allahabad high court. Convert LoC into border, says PM's special envoy The line of control should become the border between India and Pakistan, according to Satinder Lambah, PM’s special envoy for Af-Pak, who has conducted back-channel negotiations with Islamabad for the past ten years. More India News»

		Business
		BRIC by BRIC, India regains lost ground Among the BRIC nations, India is slowly emerging as the favourite of fund managers as the stocks of its three peers—Brazil, Russia and China— go down. FII in BSE 200 hits new high in Jan-Mar Foreign institutional investors (FIIs) own a larger slice of India Inc now with the value of the shares held by them vaulting to a new high. Banking, infra EMFs top performers Equity mutual funds (MFs) that invest exclusively in shares of banks and in firms engaged in the infrastructure business are back in the reckoning. More Business News»

		Environment
		WHO report prompts air pollution panel to look into Yamuna's issues After a WHO urban air quality database released last week sounded alarm bells on the city's extremely high air pollution levels, lieutenant governor Najeeb Jung has set up a high-powered committee to look into air pollution levels. A future of thirst: Water crisis lies on the horizon The next time your throat is as dry as a bone and the Sun is beating down, take a glass of clean, cool water. Pench tigress release mired in red tape The already belated move to relocate Pench tigress into its natural habitat seems to be turning into a futile exercise due to inordinate delays by the government institutions, which otherwise should support the national cause. More Environment News»

		World
		Nigeria: Will negotiate for girls' release Nigeria is willing to talk to Boko Haram about securing the release of 223 schoolgirls still held hostage by the Islamists, special duties minister Taminu Turaki said on Tuesday. French journalist killed in CAR: Hollande A French photojournalist has been killed while on a reporting assignment in conflict-torn Central African Republic, probably in an ambush, French President Francois Hollande said on Tuesday. After India, China ticks off US on sea dispute China told the United States on Tuesday to not get involved in its disputes in the South China Sea, a day after ticking off India for the same reason. More World News»

		Entertainment
		Yesteryears actresses in bikini and swimsuit We put together few old actresses in bikini and swimsuit. PICS: Naked 'navels' of Bollywood babes OMG: Actresses who have insured their 'breasts'! While the common man does his best to get his life, house or car insured, our celebrities think that is not enough. Our Hollywood beauties think that since they have assets, they should not only flaunt it but insure it. More Entertainment News»

		Science
		Gujarat powers historic global effort to find new energy The energy source for the future is being incubated in Gandhinagar. Scientists of the city-based Institute of Plasma Research (IPR) are contributing to the heart of the world's biggest Tokamak fusion reactor. Raising our own sun The IPR has conceptualized and carried out the steady state superconducting fusion experiment with the Tokamak (SST-1). A Tokamak is a device that uses a magnetic field to confine plasma. To sleep, perchance to control your dreams Nighttime dreams in which you show up at work naked, encounter an ax-wielding psychopath or experience other tribulations may become a thing of the past thanks to a discovery reported on Sunday. More Science News»

		Sports
		Novak Djokovic makes winning return Novak Djokovic made a winning return nearly a month after suffering a wrist injury, starting the Rome Masters with a 6-3, 7-5 defeat of Radek Stepanek. John Terry signs new Chelsea contract Chelsea's 33-year-old captain John Terry has signed a new one-year contract, the English Premier League club said on their website on Tuesday. 7 Barca players in Spanish WC squad Spain manager Del Bosque named the uncapped David de Gea, Dani Carvajal and Ander Iturraspe in his provisional list of 30 players for the World Cup. More Sports News»

		Technology
		First impressions: Moto E smartphone Here are our first impressions of Moto E to help you decide whether it is the best smartphone at the killer price of Rs 6,999. Bought a new DSLR? Now buy these three lenses There is a saying that good photos depend on the skill and creativity of the photographer. Is Tim Cook's management style hurting Apple? Cook became chief executive in late August 2011, roughly six weeks before Jobs died. More Technology News»

		Education
		DU colleges to upload new student details Delhi University has asked all colleges to upload on their websites details of candidates immediately after admission. 17 Indian universities make it to Asia's top 300 A record number of Indian universities feature in the new Asian Universities Ranking published by QS: 17. Over 50 qualify at JEE (main) from Goa Around 51 students from Goa are believed to have qualified at the JEE (main) exam and Sahib Singh Pandori of Margao’s Vidya Vikas Academy is known to be the highest scorer from the state at the exam attaining 226. More Education News»

		Mumbai
		PEs pump 300 crore more into Vasan Healthcare The fund-raise is being done through a rights issue - an issue of shares offered at a special price by a company to its existing shareholders - and will see Vasan's promoter A M Arun also participate, sources added. RTE admissions: Over 3K applicants still await seats More than 3,000 students applying for reserved seats under the RTE Act were left out in the first round of admissions. This, despite the number of available seats being higher than that of applicants for the 25% seats set aside in unaided non-minority schools for the economically backward kids. Rupee breaches 60, seen nearing 58.50 soon The rupee touched a near ten-month high of 59.51 against the dollar in intra-day trade before closing two paise weaker at 60.05 on Monday. More Mumbai News»

		Delhi
		'Hyatt didn't enforce some safety norms' Delhi Police has told the Delhi high court that “certain conditions” required for the safety of visitors were “not complied with” at Hyatt Regency Hotel where a young CEO of a real estate group fell from an under-construction ledge connected to the sixth-floor lobby of the hotel to the fourth floor six months ago. Windy Tuesday, rain likely on weekend Waking up to a cool, windy Tuesday morning would have left most of Delhi quite confused. Unlike most days in May, which usually marks the shift to above 40 degrees temperatures in the northwest plains, the capital has been witnessing consistently cool days, rain and thunderstorms. NCR bars tourism in green zones Tourism activities won’t be allowed in the Natural Conservation Zones (NCZs) in NCR, according to the minutes of recent NCR Planning Board (NCRPB) meeting. More Delhi News»

		Bangalore
		Bangalore film selected for Cannes film festival Sankshypth, a short film, produced and directed by a group of film enthusiasts from Bangalore, has been selected for screening at the 67th Cannes film festival from May 14. Probationary IPS officer assaults ASI After a double shift on Monday, assistant sub-inspector Krishnamurthy, 56, of the Yediyur outpost under Amruthur police station, Kunigal taluk in Tumkur district headed home. Woman jumped off bike and ran away, claim rape accused Four men, including an engineering student, were on Tuesday arrested for allegedly raping a woman and throwing her off the second floor of a lodge in HSR Layout on Saturday night. More Bangalore News»

		Hyderabad
		Technical issues hit minorities welfare department division process With days to go before the Appointed Date of bifurcation, the minorities welfare department (MWD) said that the process of division of five out of 11 agencies under its control would be finalised only after June 2. Police clueless about death of Hetero Group chairman's daughter Hetero group chairman Bandi Parthasaradhi Reddy's daughter Krishna Sindhuri, 35, died at her Jubilee Hills residence on Sunday under suspicious conditions, but police are still clueless. English and Foreign Languages University turns into a fort A day after the Chalo EFLU protest, a massive contingent of police was deployed on the English and Foreign Languages University (EFLU) campus on Tuesday leading to tension in the premises. More Hyderabad News»

		Chennai
		SHGs: a silent votebank that can swing elections Kanagabai, a resident of Adhanakottai village in Pudukottai, coordinates a dozen self-help groups (SHGs) consisting of women who have taken up the business of frying cashew nuts and packaging them for the retail market. Students skip queues, apply online Time was when students rushed from one college to another for application forms as soon as Class 12 results were declared. Hello there! Some colleges have helplines, all flooded with calls Anxious parents have been working the phones non-stop after the Class 12 boards were declared on May 9. They’ve got all kinds of doubts about college admissions for their wards and they want answers immediately. More Chennai News»

		Ahmedabad
		FM clears central excise cadre rejig The Union finance minister has finally approved the cadre restructuring in the central board of excise and customs (CBEC).The cadre restructuring was in the pipeline for seven years. Drizzle chill makes Amdavadis dance Cool winds blowing in the face and sporadic rainbows in the sky - weather threw a big surprise for Amdavadis in the middle of the peak summer on Tuesday. Rajnath, Jaitley to meet Narendra Modi in Gandhinagar today They are likely to discuss the party's performance in the just concluded 2014 Lok Sabha elections. More Ahmedabad News»

		Allahabad
		Harbour nature's energy: Scientist The National Academy of Sciences, India (NASI) highlighted the technological achievements of the country as part of National Technology Day celebrations. Petrol pump dealers withdraw strike The petrol pump owners withdrew their strike on Sunday following assurance from the district administration that their demands will be fulfilled. Ewing Christian College to implement semester system Ewing Christian College (ECC) would implement the semester system at the undergraduate level from 2014-15 academic session.ECC will be the first constituent college of Allahabad University to implement it. More Allahabad News»

		Bhubaneswar
		Veteran actor Sarat Pujari passes away Veteran actor and president of Odisha Sangeet Natak Academy Sarat Chandra Pujari passed away at the age of 80 here on Monday. Fix accountability on errant officials: Academics to board Absence of accountability and exemplary action against erring officials responsible for the mistakes in the evaluation of matriculation answer sheets had encouraged them to make more blunders, said academics. Delay in building airport police station cause worry Though more than a year has passed since chief minister Naveen Patnaik laid the foundation stone for the proposed airport police station building on March 27 last year, its construction is yet to take off. More Bhubaneswar News»

		Bhopal
		RBI guidelines on 10-yr-olds operating accounts Reserve Bank of India's (RBI) leeway to ten-year-old and above to swipe their own ATM card or sign a cheque book all theirs may have brought much cheer to experts and parents alike, but alarmed by the "inexplicability and impracticality of the move" Madhya Pradesh State Commission for Protection of Child Rights (MPSCPCR) insists that kids would be better off sticking to good old piggy banks. Jilted lover found dead in Morena A spurned lover, who had allegedly shot at and injured a newly-married woman in Morena on Sunday, was found dead on Monday. Colleagues shocked, say Indu was sincere in at work Expressing shock over Indu's death, principal TP Singh said, "It is a sad news for us.She was always punctual, did all her assignments on time and never had any problems with colleagues.". More Bhopal News»

		Chandigarh
		Punjab forgets promise to help Burundi youth Shattered by Punjab government forgetting its promise to foot the bill for the entire treatment of Burundi national Yannick Nihangaza, his father on Tuesday said he wanted to shift his son back to the African nation. How can 5 yrs to guilty be called justice: Bhagat Singh's sister Parkash is staying in Toronto with her son Rupinder Singh and is mostly confined to bed due to weakness and age-related issues. 88-yr-old awaits justice in another 'extrajudicial' killing case Gulshan, a fruit vendor in Tarn Taran, was picked up by the police on June 22, 1993.His father Chaman Lal even used to meet him in police custody. More Chandigarh News»

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