Wednesday, November 19, 2008

MELBOURNE: Ricky Ponting has lashed out at legendary Indian Sunil Gavaskar and other former players for often blaming the Australian team for on-field confrontations, saying the Indian opener was not an angel during his playing days.

"I know that over the past 10 years, probably longer, a notion has developed that the Australian team walks out onto the field intent on getting in faces and having a few words... Unfortunately, as soon as a spectator or a commentator spots one of my team chipping on opponent, they assume it is a pre-meditated attack," Ponting said.

"The most laughable aspect is when I hear former players complaining, as though they never put a toe out of line in their day.

"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 in his 'Captain's Diary 2008'.

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.


"In the four or five days after the Sydney Test... inevitably, some ex-players -- mostly the usual suspects --were into us, and I found their hypocrisy extremely disappointing. They were demanding standards from us that they had never kept themselves when they were Test stars.

"The classic came when Tony Grieg suggested that the batsmen of today should be walking to make it easier for the umpires. This was coming from a bloke who in his day made a virtue out of not walking.

"I always presumed that ex-players are employed by media outlets because their experience gives them a rare insight into the pressure elite cricketers are under and the way we think, but it seems to me that many of them forget about their past lives the minute they are handed a press pass.

Ponting also took a dig at just retired 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 Woodfull.

"I'm not sure how extensive Anil's knowledge of cricket history is, but -- as was picked up immediately by reporters -- his comments echoed those made by Australian captain Bill Woodfull during the acrimonious bodyline series of 1932-33.

"'There are two teams out there, one is trying to play cricket and the other is not', Woodfull had said to English managers during the third Test of that series," he said

Soruce: http://cricket.timesofindia.indiatimes.com/Gavaskar_was_no_angel_in_his_playing_days_Ponting/articleshow/3732054.cms
MELBOURNE: Ricky Ponting has lashed out at legendary Indian Sunil Gavaskar and other former players for often blaming the Australian team for on-field confrontations, saying the Indian opener was not an angel during his playing days.

"I know that over the past 10 years, probably longer, a notion has developed that the Australian team walks out onto the field intent on getting in faces and having a few words... Unfortunately, as soon as a spectator or a commentator spots one of my team chipping on opponent, they assume it is a pre-meditated attack," Ponting said.

"The most laughable aspect is when I hear former players complaining, as though they never put a toe out of line in their day.

"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 in his 'Captain's Diary 2008'.

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.


"In the four or five days after the Sydney Test... inevitably, some ex-players -- mostly the usual suspects --were into us, and I found their hypocrisy extremely disappointing. They were demanding standards from us that they had never kept themselves when they were Test stars.

"The classic came when Tony Grieg suggested that the batsmen of today should be walking to make it easier for the umpires. This was coming from a bloke who in his day made a virtue out of not walking.

"I always presumed that ex-players are employed by media outlets because their experience gives them a rare insight into the pressure elite cricketers are under and the way we think, but it seems to me that many of them forget about their past lives the minute they are handed a press pass.

Ponting also took a dig at just retired 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 Woodfull.

"I'm not sure how extensive Anil's knowledge of cricket history is, but -- as was picked up immediately by reporters -- his comments echoed those made by Australian captain Bill Woodfull during the acrimonious bodyline series of 1932-33.

"'There are two teams out there, one is trying to play cricket and the other is not', Woodfull had said to English managers during the third Test of that series," he said

Soruce: http://cricket.timesofindia.indiatimes.com/Gavaskar_was_no_angel_in_his_playing_days_Ponting/articleshow/3732054.cms

Pirates demand ransom for Saudi oil tanker

DUBAI: Somali pirates are demanding a ransom for the Saudi super-tanker Sirius Star, a man presented as one of the pirates said on Wednesday, according to an Al-Jazeera audio tape.

"Negotiators are located on board the ship and on land. Once they have agreed on the ransom, it will be taken in cash to the oil tanker," said the man identified as Farah Abd Jameh, who did not indicate the amount to be paid.

"We assure the safety of the ship that carries the ransom. We will mechanically count the money and we have machines that can detect fake money," the man said on an audio tape produced by the Dubai-based television network.

Seized at the weekend in the Indian Ocean some 800 kilometres off the coast of Kenya, the Sirius Star is now anchored at the Somali pirate lair of Harardhere, according to local officials.

The super-tanker was loaded to capacity with two million barrels of oil when it was seized along with its crew of 25 -- 19 from the Philippines, two from Britain, two from Poland, one Croatian and one Saudi.

It was the largest ship yet taken by Somali pirates and the attack furthest away from Somalia.
Soruce: http://timesofindia.indiatimes.com/Pirates_demand_ransom_for_Saudi_oil_tanker/articleshow/3731450.cms

Indian Navy foils another attack by Somali pirates

NEW DELHI: Even as the supertanker the Saudi Sirius Star continues to be in the grip of pirates of the coast of Somalia, the Indian Navy appears to have taken the lead in the fight against pirates.

An Indian warship deployed in the Gulf of Aden fought Somali pirates and destroyed their vessel after a brief battle, the navy said on Wednesday.

Two accompanying speed boats sped away after the main vessel was blown up late on Tuesday.

"INS Tabar retaliated in self defence and opened fire on the mother vessel," the navy said in a statement.

"As a result of the firing by INS Tabar, fire broke out on the vessel and explosions were heard, possibly due to exploding ammunition that was stored on the vessel."

Naval officers on board the warship said they spotted pirates moving on the deck with rocket propelled grenade launchers.

"On repeated calls, the vessel's threatening response was that she would blow up the naval warship," the navy said.

India deployed INS Tabar, a naval warship, to escort Indian ships after the country's shipping firms said they were losing $450,000 a month on cost overruns and delays in meeting deadlines.

Crew members are reluctant to sail in the Gulf of Aden, one of the world's most important sea trade routes, fearing attacks by pirates.

Meanwhile, Saudi supertanker Sirius Star was hijacked over the weekend and has anchored off the coast of Somalia in Eyl, even as pirates took over another Iranian-operated cargo vessel with a Hong Kong flag ‘Delight’. US navy commander Jane Campbell of the Bahrain-based 5th Fleet said the status of the crew and cargo was not known. There are some Indians among the 25-member crew.

Last week, in the first-ever action after being deployed in the Gulf of Aden, the Indian navy on November 11 thwarted an attempt by pirates to capture an Indian merchant vessel in the region. The ship, M V Jag Arnav, had recently crossed the Suez Canal and was eastward bound when it was surrounded by pirates, who tried to board and hijack the ship, navy sources in New Delhi said.

When the 38,265-tonne bulk carrier, owned by Mumbai-based Great Eastern Shipping Company, raised an alarm, it caught the attention of the Indian naval warship, INS Tabar, which was patrolling in the Gulf of Aden waters.
Soruce: http://timesofindia.indiatimes.com/Indian_Navy_destroys_Somali_pirate_ship/articleshow/3731104.cms

Obama chooses first Black attorney general of US


WASHINGTON: Eric Holder, formerly second in charge at the Justice Department, is President-elect Barack Obama's top choice to become attorney general, an Obama official and people close to the matter said Tuesday. Holder's selection would mark Obama's first step toward filling his Cabinet, and he would become the nation's first black attorney general if confirmed by the Senate.

A member of Obama's foreign policy working group, Holder also would be called on to help close the Guantanamo Bay military prison, as Obama has promised to do, and prosecute terrorism suspects.

Holder (57) was deputy attorney general during Bill Clinotn's presidency and is a former judge and US attorney in Washington, and is widely respected in legal circles and among Justice Department career lawyers. He has been on Obama's short list to be attorney general since before the election, and already has had private conversations about how he would run the department.

One of his top priorities, according to a person familiar with his thinking, is to rebuild the department's reputation after its fiercely independent image was tarnished by charges of political meddling by the White House during the Bush administration.

Holder has been one of Obama's most trusted advisors. He was a member of the team that helped select Joe Biden as Obama's running mate.

Soruce:http://www.mid-day.com/news/2008/nov/191108-Eric-Holder-Obama-Joe-Biden-Guantanamo-Bay.htm

Operation Bluestar, a tragedy: Rahul Gandhi


AMRITSAR: Rajiv Gandhi had tried to rationalise the violence that claimed the lives of 300 Sikhs

A quarter century after his father Rajiv Gandhi justified the anti-Sikh riots in Delhi, Rahul Gandhi said the violence against the community in the aftermath of his grandmother's assassination was 'wrong'.

"The 1984 riots against the Sikhs were wrong and people responsible for this should be brought to justice," Gandhi told media persons in the Sikh holy city yesterday.

The Gandhi family and the Congress party have been blamed by the Sikhs for the army's operation in the Golden Temple against Sikh militants and the anti-Sikh riots following the assassinations of then PM Indira Gandhi by her two Sikh bodyguards.

Gandhi called Operation Bluestar, the name of the army operation, as a "tragedy for Punjab".

"I have seen with my own eyes how everyone left my grandmother after she lost the elections in 1977. Only her Sikh friends stayed with her," Gandhi said, trying to strike an emotional chord with the Sikh community.

Gandhi had toured Punjab for three days in September this year to revive the Youth Congress in the state. He started his tour with an unannounced visit to the Harmandar Sahib, better known as the Golden Temple in the early morning hours, catching everyone by surprise.

After his mother's assassination on October 31, 1984, Rajiv Gandhi, who became prime minister, sought to rationalise the violence that led to the death of over 3000 Sikhs, by saying "when a big tree falls, the earth shakes".

Soruce: www.mid-day.com

UTI MF commences 90 days plan

Date : Nov-18-2008 UTI Mutual Fund on 17 November 2008 has opened initial offer of UTI Short Term Fixed Maturity Plan Series II-II and the offer period will remain open for fresh subscription till 25 November 2008. The new offer price of units is Rs 10 per unit. It is a close-ended income scheme with an investment objective to generate regular returns by investing in portfolio of fixed income securities normally maturing in line with the maturity period of the plan.
The date of allotment will be 25 November 2008. The 90 days plan will open for redemption on 27 November 2008 that will mature on 23 February 2009. The scheme offers investors retail, and institutional plan with growth and dividend options. The minimum application amount for retail option under dividend sub option is Rs 10,000 and under growth sub option is Rs 5,000 and in multiples of Re 1 thereafter. The minimum application amount under institutional option is Rs 1 crore and in multiples of Re 1 thereafter.

Post Session Market

Date : Nov-19-2008 16:31 The domestic market pared all its earlier gains during the second half of session to close in red terrain due to lower US index futures and weak European markets. Fears of more foreign fund outflow offset expectation of an interest rate cut by Reserve Bank of India and more measures from the government to revive the domestic economy. The market took a rebound from five-day losing streak and belled the day on positive note. The benchmark indices continued to trade higher till afternoon on support of sustained buying on key stocks. Further market was not capable to continue the momentum and started losing ground on account of weak cues worldwide. Finally market concluded the day with negative gap. The BSE Sensex ended below 8,800 level and NSE Nifty closed below 2,700 mark. From the sectoral front, the Capital Goods stocks were worst performers as ended with cut of more than 3%. Apart from that the Bank, Power, Teck, Metal, PSU and IT stocks also followed the same trend as witnessed most of the selling from these baskets. Midcap and Small cap stocks were also under bears'' control. However, FMCG, Auto and Consumer Durables stocks were able achieve favor from the market.

Among the Sensex pack 25 stocks ended in red territory and 5 in green. The market breadth was negative as 1718 stocks closed in red while 778 stocks closed in green and 77 stocks remained unchanged.

The BSE Sensex closed lower by 163.42 points at 8,773.78 and NSE Nifty ended down by 48.15 points at 2,635. The BSE Mid Caps and Small Caps closed with losses of 61.3 points 2,998.39 and by 65.54 points at 3,493.12. The BSE Sensex touched intraday high of 9,236.27 and intraday low of 8,726.80.

Losers from the BSE Sensex pack are JP Associates (6.04%), Hindalco (5.19%), Reliance Communication Ltd (5.15%), Grasim Industries (4.62), L&T Ltd (4.12%), Reliance Infra (3.99%), HDFC (3.74%), ICICI Bank (3.62%), Satyam Computer (3.57%), HDFC Bank (3.28%), Wipro Ltd (3.18%) and BHEL (2.81%).

Gainers from the BSE Sensex pack are ITC Ltd (2.80%), Ranbaxy Lab (1.86%), M&M Ltd (1.03%), Maruti Suzuki (0.73%) and DLF Ltd (0.13%).

The BSE Capital Goods index dropped by (3.47%) or 229.74 points to close at 6,393.76. Losers are Praj Industries (8.17%), Thermax Ltd (7.51%), Aiaengineer (7.11%), Areva (6.13%), Suzlon Energy (5.74%) and Bharat Bijli (5.27%).

The BSE Bank index lost (2.86%) or 135.53 points to close at 4,596.95. Major losers are Allahabad Bank (5.82%), Karnataka Bank (5.39%), IDBI Bank (5.12%), Union Bank (4.36%), Kotak Bank (4.19%) and Indian Overseas Bank (3.94%).

The BSE Power index ended down by (2.68%) or 42.06 points at 1,529.92 as GMR Infra (9.41%), GVK Power (9.20%), Suzlon Energy (5.74%), Lanco Infra (4.36%), Reliance Infra (3.99%) and Siemens Ltd (3.40%) in negative territory.

The BSE Teck index ended lower by (1.90%) or 36.70 points to 1,898.09 as Tanla (11.31%), Tech Mahindra (8.54%), Mphasis Ltd (7.99%), Tata Communication Ltd (6.65%), Dish TV (5.93%) and Tel Eighteen (5.45%) ended in negative territory.

The BSE Metal index ended down by (1.77%) or 80.14 points at 4,436.14. Major losers are Hindalco (5.19%), Nalco (5.05%), Gujarat NRE C (4.90%), Steel Authority (3.99%), Welspan Gujarat SR (3.76%) and Ispat Industries (2.17%).

The BSE PSU index plunged (1.72%) or 78.12 points to close at 4,453.96. Losers are MRPL (7.28%), Allahabad Bank (5.82%), IDBI Bank (5.12%), Nalco (5.05%), Union Bank (4.36%) and Indian Overseas Bank (3.94%).

The BSE FMCG index gained (1.52%) or 27.94 points to close at 1,866.02. Gainers are Nestle Ltd (2.95%), United Spr (2.84%), ITC Ltd (2.80%), Marico (2.05%) and Colgate Palm (0.58%).


HDFC MF unveils FMP 90D November 2008(3)

Date : Nov-19-2008 HDFC Mutual Fund house has launched HDFC Fixed Maturity Plan 90D November 2008 (3) under HDFC Fixed Maturity Plans-Series X. The new offer period (NFO) will open for subscription on 20 November and close for subscription on 24 November 2008. The face value of new issue is Rs 10 per unit. It is a close ended income scheme. The investment objective of the plan under the scheme is to generate regular income through investments in debt, money market instruments and government securities.

HDFC Fixed Maturity Plan 90 Days November 2008 (3) offers wholesale plan and retail plan with growth and dividend option. Under retail plan, the minimum application amount will be Rs. 5,000 and in multiples of Re. 1 thereafter. Under wholesale plan, the minimum investment amount is Rs. 25 lakh and in multiples of Re. 1 thereafter. The scheme will invest 60%-100% in debt and money market instruments, with low to medium risk profile. The scheme will also invest upto 40% in government securities with low risk profile. Investment in securitized debt will not exceed 75% of the net assets of the respective plans.

Benchmark MF unveils S&P CNX 500 Fund

Date : Nov-19-2008 Benchmark Mutual Fund house has launched Benchmark S&P CNX 500 Fund. It is an open ended index scheme. The new offer period (NFO) will be open for subscription from 17 November to 15 December. The face value of new issue is Rs 10 per unit.
The investment objective of the scheme is to generate capital appreciation through equity investments by investing in securities which are constituents of S&P CNX 500 Index in the same proportion as in the index. The scheme offers two options viz. growth and dividend option. Dividend option further offers dividend payout and dividend reinvestment facility.

The minimum application amount will be Rs 10,000 and in multiples of Re. 1 thereafter. And the minimum amount for the subsequent purchase will be Rs 1000 and in multiples of Re. 1 thereafter. The scheme looks for collection of a minimum target amount of Rs 1 crore during the NFO period. The scheme will invest 90%-100% in securities constituting S&P CNX 500, derivative on the securities constituting S&P CNX 500 with medium to high risk profile. It invests upto 10% in money market instruments, G-Secs, Bonds Debentures and cash at call with low to medium risk profile. The scheme would invest in derivatives instrument when it is unable to buy any stocks which it is required to invest as per its investment objective or whenever it is beneficial to take exposure in derivatives instead of the equity security.