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Major News and Events of 18 October 2012

What Happened on 18 October 2012


Reports on ex-bureaucrat's deposition fabricated: Parliament

The Lok Sabha Secretariat termed the media reports which quoted a former top bureaucrat where he has specified that the prime minister ignored his recommendation to hike 2G spectrum's entry fee to Rs.36,000 crore was "factually incorrect" and "concocted" and was breach of privilege.It also further specified that the incorrect reports formed on the bureaucrat's comments was contempt of the parliamentary committee hearing it.The Lok Sabha Secretariat said the reports included statements in quote stated to have been made by former cabinet secretary K.M. Chandrasekhar before the panel on Thursday whereas Chandrasekhar has not given any such statement before the committee during evidence. The Joint Parliamentary Committee (JPC) investigating the 2G spectrum allocation operates under the Lok Sabha Secretariat.

Court orders to raze illegal structure at excavated Delhi site

The Delhi High Court directed North Delhi Municipal Corporation (NDMC) to demolish the illegal construction from the site which is being claimed to be that of mosque excavated near the historic Jama Masjid in Delhi.The court asked the NDMC to take immediate action over the court's July 30 order where the civic authority was asked to demolish the illegal construction in central Delhi's Subhash Park area. It was asked to take the help of police and do the process under the supervision of Archaeological Survey of India (ASI).A special bench of Justice Sanjay Kishan Kaul, Justice Rajiv Shakdher and Justice M.L. Mehta stated: "The sequitur is that Delhi Police will have to make necessary arrangement for the NDMC to carry out its task (demolition of illegal construction) of the order dated July 30, 2012, and the statutory mandate be carried out under the supervision of the ASI, who is in control of the area."

Exide Q2 net profit rises 135 percent

Exide Industries, the leading car battery-maker announced a 135 percent increase in its net profit that of Rs.120 crore for the quarter ended Sep 30. It was Rs.51 crore in the same period in the previous year.During the quarter under review, the company recorded net sales of Rs.1,517 crore compared to Rs.1,172 crore for the same quarter a year ago, thus registering a growth of 29 percent. Though there was not much improvement in the demand of the automotive OE segment the robust growth in replacement market worked well for the company. The sale of home UPS batteries showed consistent growth in this quarter but is likely to be subdued in the next quarter as winter approaches.The company's foray into the new business vertical of manufacturing and marketing its own range of home UPS system has got good response in the national market.

Starbucks starts its first coffee shop in India at Mumbai

Starbucks started its first store in India in a joint venture with the Tatas. It aims at redefining the coffee market in the country.Branded as Starbucks Coffee - A Tata Alliance, the flagship cafe of the 50-50 joint venture between Starbucks Coffee Company and Tata Global Beverages is located at the historic Elphinstone Building in Horniman Circle in south Mumbai.India is popular for its passion for tea but sipping coffee and socializing at coffee shops has got very popular now. Domestic consumption of coffee rose to 108,000 tonnes in 2010, that is an increase of 80 percent in the past decade.The coffee shop industry is showing a compounded growth at an annual rate of 25 per cent for the past few years.

Five amateurs make the cut at Indian Open Golf Tournament

It was a record of sorts where five amateurs made the halfway cut at the Hero Indian Open golf tournament in Bangalore on Friday. This is in sharp contrast to last year when none made it past the second round. S. Chikkrangrappa (72-68) leads the group while four others are-- Udayan Mane (73-69), Khalin Joshi (72-71), Angad Cheema (72-71) and Honey Baisoya (69-75) -- are the ones who made the cut. 21 Indian professionals also made the cut. There are 81 players, which includes amateur playing in the championship.

Karan is the star of SOTY: Mukesh Bhatt

Filmmaker Mukesh Bhatt is very much impressed with Karan Johar's "Student of The Year" (SOTY) and stated that Karan was the real star of the film as he has made a blockbuster with new stars. He also felt that the film will change the landscape of the industry and the new generation will take over which was very much needed. Bhatt said he was highly impressed with the stars as well which includes Alia Bhatt his niece.

Facebook will allow brands to see other 'likes' of their fans

Facebook will allow some companies to see the other "Likes" of their fans. If a user likes a brand page then the brand's marketers will know what other "Likes" of the users are. At present this tool is available only to "priority accounts," as per the reports. Facebook is taking measures to please its advertisers but this may not be music to the ears of the users. Companies would be able to plan their advertising strategy with this option. There was no comment on this development by the social networking site and itgave this statement:“To help marketers build better campaigns, Facebook offers aggregated insights to managed clients that help them understand trends about their fan bases. These tools do not provide marketers with any data about their competitors' fan bases. As always, Facebook does not share user-specific data with advertisers.”

Apex Court dismisses rape allegation against Rahul Gandhi

The Supreme Court cleared Congress general secretary Rahul Gandhi's name in the 2006 gang rape allegation specifying that the charge against him and his friends was fake.The court also directed that Gandhi be paid Rs.5 lakh as compensation for damage to his reputation. There was no evidence whatsoever in the allegation and the apex court also Kishore Smrite, who had petitioned the Allahabad High Court in 2011 had put allegations that on December 3, 2006 Rahul Gandhi and his six friends who were in Amethi, forcibly confined a girl and raped her.

Sharad Pawar involved in massive irrigation scam: Y.P. Singh

Former IPS officer-turned-activist Y.P. Singh who has now turned an activist accused union Agriculture Minister Sharad Pawar of being involved in a massive irrigation scam in Maharashtra.Y.P. Singh also also criticized India Against Corruption (IAC) leader Arvind Kejriwal for being selective in exposing politicians and stated that Kejriwal did not disclose all the information related to the scam that they worked together to expose. Kejriwal also supposedly took his favor in the name of anti-corruption movement and used the information for "personal political advancement".

Decision on refarming will be taken for a week before auction: Sibal

The Empowered Group of Ministers (EGoM) will decide on the refarming of spectrum about a week before the auction, which will start from Nov 12 as per Communications Minister Kapil Sibal. The ministers though they met on Thursday could not zero in on a decision.The telecom commission on October 17 gave recommendation that the operators submit all their spectrum in the 900 MHz band when the licence renewal starts from November 2014. This drew a lot of criticism from the industry and the GSM operators lobby Cellular Operators Association of India (COAI) felt the decision was against the consumer, industry and is discriminatory for the GSM industry.

ED freezes fixed deposits worth Rs 822 crore of Satyam Computers

Rs.822 crore worth of fixed deposits of Mahindra Satyam which was earlier Satyam Computer Services Limited was linked under the Prevention of Money Laundering Act by the Enforcement Directorate(ED).Orders were issued for freezing the fixed deposits of SSCL with Andhra Bank, Bank of Baroda, IDBI and ING Vysya connected with a money laundering case against SSCL founder B. Ramalinga Raju and others. Ramalinga Raju and other were offenders under the PMLA and the fixed deposits are results of that crime. Mahindra Satyam did not comment on the development. ED will now get in touch with the adjudicating authority under the PMLA in New Delhi for confirmation of the attachment.

'English Vinglish' inspires Dalit girls in Bihar

Sridevi's endeavor to overcome the linguistic barrier in "English Vinglish" is an inspiration for the Dalit girls in Bihar. Girls from various colleges in Patna and adjoining towns of Bihar are motivated to improve their spoken English and joining English speaking courses. R. Balki, the producer is very happy with the way the events have turned out. Sridevi termed this as the real success of the movie.Directed by Gauri Shinde, the film narrates about a housewife's struggle to learn English.

Saina in quarters of Denmark Open after a dramatic game

World No.4 Saina Nehwal of India won dramatically her second round match against Japanese Minatsu Mitani to get into the women's singles quarterfinals of the Denmark Open Super Series Premier at Odense in Denmark on Thursday.The third-seeded Indian toppled the unseeded Japanese World No.28 21-15, 21-14 in 20 minutes. The game had all the excitements as Minatsu surprised Saina by getting the first 15 points without losing her serve, going 15-0 up in the first game. Saina fought back to win the next 21 points, 20 on her own serve, to take the game 21-15.The second game had much regular pattern.

Airtel launches 4G services in Pune

Bharti Airtel launched Airtel postpaid 4G services in Pune. It will be the third city in India and the first one to get this network in Maharashtra. Airtel 4G services for prepaid customers in Pune will follow soon. The availability and free trial offer of new services for Airtel 4G customers - Airtel Broadband TV and Games On-Demand will also be there.The pricing is at Rs 999 to Rs 2,999, depending on data usage. Customers can check on map the availability of Airtel 4G services in their area and do online purchase of the services. Monthly EMIs and cash on delivery, along with other payment options are also available.