By Admin | March 3, 2011 - 2:45 pm - Posted in General News

New Delhi: Seven out of every 10 engineering students in India prefer Bangalore as their ‘first job’ city, ahead of the capital Delhi, reveals a survey.

According to employability measurement and recruitment firm Aspiring Minds Research Cell, about 72 percent of the engineering students surveyed voted for Bangalore as the most preferred destination to work in.

“In India, Bangalore is the engineers’ Mecca. It offers growth, options and a community of like-minded people.

Bangalore has undoubtedly the largest base in terms of IT companies, opportunities and an existing engineering population,” Aspiring Minds Founder and Director Himanshu Aggarwal said.

Bangalore was followed by Delhi, which was preferred by 32 percent of the respondents, while Hyderabad was the favourite among 30 percent of the students surveyed.

By Admin | February 10, 2011 - 8:18 am - Posted in General News


The Government is hopeful of meeting its target of rolling out 600-million Unique Identity Cards by 2014, Unique Identification Authority of India (UIDIA) Chairman Nandan Nilekani said today.


“We will meet the target of rolling out 600-million UIDs by 2014,” Nilekani said at the NASSCOM India Leadership Forum 2011 here.

The pace of enrolment for unique identification numbers is gathering momentum, Nilekani said, adding, in the next few days enrolment processing would reach the two-million mark.

“In the next few days, we will be processing two-million enrolments,” Nilekani said.

A 12-digit exclusive number, ‘Aadhaar’, is being issued by the Authority to act as a unique identification for residents, linking to their demographic and biometric information.

The Government is working out a plan to make UID compulsory for availing benefits under the rural job guarantee scheme.

By Admin | January 26, 2011 - 9:17 am - Posted in General News

Luknow: FIR has been lodged against Facebook and others in ‘I hate Gandhi’ group. Complaint has been filed by Amitabh Thakur, an IPS officer. The FIR says, that Facebook is a social networking site which is accessible to people globally.

A criminal case crime No 72/2011 under section 153, 153 A(1)(a), 153 A(1)(b), 153 A(1)(c), 153-B, 290, 504, 505 (1), 505 (2),506 IPC and section 66 A Information Technology Act 2000 has been registered against Facebook (USA) and others. Thakur says in his FIR that, various groups are formed on this website, one of these being ‘i hate gandhi’. On this site, open abuses and dirty words are used against Mahatma Gandhi, the Father of our Nation. These words and abuses are of such nature that they are giving provocation with intent to cause riot when riot is not committed (sec 153 IPC), promoting enmity between different groups on grounds of communities and other grounds and doing acts prejudicial to maintenance of harmony (153A IPC), Imputations, assertions prejudicial to national-integration (sec 153 B IPC), public nuisance (290 IPC), Intentional insult with intent to provoke breach of the peace (sec 504 IPC), criminal intimidation (sec 506 IPC) and using Information Technology for these purposes (sec 66A IT Act).

According to Thakur, he communicated with each member of the group individually to remove the undesired objectionable contents before filing FIR. His request was blatantly or deliberately turned down by the members of the group. Facebook headquartered at Pao Alto, California, U.S. has also been made an accused for having provided the requisite platform for dissemination of all these information, particularly when they had been requested by Amitabh Thakur some 20 days ago to get this group removed because of its hateful content. No required action has been taken by the site so far to either ban or block the group.

By Admin | January 5, 2011 - 12:11 pm - Posted in General News, Society

Bangalore: Citibank is under constant speculation for its fraudster employee who was successful in duping people for false investments. The fraud came to light when officials accidentally discovered a discrepancy in the bank’s balance sheets.

Sivraj Puri, a Bachelor in Arts from Leeds University, UK, joined Citibank eight years ago. The mastermind and trickster behind the multi-crore scam was the Relationship Manager at Citibank, Gurgoan. Taking advantage of the authority that was delegated to him and the experience he had in banking, he was able to track high profile clients and convinced them in investing in bank products that promised high returns. Puri targeted high net worth individuals (HNI’s) who were looking to invest their money in mutual funds or fixed deposits. He would then explain them about the scheme where their savings were invested in stock market for a 90 day period and promised a 2 percent monthly return. He also assured investors that the return on investment would be nearly 18 percent more than what they had invested.

Puri, displayed a certificates, which stated that he was authorized to carry out the bank’s investment schemes. He even showed that SEBI had approved the scheme. Giving no reasons to doubt him, Puri successfully got the clients to invest in the scheme.

While rich investors were doing multiple calculations of their returns, Puri was in the phase two of his plan. After getting the authorization from his customers, to use the funds in his account to invest in the stock market, Puri would divert the funds from his account to his family’s accounts and then put all the funds into the stock market through various brokerage firms, including the brokerage firm owned by his father, Normans Martin Brokers Private Limited.

According to Central Bureau of Investigation (CBI) who took up the case after Citibank lodged a complaint with the police, found that there were about 19 accounts to which the funds were routed to. And out of the 19 accounts, 8 were of the brokerage firm that Puri’s father owned. Norman Martin Brokers and Metcam Holdings were the two companies holding the accounts.Citibank froze all the accounts and the bank submitted a document which stated that about 5.21 crore of funds was deposited in the respective accounts till December 28th. All the accounts were in the names of Puri’s relatives including his maternal grandparents.

The first account was opened in September 2009 and money has been floating ever since then. The Scam is estimated to be about 400 crore. Adding to this is the discovery of Hero Honda’s Vice-President Sanjay Gupta’s involvement in the scam. Sanjay is accused of receiving commission from Shivraj Puri for the investments.

Gupta being the treasury of Hero Honda saw the opportunity to impress his boss and accepted the proposal. Gupta took the proposal to Hero Corporate Service Chairman Sunil Kant Munjal. Puri impressed Munjal by taking up big names like Vikram Pandit who was trying to change the face of Citibank and also mentioned a newsprint importer who had also invested a huge junk.

Gupta opened two accounts in the name of BG Finances and G2S Management Consultant in Axis Bank in which about Rs 4-5 crore of the Rs 20 crore commission allegedly received from Puri were still lying in these two accounts. The two have been arrested under various sections of IPC for cheating, forgery and criminal conspiracy.

Last week, Brijmohan Lal Munjal-led Hero Group had admitted that its exposure to the fraud was to the tune of Rs 28.75 crore. When the fraud came to light, Puri was ready to payback and the matter was to be resolved but maybe due to the pressure from the Citi’s global headquarters or the branch realizsed that resolving the fraud was not enough, they opted to go to the police.


Source : www.siliconindia.com