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Moneycontrol >> Messageboard >> General >> News Now
   You are here :     Moneycontrol     MMB   General   News Now

News Now

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07 Oct 2008 18:11

Aejaz

Posted by : Aeju
View full thread (1 messages)

Tracked by: 0 Boarder

This is the tough one to say about the market condition i suggest it will go through till Diwali...

07 Oct 2008 16:47

US Govt. is taking initiatives to tackle the financial problems but the problem is out of proportion....

In reply to:

US Meltdown: Jobless Indian-origin man kills family, self

Posted by : venkat_c

Really disturbing news. However, this is not the right way to tackle financial difficulties, we at Training8m, Queensland Australia Feel that Government there should own up responsibility for financial struggle millions are facing.I am venkat from Training8m, Queensland Australia

07 Oct 2008 16:43

Really disturbing news. However, this is not the right way to tackle financial difficulties, we at Training8m, Queensland Australia Feel that Government there should own up responsibility for financial struggle millions are facing.I am venkat from Training8m, Queensland Australia...

In reply to:

US Meltdown: Jobless Indian-origin man kills family, self

Posted by : vkk43

Very disturbing and sad news indeed.

07 Oct 2008 16:07

Very disturbing and sad news indeed....

In reply to:

US Meltdown: Jobless Indian-origin man kills family, self

Posted by : stockgun

Los Angeles: A man distraught because he could not find work shot and killed his mother-in-law, his wife and three sons and then killed himself inside a home in an upscale San Fernando Valley neighborhood, police said.


Authorities said the man was an MBA in finance but appeared to have been unemployed for several months and had worked for major accounting firms, such as Pricewaterhouse, police said.


The two-story rented home is in a gated community in Porter Ranch, about 20 miles northwest of Los Angeles.


The shootings were discovered after 0820 hrs (GMT) on Monday, after a neighbor called police officers to report that the wife had failed to pick her up to take her to her job at a pharmacy, Deputy Chief of Police Michel Moore said.


Ed Winter, assistant chief from the Los Angeles County Coroner`s Office, identified the suspect as Karthik Rajaram, 45.


He said the victims included Rajaram`s mother-in-law, Indra Ramasesham, 69, and his 19-year-old son Krishna Rajaram, a Fulbright Scholar and honor student at UCLA.


Also dead were Rajaram`s wife, 39, and their two other sons, 12 and 7. Some of the victims had been shot more than once and their identities were not immediately confirmed, he said.


"Due to the nature of their injuries, it`s been a little difficult," Winter said. There were no signs of struggle, he said.


Police first found the mother-in-law shot in her bed in a downstairs bedroom, Moore said.

Upstairs, the couple`s eldest old son was shot in the master bedroom; the wife in another bedroom with a gunshot wound to the head; the two younger sons in the bedroom they shared, both shot in the head. The 12-year-old was on the floor and the 7-year-old in bed, Moore said.


The suspect was also in that bedroom, a gun still in his hand.


The killings are thought to have occurred after 6 p.m. Saturday, when the man was last reported seen, Moore said.


Inside the house, police also found three letters, one to law enforcement acknowledging responsibility for the killings, a second to friends and relatives and a third that appears to be the suspect`s will, Moore said.

"He attests to some financial difficulties, and he takes responsibility for the taking of the lives of his family members and himself as a result of those financial difficulties," Moore said.

Neighbors, family and friends told police that the suspect, who had not worked for several months, had said in recent days he was having had extreme financial difficulties, Moore said.

One of the letters, intended for friends and marked "personal and confidential," detailed his financial transactions that resulted in "an unfortunate, downward spiral," Moore said.

"His narrative is one of talking about this tragedy befalling him and his contemplation of an available exit or solution," Moore said. "One is taking his own life and the other is taking the lives of his family and himself. ... He talked himself into the second strategy, believing that was in effect the honorable thing to do."

Moore said the several-page narrative appeared to have been written over a period of time. "This was something that was not a spur-of-the-moment type of event," he said.

Moore said it was clear to police that the family members were close and "had an affection for each other." He said the parents had given up their master bedroom to their eldest -- who was spending the weekend home from college -- "out of respect."

"This is a perfect American family behind me that has absolutely been destroyed, apparently because of a man who just got stuck in a rabbit hole, if you will, of absolute despair, somehow working his way into believing this to be an acceptable exit."

No neighbors reported having heard gunshots, and there was no sign of forced entry at the house, Moore said.

Rajaram was involved in a financial holding company as part owner "at least," Moore said.

There is no evidence he had had any history of mental difficulties, nor was there an indication he had sought counseling, Moore said.

Neighbor Trish Harrison, who lives three houses from the crime scene, said the family had lived in the community for about a year, but kept to themselves and had little interaction with neighbors. The parents were from India, she said.


The Los Angeles Unified School District was making arrangements for crisis counselors to visit the schools attended by the two younger sons.

07 Oct 2008 15:32

Los Angeles: A man distraught because he could not find work shot and killed his mother-in-law, his wife and three sons and then killed himself inside a home in an upscale San Fernando Valley neighborhood, police said.


Authorities said the man was an MBA in finance but appeared to have been unemployed for several months and had worked for major accounting firms, such as Pricewaterhouse, police said.


The two-story rented home is in a gated community in Porter Ranch, about 20 miles northwest of Los Angeles.


The shootings were discovered after 0820 hrs (GMT) on Monday, after a neighbor called police officers to report that the wife had failed to pick her up to take her to her job at a pharmacy, Deputy Chief of Police Michel Moore said.


Ed Winter, assistant chief from the Los Angeles County Coroner`s Office, identified the suspect as Karthik Rajaram, 45.


He said the victims included Rajaram`s mother-in-law, Indra Ramasesham, 69, and his 19-year-old son Krishna Rajaram, a Fulbright Scholar and honor student at UCLA.


Also dead were Rajaram`s wife, 39, and their two other sons, 12 and 7. Some of the victims had been shot more than once and their identities were not immediately confirmed, he said.


"Due to the nature of their injuries, it`s been a little difficult," Winter said. There were no signs of struggle, he said.


Police first found the mother-in-law shot in her bed in a downstairs bedroom, Moore said.

Upstairs, the couple`s eldest old son was shot in the master bedroom; the wife in another bedroom with a gunshot wound to the head; the two younger sons in the bedroom they shared, both shot in the head. The 12-year-old was on the floor and the 7-year-old in bed, Moore said.


The suspect was also in that bedroom, a gun still in his hand.


The killings are thought to have occurred after 6 p.m. Saturday, when the man was last reported seen, Moore said.


Inside the house, police also found three letters, one to law enforcement acknowledging responsibility for the killings, a second to friends and relatives and a third that appears to be the suspect`s will, Moore said.

"He attests to some financial difficulties, and he takes responsibility for the taking of the lives of his family members and himself as a result of those financial difficulties," Moore said.

Neighbors, family and friends told police that the suspect, who had not worked for several months, had said in recent days he was having had extreme financial difficulties, Moore said.

One of the letters, intended for friends and marked "personal and confidential," detailed his financial transactions that resulted in "an unfortunate, downward spiral," Moore said.

"His narrative is one of talking about this tragedy befalling him and his contemplation of an available exit or solution," Moore said. "One is taking his own life and the other is taking the lives of his family and himself. ... He talked himself into the second strategy, believing that was in effect the honorable thing to do."

Moore said the several-page narrative appeared to have been written over a period of time. "This was something that was not a spur-of-the-moment type of event," he said.

Moore said it was clear to police that the family members were close and "had an affection for each other." He said the parents had given up their master bedroom to their eldest -- who was spending the weekend home from college -- "out of respect."

"This is a perfect American family behind me that has absolutely been destroyed, apparently because of a man who just got stuck in a rabbit hole, if you will, of absolute despair, somehow working his way into believing this to be an acceptable exit."

No neighbors reported having heard gunshots, and there was no sign of forced entry at the house, Moore said.

Rajaram was involved in a financial holding company as part owner "at least," Moore said.

There is no evidence he had had any history of mental difficulties, nor was there an indication he had sought counseling, Moore said.

Neighbor Trish Harrison, who lives three houses from the crime scene, said the family had lived in the community for about a year, but kept to themselves and had little interaction with neighbors. The parents were from India, she said.


The Los Angeles Unified School District was making arrangements for crisis counselors to visit the schools attended by the two younger sons....

07 Oct 2008 11:37

DO NOT BUY IMPORTED CHINESE FOOD PRODUCTS LIKE CHEESE, CHOCOLATES AND CONFECTIONERY ITEMS WHICH MAY BE FREELY AVAILABLE IN MALLS/SUPERMARKETS/RETAIL STORES. Even milk products made by multinationals may also be based on Chinese milk products and imported in India via gray market route. Citizens must take active steps to safeguard their health. Do not depend only on Govt for action when your/family health is at stake....

In reply to:

Tainted Chinese Food / Milk Items

Posted by : tally

Govt of India has banned all milk product imports from China due to grave health concerns. However these tainted / contaminated food and milk items imported from CHINA ARE BEING FREELY SOLD IN THE MARKETS.

07 Oct 2008 10:51

Gujarat is ahead of all states. That is the only state which has extremely industry favourable conditions & govt. policies. Gujarat govt. well knows the development & prosperity that is brought by the industry to a state. So, Gujarat stands always ahead....

07 Oct 2008 10:50

Govt of India has banned all milk product imports from China due to grave health concerns. However these tainted / contaminated food and milk items imported from CHINA ARE BEING FREELY SOLD IN THE MARKETS. ...

07 Oct 2008 09:38

Posted by : Girish A.
View full thread (1 messages)

Tracked by: 0 Boarder

Karnataka will be the ideal place for Nano beacuse Tata has already got its automobile mfg unit here, location is very suitable, convenient, near to pune, its on highway, railway facility is available Government and opposition are both interested....

07 Oct 2008 03:06

Ratan Tata has announced a complete pull-out from Singur for Tata
Motor’s Nano project.
�� Mukesh Ambani has increased his stake in RIL to 54.9% by
exercising an option to convert preferential warrants into equity
shares.
�� The government has approved Daiichi Sankyo’s plan to buy
Ranbaxy for up to US$4.6bn.
..
India and US were unable to sign the 123 agreement as India wants
US president to first sign the agreement.
�� The US House of representatives has approved US$700bn financial
bailout package.
�� SEBI is reportedly considering a proposal to ease the restriction
imposed last year which barred FIIs from holding more than 40% of
their assets in participatory notes.
�� Wholesale price based inflation came out at 11.99% for the week
ended 20th Sep, down 15bps WoW.
�� TCS reportedly is planning to buy Citigroup’s captive BPO arm
Citigroup Global Services for US$550m. (ET)
�� RIL has demanded oil bonds and upstream assistance like state-run
companies to restart its 1,500 petrol pumps across the country. (ET)
�� RIL is reportedly considering a merger of its different retail formats
in order to make the retail arm more efficient. (ET)
�� Dr Reddy’s locally developed diabetes drug could get substantially
delayed as Rheoscience, the Danish firm conducting phase III
clinical trials has run into a financial crisis. (Mint)
�� Allahabad Bank has shelved its Rs1.5bn right issue. (DNA Money)
�� Ind-Oil Overseas, the Mauritius based special entity floated by
IOC and Oil India Limited is reportedly looking for assets in CIS
and African countries. (BL)
�� ITC has set up wind energy project for its printing and packaging
business. (BL)
�� BSNL is planning to roll-out Wimax services early next year. (BS)
�� Future group is planning to foray into wholesale distribution
business. (BS)

...

06 Oct 2008 20:07

Zoombusiness, Could you please SMS ur mail ID or phone number to 09331055946. One of these days I would be looking out for someone to manage my portfolio...

In reply to:

Global Financial Scenario Continues To Be Worrie some

Posted by : zoombusiness

Sensex Down 6 Pct At 11775 As Global Financial Scenario Continues To Be Worrie some

06 Oct 2008 16:03

Praj\

Posted by : dmkpriya
View full thread (1 messages)

Tracked by: 0 Boarder

Why Praj Industries is on the downturn?..Fallen from 143 to 97 in a matter of 7 working days?...

In reply to:

Praj's income grows at 20%

Posted by : MMB Messenger

06 Oct 2008 16:03

Zoombusiness,

Can you name five good penny stocks below Rs 10 for me please. Thanks...

In reply to:

Global Financial Scenario Continues To Be Worrie some

Posted by : zoombusiness

Sensex Down 6 Pct At 11775 As Global Financial Scenario Continues To Be Worrie some

06 Oct 2008 16:00

Nomura Holdings, Japan\`s largest broker, said on Monday it would buy the Indian back-office units of collapsed U.S investment bank Lehman Brothers for an undisclosed sum -

R M India -...

06 Oct 2008 15:56

Sensex Down 6 Pct At 11775 As Global Financial Scenario Continues To Be Worrie some...

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