Saturday, September 21, 2013

Shareholders approve dissolution of Bangalore stock exchange

Shareholders approve dissolution of Bangalore stock exchange
Tamil NewsYesterday,

As was widely expected, the shareholders of the Bangalore Stock Exchange (BgSE) unanimously approved the "voluntary dissolution" of the 50-year-old regional exchange on Saturday. The Annual General Meeting, which was attended by 100 out of the 925 members, authorised the management to apply to the Securities and Exchange Board of India (SEBI) seeking its approval for the exit. "The formal letter to SEBI would be sent on Monday," said a senior BgSE official. Saturday's authorisation was a mandatory requirement, which would pave the way for the exchange's eventual exit.
C. Subramaniam, Chief Operating Officer, BgSE, told The Hindu that the AGM also decided unanimously to explore various options for the exchange company to enter into "non-exchange activities." It appointed a four-member steering committee, working under the company's board, to explore these options.

A top source said one option is for the exchange company to enter into the Non Banking Finance Company (NFBC) space, but this will depend on various "contingent approvals," primarily those pertaining to regulations of the Reserve Bank of India.

"The resolution was not unexpected because the exchange had become irrelevant because of the developments in the last two decades," said a participant at the AGM. He said trading on the regional exchanges had become "puny" because the larger exchanges such as the National Stock Exchange and the BSE dominate the scene. Moreover, the proliferation of online trading, especially those linked to the two major bourses, had affected the regional exchanges adversely, he said.

Ramalinga Raju, who was the president of the BgSE between 1993 and 1995, recalled that the exchange was the first in South India to start screen-based trading.

BgSE's subsidiary, BgSE Financials will continue as an "independent corporate broking entity," Mr. Subramaniam said.

Mr. Raju said the future course of action would depend on the decision of the sub-committee. If the company is unable to find a viable business activity to pursue, its assets would be distributed to shareholders, he said. This includes the BgSE's property on JC Road, which functions as its headquarters and a plot on Infantry Road, said a member.

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Ramnarine gathers support in bid for cricket chief election

Ramnarine gathers support in bid for cricket chief election

Tamil NewsToday,

Former West Indies Players Association (WIPA) president Dinanath Ramnarine appears to be gaining considerable ground in his bid to become Trinidad and Tobago's cricket chief.
A team led by Mr. Ramnarine which includes former national captain Daren Ganga has been attracting significant support in zonal elections currently underway.

The latest blow to current president Azim Bassarath's chances of being re-elected came this week when his Movement for Change lost representatives on the North Zone.

Mr. Ramnarine team of candidates won all six club representatives positions up for grabs during the North Zone poll for club representatives.

This most recent victory gives Ramnarine's team a seemingly unassailable lead of five zones against two after bagging the support of the South West, South, East and Central zones.

Presently, the Movement for Change has only mustered up two zones, the South East and North East; Tobago has not supported Bassarath and is unlikely to support Ramnarine.

All zonal AGMs are due to be completed by September 30, with the T&T Cricket Board's Annual General Meeting set for October 26.

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First Look: Akkineni's 'Manam'

First Look: Akkineni's 'Manam'

by vijigermany

First Look: Akkineni's 'Manam'

Ahead of the 90th birthday of veteran actor A. Nageswara Rao today, the first look of his family entertainer 'Manam' was unveiled on Thursday.
Directed by Vikram K. Kumar, the film features all the three generations of Akkinenis together.

Is the film Manam based on 'Back to the Future'?

The talk of tinsel town for some time now has been the coming together of the Akkineni family for 'Manam'. This ambitious film is being directed by Vikram Kumar. The shooting has already commenced and senior actor Akkineni Nageswar Rao has started working after a long period.

Sources close to the makers have revealed that 'Manam' is loosely based on the English film 'Back to the Future'. It is being said that Nagarjuna plays Naga Chaitanya's son and Nageswar Rao as son of Nagarjuna! It would be really interesting to see how these actors pull off these role reversals on screen.

Buzz is that Nagarjuna goes back from the future to help himself and his father. Some even say that the film is inspired by the popular children's cartoon 'Doremon', in which the grandchild sends back his pet robot to help his father and himself.

Back to the Future has already been remade in Bollywood in recent times with Akshay Kumar and Aishwarya Rai in the lead as 'Action Replay'. But the film did not fare well at the box office.

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World Alzheimer’s Day 2013: 6 movies portraying Alzheimer’s disease

World Alzheimer's Day 2013: 6 movies portraying Alzheimer's disease

Whenever we hear about an old age relative being affected by any form of dementia, we feel sorry for both the patient and the caregiver. Its onset can come as a rude shock, as the person affected may have been a normal, fully functioning and highly productive person before being affected.

Movies can help us see closely how human nature reacts when such a tragedy happens, and thus sensitize us more to the disease. Today, on World Alzheimer's Day, we give you a list of movies that explore the impact the disease has on different kinds of people, in different cultures and environment.(Read more: Symptoms and diagnosis of Alzheimer's)

Black

This 2005 film by Sanjay LeelaBhansali, is a tragic story about a blind and deaf student and her teacher. DebrajSahai, played by Amitabh Bachchan raises the young Michelle McNally, played by Ayesha Kapur, and brings her out from her protected world and teaches her the ways of life.Towards the end of the movie- we are shown that the girl who couldn't speak, listen or see has finally graduated. But, tragically her teacher, is old and sick with Alzheimer's and can't even talk properly.

The Notebook

Based on Nicholas Spark's novel of the same name, the story follows an old formula for romantic cinema- that of a rich girl falling in love with the poor boy. The couple, Noah and Allie, played by Ryan Gosling and Rachel McAdamsfall in love at first sight but are separated due to the class differences between them. Years later, they are reunited when Allie reads a news piece about Noah. Still, due to circumstances they are separated.

The reason the movie is called The Notebook, is because Allie has written down her memories in the notebook and when she has Alzheimer's as an old woman- she hears the whole story from her husband, and remembers Noah.

Away from her

The movie based on Alice Munro's short story, 'The bear came over the mountain'is about a happily married retired couple whose relationship is tested when the wife is diagnosed with Alzheimer's.

Grant and his wife Fiona, played by Gordon Pinsent and Julie Christie mutually agree that it is best if Fiona checks into a nursing home where she can be taken care of by experts. For the first one month, Grant is not allowed to meet his wife because of the hospital's policy. However, when he returns he sees that things have changed. Fiona has forgotten her husband, and fallen in love with another man in the hospital called Aubrey, played by Michael Murphy.

Unhappy with this development, Grant becomes a voyeur observing his wife from a distance. After some time though, Aubrey's wife takes him from the hospital due to financial reasons and Fiona starts missing him and is depressed. Touched by his wife's sadness, Grant then visits Aubrey's wife in an effort to get Aubrey back into the hospital and see his wife happy and eventually, he succeeds.

U, Me Aur Hum

This movie enacted by real life couple, Ajay Devgn and Kajol marked Devgn's debut as a director. After a lot of efforts, Ajay Malhotra, played by Devganis finally able to marry PiyaSaxena, played by Kajol. However, their happiness is short lived as Piya starts to forget where her house is while shopping and starts screaming for help. Ajay finds her and takes her to a hospital where they find that she has Alzheimer's and that she is pregnant. Pregnancy forces Ajay to keep a close eye on his wife so that she doesn't hurt the baby. Later, the baby is born and Piya's condition worsens.(Read: 'Alzheimer's is no more an old age condition')

Ajay, then sends her to a nursing home but soon realises his mistake and brings her back. After that, he learns to love her and take care of her and together they celebrate their 25th anniversary on a cruise.

Iris

Iris is a true story about novelist Iris Murdoch's life. Murdoch known for novels like Under the net and The Sea, was diagnosed with Alzheimer's in 1995, when she was 76 years old.

The movie follows the story of Iris and her husband, John Bayley right from their youthful years at Oxford to their struggle with Alzheimer's in old age. The younger version of the two characters were played by, Kate Winslet and Hugh Bonnville whereas Judy Dench and Jim Broadbent played the older versions of Iris and John.

A Song for Martin

Another love story, A song for Martin is a story of two already married musicians, Martin and Barbara, played by real life couple Sven Wolter and Viveka Seldahl, falling in love and divorcing their respective partners to start a life together. Martin, who is a composer and Barbara, who is a violinist get married and head for a passionate honeymoon to Morocco.

However, the life of romance that they choose doesn't go as well when five years later, Martin is diagnosed with Alzheimer's. Despite his condition, Barbara is shown trying hard to rekindle his memories and sometimes even getting angry at him. It's an honest film about Alzheimer's and unlike most films this one doesn't fall into the trap of showing a happy ending or a flashback of happier times for the viewers to feel hopeful. (Also read: Mental illness portrayed onscreen)

 For more articles on diseases and conditions, check out our diseases & conditions section and for videos, check out our YouTube Channel. 

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