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Friday, December 14, 2007

Google regrets for accidentally banning Gmail Accounts

Dec 12: The search engine leader and Internet giant Google Inc has expressed regret over allegedly disabling a few Gmail accounts in qualm of conflicting spammers. Google apologises to its users for restricting their Gmail account in its official website
“I understand that some of you have had a frustrating experience with your accounts being inappropriately disabled. Our team is aware of the problem, and our engineers are investigating this matter,” said Google in its website.
Google has also thanked the users for brining this problem before the Google engineers’ team by posting complaint on Gmail Help Forum. “Thanks for bringing this to our attention,” added Google.
The problem began late on December 05, when several of the Gmail users could not open their account or found that their mail could not reached to its destination instead it bounced backed. Some of them had posted written complaint on Gmail Forum and put the problem in front of Google staff.
The employees who monitor the forum came to know what’s the real problem is all about and later on December 06, they had sorted out the problem and regret in its ‘Gmail Guide’ declaring that things will be back to normal.
“Our efforts to prevent breaches of our Terms of Use (policy) caused a number of users to be incorrectly identified. This most meant as spammers or other abusive users,” said Google in its Gmail Guide.
Explaining the situation, Google trouble shooting team clarified, “It was the result of an effort by Google to bar such users from the Gmail service. Users whose accounts were disabled by mistake should have regained access to them by that point, without losing any of their account data.”
Accepting its mistake, Google also praised the regular performance of its employee, “Our engineers work diligently to combat spammers …. With this in mind, our engineers have built a monitoring system to minimise the impact that some of you ended up feeling.”
Though Google has not released in numbers that how many users suffered through this problem, but it seems only few consumers out of massive Google users faced the problem.

By Shamsheer

PSU MFs to handle Postal schemes


In a move that might lead to greater investment in the country’s stock markets, the Union Cabinet on Thursday appointed two public sector mutual funds — UTI Mutual Fund and SBI Mutal Fund — as managers for investment of Post Office Life Insurance Fund (POLIF) and Rural Post Office Life Insurance Fund (RPOLIF).

Briefing newspersons after the Cabinet meeting, Finance Minister P. Chidambaram said that the PSU fund managers were expected “to follow safe and conservative investment policies” for the funds mopped up largely from rural areas.

Asked whether a part of the funds so raised could be directed to the stock market, Mr. Chidambaram said it was up to the fund managers to decide.

While POLIF has a corpus of Rs. 8,934 crore, the money raised through RPOLIF stood at Rs. 1,625 crore as on March 2006. “Much of this money has already been invested, but the MFs will manage the accumulated funds,” he said.

Better returns

Formulated on the lines of the National Investment Fund (NIF) corpus that has been entrusted to three PSU managers, Mr. Chidambaram said the move to permit SBI and UTI MFs as fund managers was following the Department of Post’s decision to invest funds in a manner that would fetch better returns to the investors.

The Cabinet also approved the setting up of an investment board for formulating policy guidelines and an investment strategy for the postal funds.

According to an official statement, a Chief Investment Officer (CIO) with the rank of Additional Secretary is to be appointed along with four Directors for managing and devising day-to-day strategies for these investments.

By Shamsheer (H)

Spice launches SMS service in 12 Indian languages

BANGALORE: Spice Telecom, Karnataka's oldest cellular provider, on Thursday announced the launch of `Spice Local Lingo', a messaging service that enables a consumer to send and receive SMSs in 12 Indian langauges. The new offering was launched by the Spice's Brand ambassador and leading Bollywood star, Priyanka Chopra. The service can be downloaded on all Java-enabled phones and allows a user to choose from 12 Indian languages, Kannada, Hindi, Oriya, Punjabi, Tamil, Telugu, Malayalam, Marathi, Assamese, Gujarati, Bengali and Urdu, Rakesh Singh, COO, Spice Karnataka told reporters today. "A subscriber could with a GPRS connection could downlaod it from the spice portal or can SMS the key word `SLL' to 56199 ", he said. The language service can be enabled by using the language specific soft keypad that would be installed once the software is downloaded.Using the message edit box the user could compose the message and sent it as a normal text SMS. He can also use the picture SMS in case the person the message has been sent to does not have the special 'langugage facility on their mobile phone. The charges for the service is a one time download charge of Rs 20 per language plus a monthly subsrciption cost of Rs five per language. As an inaugural offer, SMS charges in Spice Local Lingo will cost 50 paise. The service is powered by Geneva Software Technologies. "The new offering was targetted at mass consumers keen in sending SMS in their own lingo and at those who were not comfortable with English", he said.

By Shamsheer (ET)

Rupee climbs on capital inflows


The rupee climbed to its highest close in nearly a month on Friday, driven by strong capital inflows into the fast-growing economy, though sporadic central bank intervention limited gains, dealers said. The partially convertible rupee ended at 39.34/35 per dollar, its strongest finish since November 19, and up from the previous close of 39.395/405. It hit 39.16 last month, its strongest since March 1998. "There were strong flows from a single bank today, which put a lot of upward pressure on the rupee," said a dealer with a state bank. "But the central bank was there to see that the rupee did not appreciate too fast." Reserve Bank of India bought a record $12.544 billion in intervention in October to slow down a rising rupee, which has gained about 12 per cent this year, data showed on Friday.
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The Reserve Bank of India bought $64.5 billion in intervention in the first ten months of the year and is widely seen as having played an active role in the rupee market in November and December too. RBI will continue to allow greater flexibility in the foreign exchange market but will also intervene to keep the rupee stable, Deputy Governor Rakesh Mohan said on Thursday.

ICICI, IL&FS, Kotak pick up 9.55 pc stake in MCX

MUMBAI: Financial Technologies, parent company of Multi Commodity Exchange, today said leading banking and financial services groups ICICI, Kotak and IL&FS have picked up 9.55 per cent stake in MCX, at an enterprise value of up to 1.1 billion dollars. ICICI Group has picked up a 3.5 per cent stake in the country's largest commodity exchange, while Kotak and IL&FS have acquired five per cent and one per cent respectively, the company informed the Bombay Stock Exchange. "This milestone is a testimony of the quality of the institute we have built in and from India where the global and domestic best have converged," MCX Managing Director and CEO, Jignesh Shah said. The transactions valued MCX at one billion dollar to 1.1 billion dollar, the communique said. Other shareholders in MCX include Fidelity International, State Bank of India, State Bank of Hyderabad, State Bank of Indore, State Bank of Saurashtra, State Bank of Patiala, State Bank of Travancore, State Bank of Mysore, State Bank of Bikaner & Jaipur, SBI Life Insurance Co Ltd, HDFC Bank, National Stock Exchange, NABARD, Canara Bank, Bank of India, Union Bank of India, Bank of Baroda and Corporation Bank. Earlier this year, Merrill Lynch and Citigroup bought a five per cent stake each in the exchange. Financial Technologies is the parent firm of the Multi Commodity Exchange. Financial Technologies closed at Rs 2600.80, 2.81 up per cent at the BSE

By shamsheer (ET)

Trespass case against Sania


A trespass case has been registered against tennis player Sania Mirza and the advertisement agency, which shot a film with her on the Mecca Masjid premises here, according to Charminar Assistant Commissioner of Police B. Reddenna.
The Masjid Welfare Committee filed a police complaint on Tuesday seeking action against the agency and Ms. Mirza for shooting on the masjid premises without permission. Initially, the police maintained that the masjid, being a historical monument, people went inside and took pictures. However, on Thursday the police registered a case under Section 448 of the IPC.
Ms. Mirza, now in Bangalore, tendered an apology to the Imam on Thursday.
She said: “It is with a deep sense of remorse that I would like to apologise to all my brothers and sisters and respected elders, who have been anguished by my unwittingly entering a portion of the land belonging to the Mecca Masjid, while filming the Charminar with the intention of promoting the heritage monument, which is symbolic of our city.
“While I am fully aware that a woman must not enter the sanctity of the mosque, I was unaware that even entering the outside gates was seriously objectionable, especially without permission, which I was assured by the agency they possessed. However, I would like to unequivocally render my apology to all my brothers and sisters for hurting their sentiments.”
A copy of the letter was released to the media.

By Shamsheer (HIndu)

Admission to nursery classes: SC stays regulation

New Delhi :

The Supreme Court on Friday stayed the regulation requiring prior approval from the Directorate of Education (DoE), NCT on the criteria for admission to nursery classes by private schools in the national capital and gave more scope to schools for interaction with parents.
The apex court also stayed the guidelines which required informal interaction of parents and guardians for verifying the veracity of the documents with the school management.
It said this guideline will mean interaction with parents and guardians. In a sense, it means that the interaction will not be limited and would have more scope.
A Bench headed by Chief Justice K G Balakrishnan also said the schools can have their separate time schedule for starting the admission process but have to complete as per the regulations by March 15.
It also said the time schedule has to be informed to the Directorate of Education within a week and has to be published on the websites of the respective schools.
Meanwhile, on the issue of age criterion, the apex court refused to stay the Delhi High Court order which had fixed five year as the age for admission to class I.