Sunday, 4 June 2017

Champions Trophy 2017: India to play Pakistan today

India and Pakistan play each other in their opening match of the ICC Champions Trophy 2017. With normal cricketing ties between the two teams being frozen, the fixture has become almost an exclusive even in ICC tournaments and is one of the most awaited matches this year. But it seems rains may play spoilsport as the weather forecast for Birmingham at the time of the match is rains.

The match starts at 10:30 AM local time. According to weather.com, there is a 40 percent chance of rains at that time. Rains have been a bit of a menace and both teams have already experienced rains interfering in matches. India was declared winners of their warm-up match against New Zealand after it could not carry on due to rains. Pakistan’s warm-up match, on the other hand against Australia, had to be called off after less than 12 overs were bowled. Australia’s match against New Zealand was also abandoned due to rains.

With bilateral cricketing ties between India and Pakistan being on freeze mode, this is the first time in two years that India and Pakistan play each other in any format of the game.

New Song “Nach Meri jaan” from ‘Tubelight’ is a tribute to brothers I Vanillanews

New Song “Nach Meri Jaan” from ‘Tubelight’ is a tribute to brothers

If Salman Khan is Aladdin, Sohail Khan is his djinn. If Salman Khan needs someone to complete him, it is Sohail Khan. In Tubelight, the Khan brothers transform into Bisht brothers, the Captain, and his Bandhu. The film’s latest song Naach Meri Jaan is a celebration of this brotherhood or Bhaihood as Salman and Sohail call it. Starring Salman and Sohail Khan, this track has been composed by Pritam and has been penned by Amitabh Bhattacharya. Salman Khan shared the song when he wrote, ” #NaachMeriJaan Laxman our Bharat Ka Saath Celebrate Bhaihood,” while director Kabir Khan wrote, “The Bisht brothers are bringing out their Bhaihood in #NaachMeriJaan.”

The song gives a peek into the relationship of Laxman (played by Salman) and Bharat (Sohail’s character) relationship. It is going to be an emotionally fraught journey but this is a happy song. As Salman told the press earlier, “I am a limited performer and everybody knows that, but because Sohail was playing my brother, maybe that’s why I was feeling very emotional (during shooting) … in fact, during the dubbing of the film also, being a grown up man, my tears were coming up… it was really bad! And coming from us (Pathans) is really bad.”

Earlier, Salman celebrated this Bhai hood when he took to Twitter and shared a childhood pic with Sohail, he wrote, “Bandhu @SohailKhan our Captain ca Bhaihood.” We have seen the two brothers working together earlier as well but Tubelight sure looks special. In fact, Salman Khan had said that he was in tears while he was dubbing emotional dialogues about his brother in the film.

Friday, 28 April 2017

Incredible India: Court summons a person through WhatsApp

Incredible India: Court summons a person through WhatsApp I vanillanews

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Treating a mobile phone number as owner’s address, a court in Haryana, first time in Indian legal history, summoned a person on instant messaging mobile application WhatsApp. And this has put the state’s senior bureaucrat Dr Ashok Khemka in the limelight again. Khemka is the second most transferred officer of the state.

Ashok Khemka, currently serving as the financial commissioner, while hearing a property dispute case in the court of the financial commissioner, ordered to serve the summons on Whatsapp as the person being summoned had refused to share his exact address and lives somewhere in Kathmandu, Nepal.

Section 62 of the Code of Civil Procedure requires that the summons be served personally to the person by delivering or tendering to him one of the duplicates of the summons. He is also required to receive the summons but in this case the defendant had just shared his mobile number.

When Dr Khemka was informed that one of the parties was not sharing his address, he ordered to summon him on WhatsAppSatbir, Ramdiyal and Krishan Sharma are brothers who had disputed their family property located in a village in Hisar district.

Revering to order V, Rule 9 (2) of the CPC which specifies that summons may be sent in such manner as the Court may direct and in Rule 9(3) any other means of transmission is provided, the court directed that a clear image of the summons notice bearing the seal of the Court shall be sent to respondent Krishan Sharma who lives in Kathmandu.

The court, in addition, as per the provisions of section 20(2) of the Punjab Land Revenue Act, 1887 read with Order V Rule 17 of the CPC, also directed to paste a copy of the summons on some conspicuous place in or near the joint land holding and the house in the village where Krishan Sharma resided before moving out.

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BCCI rejects ICC’s $390 mn, India might pull out of champion’s trophy I vanillanews.com

BCCI rejects ICC’s $390 mn, India might pull out of champion’s trophy

VANILLANEWS

With India’s Champions Trophy participation in doubt, the International Cricket Council (ICC) is still willing to pay the BCCI $100 million more than the original share from the revamped revenue model.

According to a senior BCCI official present in Dubai, the ICC has not yet withdrawn its offer of $390 million — nearly 100 million more than the original $293 million.
The offer, which came from ICC chairman Shashank Manohar, was originally rejected by the BCCI.

“We have told them (ICC) that we will place their offer before the BCCI’s General Body and get back to them. ICC officials have in fact told us that if we agree to $390 million, they will get it ratified at a Board Meeting in May,” a senior BCCI office-bearer told PTI on Thursday.
However, some of the other officials present in Dubai feel that the final offer should be $450 million with no change in governance structure.

“In fact, Amitabh told the members that if you can climb up to $450 million, I can take the offer back to my Board and convince them. But Shashank Manohar was in no mood to budge,” the source said.
It is expected that many of the 30 voting members of BCCI, at its upcoming SGM, will be overwhelmingly voting in favour of a pull-out from Champions Trophy.

“At this point pull-out is an option. The middle path is if they are ready to go up to $450 million since they were initially ready to pay $390. Also, no change in governance structure,” he reiterated.
The BCCI was outvoted 1-13 at ICC Board Meet where Manohar’s formula of abolishing the ‘Big Three’ model was accepted.

BCCI’s earlier share of $571 million was curtailed to $293 million with Australia not losing out on anything and England’s loss being minimal.

The BCCI is also eagerly waiting to know the stance of Star Sports, which has given ICC a huge broadcast deal for the Champions Trophy.

“Will Star Sports give them the same deal that they would give if Virat Kohli vs Mohammed Aamir or Mitchell Starc vs MS Dhoni contest doesn’t take place?” the official questioned.

A cursory glance at the earlier model would tell why Australia and England, other proponents of ‘Big Three’ model, ditched India.

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Vinod Khanna passes away at 70 I vanillanews

vanilla news I Vinod Khanna passes away at 70 I vanillanews.com

VANILLANEWS

Vinod Khanna, one of Hindi film industry’s leading men in the 1970s, and a Member of Parliament passed away on Thursday morning. He was 70.

“He breathed his last at 11.20 am due to advanced bladder carcinoma,” said a statement released by the Sir HN Reliance Foundation Hospital, Gurgaon, Mumbai. Khanna has treated at the hospital a few weeks ago for extreme dehydration.

In 1968, Sunil Dutt offered him a role in ‘Man Ka Meet’ and a 22-year-old Khanna embarked on a career in Hindi films. While he played villainous and supporting roles, in the beginning, he was lauded for his performance in Gulzar’s ‘Mere Apne’ (1971) and ‘Achanak’ (1973).

His looks also brought him an ardent fan following — he was that rare actor who could make any kind of a mustache or a police uniform look good. He stood out in multi-hero films such as Amar Akbar Anthony (1977), Muqaddar Ka Sikandar (1978), and Qurbani (1980), and was one of the highest paid actors of that time.

But at the height of his powers, in 1982, Khanna quit the industry to join Bhagwan Rajneesh and the Osho commune. The media called him “Sexy Sanyasi” when he traveled all the way to the United States to live at Rajneeshpuram, a city created by Osho devotees in Wasco County, Oregon.

Five years later, he returned to films with ‘Insaf’ and ‘Satyamev Jayate’, which struck gold at the box-office. Yash Chopra’s ‘Chandni’ (1989) and Mahesh Bhatt’s ‘Jurm’ (1990) followed.

Around that time, Khanna also made a splash on the small screen, with an advertisement for Cinthol soap, where he outshone a black stallion by running alongside it on the beach.

In 1997, he launched his son Akshaye in ‘Himalaya Putra’, and joined the BJP; he was elected from Gurdaspur constituency in Punjab. Khanna’s last screen appearance was in Rohit Shetty’s ‘Dilwale’ (2015).
Khanna was married twice — first, to Geentajali Taleyarkhan from 1971-1985, and had two sons with her, actors Rahul and Akshaye. He married Kavita Daftary in 1990 and had two children, a son Sakshi, and a daughter Shraddha. All four were present at the funeral at Worli crematorium last evening.

Actor Kabir Bedi was one of the first to arrive at the crematorium before Khanna’s body was brought in at 5.20 pm. His co-stars from ‘Amar Akbar Anthony’, Rishi Kapoor and Amitabh Bachchan paid their respects, as well. Bachchan was accompanied by his son, Abhishek.

Other personalities from the film industry who were present for the last rites included Gulzar, Jackie Shroff, Ramesh Sippy, Randhir Kapoor, Arjun Rampal and Chunky Pandey.

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Wednesday, 26 April 2017

S Chand IPO to come in market today, all you need to know I vanillanews

vanillanews I S Chand IPO to come in market today, all you need to know

S. Chand and Co. Ltd, a publisher of educational books, on Wednesday announced that it will launch its initial public offering (IPO) on 26 April.

The company has fixed a price band of Rs660-670 per share for its initial share sale. The offer will close on 28 April.

Everstone Capital-backed S. Chand delivers content, solutions and services across the education lifecycle, serving the K-12, higher education and early learning segments.

The firm has appointed investment banks JM Financial Institutional Securities Ltd, Axis Capital Ltd and Credit Suisse Securities (India) Pvt. Ltd to manage the share sale.

It had filed its draft IPO prospectus with markets regulator Securities and Exchange Board of India (Sebi) on 16 December and received approval in early March.

The IPO will see the company raise Rs325 crore in primary capital. Additionally, existing shareholders of the company, including Everstone Capital, will collectively sell around 6 million shares worth Rs403.5 crore, taking the total IPO size to Rs728.5 crore. Everstone holds 32.27% stake in the company.

Out of the primary proceeds, the company will spend Rs255 crore to repay debt, said Samir Khurana, group head, strategy and investments at S. Chand.

S. Chand is looking to repay loans availed by it and its subsidiary Eurasia Publishing House Pvt. Ltd, which were utilized towards funding the acquisition of Chhaya Prakashani Pvt. Ltd. The company will repay some loans availed by other subsidiaries such as New Saraswati House (India) Pvt. Ltd and Vikas Publishing House Pvt. Ltd.

In December 2016, S. Chand acquired 74% stake in Chhaya Prakashani adding four Chhaya brands to its portfolio.

As of 31 December, the company offered 55 consumer brands across knowledge products and services including S. Chand, Vikas, Madhubun, Saraswati, Destination Success and Ignitor.

Inorganic growth through acquisitions is a strategy that S. Chand has frequently preferred in the past too.

In financial year 2012-13, S. Chand acquired Vikas Publishing to bolster its offering in Hindi titles, while in the financial year 2014-15, it acquired New Saraswati House.

“We will continue to look to grow through the inorganic growth route in the future too. The company has spent close to Rs460 crore on acquisitions in the past,” said Khurana.

Apart from the acquisitions, S. Chand has also invested around Rs33 crore to acquire minority shares in early-stage digital education companies, said Khurana. “We will continue to assess such investments in digital platforms,” he added.

According to its red herring prospectus, S. Chand recorded consolidated revenue of Rs540.6 crore in 2015-16, against Rs478.5 crore in the previous year. In 2015-16, it reported a profit of Rs46.6 crore against Rs32.7 crore the previous year.

The company’s consolidated revenue has grown at a CAGR of 33% over the past five financial years, from Rs174.6 crore in fiscal 2012 to Rs540.6 crore in fiscal 2016.

According to Khurana, the company’s revenues are seasonal and almost 75% of it comes in the fourth quarter due to the large contribution of the K-12 business segment where sales of new books occur in the January-March quarter ahead of the start of the new academic year.

So far this year, five firms have raised Rs4,185.91 crore through the IPO route, according to data from primary market tracker Prime Database. In 2016, 26 firms raised Rs26,493.8 crore through IPOs, data shows.

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Farhan Akhtar gets divorced I vanillanews

vanillanews I Farhan Akhtar gets divorced I vanillanews.com

Vanilla News

t came as a shock in January 2016 when Bollywood actor-director-singer Farhan Akhtar announced that he and his wife Adhuna plan to go separate ways after 15 years of marriage. Now, almost 18 months after the announcement, a Bandra family court reportedly granted divorce to the former couple on Monday.

A Mid Day report claimed on Tuesday that principal judge MM Thakare granted the bail to Adhuna and Farhan at aa Bandra family court. “The divorce by mutual consent was allowed… by the family court in Bandra,” Farhan’s lawyer Fazaa Shroff-Garg told the tabloid.

Hairstylist Adhuna Bhabani got the custody of their two daughters Shakya and Akira, while Farhan has access to the kids whenever he wants, the report added.

Farhan and Adhuna had their first counselling session on November 15 2016, after filing for divorce on October 19.