ICICI Bankrupt rumour are baseless

There are so many rumour spreading among people that's ICICI bank got bankrupted and they have no many in there balance sheet. All this rumours are baseless which are increasing panic among Indian people and all rushing to ICICI bank branches and there ATM to take out the money from there account. A bank also said they are aware about that rumours are being repeatedly circulated regarding the financial strength of the bank. These rumours, the bank states, are baseless and malicious.

No one could pinpoint the origin of the rumour but sources said that a mention of the bank going bankrupt had appeared in a vernacular newspaper and that could have triggered the rumour. Meanwhile, Kalpana Morpariya of ICICI Bank said that these were just rumours and the bank was not in any sort of financial problems.

To ally any concern among the bank’s customers, the bank reiterates that:
• ICICI Bank has a very strong capital position, having proactively raised Rs 20,000 crore (about $5 billion) in June 2007, almost doubling its capital base. It has a net worth of over Rs 47,000 crore (i.e. over $10 billion) and a capital adequacy ratio of 13.4% at June 30, 2008, as against the regulatory requirement of 9.0%. This is among the highest levels of capital adequacy in large Indian banks. This reflects the healthy capital position and comfortable level of leverage. Its banking and non-banking subsidiaries are also well-capitalised.

• ICICI Bank has consolidated total assets of over Rs. 484,000 crore (over $105 billion), which is diversified across a wide range of asset classes in India and overseas.

• ICICI Bank is profitable. It made a profit after tax of Rs. 4,158 crore (over $900 million) in FY2008 and Rs. 728 crore (over $155 million) in the first quarter of this year. This was due to the strong core performance, which more than offset the impact of adverse debt and equity market conditions in India and globally since the second half of FY2008.

Reliance will save 90,000cr per year for India from import.

This is the big news for Indian economy that RIL has started first commercial flow of oil from one of Reliance concessions in the Krishna-Godavari basin. Reliance has said that total oil and gas produced by it in the next 18 months would save some $20 billion (about Rs 90,000 crore) a year in imports, it would also save subsidy by providing a cheap ingredient for making fertilizers.

While Reliance became the first company to produce oil from an auctioned acreage deep under the sea, CEO of the company's exploration and production business, P M S Prasad, said gas from the acreage would commercially flow "not before January 2009". He said the oil from the acreage was of high quality and was being benchmarked to Bonny Light and Tapis crudes that are considered "sweet" and command a premium.

Mukesh Ambani, chairman of the group, said the D6 block is producing 5,000 barrels per day of oil now and will reach a peak of 5,50,000 barrels of oil equivalent per day in 6-8 quarters. "This will account for 40% of the country's current hydrocarbon production," Ambani said.
This discovery will also have a huge impact on the gas pipeline infrastructure in the country. Mukesh Ambani looks at gas distribution networks to drive usage of KG basin gas. So in the next few months, one can expect more action on the city gas distribution front and policy roadmap for gas pricing at market determined prices.
Hope this discovery from Reliance would help country to use saved money from import to utilize in infrastructure development of India.

Nation Hero Mohan Chand Sharma Died

India has lost one of his hero Mohan Chand Sharma Delhi Cop today in encounter with terrorist in Delhi, he was injured with four bullet in his body.Mohan Chand Sharma, inspector of the Delhi Police Special Cell who was critically injured during an encounter with Delhi blasts-linked terrorists, died in a hospital on Friday evening.Forty-one-year-old Sharma, a highly decorated officer who received three bullet injuries in his abdomen, thigh and right arm in the gunbattle at Jamia Nagar in South Delhi. A recipient of seven gallantry medals, Sharma, who had led the police team against the terrorists wanted in connection with the Delhi and Ahmedabad blasts, underwent an operation to remove the bullets from his body.

We should pray for his soul and his family.

CERN: Creating big bang on earth

The European Organization for Nuclear Research known as CERN is the world's largest particle physics laboratory, situated in the northwest suburbs of Geneva on the Franco-Swiss border. The organization has twenty European member states, and is currently the workplace of approximately 2600 full-time employees, as well as some 7931 scientists and engineers (representing 500 universities and 80 nationalities).

"CERN" originally stood for "Conseil Européen pour la Recherche Nucléaire" (which is french for "European Council for Nuclear Research"). The name was changed into European Organization for Nuclear Research shortly after it was founded, nevertheless the "CERN" abbreviation was kept as it had been widely accepted.

Its business is fundamental physics, finding out what the Universe is made of and how it works. At CERN, the world’s largest and most complex scientific instruments are used to study the basic constituents of matter — the fundamental particles. By studying what happens when these particles collide, physicists learn about the laws of Nature. The instruments used at CERN are particle accelerators and detectors. Accelerators boost beams of particles to high energies before they are made to collide with each other or with stationary targets. Detectors observe and record the results of these collisions.

CERN’s scientific-research facilities—representing the world’s largest machines called Large Hadron Coliider (LHC), particle accelerators, dedicated to studying the universe’s smallest objects, subatomic.

What is Large Hadron Collider (LHC)?

The Large Hadron Collider (LHC) is a gigantic scientific instrument near Geneva, where it spans the border between Switzerland and France about 100 m underground. It is a particle accelerator used by physicists to study the smallest known particles – the fundamental building blocks of all things. It will revolutionise our understanding, from the minuscule world deep within atoms to the vastness of the Universe.

Two beams of subatomic particles called 'hadrons' – either protons or lead ions – will travel in opposite directions inside the circular accelerator, gaining energy with every lap. Physicists will use the LHC to recreate the conditions just after the Big Bang, by colliding the two beams head-on at very high energy. Teams of physicists from around the world will analyse the particles created in the collisions using special detectors in a number of experiments dedicated to the LHC

What is the aim of LHC?
The aim of the 4.4 billion-pound (over $7.7 billion) experiment is to recreate the conditions that existed a fraction of a second after the Big Bang - the birth of the universe - and provide vital clues to the building blocks of life. It will track the spray of particles thrown out by collisions in a search for the elusive Higgs Boson, a theoretical entity that supposedly lends weight, or mass, to the elementary particles. So important is this mysterious substance that it has been called the "God Particle".
Scientists also hope to shed some light on the invisible material that exists between particles - dubbed "dark matter" as no one knows what it really is - which make up most of the universe.

What it will do?
Scientists plan to smash particle beams together at close to the speed of light inside CERN's tightly-sealed Large Hadron Collider to create multiple mini-versions of the primeval Big Bang, which occurred about 13.7 billion years ago and led to formation of stars, planets -- and eventually to life on earth.
"Each collision of a pair of protons in the LHC will release an amount of energy comparable to that of two colliding mosquitoes, so any black hole produced would be much smaller than those known to astrophysicists."

What is it for?

Due to switch on in 2007, the LHC will provide collisions at the highest energies ever observed in laboratory conditions and physicists are eager to see what they will reveal. Four huge detectors � ALICE, ATLAS, CMS and LHCb � will observe the collisions so that the physicists can explore new territory in matter, energy, space and time. A fifth experiment, TOTEM, installed with CMS, will study collisions where the protons experience only very small deflections.

Inside Google Chrome

Finally much awaited Google web browser Chrome has been launched on Tuesday 2nd October. The day from which i hear about Chrome i was waiting to download it. i wanted to see how its interface and how much it is differ from Internet explorer. It took me around 1 hour to download Google chrome on my laptop, it is only due to my slow Internet connection. I was so eager to download it that i slept around 3.30 am IST on that night. Finally i downloaded it.

Its totally different experience than Microsoft Internet explorer and Chrome is much faster than explorer. I found many new thing in Chrome.On the home page you can find all sites which you visited last while surfing, it keeps snapshot of it.

There is one new tab in Chrome called incognit means pages you view in this window won't appear in your browser history or search history, and they won't leave other traces, like cookies, on your computer after you close the incognito window.

One of the good thing about chrome is that it is open source means you can see the source code of the browser and you can also modified it.One of this feature of Chrome make it different from Microsoft Internet explorer. One side Google is coming with open source idea on the other side Microsoft doesn't want to share anything.

Google has also provided Java console to make change in the Browser which make it simpler for any changes if anyone wanted to do as per the need.

There is one task manger of Google Chrome, which is the feature you would not find in any web browser. In that task manager you can check how much memory is being used by browser for every tab. There is also CPU utilization in that task manager and if anyone to do check more information regards memory and CPU that can be checked into the nerd option which provide analysis about memory utilization.

All this feature of Chrome make it different from other web browser available in the market and still it is Beta version of it. Hopefully Google bring new thing and improved version in final edition of Chrome.

Google Internet Web Browser : CHROME

Google now coming up with internet browser. Chrome is the name of new Google web browser which google launching on Tuesday. New browser will have to compete with Microsoft and Firefox. This will be the latest assault on Microsoft. Microsoft Internet explorer shares 80% of web browser market.

Google confirmed the launch in the blog and said: “We can add value for users and, at the same time, help drive innovation on the web. We realised that the web had evolved from mainly simple text pages to rich, interactive applications and that we needed to completely rethink the browser. What we really needed was not just a browser, but also a modern platform for web pages and applications, and that’s what we set out to build.”

New browser is designed to be lightweight and fast, and to cope with the next generation of web applications that rely on graphics and multimedia. It will launch as a beta for Windows machines in 100 countries, with Mac and Linux versions to come.

Chrome is open source web browser which Google describes as using components from Apple's WebKit and Mozilla's Firefox. It will also vitally integrate the brilliant Google Gears for offline working and a brand new JavaScript engine, 'V8', which it claims will "power the next generation of web applications that aren't even possible in today's browsers".


Google new product will now make Microsoft to rethink and come up with new strategy. They are already facing big competition from Google on Internet market. Its seems that browser will heat up again with new competitor in market.