The Indian rupee is likely to be fell by 42 paise to a fresh two-year low level of Rs 48.23 against the US dollar in the early trade on Tuesday. Amid weakness of the euro as worries is over the European debt crisis deepened on the  following Standard & Poor’s downgrade of Italy’s sovereign rating.

Dealers have said a short slide in the euro against the US dollar after the ratings agency Standard & Poor’s slashed Italy’s rating had put up the pressure on the rupee, but a higher opening in the equity market that have limited the losses too.


On the week starting(monday), the indian rupee had tumbled by 55 paise to be close out  at a fresh two-year low of Rs 47.81/82 which is against the American currency that is on strong demand for the greenback as a safe haven investment amid the global worries.

The Pentagon has likely said that the military is adequately prepared for the official lifting of the legal ban on gays serving openly. Press secretary George Little said on Monday that the ban will end at one minute after midnight in the country. At that time, revised defense department regulations will take over effect, to reflect out the new law that will allow gays to serve openly and peacefully.

President Barack Obama signed out the law last December, and in July he certified that the lifting of the ban will not diminish the military’s ability to fight. George Little said,Defence secretary Leon Panetta would be discussing the matter at a Pentagon news conference. The Pentagon otherwise was taking a low key approach to this historic day(Tuesday). Gay rights groups, however, were preparing a series of celebrations across the country.

During the long,Arduous campaign to repeal “don’t ask, don’t tell”, activists and advocacy groups will be tended to downplay the issues which are related to the post-repeal benefits for civilian partners.

“It’s not something we’ve been pushing very hard for yet, but it’s obviously going to be the next front in the ongoing battle for equality,” said Alex Nicholson, executive director oef Service members United.

Prime Minister Manmohan Singh will leave on for the  New York on Wednesday to attend the United Nations General Assembly session on Saturday where India will push for the reforms of the Security Council to reflect out the current realities and early adoption that of a convention on terrorism that will provide a global framework to fight out the menace.

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S M Krishna        Shivshankar Menon           Ranjan Mathai

Prime Minister Manmohan Singh, who will be accompanied by the S M Krishna, indian external affairs minister, Shivshankar Menon ,national security adviser and Ranjan Mathai, foreign secretary , would represent India at the high-level segment of the General Assembly on Saturday and that delivers out his address.

During the session, India, along with other members of the G-4 (Brazil, Japan and Germany), will work to push out for the reforms of the UNSC at the earliest for robust international security and peacekeeping operations.

The G4 members are keen on getting permanent membership of the UNSC.Currently,India and Germany are non-permanent members of the Security Council.

There is no meeting scheduled between Manmohan Singh and US President Barack Obama, who is scheduled to the  New York before the Prime Minister’s arrival to the city.

A full takeover of Suzuki Motor by Volkswagen is seen as to be unlikely after the Japanese company sought a divorce from a two-year partnership with Europe’s biggest automaker that was marred by disagreements .

German magazine Der Spiegel cited an unnamed senior manager at VW as saying he did not rule out a full takeover of Suzuki, shortly after two months of squabbling between the two companies came to a head. “First of all, (Suzuki chairman and CEO) Osamu Suzuki would not want to sell. VW simply won’t be able to take over all of Suzuki against his will,” Commerzbank analyst Daniel Schwarz said. Suzuki said last week it wanted to end its 2-year alliance after the German carmaker accused it of violating the pact by agreeing a diesel engine supply deal with Fiat.

CEO Suzuki offered to buy Volkswagen’s 19.9% stake in his company with cash on hand, but VW said it was happy with its investment and had no intention of selling. Spiegel said that once the alliance had formally ended, VW would no longer need Suzuki’s approval to raise its stake in the Japanese company, but analysts were sceptical.

The Airports Authority of India(AAI), which runs approx 125 airports across the country, will soon approach the indian government to allow it to raise Rs 5,000 crore through infrastructure bonds, its top official said on Monday,as reports say.

“We will again approach the government to allow us to issue infrastructure bonds for the next phase of development of 15 airports during the 12th Plan period,” V P Agrawal,AAI chairman said.

AAI’s plea to raise up a similar amount through a tax-free infrastructure that bonds in 2009 to develop 35 non metro airports was rejected by the indian government.


The modernisation and upgradation have to work on many of these airports that  has already been completed.

Agarwal said these bonds could be  a tax-free but the indian government would have to take out  a decision on the entire issue or subject, on the sidelines of a seminar that was organised by Indo-American Chamber of Commerce .Indian Finance Minister Pranab Mukherjee had announced in the 2011-12 general budget that the indian  government would allow issuance of tax-free infrastructure bonds worth Rs 30,000 crore by various bodies in the 2011-2012 financial year.

Popular internet search engineGoogle and websites like YouTube could be shut down in Pakistan if they did not cooperate with authorities investigating crimes and incidents of terrorism, Interior Minister Rehman Malik has warned.

Malik made the remarks at the headquarters of the Federal Investigation Agency here while interacting with reporters.

He urged the websites to extend help to authorities to exterminate terrorism from the country.

The government would be compelled to block certain websites including YouTube and search engine Google if they did not extend cooperation to authorities, Malik said.

The Taliban and other terrorist organisations were sharing intelligence through the internet and it is imperative to curb these activities, he said.

Malik did not give details of the crimes and incidents of terrorism that the websites could provide information about.

TV news channels also quoted Malik as saying that he had issued an order for a case to be registered against the administrator of Google Pakistan.

The minister has faced criticism and ridicule from civil society and rights groups for several of his recent comments.

Malik had recently claimed that jealous girlfriends and wives, and not political groups or criminals, were responsible for a majority of target killings in the southern port city of Karachi

Actress Pamela Anderson says her choice of men is influenced by her sons, 15-year-old Brandon and 13-year-old Dylan.

The actress is upbeat about playing a sex-symbol character in ‘The Dirty Picture’ saying it celebrates womanhood in all its glory.

Vidya Balan’s next film ‘ The Dirty Picture ‘ has become the talk of the town for her redefined sexy avatar. Playing a character loosely based on yesteryear South sex-symbol Silk Smitha, she has attempted every act of seduction from pelvic thrusts to heaving bosom.

Ask her if she was anytime wary or apprehensive of playing the character and she confidently replies, “I’ve never enjoyed being a woman more than in The Dirty Picture. It celebrates a woman like a rainbow in all her colours”.

Not just the audience, even Vidya was as surprised when the makers came to her to play a character like this. “I don’t know how Milan could have thought of me for this film”, confesses Vidya. But she has no regrets whatsoever to play such a bold and unusual character. “Before starting this film, I told Milan that I want you to hold my han

ds and guide me through the film. I just knew that I had to trust Milan completely. And I can say it is so worth it”.

The filmmaker has decided to join the box-office showdown with SRK, releasing Tell Me O Khuda alongside the actor’s RA.One in Diwali

She was the first filmmaker to sign Shah Rukh Khan. And now, it seems that Hema Malini will compete at the box-office with the actor, whose first endeavour in Bollywood was in her directorial venture Dil Aashna Hai.

A source informed us that Hema has decided to take on SRK’s dream project RA.One with the simultaneous release of her film Tell Me O Khuda, this Diwali. The industry has since been abuzz with speculations about SRK’s reaction to Hema’s box-office showdown, especially since Tell Me O Khuda features a cameo by the actor’s arch rival, Salman Khan.

The source revealed, “For the first time, neither party are trying to sabotage each other. In the past, when Sanjay Leela Bhansali dared to take on the SRK starrer Om Shanti Om with his Saawariya, it created an unprecedented amount of friction and tension between the two parties. But, SRK and Hemaji go way back. Hemaji was the first producer to sign him for Dil Aashna Hai. Ever since then, SRK has had the highest regard for Hemaji.”

Reportedly, SRK has not allowed his personal equations with Salman to interfere with his relationship with Hema. “SRK has in fact been very supportive of Hema’s daughter Esha Deol’s comeback in Tell Me O Khuda,” added the source.

When contacted, Hema confirmed, “We had a meeting with the distributors and exhibitors, on Friday, and we all decided to go for a Diwali release. I was advised against it since RA.One is also releasing on Diwali. But it’s not as if people would want to watch only one film during Diwali. Some of the biggest successes have happened during Diwali. I don’t think we need to fear competition from anyone.”

Reportedly, Hema is not the only one unperturbed to compete with SRK. Even filmmakers, Suniel Shetty and Himesh Reshammiya, have decided to release their films Loot and Dammadam respectively, alongside SRK’s RA.One.