Sunday, 25 February 2018

Sridevi passes away

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A versatile actor, Padma Shri awardee Sridevi made her debut as a child actor in Thunaivan in 1969
She passed away around 3am after suffering cardiac arrest in Dubai.Veteran actor Sridevi, who had an illustrious career spanning over four decades, passed away in Dubai. She was 55.
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According to the family sources, the actor, wife of producer Boney Kapoor, reportedly died due to cardiac arrest late in the night in Dubai, where she had gone along with her family to attend her nephew Mohit Marwah’s wedding.
While some of the family members returned from Dubai after the wedding, Sridevi, Boney and Khushi stayed back.
A versatile actor, Sridevi made her debut as a child actor in Thunaivan in 1969. Her first leading role as an adult came in 1976 with two of India’s biggest actors — Kamal Haasan and Rajinikanth — in the K. Balachander film Moondru Mudichu. She followed that up GayathriKavikkuyil and 16 Vayathinilie, with the last one being a critically acclaimed hit.
Bollywood debut in 1978 with Solva Sawan.
But it was only after five years with Jeetendra-starrer Himmatwala that she gained commercial success. Her beguiling eyes, scintillating screen presence and acting prowess soon made her one of the most sought-after artistes in the Hindi film industry.
She went on a hiatus for 15 years after starring in home production — Judaai — co-starring her brother-in-law Anil Kapoor and Urmila Matondkar. It was director Gauri Shinde’s English Vinglish in 2012 that marked Sridevi’s comeback.
Her nuanced performance as a middle-class woman, learning to speak English to feel accepted by her family, won accolades, and the film was also a commercial success.

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Sunday, 18 February 2018

Nirav Modi Case | 11000 crore fraud

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Nirav Modi! The name which is in the news last few days. First of all let us know who is he and his origin. Indian born diamond jewellery designer Nirav Modi is the founder of $2.3 billion (revenues) Firestar Diamond. Modi grew up in Belgium, dropped out of Wharton and moved to India at the age of 19 where he got trained in the diamond trade under his uncle. After then, He launch his own Nirav Modi brand with 16 stores in locations such as Delhi, Mumbai, New York, Hong Kong, London and Macau. In 2010,Nirav Modi was the first Indian jeweler to have been featured on the covers of Christie’s and Sotheby’s Catalogues.
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Now What is making news is the case filed against Nirav Modi By Punjab Natonal Bank. In February 2018, the Indian Government’s Central bureau of investigation (CBI) launched an investigation into Modi. The CBI is acting on a complaint from the Punjab National Bank, a state banking instituition, that alleges Modi and his partners defrauded the bank for Rs 280 crore (approximately USD 40 million) by conspired with bank officials to fraudulently obtain Letters of Undertaking for making payments to overseas suppliers. While Rs 280 crore is the fraud that has devoled to date, the potential liability of loss to Punjab National Bank goes well upto Rs 11000 crore. The Bank has alleged that Modi and his business partners were involved in fraudulently issuing Letters of Undertakings – or bank guarantees – at the Bank’s Mid Corporate Branch in Mumbai’s Brady house. The enforcement directorate is looking into the case of fraud that the CBI has registered against Nirav Modi and his associates for cheating over Rs 280 crore as cited by Punjab National Bank (PNB).

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