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All candidates belonging to one of the minority communities who are enrolled for full time research programmes with UGC NET or CSIR-NET can apply for this scholarships, according to a UGC notification released earlier.
The Commission has notified 1,000 fellowships this time.
Mainly sunny. High 61F. Winds WNW at 10 to 15 mph..
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The Taoiseach (Prime Minister), Enda Kenny, has even gone so far as to state that Ireland would exit the bailout without the safety net of a credit line. Unfortunately for him Ireland’s economic crisis will not go away that easily. The economic consequences of the bailout may be about to bounce back and hit him in the ...
Even the somewhat positive projections for 2014 show that all the money to be borrowed, €8.3bn, is to be spent on interest repayments.
So where did all the money borrowed go to? Recent statistics show that ‘Rest of the World Residents’ have largely been paid off while “Irish residents have seen their holdings of Irish bank bonds rise from €25 billion at the time of the guarantee to €45 billion in April 2010. The proportion of bond held by Irish reside...
At the same time decreasing capital expenditure, decreasing sales and growing unemployment will reduce the tax base even further implying further cutbacks to keep up repayments of bonds and interest.
As it is, the effect of cutbacks on public services is reaching boiling point and with the promise of worker resistance in the offing, the government may soon be forced into a reconsideration of the easy ride it has had so far from the Irish people.
These are dark days for Scientology, as L. Ron Hubbard’s controversial church/cult/business takes one massive hit after another. The famously litigious sect’s notorious veil of secrecy is steadily lifting as a series of high-profile ex-Scientologists have publicly come out against the organization. There's Academy Awar...
Now Buzzfeed has released a fascinating expose on Scientology’s seeming implosion. The article centers on the controversial construction of “Ideal Org” buildings, extravagant and expensive Scientology worship centers that are financed by massive donations. In an exhaustively researched piece, Alex Klein argues that the...
Buzzfeed follows the numbers on the donations and discovers, not surprisingly, that they don’t add up. Nailing Scientology on something like real estate fraud is a little like busting Al Capone for tax evasion, but if a lengthy article about fraudulent fundraising practices sounds dry and tedious, it reads like a gripp...
The shares of every mining company targeted for a takeover in Canada during the past year experienced run-ups, many of them significant, in the days just before the deals were publicly announced, according to an investigation by The Globe and Mail that indicates a pattern of suspicious trading on Canadian markets, desp...
The review covered 14 bids. Each targeted firm had a rise in its share price over the five-trading-day period preceding the acquisition becoming public knowledge. The unbroken run of gains in the shares of targeted companies would have the improbable odds of one in 16,384 if it were consecutive heads in the toss of a f...
The striking trading pattern suggests either that some players possess inside information about imminent deals, and are making illegal profits at the expense of others, or that there are savvy investors unusually prescient in figuring out just ahead of time which companies are going to be acquired. The biggest weekly g...
The question is whether the increase just before deals "is leakage of information or clever people spotting takeover targets," says Laurence Booth, professor at the Rotman School of Management at the University of Toronto. "You can't really distinguish between the two until somebody comes out and prosecutes somebody fo...
Eldorado vice-president Nancy Woo said the company noted the share increase, but said investor speculation on its intentions for Brazauro wouldn't be surprising because it had previously taken a major equity stake in the company.
But the consistency of the pattern does raise the troubling issue of whether investors on Canadian markets are being had by those with inside information, which is once again in the spotlight because of a number of investigations. The Ontario Securities Commission alleged earlier this month that Mitchell Finkelstein, a...
Canadian regulators, stung by criticism that they don't take insider trading as seriously as the U.S. Securities and Exchange Commission does, have stepped up investigations of suspicious market activity, according to annual summaries on the number of their enforcement activities.
Enforcement actions concluded against illegal insider trading rose to 16 in Canada last year, at least double the pace of each of the preceding two years.
"The OSC takes insider trading very seriously and has a dedicated team in enforcement that specializes in insider trading and market manipulation," said Jill Homenuk, a spokesperson with the commission.
Securities watchdogs declined to comment on whether any cases reviewed by The Globe, which began with the November, 2009, acquisition of Canplats Resources by Goldcorp and ended with the pending deal for Antares Minerals by First Quantum Minerals announced in October, are the subject of ongoing investigations.
To quantify the extent of the suspicious trading, The Globe had Fatma Sonmez, a finance professor at the Queen's University School of Business, analyze the market action in the 14 target companies in the 30 days before the bids were announced, using a capital asset pricing model.
It's a sophisticated formula that determines whether movements in prices are out of line with what would be expected, given the movements in the broader market. The model calculates the cumulative excess return in a stock, compared to the movement in the market as a whole, adjusted for the volatility of the shares, a f...
A 5-per-cent gain in a company in advance of a takeover wouldn't raise eyebrows if it matched a market rally and the shares move in line with stocks generally, but it would be if returns streaked well ahead of a moribund or falling market.
According to Dr. Sonmez, there was a pattern of abnormal returns just before nine of the takeovers, or about two-thirds of the deals. Two cases were indeterminate, and three moved in line with what would be expected, given the overall action of the market in the days ahead of their deals.
On average, there was an abnormal return of 8.8 per cent in the deals compared to the gold index. In other words, the stocks gained 8.8 per cent more than would have been expected, given what was happening in the market at the time. (This calculation excludes the Potash Corp. deal, because its peer group is fertilizer ...
The excess gains started appearing 11 trading days before the bids became public and then grew steadily larger until the takeover announcement, when compared to the TSX. Most of the takeovers in the mining sector have been of junior gold explorers.
A gain of about 9 per cent over 11 trading days may seem modest, but it is more than an equity investor typically gains in a year. The S&P/TSX composite index has risen about 6 per cent annually over the past 30 years.
"On average, there is some sort of market move before announcements," Dr. Sonmez concluded, although she cautioned that the analysis doesn't confirm anything untoward was occurring - just that there was an unexpected rise in the target's stock price, relative to other stocks.
The shares having abnormal returns before announcements (with the acquirer or potential acquirer in brackets) were: Andean Resources (Goldcorp); Antares Minerals (First Quantum); Brett Resources (Osisko); Brazauro Resources (Eldorado); Capital Gold (Timmins Gold); Red Back Mining (Kinross); Corriente Resources (CRCC-To...
Acquisition targets typically surge on the day that news of a deal comes out, but in the Chariot case, most of the juicy gains happened before the announcement. The shares rose 28 per cent in the week before the deal became public, but only 5 per cent in the session after executives formally revealed they'd inked a dea...
Those without abnormal returns were Marathon PGM (Stillwater Mining); Comaplex (Agnico-Eagle) and Canplats (Goldcorp). The trend couldn't be determined for Underworld Resources (Kinross) and Potash Corp. (BHP Billiton).
The review looked at all mining takeovers, except cases where pre-deal share prices were being skewed upward by a logical explanation: open market purchases in targets by the acquiring companies.
The Globe sought comments from participants in each takeover. Generally, officials who responded said they detected nothing exceptional in the pre-deal trading patterns.
"Our corporate development people are confident that there was nothing unusual," said Jeff Wilhoit, vice-president at Goldcorp. Goldcorp has been approached by regulators looking at trading after each of its takeovers in the past three years, but Mr. Wilhoit characterized the inquiries as "matter of course" reviews.
Shares of Capital Gold rose 7.2 per cent in the week before it received a merger bid from Timmins Gold in late September. But Timmins CEO Bruce Bragagnolo said he didn't view the rise as unusual because it occurred around the time of the Denver Gold Show, an annual promotional event that draws speculators to junior gol...
Any rise in price before a deal is announced undermines the position of the company doing the acquisition by making the takeover premium look less generous, he said, giving a strong financial incentive to have everything kept under wraps. "It's in our best interest to keep it real quiet," he said. "We definitely don't ...
A spokesman for Potash Corp. said the 9.6-per-cent rise in its shares in the two weeks before BHP's takeover bid reflected market interest in fertilizer producers because shares in competitors also rose. BHP did not respond to requests for comment.
While regulators are supposed to be watchdogs on suspicious trading, one company, Brett Resources, itself took action to protect shareholders.
Officials at Brett Resources worried that word of the company's impending takeover by Osisko might have leaked out in the middle of confidential negotiations on the deal. The shares closed at $1.98 on March 16, and then the next day they suddenly jumped to $2.09, at which point trading was halted in the early afternoon...
Ronald Netolitzky, Brett's chairman, said the "little wobble" in the share price made him nervous. "It could have been just a normal pattern. We could have waited it out, but I consider it unfair to shareholders that sell," Mr. Netolitzky said.
It is standard business practice on deals to require all those involved, from boards to lawyers and investment bankers, to be aware of confidentiality requirements about material, non-public information and to sign non-disclosure agreements, according to company officials. Trading in advance of important information or...
"We have very robust sets of policies and safeguards to prevent any leaks by our own people and by the outside consultants who we engage, " says Steve Mitchell, Kinross Gold Corp. vice-president of corporate communications.
In addition to standard non-disclosure policies, Kinross takes such steps as maintaining lists of everyone in the company who knows about any companies reviewed as possible acquisition targets, and doesn't allow those executives to trade in the securities.
Mr. Mitchell says Kinross in its takeovers of Underworld and Red Back was approached by the Investment Industry Regulatory Organization of Canada (IIROC) for trading information, a review he characterized as standard procedure by the organization after mergers and acquisitions.
"We fully responded to those inquiries and there has been no further requests from regulators," he said.
But some of those involved in takeovers suggested it becomes increasingly difficult to keep deals secret as the circle of those in the know expands from a handful of senior executives and board members to include the phalanx of investment bankers, securities lawyers, and other hired help swarming each of two separate c...
Ulli Rath, Chariot's president at the time of the acquisition, said he kept a tally of everyone working on the deal for his company but "stopped counting above 50."
"It's initially a pretty small group but at some point there is an ever-widening circle of individuals that seem to be involved one way or the other," he says.
He says he still has no idea why the shares of the company surged during confidential talks. "If I knew, then I would be able to tell market surveillance. I really don't know."
Ramveer Tanwar, who has a BTech in mechanical engineering, recently quit his job with a multinational to focus on a cause dear to him - saving ponds. "Water conservation is a more significant career for me than sitting in an air-conditioned office," says Greater Noida's resident water crusader, who has been instrumenta...
Greater Noida, part of Gautam Buddh Nagar district, is home to hundreds of water bodies. The bigger ones, like the 60-acre Surajpur wetland, are protected by forest conservation rules, but smaller ponds have been neglected - until now.
A farmer's son, Tanwar grew up in Greater Noida's Dadha village, an area that has witnessed water shortages time and again.
He noticed how small water bodies, around which community life traditionally revolves in the rural hinterland of Uttar Pradesh, were often treated as garbage dumps. "I grew up seeing this mistreatment of water bodies, even when we were facing droughts," he says. Then a 21-year-old college student, Tanwar organised a ja...
The first pond cleanup the volunteers undertook back in 2014 was in a village called Dabra. “It was full of sludge, hyacinth and garbage. It took us months to just clear the surface. Then, we treated the water, created a filter system and a sort of canal to help farmers use the water for farming,” says Tanwar, who spen...
To get more manpower, he turned to social media. “Our Facebook page, ‘Boond Boond Pani’, now has over one lakh members. Each time we wanted volunteers, we would make an announcement on the page. Almost a hundred volunteers would reach the conservation location, often in far-flung villages, every time,” he says.
Rohit Adhana of Kasana village has been involved with Tanwar’s conservation efforts for a few years now. “It is important that villagers come forward and help save their water sources. We are showing them it is possible,” he says.
Tanwar, who has quit his job and does tuitions in the evening to meet his expenses, isn’t on his own anymore. His work got some attention last year after he created the hashtag #SelfieWithPond encouraging villagers to send photos with water bodies, and sponsorship opportunities have been coming up. “After a lot of effo...
LONDON – Britain's Supreme Court on Wednesday quashed a bid by a Pakistani man held by the U.S. in Afghanistan to force U.K. authorities to secure his release, although it said there was evidence his detention violated international law.
Yunus Rahmatullah, 30, was captured by British forces in Iraq in 2004 and handed over to the Americans, who sent him to a prison at Bagram air base in Afghanistan.
Last year a lower court ordered Britain to seek Rahmatullah's release on the grounds that under international law it was responsible for his care and had the power to ask the U.S. to free him.
But the order -- known as a writ of habeas corpus -- was canceled after U.S. officials refused to cooperate.
Habeas corpus is an ancient legal principle -- Latin for "you have the body" -- requiring authorities to bring a prisoner before a court so it can judge the legality of the detention.
The Supreme Court ruled Wednesday that both the original order and the decision to scrap it had been legal.
The judges said Britain had been right to seek Rahmatullah's release, but it was clear U.S. authorities "felt they were holding Mr. Rahmatullah lawfully and were not willing to relinquish control of his detention to the U.K.
However, the seven judges raised concerns about the legality of Rahmatullah's detention. In a written judgment with which a majority of the justices agreed, Lord Brian Kerr said "the presumably forcible transfer of Mr. Rahmatullah from Iraq to Afghanistan is, at least prima facie, a breach of article 49" of the Ge...
Jamie Beagent, a British lawyer representing Rahmatullah, said the ruling was a victory because the Supreme Court had backed his client's case in principle.
"Sadly, despite the fact that in international law Mr. Rahmatullah remains a British detainee and the United States does not consider him a security threat, our client remains in detention at Bagram," he said.
He said lawyers would continu e to seek Rahmatullah's release on the basis that his detention violated the Geneva Conventions.
A crazed bit actor wielding an ornate Freemason sword hacked his mother to death early Tuesday in their New York apartment while screaming out Bible passages and Masonic references, police and witnesses said.
"Repent! Repent! Repent!" Michael Brea, screamed at his 55-year-old mother, Yannick, during his bizarre meltdown and the subsequent bloodbath at their Brooklyn, N.Y., apartment, neighbors said.
Brea, 31, who had roles in "Ugly Betty" and the movie "Step Up 3D," was heard repeatedly through the door shouting about the "architect of the universe," a term used by Freemasons to refer to a supreme being. Longtime family friend Sylvan Benoit confirmed that Brea was a member of the Freemasons and had been to a meeti...
The Masonic sword was 3-feet long and meant for ceremonial use, police sources said.
When cops broke down the apartment door at around 2 a.m., they Tasered and arrested Brea, and charged him with murder.
He was taken to Bellevue Hospital for psychiatric evaluation, and allegedly blurted out, "When I looked at my mother, I saw the devil."
Hong Kong won its bid to host the annual World Travel Congress of the American Society of Travel Agents (ASTA) in 2004, the Hong Kong Tourism Board (HKTB) announced Monday.
Speaking at the contract signing ceremony, HKTB's Executive Director Clara Chong said, "ASTA's decision to choose Hong Kong is very important and timely for us, as it shows that the U.S. travel trade had long-term confidence in Hong Kong as a destination."
Chong said that China's accession to the WTO and Beijing's successful bid to host the 2008 Olympics would bring an added boost to U.S.-Hong Kong tourism. Hong Kong has already commands the largest share of U.S. outbound travel of destinations in Asia now, according to Chong.
ASTA is the world's largest and most prestigious association of travel professionals, boasting more than 26,000 members. Hong Kong last hosted the event in 1965.
A ride on the Victoria Clipper is normally a beautiful journey. But bad weather can complicate things.
I had repeated it over and over again as the weekend approached: "We're going on an adventure!" "We're going on an adventure!"
My boyfriend, some friends and I were going to Victoria, British Columbia, for a few days in February. It would be their first time taking the Victoria Clipper, a high-speed catamaran; it was my second, and I had sold it to them hard. Such a glorious three-hour boat ride; so smooth, so fast. I would not shut up about h...
We knew a storm was rolling in, but our boat would leave Seattle's Pier 69 first thing in the morning, and the weather would arrive later in the afternoon, adding some snowy ambience to our strolls through the adorable town that is Victoria. We'd bundle up in our hats and scarves, sip some tea and wine and be on our me...
What's that they say about the best-laid plans?
They went awry all right.
The trip began just fine; every once in a while there would be a big wave, and the whole boat would sound like it was going over the edge of a roller coaster. We were having a great time.
About an hour in, the waves took over. When one would hit, the boat would go up and over, slamming down back onto the water, hurling people around in their seats. It was jarring, and loud.
Unfortunately, we had landed ourselves on what Clipper spokesperson Scott Meis called "the worst crossing we have had in 31 years of operation between Seattle." Crossings are canceled due to weather on average 20-25 times per year, Meis said, after careful calculations of weather patterns early in the morning. But that...
"Mother Nature can change quickly as can weather in the Strait of Juan de Fuca," Meis said.
The captain of the boat had to make the decision: would it be safer to turn back or proceed? Proceed we did.
It didn't take long for the seasickness to spread throughout the boat. Even the biggest, strongest passengers hopped up on the Clipper's complimentary ginger candies and motion-sickness medication were no match for these waves.

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