China introduces new banking law to freeze terrorists’ assets

China has introduced a new law enabling banks to freeze assets of “terrorists” as it doubled the budget in the restive Xinjiang region to combat growing militancy following a bloody year of anti-government attacks.

The new regulation has come into force from January 10, the People’s Bank of China (PBOC) said on Friday.

The rule was jointly made by the PBOC, the Public Security Ministry and State Security Ministry, the central bank said.

Rahul seeks to ignite party cadres, attacks Modi

Seeking to dispel the demoralisation in the wake of recent electoral debacle, a combative Rahul Gandhi today mounted a blistering attack on Narendra Modi saying those dreaming about Congress-free India will themselves be destroyed.

Joining his mother Sonia Gandhi, Rahul accused the BJP of lighting fires of communal hatred and setting people against each other as the party sought support of all like-minded political and social forces to come together at “this critical juncture”.

Congress has developed cold feet on Rahul: BJP

Bharatiya Janata Party Friday said Congress has developed “cold feet” on Rahul Gandhi, adding the prospect of defeat is responsible for the reluctance in announcing him as the prime ministerial candidate.

Rajya Sabha leader of opposition Arun Jaitley, in his blog Friday said it was “nervousness” that kept the “dynasty” away in 2004 when Sonia Gandhi stepped back from taking the prime minister’s chair.

“It is the prospect of defeat staring in the face which is responsible for the reluctance to announce Rahul Gandhi as the prime ministerial candidate in 2014,” Jaitley said.

Rahul flays opposition’s ‘marketing’ skills

Congress vice president Rahul Gandhi Friday compared the promises made by the opposition to selling combs to bald men.

Addressing the All India Congress Committee meet here, Gandhi – in obvious reference to the BJP – said the opposition has “excellent marketing” skills.

“They do excellent marketing. They have shine, glamour, song, dance and everything. They are the kind who will sell comb to a bald man,” he said, triggering loud applause from party workers packing the venue.

Indian woman travels to Pak with fake passport to meet ‘lover’

An Indian woman was deported from the airport here when she flew in from Doha using a fake Pakistani passport to meet a man she had fallen in love with after meeting on a social networking website.

Nagita Ramesh, who is in her twenties and hails from Gujarat state, arrived at Lahore international airport from Doha yesterday to meet Azhar, a resident of Multan city in Punjab province.

“She had come in an early morning flight. We detained her after checking her documents and eventually deported her back to Doha,” an immigration official told PTI.

Pakistan court rejects plea to arrest Musharraf

The Pakistani special court conducting the treason trial of Pervez Musharraf on Friday rejected the prosecution’s plea to order the “symbolic arrest” of the former military ruler.

The three-judge court, formed by the government to try 70-year-old Musharraf on charges of high treason for imposing emergency in 2007, rejected the plea by prosecutor Akram Sheikh.

Sheikh had asked for Musharraf’s “symbolic arrest”. After hearing the court’s decision, he asked who would be responsible if Musharraf left the country.

Pak court charges ex-PM in multi-billion Rental Power Scam

Pakistan’s former prime minister Raja Pervez Ashraf was on Friday charged along with six others in the Rs 22 billion Rental Power Scam by a court here.

All the accused, including the former federal minister for water and power, refused to plead guilty to the charges before the Accountability Court.

The bench conducting the trial sought all relevant evidence from the National Accountability Bureau (NAB) in the next hearing of the case which was adjourned until February 4.

Dollar slips in Asia despite upbeat jobs data

The dollar drifted lower in Asia on Friday as weak inflation figures and disappointing US corporate results dampened investor sentiment, while the euro was also under pressure on deflation fears.

The greenback bought 104.28 yen in morning Tokyo trade, from 104.37 yen in New York Thursday, and after a Japanese government report described Asia`s number two economy as “recovering” for the first time in six years.

The euro weakened to 141.98 yen from 142.11 yen while it also fetched USD 1.3613 compared with USD 1.3615 in US trade.

Hindustan Zinc Q3 net profit rises 7% to Rs 1,723 crore

Higher revenue and better margins helped Hindustan Zinc’s net profit to rise 7 percent to Rs 1,723 crore in the third quarter of the current financial year from Rs 1,613 crore a year ago.

Profit of the company, with interests in zinc, lead and silver among others, would have been better but for lower other income and higher tax outgo during the quarter, it said in a BSE filing.

World’s super-rich hold a fifth of their wealth in real estate

The world’s super rich people hold a fifth of their wealth in property, estimated at USD 5,328 billion, while Asia’s ultra rich have a greater share in real estate, a report says.

According to international real estate advisor Savills, in association with Wealth-X, property accounts for about a fifth of the invested wealth of almost 200,000 ultra high net worth individuals (UHNWIs) in the world.

Of the total private wealth of USD 27,770 billion, 19 per cent is held in real estate assets amounting to USD 5,328 billion, it said.

Rupee off one-month intra day high

The rupee touched a one-month intra day high of 61.31 Friday, only to surrender the gains and end one paisa lower at 61.54 against the dollar amid weak local equities.

It was the third successive day of consolidation for the rupee around the 61.53 level against the dollar.

However, the local currency gained for the second straight week, adding 36 paise since last Friday.

India’s iron ore exports down 28% to 11.17 MT in Apr-Dec

India’s iron ore exports have gone down by 28.16 percent during April-December of the current fiscal to 11.17 million tonnes (MT) as gloom continues over the sector due to the present regulatory scenario, mineral industries body FIMI said today.

India, once the third largest exporter of iron ore, had exported 15.55 MT of the mineral in the corresponding period of last fiscal, data released by Federation of Indian Mineral Industries (FIMI) showed.

Wipro Q3 net profit up 27% at Rs 2,010 crore

India’s third largest software services exporter Wipro on Friday said its profits rose by 27 percent to Rs 2,010 crore for the third quarter ended December 31 on the back of growth in infrastructure services business and improved efficiency.

The city-headquartered firm’s revenues rose by 18 percent to Rs 11,330 crore in the October-December quarter of this fiscal compared to the year-ago period, it said in a release.

“Revenues from continuing operations were Rs 113.3 billion (USD 1.8 billion), an increase of 18 percent year-on-year,” Wipro said.

Subsidised LPG cylinder quota to be increased to 12 per year: Moily

With Congress party vice president Rahul Gandhi making a strong pitch for raising LPG cap, Oil Minister M Veerappa Moily on Friday said the quota of subsidised cooking cylinders will be hiked to 12 from 9 per household.

“Yes, the cap will be increased,” Moily said soon after Gandhi made a demand to Prime Minister Manmohan Singh at the AICC session here.

Moily, who till last week had maintained that there was no proposal for raising the quota of subsidised LPG cylinders a household is entitled to in a year, said the decision will be announced after the Cabinet approves of it.

Faulkner heroics seal dramatic Australia victory

Faulkner heroics seal dramatic Australia victoryGabba:James Faulkner`s sensational late assault powered Australia to a dramatic one-wicket victory over England in the second one-day international in Brisbane on Friday.

Crushed 5-0 in the Ashes series and thumped in the first one-dayer in Melbourne, England sensed the chance of securing their first win over Australia on the tour after Eoin Morgan`s sparkling 106 powered them to a commanding 300 for eight.

Michael Schumacher may never wake up from ‘medically-induced’ coma: Reports

Formula One legend Michael Schumacher, who has been in a medically-induced following a skiing accident in late December, may reportedly never regain consciousness.

The seven-time German champion has been un consciousness for 18 days since smashing his head on a rock while skiing off-piste in the French Alps , although theoretically, the coma means that oxygen to his brain is reduced, allowing him to make a speedier recovery.

Why mornings are dark in January revealed

Scientists have revealed that the reason behind dark mornings in January can be explained with a formula called the ‘Equation of Time’.

Scientist have explained that if Earth’s axis were perpendicular to its orbit instead of tilted, and if its orbit were a circle instead of an ellipse, then the Sun would appear in the same spot in the sky each day and clocks and sundials would always match, the Daily Express reported.

First black hole orbiting ‘spinning’ star discovered

Spanish scientists have discovered what may be the first binary system ever known to consist of a black hole and a “spinning” star, which is more accurately known as a Be-type star.

Although predicted by theory, none had previously been found.

The observations that led to the discovery were performed with the Liverpool and Mercator telescopes at the Observatorio del Roque de los Muchachos (Canary Islands, Spain).

Be-type stars are quite common across the universe. In our galaxy alone more than 80 of them are known in binary systems together with neutron stars.

Cultivation of plants possible on Mars: Researcher

Cultivation of various plant species, also food plants, is possible on the soil of Mars, according to ecologist Wieger Wamelink of the Dutch research institute Alterra of Wageningen University.

To investigate whether it is possible to grow plants in the soil of Mars and on the moon, researchers undertook an experiment with 14 plant species on artificial Martian and lunar soil, provided by NASA, Xinhua reported. The experiment lasted 50 days.

Newly discovered galaxy puzzles astronomers

Researchers are puzzled over their new discovery of Himiko, which is an enormous galaxy, with a hot glowing gaseous halo extending over 55,000 light-years.

Himiko is extraordinarily distant, seen at a time approximately 800 million years after the Big Bang, when the universe was only 6 percent of its present size and stars and galaxies were just beginning to form.

Climate scientists bark up the big tree

Despite their greater age, big, old trees do more than small, young ones to remove carbon dioxide from the atmosphere, said a study that explores how well forests slow global warming.

The findings overturn the conventional view that old, large trees are relatively unproductive in absorbing heat-trapping greenhouse gases.

In more than 400 tree species studied, it was the bigger and older specimens that grew fastest and trapped most carbon, the scientists found.

Rahul rules himself out as PM candidate, says MPs will decide

Putting finally at rest heightened speculation and party clamour that he should be the Congress’ prime ministerial candidate for the general election, party vice president Rahul Gandhi Friday said “in a democracy MPs choose the prime minister” as was outlined in the nation’s constitution.

“If you read India’s constitution, it is written there that the prime minister is chosen by Members of Parliament. We are a democratic party and take democratic decisions,” he said at the Congress party plenary, the All India Congress Committee, meeting at the packed Talkatora Stadium here.

Siddharth Shukla signs three-film deal with Karan Johar

Television actor Siddharth Shukla, popular as Shiv of TV show ‘Balika Vadhu’, has signed a three-film deal with Karan Johar`s Dharma Productions.

Out of the three, the first one is ‘Humpty Sharma Ki Dulhania’ and Siddharth will be seen sharing screen space with Varun Dhawan and Alia Bhatt in the upcoming movie.

“Siddharth has been signed up for the film. He is a talented actor and a rage in `Balika Vadhu`. Dharma Productions plans to continue its professional equation with him,” Karan said in a statement.

Deepika Padukone now an all-rounder: Farah Khan

Isn`t it interesting that when Farah Khan wanted a newcomer for her 2007 film ‘Om Shanti Om’, she zeroed in on then debutante Deepika Padukone? And when she wanted a “star” for her new film ‘Happy New Year’, it was the same name that struck her.

Farah says Deepika leaves her impressed with her all-rounder quality. “I`m so happy that Deepika is in `Happy New Year`,” Farah said.

Busy directing ‘Happy New Year’, she can only look back with a smile at how Deepika has emerged in a league of her own.

TV helps promote classical music: Zakir Hussain

Tabla maestro Zakir Hussain says he supports reality shows on TV as they promote musical understanding and make classical music popular.

Hussain also told the media after a show here Wednesday evening that he was conserving the “heritage of Amir Khusro” and promoting Sufi music.

He said he was elated he had performed in the Taj city. ‘Taj mohabbat ki daastaan kahta hai’.

Just 500 metres from the 17th century monument of love, hundreds of music lovers enjoyed Hussain`s show.