Akshay Kumar would be coming up with Aishwarya Rai in the movie “Action Replay” that is directed by Vipul Shah. The movie is said to be a comedy-romance and sci-fi film. The movie’s plot is quite interesting “An elderly man who travels back into time when he was still young” but I am guessing that other than the person going back into time, there might not be any other interesting science addition in the film.

The movie also features Indian actress Neha Dhupia and Randhir Kapoor. The movie is being speculated to be a copy of the film “The Curious Case of Benjamin Button”. The director has denied the claims that the movie is a copy of the english film and claims that the movie is based on a Gujarati Play called “Action Replay”.

From just the plot I cannot make out if the movie is really a copy of the film “The Curious Case of Benjamin Button” as even though Benjamin Button has an element of the process of ageing the storyline could be completely different. The movie is said to be hitting the theatres in November 2010.

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Posted in: Entertainment | Tags: aishwarya, akshay, kumar

Share prices of MMTC rose significantly as company reported heavy profits for its quarters. Unfortunately, the Government of India owns almost all of the equity in the firm so that means there were only a few people who benefited from the record profits that the company has reported. How about giving those employees an increase in their wages? I am expecting that all these profits will get gulped down by the corrupt officers.

Interestingly the news also highlighted that the President of India holds a considerable percentage of the shares in the company which are not traded in the market. I am quite concerned how such a “reputable” person actually got shares in the company where the person is not even directly involved or am I missing something?

The company has shown a growth of 34% in its profits and is now reportedly going under disinvestment after getting an approval from EGM for splitting its share. Despite record profits being reported by the company, BSE Sensex remained weak.

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Posted in: Business | Tags: mmtc, price, share

HTC Netherlands has confirmed on their twitter account that their top selling phone “HTC Desire” will be finally getting the Android 2.2 firmware update. The update has been confirmed to be for Netherlands at the moment however no information about the update being introduced in other countries especially the United Kingdom has been announced at the moment.

We have been eagerly waiting for the Android OS update for the HTC Desire. The latest update for HTC Desire will bring out a number of new features on the phone mainly being hd recording, improved battery life and phone performance. The latest firmware version that is officially available in the market is the Android OS version 2.1 update1.

The tweet from HTC NL says – “HTC will start tomorrow with the upgrades to 2.2 for Android Desire! Other devices will follow.” suggesting that the froyo update is not just being introduced on just the HTC Desire but will also be introduced on other HTC phones. Even though many previous phones will not be able to implement all of the features, they will still be able to make use of improved performance brought by the latest firmware update.

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Posted in: Technology | Tags: desire, htc

Share prices of the company Beyond Petroleum (also known as BP Plc) have remained volatile after the company got itself involved in one of the worst environment disasters. It is now being speculated that the company will need to apply for tax credits in order to overcome the total costs of the disaster. The company has already reported losses in billions for the quarter which had not at all been expected by analysts.

The tax credits are quite important for the company since it will help the company to mitigate over ten billion american dollars in costs related to the oil spill disaster. The company can apply for tax credits upto 35 percent of its losses according to the US corporate tax law.

It is still not sure whether the US Government will approve the tax credits for the company however the tax credits in no doubt are very important for BP Plc. In case Beyond Petroleum is denied the tax credits then it will be a lot harder for the company to make a quick recovery.

The company share price (LON:BP) dropped a bit as it is still not sure where the company is heading at the moment. Stocks of the company (NYSE:BP) at the New York Stock Exchange also dropped.

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Posted in: Business | Tags: bp, credits, price, share, tax

Despite strong performance by the Banking major, stocks of Royal Bank of Scotland Group Plc (NYSE:RBS) weakened a bit. The decline in the stock prices of the Royal Bank of Scotland might have to do something with news regarding the recent takeover bid by Pakistan’s Faysal Bank (KAR:FABL) to takeover Royal Bank of Scotland’s Pakistan Operations.

Pakistan’s Faysal Bank won the bid to takeover the Royal Bank of Scotland’s local operations in Pakistan and allows Pakistan’s lending company Faysal to expand its retail presence in the area. The purchase of RBS assets in Pakistan means that Faysal will be doubling up its branch base and will be able to grow its business in Pakistan.

The recent takeover bid for RBS local branches in Pakistan has recently got its approval from the Pakistan Central Bank. RBS is in a move to ramp up its business by selling up non-core operations and has recently hired bankers to boost its Asian Equities business.

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Posted in: Business | Tags: faysal, price, rbs, share