LOS ANGELES, June 15: Reality TV star Kris Jenner surprised her newly-married daughter Kim Kardashian with her pole dancing abilities at a class recently.
In footage that will air during this weekend’s new episode of ‘Keeping Up With The Kardashians’, Jenner, 58, is seen demonstrating how to pole dance at Sheila Kelley’s S Factor pole dancing class, reported E! online.
“My friends love it – they love to hang out with her, they love her energy, so I’m just going to go with it and try and have a good time,” Kim said.
Meanwhile, in another preview clip, Khloe Kardashian is seen struggling with the reality of moving out of the marital home she shared with Lamar Odom.
New photos from Kim’s wedding to Kanye West were released earlier this week, which featured their young daughter North, as well as the wider Kardashian family.
Meanwhile, Kourtney Kardashian recently confirmed that she is expecting her third child with partner Scott Disick. (PTI)
Kris Jenner pole dances on TV show
Matt Damon plans to relax on Father’s Day
LONDON, June 15: Actor Matt Damon, father of four, wants to relax this Father’s Day.
The 43-year-old ‘Monuments Men’ star, who raises stepdaughter Alexia and daughters, Isabella, Gia and Stella with wife Luciana Barroso, is looking forward to celebrating the occasion with them in Los Angeles, reported Contactmusic.
“I don’t know what they have planned for me but they always have something up their sleeve. I get to put my feet up,” he said.
Damon said he feels great to be surrounded by girls.
“I never expected to be surrounded by girls, but it’s great. You never know which way life’s going to take you. I’m learning so much, not the least of which is how much smarter girls are,” he said. (PTI)
Russell Crowe, Ryan Gosling to star in The Nice Guys?
LOS ANGELES, June 15: Hollywood actors Russell Crowe and Ryan Gosling are set to star in Shane Black’s ‘The Nice Guys’.
The writer-director is said to be pursuing the pair for his follow-up to ‘Iron Man 3’, reported The Wrap.
The film will be set in the 1970s and follows the adventures of a private eye and his hired muscle.
The pair are brought together by the mystery of the suicide of a fading porn star, whose aunt claims to have seen alive and well after her supposed death.
Crowe is yet to confirm his place on the project, which could clash with work on his directorial debut ‘The Water Diviner’.
Gosling premiered his own directorial debut ‘Lost River’ at the Cannes Film Festival to a frigid reception.
‘The Nice Guys’ will be produced by Joel Silver under his Silver Pictures banner. (PTI)
IDFC Bank to be operational by October next year
NEW DELHI, June 15: Infrastructure finance company IDFC, which recently bagged a commercial banking licence, plans to start bank operations by October next year.
“It (IDFC Bank) should be operational by October 2015,” IDFC Chairman Rajiv Lall told PTI.
IDFC and Bandhan emerged successful out of about 25 contenders for new bank licences issued by the RBI in April.
Earlier this month, IDFC decided to come out with a follow-on public offer so as to bring down foreign shareholding in the company below 50 per cent.
As per the existing regulations, the bank has to be floated by a domestic entity.
Presently, foreign ownership is about 53 per cent which makes IDFC a foreign entity. Therefore, it needs to pare foreign investor holding.
The company plans to come out with follow-on public offer or preferential offer by October this year.
Meanwhile, IDFC recorded 51 per cent drop in net profit at Rs 257.94 crore in the fourth quarter ended March 31.
The group’s consolidated net profit was Rs 525.70 crore in the January-March quarter of the 2012-13 fiscal.
Total income rose marginally to Rs 2,219.57 crore during the fourth quarter, from Rs 2,218.41 crore in the same quarter last fiscal.
For the full 2013-14 fiscal, IDFC posted a 1.82 per cent drop in net profit at Rs 1,802.68 crore, from Rs 1,836.20 in 2012-13.
Total income last fiscal increased to Rs 8,789.99 crore in 2013-14, from Rs 8,148.42 crore in the previous year.
On a standalone basis, net profit more than halved to Rs 213.04 crore during the January-March quarter of 2013-14 as against Rs 451.04 crore in the year-ago period.
For the entire fiscal, standalone net profit fell 3.62 per cent to Rs 1,701.12 crore, as compared to Rs 1,764.98 crore for the year ended March 31, 2013. (PTI)
Castro urges defence of ally Maduro in Venezuela
SANTA CRUZ DE LA SIERRA (Bolivia), June 15: Cuban President Raul Castro has warned allies that Havana’s closest ally Venezuela needed support amid fallout from deadly anti-government protests.
“Venezuela today needs our staunchest support,” Castro, 83, said in a rare international speech at a Group 77+China meeting in Bolivia yesterday.
“The oligarchs who could not get rid of President Hugo Chavez think the time has come to topple the Bolivarian revolution and President (Nicolas) Maduro,” Castro argued, calling the elected socialist government in Caracas “the front line of independence, freedom and dignity.”
Maduro is the closest regional ally of Cuba, the region’s only one-party communist state.
Venezuelan economic support is critical to keeping the Cuban government and economy afloat.
Cash-strapped Havana still has a centrally planned economy and cannot get access to international loans, and Venezuela supplies it with cut-rate oil.
But inflation near 60 per cent, widespread shortages of basic goods and soaring crime have plunged Venezuela — an oil-rich OPEC member — into political and economic crisis.
Anti-government protests have rattled Venezuela since February, leaving at least 41 people dead and more than 600 injured, with opposing sides trading blame for the violence.
G-77 host Bolivian President Evo Morales, also an elected socialist, said that if the United States meddles militarily in Venezuela, it will have a new Vietnam on its hands.
“If Mr. (Barack) Obama keeps assailing the people of Venezuela, I am convinced that, faced with provocation and aggression, Venezuela and Latin America will be a second Vietnam for the United States,” Morales told the crowd.
“Let us defend democracy, natural resources, our sovereignty and our dignity,” he added.
Venezuela’s government and the opposition held preparatory talks on April 7, which were followed by an unprecedented televised meeting between Maduro and opposition leaders, including the runner-up in last year’s elections, Henrique Capriles.
Maduro, who succeeded late socialist firebrand Hugo Chavez, insists the meetings should not be negotiations. He has called for pacification and economic development programs.
The more radical wing of the opposition, which is seeking Maduro’s ouster through the street protests, has refused to join the talks. (AGENCIES)
18 PSU banks failed to meet FY’14 target of setting ATMs
NEW DELHI, June 15: Eighteen public sector banks, including SBI and PNB, failed to fulfil the target for installing ATMs during 2013-14, leaving more than over 9,300 branches without cash vending machines.
As part of the target, a total of 34,668 onsite ATMs were to be installed by PSU banks during the last fiscal.
However, they could set up only 25,331 such machines by March 2014, thus falling short by 9,337, as per Finance Ministry data.
Installation of Automatic Teller Machines (ATMs), especially by public sector lenders, has been a major priority for the government’s efforts to ensure financial inclusion.
Pursuant to Budget 2013-14 announcement, public sector banks were required to ensure an onsite ATM in ever branch.
As on March 2014, Allahabad Bank was yet to set up 1,950 ATMs, Central Bank of India 1,620, Syndicate Bank 1,085, Bank of India 7,44, State Bank of India (SBI) 696, Indian Overseas Bank 553 and Punjab National Bank (PNB) 499.
On the other hand, Bank of Baroda, Bank of Maharashtra, Canara Bank, IDBI Bank and the four associates of SBI managed to meet the targets given to them.
There are roughly about 1.4 lakh ATMs of public and private sector banks in the country.
Financial inclusion aims to extend financial services to the large hitherto un-served population of the country. In addition, it strives towards a more inclusive growth by making financing available to the poor in particular. (PTI)
GAIL stake in ONGC petrochem project to come down to 11.6 pc
NEW DELHI, June 15: State-run gas utility GAIL India Ltd will cut its equity stake in ONGC’s mega petrochem project at Dahej to 11.6 per cent as project faces major cost overrun.
GAIL had in 2008-09 picked up 19 per cent stake in ONGC Petro-additions Ltd (OPaL), which is building a mega petrochemical complex at Dahej in Gujarat.
The 1.1 million tonnes plant was at that time estimated to cost Rs 12,440 crore. But since then the project cost has been revised thrice upwards – first to Rs 15,870 crore in end 2008, then to Rs 19,535 crore in June 2010 and now to Rs 21,396 crore.
“We had in 2008-09 decided to invest up to Rs 1,000 crore in taking an equity stake in OPaL. At that time this money got us 19 per cent stake. Since then project cost has gone up and so has promoters contribution. Our board has decided to keep out investment capped at already sanctioned Rs 1,000 crore and so our stake in the project will come down,” a GAIL official said.
The project, in which Oil and Natural Gas Corp (ONGC) has 26 per cent stake, was originally to be funded in 70:30 debt-equity ratio (70 per cent loan and 30 per cent equity contribution from promoters).
However, this was to change to 60:40 debt-equity ratio at the date of commissioning, which is now estimated to be around February 2015.
Consequently, promoter’s contribution would be Rs 8,558.40 crore while the remaining Rs 12,837 crore would come by way of debt.
The official said GAIL’s Rs 996.28 crore equity in revised scheme would fetch it 11.64 per cent stake.
ONGC has however decided to keep its stake at 26 per cent and so its equity contribution would rise from Rs 1,668.88 crore 2,225.18 crore.
Gujarat State Petroleum Corp (GSPC), which originally was to hold 5 per cent stake, will now have 3.75 per cent interest at its Rs 320.94 crore equity contribution.
While in the previous scenario (debt-equity ratio of 70:30) 53.5 per cent equity remained to be tied, now with GAIL and GSPC stake undergoing reductions the untied equity stands at 58.61 per cent of Rs 5,016 crore, he said.
The project was originally to commission in 2012 and was subsequently revised to January 2014 but it is still sometime from starting operations.
The official said GAIL would continue to hold rights to market 38 per cent of the polymer and other chemicals produced by OPaL even at the reduced equity stake.
ONGC has reasoned the increase in project cost primarily to additional cost of Phase-II captive power plant and increase in cost of building the Phase-I electricity generating unit as well as interest cost on debt during construction phase. (PTI)
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Sangeet Growar, Head India Operations, Six Capital and Dr Anshu Kataria, Chairman, Aryans Group of Colleges during MoU signing ceremony.

Sangeet Growar, Head India Operations, Six Capital and Dr Anshu Kataria, Chairman, Aryans Group of Colleges during MoU signing ceremony.
Minister for PHE, Sham Lal Sharma laying foundation stone of check dam at Akhnoor on Sunday.
Minister for PHE, Sham Lal Sharma laying foundation stone of check dam at Akhnoor on Sunday.
A scene from the play ‘Agni Barkha’. -Excelsior/Rakesh
A scene from the play ‘Agni Barkha’. -Excelsior/Rakesh


