MLM / Chain Money
CBI raids Bengal ponzi firm's premises
The CBI on Wednesday raided at least 18 different locations of Ramel Group of Industries across West Bengal in the chit fund scam, an official said.
 
"Searches are being conducted at 18 places in West Bengal in connection with investigation of case against Ramel Group. Searches are being conducted at the official and residential premises of the group and its managing directors and directors," a Central Bureau of Investigation official said.
 
The Ramel group was one of the several non Saradha Group companies against which the CBI registered cases for illegally raising public money.
 
Having found guilty of operating Collective Investment Schemes (CIS) without obtaining its approval, market regulator Securities and Exchange Board of India (SEBI) in July 2014 asked Ramel Industries to immediately wind down its scheme that raised over Rs 97 crore from investors.
 
Ordering refund of the collected money, the SEBI also barred Ramel Industries as well as its promoters and directors from dealing in capital markets till the refund was complete.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Keep your woollens in top form with these easy tips
Bhavya Chawla, chief stylist, Voonik, an online stylist-handpicked apparel store, has suggested some tips to keep woollens as new as ever!
 
Winter is here and your woollens are your best companions during this season. It require extra care as the fibres are more delicate and are prone to being damaged very easily. Avoid washing machines to clean your sweaters and avoid hanging your sweaters for drying, says an expert.
 
Bhavya Chawla, chief stylist, Voonik, an online stylist-handpicked apparel store, has suggested some tips to keep woollens as new as ever!
 
* Use the right brush: Avoid washing machines to clean your sweaters as they may lose their sheen. Instead, use an electrostatic garment brush after every wear as woollens tend to accumulate a lot of dust and are vulnerable to moths. Airing them and spot-cleaning is another effective way to keep them new. 
 
* Gently clean tough stains: If you accidentally stain your sweater or scarf, take it to the dry cleaner. In case the stain is not that tough and you feel you can manage to clean it at home, use a high quality detergent meant for woollens. Mix it in lukewarm water and soak your woollens in the mixture. Gently wash the piece of clothing with your hands. But remember to do this only for items that don’t come with a “Dry clean only” tag!
 
* Avoid hanging: Woollens should never be hung up on a clothes line like other articles as this causes the fabric to stretch and it may lose its shape eventually. Lay the sweater or cardigan on a flat surface and allow it to dry at room temperature. Steer clear of sunlight and intense heat as these can sap all colour and life from your precious woollens. 
 
As they are really prone to stretching out of shape, you must also avoid hanging woollens on hangers in the closets. Instead, fold them neatly and place them.
 
* Don’t iron when dry: Woollens shouldn’t be ironed when they are completely dry as this won’t ease out the deep creases. They can also scorch easily under direct dry heat. Instead, use a steam press. If that’s not an option, wet a plain white cotton cloth very slightly and use this as a buffer between the iron and the woollen. It’s also advisable to keep the sweater turned inside out when not in use.
 
* Prevent moth attacks and germs: Wool is very vulnerable to moth attacks and germ build-ups. That is why it’s imperative to never stack even remotely damp woolLen clothes in your wardrobe as you will end up creating a breeding ground for germs. Remember to stash some moth balls in the section of your cupboard where you are placing your woollens.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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Shanghai TV station deploys 'robot' weather reporter
Shanghai Dragon TV has employed an artificial intelligence (AI) robot as a weather reporter on its live breakfast show.
 
"I'm happy to start my new work on the winter solstice," said "XiaoIce" during her debut on Tuesday morning.
 
"XiaoIce" is actually a piece of software developed by Microsoft using smart cloud and big data, Xinhua news agency reported.
 
In the first two days of her work, XiaoIce has impressed many with her cute voice. She also comments on big news events.
 
According to Microsoft, breakthroughs in text-to-speech AI have helped XiaoIce to score high points for linguistic naturalness, and hers is closer to the human voice than other speech synthesizers. Through unique emotional technology, she can make comments instantly based on weather data.
 
After her successful debut, people are worried that "XiaoIce" could cause traditional TV anchors and weather reporters to lose their jobs.
 
Song Jiongming, director of TV news for the Shanghai Media Group, pointed out that human anchors will not be completely replaced by "XiaoIce" in the near term, but the robot will supplement humans with her big data analysis capability.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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