Leisure, Lifestyle & Wellness
Gulzar to be honoured with Dadasaheb Phalke Award

Veteran lyricist, filmmaker and renowned Indian poet, Gulzar is nominated for the coveted Dadasaheb Phalke Award for 2013

Gulzar, one of the veteran lyricist, filmmaker and poets will be honoured with the Dadsaheb Phalke award, India’s highest award in cinema given annually by the union government.

Dadasaheb Phalke Award is India’s highest award in cinema given annually by the Indian Government for lifetime contribution to Indian cinema. Some of the acclaimed award recipients include, Prithviraj Kapoor, Ashok Kumar, Raj Kapoor, Dilip Kumar, Satyajit Ray, Dev Anand, Lata Mangeshkar, BR Chopra, Sivaji Ganesan, Asha Bhosale and Pran among others.

Sampooran Singh Kalra, who is popularly known by his penname Gulzar had earlier won the Academy Award for Best Original Song for "Jai Ho" (shared with AR Rahman), for Slumdog Millionaire, at the 81st Academy Awards in 2009. He also won a Grammy Awards for the same song in 2010. He was awarded the Padma Bhushan in 2004 and the Sahitya Akademi Award in 2002.

The 79-year old writer, director has won as many as 20 Filmfare awards in total. He is also the winner of a number of National Film Awards. He is also the record holder for winning the most number of “Filmfare award for best lyricist” and “Filmfare Award for Best Dialogue”.

Gulzar started his film career as a lyricist, with the song "Mora Gora Ang Layle". He has since then written dialogues and lyrics for more than 100 movies, as well as directed more than 20 movies in Bollywood. He has also created a new type of poem known as Triveni. He has been associated with some of the other famous music directors like SD Burman, Salil Chowdhury, RD Burman, Laxmikant Pyarelal, Madan Mohan, Rajesh Roshan, AR Rahman, Vishal Bharadwaj, Shankar Ehsaan Loy and many more.

Gulzar has also directed critically-acclaimed Hindi films such as, 'Mere Apne', 'Parichay', 'Koshish' and 'Andhi', among others.

Gulzar's Aandhi, based on the Hindi novel "Kaali Aandhi" by Kamleshwar, told a story of a couple separated against the backdrop of politics. Along with various wins and nominations, the film also won Filmfare Critics Award for Best Movie. Although believed to be based on the life of Ex-Indian Prime Minister Indira Gandhi, the film was based on life of Tarkeshwari Sinha.

Gulzar's poetry is partly published in three compilations: Chand Pukhraaj Ka, Raat Pashminey Ki and Pandrah Paanch Pachattar (15-05-75). His short stories are published in Raavi-paar (also known as Dustkhat in Pakistan) and Dhuan (smoke).

Along with lyrics, he has also contributed in many films as script, story and dialogue writer. He also had worked on small screen by creating series Mirza Ghalib and Tahreer Munshi Premchand ki among others. He wrote lyrics for several serials on Doordarshan including Hello Zindagi, Potli Baba ki and Jungle Book.

Gulzar holds the record of winning the maximum number of Filmfare Awards for Best Lyricist (11 in total) as well as Filmfare Awards for Best Dialogue (4 in total). He was also awarded the 2012 Indira Gandhi Award for National Integration.


Financial Technologies to shortlist bidders for selling its 24% in MCX
Financial Technologies is shortlisting bidders for selling its 24% stake in Multi-Commodity Exchange-MCX, following directions from FMC

Jignesh Shah-led Financial Technologies (India) Ltd (FTIL) on Saturday said it received non-binding bids from nine top corporates for buying its 24% stake in Multi-Commodity Exchange (MCX). FITL said it would shortlist the bidders by 25th April for cutting its stake in the country's largest commodity exchange.
In a regulatory filing, FTIL said it is making all efforts to complete the proposed sale of its stake in MCX by 25th April and has called for a board meeting on that day to finalise the bidders.
Last month, commodities market regulator Forward Markets Commission (FMC) had warned MCX about reducing the stake of FTIL. “FMC will take action against MCX if they do not comply with the shareholding order by 30th April. FMC is likely to stop MCX from floating new contracts,” an official from FMC had said.
In its order of 17 December 2013, FMC declared FTIL and its chief Jignesh Shah as 'unfit' to run any exchange following the turmoil at NSEL.
The regulator said FTIL was not ‘fit and proper’ to hold more than 2% stake in MCX.
Following this, the MCX board also asked its promoter FTIL to divest shares in excess of 2%.
Jignesh Shah-promoted FTIL has to reduce its stake in MCX to 2% from the current 26% to comply with the regulatory norms following payment crisis of Rs5,600 crore in its unit National Spot Exchange Ltd (NSEL).
FTIL has appointed a committee to oversee its restructuring plan, which includes divesting its take in MCX. The panel had a meeting on Friday.
In a statement, FTIL said: “The restructuring committee received non-binding bids from nine prospective investors, which includes marquee Indian and global conglomerates.”
The committee has completed the process of shortlisting of the parties with whom FTIL’s appointed banker JM Financial will take the discussion forward, it said.
The shortlisted bidders have sought interaction with the MCX management and customary due diligence as a pre-condition for the sale.
The committee has decided to shortlist the bidders by April 25 and will recommend the same to the board of FTIL, after the due diligence request of bidders is completed by MCX, it added.
FTIL said it is making all efforts to “complete the proposed sale of its 24% equity stake in MCX by 25 April, 2014’’. 
FTIL mentioned that it will write to the MCX board seeking its cooperation for management interaction with the shortlisted bidders and customary due diligence to enable the proposed sale within the defined timelines.
The company will also write to the FMC seeking its support and cooperation in the matter. It will update FMC periodically on the progress made in the stake sale process, it added.
Shah-led group as well as FTIL are grappling with multiple woes in the wake of the Rs5,600-crore payment crisis at the group unit NSEL.
FMC had ruled that FTIL and Shah were not ‘fit and proper’ to hold more than 2% stake in any commodity exchange. The order has been challenged in the court.


Sensex, Nifty to turn weak: Weekly Market Report

After a sharp run up, Nifty may move sideways to down over the next few weeks

The BSE 30-share Sensex closed the week that ended on 11th April, at 22,628.96 (up 269 points or 1%), while the NSE’s 50-share Nifty closed at 6,776.30 (up 82 points or 1%) for the week. Last week we had suggested that indices would be weak this week. They held up and moved higher.

On Monday, both the benchmark indices showed weakness for almost the entire session but bulls took over the reins by the end of the session. Nifty closed 6,695 (up 0.70 points or 0.01%). The highlight on Monday was Sun Pharma acquiring Ranbaxy Lab for $4 billion in an all-stock transaction. This resulted in Sun Pharma being the top gainer in Sensex stocks on both Monday and Wednesday.

The World Bank trimmed its 2014 growth forecast for developing East Asia but said the region's economies were likely to see steady growth in the next couple of years helped by a pick-up in global growth and trade.

The stock markets were closed on Tuesday on account of Ram Navami.

On Wednesday, Nifty closed, at its new all time high, at 6,796 (up 101 points or 1.51%). Moody's Investors Service said that the banking systems in ASEAN and India are resilient to the financial impacts of the reduction of monetary stimulus by the US Federal Reserve, or the risk of higher interest rates more generally.

On Thursday the optimism in the global arena also played on the sentiments back home. This resulted in Nifty hitting a new high again, though the market managed to close only marginally higher. Nifty closed at 6,796 (up 0.20 points).

The minutes of the March 18-19 US Fed meeting showed that the Fed they would wait for a "considerable time" following the end of its bond-buying program before finally raising interest rates. 

A huge fall in the US indices pulled global indices (including Indian indices) lower on Friday. Nifty closed at 6,776 (down 20 points or 0.30%). After market hours, industrial production data were released, which turned out to be weak. Industrial production again slipped into negative territory and contracted 1.9% in February 2014 due to poor performance in manufacturing, especially capital goods. Factory output as measured by the index of industrial production (IIP) showed a decline of 0.1% during the 11-month period from April to February, compared with growth of 0.9% in the corresponding period a year earlier. The market would remain closed Monday on account of Ambedkar Jayanti.

For the week, among the other indices on the NSE, the top two performers were Smallcap (4%) and PSU Bank (4%) while the worst two performers were Media (1%) and IT (1%).


Among the Nifty stocks, the top five stocks for the week were Sun Pharma (10%); NMDC (8%); Ambuja Cements (7%); Kotak Mahindra (7%) and Cairn India (6%) while the top five losers were Jindal Steel & Power (6%); Tech Mahindra  (4%); Hero MotoCorp (3%); United Spirits (3%) and Lupin (3%).


Of the 1,424 companies on the NSE, 998 companies closed in the green, 387 companies closed in the red while 39 companies closed flat.


Out of the 27 main sectors tracked by Moneylife, top five and the bottom five sectors for this week were:

ML Top sector   ML Worst sector  
Shipping 7% Sugar -3%
Industrial Intermediates 5% Media -2%
Con_EPC_Infra 5% Lifestyle & Leisure -1%
Cement 5% Oil & Gas 0%
Energy 4% Software & I T Services 0.00%



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