Leisure, Lifestyle & Wellness
'I lost my phone inside a cow' among top mobile insurance claims

The team at a UK-based mobile insurance company has heard some bizarre excuses customers have made to claim insurance

 
London: Do you know anybody who lost his mobile inside a cow or someone who baked her handset into a sponge cake? The team at a UK-based mobile insurance company has heard it all in some bizarre excuses customers have made to claim insurance in the last twelve months, reports PTI.
 
The company's list of top ten weirdest mobile insurance claims was topped by a farmer in Devon who claimed his phone had disappeared inside the back end of one of his cows when he'd been using the torch on his mobile while assisting the cow during calving, The Mirror reported.
 
The phone later made an appearance, but was damaged.
 
Placed number two on the list was a lady in her early 40s from Nottingham who claimed that she'd baked her phone into a Victoria Sponge she'd been making for her daughter's birthday.
 
A woman in her 30s claimed she'd been walking her Cocker Spaniel on Barry Island beach, Wales, when a seagull swooped down and took her mobile from her hand.
 
A 20-year old girl from Bristol claimed the vibration function on her phone had stopped working while she was using it as an adult toy, www.mobileinsurance.co.uk said.
 
A 40-year-old construction worker said his cellphone had fallen out of his back pocket when he pulled his jeans down before sitting on the toilet. Not realising, he went about his business and flushed the chain.
 
The phone didn't flush, but underwent serious water damage.
 
A man in his 30s claimed he'd been filming monkeys from the car window in Longleat Safari Park with his mobile handset when a monkey climbed on the roof and snatched it.
 
The list also included a couple who lost their phone over the side of their cruise ship while re-enacting the "I'm King of the World!" scene, while trying to take a photo of themselves.
 
A pyrotechnician was setting up a show for the National Fireworks Championships in Plymouth, and having left his mobile within the "blast zone", it was nowhere to be found when he returned post-show, having been fired 3,000 feet into the air before exploding in a stunning display.
 
A young woman from Liverpool admitted she'd thrown her phone at her boyfriend, whom she'd discovered cheating, but it missed him and hit a wall, breaking the handset.
 
A man who was filming a Blur event on his cellphone from a nearby tree got a little too excited as the band came on stage and dropped his phone onto the ground below.
 

User

SEBI revokes ban on three executives of Tijaria Polypipes

Preliminary findings of the SEBI probe revealed that Tijaria Polypipes diverted substantial part of the IPO proceeds, 'through layered transactions', to certain entities

 
New Delhi: Securities and Exchange Board of India (SEBI) has revoked a ban imposed on two independent directors and a company secretary of Tijaria Polypipes Ltd related to alleged diversion of proceeds from the company's initial public offering (IPO), reports PTI.
 
The market regulator in December last year had barred Tijaria Polypipes' two independent directors -- Pawan Kumar Jain and Pana Chand Jain -- along with company secretary Tej Kumar Jain from the securities market till further directions.
 
Revoking the ban, SEBI said that considering various factors, the "benefit of doubt" can be given to the three people.
 
Preliminary findings of the SEBI probe into the fall in shares of Tijaria Polypipes revealed that the company had diverted substantial part of the IPO proceeds, "through layered transactions", to certain entities.
 
The IPO, to raise about Rs60 crore, was from 27-29 September 2011.
 
According to SEBI, Tijaria Polypipes in its prospectus dated 12 September 2011, had declared that it had not raised any bridge loan against the proceeds of the IPO.
 
However, the company's board, at their meeting in September the same year, had decided to raise Inter Corporate Deposits to meet the working capital requirements while their repayments had to be from the IPO proceeds.
 
SEBI, in its order, said there is not enough evidence to suggest that the independent directors and company secretary were aware of the board's decisions during the meeting on 10th September.
 
Taking into consideration the period of prohibition already undergone by the entities vis-a-vis the findings of investigations, SEBI whole time member Prashant Saran said, "I am inclined to give Pawan Kumar Jain, Pana Chand Jain and Tej Kumar Jain the benefit of doubt".
 
Pawan Kumar Jain resigned from the post of independent director on 5 January 2012, it added.
 
The ban on the three individuals has been revoked with immediate effect.
 

User

Macquarie Bank reduces its stake in Karnataka Bank

Macquarie Bank sold 11.12 lakh shares or its 0.59% stake out of 2.35% stake in Karnataka Bank at an average price of Rs135.2 per share 

 
Mumbai: Investment services provider Macquarie Bank has reduced its stake in Karnataka Bank by offloading over 11 lakh shares of the private sector lender for Rs15 crore, reports PTI.
 
Macquarie Bank, which held 44.28 lakh shares or 2.35% stake in Karnataka Bank at the end of September quarter, sold 11.12 lakh shares (amounting to 0.59% holding)of the banking entity, as per bulk data available with the stock exchanges.
 
The shares were sold on an average price of Rs135.17 apiece valuing the deal to Rs15.03 crore.
 

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)