Earlier, the same hackers had also hacked into a number of Indian websites, including that of Tata Institute of Social Sciences, samachar.in, wonderfulindia.com, sptravels.in and mergersindia.com
Some hackers allegedly from Pakistan hacked Taxila.in and Taxila.info, websites of Jaipur-based Taxila Business School. The hackers calling themselves ‘Doctor Neo’ and ‘Doctor Dan’ from the 'Pakistan Net Army' changed all pages from these websites.
Earlier, the same hackers had also hacked into a number of Indian websites, including that of Tata Institute of Social Sciences, samachar.in, wonderfulindia.com, sptravels.in and mergersindia.com.
The hackers replaced Taxila photographs with offensive photographs and added obnoxious text like: *“Dear Admin Dont Hate us...Hate Your Weakness*...” and images with the logo of the ‘Pakistan Net Army’, and a burning Indian flag.
According to media reports, the management of the Taxila Business School has registered an FIR against the hacker at local police station in Jaipur.
Development of greenfield steel projects in India has virtually come to a standstill. Many of these projects have stagnated due to issues like land acquisition, rehabilitation and political interference
India plans an annual steel production capacity of 124 million tonnes (MT) by 2011-2012. However, other than the already planned steel plant projects, most of the proposed steel plant projects in the country continue to remain in limbo. These are those greenfield projects, which simply refuse to gain momentum due to political, local, and rehabilitation issues.
ArcelorMittal’s steel project in Khumti district of Jharkhand has been marred by land acquisition issues for the past couple of years. Unable to sort out the local issues, the company now plans to shift the plant to another district in Jharkhand.
JSW Steel Ltd’s most talked about steel plant in West Bengal is facing delays, thanks to the Maoist issue. The company is developing a 10MT steel project at Salboni in West Bengal. It is facing political issues in continuing with the construction work of this project. The proposed steel project was expected to start construction work in 2008. However, company officials from JSW have been quoted in media reports stating that the work will begin in the next six months. Thus, the first phase of the plant is now likely to be completed in three years.
While JSW struggles amid political issues, POSCO’s steel plant in Orissa has stagnated. The steel company has been unable to acquire land for its Orissa project since 2005. POSCO Steel had proposed setting up a 3MT steel plant five years back, but there is absolutely no development on the same.
Similarly, Tata Steel Ltd’s project in Orissa too is at a standstill. The company is developing a Rs21,000-crore steel plant in Kalinganagar. The plant was facing opposition due to displacement and rehabilitation issues. Construction work on this project, which has been delayed by four years, is expected to commence soon.
Ironically, all these companies which are still to see any concrete development on their proposed greenfield projects, have also announced joint ventures with other steel majors or mining related companies.
According to a PTI report, POSCO India has teamed up with Steel Authority of India (SAIL) for its Jharkhand project. Given that SAIL has the required iron ore inputs, with this tie-up, POSCO’s steel project may now turn out to be feasible. The company had been struggling with its Orissa steel plant project from the past few years.
Tata Steel has signed a joint venture with state-run NMDC Ltd to explore possibilities of entering into joint ventures for the acquisition, exploration and development of mines, extraction and processing of minerals, setting up of integrated steel plants and any other business of mutual interest.
SAT, which last week dismissed the review petition of Shankar Sharma, has taken exception to his conduct in not informing the Tribunal about his filing of a civil appeal against a SAT order in the Supreme Court, and dismissal of the same by the apex court
The Securities Appellate Tribunal (SAT) has taken exception to First Global Stock Broking Ltd's (FGSB) Shankar Sharma’s conduct and for keeping it in the dark about his petition and dismissal of the same by the Supreme Court (SC).
While dismissing the review petition of Mr Sharma, SAT, in its order said: "We cannot but deprecate the conduct of the applicant (Shankar Sharma) on whose prayer we had stayed the operation of our order on 28.10.2009 in not informing us about the dismissal of his appeal in the Supreme Court when he filed his rejoinder on 3.2.2010 before the Tribunal. It is obvious that his intention was to keep us in the dark and enjoy the benefit of the stay as long as he could and he succeeded till the final hearing of the review petition. As already observed, the fact of the dismissal of the appeal was brought to our notice only by the Board when it filed Misc. Application No.15 of 2010 for the dismissal of the review petition."
Earlier in February 2009, market regulator Securities and Exchange Board of India (SEBI) barred Shankar Sharma from trading in the securities market for one year for indulging in synchronised trades, buying and selling at the same time, to rig share prices of 10 companies in 2001.
Following the SEBI order, Mr Sharma appealed to the SAT, which stayed the debarment order in March. He had also appealed to the Supreme Court against the SEBI order in December 2009, which was later dismissed by the apex court in February this year.
The SAT said, after its order on 28 October 2009, the counsel for Mr Sharma made an oral prayer that its order be kept in abeyance as the appellant wanted to file a statutory appeal in the Supreme Court. The SAT then extended its stay order from time to time till 30 November 2009.
Meanwhile, Mr Sharma, on 9 December 2009, filed an appeal in the Supreme Court under Section 15 (Z) of the Act and the same was dismissed by the SC on 1 February 2010. However the hearing of Mr Sharma's petition in the SAT was going on. He filed a rejoinder on 3 March 2010 to the SAT by which time his appeal was dismissed by the SC. However, Mr Sharma did not inform the same to the SAT.
The SAT said: “In fact, when the review petition was partly heard on 11.12.2009, he did not inform us that he had filed an appeal in the Supreme Court and instead we were informed that the applicant had been advised to first get the errors of fact rectified which, according to him, had crept into our order of 28.10.2009 before the Supreme Court could consider the appeal. The review petition was being adjourned from time to time and the stay already granted was being extended. It was on 11.2.2010 that the Board filed Misc. Application No.15 of 2010 in the review petition bringing to our notice that Civil Appeal No. 37 of 2010 filed by the applicant against our order had been dismissed on 1.2.2010."
Senior advocates Janak Dwarkadas with Somasekhar Sundaresan, Ankit Lohia, Ravichandra S Hegde and Vishal Khanavkar represented Mr Sharma while Additional Solicitor General Darius Khambata with Daya and Chloris John represented SEBI.