Control the nextgen iPods by your eyes..

wink to change song on iPod

Its true, A Japanese researcher has developed a new technology that will allow users to control their iPods by just blinking their eyes. With this new technology sensors clipped to a pair of glasses / headphone detect movement in the user’s eyelids. Different movements will trigger different iPod functions. Close one eye and blink the other to skip song or close both eyes to pause the song etc etc. But what about accidental clicks?

More here

We are on Leave!

Hello friends,
Its quite sad on our part that, we have been unable to post anything in here, since the last sometime and also won’t be able to do so for a month.

Actually, as mentioned on the About Us page, we the posters/owners here on are students of Class XII. And if you are a bit concerned of education systems out there, you will know that Class 12 students under CBSE are going to have board exams from 1st March, which are to end on some 4th April.

We, Team CorpoAlert would have our exams ended on 27th of March. After that, we would be back in full motion with everything you like. We Promise that when we are back, you will get to see a lot more new features in here.

But, our leave doesn’t mean total leave. We will always try in our free time to post something or the other interesting in here, if its important. So, to keep in Touch with us, you can subscribe to our feeds.

Till then, Just a Good Bye from us, and hope for a Good Luck for Exams from you. We regret for the inconvenience.

Team Corpoalert


Reliance Power Board Approves Bonus Shares in 3:5 Ratio

In the Board meeting held today (the 24th of February, 2008), the Reliance Power Board approved the proposed Bonus Shares to be issued to all the share holders of Reliance Power. This was announced in a Press Release, which can be read here.

The Board approved free Bonus Shares in the Ratio of 3:5 (i.e. 3 Bonus shares for every 5 shares held) to all Shareholders (excluding the Promoter Group), subject to necessary approvals.

As the Press Release Says,

Rs. 269 per share for retail investors, 40% lower than the IPO price of Rs. 430.
Rs. 281 per share for other investors, 37% lower than the IPO price of Rs. 450.

The loss is to be incurred by the Promoters. And to save Reliance Energy’s share in Reliance Power, Anil Ambani is to contribute personal shareholding by 2.6%. This issue of Bonus shares, will decrease Anil Ambani’s Share from 45% to 40% (approx).

This Bonus Share issue has been a great step towards saving Reliance Power’s continuous falling of prices, which were slightly recovered with the announcement of this issue. But then again had stopped increasing with another announcement by Anil Ambani saying that the Bonus Shares will be issued only to those share holders, who don’t sell off their shares for at least 60 days.

Another thing to note in here is that, the present press release, mentions nothing regarding this 60 days condition, except for a few words “subject to necessary approvals”.

Reliance Power’s IPO closed on January 18, 2008, receiving an overwhelming and record
breaking response, with commitments of nearly Rs. 7,50,000 crore (US$ 190 billion), from
nearly 500 institutional investors across the globe, and 5 million retail investors.

Reliance Power is implementing power projects with aggregate capacity of over 28,000
MW, by far the largest development pipeline in the country.


NRI making global mark

NRI businessman S Sivasankaran, who hit the headlines in 2005 by selling his telecom business Aircel to Maxis of Malaysia for $800 million, has acquired a Norwegian shipping firm, JB Ugland Shipping (JBUS), for Rs 1,200 crore. Mr Sivasankaran, who now heads the diversified Siva Ventures as the group chairman, confirmed the development.
Mr Sivasankaran told ET that the group has identified shipping as a key business area considering its growth potential. “For shipping of bulk commodities, the demand from India is likely to see an explosive growth on the back of the increased raw material demand for the new power and oil refining projects coming up in India, a large number of which are based on imported raw materials,” said Mr Sivasankaran.
JBUS is a Norway-headquartered shipping company with a fleet of 40 owned and long-time chartered vessels with an aggregate capacity of approximately 2 million deadweight tonnage (DWT). The company’s fleet consists of a mix of tankers and chemical and bulk carriers. The fleet has an average life of approximately four years. It is also acquiring new vessels which will be delivered in phases over the next three years. The company’s main operations are centered in Oslo, Norway and Singapore.


Microsoft goes harsh on Yahoo!

When Yahoo Inc board rejected Microsoft Corp’s unsolicited $41.6 billion takeover offer on Monday, forcing the giant software maker to either sweeten the bid or adopt a hostile approach to clinch a deal, saying that it has ‘undervalued’ Yahoo Inc., Microsoft is now trying another way of getting the deal done, the harsh one as suggested earlier that it reserves the right “to pursue all necessary steps.”.
Microsoft Corp will authorize a proxy battle for Yahoo Inc this week to convince the Web company’s shareholders to agree on a takeover deal that the Yahoo board so far has rejected.
Quoting people briefed on the matter, the Times Web site said that Microsoft, which has been expected to raise its cash-and-stock bid originally worth $44.6 billion, would seek to nominate a slate of directors by March 13, if Yahoo’s board did not enter talks.
“Microsoft is doing the smart thing. It’s giving both the carrot and the stick,” said Morningstar analyst Toan Tran. “The carrot was the big premium on Yahoo stock and now the stick is the threat of a proxy fight.”

eBay sellers on strike against new policies!

eBay sellers are about to go on strike, in protest of the new eBay policies and fee hike! No Buying No selling!. The movement has been gaining momentum with the official strike thread on the community running over 11000 posts. Starting from eBay US the strike is spreading across eBay Australia, eBay UK and even eBay India!

“Ebay Has elected to change their policies that will affect thousands of sellers all over the world. It is time to fight back…Join our Crusade Feb. 18 – 25 and ban to NOT Sell or Buy on Ebay. We have a voice!!!”

Youtube Videos, Yahoo groups, eBay forums, and emailers are being used to promote the strike. eBay’s proposed changes are ready to take effect from 20th Feb, this will now overlap the strike during the week 18-25th Feb.

At any given time there are millions of products for sale on eBay, it is estimated that this strike will significantly affect eBay. So why exactly the strike? There are several new policies and fee hike that eBay is introducing. Sellers feel that these changes would adversely affect their business.

Read more at OnlyGizmos


Yahoo! to merge with Google forming ‘Yoogle!’??

Is that really possible?? I was shocked to hear this from some friends…. Possibilities are surely there.

Yahoo! is now thinking to merge with Google than with Microsoft. In other words, Google is in line to bid for Yahoo!. In some more words, Google comes into competition with Microsoft for buying Yahoo!.

At once place around I even heard the word “YooGle!!”.. Whether this name is formed or not! The name is surely nice. I, having interest in domain names, just thought of checking out, if is available. I found that this domain was registered in 2000 itself and is registered till 2009 i.e. next year. You can see it here..

Don’t you think, if Yahoo merges with Google for now, and take the name Yoogle!. The owner of the domain ‘’ is going to be damn rich.

Anyway, is this possible that Yahoo! merges with Google?? I think it is possible. Because, if Yahoo merges with Microsoft, I bet Google will go behind the scenes. The whole world would face a drastic change.

In the present case i.e. of Yahoo!, Yahoo is surely going to be sold out! But the question arises to whom??

Now, where did I get the name of Google, in the queue of bidding for Yahoo?? Its a rumor, I heard around the web. But don’t think it a rumour, completely a rumour. Sometime back, even the bidding of Microsoft was regarded a rumour which was then announced officially by Microsoft.

Now here’s a quote from Reuters

To fend off Microsoft’s overture, a Yahoo source said on Sunday the search company would consider a business alliance with Google.

Needless to mention, this has been said, regarding the bid of Microsoft for Yahoo of $44.6 billion. We can surely expect an announcement from Google! regarding its bid on Yahoo in a couple of days.

And as Google CEO often says, “we don’t disclose our plans beforehand”!! , there might be some truth.


RBI proposes reduction in ATM charges

ATM Charges reduction RBI Indian BanksReserve Bank of India issued a draft notification to Indian banks to reduce the charges for use of ATM service. Banks charge a variable fee from customer accounts for withdrawing money from ATM of other banks. RBI has proposed a ceiling of Rs 20 for such transactions while the current charges are around Rs 50 for each transaction.

RBI has further said that banks must not charge any money for using other services like balance inquiry or account mini statement.

Get fast life insurance quotes from several life insurance providers and save up to 40%. If you want to get a new car why think twice? Get car loans with cheap car insurance and you will be rewarded with a visa card gift. There are so many types of cards like the 0 credit cards with no annual fees. These cards are covering the dental insurance. Don’t worry about your geek gadgets at home get your house insurance now.


Bank of Maharashtra to raise Rs. 200 crore

The Bank of MaharashtraBank of Maharashtra has announced that the bank will issue unsecured, non-redeemable subordinated tier-II bonds in the nature of promissory notes to the extent of Rs 200 crore to augment the bank`s capital adequacy requirements.

The bonds will carry coupon rate of 9.20% p.a. for a period of 123 month, public sector bank said in a release.

The issue opens on January 11 and closes on January 14, and the deemed date of allotment is January 15.

Latest Happenings of the Corporate World