Nooyi and Pandit can head Tata group

With Noel Tata, Chennai born boss of Pepsico Indra Nooyi is also emerging as the possible would be boss of 71 billion dollar Tata group once Ratan Tata demits his corner office of Bombay house as a Chairman of India’s most diversified group.

It is learn that she is a close friend of Ratan Tata and there is a possibility that Ratan Tata would support her candidature for the top job. However, two other NRI Ceos heading very prestigious groups are also said to be in the race for the coveted post.

India Inc watchers say that 53 years old head of Citigroup of America Vikram Pandit too can emerge as the black horse to head the Tata group. Vikram has a formidable reputation as a banker and he has played key role in taking his bank out of storm that had hit the world during economic liberalization.

With Nooyi and Pandit, the name of Anshu Jain is also in race to grab the top honours. An ex student of Delhi’s SriRam college of Commerce Anshu Jain is currently the head of Deutsche Bank’s corporate and investment banking.

He is only 46 years and his grip on financial matters is outstanding. He can be an asset to the group. Veteran business journalist Aroon Kumar says that in the coming weeks and months, the speculations regarding the possible replacement to Ratan Tata would be intensely discussed.

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How to file your income tax returns!

As the d-day (31 July) to file the income tax returns is just couple of days away, it is high time that you file your returns before it is too late. If you are very busy, then you can file your returns online too. You are duty bound to do so.

You have to remember that filing of tax returns is mandatory for everyone whose gross total income exceeds the basic exemption limit, which is Rs1.90 lakhs for women below 65 years of age, Rs 2.40 lakhs for senior citizens and Rs 1.60 lakhs for any other individual, for the financial year 2009-10 (for income earned between April 2009 and March 2010). The due date for filing the tax returns for financial year 2009-10 in case of individual tax payers is July 31, 2010. The current tax returns don`t require any documents to be annexed.

According to noted income tax consultant,Surinder Gambhir,there is a misconception among some salaried individuals that because the employer has deduced tax at source, they are not required to file tax returns. Even though tax has been deduced and there is no other source of income, or liability to pay tax, you have to fileincome tax returns. It is necessary to file income-tax returns if the total income, before allowing any deduction, exceeds the exemption limit.

All you need is Form 16 and 16A along with the summary of all your bank accounts. And of course your PAN Card number.

There are eight Income tax return (ITR) forms. Depending on the various streams of income you earn, you have to select the return form accordingly. If you have income from salary, pension and interest income, then ITR-1 is the form for you. If you have capital gains or rental income or you’re paying off a home loan in addition to interest income and salary income, then you need to fill ITR-2. Make sure you select an appropriate form after taking into consideration, the flow of income from various streams.

There are two possible ways to file your returns—online and offline.

Though many are contemplating whether it’s worthwhile shifting from the old fashioned method of filing returns physically to a modern method i.e. e-filing which was introduced in the assessment year 2006-07, but the fact remains that with the last day for filingIncome Tax returns coming close, whatever means you choose-offline or online, what matters is that it is done before its too late.

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After thrashing wife, Rahul Mahajan 'feels sorry'

The family drama that was enacted when Rahul Mahajan thrashed his wife, Dimpy Ganguly, on the early hours of Thursday, Dimpy surfaced on Friday evening and told the media, “we both regret the incident. Rahul feels sorry for his action. Now everything is settled.”

Earlier in the day, Dimpy left his husband`s Worli house after she was beaten up by her husband. According to Mumbai Mirror, Dimply vowed never to return to her husband`s home. There were bruises on her chin, both hands and her left cheek was swollen.

According to Dimpy, Rahul beat her up after waking her up to know the contents of a message that had just beeped on her phone. When Dimpy asked him to let her sleep, he lost his temper and began hitting her. She was punched, kicked and dragged her by her hair.

Rahul, son of late BJP leader Pramod Mahajan, has been accused of domestic violence in his first marriage also. He divorced his first wife, Shweta Singh, as he used to beat her too. The couple divorced in August, 2008. It may be recalled that he was even charged with use of drugs in the past.

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Happy extroverts 'more creative', says study

Outgoing people in a good mood are more creative than the introverts, says a new study.

Extrovert people in a good mood are the most creative thinkers because they have more of the `happiness chemical` dopamine, according to Lorenzo Stafford, University of Portsmouth psychologist.

However, people who keep themselves to themselves are not creative whether they are in a good or neutral mood.

Stafford said his results showed personality and mood play a significant role in creativity.

"The more outgoing a person is, the more active their dopamine system is and a positive mood increases dopamine activity even further in many parts of the brain," the Scotsman quoted him as saying.

"It is the combination of the extrovert personality-type in a positive mood which encourages more creative performance, and not positive mood alone," he added.

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Take big bites and avoid weight gain

The traditional advice to properly chew food is not always best as a new study has revealed that chewing food less and taking big bites can help people avoid weight gain.

A team, led by the University of Canterbury, has found that taking bigger bites and chewing food less can make people feel full longer and thereby help regulate weight as the food gets broken down more slowly in the stomach.

This meant people can feel fuller for longer and the slow release of energy could be burned off over time, say the researchers.

"The way people chew the food depends more on the food's properties, not the individual, so you can design food which people won't chew much and (food they) will chew a lot," team leader Marco Morgenstern was quoted as saying by PTI.

In their study, the researchers found that their findings included the benefits of eating whole-oat muesli and wholegrain bread which made people feel satisfied for longer. Pasta was also found to have a slow-release energy.

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Older women are more sexually activ

Earlier, people had a wrong notion that elderly women are least interested in sexual moves and they have lost the colour of romance in their life. If you think that post menopause women loses all her seduction then think again, because a new study says that middle-aged women are sexually more active and enjoy better orgasms than younger women.

So, the hubbies of middle aged women need not to worry, because your lady is as young and energetic as she used to be in her newly wedded days.

The results from the test group certainly seems to prove that women who are older have more sex, though the reason for this has yet to be conclusively proven. Women between the ages of 27 and 45 reportedly have more sex than those in the age group 18-26 and also 45 and above.

The study therefore also shows that women have a sharp decline in interest for sex after they reach menopause. According to Buss’ article, the feedback in the questionnaire used also showed that women older than 27 and younger than 45 were also more likely and open to fantasizing and being with men other than their regular partners. The results were the same for single and married women and also women who were mothers.

Sexual dysfunction has been described as low sex drive or libido, followed by difficulty with

"Self-esteem, sense of wholeness and relationships can be seriously and adversely affected, exacting a heavy emotional toll. Researchers have found significant associations between major categories of sexual dysfunction, reduced physical and emotional satisfaction and general well-being,".

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Cloudburst, flash floods kill over 100 in Leh; many missing

At least 100 people were killed and several are missing after flash floods and cloudburst hit parts of Leh on Thursday night.

According to reports, the communication system in the area was badly affected because of the cloudburst which was accompanied by heavy rains. Because of this the exact number of casualties is not known yet.

A polytechnic college, headquarters of the Bharat Sanchar Nigam Ltd, the Indo-Tibetan Border Police camp, many government offices and houses have been damaged. The Leh airport has been flooded.

As many as 4,000 army men, and Central Reserve Police Force (CRPF) and police personnel have launched a massive relief and rescue operation.

Chief Minister Omar Abdullah has expressed grief over the tragedy. He has directed the civil and police administration to undertake relief and rescue work.

Old Leh city is worst affected, with the main hospital, SNM Hospital, flooded and the main bus stand flattened.

Prime Minister Manmohan Singh has expressed grief over the loss of life and property.

"The Prime Minister is grieved to learn about the loss of life and property in the flash floods which hit Leh after a cloud burst last night,” a PMO statement said.

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