With the assistance of western investigating agencies including FBI and Scotland Yard, Indian investigators have found that the account was purchased on a fake identity card in Karachi and the payment of $300 (about Rs 15,000) was routed through a prominent money transfer service, official sources said.

The move along with other initiatives are expected to bring expenses by 150 to 200 million dollars annually by the middle of next year. In a statement on Thursday, Avis said it has frozen management salaries, adjusted the size and composition of its planned fleet and eliminated over 2,200 positions.

As the global economy limps into 2009, barometers for the real estate industry are bleak.

Rediff.com had sought readers' views on the US presidential election. Here are some responses.

Indians living in Florida seems to have thrown their considerable weight behind Barack Obama, if one were to go by comments from a cross section of society in different parts of one of the largest swing states in the United States presidential election, with 27 electoral college votes on offer.

Arjun Atwal clinched his maiden title in the United States at the Chattanooga Classic which earned him a ticket to the PGA Tour next season.

Travel pro Peter Greenberg makes sense of the airline mess and finds ways to make the most of a tangled travel situation.

A three-day international conference, held between June 27 and June 29, at the University of Central Florida, Orlando, discussed how the ancient Indian wisdom of the Vedas could shape and sustain future generations in the context of social, economic, environmental, and political upheavals worldwide.

India has extradited to the US a man accused by the Florida police of murdering his 20-year- old niece.

Reader Helene John sends us a photograph.

The selected students, picked for outstanding academic achievement, artistic excellence, leadership, citizenship and service to their schools and communities, will be honoured in a ceremony in Washington, DC, later this month.

Italy need to improve in defence, midfield and attack if they are going to make up the ground they lost on a delightful night for the Dutch in the Swiss capital.

Dutch squad penpix for Euro 2008.

A flawless back-nine -- studded with four birdies -- helped Arjun Atwal get over a front nine slump and the Indian turned in a three-under 69 in the penultimate round to rise to the tied 11th spot in the Nationwide Tour's Bank of America Open in Glenview.

Arjun Atwal turned in his best card of the week -- a two-under 70 in the final round -- to rise five places and sign off tied 25th in the Melwood Prince George's County Open on the Nationwide Tour in Woodmore.

Adlabs Launches India's First 6D Cinema at Agra. This cinematic technology promises out of this world experiences where the audience can simultaneously see, smell, hear, touch and 'feel' the movie by using cutting-edge visual and audio effects.

Arjun Atwal brought home his second successive card of 71 to jump to tied 30th after the penultimate round of the Melwood Prince George's County Open on the Nationwide Tour in Woodmore, USA.

Even as India's external affairs ministry has reportedly assured Canada that the Department of Telecommunications is trying to resolve the issue of a potential threat to India's security posed by BlackBerry phones, Research in Motion, the makers of the phones, said it is committed to addressing all aspects of the issue.

Seasoned pro Jeev Milkha Singh toppled Jyoti Randhawa to reclaim the highest ranked Indian's tag in the latest Official World Golf Rankings.

A couple of bogeys in the front-nine denied Arjun Atwal a top-10 finish and the Indian signed off tied 16th after carding a one-under 71 in the final round of the US $625,000 South Georgia Classic golf tournament.

Arjun Atwal continued to be upwardly mobile in the South Georgia Classic Golf Tournament, turning in a three-under 69 in the penultimate round to leap to the tied 27th spot in the $ 625,000 Nationwide Tour event in Valdosta.

Arjun Atwal returned the day's best card of six-under 66 to leap to the tied 19th spot after the penultimate round of the $ 500,000 Henrico County Open on the Nationwide Tour in Richmond.

Jeev Milkha Singh's tied 25th finish in the Masters helped him climb three places to 80th even though Jyoti Randhawa continued to be India's highest ranked golfer at 74th. Placed 83rd in last week's Official World Golf Rankings, Jeev, who notched up his best finish in a Major at the Augusta Masters on Sunday, rose to 80 in the latest chart, which also has Randhawa at 74, one place up from his previous 75th position.

Arjun Atwal got a huge monkey off his back after edging out defending champion Peter Hedblom of Sweden in a gripping play-off to win his second Malaysian Open title in Kuala Lumpur on Sunday.

When green house gas emissions began to shoot through the roof an innovative solution was found by introducing the concept of carbon credits. If you pollute you have to buy carbon credits which add to the company's operational expenses or cut emissions and create carbon credits that can be sold.

A resolute Jyoti Randhawa put himself in title contention by climbing to the tied second spot but it was heartbreak for veteran golfer Gaurav Ghei who was disqualified under bizzare circumstances on day three of the USD 2.5 million Johnnie Walker Classic in Gurgaon on Saturday.

The car crash in Florida that marred Arjun Atwal's season last year is finally a closed chapter for the Orlando-based golfer with the police clearing him of speed-racing charges that could have landed him in a legal mess.

The programme will cover India in terms of politics, technology, communication, culture and religion.

The wet and windy conditions at the Cengkareng Golf Club could not dampen Jeev Milkha Singh's game and the Indian got off to an impressive start with a five-under 65 that had him tied third after the first round of the Enjoy Jakarta Astro Indonesia Open on Thursday.

The Anil and Chitra Deshpande India Programme Endowed Fund, as it is known formally, is expected to sponsor public discussions involving prominent speakers, panels and other meetings; encourage scholarship and research; and work with partners worldwide to broaden awareness and understanding about the country.

Arjun Atwal remained on course to end a prolonged title drought while an upwardly mobile SSP Chowrasia joined the US-based Indian at tied fifth spot after the penultimate round of the Indian Masters in New Delhi on Saturday.

Reader Anshu Jindal sent us this picture from the USA.

The Orlando-based Indian golfer reckons he will have to sort out his putting on the grainy Bermuda grass of the Delhi Golf Club he goes into the final two rounds of the Indian Masters.

The Intel STS competition, often called the 'junior Nobel Prize', is said to be America's oldest and most prestigious high school science competition.

The Indian golfer ended up turning in his worst card of the week, a four-over 74, to aggregate two-under 278 at the Panama Movistar Championship.

Arjun Atwal scored a sedate penultimate round of two-under 68 to grab the lead at the Panama Championship.

Kalloori is an extremely candid look at life in a campus -- realistic, interesting and at the same time touching.

Arjun Atwal dropped a final-hole bogey to miss the cut in the Miccosukee Championship, Miami.

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