The Income Tax Department raided at 70 places in eight Indian states for investigation against the charges that were made on former Jharkhand CM and MP for having disproportionate assets, on Saturday.

IT Department Director Ujjal Kumar Chaudhary said that his team is currently probing Madhu Koda and his liaisons Vinod Kumar Sinha and Sanjay Chaudhary for havind disproportionate properties at 70 places of eight cities of the country.

He further added that the search operation is based on the intelligence reports received recently.

Samsung Omnia II is likely to be launched by Verizon on November 1st in the Indian market. However, the company has not confirmed the report yet.

As per reports, the new handset will have a 65K WVGA R-type 3.7-inch AMOLED screen, with 5MP camera that can record videos at 720x480 pixels.

Powered by Windows Mobile 6.5, the handset also features Bluetooth, USB and Wi-Fi facilities.

India and World Bank have recently signed a deal, according to which WB will issue a loan of $4.2 billion for the infrastructure projects as well as for re-capitalizing the public sector banks.

The deal was signed in the presence of the legislative bodies of the central government, Indian Infrastructure Finance Co. (IIFC), PowerGrid Corp and the World Bank.

Bollywood’s hottest couple Saif Ali Khan and Kareena Kapoor created a record of longest on-screen kiss on the sets of their upcoming film "Kurbaan".

‘Kurbaan’ is directed by Rensil D’Silva, who thinks that a certain part of the sex-starved vierwers will come to the picture halls just to see Saif and Kareena in bed.

He added that this lovemaking moment by the hot Bollywood couple will definitely steam the audiences.

Bollywood hot and sexiest actress, Bipasha Basu is ready to play the role of an angry young woman in her upcoming film ‘Pankh’.

The Bengali beauty, who is fed of being known as sexy, will play the role of a Kashmiri girl in ‘Lamhaa’ and the alter-ego of a man in art-house movie ‘Pankh’.

During the launch of its new multimedia mobiles in the Indian market, Karbonn Mobiles said that it is aiming to invest around Rs 100 crore in the current financial year.

Moreover, the company anticipates gaining 7-10 percent market share in the multimedia handset zone in India.

Karbonn Mobiles is a joint venture between Delhi-based Jaina groups and UTL.

Asus has announced the launch of its two new GPS-enabled smartphones including M20 and G60 in the Indian market.

The newly launched models are available in the market at the cost of Rs 31,900 and Rs 29,900 respectively.

The new M20 has 2.8 inch touch screen and is loaded with recently launched Windows Mobile 6.5 Operating System. The handset, which weighs just 99 grams, has 3Mp camera and ‘car –finder’ feature as well.

Amitabh Bachchan will not appear at the opening ceremony of the Couture Week as a show-stopper as fashion designers Abu Jani and Sandeep Khosla have decided to move out of the HDIL India Couture Week at the last minute.

Jain and Khosla have withdrawn from the Couture Week citing disrespect shown by the company’s personnel managing the whole event.

During the opening ceremony of T-20 Champion League, Karbonn Mobiles has announced the launch of its two new handsets named ‘K560’ and ‘K460’. The company has also announced itself as official sponsor of the South African team ‘Cape Cobra’.

Karbonn Mobiles, the United Links’ and Jaina’s joint venture, came into existence in March 2009 and doing quite well. The company has over 1.5 million customers And 500 service centres across India. 

Reliance Mobile, major telecom provider in India, has announced that the company has joined hands with Canadian firm Research In Motion to roll out BlackBerry Tour smartphone for its CDMA consumers in India at Rs 27,990.

The company will start selling BlackBerry Tour, a 3G-enabled smartphone, from October 12, 2009.