Gold biscuits smuggled from Sri Lanka seized in Tamil Nadu

Indian authorities have seized gold biscuits smuggled from Sri Lanka after detaining two people, The Hindu newspaper reported.Close on the heels of Q Branch police seizing 6.856 kg of gold biscuits smuggled from Sri Lanka, the Directorate of Revenue Intelligence (DRI) seized 9.293 kg of gold biscuits, also smuggled from Sri Lanka, in Thondi in Tamil Nadu after detaining two persons. Acting on specific intelligence, DRI teams from Thoothukudi and Madurai made the seizure at the Thondi bus stand when the two persons – acting as agents of smugglers — came to board a bus to Chennai, DRI officials said. Enquiries revealed that a person received the contraband from a contact in Sri Lanka on the high seas off Thondi and brought it to the shore. On being handed over, the two persons, identified as Saravanan (40) and Ramadoss (41), set to carry the smuggled gold to Chennai when the officials intercepted them. The accused were in possession of eight gold biscuits with foreign markings and each weighed one kg, the officials said, adding few of the pieces were found moulded. The accused, who hailed from Paramakudi, would be produced before the jurisdictional magistrate court in Madurai and remanded in judicial custody, the officials said.The DRI has made the seizure a week after the Q Branch police had seized 6.856 kg of gold after detaining a person at Mandapam south fishing jetty on November 20. This was DRI’s major seizure after it had seized 28 kg of gold biscuits, smuggled from Sri Lanka in three different places, including the East Coast Road, near here and Sayalkudi in July. read more

Tembec tightens thirdquarter loss to 4 million as sales decline slightly

by The Canadian Press Posted Aug 1, 2013 6:03 pm MDT Tembec tightens third-quarter loss to $4 million as sales decline slightly AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email MONTREAL – Forestry company Tembec (TSX:TMB) tightened its losses in the third quarter, even as sales dipped and a weaker Canadian dollar affected prices.The Montreal-based firm said Thursday that it lost $4 million, or four cents per share versus $5 million, or five cents per share in the comparable period a year earlier.Sales for the pulp and paper company dipped to $399 million from $415 million.The decline of the loonie pulled down Canadian dollar equivalent prices by $9 per tonne, the company said in a release.The overall results were still in line with expectations, it added, though demand for its specialty grade pulp was softer than anticipated.“We anticipate that it will be one or two quarters before we see an increase in demand for specialty grades,” the company said.Tembec shares rose nearly six per cent, or 14 cents, to $2.52 on the Toronto Stock Exchange. read more

Powerplay goals lift Minnesota Wild to 32 win over Vancouver Canucks

VANCOUVER — A pair of goals from Jason Zucker led the Minnesota Wild to a 3-2 win over the Vancouver Canucks Tuesday night.The victory snapped the Wild’s three-game losing streak and extended a slump that has seen the Canucks post a single win in their last 13 outings.Zach Parise also scored for Minnesota (15-10-2).Josh Leivo and Tyler Motte put up goals for Vancouver (11-15-3).Devan Dubnyk made 29 saves for the Wild and Anders Nilsson stopped 25-of-28 shots for the Canucks.Leivo put Vancouver on the board 7:02 into the game, scoring on his first-ever shot in a Canucks uniform.He collected a pass from rookie Elias Pettersson in the slot and flipped it over Dubnyk’s blocker to open the scoring.The 25-year-old left winger was dealt to Vancouver from the Toronto Maple Leafs on Monday in exchange for AHL forward Michael Carcone. Leivo had four goals and two assists in 27 appearances for the Leafs this season.The Wild responded to Leivo’s goal by netting one of their own on the first power play of the night after Canucks defenceman Michael Del Zotto was called for tripping.Just 15 seconds into the penalty, Matt Dumba took a hard shot from the top of the faceoff circle and Parise deflected the puck in past Nilsson to tie the game.The Canucks were slow to start in the second frame, going more than eight minutes without registering a single shot.Vancouver eventually found some fire and the back of the net.Tim Schaller got the puck to Motte in front of the Wild’s net and the centreman swept it in past Dubnyk.Minnesota rallied back with a pair of power-play goals less than a minute apart.Canucks defenceman Alex Edler was first to the penalty box, getting called for interference. A minute later, Del Zotto got caught cross-checking, handing the Wild a two-man advantage.Minnesota was quick to capitalize with Ryan Suter taking a hard shot that Zucker tipped in.Fifty-five seconds later, Zucker scored again, putting the Wild up 3-2.Mikael Granlund had assists on both goals and is riding a three-game point streak.Minnesota has 11 power-play goals in its last 10 games.Meanwhile, Vancouver has spent 325 minutes in the penalty box this year, more than any other team in the league. The Canucks’ penalty kill was ranked 23rd in the NHL going into Tuesday’s game.The second period of the game closed with a scuffle after Canucks left-winger Jake Virtanen was nailed hard from behind along the end boards by the Wild’s Greg Pateryn.Virtanen was slow to get up and left the ice leaning over on his stick for support. He returned to the game early in the third period.Pateryn was called for boarding.The Canucks out-shot the Wild in the third frame, but couldn’t get the puck past Dubnyk.The Canucks wrap up a five-game homestand on Thursday when they host the Nashville Predators.Gemma Karstens-Smith, The Canadian Press read more