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NASA is looking a little long in the tooth compared to the European Space Agency. Monday, NASA will launch a long-awaited repair mission to install improved instruments on the Hubble Space Telescope, originally launched in 1990.
Thursday, the Europeans will launch two much more advanced telescopes (right) that can see photons, even those reaching back to the Big Bang. Hubble sees visual light. The Europeans' one-up-manship comes as the White House announced a major review of NASA operations, to be completed by August, that threatens serious changes in the way NASA does business.
The big story with NASA, Harwood reported, is that the White House projected budget for 2010 released last week shows a $3.1 billion cut in NASA's exploration activities. "If the three-plus billion dollars in the out years, if that cut stands, then there's no moon by 2020 and maybe none at all," an senior space manager at NASA told Harwood.
Meanwhile, the Europeans are launching on Thursday Herschel, an infrared telescope with the largest mirror ever launched into space (11.5 feet across), and Planck, which will study the cosmic background radiation of the universe, the Miami Herald reports.
Infrared is important because light from the oldest objects are stretched out to the red end of the spectrum. The U.S.'s best effort at infrared is the Spitzer Space Telescope, launched five years ago with a measly 2.8 feet mirror.
courtesy : ZD Net
NEW DELHI: South Korean mobile phone manufacturer, LG Mobile's assessment is that India can overtake China and become its largest market in terms of size and demand for handsets in the near future. In the background of a sharp economic slowdown in the US and Europe, the company has identified India as a strategic market for investment for its GSM and IT verticals, its managing director Moon B Shin said during an interaction with ET.
How important is India for LG, especially with demand in developed countries such as the US slowing down? What are your plans for India in the current fiscal?
India is an important market for us due to the opportunities it presents. We have plans to launch more than 32 new models here, of which six will be touch phones, while many other models will be 3G-enabled and some of these will also be entry level phones.
At present, we have about three touch phones and six 3G-enabled handsets already in the market and we plan to have about 10 models each in both these segments by the year-end. We are betting big on the touch screen segment and we are targeting sales of up to six lakh units and a 10% market share in this space alone within the next six months.
What will be your investments in India this fiscal?
We will double our investment this year and the company as a whole will spend about Rs 400 crore on advertising this year. Additionally, we will invest Rs 200 crore in R&D to study market dynamics and consumer behaviour here. We are looking at increasing our headcount in our sales vertical to enhance our presence.
How many of the products you sell here are made here? How have your sales been so far?
Currently, we manufacture mobile phones at two units located in Pune and Greater Noida and these plants have a production capacity of three million units per year. About 70% of the production is exported while the rest is for domestic consumption. We sold about 2.4 million GSM handsets in India last year and we expect a 50% increase in sales this year. Our institutional sales account for just 10% our total mobile sales.
Currently the Indian mobile handset market is dominated by some of your competitors. How are you looking at improving your brand visibility here?
LG is rapidly gaining market share in the GSM market, despite being a late entrant. We are already the fifth-largest player in the segment. I believe our distribution line was poor earlier, but now we are reworking our strategy here.
Based on the analysis of our marketing team, we are deploying 1,000 additional shop sales executives and we will be launching about 1,000 additional shop-in-shop formats in rural and tier II cities. On the organised retail front, the overall channel coverage is at 42%.
courtesy : The Economic Times.
CHENNAI: When Netscape launched its Internet browser, nobody anticipated the kind of changes Internet would bring about in human behaviour and the interface with the external world. The much talked about "cloud computing" promises to change the way Information Technology people look at delivering IT and the way business people look at IT.
Consumers using the Internet are not aware of the location of the server or the delivery of information/service to them or the route taken by the data to travel. As technologies developed, vendors have started offering the entire range of services required by an organisation over the Internet safely and securely. This in a way refers to cloud computing.
In cloud computing, the user need not own the technology platform, technology infrastructure or required software. They become available like power at the press of a switch. In a way, much of capital expenses (hardware, infrastructure cost, etc) is converted into revenue expenses with cloud computing.
Today, IT vendors such as Sun, IBM, HP, Microsoft and Google swear by the cloud computing architecture. They say it will bring a new level of efficiency and economy to deliver IT resources on demand. In the process, it opens up new business models and market opportunities.
"If you want to slash your IT spending, maximise the flexibility of your systems, and be able to run your business from almost anywhere, then it's time to jump on the hot new IT trends: cloud computing, and software-as-a-service (SaaS). You are probably already using some SaaS tools such as Gmail, Hotmail and YouTube, which are all free examples of SaaS delivered via the cloud," says an IT analyst.
"The pay-per-use" model of cloud computing allows maximum IT efficiency with minimum cost. However, the real benefit comes from business agility to exploit opportunities leading to maximum returns. The recent emergence of massive network bandwidth and virtualisation technologies has enabled this transformation.
Cloud computing does not imply that one discards the entire existing infrastructure and embraces the cloud. One can complement the existing infrastructure with required parts from the cloud. "Actually, an IT organisation can increase hardware utilisation rates dramatically and to scale up to massive capacities in an instant -- without constantly having to invest in new infrastructure, train new personnel or license new software. It also creates new opportunities to build a better breed of network services, in less time, at a lower cost," says S. Madhavan, founder of GQuotient.
Services for all
The common perception of state-of-the-art IT infrastructure is the cost and that only big players can afford it. But cloud computing makes services available to all irrespective of size. "While big businesses are leading the way in the use of cloud and SaaS tools, experts argue, the benefits are probably the biggest for small and medium-sized companies which often cannot afford to hire IT staff to build, manage and maintain their systems. Under the cloud computing model, these functions are effectively outsourced."
The pay-as-you-go model behind cloud computing and SaaS allows smaller companies to increase (or decrease) their IT investment in systems as their firms grow. In the current economic development, SMEs will be attracted towards cloud computing, SaaS and virtualisation. These models can help smaller businesses deliver new products and services quicker and at a lower cost, says a recent report by consulting group BroadGroup.
The SaaS model is gaining a lot of traction in the business world, with most large software vendors and application service providers, including HP, IBM, Microsoft and Salesforce.com, now offering business applications such as customer relationship management (CRM), databases, knowledge management and web development software as web-based utilities.
Analyst Gartner estimates that typically organisations have a project savings of 25-40 per cent by deploying SaaS-based CRM applications. SaaS is particularly attractive to the SME sector because it removes the high entry costs associated with some business applications.
But who owns the "cloud"? What is the security? What is the percentage of external and internal cloud one should own? These are the some of the commonly asked questions. In the current trend, SUN, IBM, HP, SAS and others have started outsourcing cloud computing. They have started setting up cloud computing facilities to provide on-demand services.
With IT budgets under pressure, the corporates could use cloud computing selectively, and some of the challenges like security will be resolved as this industry matures.
courtesy : The Hindu
Samsung expands its "A touch for every lifestyle" strategy with the new Samsung Star S5230 and the Samsung Preston S5600 which have been launched recently. These phones join the popular line of touchscreen cellphones. These phones are 2.5G and 3G respectively and both of them utilize Samsung's TouchWiz GUI. The S5230 sports a 3-inch WQVGA display whereas the S5600 sports a 2.8-inch QVGA panel. They both brag of compact design and intuitive usability.
The Samsung Star S5230 measures a mere 11.9mm in thickness. It has a 3.2 megapixel camera for crystal clear pictures. It is capable of recording QVGA resolution videos at up to 15 fps. It has an internal storage of 50Mb which can be further expanded to 8GB via a memory card slot. There exists an accelerometer to flip between portrait and landscape orientations. The presence of an on-screen QWERTY keyboard aids texting and emailing. Additionally, there is handwriting recognition for ease-of-use. The "Photo Contact" option allows users to call a contact by simply touching an appointed image.
It also supports multi-format and DNSe to make it user-friendly and for better audio quality. Through Shazam's "Find Music" service the phone features music recognition. Browsing the Internet is easy with the accelerometer sensor for auto-rotation. In addition, the product arrives in several colors including Soft pink and Snow white.
There isn't any information available about the pricing when it launches in Europe, Middle East Africa, South East Asia, South West Asia and Latin America from April 2009. However it is expected that the pricing will be reasonable considering the fact that high-speed data connection is not available. To add on to their pride, two million handsets have already been pre-ordered according to Samsung.
The Samsung Preston S5600 shares many similar features with the Samsung Star S5230 such as camera, accelerometer and PMP functionality. However it has added benefits like 7.2Mbps HSDPA connectivity and 80MB of standard memory (again with an 8GB-capable card slot). Favorite applications can be accessed with ease, thanks to the mobile widgets that can be placed on the screen for one-click access. It features music recognition using Shazam's "Find Music" service and Multi-codec support including H.263, MPEG4, and WMV. Samsung Preston will be available in an assortment of colors including Sweet pink, Snow white, and Charcoal grey colors.
It will be available in Europe and Asia from May. Again, there has been no mention about the pricing.
"Samsung Star and Samsung Preston are significant additions to our full-touch screen mobile portfolio, featuring all the essential functions in one single device," commented JK Shin, executive vice president and head of Mobile Communications division at Samsung Electronics. "I am pretty confident that the products will be one of our historical best selling mobiles. Focusing on our consumer-oriented strategy, Samsung will deliver various full touch products for every lifestyle," he added.
In keeping with the product launching, Samsung will conduct a range of marketing activities. The 'Samsung Mobile Live' venture, the company's "experiential marketing" program will be held at popular areas in countries witnessing major launches from June. Consumers will get the opportunity to touch and learn about the newest features of Samsung's full touch products at this event; minus the pressure of a sales pitch. The core message of 'Get in Touch' will be put across in a compelling way throughout the duration of the program to strengthen its dominance in full touch products.
People from Eastern Europe, Latin America, Middle East Africa, South East Asia and South West Asia will get to view a new television commercial for Samsung Star from end of May.
courtesy : Mobiletor.com
BANGALORE: Diversified U.S. engineering company Honeywell International said it remained committed to India as a manufacturing, engineering and R&D location even as President Obama proposed reductions in tax benefits to U.S. companies investing in subsidiaries outside the country.
Speaking at the inauguration of Honeywell's new $50 million R&D and engineering facility in Bangalore, Chairman and CEO Dave Cote said India was an integral part of the company's global growth strategy. The company would continue to grow and build capabilities in India.
"I get worried when I hear about protectionism. It is certainly worrisome and harmful," said Mr. Cote. "It would cause people to believe in things that would be harmful in the long run. I am a big fan of creating jobs everywhere," he added.
Mr. Cote said anything that prevented globalisation would be harmful to standards of living around the world, even in the country that initiated it.
Honeywell expects sales of about $600 million in 2009 from India, which is slightly higher than what it earned in 2008. China and India would grow at double the pace than in the developed economies, he said, terming the two economies as bright spots in the world.
For the first quarter of 2009, the company reported a drop in profit and cut full year earnings forecast on the back of slower sales in its key business divisions comprising aerospace, automation and control solutions, transportation systems and speciality materials.
In India, Honeywell expects business to grow in all the four divisions. The company is collaborating with Hindustan Aeronautics Ltd (HAL) to produce TPE331 aircraft engines in India, as well as pursuing a programme to re-engine the Indian Air Force's strike aircraft with its F125IN turbofan engines. At present, Honeywell has 10,000 employees in India, compared with 1,000 in 2002. It has five manufacturing facilities in the country.
The new 6.90 lakh sq. ft. facility, the largest in the company, can accommodate 3,000 people, and it would move in people from its temporary locations in Bangalore, it said.
Mr. Cote said a majority of U.S. companies was saying that the recently proposed measures were bad not only for the U.S. economy but also for the global economy.
courtesy : The Hindu.
HYDERABAD: The State government cracked the whip on Saturday suspending two high ranking officials of the water board and transferring the Chief General Manager even as it sounded an alert over the outbreak of cholera in the State capital asking the health machinery to initiate precautionary steps to contain the spread of disease.
An alarmed district machinery swung into action and rushed several teams to Bholakpur, the epicentre of the cholera outbreak, to raid eateries and the bone factories in the locality and sealed them on charges of being run in totally unhygienic conditions.
Meanwhile, the inflow of patients into hospitals ebbed with Gandhi Hospital admitting 20 patients and the Fever Hospital seven patients only. Some of those already admitted were discharged as their condition improved. No deaths were reported on Saturday.
Health Secretary L.V. Subramaniam who rushed to Fever Hospital and Gandhi Hospital sought to assure that the situation was well under control.
Meanwhile, Ms. Neetu Prasad, Additional Commissioner of GHMC, who inquired into the Bholakpur water contamination episode, submitted her report to the government, based on which water board General Manager Praveen Kumar and Deputy General Manager Rajasekhara Reddy were suspended. The board's CGM P. Manohar Babu was transferred.
Ms. Prasad squarely blamed the water board officials for their 'negligence and indifference' and observed that there was no sincere effort to find a solution to the choking of drains and contaminated water being supplied despite several complaints lodged by residents of Bholakpur.
Chief Minister Y. S. Rajasekhara Reddy who is away in Kadapa reviewed the situation and ordered the suspensions based on the GHMC official's report.
Finance Minister K. Rosaiah told reporters that12 samples out of 40 collected at Fever Hospital tested positive for cholera.
courtesy : The Hindu.
Dell's new Inspiron 535 and Inspiron 545 slim and mini-towers expand the design and personalization possibilities for consumers, transforming from the "built- for-me" model, into "made-for-me", as claimed by the press release. Available in eight vibrant colors, these desktops debut today in India and are available for purchase through Dell's website, www.dell.co.in
Configuration options are wide, with CPUs ranging from the new Pentium to quad cores being offered. Upto 8 GB of RAM and 1TB of storage, ATI video cards on select configurations are other options.
The color options are Piano Black, Pure White, True Blue, Formula Red, Tangerine Orange, Spring Green, Plum Purple and Flamingo Pink. The press release further claimed Dell is the only major consumer desktop manufacturer to offer color options for the entire front of the machine. The pricing starts from Rs. 25,400.
courtesy : PC World
இந்தியா உள்ளிட்ட வெளிநாடுகளில் தகவல் தொழில்நுட்ப மென்பொருள் தொடர்பான பணிகள் மற்றும் பி.பி.ஓ பணிகளை அளிக்கும் அமெரிக்க நிறுவனங்களுக்கான வரிச்சலுகை ரத்து செய்யப்படும் என்ற ஒபாமாவின் அறிவிப்பால் இந்திய ஐ.டி. துறைக்கு பாதிப்பில்லை என்று இன்ஃபோசிஸ் நாராயணமூர்த்தி தெரிவித்துள்ளார்.
இந்தியா உள்ளிட்ட வெளிநாடுகளில் தகவல் தொழில்நுட்ப மென்பொருள் தொடர்பான பணிகள் மற்றும் பி.பி.ஓ பணிகளை அளிக்கும் அமெரிக்க நிறுவனங்களுக்கான வரிச்சலுகை ரத்து செய்யப்படும் என்ற ஒபாமாவின் புதிய முடிவால் இந்தியாவில் குறிப்பாக பெங்களூருவில் ஐ.டி நிறுவனங்கள் பெரிதும் பாதிக்கப்படலாம் எனறு கூறப்பட்டது.
இந்நிலையில், பெங்களூருவில் இன்று ஜனாதிபை பிரதிபா பாட்டீல், இன்ஃபோசிஸ் நாராயணமூர்த்தியுடன் இணைந்து கலந்துரையாடல் நிகழ்ச்சி ஒன்றில் பங்கேற்றார்.
அப்போது, ஒபாமாவின் முடிவால் இந்தியாவில் எத்தகைய பாதிப்புகள் உருவாகும் என்பது குறித்து அறிந்து கொள்வதில் பிரதிபா பாட்டீல் தீவிர ஆர்வம் காட்டினார்.
மேலும் ஒபாமாவின் புதிய அறிவிப்பால், இந்தியாவில் தகவல் தொழில்நுட்பத் துறை பாதிக்கப்படும் என்ற தமது கவலையையும் அவர் வெளியிட்டார்.
ஆனால், இதற்குப் பதிலளிக்கும் வகையில் பேசிய இன்ஃபோசிஸ் நாராயணமூர்த்தி, ஒபாமாவின் முடிவால் இந்தியாவில் ஐ.டி. துறை பெரிய அளவில் பாதிக்கப்படாது என்று கூறினார்.
வெளிநாடுகளில் ஐ.டி தொடர்பான பணிகளை வழங்குவதால் கிடைக்கும் லாபத்தை அமெரிக்காவில் முதலீடு செய்யாத நிறுவனங்களுக்கு வரிச்சலுகையை திரும்பப் பெறுவது என்ற கருத்தை வரி சீர்திருத்தம் தொடர்பான கூட்டத்தில் பேசுகையில் ஒபாமா கூறியிருந்தார்.
அதுபற்றி குறிப்பிட்ட நாராயணமூர்த்தி, அது வெறும் யோசனைதானே தவிர சட்டம் அல்ல என்றும், ஒபாமாவின் முடிவை நடைமுறைப்படுத்த இன்னும் காலம் உள்ளது என்றும் கூறினார்.
அப்படியே நடைமுறைப்படுத்தினாலும், இந்திய தகவல் தொழில்நுட்ப வர்த்தகத்தில் ஒபாமாவின் நடவடிக்கை பெரிய தாக்கத்தை ஏற்படுத்தாது என்றும் அவர் குறிப்பிட்டார்.
courtesy : Yahoo News
பச்சைப் பட்டு உடுத்தி ஆயிரம் பொன் சப்பரத்தில், குதிரை வாகனத்தில் வைகை ஆற்றில் இறங்கி கள்ளழகர் அருள் பாலித்தார். அப்போது பக்தர்கள் தண்ணீர் பீய்ச்சியடித்து தரிசனம் செய்தனர்.
மதுரை மீனாட்சி அம்மன் கோயில் சித்திரை திருவிழா கடந்த மாதம் 26 ம் தேதி கொடியேற்றத்துடன் தொடங்கியது. பட்டாபிஷேகம், மீனாட்சி சுந்தரேஷ்வரர் திருக்கல்யாணத்துக்கு பிறகு மே 7ஆம் தேதி அழகர் கோயிலில் இருந்து கள்ளழகர் மதுரை நோக்கி புறப்பட்டார்.
பின்னர் தங்க குதிரையில் ஒவ்வொரு மண்டக படிவங்களிலும் சென்று வந்தார்.இதற்கிடையே அழகரை வரவேற்க வெள்ளி குதிரையில் வீரராகவ பெருமாள் இன்று காலை 6.50 மணிக்கு ஆற்றுக்கு வந்தார்.
கோவிந்தா, கோவிந்தா என்ற முழக்கம் விண்ணைத் தொட மக்களின் ஆரவார கோஷங்களுக்கு மத்தியில், காலை 7.10 மணிக்கு பச்சைப் பட்டு உடுத்தி கள்ளழகர் வைகை ஆற்றில் இறங்கினார். ஆற்றில் இறங்கியதும் அழகர் மீது தண்ணீரைப் பீய்ச்சியடித்து அவரை பக்தர்கள் வணங்கினர்.
பின்னர் அங்கிருந்து புறப்பட்டு மதியம் 11 மணிக்கு ராமராயர் மண்டபத்தில் நடக்கும் அங்கப்பிரதட்சணம் நிகழ்ச்சியில் பங்கேற்கிறார். தொடர்ந்து வண்டியூர் செல்லும் கள்ளழகர் அங்குள்ள வீரராகவ பெருமாள் கோவிலில் இரவு 11 மணிக்கு எழுந்தருளி பக்தர்களுக்கு காட்சி அளிக்கிறார்.
நாளை மண்டூக முனிவருக்கு சாப விமோசனம் அளிக்கிறார். 11 ம் தேதி இரவு பூப்பல்லக்கு நிகழ்ச்சி நடைபெறுகிறது. 12 ம் தேதி கள்ளழகர் மீண்டும் அழகர் கோயிலுக்கு புறப்படுகிறார்.
courtesy : Yahoo News.
மும்பையில் கடந்த ஆண்டு நடத்தப்பட்டது போன்று மேலும் ஒரு தாக்குதலை ஜிஹாதிகள் நடத்தும் ஆபத்து உள்ளது என்று அமெரிக்க உளவு அமைப்புகளின் கொள்கை வகுப்பு ஆலோசகர் புரூஸ் ஓ ரீடல் கூறியுள்ளார்.
ஜிஹாதிகள் பாகிஸ்தான் நாட்டை தங்களின் கைக்குள் கொண்டு வர தீவிரமாக முயன்று வருகின்றனர்.அதற்காக அவர்கள் இந்தியாவிற்கும் பாகிஸ்தானிற்கும் இடையே மோதல் ரீதியிலான தொடர்ந்த ஒரு பதற்றமான நிலையை உருவாக்க திட்டமிடுகின்றனர்.
அவ்வாறு ஒரு மோதல் ரீதியான பதற்றம் நிலவினால் மட்டுமே பாகிஸ்தான் படைபலத்தில் 80 விழுக்காட்டினர் இந்திய-பாகிஸ்தான் எல்லைப் பகுதியிலேயே இருக்கும் நிலை நீடிக்கும், அப்படியான ஒரு சூழலில் மட்டுமே தங்களின் ஆதிக்கத்தை நாட்டிற்குள் நிலைப்படுத்திக் கொள்ள முடியும் என்று ஜிஹாதிகள் நினைக்கின்றனர் என்று கூறியுள்ளார் புரூஸ் ஓ ரீடல்.
அமெரிக்க அயலுறவு பேரவை இதழின் ஆசிரியர் பெர்னார்ட் குவர்ட்ஸ்மேனிற்கு அளித்த நேர்காணில் இவ்வாறு கூறியுள்ள புரூஸ் ஓ ரீடல், அமெரிக்க உளவு அமைப்பின் (சிஐஏ) தெற்காசிய மண்டலத்திற்கான அலுவலராக இருந்து ஓய்வு பெற்றவர். தற்பொழுது அமெரிக்க உள், அயல் உளவு அமைப்புகளின் ஒங்கிணைப்பு சிறப்புக் குழுவின் கொள்கை வகுப்பு ஆலோசகராக உள்ளார்.
பாகிஸ்தானிலிருந்து சதி திட்டம் தீட்டப்பட்டு இந்தியாவின் மீது பல தாக்குதல்கள் நடத்தப்பட்டுள்ளன. 1999 ம் ஆண்டு இந்தியன் ஏர்லைன்ஸ் விமானம் கடத்தல், 2001 ம் ஆண்டு இந்தியாவின் நாடாளுமன்றத்தின் மீது நடந்த தாக்குதல், தற்பொழுது மும்பையின் மீது நடத்தப்பட்ட தாக்குதல் ஆகிய அனைத்தும் இதற்கு உதாரணங்களாகும்.
இத்தனைத் தாக்குதல்கள் நடந்த பிறகும் இந்தியா தொடர்ந்து பாகிஸ்தானுக்கு சமாதான கரம் நீட்டி வருகிறது.ஏனென்றால் லேசான ராணுவ நடவடிக்கை கூட ஒரு முழு அளவிலான போருக்கு வித்திட்டுவிடும் என்பதால் அது கட்டுப்பாடு காத்து வருகிறது என்று புரூஸ் கூறியுள்ளார்.
இந்தியா கடைபிடித்துவரும் பொறுமையும், கட்டுபாடும் எவ்வளவு காலத்திற்கு நீடிக்கும் என்று கேட்டதற்கு, அதுதான் ஜிஹாதிகள் (புனிதப் போராளிகள்) விரும்புவது, இரு நாடுகளுக்கும் இடையில் பதற்றமான சூழல் தொடர்ந்து நிலவினால்தான், தங்களை வளர்த்துக் கொள்ள அது உதவும் என்று அவர்கள் கருதுகின்றனர் என்று பதிலளித்துள்ளார்.
ஜிஹாதி நாடாக மாறும் அபாயம்
இன்றைய நிலையில் இஸ்லாமிய அடிப்படைவாத தீவிரவாத குழுக்களின் சங்கமமாக பாகிஸ்தான் மாறிவருகிறது. பாகிஸ்தானின் பழங்குடியினர் பகுதியில் மட்டுமின்றி, பஞ்சாப், கராச்சி போன்ற பகுதிகளில் அவர்களின் ஆதிக்கம் அதிகரித்து வருகிறது. இந்த வளர்ச்சி பாகிஸ்தான் எனும் நாட்டின் அடிப்படையையே பாதித்துவிடும் அபாயம் உருவாகிவருகிறது. அப்படி ஒரு நிலை ஏற்பட்டால் அது அமெரிக்க உள்ளிட்ட அனைத்து நாடுகளுக்கும் மிகப் பெரிய அச்சுறுத்தலாக ஆகிவிடும் என்று புரூஸ் ஓ ரீடல் கூறியுள்ளார்.
இது உடனடியாக நடந்துவிடும் என்று கூறமுடியாது, ஆனால் அப்படிப்பட்ட சாத்தியம் குறுகிய எதிர்காலத்தில் நிகழலாம் என்று கூறியுள்ள புரூஸ், பாகிஸ்தானிலும் ஆஃப்கானிஸ்தானிலும் நிலவும் சூழல் ஆபத்தானதாக உள்ளது என்று கூறியுள்ளார்.
courtesy : Yahoo News.
NEW DELHI: Come September, cellphone users in some parts of the country, including the four metros Delhi, Mumbai, Kolkata and Chennai, will have the facility to switch operators even while retaining their existing number.
The Department of Telecom (DoT) has issued a notification in this regard saying, "Mobile Number Portability is to be implemented in Delhi, Mumbai, Maharashtra and Gujarat Service areas of Zone I and Kolkata, Tamil Nadu, Chennai, Andhra and Karnataka of Zone 2 within six months of award of licence by September 20, 2009, and in the rest of the country by March 20, 2010".
Syniverse Technologies (Zone 1) and MNP Interconnection (Zoin 2) are the two companies who have been licenced by the DoT to carry out the MNP exercise.
The DoT further said TRAI will decide on all kinds of tariffs related to MNP like the transaction fee to be charged from the customer for seeking change of number.
But sources said number portability charges are likely to be below Rs 300 and it will take maximum two days to change the service provider.
TRAI is learnt to be keen to keep the cost at a reasonable level so as not to discourage subscribers willing to change their service provider and at the same time make it a viable business model for the service providers.
courtesy : Times of India.
Bharti Airtel becomes India's biggest music company
Manchester (PTI): Riding on success of its music- related value-added mobile services, Indian telecom giant Bharti Airtel has now become the country's biggest music company, overtaking the industry leader Saregama, a top executive said on Sunday.
"Music Bharti has become the largest music company in India, overtaking Saregama India Ltd in terms of revenue," Bharti Airtel's Deputy CEO Sanjay Kapoor said.
While Mr. Kapoor did not disclose the exact revenue earned by Music Bharti, which provides music services like hello tunes, call-back tunes and music on demand, Saregama had a annual revenue of about Rs 150 crore in the fiscal ended March 31, 2008.
Bharti Airtel, flagship company of Sunil Mittal-led Bharti Group, recently entered into an exclusive multi-million dollar deal with Machester United here, under which it would offer its mobile subscribers access to the mobile content related to the British soccer club.
"We are growing fast in the music segment," Mr. Kapoor said, adding there was huge growth potential for the company in other value-added service segments like mobile commerce also.
courtesy : The Hindu.
Tendulkar, Laxman gain one place; Gambhir top-ranked Indian
Dubai (PTI): Indian batting stars Sachin Tendulkar and VVS Laxman rose a rung each to be placed at 13th and 15th positions respectively in the latest ICC Test batsman rankings.
Gautam Gambhir continues to be India's highest ranked player being steady at fourth spot in the list, which also has explosive opener Virender Sehwag at number 20.
Pakistan skipper Younus Khan replaced West Indies' prolific batsman Shivnarain Chanderpaul at the top of the table.
The Guyanese left-hander scored just four runs in the first Test against England and, as a result, has fallen back to tied second position with Sri Lanka's Kumar Sangakkara.
In the bowlers list, off-spinner Harbhajan Singh has retained his sixth place while paceman Zaheer Khan gained one place to be at 11th.
Muttiah Muralitharan of Sri Lanka reigns supreme in the bowling chart followed by Dale Steyn of South Africa and Australia's Mitchell Johnson.
Jacques Kallis continues to lead the all-rounders' list.
courtesy : The Hindu.
BANGALORE: With the moon mission Chandrayaan 1 accomplished, the next venture will be sending a space vehicle to Mars, ISRO Chairman G. Madhavan Nair said here on Saturday. The plan is to make this possible by 2013 or a few years later.
Speaking after being felicitated at the eighth anniversary of the CII Institute of Quality, he said the cost factor had to be considered in planning space missions. "Right now, per kg of payload costs $15,000 to $20,000, and we are trying to bring it down to $1,000. Much of it can come from more indigenisation and through being able to reuse the different stages of the rocket taking a vehicle to space," Mr. Nair said.
While ISRO would get Rs. 30,000 crore from the Government during the 11th Plan, resources had to be used with care.
More research and development for localisation was necessary, he said, adding that "90 per cent of our technology now is home-grown".
Also felicitated was S. Viji, Managing Director, Brakes India Ltd. and trustee of the Kuruvila Jacob Memorial Educational Trust. Named after the former headmaster of Madras Christian College School, the trust selects schools to help them implement quality control measures for "excellence in education".
Tata Steel Managing Director B. Muthuraman, who was felicitated, explained how quality control in steel plants had helped lower the cost of production and made the final product more competitive.
Delivering the annual day lecture, Rajiv Gandhi, Chief General Manager (Production), Maruti Suzuki Ltd., said the automotive sector accounted for 3.5 per cent of the GDP and contributed 17 per cent of total taxes collected by the Government.
"Despite the economic slowdown and an uncertain market and volatility in input prices, Maruti could do better than most others in the sector because of consistent quality in our products," he said.
Institute of Quality Chairman K.N. Shenoy said there were several examples of global excellence achieved by Indian corporates.
courtesy : The Hindu.
Technology day observance tomorrow
THIRUVANANTHAPURAM: The Kerala State Council for Science, Technology and Environment (KSCSTE) will launch the State-wide observance of National Technology Day-2009 on May 11. Information and Technology Department Principal Secretary Ajay Kumar will inaugurate the events at Shasthra Bhavan here.
Mr. Ajay Kumar and KSCSTE executive vice-president E.P. Yesodharan will preside. Eminent scientists, including Centre for Bioinformatics honorary director Achuthsankar S. Nair, Head of the Department of Optoelectronics (University of Kerala) V.P. Mahadevan Pillai and IT@School Project executive director K. Anvar Sadath, will hold technical sessions.
courtesy : The Hindu.
CHENNAI: The new digital display time boards put up at several bus stands in the city by Metropolitan Transport Corporation (MTC) have not yet become popular with passengers.
The boards which show the arrival time, fleet number and destination of the buses have been placed at around 51 bus stands, mostly on Anna Salai and Kamarajar Salai. More such display boards will be put up at other bus stands, say MTC sources.
The time of arrival of the 600 MTC buses installed with the Global Positioning System (GPS) can be known through display boards. Services on routes PP19, 21H, 21G, 19G are among the 39 routes where this technology is used.
At the Broadway bus stand, the digital display time board, fitted near the time-keeper's office, is too small to be noticed from a distance. Many passengers at the stand appear to be unaware of its presence. D.Balaji, employed in a private firm in Esplanade, said he usually enquired with the conductor about the departure time of the next bus instead of looking up the board.
Senior MTC officials said if a bus was crowded, the passenger had the advantage of checking the time board to see when the next service was due, so that they could get a seat in it. They say the GPS facility has helped them discipline drivers by monitoring their starting time and time of journey.
"Complaints of buses starting late have come down in vehicles having the GPS facility," said a senior MTC official.
However, several passengers feel the GPS facility would be useful only if they were extended to all the 3,000 buses of MTC.
"There is no point in having the facility in a select few bus stands and for a select few buses," said R.Devika, a college student who takes the bus on 21G route from Queen Mary's College stop.
Senior MTC officials said they did not have sufficient funds to extend the display board facility to all the bus stands and provide GPS facility in all buses.
Also, at bus stands where different buses halt at different points, passengers feel confused about when and where to board the particular bus. At the Ambattur industrial estate bus stand, for instance, passengers have to rush from one end of the bus stand to the other looking for a particular bus they want to travel in.
All India Rail and Bus Passengers Association president T.Ravikumar said the MTC must ensure that basic information such as bus numbers and their point of stopping are clearly displayed at bus stands as part of its modernisation process.
courtesy : The Hindu.
CHENNAI: BSNL Chennai Telephones has announced the launch of BlackBerry services for its GSM post-paid mobile users.
A Chennai Telephones press release said the service would be available as BlackBerry Internet Service (BIS) for individuals and BlackBerry Enterprise Service (BES) for corporate clients.
BIS offers push mail technology to send or receive mails, access to WAP, WML and HTML sites, chat facility through Yahoo Messenger and Google Talk, access to social utility sites and high speed transfer rates of data/audio/video.
The package falls under three plans with a monthly rent of Rs. 299, Rs. 499 and Rs. 999. BES has access to enterprise and corporate mail, calendar, contacts, tasks and notes and instant messaging web based and enterprise applications.
The monthly rentals are Rs. 425, Rs. 625 and Rs. 875. Customers can contact the toll free line 1503 to register a request. Customer service executive will visit the user at a convenient place and time and book the connection. At present the BSNL is offering BlackBerry 8700g and the Curve versions that are 2G enabled and the 3G enabled BlackBerry Bold 9000 Smartphone.
The handsets will be available at the CSC at RK Nagar from May 11.
courtesy : The Hindu.
Mumbai, May 10: The country's top private sector financial institution ICICI Bank has said it is no hurry to bring out IPOs of its subsidiaries, as such issues are aimed at establishing a price benchmark for them and not raising immediate capital.
"Over a period of time, we should monetise some amount of investment that we have made (in our subsidiaries). So, some time we should look at some IPO or something like that so that we establish a price benchmark for our subsidiaries," ICICI Bank's CEO and MD Chanda Kochhar told media in an interview.
Asked if she expects the economy and market conditions to have recovered sufficiently to conceive of any IPO this year, Kochhar, however, said, "Not currently, because we would not want to do anything when the value is not correct."
"We make that only when we get the right value otherwise we don't have to hurry at all," she said.
"We are not in requirement of raising capital. We have sufficient, not only to fund the growth of the bank but to fund the growth of the all the subsidiaries as well.
"So any step that we take will only be more to establish price discovery and to monetise some amount of investment," she added.
Previously, ICICI Bank group was looking to list as separate entities its subsidiaries like ICICI Securities, ICICI Home Finance, private equity arm ICICI Venture and the life as well as general insurance ventures.
"At current levels we are undervalued... value is visible in insurance and asset management company, while there is value embedded in securities and home loan subsidiaries," then CEO and MD K V Kamath had said in an interview in January 2008.
In January 2008, the board of brokerage and investment banking arm ICICI Securities had approved an IPO and private placement of shares to one or more institutional investors.
However, IPO plans were postponed later due to adverse market conditions.
courtesy : Zeenews.com
CHENNAI: Expressing anguish over the plight of the Tamil civilians in Sri Lanka, Congress chief Sonia Gandhi said here Sunday that the United Progressive Alliance (UPA) would work to secure equal status and equal rights for them.
Our ultimate goal is to secure for Tamil people (in Sri Lanka) equal status and equal rights, Gandhi said at an election rally where Tamil Nadu Chief Minister and DMK chief M. Karunanidhi was also present.
She told the gathering she was "deeply pained and anguished" for "thousands and thousands of civilians" who were forced to flee the war zone as the Sri Lankan forces took on the Liberation Tigers of Tamil Eelam (LTTE) in the north of the island nation.
Gandhi, who is also UPA chairperson, said India was firm that the Sri Lankan government moved the Tamils to safety zones and carried out humanitarian works.
Appealing to people in Tamil Nadu to vote for the Congress-led alliance in the on-going Lok Sabha elections, Gandhi said: You gave us 40 of 40 (in Tamil Nadu and Puducherry in the 2004 Lok Sabha elections) and I urge you repeat.
Gandhi also detailed the development works carried out by the UPA government in the county, and especially in Tamil Nadu.
Polling in Tamil Nadu and Puducherry will be held in the last phase on May 13. The ruling DMK is a key partner of the Congress.
courtesy : Express Buzz.
Jeffrey Archer in Tamil
Jeffrey Archer might not know Tamil but fans of the popular writer will soon get to read two of his books in the Dravidian language. Thanks to Pavithra Srinivasan and Badri Seshadri, who have translated A Twist in the Tale, a book of short stories, and Jeffrey's first novel, Not a Penny More, Not a Penny Less (1976) to Tamil.
The books will be launched by Jeffrey Archer himself on Monday.
Both Pavithra and Badri have their own stories on how it all began. "A friend of my friend was searching for a translator and that's how I got to pen the Tamil version of the book," begins Pavithra, who has translated the short tory collection as Mudivil Oru Thiruppam. Badri says, "I was originally asked to edit the two books.
But the publishers were not satisfied with the Tamil version of the book Not a Penny more... done by another translator. So, I was asked to translate the book as Oru Paisa Koodaamal, Oru Paisa Kuraiyaamal."
Badri, however, will not be taking credit for the translation. "I think the name Jeffrey Archer itself is a big name," he quickly says. "And he comes with a commercial tag," adds Pavithra.
Translated versions of books are not generally as well received as the original.
"Many translated versions flop as the translators fail to understand the various factors in translation. I primarily focus on conveying the same meaning and impact as the original," explains Badri, who has edited over a 100 titles including many translated versions and also owns a publishing company.
"People have a stigma that translated books don't create the same impact like the original. I think the translator should feel for the original author," Pavithra quickly adds.
On writing the book
Penning the Tamil version, Pavithra and Badri have their memorable experiences.
Translating a book that deals with subjects like short selling and stock market, Oru Paisa Koodaamal, Oru Paisa Kuraiyaamal required Badri to research the stock market and impressionist paintings, apart from gettings the words right. "You can't write words like shortselling as kullam," he says.
Pavithra's experiences were not of the same kind. She experimented with Tamil bringing out what any ardent Tamil reader would love to read.
One of the short stories based on a letter written by a son to his father demanded a lot from the translator and Pavithra simply switched the whole story in colloquial Tamil making it readable.
A story on Nigerian minister was written in the same way.
Badri Seshadri, an alumnus from IITM and a PhD from Cornell University, cofounded Cricinfo. He now owns Kizhakku Pathipagam and is the managing director of New Horizon Media.
He has edited over a 100 titles, and is now translating the Sherlock Holmes series that includes four long stories and 56 short stories. "I've just completed Study in Scarlet," he informs.
Having found an interest in translations since college days, Pavithra started translating Sivagamiyin Sabatham, chapter wise to English through her blogs. "I have so far completed two volumes of it out of the four," she says. Westland Publishing has now shown interest in publishing the same English version in print form. She is also freelancing for many media organisations.
courtesy : Express Buzz.
Chennai beat Rajasthan by 7 wickets
KIMBERLEY: Subramaniam Badrinath and Matthew Hayden Saturday took Chennai Super Kings to the top of the Indian Premier League (IPL) table with a seven-wicket victory over title-holders Rajasthan Royals at the De Beers Diamond Oval here.
Super Kings, with 13 points, have now toppled Delhi Daredevils to emerge as the new leaders while Rajasthan Royals are in the third place with 11 points.
Electing to bat, Rajasthan Royals were restricted to 140 for seven by a disciplined Super Kings side. Man of the Match Badrinath (59 not out) and Hayden (48) then stitched a 89-run partnership to steer Super Kings home with 10 balls to spare.
Hayden, who has been in envious form this IPL, produced another impressive 44-ball innings but it was Badrinath who emerged the star of Chennai innings. Badrinath played a whirlpool innings off 41 balls that was studded with nine fours and a six.
Hayden and Badrinath steadied the Super Kings innings after Murli Vijay (10) and Suresh Raina (13) departed with only 37 runs on the board.
Hayden and Badrinath joined forces to rip apart the Rajasthan Royals bowling. Badrinath hit Shane Harwood for 20 runs in one over to put his side on the threshold of their sixth win.
Earlier, Super Kings bowled a tight length backed by a sharp fielding to tie down Rajasthan Royals to a modest total.
Albie Morkel gave Super Kings the breakthrough in the third ball of the match, clipping the bails of in-form batsman Naman Ojha. Graeme Smith (30) and Swapnil Asnodkar (26) then tried to repair the damage, adding 53 runs for the second wicket.
Asnodkar, who so far has been a pale shadow of his performance last year, showed signs of form in his 25-ball knock, which included in three fours and a six, but couldn't carry on for long, being trapped leg before by Muttiah Murlitharan in the ninth over.
Smith became Murlitharan's second victim when he was stumped by a composed Mahendra Singh Dhoni to leave Royals tottering at 75 for three.
Ravindra Jadeja (27) looked to bring things back on track but Dhoni brought back Laksmipathi Balaji to pack off Jadeja in the 15th over. Skipper Shane Warne produced some fireworks towards the end with an unbeaten 21 off 11 balls but that was not enough to produce a winning total.
Graeme Smith st Dhoni b Muralitharan 30 (33 balls)
Naman Ojha b Morkel 0 (2)
Swapnil Asnodkar lbw b Muralitharan 26 (25)
Ravindra Jadeja c Raina b Balaji 27 (19)
Yusuf Pathan c Oram b Jakati 7 (11)
Lee Carseldine run out (Balaji) 9 (
Abhishek Raut st Dhoni b Jakati 7 (5)
Shane Warne not out 21 (11)
Shane Harwood not out 6 (7)
Extras (lb 5, w 1, nb 1) 7
Total (for seven wickets in 20 overs) 140
Fall of wickets: 1-1 (Ojha, 0.3 overs), 2-54 (Asnodkar, 8.5), 3-75 (Smith, 12.2), 4-92 (Jadeja, 14.1), 5-100 (Pathan, 15.5), 6-104 (Carseldine, 16.4), 7-111 (Raut, 17.2)
Albie Morkel 3-0-24-1
Sudip Tyagi 2-0-12-0
Lakshmipathy Balaji 3-0-13-1
Jacob Oram 1-0-8-0
Muttiah Muralitharan 4-0-22-2
Shadab Jakati 4-0-35-2
Suresh Raina 3-0-21-0
Chennai Super Kings (target: 141 in 20 overs)
Murali Vijay lbw b Trivedi 10 (12)
Matthew Hayden st Ojha b Warne 48 (44)
Suresh Raina c Carseldine b Singh 13 (11)
Subramaniam Badrinath not out 59 (41)
Jacob Oram not out 1 (2)
Extras (lb 2, w
Total (for three wickets in 18.2 overs) 141
Fall of wickets: 1-19 (Vijay, 2.6), 2-37 (Raina, 5.6), 3-126 (Hayden, 16.5)
Yusuf Pathan 4-0-28-0
Amit Singh 3-0-25-1
Siddharth Trivedi 3-0-23-1
Shane Harwood 2-0-22-0
Shane Warne 4-0-27-1
Ravindra Jadeja 2.2-0-14-0
Toss: Rajasthan Royals, chose to bat
Points: Chennai Super Kings 2, Rajasthan Royals 0
Man of the Match: Subramaniam Badrinath (Chennai Super Kings)
Umpires: G.A.V. Baxter (New Zealand) and Kumar Dharmasena (Sri Lanka)
courtesy : Express Buzz.
U.S. sheds 539,000 jobs in April, fewest in 6 months
WASHINGTON: U.S. employers cut 539,000 jobs last month, the fewest since October, according to government data on Friday that signaled the economy's steep decline might be easing and gave the stock market a boost.
The unemployment rate, however, soared to 8.9 percent, the highest since September 1983, from 8.5 percent in March, and job losses in March and February were a combined 66,000 steeper than previously estimated, the Labor Department said.
A 72,000 jump in government payrolls tempered the overall job-loss figure.
Government employment was bolstered by the hiring of about 60,000 temporary workers in preparation for the 2010 census and U.S. Labor Secretary Hilda Solis said this figure would fluctuate in the months ahead.
Private sector employment fell by 611,000 in April after a 693,000 decline in March, the department said, which curbed some of the optimism over the report.
Still, the data was not as bleak as financial markets had expected and offered the freshest sign that the intensity of the recession, now in its 17th month, was starting to fade.
"The labor report added to the growing list of data points that imply that the steepest part of the economic contraction is now past," said Brian Fabbri, chief North America economist at BNP Paribas in New York.
The payrolls reading, which beat market forecasts for a 590,000 drop, and results of the government's tests on the health of the 19 biggest domestic banks buoyed U.S. stocks.
The Dow Jones industrial average ended up 1.96 percent at 8,574.65. Government bond prices ended higher as unemployment was seen still rising well into 2010.
President Barack Obama, whose government has rolled out a record $787 billion rescue package of spending and tax cuts, said April's payrolls number was somewhat encouraging, but that the job losses were still a sobering toll.
"It underscores the point we're still in the midst of a recession that was years in the making and that is going to be months or even years in the unmaking.
We should expect further job losses in the months to come," Obama said.
Since the start of the recession in December 2007, the U.S. economy has lost 5.7 million jobs, the Labor Department said.
In neighboring Canada, a surprise 35,900 jobs were added to payrolls in April, confounding analysts who had expected the economy to extend its pattern of heavy job losses.
GLIMMERS OF HOPE
In a hopeful glimmer for the U.S. economy, the rise in the unemployment rate reflected a surge in people joining the labor force, as opposed to a collapse in employment.
The report showed job losses across almost all sectors, although at a less steep pace than in previous months.
Manufacturing lost 149,000 jobs in April after shedding 167,000 in March.
Economists were heartened by a slight increase in hours worked in manufacturing, where the average work week inched up to 39.6 hours from 39.4 in March.
"The very good news is that the hours in the manufacturing sector were up, which implies that we are going to have some production increases soon, if not in April for industrial production, perhaps in June at the latest," said Kurt Karl, chief U.S. economist at Swiss Re in New York.
Government data last week showed a record $103.7 billion drawdown in inventories in the first quarter. Analysts reckon this created a platform for a recovery in manufacturing.
Construction, among sectors hit hardest by the housing-led recession, shed 110,000 jobs in April, the Labor Department said, after losing 135,000 the previous month.
The service-providing industry slashed 269,000 positions after cutting 381,000 in March, while in education and health services they rose 15,000 after increasing 10,000 in March.
Despite the slowdown in the pace of job losses, the unemployment rate will continue to rise until at least the first quarter of 2010, peaking anywhere between 9.5 and 10.5 percent, according to economists.
"It does look as if we are falling more slowly and we are likely to hit bottom reasonably soon, at least when it comes to economic growth," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania, but added:
"We are looking at rising unemployment rates for quite some time even as job losses moderate."
The length of the average work week was unchanged at 33.2 hours in April. Average hourly earnings edged up to $18.51 from $18.50 in March, which analysts said was a reminder that incomes remained under pressure.
"The figures gave a cautionary warning about consumer incomes," said Nigel Gault, chief U.S. economist at IHS Global Insight in Lexington, Massachusetts.
"(The modest rise in) hourly earnings, which combined with the heavy loss of jobs signals a continuing decline in overall wage and salary incomes, is bad news for purchasing power."
A separate report from the Commerce Department showed wholesale inventories dropped 1.6 percent to $411.7 billion, the lowest since November 2007, after falling a record 1.7 percent in February.
courtesy : Express Buzz.
San Jose, May 10: The death toll from swine flu has topped 50 as Costa Rica reported its first fatality from the virus and Japan and Norway joined a growing list of nations with confirmed cases.
In Costa Rica, Health Minister Maria Luisa Avila said the victim was a 53-year-old man who died on Saturday after more than a week in a hospital in the capital San Jose.
The man had been suffering from other health problems, including diabetes and a chronic pulmonary condition. Eight other Costa Ricans had contracted A(H1N1) influenza, as the virus is officially known, Avila said.
In Tokyo, a teacher and two students returning from North America tested positive for swine flu in the first confirmed cases of the virus in Japan, the government said.
Japanese authorities quarantined the 46-year-old man and 16-year-old boys, who had been on a high school trip to Canada, and 49 others who were aboard their flight as it arrived in Tokyo on Friday from the US city of Detroit.
Seven of the 49 were later taken to hospital as they had flu symptoms, a health ministry official said.
In Norway, health officials announced the first two confirmed swine flu cases, both young adults who had recently returned from Mexico.
There have now been 48 deaths recorded in Mexico along with two US deaths and one each in Canada and Costa Rica. The WHO has still to confirm three of the Mexican fatalities and the latest one from Costa Rica.
courtesy : Zeenews.com
Toulouse (France), May 10: A French textile firm has caused outrage by telling nine of its workers that they have the choice between the sack and redeploying to an Indian factory and taking a gigantic pay-cut.
Carreman told its workers at a plant in the southwestern town of Castres that it would offer them pay of 69 euros (92 dollars) a month if they moved to Bangalore, union officials said at the weekend.
The minimum legal monthly salary in France is 1,321 euros.
Francois Morel, the boss of the factory, told a local paper that before being allowed to lay off the workers he was obliged to offer them work elsewhere in the group under legal requirements which he described as "stupid."
CGT union official Edmond Andreu told AFP that the offer had provoked "anger mixed with stupefaction" among workers at the factory, who say it is obvious no-one will take up the proposition.
Workers at the Bangalore factory are paid the equivalent of 69 euros a month for working a six-day week, and get an annual bonus of a month's pay as well as medical insurance.
The nine Castres workers were also offered free plane tickets and a 1,000-euro bonus for moving.
courtesy : Zeenews.com
New York, May 10: Expressing concerns over the possible measures by foreign countries, especially the US, to restrict off-shoring and movement of work visa-holders, Indian IT bellwether Infosys has said that such steps could adversely impact the company's business.
The Obama administration has restricted the hiring of H-1B visa-holders by companies bailed out by the Federal government and recently announced a plan to end tax incentives for American entities generating jobs overseas.
Both moves are expected to impact the Indian IT sector, whose major chunk of revenues come from the US.
Infosys has said that in the prevailing economic environment, there could be a change in the existing laws or the enactment of new legislation, restricting "offshore outsourcing" or imposing restrictions on the deployment of work visa holders at client locations.
Such actions "may adversely impact our ability to do business in the jurisdictions in which we operate, especially with governmental entities," the IT firm said in its annual filing with the US Securities and Exchange Commission.
Nearly 60 per cent of Indian IT-Business Process Outsourcing industry caters to the US companies, according to latest figures. India's BPO industry employs over 17 lakh professionals.
Every year, a major chunk of the Indian professionals receive H-1B visas, which is basically a working visa for highly skilled people. In the previous fiscal year, nearly 8,200 Infosys employees held H-1B visas.
Moreover, Infosys has pointed out the possibility of private sector companies working with these governmental entities, being restricted from outsourcing projects which are related to government contracts.
These firms could even face "disincentives if they outsource certain operations", the filing noted.
Many foreign governments mainly in the US and the UK have pumped in billions of dollars into companies battered by the financial turmoil.
In return, these administrations have snapped up significant stakes in those bailed out firms.
"Equity investments by governmental entities in, or governmental financial aid to, our clients may involve restrictions on the ability of such clients to outsource offshore or otherwise restrict offshore IT vendors from utilizing the services of work visa-holders at client locations," Infosys said.
Infosys has expressed concern that restriction on deployment of trained people at client locations could require the company to seek local talent. In such a case, the "local resources may only be available at higher wages," it said.
"Any resulting increase in our compensation, hiring and training expenses could adversely impact our revenues and operating profitability," the firm said.
courtesy : Zeenews.com
'Obama wants Fed to be finance supercop'
Washington, May 09: The Federal Reserve could become the supercop for "too big to fail" companies capable of causing another financial meltdown under a proposal being seriously considered by the White House.
The Obama administration told industry officials on Friday that it was leaning toward making such a recommendation, according to officials who attended a private one-hour meeting between President Barack Obama's economic advisers and representatives from about a dozen banks, hedge funds and other financial groups.
Treasury Secretary Timothy Geithner and other officials made it clear they were not inclined to divide the job among various regulators as has been suggested by industry and some federal regulators. Geithner told the group that one organization needs to be held responsible for monitoring systemwide risk.
"Committees don't make decisions," said Geithner, according to one participant.
Officials from the Treasury Department and National Economic Council, which hosted the meeting, told participants that the Fed was considered the most likely candidate for the job, according to several officials who attended or were briefed on the discussions.
The administration officials said a legislative proposal would likely be sent to Capitol Hill in June with the expectation the House Financial Services Committee, led by Rep. Barney Frank, D-Mass., would consider the measure before the Independence Day recess.
The officials requested anonymity because the meeting had not been publicly announced and they were not authorized to discuss it.
A Treasury Department statement provided to The Associated Press on Friday confirmed Geithner's position that he wants a "single independent regulator with responsibility for systemically important firms and critical payment and settlement systems."
A spokesman said Geithner also is open to creating a council to "coordinate among the various regulators, including the systemic risk regulator."
The Fed itself hasn't taken a position on whether it should have the job, although Chairman Ben Bernanke has said the Fed would have to be involved in any effort to identify and resolve systemwide risk.
courtesy : Zeenews.com
London, May 10: A group of companies are developing a new kind of tools capable of understanding emotional content of blogs and online comments.
These "sentiment analysis" tools form a wider part of computer science attempting to train computers to understand the feelings expressed in written content just like humans.
And the commercial applications of such technology can already be seen in some companies whose businesses are affected by customer blogs as much as advertising campaigns, reports New Scientist.
Firms such as Seattle-based Sentimine are using the "sentiment-aware software" that can gauge emotional responses in text.
The application is also expected to help in controlling human communications as well as digesting their output, for example, Adaptive Semantics'' JuLiA is a software agent that can recognise abusive comments based on a learning algorithm.
"She" can take down or quarantine comments bending over the predetermined abuse threshold.
And presently, further options are being examined to enhance JuLiA's comprehension abilities - for example, to determine if the content is intelligent, sarcastic, or political in tone.
Similarly, another firm, Lexalytics, uses sentiment analysis to sway what people say before they realise it is too late.
The sentiment-analysis tools, presently pocketed by big brand corporations, are expected to become cheaper, and perhaps even free.
courtesy : Zeenews.com
Kuantan, May 10: Defending champions India started their Asia Cup campaign on a disastrous note, going down 2-3 to arch-rivals Pakistan in a nerve-wrecking rain-marred Pool B match at the Wisma Belia Kuantan Hockey Stadium here today.
With today's win and the draw against China yesterday, the three-time former champions Pakistan, who lost to India 1-2 in the Azlan Shah Cup here last month, are assured of a place in Thursday's semi-final, while India will have to win their last pool match against the Chinese on Tuesday to qualify for the last four stage.
India-Pakistan encounters have always been nail-biting and today's match was no exception with the traditional rivals starting the game on a high pace note and seemed in no mood to give an inch to each other.
Both the teams displayed very high speed and attractive hockey in the pulsating opening half with the ball continuously moving from one end to the other.
Pakistan was the more aggressive of the two sides and found the net as early as in the fourth minute through Tariq Aziz from the top of the semi circle but umpire John Right ruled out the goal due to an infringement and in turn gave a 16 yard hit to the Indians.
Stung by Pakistan's early attacks, the Indians stepped up their offensive and very nearly came to scoring in the 13th minute only to be denied by experienced Pakistan custodian Salman Akbar.
India opened the scoring against the run of play after Prabhjot Singh converted a rebound from skipper Sandeep Singh's penalty corner in the 15th minute.
But with just two minutes remaining for the breather, Pakistan struck back with Hasneem Khan scoring with a reverse stick from a well build up counter attack.
Pakistan could have scored many had they not wasted several penalty corner attempts with the Indian defence standing tall.
Experienced centre forward Rehan Butt, who made a comeback to the national team in this tournament, made it 2-1 for Pakistan in the very first minute of the second half from a goalmouth melee.
India soon drew parity in the 10th minute through Rajpal Singh's field goal before heavy rains suspended play for nearly 40 minutes.
However, another comeback man, veteran Sohail Abbas, ensured a happy outing for Pakistan when he scored the winning goal off their fifth short corner in the 55th minute through a powerful drag flick which beat Indian custodian Baljit Singh hands down.
Thereafter, India got two penalty corners and a couple of chances to equalise, but they miffed it all with goalkeeper Akbar coming to Pakistan's rescue on many occasions.
SV Sunil was the star performer for India today but was unlucky not to have registered his name in the scoreboard, while skipper Sandeep was off-colour as he wasted three penalty corners in the last 10 minutes of the match.
courtesy : Zeenews.com
London, May 10: Criticising the British government for ignoring the manufacturing sector, Indian industrialist Ratan Tata has said he was not asking for a bailout but only a "facilitation of access to credit on commercial terms" for his businesses in the UK.
In an interview published in British newspaper Sunday Times, Tata said: "We're responsible for the fortunes of the company but this is a bone-dry situation in terms of access to credit. Nobody can operate on that basis unless you have large cash balances, which we don't. My concern is that the government doesn't appear to care about manufacturing."
The comments follows reports about the UK government denying financial aid to Jaguar and Land Rover, the iconic car brands acquired by Tatas last year.
"I would like to see the British government playing only one role. It controls the banks, and all I seek is the facilitation to provide access to credit on commercial terms. It's not a bailout," Tata said.
Tata is one of the largest inward investors in Britain. Besides JLR and Corus, which together employ about 40,000 people, the Indian conglomerate also owns Tetley Tea and is also present in the UK through other businesses such as chemicals and IT.
Tata Motors bought Jaguar Land Rover from Ford in April 2008, paying 1.15 billion pound. Tata, - having failed to raise bank loans to ease JLR through a disastrous slump in sales, has asked the government for financial assistance.
Sales at JLR, has slumped due to recession and a dearth of automotive finance. "In April Jaguar's UK sales were down 21 per cent on the same month last year, an improvement on recent months. Land Rover's were down 47 per cent," the Sunday Times added.
Going forward, Tata said, "... I would like to see us coming out of the recession with these new products (E-type and fuel efficient hybrids) in place. What would be sad - remorseful - is if the meltdown continues and we can't get access to funds. The first thing that will happen will be that these projects will go on hold, and we will come out of the recession just as we went in."
"I had hoped we would come out of it a new company," he added.
Tata, however, said British Prime Minister Gordon Brown was "a very sincere person. I have to believe he is genuine in his desire to see British industry supported. There hasn't been implementation of that desire."
There is however, an upside to the government's ignorance towards the manufacturing sector. Tata said he was amazed at how his company had been able to buy two sizable British groups without interference. "I expected all kinds of road blocks," he said.
Corus, JLR acquisitions at inopportune time
Ratan Tata has said his two acquisitions -- Anglo Dutch steelmaker Corus and British Marquee Jaguar Land Rover -- were done at an "inopportune time" and his company might have gone "too far too fast".
Tata admitted with hindsight that he might have gone too far too fast, but that nobody saw the economic recession coming.
"If one had known there was going to be a meltdown, then yes (Tata went too far), but nobody knew. Both the acquisitions were made, I would say, at an inopportune time in the sense that they were near the top of the market in terms of price," Tata told the Sunday Times.
Recession is making Tata's recent international spending spree look ill-timed as he bought Corus and JLR just as the boom reached its peak.
courtesy : Zeenews.com
Satyam no more a worthy rival of Infosys
New York, May 10: Scam-hit Satyam Computer may have embarked upon a revival path under the new owner Tech Mahindra, but it seems to have lost its place among the noteworthy competitors of its rival Indian IT service provider Infosys.
Before it was hit by the country's largest ever corporate fraud, admitted to by its founder and the then chairman B Ramalinga Raju in January, Satyam had been a regular on the list of competitors mentioned by Infosys in its annual report filings with the US market regulator Securities and Exchange Commission.
However, Satyam's name is conspicuously absent on Infosys' latest annual report filing for the financial year ended March 31, 2009.
Both Infosys and Satyam are listed in the US -- Infosys on the Nasdaq and Satyam on the New York Stock Exchange (NYSE).
In its annual report filings, Infosys had been saying that it operates in "a highly competitive and rapidly changing market", while listing out among its rivals the names of Indian IT service providers such as TCS, Wipro, Satyam, HCL Technologies; ...
... business process outsourcing (BPO) firms like Genpact and WNS; and global players like IBM, HP, Cap Gemini, Oracle and SAP.
However, in its latest annual filing, Infosys has dropped the names Satyam as well as HCL.
The other names and factors about competition in Infosys' latest annual filing have remained broadly unchanged from the previous year.
Infosys has said that it competes with "consulting firms such as Accenture Limited, Atos Origin, BearingPoint Inc, Cap Gemini SA, and Deloitte Consulting LLP".
Besides, it also competes with divisions of large global technology firms such as HP and IBM; IT outsourcing firms such as Computer Sciences Corp, Keane, Logica and Perot Systems; and offshore technology services firms such as Cognizant, Tata Consultancy Services and Wipro Technologies Ltd.
Other companies named as its competitors include "software firms such as Oracle Corporation and SAP AG; business process outsourcing firms such as Genpact Limited and WNS Global Services; and in-house IT departments of large corporations".
Infosys has further said that "in the future we expect competition from firms establishing and building their offshore presence and firms in countries with lower personnel costs than those prevailing in India".
Infosys has not clarified the grounds for Satyam's omission from the list of its competitors.
After Raju admitted in January this year to financial wrongdoings at Satyam for several years, the government superseded the company's board, and the new board later reached a deal to sell a majority stake to the Mahindra group's IT arm.
Tech Mahindra has acquired a 31 percent stake in Satyam through a preferential allotment of shares and has also made an open offer to acquire a further 20 percent.
courtesy : Zeenews.com
Punjab clinch a thriller against Deccan
Kimberley, May 09: Despite having an upper hand during most part of the match, Deccan Chargers had to suffer a 3-wicket defeat against Kings XI Punjab who excelled as a team here on Saturday.
When Shoaib Ahmed removed Kumar Sangakkara (25) and Yuvraj Singh (18) in the 10th over of the Punjab innings to break the back of Kings XI Punjab middle-order many people have doubted that Punjab could win the match.
Both the batsmen were playing well before throwing their wickets away at a time when they were going great guns with 85/2. They were playing with such an ease that the target of 169 was looking like a gettable score. But sudden rush of blood did them in.
But former Sri Lankan captain, Mahela Jayawardene played an important knock of 43 off just 28 balls with three huge sixes. It's Jayawardene who kept the hopes alive for the Punjab outfit taking the close to victory.
But he departed at 149, still needing 20 off 13 balls. Punjab needed an experienced customer at that time and they found the perfect man in Brett Lee who played a 10-ball 14 run knock under pressure to see his team through in the penultimate ball of the match.
Chasing 169, Punjab started off reasonable well putting on 42 runs for the opening stand. Sunny Sohal started attacking R P Singh and Ryan Harris from the word go. But the hat-trick hero of the last match, Rohit Sharma removed him for a 17-ball 30 followed by his opening partner Simon Katich (9).
Andrew Symonds played a gem of an innings of unbeaten 60 in his first match of IPL-II to help Deccan Chargers post a competitive 168/5, despite struggling in the early part of the innings, losing four wickets for 73.
Symonds, during his 36-ball stay in the middle, took all the bowlers to the cleaners, muscling them for boundaries and over boundaries at will. He spared no Punjab bowler during his entertaining knock consisting of four huge sixes. He was particularly severe on erratic Indian pacer S Sreesanth (0/42), clobbered him for 20 runs in an over.
Coming fresh from his ODI heroics against Pakistan after a long lay-off, Symonds immediately made an impact in the IPL, helping his team overcoming too much dependency on their famed opening pair of Gilchrist and Gibbs.
He stitched a 95-run partnership with Venugopal Rao in no time. Rao also played a good supporting innings of 32 off 25 balls, getting ran-out off the last ball of the innings.
For the Punjab, Brett Lee (1/24), also playing his first match IPL match of the year and Piyush Chawla (1/26) bowled well.
Though Gilchrist and Gibbs started off well, putting on 31 runs in 3.4 overs, they lost Gilchrist for 20. Sreesanth sent the retired Oz stumper packing. Then after some time Gibbs perished giving Chawla his only wicket of the match.
T Suman, who has been playing well in the tournament, played another innings of 17-ball 27 with two sixes. Brett Lee, playing his first IPL match of this year, then got his first wicket in Rohit Sharma who could make only 9.
Deccan Chargers: Adam Gilchrist (C), Herchelle Gibbs, Rohit Sharma, Y Venugopal Rao, Andrew Symonds, Ravi Teja, Tirumalsetti Suman, Pragyan Ojha, Shoaib Ahmed, R P Singh, Ryan Harris.
Kings XI Punjab: Yuvraj Singh (C), Sunny Sohal, Simon Katich, Mahela Jayawardene, Kumar Sangakkara, Irfan Pathan, Brett Lee, Piyush Chawla, Ramesh Powar, Wilkin Mota, S Sreesanth.
courtesy : Zeenews. com
Court reinstates Yahoo lawsuit over fake profiles
LOS ANGELES: A U.S. appeals court on Friday reinstated a breach of contract claim against Yahoo Inc by an Oregon woman who said the company failed to remove nude photos and fake profiles posted by her estranged boyfriend after promising to do so.
The Ninth U.S. Circuit Court of Appeals ruled on Thursday that Cynthia Barnes could sue Yahoo for agreeing, then failing to stop the "dangerous, cruel, and highly indecent" use of its site by the ex-boyfriend.
"Contract liability here would come not from Yahoo's publishing conduct, but from Yahoo's manifest intention to be legally obligated to do something, which happens to be removal of material from publication," the opinion said.
The appeals court remanded the case to the district court for further action on the state law claim for breach of contract but did not rule on whether the claim was viable.
The appellate decision also affirmed the lower court's dismissal of a claim for negligent undertaking.
Yahoo said in a statement that it was pleased that part of the dismissal stood, and "evaluating the opinion on the remaining claim and looking forward to swift resolution in the district court."
Barnes' attorney Thomas Rask of Kell, Alterman & Runstein LLP in Portland, Oregon, said his client sued only after repeatedly asking Yahoo to remove the profiles, then relying on a promise by a Yahoo employee that they would be taken down.
"What an (Internet service provider) has to understand is this is not the wild wild West," Rask said. "There has to be some rational logic to it. Don't promise to do something and then not do it."
The ruling could have a "big implications" for Internet companies that enjoy immunity from lawsuits involving user-posted content under the Communications Decency Act (CDA), said attorney Jeff Neuburger, co-chair of the Technology, Media and Communications practice group at Proskauer Rose LLP.
Neuburger, who is not involved in the case, said the opinion would prompt him to counsel media clients with Web operations, including social networking and blogging features, to consider some safeguards.
The Yahoo profiles included nude photos of Barnes and her boyfriend taken without her knowledge, her office phone number, email and address and "open solicitations" for sex, the opinion said.
"Before long, men whom Barnes did not know were peppering her office with emails, phone calls, and personal visits, all in the expectation of sex," the opinion said.
Yahoo did not respond to Barnes' requests to remove the profiles until a TV news crew did a story on her situation and called the company for comment, the ruling said.
An employee then told Barnes she would "personally walk the statements over to the division responsible for stopping unauthorized profiles and they would take care of it" -- a pledge that could be construed as a contract, the opinion said.
The profiles were not removed until more than two months later, after Barnes filed the lawsuit, the opinion said.
Yahoo said it would "hotly contest" Barnes allegations at trial, the opinion said.
The case is Barnes v. Yahoo! Inc, CV-05-00926, U.S. District Court for the District of Oregon.
courtesy : ExpressBuzz.
Bangalore, May 04: India remains a soft target for Internet threats, as evident from the steep rise in malicious attacks from web-based sources originating mostly from the US and China, a study by global security solutions provider Symantec has revealed.
"Computers in India are set to witness increased malicious activities due to rapid growth of Internet infrastructure, a burgeoning broadband population and rampant software piracy," Symantec India managing director Vishal Dhupar said.
According to the Symentac Internet Security Threat report, which is based on data pooled by Internet sensors, first-hand research and monitoring of hacking communications during January-December 2008, computers from the US and China were the leading source of web-based attacks targeting India.
Web surfing remained the primary source of new infections in 2008. Attackers rely on customised malicious code toolkits to develop and distribute their threats, targeting confidential information of computer users.
"Unless enterprises improve security protocols and measures to counter malicious activities, India will continue to be a soft target of Internet threats," Dhupar said.
The report noted that India ranked among the top three countries in the Asia-Pacific-Japan (APJ) region that was subjected to malicious code activity by volume as the country had the fifth highest number of broadband subscribers (eight million) in the region.
Malicious code is a new breed of Internet threat that cannot be efficiently controlled by conventional anti-virus software. The code can enter network drives and spread. It can cause network and mail server overload by sending e-mail messages, stealing data and passwords, deleting document files, e-mail files or passwords and even re-formatting hard drives.
Internet users in India also faced a serious threat from worms and viruses attacks. In the APJ region, India ranked first with nine of the top 10 malicious codes found consisting 55 percent worms and 15 percent viruses. These infesting codes disabled security related processes and stole confidential information.
In the global context, the study found India ranked high on these vectors of infection, as evident from the damage the Downadup/Conficker worm caused to thousands of computers across the country during the initial stages of attack.
"Enterprises without protective strategies are likely to see worms and viruses infiltrate their environments and access their information and infrastructure. Indian enterprises have to adopt ingress and egress filtering on perimeter devices to prevent unwanted activity," said Dhupar.
Around 65 percent of worms and viruses in Indian enterprises are propagated through the file sharing/executables mechanism.
"This indicates that endpoint security and policy are still missing in many organisations as this level of security protection would have allowed IT administrators to scan removable drives for threats. A large number of infections in India have also occurred due to file-sharing programmes, free downloads and freeware and shareware versions of software," Dhupar noted.
Similarly, with an average of 836 bot attacks per day, the study found 103,812 computers were infected in the country during 2008.
Bot (short form for robot) is a malicious code (computer programme) that comes with an e-mail attachment sent to intended users by hackers for infecting and damaging their personal computers or servers in enterprises.
When a spam mail is opened, the user is enticed to click the attachment with tempting words for viewing the link. Unknowingly, the bot in the link attacks the computer when opened.
According to the report, India had an average of 836 bots per day during 2008 and there were 103,812 distinct bot-infected computers observed in the country during the period.
India also saw a huge surge in bot command and control servers to 70 in 2008 from 40 in 2007.
Bot command-and-control servers are computers that botnet owners use to relay commands to bot-infected computers on their networks.
The sharp increase in bot-infected computers in India pointed towards low adoption of security measure that includes anti-malware, intrusion prevention and intrusion detection.
Among cities with the highest number of bot-infected computers, Mumbai topped with 37 percent followed by Chennai at 24 percent and Delhi seven percent.
The report is compiled by the Symantec security technology and response organisation, which includes security response, a worldwide team of security engineers, threat analysts, and researchers.
With global response centres located the world over, the organisation monitors malicious code reports from 130 million systems across the Internet, receives data from 240,000 network sensors in 200 countries and tracks 32,000 vulnerabilities.
courtesy : Zeenews.com
San Francisco, May 06: A nearly-final version of Windows 7 made its world debut on Tuesday, giving people a chance to tell Microsoft what they love or hate about the new-generation operating system.
Microsoft is making a Windows 7 Release Candidate (RC) available as the global software giant puts finishing touches on an operating system that it hopes will escape criticism heaped on its predecessor Vista.
"It appears that they are on target," said analyst Michael Cherry of private firm Directions on Microsoft, which specializes in tracking the US software giant.
"I think we need to be cautious though. Windows 7 is still in development. While Microsoft is certainly moving on to the next logical milestone, this is still a test version of the operating system."
People are invited to download the software from Microsoft's official website and install it on computers in a public test of the operating system's capabilities.
"You put it on your PC, and then do what you'd normally do," Microsoft said in a message on the download page.
"Your PC will automatically and anonymously send our engineers the information they need to verify the fixes and changes they made based on the Windows 7 Beta tests."
Microsoft's website gives Windows 7 installation instructions and tells visitors that the RC "expires" on June 1, 2010. The RC will begin warning users in March of next year by shutting down their machines every two hours.
"Based on feedback we've received from beta testers and early adopters, we think Windows 7 is on track to be the most well-planned, highest quality Windows release ever," Microsoft said Tuesday.
"The Release Candidate of Windows 7 reflects extensive beta tester feedback, and is ready for IT professionals and tech enthusiasts to evaluate."
Copies of the RC were made available to developers last week and early reviews have praised the operating system for its stability and for avoiding problems that marred Vista's image.
Complaints about Vista included that it was not compatible with some software designed for the previous-generation Windows XP operating system and that it was too much for netbooks or older computers to handle.
"Windows 7 is everything that Vista should have been," said analyst Rob Enderle of Enderle Group in Silicon Valley.
"It's less annoying and it's a fraction of the size. The only thing working against them is the economy; people without money aren't going to buy no matter how good the product."
Enthusiastic early reviews of Windows 7 are stoking speculation that Microsoft will release a final version of the new operating system in time for the year-end holiday shopping season.
"It makes sense that Microsoft should have it pre-Christmas," Cherry said of Windows 7.
"I think you need to keep in mind that if something comes up in testing they are going to take the delay and get it right. Microsoft doesn't need a problem on their hands."
courtesy : Zeenews.com
Bangalore, May 05: How to browse the net, search, e-mail, social networking, browse maps or track stock market trends - this is what global web-based search engine Google is going to teach people as its custom-built Internet bus drives through 15 towns of Karnataka to expose the people to the digital world.
The bus, which began its journey Monday, will course through the state for the next 50 days.
After a successful two-month tour of 17 towns across Tamil Nadu from December to February, the Google bus began its Karnataka leg Monday from Kolar, a backward district, about 100 km from India's tech hub.
"The Internet bus project is an attempt to educate the people, especially the younger generation about the worldwide web and how Internet serves as a platform to step into the digital world for information, communication, entertainment and education," Google India research and development (R&D) head Prasad Ram told reporters.
The Interent-enabled bus has a video-driven content to showcase how people can make their everyday life simpler by accessing information in multiple formats - data, audio and video through English or local language (Kannada).
The content is tailored to familiarise the common folk with the basics of Internet. The online tool facilitates access to multiple services such as search, e-mail, social networking and browsing maps.
Among the Karnataka towns the Google bus will travel through over the weeks are Mandya, Mysore, Hassan, Shimoga, Chikmagalur, Chitradurga, Davanagere, Hubli-Dharwad, Belgaum, Hospet and Tumkur.
"Tamil Nadu was a big learning for us. It was inspiring to see the people wanted to know about the Internet and share their needs with us. The experience has reinforced our belief that awareness is the key challenge in the growth of the Internet in India," Ram recalled.
In this phase, Google will focus on how mobile phones can be used to access even local information without data plans. Access to the Internet in local language will be its thrust area.
The benefit of the bus project is evident from a couple of instances during its sojourn in Tamil Nadu. A short tour of the Google bus made elderly parents at Krishnagiri to buy a computer for chatting and emailing with their son working overseas.
Similarly, a young businessman at Cuddalore, once a school dropout, learnt to track the stock market movements by browsing the relevant information or data links through the Internet.
"In Coimbatore, a boy who sold flowers for a living and had no exposure to the Internet learnt about Google Maps, Google Earth and Google Search in his native language (Tamil) by stepping into the bus," Ram noted.
The project is in line with Google's global strategy to make access to information, education and entertainment universal and relevant to end-user in English or multiple languages.
"Search has become more local with useful information on business listings, railways and flight status, cricket scores, movie review and et al. Our applications like SMS search, SMS channels and map maker have made Google the most sought after vehicle (engine) for millions in India and the world over," Ram claimed.
Access to information over mobile devices has become easier with mobile maps, mobile search, and mobile Orkut.
Google has also created platforms like the 'Be NetSmart' campaign to educate students, parents and teachers on Internet safety.
After travelling through Karnataka towns, the Internet bus will drive into other states across the country for similar exposure over the ensuing months.
courtesy : Zeenews.com
San Francisco, May 09: The inventor of one of the most widely used science programmes has given the most detailed demonstration yet of a new search engine that many experts predict could revolutionise the way information is used on the Internet.
Stephen Wolfram, whose Mathematical programme is widely used throughout the science world, gave the details of his new computational search engine, named Wolfram Alpha in an online presentation. The company says the technology will go public on May 18.
Unlike Google, which automatically indexes billions of web pages to answer users' search queries, Wolfram Alpha uses sophisticated algorithms to attempt to understand user questions, and then uses the resources stored in its expert-curated database to offer up answers and relevant information.
'The idea is to try and bring expert-level knowledge to everyone,' said Wolfram.
The result is very different from Google, which primarily points users in the direction of web pages. Wolfram Alpha, in contrast, displays information that it calculates by itself and shows in useful formats, offering numerous options for users to dig deeper into the subject.
It can answer questions like how high is Mt Everest, what is the fish production in Italy, and what was the weather in London on the day John F Kennedy was killed. But because it relies on verified data in its system rather than an ad hoc search of the internet, there are big gaps in its knowledge, especially in pop culture and information that frequently changes, such as film showings.
'We are just at the beginning,' said Wolfram, 49. 'I think we've got a reasonable start on 90 percent of the shelves in a typical reference library.'
Experts like Tom Simpson, on the blog Convergenceofeverything.com, said that rather than displacing Google, the new tool reflected the growing reach of emerging artificial intelligence and 'a step towards a self-organising internet' that intuitively understands what users need from it.
courtesy : Zeenews.com
New Delhi, May 09: Sports Minister MS Gill today lashed out at the BCCI saying that the board is using the cash-rich Indian Premier League to mint more money rather than promote the game of cricket in the country.
Concerned about the "commercial use of cricket for business gains", Gill criticised the BCCI for introducing an SMS game which requires fans to make ball by ball predictions for cash prizes in the ongoing Indian Premier League.
"I see the commercial use of cricket for business gains that is going on. I am concerned, at knowledgeable comments, from serious followers of cricket about the latest venture of encouraging viewers to make ball by ball predictions of runs scored for economic gain in the shape of cash prizes," Gill said in a statement.
"This is viewed as 'openly encouraging gambling and betting', which official bodies do not resort to, even in countries where betting is legal; all this 'to make money and enlarge their TV viewership base'," the minister added.
The game has been widely criticised by cricket experts and the BCCI has been accused of promoting betting through it. Gill said the BCCI should have thought of the damage done to the game by the 2000 match-fixing scandal before introducing such a game.
"Cricket is part of the family of sports in our country. Its current riches, do not set it apart from other games. The actions of the BCCI, are bound to impact the thinking in other sports, sometime or the other. We have already had, sometime back, a match-fixing scandal, in the game. It seems the ICC, had expressed concerns about such possibilities, in the IPL league," he said.
The second edition of the IPL involves more money than its inaugural season. And with the event being played away from India, in South Africa, there is a further more possibility of betting and gambling being involved in the tournament.
He also added that the IPL could promote gambling in a 'new format', and proper measures should be taken to avoid any happening that taints the gentleman's game.
Reports suggest that millions of dollars have already been put at stake in the matches held so far.
The sports minister said that IPL has become more of a business for the BCCI than a venture to enhance the status and reputation game in the country, which shouldn't be the case.
courtesy : Zeenews.com
Dhaka, May 09: Bangladesh Prime Minister Sheikh Hasina's husband, a nuclear scientist and former chairman of the country's Atomic Energy Commission, died here on Saturday after prolonged illness.
Wajed Mia, 67, who was being treated for months for diabetic, blood pressure, kidney and cardiac ailments, had suffered a heart attack on Thursday.
He was under constant medical surveillance at the private Square Hospital, where he breathed his last this afternoon, doctors said.
Hasina was present at the hospital at the time, they said.
His deteriorating health condition earlier forced Hasina to scrap her planned visit to the US, Britain and Canada.
Hasina married Mia in 1968 and they have two children, both of whom live in the US.
Doctors could not allow Mia to go abroad for better treatment in view of his complicated health condition.
A large number of politicians across the political lines including former president HM Ershad and Mayor of Dhaka Sadek Hossain, who belongs to main opposition Bangladesh Nationalist Party (BNP) of Khaleda Zia, had visited the facility to visit the ailing Mia.
courtesy : Zeenews.com
Fidelity reduces stake in Satyam Computer to 4.02%
Mumbai, May 09: Foreign fund house Fidelity has reduced its stake in beleaguered IT company Satyam Computer to 4.02 per cent after offloading shares worth Rs 55.80 crore, through an open market transaction.
Fidelity, through its various investment arms, offloaded 1.18 crore shares representing 1.76 per cent stake of Satyam Computer, the IT firm said in a disclosure on the Bombay Stock Exchange.
Prior to the transaction, the fund house held a 5.77 per cent stake, while now it holds 4.02 per cent stake, or 2.70 crore shares, in Satyam Computer.
Earlier this month, Tech Mahindra completed the process for acquiring 31 per cent in Satyam Computer. Tech Mahindra, through its subsidiary Venturbay Consultants, had been alloted 30.27 crore shares, or 31 per cent stake, in the firm.
Last month, Tech Mahindra had outbid others in the race to acquire a majority stake in the scam-tainted IT firm, following which Venturbay had deposited Rs 1,756 crore in the escrow account as the subscription amount for the initial shares.
At the end of the March quarter, Fidelity through its arms -- the Fidelity Diversified International Fund and the Fid Funds (Mauritius) Ltd -- held 8.71 per cent stake in the company.
courtesy : Zeenews.com
Cape Town, May 09: Living life out of a suitcase could prove detrimental to Indian players in the ICC World Twenty20 Championship in England, warns coach Gary Kirsten who feels fatigue could play a major role in the defending champions` campaign in the biennial event.
India have been playing non-stop cricket for a long time, travelling from one corner of the world to another.
They play their first warm-up game ahead of the T20 World Cup against New Zealand on June 1, just seven days after the Indian Premier League gets over.
The defending champions` first match in the tournament, commencing on June 5, will be against Bangladesh a day later.
"The Indian players have been on the road for a long time and the biggest challenge will be mental fatigue," said Kirsten.
However, the former South Africa opener said the current bunch of players have the ability to get over such situations.
"They have enormous pride when representing India and have become a tight unit over the past few months. I`m sure they will look forward to reuniting and playing for their country," he said.
Kirsten believes as defending champions, India would be under a lot of pressure, but is also confident that his wards have the wherewithal to come good in the tournament.
"When you are defending champions there will always be added pressure. That goes with the territory of high-performing teams. This team has played in many pressure situations since the Twenty20 World Cup in 2007 and has shown what they are capable of," he said.
The former South African opener is not too concerned about the conditions in England since it will be the same for every team.
"Every country has its own unique conditions which each team and individual needs to comes to terms with. The players are aware of those conditions and what is required to give themselves the best chance of performing. Most of the Indian players have played in England and know what to expect."
India may have been on a roll, winning matches at home and away, but Kirsten ruled out any hints of complacency gripping the squad.
"Experienced players understand the demands and pressures of World Cup tournaments. Throw in a few talented and fearless young players and you have a great mix in the team. There is certainly no danger of complacency within the Indian team. We pride ourselves in taking each game as it comes and giving 100 per cent on a daily basis while representing Team India," he said.
courtesy : Zeenews.com
Cape Town, May 09: India coach Gary Kirsten believes rubbing shoulders with some of the world`s best cricketers in the Indian Premier League has been of immense help to young Indian players.
"The IPL provides a great opportunity for young Indian cricketers to show what they are capable of in a high-profile environment," Kirsten said.
"They also get to mix with, and learn from, successful international cricketers. This can only be of benefit to Indian cricket. Performances during the IPL can definitely be a stepping stone to achieving higher honours. Yusuf Pathan was one example of that last year," said the former South African player.
According to Kirsten, the IPL has shown that the best team on paper need not be successful on the pitch.
"There will always be new ideas and new thinking in every IPL. What is of interest to me are those teams that are able to win consistently and why they are able to do it. It isn`t always the best team on paper," the 41-year-old said.
Kirsten had a sympathetic view of John Buchanan`s multiple-captaincy theory but said as far as the Indian team is concerned, Mahendra Singh Dhoni remains the skipper.
"In the dynamic world we live in, innovative thinking is important to try and stay ahead and push the boundaries of performance. I think it is important to balance out what is already working and what can improve performance," Kirsten said about Buchanan`s plan for his Kolkata Knight Riders team.
"MS Dhoni has proved a highly effective and capable leader for India and I`m sure that will not change for some time to come," he said.
courtesy : Zeenews.com
Yuvi all praise for Jayawardene for win
Kimberley, May 09: Kings XI Punjab skipper Yuvraj Singh heaped praise on Sri Lankan Mahela Jayawardene whose quickfire innings of 28-ball 43 under pressure ensured their side`s three-wicket victory over Deccan Chargers here on Saturday.
Chasing 169, Kings XI were in trouble at 86 for four at the strategy break after Yuvraj himself and Kumar Sangakkara were out in the space of two balls and one run but Jayawardene took the side to the threshold of victory with a blistering innings before the lower order finished off the match.
"After I was out in the 10th over I told the batsmen to stitch a partnership. Mahela and Irfan (Pathan) did that and the lower order had a few hits at the boundary," he said.
"Mahela played an outstanding innings and he has been consistent all along and doing well for us under pressure," Yuvraj said after the match.
The return of Australian pacer Brett Lee has added the sting to the Kings XI Punjab attack and Yuvraj understandably was happy with that.
"It a good thing (Lee`s return). We are getting better (in bowling), getting better at the death overs. If bowling at the death is sorted out, batting can take control of the match later," said Yuvraj.
Man-of-the-match Jayawardene said he had wanted to stay till the end but could not though the lower order did well to finish off the match.
"I had to be there till the end after Yuvraj and Sangakkara were out but I could not. Fortunately, the lower order were able to finish off the match," he said.
"Run chase is all about planning. After the 10th over I and Irfan spoke to each other to score at six to seven an over for another five overs. We were always ahead of that target but unfortunately I could not last till the end," said the former Sri Lanka captain.
Deccan Chargers captain Adam Gilchrist said despite the loss, his side was still in the hunt for a semifinal spot as the tournament was still wide open.
"It was an exciting game of cricket though we lost. It (tournament) is still wide open. Everybody is in the mix and every team is in the tournament," he said.
Asked about the wicket, he said, "It was a funny wicket. I won`t say that the ball came to the bat. But, as Mahela (Jayawardene) showed batsmen can clear the ropes."
courtesy : Zeenews.com
Dhoni is an impressive leader: Flintoff
Manchester, May 09: Star England all-rounder Andrew Flintoff has joined the growing list of Indian captain Mahendra Singh Dhoni`s admirers, saying the wicketkeeper batsman is a very impressive leader both on and off the field.
Flintoff played under Dhoni for Chennai Super Kings in the ongoing Indian Premier League before a knee injury forced him out of action.
But the Englishman, the costliest player on the Twenty20 event`s roster along with team-mate Kevin Pietersen, said he was mighty impressed with what he saw of Dhoni`s captaincy during his short stint with Chennai.
"Dhoni is very impressive both on and off the field. He is a very cool-headed guy," Flintoff said.
The talismanic all-rounder said injury might have cut short his IPL sojourn this time around but he was looking forward to be back next year.
"It is great to play in the presence of great players like (Australian) Matthew Hayden. I am looking forward to coming back next year," he said.
Earlier, Hayden had also praised Dhoni`s captaincy.
"MS is a fantastic captain and player. MS gets some great power from unorthodox shots. He is a danger in this form, danger in any format really. When he is going he just strikes the ball as hard as anyone on the planet. And these small boundaries ... he is just unstoppable," Hayden had said.
courtesy : Zeenews.com
Washington, May 09: The Tata Group, State Bank of India (SBI) and Infosys Technologies are among 17 Indian firms that figure among the top 50 in a list of the world's 200 most reputable companies.
With a pulse score of 80.89 on a scale of 0-100, the US-based Reputation Institute ranked the Tata Group 11th above global giants like Google, Microsoft, General electric, Toyota, Coca-Cola, Intel and Unilever.
Italy-based chocolate producer Ferrero was ranked as the most reputable company on the planet right now. With its pulse score moving from 83.52 last year up to 85.17, Ferrero came up from fourth place last year to first, more than a full point ahead of second ranked IKEA.
"However it is the people of India who love their companies the best," noted US business magazine Forbes. "Of India's 27 corporations ranked by the institute, 24 (89 percent) placed above the average. Seventeen of them landed in the top third of the list."
The Reputation Institute's global pulse of 600 companies is a measure of corporate reputation calculated by averaging perceptions of four indicators - trust, esteem, admiration and good feeling - obtained from a representative sample of at least 100 respondents in the companies' home countries.
SBI, India's largest bank, is ranked 29th with a score of 78.11. India's second largest software exporter Infosys is at 39th, with a pulse score of 77.45.
Larsen & Toubro comes next at 47th position with a pulse score of 76.58, while India's largest carmaker Maruti Suzki has been ranked 49th with a pulse score of of 76.26.
Other Indian firms in the top 200 are: Hindustan Unilever (69 - 74.99); ITC Ltd (95 - 73.50); Canara Bank (102- 73.34); Hindustan Petroleum (111 - 73.08); Indian Oil (112 - 73.01); Wipro (116 - 72.77); Mahindra & Mahindra (137 - 71.61); Bharti Airtel (163 - 70.32); Bank of Baroda(174 -- 69.81); Bharat Petroleum(175 - 69.79) and Punjab National Bank (177- 69.67.)
Johnson & Johnson, which placed first in the US for reputation, lands third globally. Kraft Foods places eighth, making the US one of only two countries with two businesses in the global top 10. Brazil is the other. Its Petrobras and Sadia landed fourth and fifth respectively.
Brazil had the second highest percentage of its participating companies ranked above the global average at 76 percent, while 62 percent of American companies received pulse scores above the average.
courtesy : Zeenews.com
RBI should come out with norms for verifying bank a/cs: SFIO
New Delhi, May 09: The Serious Fraud Investigation Office in its report on the Satyam fraud has suggested that the RBI should come out with definite guidelines for banks to issue balance confirmation certificates (BCC), to help auditors verify company accounts.
"(The) RBI may examine this (the procedure for issuing BCC) and issue necessary guidelines to ensure that forged balance confirmation certificates are not used for perpetration of fraud," the investigation arm of the Corporate Affairs Ministry said.
In case of Satyam, the statutory auditor Price Waterhouse relied on forged balance confirmation certificates produced by the Satyam management to certify accounts of the IT company.
The SFIO report further added that the auditors did not make any enquiry to ascertain the factual position on outstanding balance in current accounts and fixed deposits as required under ICAI directives.
"The... Lapse on the part of statutory auditors has enabled the Satyam executives to perpetrate a massive fraud, as it was noticed that... Many of the balance confirmation certificates were fake and forged," the report said.
Satyam, under disgraced founder B Ramalinga Raju, relied on forged fixed deposit receipts and bank accounts to present a rosy picture of the company. The company even paid taxes on interest on non-existing fixed deposits.
courtesy : Zeenews.com
Maytas Infra approves SBI Caps' draft CDR
Hyderabad, May 09: Newly-constituted board of Maytas Infra, a company promoted by the kins of the scam-tainted Satyam Computer, on Saturday approved the draft Corporate Debt Restructuring (CDR) proposal prepared by the SBI Capital Markets.
The CDR proposal, aimed at restructuring the debt of the infrastructure company, will be taken up for final approval by the CDR cell, headed by IDBI Bank.
"The clearance (by the board) came after SBI Capital Markets, consultants to the CDR scheme, made a presentation to the board," the company release said.
Apart from board members, the major lenders of Maytas Infra were also present at the meeting to review the CDR, it added.
Although the company officials did not disclose the amount of CDR, the Hyderabad-based construction firm is believed to have debt of Rs 1,700 crore and an order book of Rs 8,500 crore.
Maytas board, the release said, also reviewed the status of various projects, including the Hyderabad metro rail project, being undertaken by the company on BOT basis.
"As the CDR scheme is likely to be approved soon, the Board is optimistic on the execution of various projects taken up by the company," the release said.
Following an order by the Company Law Board, the government had appointed four directors, including a Chairman, on the board of Maytas Infra.
courtesy : Zeenews.com
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New Delhi, April 24: The Government has cleared the proposal for providing CISF security to the vital Reliance refinery in Gujarat and some other important Information Technology establishments like Infosys and Wipro in Bangalore.
The clearance from the Union Home Ministry came following intelligence inputs suggesting that Pakistan-based terrorists might try to target these installations launching a surprise attack similar to the Mumbai attack last year.
The ministry has also given the nod for the security cover to IT giants Infosys and Wipro and companies located in Electronic city of Bangalore which is on the radar of terror groups operating on the country, a home ministry official said.
The Centre has enlarged the role of CISF from guarding government establishment to providing security to installations in the private sector in the wake of the 26/11 attack.
Jamnagar refinery of Reliance is close to Indo-Pak border in Gujarat which makes it vulnerable to any terrorist attack from the neighbouring country, the official said.
"The security to these organisations will be provided as they have a threat perception and figure in the priority sector," a CISF spokesperson said.
courtesy : Zeenews.com
Pakistan set 208 for victory against Aussies
Dubai, April 24: Pakistan captain Younus Khan won the toss and decided to bat in the second one-day international against Australia at the Dubai Stadium here on Friday.
Pakistan were forced to leave out unfit opener Nasir Jamshed, replaced by the 17-year-old Ahmed Shahzad, who is making his one-day debut. Jamshed suffered hamstring problems during the first match on Wednesday.
Paceman Shoaib Akhtar was included, despite suffering from a viral infection.
Australia made three changes from their Wednesday line-up, leaving out pacemen Stuart Clarke and Ben Hilfenhaus, and unfit opener Shaun Marsh, who left for Australia after pulling his hamstring on Wednesday.
In come Doug Bollinger, making his one-day debut, with David Hussey and Ben Laughlin.
Pakistan: Younus Khan (capt), Salman Butt, Ahmed Shahzad, Shoaib Malik, Misbah-ul-Haq, Shahid Afridi, Kamran Akmal, Shoaib Akhtar, Umar Gul, Rao Iftikhar, Saeed Ajmal.
Australia: Michael Clarke (capt), Brad Haddin, Nathan Bracken, Callum Ferguson, Nathan Hauritz, Doug Bollinger, James Hopes, David Hussey, Andrew Symonds, Shane Watson, Ben Laughlin.
Umpires: Billy Bowden (NZL), Asad Rauf (PAK)
Tv umpire: Zamir Haider (PAK)
Match-referee: Jeff Crowe (NZL).
courtesy : Zeenews.com
IPL can't be complacent on corruption threat: ICC
Dubai, April 24: The Indian Premier League`s refusal to take the ICC`s help in dealing with the threat of match fixing is not much of a concern for the governing body but it has warned that the cash-rich Twenty20 event remains very vulnerable to corruption.
"The board has consistently said it cannot afford to be complacent (about the risk of corruption in Twenty20 cricket)," ICC CEO Haroon Lorgat told reporters.
"We are mindful that with Twenty20 cricket there is great excitement and money. Put those ingredients into a pot and there is a higher concern," he added.
The IPL has hired private staff to deal with possible wrongdoings at the event underway in South Africa and Lorgat said the ICC doesn`t have any issues with it as the home board, the BCCI, is fully responsible for ensuring that the event remains corruption-free.
"It is not dissimilar to county cricket, in that it is a domestic tournament, and the onus for matters such as anti-corruption and doping lie with the home board," he said.
courtesy : Zeenews.com
BCCI-IPL issues advisory against trademark violation
Mumbai, April 24: After noticing violations of Indian Premier League`s intellectual property rights, the BCCI-IPL issued a public advisory with respect to the cash-awash tournament`s proprietary trademarks, trade names and match play footage.
"We have noticed a large and growing number of violations of IPL intellectual property rights and believe that it is important for us to issue this public guidance document," said Lalit Modi, Chairman and Commissioner of the Twenty20 event.
"There seems to be a presumption among third parties that the BCCI-IPL`s proprietary names, marks and contents can be used for various commercial purposes without permission of the BCCI-IPL. This document has been issued to correct any such misconceptions," he said in a statement.
The advisory, which has been made available on IPL`s official website, describes the proprietary names, marks and content protected by law and the restrictions on unlicensed use thereof.
"We are committed to protecting IPL brand from dilution and damage and will do all things necessary to safeguard the large investments that our sponsors, partners and broadcasters have made to make the event possible. We will assert our rights against all infringers and will not allow any attempt at ambush marketing to succeed," Modi said.
courtesy : Zeenews.com
Satyam fraud: Court puts off hearing on ED plea to April 28
Hyderabad, April 24: A local court on Friday postponed to April 28 hearing on a petition of Enforcement Directorate (ED) seeking permission to record statements of Satyam's former Chairman B Ramalinga Raju and other accused in the Rs 7,800- crore financial fraud in the IT company.
The XIV Additional Chief Metropolitan Magistrate posted the matter for further hearing on April 28.
The Enforcement Directorate on April 6 had filed an application seeking the court's permission to record the statements of Ramalinga Raju, his brother and Satyam's former MD Rama Raju, former CFO Vadlamani Srinivas and former auditors of Price Waterhouse - S Gopalakrishnan and Talluri Srinivas.
In its plea, the Enforcement Directorate had maintained that the Satyam case accused had violated several legal norms, thus calling for action against them under various provisions of the Directorate.
Meanwhile, the order on bail pleas of Raju brothers and Vadlamani Srinivas will come up for hearing tomorrow.
The orders on the CBI application seeking the court's permission to conduct lie detector test on the Satyam accused will also come up tomorrow.
courtesy : Zeenews.com
New Delhi, April 24: Software industry body Nasscom on Friday hit out at the US H1B visa legislation, introduced in the Senate yesterday, saying its provisions are targeting Indian firms and restricting their ability to compete in the US market.
Nasscom said though the stated objective of the Bill is to prevent fraud and visa abuse, several of the provisions of this Bill are against the principles of free trade.
"In many ways, it is targeting Indian companies and restricts their ability to compete in the US marketplace. This is also against President Obama's stand against protectionism at the G20 Summit," Nasscom President Som Mittal said.
The almost USD-billion Indian IT outsourcing industry draws over 60 per cent revenue from the US and many of its skilled workforce work onsite on H1B visa for the client.
The Bill, which among a host of provisions favourable to US professionals, requires all employers who want to hire an H1B guest worker to first make a 'good faith' attempt to recruit a qualified American worker.
"Our Bill will put a stop to the outsourcing of American jobs and discrimination against American workers," Senator Durbin had said in a statement.
Mittal said the premise that H-1B visa is used to displace US workers is misplaced.
"Contrary to opinions of visas being used to displace workers, H-1B visas are actually used for providing technically qualified talent that is in short supply, open new markets, accelerate innovation and increase competitiveness for US companies" he said.
Indian companies had been allocated only 12,000 visas in 2008, out of the limit of 85,000 visas. The data from USCIS shows that in April 2009 till date, it has received about half the H-1B visa applications against the cap for FY10.
This clearly demonstrates that companies are not using the H-1B Visa route to replace US workers.
US does not have a temporary service visa as in other countries and companies that do send highly skilled engineers on H-1B visas are for temporary period with average stay in US of less than two years, he added.
Mittal further confirmed that as the legislation goes through discussion and debate in the US Congress, the industry body would continue to provide perspectives to the law makers on the negative impact these unfair trade practices can have on the India-US trade partnership.
The legislation had been introduced in the US Senate reforming the H1B and L1 visa programmes, under which the US firms looking for skilled foreign professionals are required to make a 'good faith' attempt to recruit local workers first.
courtesy : Zeenews.com
Mumbai, April 24: Anil Ambani-led group on Friday alleged that business rivals may be behind an "attempt to murder" the industrialist by trying to sabotage his helicopter, even as the police were questioning four employees of an aircraft maintenance company.
"The planned manner in which the pebbles and gravel were put in the filler cap at a height of 10-feet in the gear box and the gear box cap was closed thereafter, clearly shows that some persons, possible business rivals, were attempting to take the life of Anil Ambani, India's second richest person with a net-worth of USD 10.1 billion.
"This is clearly an attempt to murder," Capt. R N Joshi of Anil Ambani group company Reliance Transport and Travels said in a complaint to Maharashtra chief minister Ashok Chavan and the Mumbai police commissioner Hassan Gafoor while requesting an investigation by the crime branch.
Shortly after the complaint was made, Gafoor ordered the transfer of the case, lodged after a complaint was filed by the aircraft maintenance company Airworks India Ltd, to the crime branch.
In his complaint, Joshi, a senior pilot, said the entire incident would not have been possible "without active involvement and aid of the persons working for Airworks, since no one could have had access to the said helicopter Bell-412," which Anil was scheduled to fly this morning.
When contacted, Airworks director Ravi Mennon said that the company had discovered the matter and had informed the police and the client (Anil Ambani group) and "we're fully cooperating with the authorities".
Mennon, however, declined to comment on the allegations of Airworks' involvement in the incident, which maintains about 60 aircraft and choppers belonging to industrial houses including Reliance Industries, SunTV, Bajaj, DLF and Essar.
The police had registered a case of mischief last night on a complaint filed by Airworks technician S R Surve under Section 440 of IPC, which stipulates that mischief committed after preparation made for causing death or hurt.
The tampering of the helicopter that was parked along with about two dozen other flying machines in Santa Cruz under the supervision of Airworks was detected around 1700 hrs on Thursday.
Anil was to fly along with his eight-nine top executives at 0930 hrs on Friday to his office at Dhirubhai Ambani Knowledge City in Navi Mumbai.
The Mumbai police had, in June 2005, given elaborate security cover to Anil after intercepting some conversation that indicated that the younger Ambani scion could be in danger. The security cover that lasted for a few months was provided weeks before Anil and his elder brother Mukesh Ambani reached an agreement to divide the Reliance empire.
courtesy : Zeenews.com
Systems Administration & Support
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In house Hackers
! ;Internet Explorer WWWF
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MAINFRAME LEGACY SYSTEM
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With all your efforts and great and kind hearted support, I have posted so many posts so far... I feel very proud to be a part of your discussion board.. So, I hope, I have become a
... Thanks for everybody out there in IT ACUMENS to help me out all these days to post many articles in a short period.. I assure you that IT ACUMENS will one day become a great success...
Thanks to everybody to get my post to the top view.. Without you people around me, I would not have achieved a great success to get my post in the top view within this short period...
Thanks a lot to everybody...
Its all a nice plan only...but it is gonna be one year since i joined it acumens...but did nt even know hw much i earned for 2392 posts so far...didnt even get a single rupee...pl help.!!!!!!!!!!!!!
Third sequel to 'The Da Vinci Code' announced
LONDON: Even before his latest novel "The Lost Symbol" could hit the bookshelves, film bosses of "The Da Vinci Code" have announced a third instalment in the franchise, based on the latest offering by its author Dan Brown.
Contactmusic.com reports, executives at Columbia Pictures, the studio behind the movies, have given a nod to the third sequel of the film even when the book is to release in September this year and the second sequel "Angels & Demons" still to hit the screens May 15 in the US and India.
The film adaptation of "The Da Vinci Code", starring Oscar-winning actor Tom Hanks, was a box office smash, grossing more than $758 million (505 million pounds) worldwide.
courtesy : Express Buzz.
Please create a new board for Inventions in Chat Box. So that it becomes easy for people to learn new things and get to know about the inventions..
This message is for Girls especially.
Whenever girls travel either in trains or in buses, they are forced to face a serious problem created by low class people, especially who go for construction works, and for daily wages works.. However girls dress up n go for works in either mode of transport, the gents mainly, (the low class ) used to see girls in a wrong mood that too in a wrong manner..
So Girls kindly beware while travelling in trains and buses...
Washington, April 23: Scientists at the National Institute of Standards and Technology (NIST) have demonstrated a technique for efficiently suppressing errors in quantum computers.
The advance could eventually make it much easier to build useful versions of these potentially powerful but highly fragile machines, which theoretically could solve important problems that are intractable using today's computers.
The new error-suppression method was demonstrated using an array of about 1,000 ultracold beryllium ions (electrically charged atoms) trapped by electric and magnetic fields.
Each ion can act as a quantum bit (qubit) for storing information in a quantum computer.
These ions form neatly ordered crystals, similar to arrays of qubits being fabricated by other researchers using semiconducting and superconducting circuitry.
Arrays like this potentially could be used as multi-bit quantum memories.
The new NIST technique counteracts a major threat to the reliability of quantum memories: the potential for small disturbances, such as stray electric or magnetic fields, to create random errors in the qubits.
The NIST team applied customized sequences of microwave pulses to reverse the accumulation of such random errors in all qubits simultaneously.
"Simulations show that under appropriate conditions this method can reduce the error rate in quantum computing systems up to a hundred times more than comparable techniques.
Our measurement results validate these predictions," said Hermann Uys, a NIST guest researcher.
According to co-lead author Michael J. Biercuk, a NIST post-doc, correcting qubit errors after they occur will require extraordinary resources, whereas early suppression of errors is far more efficient, and improves the performance of subsequent error correction.
The new NIST error-suppression method could enable quantum computers of various designs to achieve error rates far below the so-called fault-tolerance threshold of about 1 error in 10,000 computational operations (0.01 percent), he added.
If error rates can be reduced below this level, building a useful quantum computer becomes considerably more realistic.
Quantum computers, by relying on the unusual properties of the atomic-scale world to store and process data, could someday break commonly used encryption codes, perform faster searches of enormous databases, and determine the most efficient schedules for everything from airlines to traveling salespeople.
They could also simulate complex quantum systems that are too difficult to study using today''s computers or through direct experiments.
courtesy : Zeenews.com
Washington, April 23: Astronomers have found three brown dwarfs with estimated masses of less than 10 times that of Jupiter, making them among the youngest and lowest mass sub-stellar objects detected in the solar neighborhood to date.
The observations were made by a team of astronomers working at the Laboratoire d'Astrophysique de l'Observatoire de Grenoble (LAOG), France, using the Canada-France-Hawaii Telescope (CFHT).
The dwarfs were found in a star forming region named IC 348, which lies almost 1000 light years from the Solar System towards the constellation of Perseus.
This cluster is approximately 3 million years old - extremely young compared to our 4.5 billion year old Sun - which makes it a good location in order to search for the lowest mass brown dwarfs.
The dwarfs are isolated in space, which means that they are not orbiting a star, although they are gravitationally bound to IC 348.
Their atmospheres all show evidence of methane absorption which was used to select and identify these young objects.
"There has been some controversy about identifying young, low mass brown dwarfs in this region. An object of a similar mass was discovered in 2002, but some groups have argued that it is an older, cooler brown dwarf in the foreground coinciding with the line of sight," said astronomer Andrew Burgess.
"The fact that we have detected three candidate low-mass dwarfs towards IC 348 supports the finding that these really are very young objects," he added.
The team set out to find a population of these brown dwarfs in order to help theoreticians develop more accurate models for the distribution of mass in a newly-formed population, from high mass stars to brown dwarfs, which is needed to test current star formation theories.
The discovery of the dwarfs in IC 348 has allowed them to set new limits on the lowest mass objects.
According to Burgess, "Finding three candidate low-mass dwarfs towards IC 348 backs up predictions for how many low-mass objects develop in a new population of stars."
"Brown dwarfs cool with age and current models estimate that their surfaces are approximately 900-1000 degrees Kelvin (about 600-700 degrees Celsius). That's extremely cool for objects that have just formed, which implies that they have the lowest masses of any of this type of object that we've seen to date," he said.
courtesy : Zeenews.com
Strategy break to be reviewed after IPL II: Modi
Durban, April 24: Beating a retreat after the widespread criticism of the `strategy break`, Indian Premier League chairman Lalit Modi said innovations like this would be reviewed after the second edition of the Twenty20 event gets over.
Reacting to leading players like Sachin Tendulkar`s criticism of the seven-and-half minutes break at the end of every 10 overs, Modi said he would take the observations into consideration while reassessing the innovation after the event.
"I neither agree nor disagree -- what I will do is repeat the point I started with: this is an innovation, an experiment we are trying this year," he said.
"And as with all innovations, there are probably good points to this, and also bad points -- but there will be time to evaluate those," Modi wrote on his blog for the IPL`s official website.
"When the league is over, the last ball has been bowled here in South Africa and a winner has been crowned, our real work will begin to fine tune the DLF Indian Premier League for improvements in Season 2010 next year."
"On the basis of an exhaustive review, we will be able to arrive at some conclusions on what has worked, what hasn`t worked; we will be able to decide what needs to be changed, or fine-tuned, or scrapped altogether," he added.
Modi also dismissed the media criticism of `strategy breaks` as "ill-informed", insisting those are not aimed at increasing advertising revenue.
"Ill-informed media commentary that we have introduced strategy breaks simply to squeeze in more ads does us a disservice," Modi said.
"Most of you seem to think that it is an unnecessary interruption, designed only so that we can insert more ads. But nothing could be further from the truth."
"The `strategy break` is an innovative deviation from tradition, which gives teams an opportunity to consult and alter strategies after 10 overs to get their acts right," he said.
"Strategy time-outs, are designed so the coach can have some inputs into the course of the game. Such practices are normal in the world of sport be it on the Grid-Iron or the basketball courts of the NBA. We spoke to coaches of the various teams, to administrators, and others, and decided to try this out as an innovation," he explained.
courtesy : Zeenews.com
Marsh out of Pak series, in doubt for World Twenty20
Melbourne, April 24: A nagging left hamstring injury has ruled out Australian opener Shaun Marsh from the remainder of the ongoing one-day cricket series against Pakistan besides putting him in doubt for the World Twenty20 Championships in June.
Marsh re-injured his left hamstring during the first one-dayer while taking a single.
He first picked up the injury during the series against New Zealand in February.
The recurring injury has also put him in doubt for the World Twenty20 Championship, reports said.
Marsh has been replaced by all-rounder Marcus North for the ongoing series.
courtesy : Zeenews.com
Kolkata, Chennai lock horns in battle of resurgence
Cape Town, April 24: With two wounded sides smarting from narrow defeats in their respective previous outings, a no-holds-barred battle is on the cards when Kolkata Knight Riders cross sword with Chennai Super Kings in the Indian Premier League.
It has been a rollercoaster ride for the Kolkata side right from the start of the tournament. After a shaky start to their campaign following the defeat against last year`s laggards Deccan Chargers, the Knight Riders bounced back in their next game against Kings XI Punjab.
John Buchanan`s wards, however, could not maintain the tempo and was pipped by Rajasthan Royals via `Super Over` in a see-saw encounter here last night.
Earlier the same day in Durban, Chennai Super Kings looked primed to chase down the highest score of the tournament before managing to throw away the match to concede their second defeat of the league.
On paper, Kolkata has a devastating opening combination but while Chris Gayle has lived up to the expectations with blistering knocks in the last two matches, skipper Brendon McCullum`s (1, 21, 3) bat has not done the talking so far.
The middle-order also looks lacklustre with Brad Hodge, Laxmi Ratan Shukla and Moises Henriques being out of form.
The Knight Riders, however, will take heart from Sourav Ganguly`s form, especially after the former skipper`s gutsy 46 last night which took them close to a victory.
Chennai, on the other hand, doesn`t have any issues with the opening pair where Matthew Hayden is in red-hot form and Parthiv Patel content playing the second fiddle.
Down the order, Suresh Raina is also in good nick even though the same could not be said of Andrew Flintoff.
Much was expected from the talismanic English all-rounder in his debut season but Flintoff is yet to set alight the stage with the kind of batting fireworks he is known for.
Not that Chennai skipper Mahendra Singh Dhoni has been able to do that either. Much to the disappointment of his legion of fans, Dhoni has been largely subdued so far in the tournament and would be expected to lead from the front when he takes the field in tomorrow`s crucial encounter.
In the bowling department, Manpreet Gony and Lakshmipathy Balaji have done a decent job with the ball even though Flintoff proved costly.
In contrast, McCullum doesn`t have the some gunpowder in his arsenal with Ishant Sharma struggling with his line and length and Ajit Agarkar failing to impress.
Meanwhile, it would be an interesting battle of one-upmanship between the Sri Lankan spin twins of Muttiah Muralitharan and Ajantha Mendis who would don different jerseys tomorrow.
For Chennai, Muralitharan has been among the wickets and proved difficult to score off. Mendis, on the other hand, did well in the match against the Royals before Yusuf Pathan`s `Super Over` heroics spoiled his party.
courtesy : Zeenews.com
Explosive line-ups promise run-feast in Deccan vs Mumbai tie
Durban, April 24: Unvanquished so far in the tournament, table-toppers Deccan Chargers and Mumbai Indians take on each other in what promises to be a run-feast, given the two teams` explosive batting line-ups, in the Indian Premier League.
Both sides are through with two matches each and while Deccan Chargers have won both, Mumbai had to share the points due to their washed out second game against Rajasthan Royals.
It has been a dramatic turnaround of fortunes for the Adam Gilchrist-led Deccan Chargers, who finished at the bottom of the table last season.
In their tournament-opener against Kolkata Knight Riders, the Hyderabad team took the first "small step", as described by Gilchrist, towards regaining the shattered confidence after last year`s show.
They stunned the fancied Knight Riders by eight wickets. Pacer R P Singh picked up four wickets before Herschelle Gibbs and vice-captain Rohit Sharma guided them home with ease.
Gilchrist led from the front in the next game, hitting a blistering 71-run knock to take the Deccan Chargers to a dominating win over Royal Challengers Bangalore.
Rohit also played a crucial 52-run innings, prompting Gilchrist to describe him as a `class act`.
The triumph propelled the side to the top of the table with four points and though Delhi Daredevils caught up with them after beating Chennai Super Kings yesterday, the Hyderabad team remained numero uno owing to a better run rate.
The Mumbai Indians, on the other hand, have not played since their stunning opening win over last year`s runners-up Chennai Super Kings.
Skipper Sachin Tendulkar looked in good touch as he struck a 59-run knock while the young Abhishek Nayar also showed promise with a quick-fire 34 as Mumbai beat Chennai.
However, their much-anticipated contest against Rajasthan Royals, which would have renewed the famed Tendulkar-Shane Warne rivalry, ended quite literally on a damp note as persistent drizzle didn`t allow a ball to be bowled.
Lacking in match practice due to the rained-out game, ageing warrior Sanath Jayasuriya`s form will also be crucial to Mumbai`s chances in tomorrow`s match.
courtesy : Zeenews.com
Obama vows end to abusive credit card practices
Washington, April 24: President Barack Obama met top credit card executives and vowed reforms to purge their industry of abusive rate hikes and fees and to restore "strong" protections for consumers.
As millions of card holders struggle with high balances amid a deep recession, Obama said the under-fire sector played a crucial role but warned its relationship with customers was "out of balance."
"We want to preserve the credit card market, but we also want to do so in a way that eliminates some of the abuses and some of the problems that a lot of people are familiar with," Obama said.
"I think that there has to be strong and reliable protections for consumers, protections that ban unfair rate increases and forbid abusive fees and penalties," Obama said after meeting 14 executives from companies including American Express, Visa and MasterCard and a representative of the American Bankers Association (ABA).
Taking the side of consumers against unpopular banks, the president said credit card agreements should be "written in plain language" and warned against hidden conditions which trap customers with sudden rate increases or costs.
White House plans would force firms to ensure contract terms were easily accessible and provide consumers with information they need to go online to compare various services.
Officials said the industry will faced increased penalties for deceptive practices and called for greater punishments for those who break the law.
ABA president and chief executive Edward Yingling issued a statement after the meeting arguing that new rules for the industry already established by US regulators would address many issues raised by US officials and Congress.
"The card issuers are currently hard at work implementing these new rules, although the Federal Reserve itself has indicated these rules are likely to shrink credit availability and result in increased rates for some consumers.
"The goal of any additional efforts should be to achieve the right balance between enhancing consumer protections and ensuring that credit remains available to consumers and small businesses at a reasonable cost," he said.
Republicans used the meeting to slap Obama anew over his ambitious political program, which they maintain will bankrupt future generations of Americans.
"It is the height of hypocrisy for President Obama to summon credit card company CEOs to the White House woodshed when his own reckless spending and borrowing is piling debt onto the federal government?s credit card at an astronomical rate," said Republican National Committee chairman Michael Steele.
On Wednesday, Democrats in Congress widened their crackdown on the industry, which is accused of offering easy credit in good times and clamping down hard with high rates and reduced credit lines when the economy went sour.
The House of Representatives Financial Services committee voted to send a bill tightening rules on the industry to the full chamber.
courtesy : Zeenews.com
Satyam shareholders advised to wait till June 22
New Delhi, April 24: Tech Mahindra, the new owner of Satyam, has advised the crisis-hit IT firm's shareholders to wait till June 22, the last date for revising the offer price, before tendering their shares.
The open offer for acquiring 20 per cent equity in Satyam at Rs 58 a share is set to commence on June 12 and would end on July 1.
While market regulator SEBI has ruled that the open offer price cannot go below Rs 58 per share, the acquirer, in its public announcement, has said that it can raise the offer price by June 22.
"As the offer price cannot be revised during seven working days prior to the closure of the offer, it would, therefore, be in the interest of shareholders to wait until the commencement of that period to know the final offer price ...," Tech Mahindra said in a statement.
Tech Mahindra, which won the bid to acquire Satyam Computer Services, has made a public announcement to acquire 20 per cent of the IT company through its wholly-owned subsidiary Venturbay Consultants, a move that is aimed at increasing the new owners' stake to 51 per cent.
Earlier, while exempting Satyam from following various provisions of the Takeover Regulations, the Securities and Exchange Board of India (SEBI) said that the public offer price would not be less than the price paid by the successful bidder.
courtesy : Zeenews.com
Economic recovery in H2, if stable govt comes: Goldman Sachs
New Delhi, April 24: Global financial major Goldman Sachs expects the Indian economy to recover from slowdown in the second half of this fiscal, if a stable government is formed after General Elections.
"The evidence appears to suggest that if a stable government were to come to power, markets would be driven by fundamentals and global cues. In that event, leading indicators suggest to us a recovery in economic activity in the second half of fiscal year 2009-10," Goldman Sachs said.
Referring to economic activity post-polls in the past, the financial firm said economic activity increased immediately after five elections out of seven since 1984.
"On each of those five occasions, a coalition perceived to be stable, has come to power," it said in a report, titled India: Impact of the Elections on Acitity and Markets.
The two elections in which activity declined were when neither of the two major national parties--- the Congress or the BJP-- were a part of the ruling coalition.
Elections do not change the trajectory of the business cycle, the report said, adding that the impact of the elections should not be overplayed.
"According to our estimates, election cycles do not interfere significantly with the economic cycle. We continue to expect GDP growth to be 5.8 per cent in FY10, above the consensus of 5.1 per cent."
courtesy : Zeenews.com
Sensex rises to six-month high, gains 1.74%
Mumbai, April 24: The Bombay Stock Exchange benchmark Sensex Friday climbed to a six-month high on sustained buying by funds at front-line counters on expectations of a better outlook for corporate earnings.
The Sensex, which gained 317 points in previous sessions, added another 194.06 points, or 1.74 per cent, to end at 11.329.05, after touching the day's high of 11,362.88.
In choppy deals, the key index also touched a low of 11,070.33 points during the day.
Similarly, the 50-share National Stock Exchange Index Nifty rose by 57.05 points at 3,480.75, after touching the day's high of 3,491.35 and a low of 3,402.90 points.
The bullish trend was backed by banking shares after the interest rates. The banking index was the biggest gainer, adding 2.77 per cent to 5,591.70, with all the 18 participants of the index closing higher.
As the market changed for the better, major players and speculators rushed to square up their pending positions, which further fuelled the uptrend.
State Bank of India gained 3.33 per cent to Rs 1,307.80, Punjab National Bank 5.28 per cent to Rs 518.35, IDBI Bank 13.08 per cent to Rs 67.45 and ICICI Bank 2.10 per cent to Rs 432.50.
courtesy : Zeenews.com
Milan /New Delhi, April 23: Italian auto maker Fiat SpA slumped into the red recording a loss of 411 million euros for the first quarter of this year, primarily hit by falling auto and truck sales.
Fiat, which is to enter into a partnership with ailing American car maker Chrysler, had a profit of 427 million euros in the first quarter ended March 2008.
The company is also into the agricultural and construction equipment market.
For the latest quarter, Fiat had revenues to the tune of 11.26 billion euros, plunging 25% as against the same period a year ago. In the comparable period, the same stood at 15.07 billion euros.
"Group revenues were down 25.3% to 11.3 billion euros on the back of substantial deterioration in all markets, with particularly severe declines in construction equipment and trucks.
"Market declines were more contained for automobiles and agricultural equipment, where the Group successfully capitalised on the strengths of its product portfolio to consolidate or improve its position in several key regions," Fiat said in a statement.
Fiat Group automobiles closed the quarter with revenues of 5.6 billion euros, down 18% as against the year-ago period.
The Italian entity has entered into an agreement with Chrysler for establishing a global strategic alliance. As part of the pact, Fiat would contribute strategic assets to the alliance, including products and platforms to expand Chrysler's current portfolio, technology and access to international markets.
According to the company, there was a 12.7% decline in revenues from Agricultural and Construction Equipment (CNH) unit at 2.6 billion euros.
"... we believe that the truck market and the construction equipment business will continue to suffer depressed demand for the major portion of the year, with signs of recovery only visible in the fourth quarter," Fiat noted.
courtesy : Zeenews.com
San Francisco, April 24: Microsoft reported a drop in quarterly revenues on Thursday for the first time in the 23 years since it went public.
But investors still gave the world largest software company their approval, sending Microsoft shares higher in after-market trading as its aggressive cost cutting measures preserved profitability.
The Seattle-based company said its revenues dropped six per cent to $13.7 billion, compared to the year-ago quarter. Profits of $3 billion represented a 32-per cent drop from the $4.4 billion it earned in the same period last year.
The company has been hit hard by a drop in consumer spending, with people delaying or canceling purchases of new computers. Sales of Microsoft's Windows operating system were down for only the second time in history, but Microsoft said it saw signs that the worst may be over.
"While market conditions remained weak during the quarter, I was pleased with the organization's ability to offset revenue pressures with the swift implementation of cost-savings initiatives," Microsoft chief financial officer Chris Liddell said in a statement Thursday.
"We expect the weakness to continue through at least the next quarter."
courtesy : Zeenews.com
Please create a separate board for health..Hope it would be easy n useful one.....
IPL refuses ICC assistance to tackle match-fixing
Dubai (PTI): The Indian Premier League has refused the International Cricket Council's help to deal with the threat of match fixing and betting in the multi-million dollar Twenty20 event underway in South Africa.
The ICC's Anti-Corruption and Security Unit keeps an eye on international tournament but with the IPL being a domestic tournament, the organisers decided to have their own staff to tackle any wrongdoing.
"IPL opted not to use the ICC's Anti-Corruption and Security Unit, it's a domestic tournament and there's no compulsion to use ACSU. Every event has its own protocol and the IPL organisers preferred to use their own staff," ICC spokesman Brian Murgatroyd was quoted as saying by Associated Press.
"The issue of anti-corruption measures was one that was brought to the attention of the organisers of the IPL by the ICC ahead of the tournament," he added.
The ASCU is headed by former London Metropolitan Police chief Sir Paul Condon. It was formed after the 2000 match-fixing scandal.
The ASCU is assigned the job of keeping an eye on the visitors to the players' dressing rooms and team hotels during international matches.
Even last year, the IPL had not taken the ICC's help to deal with any possible corruption in the league.
courtesy : The Hindu.
Delhi snatch thrilling nine-run victory over Chennai
Durban(PTI) AB De Villiers blasted a 54-ball 105 to record the first century in the second edition of the Indian Premier League as Delhi Daredevils snatched a slender nine-run win over Chennai Super Kings in a thrilling match here on Thursday.
On a day which saw more than 350 runs being scored, Delhi Daredevils first posted an imposing 189 for five and then restricted the opponents just nine runs short of the target in the stipulated 20 overs.
Chasing 190, Chennai went off to a flying start, courtesy a sparkling 22-ball 50 runs by Australian Matthew Hayden but once he was back in the hut the Super Kings lost the plot completely.
Hayden was removed by Pradeep Sangwan in the eighth over and once Parthiv and skipper Mahendra Singh Dhoni (5) also perished, Suresh Raina (41 off 27 balls) and Andrew Flintoff (16) joined hands to stitch together a 31-run crucial stand.
Needing 42 runs in last five overs, the Super Kings could not keep the score ticking and fell like a house of cards.
Manpreet Gony (6), Joginder Sharma (4) and Laxmipathy Balaji (0) run themselves out in pursuit of quick runs and handed a narrow nine win to the Daredevils in the end.
For Delhi, Pradeep Sangwan returned with a three-wicket haul for 28 runs and Daniel Vettori scalped two crucial wickets giving away 29 runs.
Earlier, Tillakaratna Dilshan scored a 24-ball 50 to set the tone for the Delhi innings, while De Villiers hit a 54-ball century to propel Delhi after they were pushed to the backfoot by Chennai, removing the explosive openers Virender Sehwag and Gautam Gambhir within two overs.
De Villiers' innings was bejewelled with six massive sixes and five hits to the fence.
Electing to bat first, Delhi Daredevils were left tottering at eight for two with Gambhir losing his wicket in the very first ball of the innings.
Gambhir (0) paid the price for being overconfident as he danced down the pitch in the very first delivery off Balaji only to be caught behind by Dhoni.
Sehwag (6) soon joined him in the hut after he tried to pull a rising delivery of Manpreet Gony in the next over only to be caught by Albie Morkel at mid on.
However, new batsmen Villiers and Dilshan joined the groove and shrugged off the early disappointment to notch up a 68-run partnership in just 38 deliveries to post 76 for two in eight overs.
The duo took the attack to the swords and plundered fours and sixes at will with Dilshan leading the carnage with a 24-ball fifty studded with two sixes and seven fours, before being removed by Morkel in the ninth over.
Dinesh Karthik then joined hands with De Villiers and the two brought up the 100 in 11.2 overs before Karthik was removed by Flintoff off Balaji in the 14th over.
The South African continued the blitzkrieg sending the bowlers for the leather hunt and notched up a 74-run partnership off 34 balls with new man Monaj Tiwary contributing only nine runs.
De Villiers exploded in the end overs and blasted a couple of sixes and equal number of fours in the 18th over off Flintoff to score 22 runs to notch the highest total of the tournament.
For Chennai, Balaji returned with the best bowling figures, scalping three wickets for 19 runs.
courtesy : The Hindu.
Washington (IANS): Can a grape-enriched diet arrest the downhill sequence of heart failure after years of high blood pressure (BP)?
A University of Michigan Cardiovascular Centre study suggests grapes may prevent heart risks beyond the simple BP-lowering impact that can come from a diet rich in fruits and vegetables.
The benefits may be the result of the phytochemicals - naturally occurring antioxidants - turning on a protective process in the genes that reduces damage to the heart muscle.
The researchers studied the effect of regular table grapes (a blend of green, red and black grapes) that were mixed into the rat diet in a powdered form, as part of either a high or low-salt diet.
Comparisons were made between rats consuming the grape powder and rats that received a mild dose of a common BP drug. All the rats were from a research breed that develops high BP when fed a salty diet.
After 18 weeks, the rats that received the grape-enriched diet powder had lower BP, better heart function, and fewer signs of heart muscle damage than the rats that ate the same salty diet but didn't receive grapes.
Rats that received BP medicine, hydrazine, along with a salty diet also had lower blood pressure, but their hearts were not protected from damage as they were in the grape-fed group.
"There are the small changes that diet can bring, but the effect of grape intake on genes can have a greater impact on disease down the road," said E. Mitchell Seymour, who led the research as part of his doctoral work in nutrition science at Michigan State University, said its release.
The study, performed in laboratory rats, was presented at the 2009 Experimental Biology convention in New Orleans.
courtesy : The Hindu.
New Delhi (PTI): Worried over the humanitarian crisis in the conflict zones of Sri Lanka, spiritual leader Sri Sri Ravi Shankar has appealed to the government of the island nation to take care of the civilians trapped in the war zone.
During a three-day visit to the country from April 20-22, the founder of the the Art of Living met Sri Lankan President Mahinda Rajapaksa and requested him to resolve the humanitarian crisis.
He also conveyed to Rajapaksa the desire of the Tamils, who are staying in camps, to return to their homes soon in Northern Sri Lanka.
"The untold suffering of the Tamils will make any heart bleed. A place that has never seen beggars has to beg for water, food, clothes and for life itself," the spiritual guru said.
Thousands of ethnic Tamils are trapped in the 'No-Fire Zone' in northern Sri Lanka, where army is launching a final assult on the LTTE.
As part of his peace mission, Ravi Shankar also met up with several leaders including Opposition leader Ranil Wickramasinghe and US Ambassador to the country Robert Blake.
He also visited a camp for Internally Displaced People in Vavunia during which he expressed hope that the displaced Tamils would be able to return to their homes soon.
courtesy : The Hindu.
London (PTI): Scientists in Britain have created lip-reading computers that can differentiate between different languages, a development that could have practical uses for deaf people and for law enforcement agencies.
"This is an exciting advance in automatic lip-reading technology and the first scientific confirmation of something we already intuitively suspected -- that when people speak different languages, they use different mouth shapes in different sequences," said Prof Stephen Cox, who led the study along with Jake Newman of Britain's University of East Anglia (UEA) in Norwich.
The ground breaking technology, which was developed by statistical modelling of the lip motions made by a group of 23 bilingual and trilingual speakers, could have practical uses for deaf people, for law enforcement agencies, and in noisy environments, the Science Daily online reported.
Though computers that can read lips is nothing new, it is for the first time the machine has been 'taught' to recognise different languages.
The system was able to identify different languages, including English, French, German, Arabic, Mandarin, Cantonese, Italian, Polish and Russian, by an individual speaker with very high accuracy.
"For example, we found frequent 'lip-rounding' among French speakers and more prominent tongue movements among Arabic speakers," lead researcher Prof Cox pointed out
courtesy : The Hindu.
CHENNAI: If December is synonymous with music season in south Chennai, it is April that tops the list in promoting classical music and dance in northern part of the city.
A five-day-long music festival in north Chennai was inaugurated at Sri Sayee Vivekananda Vidyalaya Matriculation Higher Secondary School, Kodungaiyur, on Tuesday.
'Vadachennaiyil Isaivizha,' which is being held for the seventh consecutive year, at the school has received growing patronage from the residents of north Chennai, said the school's correspondent T. S. Thiyagarajan.
South Chennai domination
"South Chennai dominated the classical music arena with all Carnatic musicians and music sabhas huddled around southern areas. I wanted to introduce the concept of annual music festivals in this part of Chennai, which lacks recreation facilities," he said.
Mr.Thiyagarajan's effort, which was met with initial hesitation about music appreciation, has proved to be a success with doyens such as violinist Kunnakudi Vaidyanathan, saxophone exponent Kadiri Gopalnath and vocalist Sirgazhi G. Sivachidambaram having performed in the festivals.
Inaugurating the festival, Narada Gana Sabha secretary R. Krishnaswami said the long-distance travel to south Chennai and traffic congestion would dampen the spirit of music lovers in north Chennai who would want to enjoy classical music and dance.
Such initiatives would provide an opportunity to appreciate music. Music transcends language barriers and melody gains significance over language in classical music, he added.
He also commended Mr.Gopalnath for his performance in the festival for the third time.
Students of Viswa Vidyalaya Matriculation Higher Secondary School, Vandalur, were also honoured for their performance in the festival. Senior journalist Charukesi also participated in the event.
The festival would conclude with classical dancer Roja Kannan's performance on Saturday.
courtesy : The Hindu.
Rules were being implemented more carefully now, he says
AP has been the single largest source of talented human resource, Keur says
US Consulate to extend help to promote academic exchanges
Kakinada: The US Government did not impose any restriction on the issue of H-1B visas to Indians as reported in the media. The same number of visas were being issued as in the previous years but there was misinformation in the Indian media that the US was issuing lesser number of them to non-immigrants Indians due to the global economic crisis, said Consul General of the USA (Hyderabad) Cornelis M. Keur.
Speaking to media persons during a brief visit of JNTU here on Wednesday, Mr. Keur said there was no cap on H-1B visas but the rules were being implemented more carefully due to prevailing situation in the USA where companies were being asked to recruit foreign nationals only if they don't find qualified persons who are natives of the USA. "The US loves to issue as many H-1B visas as possible as it would be a win-win situation both for itself and job-seekers coming from abroad", he observed.
Mr. Keur said Andhra Pradesh has been the single largest source of talented human resource for the USA, accounting for not less than 40 per cent of the visa applications that were being filed in US Consulate at Chennai. AP continues to be a major supplier of skilled workforce to the US and that is what prompted the US Government to set up Consulate at Hyderabad. Almost half of the work load of the US Consulate at Chennai is now being shared by its counterpart at Hyderabad.
The US Consul General further said that the USA has a huge number of American citizens of Indian origin contributing to its growth in diverse fields and the Indian talent pool has a predominant advantage of being well-versed in English language compared to that of China. Indians have traditionally played a vital role in commercialising scientific knowledge into practical applications in the USA and they come with an entrepreneurial spirit better than what China was now able to offer. As regards his visit of JNTU-Kakinada, Mr. Keur said it was one of the excellent educational institutions in India located in the coastal districts whose potential for growth is tremendous. The US Consulate would extend all possible help to promote academic exchanges between JNTU-K and American Universities.Pat for V-C
He has also appreciated the efforts being made by Vice-Chancellor Allam Appa Rao to develop the varsity into a world class institution.
Prof. Rao said it was the first ever visit of a Consul General of the USA to Kakinada and he was proud to be associated with Mr. Keur and looked forward to fruitful relationship with him. Prof. Rao sought help from the Consul General for the exchange of intellectual capital in order to transform these coastal districts into a wealthy region in India.
He has earlier given a presentation to Mr. Keur on the activities of JNTU-K with specific focus on the strategic planning initiatives and efforts being made to enhance the quality of technical education.
courtesy : The Hindu.
BANGALORE: Despite a better than expected results for fiscal 2009, Wipro has slammed breaks on recruitment.
The company, which has hired tens of thousands employees in recent years, added only 2,243 employees, in fiscal 2009, to take its headcount to 97,810. Its headcount stood at 95,567 end of fiscal 2008.
In contrast, its rival Infosys added 13,663 employees to reach a headcount of 104,850 in fiscal 2009. TCS hired 32,354 to take its headcount to 143,761 in the same period.
The drop in Wipro's hiring mirrors the full blown effect of the global recession on Indian IT industry.
Wipro Chairman Azim Premji said, "Fiscal '09 saw the most severe meltdown the world has seen in this generation," while announcing fourth quarter results on Wednesday.
Wipro's flagship global IT business division raced from 28,502 employees in 2004 to 82,122 in 2008 adding an average of more than 13,000 employees per year. But fiscal 2009 saw an addition of only 1,898 employees to this division.
Its hiring forecast for fiscal 2010 is more subdued.
Pratik Kumar, head of HR, said, "Wipro may hire only 500 lateral hires or experienced employees in fiscal 2010 in IT services." "The 7,000 offers made during campus recruitments in fiscal 2009 would be honoured on priority," he said.
"The next round of campus recruitment would be done between January-March 2010," he added, while refusing to make any estimate on the actual number of new graduates Wipro may hire this year.
Indian IT firms, which run a labour-intensive IT business, have typically hired in large numbers to meet the booming demand for outsourcing.
But as the ongoing recession has hit projects and margins, they have become cautious on hiring and are looking for ways to make their business less labour intensive.
courtesy : Express Buzz.
BANGALORE: BPO and call centre employees, who in the past have been criticised for not doing their national duty by casting their votes, will have no excuses this time as their employers have made sufficient provisions for their employees to exercise their franchise in the first phase of the polls on Wednesday.
Citing either no holidays on polling days or odd working hours, BPO employees hardly used to turn up at the polling booths to cast their votes.
However, for the upcoming elections, several BPOs in the city have ensured that their employees go out and vote.
While some BPOs have declared April 23, the day on which Bangalore goes to polls, a holiday, a few others have given their employees the option of a 'late log in,' if they are voting.
Several companies are keen that their employees vote in large numbers.
"At Unisys we have been given a holiday on the day of polling. The holiday will be a compensatory one and we will be asked to work on our regular holidays," said an Unisys employee.
'Late log in' means an employee who wants to cast his vote can report for duty late. This option is given to those whose work shift clashes with the polling hours. HSBC has given its employees this option.
A few companies when contacted by The New Indian Express said that they have no special arrangement for their employees to exercise their franchise, keeping in mind the work hours that don't clash with polling hours.
"The working hours in about 70 per cent of the companies in Bangalore are either in the evening or during late nights.
As polling closes by 5 pm, employees who want to cast their votes have sufficient time to do so," said an HR in a leading BPO firm.
courtesy : Express Buzz.
Islamabad, April 23: Pakistan desires good relations with India and wants the stalled dialogue process between the two countries to be resumed as soon as possible, President Asif Ali Zardari said on Thursday.
Zardari made the remarks when India's new High Commissioner to Pakistan, Sharat Sabharwal, presented his credentials to the President during a ceremony at the Aiwan-e-Sadr or presidential palace, sources said.
The President also told Sabharwal that durable peace in the region will be possible only if all outstanding issues are resolved through peaceful means, the sources said.
The composite dialogue between India and Pakistan, which began in 2004, was put off by New Delhi in the wake of last year's Mumbai terror attacks. India has blamed Pakistan-based elements, including the Lashker-e-Toiba terror group for the attacks that killed over 180 people.
Sabharwal presented his credentials to the President along with the envoys of Spain, Indonesia, Hungary and Luxembourg. During the ceremony, they called on Zardari separately and discussed bilateral relations and matters of mutual interest.
The envoys were also presented a guard of honour by a contingent of the Pakistan Army.
Sabharwal, who was India's deputy high commissioner in Islamabad during 1995-99, arrived here on April 6 to take up his new assignment.
courtesy : Zeenews.com
Mumbai, April 23: Reliance Industries, the country's largest private firm, on Thursday reported a second consecutive fall in quarterly profits with net earnings dipping 9.3 per cent in January-March as global recession cut demand for fuels.
The firm, the owner of the world's largest oil refining complex, saw net profit decline to Rs 3,546 crore in the quarter ended March 31, from Rs 3,912 crore a year ago, RIL said in a statement.
Its most-watched refining margin or revenue it earns on processing every barrel of crude oil fell to USD 9.9 in the quarter from USD 15.5 a year earlier.
RIL's profit had fallen 56.67 per cent in the October-December quarter to Rs 3,501 crore.
RIL, which earns 70 per cent of its revenues from exports of petrol and other fuel from its refinery at Jamnagar in Gujarat, may see higher earnings this fiscal after it started selling natural gas from its biggest field.
With fuel demand dipping in the US and Europe, the key markets of products from Jamnagar, the company plans to sell fuel locally after giving up the export-only status of its 33-million-tonne refinery.
For the 2008-09 fiscal, net profit dropped 21.5 per cent to Rs 15,279 crore, from Rs 19,458 crore in the previous year.
Gross refining margin (GRM) for the year was lower at USD 12.2 per barrel as against USD 15 a barrel in 2007-08. The turnover rose 8.3 per cent in the fiscal to Rs 150,771 crore while it dipped 25 per cent to Rs 29,073 crore in Q4.
RIL earlier this month started producing gas from its eastern offshore Krishna Godavari basin KG-D6 field and output is expected to rise to 80 million cubic metres per day by the year end.
In December it commissioned a 29-million-tonne SEZ refinery adjacent to the Jamnagar refinery.
The old Jamnagar refinery processed 32 million tonnes of crude in 2008-09 against a capacity of 33 million tonnes, reflecting lower export demand. Fuel exports declined to 21 million tonnes as compared to 22.1 million tonnes in the previous year.
Revenue from oil refining and marketing increased by 11.5 per cent to Rs 112,351 crore mainly due to product prices going up because of high crude oil prices during the first half of the year. Increase in prices accounted for 6 per cent of growth in revenue while higher volumes accounted for 5.5 per cent.
The results were, however, better than the market expectations, as reflected in the share price, which surged 2.7 per cent to Rs 1,762.35 a share at the close. RIL announced the results after the close of trading.
The fall in profit was primarily due to costs related to higher borrowing and provisioning towards estimated claims on account of the company's subsidiaries.
Excluding the exceptional items, the Q4 net profit fall was just about one per cent at Rs 3,874 crore, while profit for the fiscal registered an increase of 2.3 per cent to Rs 15,607 crore.
The company's operating profit remained flat at Rs 23,395 crore for FY09 as against Rs 23,306 crore in the previous year.
courtesy : Zeenews.com
Mumbai, April 22: Software firm Wipro Technologies Wednesday said it has reported a 14.77 per cent rise in consolidated net profit at Rs 1,010 crore for the fourth quarter ended March, 2009.
The Bangalore-based firm had a net profit of Rs 880 crore in the same quarter of FY'08, Wipro said in a filing to the Bombay Stock Exchange.
The total income surged 13.55 per cent at Rs 6,583.20 crore in the March quarter from Rs 5,797.40 crore in the same period last fiscal.
The board has declared a dividend of Rs four a share, on shares of face value of Rs two each for the financial year ended March 2009.
For the financial year ended March 2009, Wipro posted a 18.79 per cent growth rate in consolidated net profit at Rs 3,899.90 crore, while it had a net profit of Rs 3,282.90 crore in FY'08.
The total income for the fiscal year rose 27.87 per cent to Rs 26,108.10 crore over the last year.
courtesy : Zeenews.com
Salary freeze at Wipro, hiring on hold
Bangalore, April 22: Wipro Ltd, India's third largest software exporter, has freezed salary increase for the current financial year and gave no commitment on campus hiring, saying the recruitment depended on how business shaped up.
"Outlook for wages and salaries...given the current scenario, we have no plans for increase in the course of the year", the Bangalore-headquartered, New York Stock Exchange-listed company's Executive Vice-President, Pratik Kumar said.
On campus hiring in the current fiscal, he said the company would visit the colleges (only) in January-March (unlike previous years when they selected students a year before they got the degree) but gave no firm numbers.
Kumar said campus hiring depends on how business shaped up, adding, it cannot predict a year before about the kind of numbers (hiring) they require. "It's difficult to put a number right now".
According to him, from this year onwards, Wipro would hire students only in their final year, and not a year in advance.
But Kumar said the company would honour the 7,000 campus offers made in the previous year.
courtesy : Zeenews.com
Bangalore, April 22: The global economy and the information technology sector are entering unchartered territory, says IT czar Azim Premji.
"While environment is challenging, the value proposition of the outsourcing in general and offshoring in particular has only strengthened", Premji, however, told a press conference here today.
He said the financial year 2008-09 saw the most severe economic meltdown the world has seen in this generation, ummatched both in its geographic spread as well as severity.
The crisis battered the financial sector and moved on to real sector of the economy with a total freeze in credit market, significant downturn in corporate profitability, loss of confidence in business prospects and tapering of consumer spending.
"This resulted in the world economy and trade almost coming to a standstill", Premji said.
"Coordinated action of central banks and fiscal stimulus by key nations helped bring back some confidence in the last quarter but emerging economic indicators lead one to believe the world economy will take some time to recover from the aftermath of this crisis", he added.
courtesy : Zeenews.com
New Delhi, April 23: Tata Communications, a Tata group company, today said it would introduce telepresence exchange services for Cisco Telepresence.
The new service, Global Meeting Exchange (GME), will support meetings between any connected private and public Cisco TelePresence rooms, Tata Communications said in a statement.
The company is in discussion with a number of regional carriers to collaborate on extending the Global Meeting Exchange into geographically diverse markets, it added.
Tata Communications' telepresence services include managed private Cisco TelePresence rooms and public TelePresence rooms.
Tata's Global Meeting Exchange will have major telepresence service points of presence (PoPs) in Mumbai, New York and London along with minor PoPs across the globe, it added.
"The GME builds upon our current Managed telepresence private network and public room services...Our B2B cooperation with Cisco and partner carriers will bring a new level of value demanded by Cisco TelePresence users," Tata Communications Senior Vice-President Global Managed Services John Landau said.
courtesy : Zeenews.com
New Delhi, April 23: Forecasting the Indian economy to grow by five per cent this fiscal, a projection lower than that of RBI, Moody's today said the next government will face strong pressure to provide more stimulus packages.
Moody's economy.com, a research arm of Moody's, also said in a report that 25 basis points cut in two key policy rates by RBI on Tuesday will have an "insignificant" impact on lending rates by banks.
"The winning party or coalition in the forthcoming elections will have a difficult term... Winners of the election will face strong pressure to implement more stimulus measures," said Moody's economy.com.
Beyond widespread poverty, there is a need to support the middle class as well as small- and medium-size businesses during this downturn, it said.
Although its fiscal stimulus packages have been widely regarded as insufficient to stimulate the economy, the incumbent government may have already stretched its budget close to the limit.
Policy-makers could inject more money, but this would eventually come at the expense of the economy, as excessive fiscal debt is a drag on business confidence, it added.
courtesy : Zeenews.com
Mumbai, April 23: Telecom operator Idea Cellular on Thursday reported a net profit of Rs 274.3 crore for the fourth quarter ended March 31, 2009.
The company had a net profit of Rs 276.7 crore in the same quarter ended March 31, 2008, Idea Cellular said in a filing to the Bombay Stock Exchange.
"Previous year figures have been regrouped and rearranged wherever necessary and not comparable with the current year due to the consolidation of financials pertaining to additional subsidiaries and joint ventures," the company said.
Total revenue of the company rose to Rs 2,935.6 crore during the quarter under review, while it had Rs 1,985.3 crore during the same quarter last fiscal.
"At the profit after tax level, the consolidated amount was lower by Rs 28.9 crore, compared to standalone, due to a negative contribution of Rs 25.4 crore by Spice Communications. It was also lowered by 3.6 crore by Indus Towers, being the first year of Indus operations," it said.
The company posted a net profit of Rs 900.9 crore for 2008-09. It had a net profit of Rs 1,042.3 crore in FY'08.
Shares of Idea Cellular closed at Rs 57.80 on BSE, up by 1.31 per cent over the previous close.
courtesy : Zeenews.com
BSNL ties up with Ericsson Consulting for 3G service
New Delhi, April 23: Chalking out an aggressive strategy to garner more 3G mobile subscribers, state run BSNL has tied up with consulting arm of Swedish telecom equipment vendor Ericsson.
"We have tied up with Ericsson Consulting under our 'Go To Market' strategy. It will perform network improvement and optimisation services for the core, radio and transmission networks installed by its parent Ericsson," a senior official of the PSU told media.
BSNL is not positioning 3G service for the mass market, he said.
The official, who did not wish to be named, said the PSU has reported 8,000-10,000 subscribers since its launch few months ago.
However industry sources disputed this figure saying the company may have garnered not more than 2000 customers over 24 cities.
Private players are yet to start the 3G service as they would get the required spectrum through auction, which is yet to take place. Till they launch the service, BSNL is trying to leverage its first mover advantage.
BSNL is focusing on brand, marketing and customer acquisition strategy for 3G service, which it is projecting as a niche service.
courtesy : Zeenews.com
Freshers (2009 Batch also) java,dot net,web,flash,sharepoint,c#,sap
Experience: 0 - 5 Years
Location:Bengaluru/Bangalore, Chennai, Hyderabad / Secunderabad
Compensation:Rupees 1,00,000 - 4,00,000
BEST SALARY ON PAR WITH INDUSTRY STANDARDS
Education:UG - Any Graduate - Any Specialization
PG - Post Graduation Not Required
Industry Type:IT-Software/ Software Services
Functional Area:Application Programming, Maintenance
If you possess
Any of these skills:
MS.NET VB.Net ASP.Net COM+ C#.Net ADO.Net VB, ASP,VB Script, COM, DCOM, etc. Java J2EE-
EJB- JSP- JDBC J2ME C# Java Visual Basic
Desired Candidate Profile
If you possess,
Any of these skills:
MS.NET VB.Net ASP.Net COM+ C#.Net ADO.Net VB, ASP, VBScript, COM, DCOM, etc. Java J2EE-
EJB- JSP- JDBC J2ME C# Java Visual Basic
Company Name: Customer Is King
TAMILNADU AND PONDICHERRY CANDIDATES ONLY APPLY
Email Address: email@example.com
New York, April 23: Donning the role of a commander ill-equipped to save the Titanic of banking world, Citigroup's India-born chief Vikram Pandit has found a place among the 20 worst ever CEOs in the American history, but the top honours has gone to bankrupt Lehman Brothers' Dick Fuld.
The list of America's 20 worst ever CEOs, compiled by business magazine Conde Nast Portfolio after consulting with a panel of business school professors, identifies the business "leaders who helped drive their companies into the ground."
These 20 include "six men who helped make today's economy stink", the magazine said.
The list has been topped by Dick Fuld, under whose stewardship Lehman Brothers became the world's biggest ever bankruptcy candidate and marked the epitome of the current global economic crisis.
Pandit has been ranked last at 20th position in the list, which also includes troubled insurer AIG's Martin Sullivan and failed investment bank Merrill Lynch's Stan O'Neal as also computer giant HP's former chief Carly Fiorina, Enron's former chief Ken Lay and bankrupt telecom firm WorldCom's Bernie Ebbers.
About Pandit, the magazine said that he "did not create the mess Citi is in, but he is the financial services equivalent of the Titanic's Edward Smith -- a commander ill- equipped to save his ship."
"When Pandit took over, Citi was already on track to report write-downs and increased credit costs of USD 20 billion. Today, the banking supermarket is propped up by USD 45 billion in bailouts and is, in effect, owned by the US government," Conde Nast Portfolio noted.
It further noted that Pandit's current salary was one dollar, but his "pay package was valued at USD 38.2 million for 2008, a year when taxpayers kept the firm in business."
Conde Nast Portfolio determined the rank after consulting a panel of professors from business schools like MIT Solan School of Management, Tuck School of Business, Wharton School, University of Chicago Booth School of Business, Yale School of Management and Kellogg School of Management.
The panelists were asked to consider each CEO's record of creating or destroying value, innovation and management skills or lack thereof.
About top ranked Fuld, the magazine said that "it's one thing to oversee the collapse of one of the Wall Street's most esteemed firms. But when your hubris triggers a national financial panic as well, you're a shoo-in for our top prize."
"Fuld's reckless risk-taking may have been typical of Wall Street, but his refusal to acknowledge that his firm was in trouble -- and take the steps necessary to save it -- was beyond the pale.
"Since filing the largest bankruptcy in US history (USD 613 billion in debts outstanding), Fuld has been belligerent and unrepentant. Even (alleged Ponzi scamster) Bernie Madoff said he was sorry," it added.
courtesy : Zeenews.com
Technical Support (voice process) for the Telecom domain
* Education: UG / PG/ Engineering.
* Experience: 0-17 months experience.
* Should be willing to work in nightshift and voice process in Chennai.
* 7 days free accommodation will be provided.
Base Location: Chennai
HCL Infosystems Ltd.;
1056 â€" C, 3rd Floor,
UR House, Avanashi Road
Coimbatore â€" 641 018
Date: 24th, 25th & 26th April, 2009
Time: 10.00 am to 5.00 pm
List of documents to carry:
â€¢ Updated resume with 7 passport size photographs
â€¢ Original & photocopy of all your certificates (Original will be returned after verification)
â€¢ ID and address proof (Pass port, Driving license, Voter ID etc.)