Mumbai: Asus has announced ‘Incredible Diwali’ offer in which 100 lucky consumers will have the chance to win a 100 percent cashback voucher on the purchase of a Zenfone 3 from 18th to 22nd October, 2016. In addition, another 100 people will also get the chance to win an AsusZenPower. To be eligible for the offer, consumers have to buy a Zenfone 3 ZE520KL and ZE552KL specifically from any Asus Authorized Partners and register the purchase on the microsite. Selected through a lucky draw, the winners will get the cash they spent on the purchase completely back in the form of a voucher, thus winning a free Zenfone 3 in the process, as well as a chance to win an AsusZenPower. The last date to register for the offer is 4th November, 2016. The offer also extends to the notebook buyers as they can avail the gifts worth Rs 11,000 by paying a nominal cost. Also, the customers will be able to avail interest-free EMI offers on purchase of all Core series products (i3/i5/i7 & Core m) during the offer timeframe. The Diwali offer has a special association for ‘Republic of Gamers’, its flagship gaming series wherein a buyer stands a chance to win gifts worth Rs 10,600 which includes Microsoft Xbox One Controller worth Rs 4,000. End users can visit the offer website for redeeming their gifts and more details. Winners of the offer will be announced by November 10th and will get duly notified by Asus on email.
New York: Five Indian-Americans are among the 400 richest people in the US, according to a Forbes list topped by Microsoft's co-founder Bill Gates for the 23rd year in a row. Symphony Technology founder Romesh Wadhwani, co-founders of outsourcing firm Syntel Bharat and Neerja Desai, airline veteran Rakesh Gangwal, entrepreneur John Kapoor and Silicon Valley angel investor Kavitark Ram Shriram have featured in Forbes' 'The Richest People In America 2016' list. The list has been topped by 60-year-old Gates who has a net worth of $81 billion. Gates keeps pushing to save lives in the developing world through efforts to eliminate polio, attack malaria and expand childhood vaccinations as head of the world's largest private charitable foundation, the Bill & Melinda Gates Foundation, Forbes said. Wadhwani, 69, has been ranked 222nd on the list with a net worth of $3 billion. The IIT-Mumbai and Carnegie Mellon alumnus is the chairman and CEO of Symphony Technology Group, an empire of 17 data, technology, healthcare and analytics companies that together take in more than $2.8 billion in annual revenue, Forbes said. Last year, Wadhwani announced that he planned to commit up to $1 billion to fund entrepreneurship initiatives in India. The Desai's rank 274th on the list with a net worth of $2.5 billion. Syntel, started in 1980 from an apartment in Michigan, now generates over $950 million in revenue and has nearly 24,000 employees across the globe, Forbes said. Gangwal is ranked 321 on the list with a net worth of $2.2 billion. The 63-year old IIT alumnus is an airline veteran who made his fortune from InterGlobe Aviation, the parent company of his budget airline IndiGo, India's largest by market share. Gangwal co-founded IndiGo, headquartered outside Delhi in 2006 with one aircraft. The Miami resident owns more than 40 per cent of the company and now serves as a board member, Forbes said. Kapoor ranks 335 on the list with a net worth of $2.1 billion. The 73-year old is the chairman of two drug outfits - Akorn, which specializes in "difficult-to-manufacture" prescription drugs and Insys Therapeutics, which produces an opioid for cancer patients. Shriram ranks 361 on the list with a net worth of $1.9 billion. An early Google backer, Shriram, 59, has sold of most of his stock but remains on the board of its parent company, Alphabet, Forbes said. Since 2000, he has been investing in young technology startups through his firm, Sherpalo Ventures. His portfolio includes Paperless Post, an online card and invitation service; Optimizely, which provides web and mobile app testing; and Inmobi, a mobile advertising company.
Beijing: China commissioned the world's largest radio telescope, a 4,450-panel reflector as large as 30 football pitches, which can help in better understanding the origin of the universe and boost global hunt for extraterrestrial life. Hundreds of astronomers and astronomy enthusiasts witnessed the official launch of the 500 meter Aperture Spherical Telescope's (FAST) mission in a karst valley in Pingtang County in Guizhou Province. Work on the nearly 1.2 billion-yuan (USD 180 million) project started in 2011, 17 years after it was proposed by Chinese astronomers. The installation of the telescope's main structure -- a 4,450-panel reflector as large as 30 football pitches was built at unique valley in southwest China where over 8,000 people have been evacuated as it requires quiet atmosphere. FAST will require radio silence within a 5-kms radius. Over 600 apartments have been built in two new settlements, about 10 kilometers to accommodate the displaced people. The telescope, which is aimed at observing deep space was stated to be most visible project of China's plans to transform into high-tech nation focussing on research in advanced science and technology moving away from cheap manufacturing. The project has the potential to search for more strange objects to better understand the origin of the universe and boost the global hunt for extraterrestrial life, Zheng Xiaonian, deputy head of the National Astronomical Observation under the Chinese Academy of Sciences, which built the telescope said. The radio telescope will be the global leader for the next 10 to 20 years, he said.
London: American tech giants Microsoft, Google and Salesforce have officially adopted the EU—US Privacy Shield framework, enabling them to receive personal data from the European Union (EU) in compliance with the new standards. They are now among the 103 companies — out of the 5,526 signatories – that have so far signed up to replace the defunct Safe Harbour framework. Facebook, Apple and Twitter are yet to adopt Privacy Shield, Britain-based Ars Technica website reported. The European Commission adopted the Privacy Shield in July to facilitate the transfer of personal data from the EU to the US. Privacy Shield is a voluntary scheme, whereby companies promise to treat European citizens’ personal data in compliance with European Union data rules. Those pledges are then enforced by the US Department of Commerce. According to the EU, the arrangement was necessary because the US does not meet the data protection standards required by Europe. The European Court of Justice annulled the previous law in October 2015. Since its introduction in 2000, the previous agreement had come to be relied on by 4,400 businesses, including internet giants such as Facebook, Google and Amazon. But an Austrian law student argued that since Facebook data was subjected to mass surveillance by US intelligence agencies, it did not offer an adequate level of protection. The student lodged a complaint with the Irish supervisory authority, in the light of the revelations made in 2013 by American whistleblower Edward Snowden concerning the activities of the US intelligence services, in particular the National Security Agency (NSA). The case was later transferred to the European court. After investigation, European Court of Justice concluded the agreement invalid, saying “the transfer of the data of Facebook’s European subscribers to the US should be suspended.” Recently, in a setback to US tech giant Apple, the European Commission announced that Ireland must demand 13 billion Euros in taxes from the Cupertino, San Francisco—based company. The White House has termed the order for tech giant Apple as unfair.
Mumbai: According to a report in Economic Times, India’s One Day cricket and T20 teams captain Mahendra Singh Dhoni’s endorsement contract with PepsiCo has ended, putting an end to a contract that lasted for 11 years. First inked in 2005, Dhoni was a part of several popular campaigns run by Pepsico, for its popular brands like Pepsi and Lay’s chips. According to ET, PepsiCo said, “At PepsiCo, our focus in advertising and marketing is to make our products the hero and celebrate the hero. The idea will always play the most important role. If there’s a role for the celebrity that helps take forward the idea of celebrating our product, we’re more than happy to taking it further.” Apart from Dhoni, the PepsiCo ads feature Virat Kohli, Parineeti Chopra, Ranbir Kapoor, and so on, in different campaigns. Dhoni and Kohli have appeared together in a few PepsiCo ads. Dhoni was rated as one of the highest paid athletes in the world by Forbes Magazine, which said that the cricketer earned a whopping $27 million from endorsements alone, annually. The ET report says that while Dhoni endorsed nearly 18 brands in 2016, it was down to 10 now. This now includes PepsiCo, real estate firm Amrapali whose contract Dhoni terminated voluntarily after the company came under fire from the government for not delivering the houses on time, Dabur and Sony TV.
Hyderabad: Batting great Sachin Tendulkar will be presenting a BMW car to star shuttler PV Sindhu for bringing laurels to the country by winning a silver medal at the Rio Olympics. The BMW car is being sponsored by Tendulkar's close friend and president of Hyderabad Badminton Association of India V Chamundeswaranath. "Sindhu will be gifted a BMW car by Mr Chamudeswaranath and his friends. Mr Sachin Tendulkar will be presenting the car to Sindhu," said Punnaiah Choudary, BAI Secretary (Tournaments), who had accompanied the team in Rio. Four years ago, Tendulkar had present a BMW to ace shuttler Saina Nehwal, who had returned with a bronze medal at the London Olympics. Tendulakar had also presented a Maruti Swift to Sindhu, who had won the girls' singles title in the Asian Youth Under-19 Championship in 2012.
New Delhi: Indian Railway Catering and Tourism Corporation (IRCTC) has made it to the prestigious Fortune India Next 500 list of Indian companies. This is for the second year in a row for the Railway Ministry PSU as it has improved its ranking to 199 from 328 in 2015. The awards, which recognise the outstanding contributions of the companies made during last year, will be presented on Friday (Aug. 19) as a part of Fortune India’s The Next 500 summit at Leela Palace hotel here. Union Minister for Road Transport, Highways and Shipping Nitin Gadkari will deliver the keynote address at the function, where Jharkhand Chief Minister Raghubar Das will be the guest of honour. The latest award for IRCTC whose total turnover rose from Rs. 1141 crore in 2014 to 15 to Rs. 1503 crore (unaudited) in 2015-2016 comes after the mini-Ratna PSU received a special prize of Scope Corporate Communication Excellence Awards 2016 for Effective and Innovative use of Digital Communication last month. The companies finding a place in the Next 500 list are mostly mid-sized and termed as the small wonders by the magazine. These firms drawn from various sectors like food and agri products, pharma, Information Technology, iron and steel and financial services are capable of breaking into the Fortune India 500 the magazine had said last year.
Gandhinagar: In a big surprise from the BJP, the party has named Vijay Rupani as the new chief minister of Gujarat. Nitin Patel will be the Deputy chief minister of the state. It was widely expected that Nitin Patel would be the new Gujarat CM, and this last-minute change from the BJP has taken everyone by surprise. Earlier, Nitin Patel in a TV interview had also spoken extensively of his plans for the state when he takes charge. The change in decision is being seen as a move by BJP President Amit Shah. Condemning BJP’s move, Hardik Patel, who has aggressively been leading protests against the state government said, “The decision not to name Nitin Patel shows that the BJP is not concerned about our community. This just proves what I have been saying all along.” The need to name a new CM arose after Anandiben Patel, in a Facebook post, announced her inclination to retire from her post. Anandiben Patel submitted her resignation earlier this week, saying that she would like to retire after touching the age of 75. However, Anandiben Patel’s decision was seen in political circles as a move to stem anti-incumbency movement in the state, with recent Dalit and Patel protests, challenging the BJP government. Gujarat is headed for assembly polls in 2017. Vijay Rupani started his political career as a student activist in the ABVP, and eventually moved to RSS. Rupani became a Gujarat Cabinet minister after Anandiben Patel became CM. He was in charge of the labour and employment, water supply and transport. Rupani belongs to the Jain community.
New Delhi: An Indian Air Force (IAF) AN-32 plane with 29 people on board has been missing for hours after it took off from Chennai on Friday morning. The plane took off from the Tambaram air base near Chennai for Port Blair at 8.30 am. It was to have landed around 11.20 am. "It was found missing. As of now, we will term it as overdue," said Navy spokesperson DK Sharma. Officials say the last contact with the plane was around 15 minutes after take-off. It was a courier flight with mostly service personnel on board. The plane has an emergency beacon locator, which usually gets activated if there is a crash. A massive search operation has been launched by the air force, Navy and Coast Guard in the Bay of Bengal. The Navy has launched two surveillance aircraft, including a Dornier, and diverted four ships - Karmukh, Gharial, Jyoti and Kuthar - to the region at full speed. There are more than 100 Russian-made AN-32s in service with the IAF. It is an aircraft that can fly for up to four hours without refueling and operate in all weather conditions. "These aircraft are very strong, they are used as supply planes for mountains and deserts," said retired Air Force officer Praful Bakshi.
Mumbai: Infosys has reported a consolidated net profit of Rs 3,436 crore in the April-June quarter, a 4.29% drop from the Rs 3,590 crore net profit posted in the Jan-Mar quarter. However, compared to the year ago period, Infosys' net profit rose 13.4%. The company had posted a net profit of Rs 3,028 crore in the same period last year. Stocks crash Soon after the results, the company's stock crashed over 9%. At 1045 hours, Infosys stock was down Rs 1,076.65, down Rs 99.20 or 8.44% lower. “We had unanticipated headwinds in discretionary spending in consulting services and package implementations as well as slower project ramp-ups in large deals that we had won in earlier quarters, resulting in a lower than expected growth in Q1,” said Dr. Vishal Sikka, CEO, in a release. "Going forward, we will continue our strong focus on our long-term goals and vision of transforming Infosys where open, intelligent technology amplifies people and frees them to innovate in a culture of learning and collaboration," he added. The company's revenue grew to Rs 16,782 crore in the quarter, up from Rs 16,550 crore posted in the Jan-Mar period. Compared to the year ago period, Infosys' revenue has risen 16.91% from Rs 14,354 crore to Rs 16,782 crore. The company said it has cut its revenue guidance to 10.5 - 12% in the constant currency terms for 2016-17 from 11.5 - 13.5%.