Wednesday, December 31, 2008
Tata motors to inject 'tens of millions' into Jaguar Land Rover
India's Tata Motors Ltd has agreed to inject "tens of millions" of pounds into Jaguar Land Rover to prevent an immediate cash flow crisis, the Financial Times reported on December 22.
The move by Tata, which bought the luxury carmaker earlier this year for $2.3 billion from Ford Motor Co, comes on top of "hundreds of millions" of working capital it has provided to the British firm, the paper said citing sources close to Tata.
Car makers around the globe have been hit by a collapse in demand as the economic slowdown spreads and access to credit is choked off by the financial crisis.
The Times newspaper reported on Dec. 22 that the prospect of British government assistance worth "tens of millions" of pounds to help keep Jaguar Land Rover afloat had helped the company's owners to secure last-minute funding from the banks.
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The move by Tata, which bought the luxury carmaker earlier this year for $2.3 billion from Ford Motor Co, comes on top of "hundreds of millions" of working capital it has provided to the British firm, the paper said citing sources close to Tata.
Car makers around the globe have been hit by a collapse in demand as the economic slowdown spreads and access to credit is choked off by the financial crisis.
The Times newspaper reported on Dec. 22 that the prospect of British government assistance worth "tens of millions" of pounds to help keep Jaguar Land Rover afloat had helped the company's owners to secure last-minute funding from the banks.
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Labels: British firm, Ford Motor Co, Jaguar Land Rover, luxury carmaker, Tata Motors Ltd
Tuesday, December 30, 2008
First Indian composer to get Golden Globe nomination
He is the first Indian composer to get a Golden Globe nomination and there's an Oscar buzz around his score in "Slumdog Millionaire", but A.R. Rahman is unfazed by talk of awards.
"The more you expect, the more frustration comes," Bollywood's most famous musician said when asked if the thought of holding an Oscar statuette had crossed his mind.
"It'll be a surprise if it comes but so far so good," Rahman said in a telephone interview.
Known for his musical versatility -- from romantic compositions to foot-tapping numbers, Rahman has innovated with different instruments and sounds to create some of India's best-known musical hits for nearly two decades.
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"The more you expect, the more frustration comes," Bollywood's most famous musician said when asked if the thought of holding an Oscar statuette had crossed his mind.
"It'll be a surprise if it comes but so far so good," Rahman said in a telephone interview.
Known for his musical versatility -- from romantic compositions to foot-tapping numbers, Rahman has innovated with different instruments and sounds to create some of India's best-known musical hits for nearly two decades.
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Labels: A.R. Rahman, Bollywood's most famous musician, first Indian composer to get a Golden Globe nomination, musical versatility, romantic compositions, Slumdog Millionaire
Monday, December 29, 2008
India confident on third-generation mobile services auction
India is confident the global financial crisis will not derail its auction of 3G mobile services spectrum due in mid-January, hanging out the prize of a larger foothold in the world's fastest growing wireless market.
The government hopes to raise $8.2 billion from the sale, and in a move to hook major overseas players it now plans to make new entrants winning third-generation radio waves eligible for space on the 2G spectrum as well.
"We have great hopes," R. Ashok, member of the Telecom Commission, the apex government body for the sector, told reporters at a news conference when asked how firms were responding amid the financial gloom.
Adding potential 2G spectrum to the offer, it is hoped, will make it easier for new foreign entrants to enter an extremely price-sensitive market where most use their mobile phones for voice calls and expensive data services take time to bear fruit.
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The government hopes to raise $8.2 billion from the sale, and in a move to hook major overseas players it now plans to make new entrants winning third-generation radio waves eligible for space on the 2G spectrum as well.
"We have great hopes," R. Ashok, member of the Telecom Commission, the apex government body for the sector, told reporters at a news conference when asked how firms were responding amid the financial gloom.
Adding potential 2G spectrum to the offer, it is hoped, will make it easier for new foreign entrants to enter an extremely price-sensitive market where most use their mobile phones for voice calls and expensive data services take time to bear fruit.
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Labels: 2G spectrum, 3G mobile services, 3G mobile services auction, data services, global financial crisis, mobile phones for voice calls, world's fastest growing wireless market
Friday, December 26, 2008
Hasbro withdraws suit against Scrabulous creator
Hasbro Inc (HAS.N: Quote, Profile, Research, Stock Buzz) said on December 15 that it agreed to withdraw a lawsuit against Scrabulous creator RJ Softwares, after the Indian information technology firm made changes to its Lexulous and Wordscraper online games.
In an emailed statement, Hasbro said the agreement "provides people in the U.S. and Canada with a choice of different games and also avoids potentially lengthy and costly litigation."
The toy maker, which is also known for its Transformers and Playskool brands, declined to comment beyond the statement.
Hasbro had filed the lawsuit in the U.S. District Court for the Southern District of New York earlier this year, saying Scrabulous infringed on the intellectual property rights of the popular board game Scrabble, to which Hasbro owns the rights in North America.
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In an emailed statement, Hasbro said the agreement "provides people in the U.S. and Canada with a choice of different games and also avoids potentially lengthy and costly litigation."
The toy maker, which is also known for its Transformers and Playskool brands, declined to comment beyond the statement.
Hasbro had filed the lawsuit in the U.S. District Court for the Southern District of New York earlier this year, saying Scrabulous infringed on the intellectual property rights of the popular board game Scrabble, to which Hasbro owns the rights in North America.
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Labels: Hasbro Inc, Hasbro withdraws suit against Scrabulous creator, Indian information technology firm, Lexulous and Wordscraper online games, online games, RJ Softwares, toy maker
Wednesday, December 24, 2008
Demographic shift prompts college recruiting boom
Dory Streett didn't beat around the bush when she spoke to students at a Los Ange les high school recently about Colby College, a liberal arts school in Maine. It's 3,000 miles from home, there's snow for long stretches and its community of Waterville has only 16,000 residents.
"It's almost as far as you can get," the recruiter told a dozen seniors at Gertz-Ressler High School. The photos she showed of Colby's bucolic campus did seem a galaxy away to many of the mainly low-income students whose school sits beside Interstate 10.
But Streett, who also emphasized Colby's small classes and generous financial aid, urged students to consider a college outside of Southern California: "It's for kids who want something different ... who know they will be in urban areas most of their lives and want to try something different for four years."
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"It's almost as far as you can get," the recruiter told a dozen seniors at Gertz-Ressler High School. The photos she showed of Colby's bucolic campus did seem a galaxy away to many of the mainly low-income students whose school sits beside Interstate 10.
But Streett, who also emphasized Colby's small classes and generous financial aid, urged students to consider a college outside of Southern California: "It's for kids who want something different ... who know they will be in urban areas most of their lives and want to try something different for four years."
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Labels: Colby College, Demographic shift, Dory Streett, Los Ange les high school, prospective students, U.S. high school graduates are Hispanics
Tuesday, December 23, 2008
Mumbai attackers stole credit cards and money
The militants who attacked India's financial center last month, killing 179 people, also stole credit cards, money and mobile telephones from their victims, Mumbai's top police officer said on December 15.
The stolen goods and currency included thousands of rupees and dollars found on the bodies of the nine gunmen killed by police during the three-day siege in Mumbai. A 10th gunman survived and was captured by police.
"We have no idea what they were planning to do with the money and cards, but it just speaks a lot more about their evil nature and the fact that criminals love stealing money and cards," Mumbai Police Commissioner Hasan Gafoor told Reuters.
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The stolen goods and currency included thousands of rupees and dollars found on the bodies of the nine gunmen killed by police during the three-day siege in Mumbai. A 10th gunman survived and was captured by police.
"We have no idea what they were planning to do with the money and cards, but it just speaks a lot more about their evil nature and the fact that criminals love stealing money and cards," Mumbai Police Commissioner Hasan Gafoor told Reuters.
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Labels: attacked India's financial center, Lashkar-e-Taiba, militants, Mumbai Police, Pakistani Mohammed Ajmal Kasab, Rawalpindi, stolen credit cards, stolen goods and currency
Monday, December 22, 2008
This year's most preferred holiday gift is giving cash
A survey commissioned by Western Union and conducted by GfK Roper Public Affairs & Media, revealed that sending cash is the most preferred form of gift during this holiday season.
Western Union provides the service to help make sure cash gets to its destination as quickly as possible, with The Western Union Money in Minutes service.
"This year, especially, with people around the globe taking a hard look at their finances and reevaluating spending, the gift of cash can be meaningful for friends and family," said Arti K. Caprihan, director, U.S. outbound to Europe, South Asia, Middle East and Pakistan, Western Union. "And during a sea son where cash really is 'king,' Western Union is a great choice to ensure your gift gets to its destination quickly and securely."
Western Union provides three options for sending the gift of cash: by visiting any of the more than 45,000 Western Union agent locations in the U.S., by calling 1-800-435-2226, or logging onto WesternUnion.com.
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Western Union provides the service to help make sure cash gets to its destination as quickly as possible, with The Western Union Money in Minutes service.
"This year, especially, with people around the globe taking a hard look at their finances and reevaluating spending, the gift of cash can be meaningful for friends and family," said Arti K. Caprihan, director, U.S. outbound to Europe, South Asia, Middle East and Pakistan, Western Union. "And during a sea son where cash really is 'king,' Western Union is a great choice to ensure your gift gets to its destination quickly and securely."
Western Union provides three options for sending the gift of cash: by visiting any of the more than 45,000 Western Union agent locations in the U.S., by calling 1-800-435-2226, or logging onto WesternUnion.com.
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Labels: destination, gift, holiday season, survey commissioned by Western Union, The Western Union Money, well-known national businesses, Western Union Agent network
Monday, December 15, 2008
Plans for revamping India's security infrastructure
India's chief law enforcement official announced a massive revamp of the country's security infrastructure in the wake of last month's Mumbai attacks, boosting coastal security, setting up a national investigative agency and strengthening anti-terror laws.
Home Minister P Chidambaram spoke at a day-long debate on December 11 in the Indian parliament about the deadly shootings and bombings in India's financial capital that killed over 170 people at two luxury hotels, a restaurant, Jewish center and a train station. The attackers are believed to have entered the country on boats, via the Arabian Sea.
Chidambaram said that South Asia is in "the eye of the storm of terror" and that after the Mumbai attack, it was not possible for India to "go back to business as usual."
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Home Minister P Chidambaram spoke at a day-long debate on December 11 in the Indian parliament about the deadly shootings and bombings in India's financial capital that killed over 170 people at two luxury hotels, a restaurant, Jewish center and a train station. The attackers are believed to have entered the country on boats, via the Arabian Sea.
Chidambaram said that South Asia is in "the eye of the storm of terror" and that after the Mumbai attack, it was not possible for India to "go back to business as usual."
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Labels: anti-terror laws, coastal security, Home Minister P Chidambaram, India's chief law enforcement, India's financial capital, Mumbai attacks, security infrastructure
Thursday, December 11, 2008
Frist century Tamil Brahmi script discovered as far apart as Thailand, Egypt
Although 'North South' stand for just two of the four cardinal directions of the compass, these two words have strong vibrations.
Currently, 'North' is taken to mean the rich nations, - not all of the them white and located in the northern hemisphere - for it includes yellow Japan and formerly all-white Australia and South Africa.
The South stood for the poor nations many of them north of the Equator.
Volumes have been written about the North/South Divide,' some exploring the reasons for the inequality between the two sets of countries, others about ways to bridge the gap.
'North South' is also the title of a 19th century novel about the economic and cultural differences between the north and south of England, and of a 20th century TV serial set against a backdrop of America's North-South civil war.
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Currently, 'North' is taken to mean the rich nations, - not all of the them white and located in the northern hemisphere - for it includes yellow Japan and formerly all-white Australia and South Africa.
The South stood for the poor nations many of them north of the Equator.
Volumes have been written about the North/South Divide,' some exploring the reasons for the inequality between the two sets of countries, others about ways to bridge the gap.
'North South' is also the title of a 19th century novel about the economic and cultural differences between the north and south of England, and of a 20th century TV serial set against a backdrop of America's North-South civil war.
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Labels: America's North-South civil war, beautiful poetry, colonial distortion of history, egypt, Equator, Frist century Tamil Brahmi script, northern hemisphere, Ramayana of Valmiki, Thailand
Wednesday, December 10, 2008
Airports on high alert amid reports of threat of attack by air
India remains on edge amid reports of a threat of an attack by air, adding to people's fears of vulnerability after last week's brazen rampage by gunmen who landed on Mumbai's famed shoreline by boat.
Indian intelligence agencies warned on December 4 of a possible hijack threat that would coincide with the anniversary Saturday of one of the most inflammatory events in India's recent history: the destruction of a centuries-old mosque in the north Indian town of Ayodhya by Hindu mobs in 1992. That incident has been an element of religious tension throughout South Asia.
Survivors of the attacks in Mumbai, which left more than 170 people dead, have been quoted as saying that at least one of the gunmen cited revenge for what happened in Ayodhya as a motive for their assault on luxury hotels and other busy spots in the Indian metropolis.
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Indian intelligence agencies warned on December 4 of a possible hijack threat that would coincide with the anniversary Saturday of one of the most inflammatory events in India's recent history: the destruction of a centuries-old mosque in the north Indian town of Ayodhya by Hindu mobs in 1992. That incident has been an element of religious tension throughout South Asia.
Survivors of the attacks in Mumbai, which left more than 170 people dead, have been quoted as saying that at least one of the gunmen cited revenge for what happened in Ayodhya as a motive for their assault on luxury hotels and other busy spots in the Indian metropolis.
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Labels: Airports on high alert, destruction of a centuries-old mosque, gunmen, hijack threat, Indian intelligence agencies warned, most inflammatory events
Monday, December 8, 2008
After attacks, Prime Minister battles for political life
Prime Minister Manmohan Singh's political survival may depend on finding a strong response to the attacks in Mumbai as Indians clamor for answers and action to the country's "9/11".
But if the track record of the quietly spoken "prime minister by accident" is anything to go by, the Congress-led government may find it hard to both appease voters ahead of general elections, and persuade Pakistan to act against militants.
"We have a figurehead prime minister," strategic affairs expert K. Subrahmanyam said.
"There is an impression that the government is weak and not able to deal with terrorism."
Many voters want some kind of clear response to the attack that killed 183 people, from identifying and punishing the masterminds to trade sanctions against Pakistan, or passing harsh anti-terrorism laws within India.
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But if the track record of the quietly spoken "prime minister by accident" is anything to go by, the Congress-led government may find it hard to both appease voters ahead of general elections, and persuade Pakistan to act against militants.
"We have a figurehead prime minister," strategic affairs expert K. Subrahmanyam said.
"There is an impression that the government is weak and not able to deal with terrorism."
Many voters want some kind of clear response to the attack that killed 183 people, from identifying and punishing the masterminds to trade sanctions against Pakistan, or passing harsh anti-terrorism laws within India.
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Labels: attacks in Mumbai, harsh anti-terrorism laws, india, masterminds, PM battles for political life, string of bombings in Indian cities, terrorism, trade sanctions against Pakistan
Saturday, December 6, 2008
It is a shame that media did not bother about Chhatrapati Shivaji Terminus
Watching at least four English news channels surfing from one another during the last 60 hours of terror strike made me feel a terror of another kind. The terror of assaulting one's mind and sensitivity with cameras, sound bites and non-stop blabbers. All these channels have been trying to manufacture my consent for - Hotel Taj the icon of India.
Whose India, Whose Icon ?
It is a matter of great shame that these channels simply did not bother about the other icon that faced the first attack from terrorists the Chhatrapati Shivaji Terminus (CST) railway station. CST is the true icon of Mumbai.
It is through this railway station hundreds of Indians from Uttar Pradesh, Bihar, Rajasthan, West Bengal and Tamil Nadu have poured into Mumbai over the years, transforming themselves into Mumbaikars and built the Mumbai of today along with the Marathis and Kolis.
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Whose India, Whose Icon ?
It is a matter of great shame that these channels simply did not bother about the other icon that faced the first attack from terrorists the Chhatrapati Shivaji Terminus (CST) railway station. CST is the true icon of Mumbai.
It is through this railway station hundreds of Indians from Uttar Pradesh, Bihar, Rajasthan, West Bengal and Tamil Nadu have poured into Mumbai over the years, transforming themselves into Mumbaikars and built the Mumbai of today along with the Marathis and Kolis.
To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com
Labels: Chhatrapati Shivaji Terminus, English news channels, Hotel Taj the icon of India, Indian Railway Stations, Kolis, Marathis, Mumbaikars, true icon of Mumbai
Friday, December 5, 2008
Hindu protest forces Maqbool Fida Husain film off film festival
India's most prestigious film festival has put off screening a decades-old documentary by its best known painter after complaints from Hindu nationalists who oppose the artist for sketching Hindu deities in the nude.
Maqbool Fida Husain's paintings of naked Hindu goddesses have delighted art lovers but enraged Hindu zealots who have attacked his house in the past and vandalized shows displaying his work.
‘Through the Eyes of a Painter' an award winning short film directed by Husain 40 years ago, was to be screened at IFFI on November 25, but organizers put off the screening.
The move came after a group called Hindu Janajagruti Samiti wrote a letter to Goa's gov ernor, asking him to stop the screening.
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Maqbool Fida Husain's paintings of naked Hindu goddesses have delighted art lovers but enraged Hindu zealots who have attacked his house in the past and vandalized shows displaying his work.
‘Through the Eyes of a Painter' an award winning short film directed by Husain 40 years ago, was to be screened at IFFI on November 25, but organizers put off the screening.
The move came after a group called Hindu Janajagruti Samiti wrote a letter to Goa's gov ernor, asking him to stop the screening.
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To read the ePaper, visit: http://www.newsindia-times.com
Labels: best known painter, documentary, Hindu nationalists, Hindu zealots, India's most prestigious film festival, Maqbool Fida Husain, Maqbool Fida Husain's paintings, naked Hindu goddesses
Thursday, December 4, 2008
India ranks high in women's empowerment
India ranks 25th out of 130 countries in political empowerment for women, and along with Nepal and Pakistan is distinctive for above-average performance in the field, according to the 2008 Global Gender Gap Report released by the World Economic Forum in Geneva.
India's overall ranking in the report, which also looks at the gender gap in health care, education, economic opportunities and participation, however, was 113th. The nation ranks 125th in economic participation and opportunity, 116th in educational attainment and 128th in health and survival.
"India (113), Iran (116), Nepal (120) and Pakistan (127) continue to hold some of the lowest positions in the Asian rankings, but on average all four countries post gains relative to their own performances in 2006 and 2007, signifying a positive trend," the report says.
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India's overall ranking in the report, which also looks at the gender gap in health care, education, economic opportunities and participation, however, was 113th. The nation ranks 125th in economic participation and opportunity, 116th in educational attainment and 128th in health and survival.
"India (113), Iran (116), Nepal (120) and Pakistan (127) continue to hold some of the lowest positions in the Asian rankings, but on average all four countries post gains relative to their own performances in 2006 and 2007, signifying a positive trend," the report says.
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Labels: economic opportunities and participation, education, health care, political empowerment for women, women in political decision-making, women's empowerment, World Economic Forum in Geneva
Wednesday, December 3, 2008
11th Annual Asian American Literary Awards
Mohsin Hamid, Vijay Prashad and Sun Yung Shin are among the winners of the 11th Annual Asian American Literary Awards, to be presented by the Asian American Writers' Workshop at a ceremony on December 8.
The event is scheduled to be held from 7:30 to 9 p.m. at the Iris and B. Gerald Cantor Film Center at New York University, 36 East 8th Street, New York. A VIP reception will be held from 6 to 7:30 p.m. at Deutsches Haus at NYU, 2 Washington Mews, New York.
Hamid receives the fiction award for "The Reluctant Fundamentalist" (Harcourt), the story of Changez, a Pakistani who goes to America to get a good education and make money, and ends in violence.
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The event is scheduled to be held from 7:30 to 9 p.m. at the Iris and B. Gerald Cantor Film Center at New York University, 36 East 8th Street, New York. A VIP reception will be held from 6 to 7:30 p.m. at Deutsches Haus at NYU, 2 Washington Mews, New York.
Hamid receives the fiction award for "The Reluctant Fundamentalist" (Harcourt), the story of Changez, a Pakistani who goes to America to get a good education and make money, and ends in violence.
To read the full article, click here..
To read the e aPaper, visit: http://www.newsindia-times.com
Labels: 11th Annual Asian American Literary Awards, Asian American Writers, fiction award, Mohsin Hamid, New York University, Reluctant Fundamentalist, Sun Yung Shin, Vijay Prashad, VIP reception, winners
Tuesday, December 2, 2008
India's growing number of attacks against civilians
In recent years, India has witnessed a growing number of attacks against civilians. Most have involved indiscriminate bombings in public places, unlike the coordinated armed assault on multiple sites in Mumbai that began on November 26, 2008 March 13, 2003: A bomb attack on a commuter train in Mumbai kills 11 people.
Indian authorities blame Lashkar-i-Taiba, a network of Muslim extremists from Pakistan.
An alleged accomplice dies in a shootout.
Aug. 25, 2003: Two bombs hidden in taxis kill about 60 in Mumbai at the Gateway of India and at the Zaveri Bazaar.
Aug. 15, 2004: A bomb explodes in the northeastern state of Assam, killing 16 people, mostly schoolchildren.
Oct. 29, 2005: Sixty-six people are killed when three blasts rip through New Delhi's Sarojini Nagar market, which was busy before a Hindu festival. A caller from the Front for Islamic Uprising, a group linked to Lashkar-iTaiba, asserts responsibility.
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Indian authorities blame Lashkar-i-Taiba, a network of Muslim extremists from Pakistan.
An alleged accomplice dies in a shootout.
Aug. 25, 2003: Two bombs hidden in taxis kill about 60 in Mumbai at the Gateway of India and at the Zaveri Bazaar.
Aug. 15, 2004: A bomb explodes in the northeastern state of Assam, killing 16 people, mostly schoolchildren.
Oct. 29, 2005: Sixty-six people are killed when three blasts rip through New Delhi's Sarojini Nagar market, which was busy before a Hindu festival. A caller from the Front for Islamic Uprising, a group linked to Lashkar-iTaiba, asserts responsibility.
To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com
Labels: attacks against civilians, bomb attack, indiscriminate bombings in public places, Mumbai attack, ndian authorities blame Lashkar-i-Taiba
Monday, December 1, 2008
'If these events lead to demonization of Muslims of India, terrorists will have won'
T here is a savage irony to the fact that the unfolding horror in Mumbai began with terrorists docking near the Gateway of India.
The magnificent arch, built in 1911 to welcome the King-Emperor, has ever since stood as a symbol of the openness of the city. Crowds of foreign tourists and local yokels flock around it, merchants hawk their wares, boats bob in the waters, offering cruises out to the open sea.
The teeming throngs around it daily reflect India's diversity, with Parsi gentlemen out for their evening constitutionals, Muslim women in burqas taking in the sea air, Goan Catholic waiters enjoying a break from their duties at the stately Taj Mahal Hotel, Hindus from every corner of the country chatting in a multitude of tongues.
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To read the ePaper, visit: http://www.newsindia-times.com
The magnificent arch, built in 1911 to welcome the King-Emperor, has ever since stood as a symbol of the openness of the city. Crowds of foreign tourists and local yokels flock around it, merchants hawk their wares, boats bob in the waters, offering cruises out to the open sea.
The teeming throngs around it daily reflect India's diversity, with Parsi gentlemen out for their evening constitutionals, Muslim women in burqas taking in the sea air, Goan Catholic waiters enjoying a break from their duties at the stately Taj Mahal Hotel, Hindus from every corner of the country chatting in a multitude of tongues.
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To read the ePaper, visit: http://www.newsindia-times.com
Labels: country's pluralist democracy, Crowds of foreign tourists, Deccan Mujahideen, Gateway of India, Mumbai attack, Muslims of India, Taj Hotel, Taj Mahal Hotel, terrorists
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