Indo American News • Friday, August 27 , 2010
Online Edition: www.indoamerican-news.com
Friday, August 27 2010 | Vol. 29, No. 35
Indo American News
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This Week inside
Swami Vidyadhishananda Presents Discourses for Self Enquiry Fellowship Nostalgic Ponnonam Raises Fond Memories & Funds Story on Pg 5
Barsana Dham Joins in a National Yogathon Indus River Flooding Devastates Large Areas of Sind Province in Pakistan.
BANGALORE (IANS): Pranav Mistry, the recipient of Popular Science 2009 Invention Award, who earlier hit the headlines for his invention Sixth Sense, has now invented an invisible mouse which will be priced at $20. The invisible computer mouse has been named as ‘mouseless’. MIT Fluid Interfaces Group headed by Pranav Mistry created
Story on Pg 8
Indian Arrested with Jihadi Literature in Houston
Comedy Time!
Story on Pg 21
Story on Pg 25
Sightline Health Expands to the Westside India Tries Using Cash Bonuses to Slow Birthrates Story on Pg 31
Endhiran is Costliest Indian Film to Date
Story on Pg 34
Take a walk down memory lane of the golden era of Hindi Cinema, 1948-1965, this Saturday, August 28, 8 pm at Wortham Center, a presentation of Indo American Association.
Pranav mistry Invents An Blazing campaign trails, Invisible ‘mouseless’ mouse dressed in High Fashion
Story on Pg 3
Story on Pg 7
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Hilarious Play Krishan Vs Kanhaiya Sep. 3, 9pm New Stafford Civic Center
Read more on page 18
Mouseless. This invisible mouse provides the familiarity of interaction of a physical mouse without actually needing a real hardware mouse, hence removes the requirement of having a physical mouse altogether but still provides the intuitive interaction of a physical mouse that everyone is familiar with. Mouseless consists of an Infrared (IR) laser beam and an Infrared camera, both of which are embedded in the computer itself. The laser beam module is modified with a line cap and placed such that it creates a plane of IR laser just above the surface the computer sits on. The user cups their hand, as if a physical mouse was present underneath, and the laser beam lights up the hand which is in contact with the surface.
NEW YORK: Reshma Saujani has a lot to say about her bid to challenge Representative Carolyn B. Maloney in the Sept. 14 Democratic primary. Saujani, a 34-year-old lawyer, described some of her passions — a public-private partnership to finance start-up costs for worthy entrepreneurs, the passage of the Dream Act for talented illegal immigrants aspiring to college. After hours of walking, Saujani, a former hedge-fund general coun-
sel and a successful political fundraiser, seemed as calmly cheerful as she did at the outset of the day. Saujani, whose boyfriend is a tech entrepreneur, has the support of a Twitter co-founder, Jack Dorsey, and a Facebook marketing executive, Randi Zuckerberg. She did say, however, that she had $80,000 in student loans from Yale Law School and the Kennedy School of Government at Harvard. There was something distinctly next-generation about the sight of Saujani, in a red dress just above the knee, legs bare atop her threeinch wedges. Saujani’s comfort level with fashion, with showing off her own good looks, could be considered progress — the latest evolution for female candidates, who first wore versions of male drag, then graduated to the salmon or aqua skirt suits that seemed sold out of a catalog distributed exclusively to female members of Congress. Maloney has tried to draw a contrast between her own track record in Congress and Saujani’s lack of experience in an elected position.
Anil Agarwal set to out-rich mukesh Ambani
BANGALORE (PTI): The proposed takeover of Cairn Energy’s India business could see NRI billionaire Anil Agarwal emerging as the richest promoter of a corporate house ahead of Mukesh Ambani, who has ruled the list for long. After the acquisition of Cairn India and a proposed IPO of group firm Sterlite Energy, Anil Agarwal, as head of the promoter family, would command an estimated networth of close to Rs. 1,67,000 crore, ($36.3bn) ahead of Mukesh Ambani at Rs. 1,45,275 crore, ($39.1bn) a comparison of promoter family holding valuations for leading groups reveals. However, Mukesh-led RIL is a wealthier group than Agarwal’s Vedanta, although both are behind the Tatas, whose market capitalisation in terms of listed entities is over Rs. 3,70,000 crore ($78.3bn). However, in terms of promoters’ wealth, Tata group chief Ratan Tata hardly compares to either Mukesh
or Agarwal. In their own respective fields of business, Agarwal is a global leader in the metals and mining, while Mukesh is among the top-ranked international players in the fields of petrochemicals and largest private sector oil group in India. Agarwal is now entering oil business through the Cairn India acquisition and his capacity to
play to the size could now make competition intense in oil sector. At the same time, the acquisition would give the Agarwal family double the size of Anil Ambani group (whose promoter wealth currently stands at less than Rs 80,000 crore) ($17.41 bn). The $9.6 billion takeover of Cairn India has already pushed Vedanta group head Agarwal to the second position after Mukesh Ambani in terms of family net worth. Add to this, the value of shares he holds in aluminium major Balco and IPO-bound group firm Sterlite Energy, the promoter family wealth of Agarwal group could rise to nearly Rs. 1,66,938 crore ($36.5 bn). In comparison, the family wealth of Mukesh Ambani group currently stands at Rs. 1,45,276 crore ($39.1 bn), based on the value of holdings in group firms Reliance Industries and Reliance Industrial Infrastructure.
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